Only six multinationals currently control over two-thirds of the industrial seed sales, and pending agro-industry mergers stand to further consolidate this oligopoly. Further market expansion for these corporations depends on the shrinking of farmer-managed seed systems, which currently provide 80 to 90 percent of the seed supply in developing countries through on-farm seed saving and farmer-to-farmer seed exchange.
Enabling the Business of Agriculture: Reinforcing Stranglehold of Agrochemical Companies
Down On the Seed, the World Bank Enables Corporate Takeover of Seeds, exposes that while the World Bank claims to promote “smart and balanced policies,” its Enabling the Business of Agriculture index blatantly ignores farmer-managed seed systems. Instead, it reinforces the stranglehold of agrochemical companies and Western nations by pushing for intellectual property rights in agriculture, so that private breeders profiteer from the use of their seeds by farmers.