Apparently, it has come to my attention and now you (the reader) that Monsanto owns 90% of seed genetics.
AP Investigated the whole thing, and here's some quotes:
Competitive bids from companies like DuPont could have made it far more expensive for Monsanto to bring the smaller companies into its fold. But that contract provision prevented bidding wars, according to DuPont.
"If the independent seed company is losing their license and has to destroy their seeds, they're not going to have anything, in effect, to sell," Boies said. "It requires them to destroy things — destroy things they paid for — if they go competitive. That's exactly the kind of restriction on competitive choice that the antitrust laws outlaw."
Some independent seed company owners say they feel increasingly pinched as Monsanto cements its leadership in the industry.
"They have the capital, they have the resources, they own lots of companies, and buying more. We're small town, they're Wall Street," said Bill Cook, co-owner of M-Pride Genetics seed company in Garden City, Mo., who also declined to discuss or provide the agreements. "It's very difficult to compete in this environment against companies like Monsanto."
Boing Boing put this up first, and wow. I knew that Monsanto had taken some major hits from the film "The Corporation" but this is a new low. I'm not one to get up and start freaking out, but I know several members of my family are going to really get scared.
This is some seriously bad news, that is if Monsanto really is trying to control ALL the food and seeds that are out there. Imagine if they could control food? Oh man, this sounds like an episode of some cartoon show or movie plot.