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American Farm Bureau Federation voices concern merging agriculture giants will cut R&D

By Curtis Eichelberger ( September 19, 2016, 17:24 GMT | Insight) -- The biggest farmers association in the US already has told merging agriculture giants Dow-DuPont, Bayer-Monsanto and ChemChina-Syngenta that it's afraid consolidation will lead to smaller research and development budgets and fewer cutting-edge genetic seed traits and crop protection chemicals. Bob Young of the American Farm Bureau Federation, who has expressed his concerns to each company except ChemChina, will be among the industry experts testifying at a US Senate Judiciary Committee hearing on industry consolidation Tuesday, where innovation is expected to be a topic.The biggest US farmers association in the US has told merging agriculture giants Dow-DuPont, Bayer-Monsanto and ChemChina-Syngenta that it is afraid consolidation will lead to smaller research and development budgets and fewer cutting-edge genetic seed traits and crop protection chemicals....

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