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Conservation Concessions as Neo-Colonization: The African Parks Network

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The conservation industry is now promoting the idea of ‘buying up’ Conservation Concessions and reconstituting them as business models with profit-seeking aims. A case in point is the ‘African Parks Network’, which manages 19 National Parks and Protected Areas in 11 countries in Africa.

Concessions for so-called conservation purposes (national parks, protected areas, nature reserves, etc.) have their roots in the ideas and beliefs that underpinned European colonisation. The concept of Protected Areas originated in the United States in the late 1800s, founded on the desire to preserve ‘intact’ areas of ‘wilderness’ without human presence, mainly for elite hunting and the enjoyment of scenic beauty. Both Yellowstone and Yosemite national parks were forcibly emptied of their inhabitants and provided the blueprint for ‘doing conservation’ that continues to the present day. During that same period, European colonisers declared large tracts of the occupied territories in Africa as ‘game reserves’ after forcibly displacing populations from said areas. These reserves were often created after colonialist hunters had already exterminated much of the wildlife population, in an effort to restore such populations so that they could continue ‘big game hunting.’

However, the withdrawal of European colonisers from Africa did not bring about a return to customary land tenure. Newly formed States often continued the land use and conservation policies of the colonisers, which demonstrates how deep colonial norms and knowledge systems had become institutionalised. Colonisation processes have always been accompanied by the idea that ‘nature’ is separate from humans, and that ‘civilisation’ is better than the unpredictable and unproductive ‘wilderness’. The idea of creating areas of ‘nature without humans’ is thus rooted in the racist and colonial thinking that only white ‘civilised’ men were able to protect and manage this ‘nature’. They and only they could enter this otherwise ‘human-free’ ‘nature’.

And we can observe that in many places, this idea persists even today. Safari tourism, for example, is simply a continuation of this tradition. Wealthy (predominantly white) tourists are paying large sums of money to stay in luxury hotels and receive permission to shoot animals (with guns or cameras) as trophies. Meanwhile, those populations that hunt for subsistence inside their territories-turned-park are labelled as poachers and criminalised. Such tourism relies on certain constructions of what ‘Africa’ means to those undertaking the safaris, which reveal the colonial mindset that created these reserves in the first place. That is why protected areas are mostly ‘people-free’ landscapes. People are rarely portrayed as an intrinsic part of nature, and if they are, they are depicted either as intruders or ‘poachers’, or as touristic landscapes for buying handcrafts or watching dances, or as guides or eco-guards working for a foreign company or NGO.

Most international conservation NGOs have facilitated this depiction of Indigenous Peoples as invaders in their own territories. This narrative has conveniently placed their focus on fighting against people using the forest for their own subsistence, instead of on the consumption patterns and economic interests of the supporters and funders of said NGOs.

The Serengeti National Park in Tanzania, for example, is arguably the best-known symbol of ‘Africa’s wild nature’. Yet, there is hardly any mention in the Park’s tourist propaganda on how the Serengeti was created: by evicting the Indigenous Maasai during colonial times from their ancestral territories. And this situation continues today. (1)

Mordecai Ogada, co-author of the book ‘The Big Conservation Lie’, explains in a 2021 interview that the geographical spaces of Protected Areas frequently work as colonies, with the difference that they are no longer under the management of an empire but of a network of elites with clear economic and political interests. (2) Those, he explains, are the colonisers with respect to conservation concessions. They enter such agreements with large sums of money and frequently influence any national policy that might impact their interests and managed areas. The power of these networks of colonisers is both physical –enforcing their rule and dominance on the ground- and political -having allies in the right places administering key governmental offices and funding positions, Ogada explained. On top of this, possible conflicts that may arise are easily brushed aside as not their responsibility; this is done by placing the burden on the ‘sovereign condition’ of national governments. These networks answer to donors, the tourist industry and tourists themselves, which are all mainly based in the global North. And they endure on the basis of images of peaceful landscapes, which in their imaginations are landscapes without people.

These networks also involve powerful business people with vested interests in financing conservation for offsetting their emissions or greenwashing their dirty and destructive activities. Recent examples include the internet retailer Amazon’s CEO Jeff Bezos and his ten-billion-dollar ‘Earth Fund’, with some of the biggest conservation NGOs receiving $100 million each in a first round of payments (3), and Swiss billionaire businessman Hansjörg Wyss’s donations to the so-called ‘30×30’ scheme (4), which aims for 30 per cent of the planet to be turned into Protected Areas by 2030.

Nowadays, the conservation industry is promoting the idea of ‘buying up’ conservation concessions (Protected Areas or Parks) and reconstituting them as business models with profit-seeking aims. A case in point is the ‘African Parks Network’ (APN), which manages 19 National Parks and Protected Areas in 11 countries in Africa.

The African Parks Network: Outsourcing Protected Areas to Private Companies

The ‘African Parks Network’ (APN) was founded by billionaire Dutch tycoon Paul Fentener van Vlissingen in the year 2000. Its founding name was the African Parks Foundation. Fentener comes from one of the Netherlands’ richest industrial dynasties and was CEO of the energy conglomerate SHV Holdings, which undertook business with the apartheid regime in South Africa. He allegedly had the idea for creating ‘African Parks’ after a dinner hosted by Nelson Mandela in the presence of Queen Beatrix of the Netherlands, at which the future of national parks in South Africa was discussed. For the billionaire, it was the perfect opportunity to restore his image, tainted by his activities during the apartheid regime. Initially created as a commercial company, ‘African Parks’ swapped this status for that of an NGO in 2005, in order to more easily attract donors and conservation funding. (5)

APN’s business model is based on a Public-Private Partnership (PPP) strategy for the management of Protected Areas, whereby APN maintains the full responsibility and execution of all management functions and is accountable to the government. APN employs a market approach to wildlife conservation, arguing that wildlife can pay for its conservation if ‘well managed’. It presents itself as an “African solution for Africa’s conservation challenges”. (6) However, behind the façade of APN is a large group of northern and southern governments, multilateral institutions, international conservation organisations, millionaire family foundations and individuals that fund its conservation business.

Since 2017, the president of the company is Prince Henry of Wales, otherwise known as Prince Harry, a member of the British royal family, who has helped in the acquisition of funding and partners.

APN controls a total area of 14.7 million hectares in Africa, about half the size of Italy, and it intends to expand even more in order to manage “30 parks by 2030 across 11 biomes, ensuring that 30 million hectares are well managed, thus contributing to the broader vision of having 30% of Africa’s unique landscapes protected in perpetuity”. Moreover, their roadmap to 2030 states that “10 more protected areas spanning a further five million hectares will be managed by select partners through our newly created ‘Incubator Programme’. These objectives are ambitious and will contribute significantly to the global target of protecting 30% of the Earth to keep the planet flourishing”. (7)

The Network also indicates its interest in selling carbon credits as an additional source of income. Although such credits basically facilitate more pollution and fossil fuel burning, the website of APN claims that its conservation model “represents an integrated nature-based solution to climate change (…). We secure the carbon captured in the plants and soil in places of high biodiversity value”. (8)

However, experiences on the ground reveal how this so-called Public-Private ‘partnership’ is in fact reinforcing and recreating oppressive power relations.

A 2016 academic study on the Majete Wildlife Reserve in Malawi is a case in point. (9) The reserve has been managed by APN since 2003, with a 25 year management concession. It was the first park to fall under APN’s administration. According to the concession they were granted, APN is supposed to involve community members in the management of the reserve. This includes consulting them in issues requiring critical decisions such as bringing new animals into the area, and allowing said members to access and use some of the resources in the reserve such as grass, fish and reeds.

While there is a formal and legal partnership between the Malawian government and APN on the sharing of proceeds, there is no formal or clear agreement between local communities and APN on how benefits are going to be shared out. The benefits for the communities are only indirect, by engaging in activities such as selling food and performing dances for a tourist public. APN argues that apart from physically accessing the resources from the game reserve, communities will benefit from wildlife conservation through employment, income-generating activities they are engaged in and via APN’s corporate responsibility initiatives. However, according to the research, communities are rarely allowed to fish, or to harvest honey or reeds in the game reserve. Instead, they are allowed to harvest only grass at specific times of the year, with the Park management putting forth the argument that communities are supposed to protect and conserve these areas, and that such harvesting disturbs the animals.

One woman interviewed for the research was reported as saying “we have lost control over our means of livelihood, but cannot also get employed by APN; we are prevented from accessing resources that we need for our daily subsistence life such as fish, mushrooms and honey.”

The same research also underlines how APN deceptively used local people to achieve its own goals, but in such a way as to be of no benefit to the community as a whole. For example, APN used a vague agreement with local chiefs (who were taken to other national parks for a tour) as justification to enforce an extension of the wildlife reserve to ancestral land that was being farmed by the communities. This left community members not only voiceless but also divided. This situation has been worsened even more by APN’s tactic to coerce families, and women in particular, by offering to cover their children’s school fees.

Interviews with local chiefs and leaders of community organisations also revealed that though they are informed about the new developments inside the reserve, they do not have any powers to object to APN’s management decisions. Consequently, they are forced to align themselves with the APN management for fear of jeopardising their relationship with the organisation.

The Odzala-Kokoua National Park in the Republic of Congo is another case that merits being highlighted. The Park, created in 1935 when the country was a French colony, appropriated the biggest forest area in the region with 1.35 million hectares. Since 2010, the management of this “nirvana for nature lovers”, as APN describes it, has been placed entirely in APN’s hands for a period of 25 years. The partners of the Park include groups such as WWF and the European Union.

APN partnered with the Congo Conservation Company (CCC), an enterprise created and funded by a German philanthropist, in order to undertake tourist business activities in the Odzala-Kokoua National Park. This includes three high-end lodges, which tourists can access by flying in on charter flights from the Congolese capital Brazzaville. However, very few inhabitants of Brazzaville have the possibility to enjoy such luxury tourism. A 4-day Odzala Gorilla Discovery Camp visit, for example, costs US$ 9,690 dollars per person.

While the Park was founded in 1935, APN states that “humans have occupied the area for 50,000 years”. The company notes that 12,000 people still live around the Park, “yet it is still one of the most biologically diverse and species-rich areas on the planet” (emphasis added). With this formulation, rather than recognising the inhabitants’ contribution towards keeping the forest standing after all these thousands of years, the company makes it clear that in its view, the presence of people is not compatible with the aim of conserving forests; it is despite the communities’ presence that there is still some remaining biodiversity. (10)

APN claims to protect the Park “with an enhanced eco-guard team and other law enforcement techniques”, besides investing in “changing human behaviour”. These claims and views on conservation make clear that for this Network and its funders and allies, people living in and around forests are considered a threat and that their conservation business can be run better without them.

In fact, according to a study about the historical relationship between communities and the Park’s management, an estimated 10,000 people were evicted following the Park’s creation in 1935, and have never been compensated for their loss. The study also points out that in spite of the more recent policy of APN that suggests ‘participation’ and ‘representation’ of communities in decision-making processes, the general feeling among the communities interviewed is that the Park has been set up not only by foreigners but also for foreigners. Some community members said: “We don’t want this park that gives us nothing and diminishes our livelihoods; it deprives us from our rights over the forest. Our rights to access resources and lands are very weakly respected”. Another person said: “Our game is seized by eco-guards. There is more misery and poverty, because not only are we unable to feed ourselves well, we also cannot sell a bit of game to buy basic products such as soap and petrol”. (11)

It should be no surprise that for more than 10 years, APN has shown an interest in exploring if the Odzala-Kokoua Park could be turned into a REDD+ project, because through the lens of such projects, communities are also considered a threat and blamed for deforestation. (12) Furthermore, there are no provisions for communities to receive a share of the profits from the sale of carbon credits.

For the WWF, people and not mining companies are threatening the forests

The Odzala-Kokoua National Park is not the only park in the region. It is part of what WWF calls the ‘Tridom Landscape’, an area covering 10 per cent of the whole Congo Basin rainforest, which includes another two Parks: the Dja Faunal Reserve in Cameroon and the Minkébé National Park in Gabon. But several large-scale projects are planned inside the ‘Tridom Landscape’, in particular an area of 150,000 hectares for iron ore mining concessions in the Cameroon-Congo border region. Due to the inaccessibility of said region, huge infrastructure investments must also be planned, such as roads, a railway to transport the minerals, and a hydro-dam for supplying the necessary electricity. The latter is called the Chollet Dam, named after a stretch of waterfalls on the Dja river, described by WWF itself as “a pristine site”. (13)

WWF has been practicing and conniving with persecution and eviction of Indigenous Peoples and other communities in the region in the name of ‘protecting’ nature. Yet, no similar measures have been announced by the NGO against the companies promoting mining, large-scale infrastructures and hydroelectric dams in this same area. The explanation can be found in a recent (rejected) project proposal that WWF presented to the EU to create yet another Protected Area, the Messok Dja Park.

In this proposal, WWF argues that it expects the mining companies to fund WWF in its ‘protection measures’ in the Triodom area. In other words, the new Park could be seen as an offset for the damage done by mining and its related infrastructure. On top of this, eco-guards supported by WWF have been involved in severe human rights violations, including beatings, torture, sexual abuse and even the killing of members of indigenous communities who live in Messok Dja, the new Park that is being proposed. (14)

The tremendous contradiction of persecuting those who have lived with and conserved forests while remaining silent about the mining companies’ plans, reveals the real interests of current ‘conservation’ policies, namely, the continuation of an overall destructive model based on the ideas and beliefs of colonisation processes and the colonisers, old and new. Solidarity with the communities that resist and face the impacts of ‘fortress conservation’ is imperative. Enterprises such as APN represent and reinforce these ‘fortress conservation’ beliefs and policies.

WRM International Secretariat

 

(1) REDD-Monitor, Stop the evictions of 70,000 Maasai in Loliondo, Tanzania, January 2022.
(2) Death in the Garden Podcast, Dr. Mordecai Ogada (Part 2) – A case for scrutinizing the climate narrative, November 2021
(3) CNBC, Jeff Bezos names first recipients of his $10 billion Earth Fund for combating climate change, November 2020
(4) The Nature Conservancy, 30×30: Protect 30% of the Planet’s Land and Water by 2030, February 2020.
(5) Le Monde Diplomatique, From apartheid to philanthropy, February 2020
(7) Idem (6)
(8) African Parks, Climate Action
(9) Sane Pashane Zuka, Brenda-Kanyika Zuka. Traitors Among Victims.
(10) WRM Bulletin, September 2021, The Sangha Region in the Republic of Congo.
(11) Rainforest Foundation, Protected areas in the Congo Basin: Failing both people and biodiversity?, 2016.
(12) REDD-Monitor, African Parks Network plans to sell carbon from Odzala-Kokoua National Park in Republic of Congo, 2011.
(13) REDD-Monitor, TRIDOM – one of the largest trans-boundary wildlife areas in Africa faces critical new threats. Far from protesting, conservationists are looking to cash-in on the destruction, 2022.
(14) Idem 13

Original Source:  World Rainforest Movement

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Global use of coal hit record high in 2024

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A coal power station in Ohio, US. Donald Trump has declared his support for coal and other fossil fuels. Photograph: Jason Whitman/NurPhoto/Shutterstock

Bleak report finds greenhouse gas emissions are still rising despite ‘exponential’ growth of renewables.

Coal use hit a record high around the world last year despite efforts to switch to clean energy, imperilling the world’s attempts to rein in global heating.

The share of coal in electricity generation dropped as renewable energy surged ahead. But the general increase in power demand meant that more coal was used overall, according to the annual State of Climate Action report, published on Wednesday.

The report painted a grim picture of the world’s chances of avoiding increasingly severe impacts from the climate crisis. Countries are falling behind the targets they have set for reducing greenhouse gas emissions, which have continued to rise, albeit at a lower rate than before.

Clea Schumer, a research associate at the World Resources Institute thinktank, which led the report, said: “There’s no doubt that we are largely doing the right things. We are just not moving fast enough. One of the most concerning findings from our assessment is that for the fifth report in our series in a row, efforts to phase out coal are well off track.”

If the world is to reach net zero carbon emissions by 2050, in order to limit global heating to 1.5C above preindustrial levels, as set out in the Paris climate agreement, then more sectors must use electricity instead of oil, gas or other fossil fuels.

But this will work only if the global electricity supply is shifted to a low-carbon footing. “The trouble is that a power system that relies on fossil fuels has huge cascading and knock-on effects,” said Schumer. “The message on this is crystal clear. We simply will not limit warming to 1.5C if coal use keeps breaking records.”

Though most governments are supposed to be aiming to “phase down” coal use after a commitment made in 2021, some are pushing ahead with the most polluting fuel. India’s prime minister, Narendra Modi, celebrated surpassing 1bn tonnes of coal production this year, and in the US Donald Trump has declared his support for coal and other fossil fuels.

Trump’s efforts to halt renewable energy projects, and remove funding and incentives for switching to low-carbon power sources, have largely not made themselves felt yet in the form of higher greenhouse gas emissions. But the report suggested these efforts would have an effect in future, though others, including China and the EU, could blunt the impact by continuing to favour renewables.

The good news is that renewable energy generation has grown “exponentially”, according to the report, which found solar to be “the fastest-growing power source in history”. This is still not enough, however: the annual growth rates of solar and wind power need to double for the world to make the emissions cuts needed by the end of this decade.

Sophie Boehm, a senior research associate at the WRI’s systems change lab and a lead author of the report, said: “There’s no question that the United States’ recent attacks on clean energy make it more challenging for the world to keep the Paris agreement goal within reach. But the broader transition is much bigger than any one country, and momentum is building across markets and emerging economies, where clean energy has become the cheapest, most reliable path to economic growth and energy security.”

The world is moving too slowly on improving energy efficiency, in particular cutting the carbon generated by heating buildings. Industrial emissions are also a concern: the steel sector has been increasing its “carbon intensity” – the carbon produced with each unit of steel manufactured – despite efforts in some countries to move to low-carbon methods.

Electrifying road transport is moving faster – more than one in five new vehicles sold last year was electric. In China, the share was closer to half.

The report also sounded a warning on the state of the world’s “carbon sinks” – forests, peatlands, wetlands, oceans and other natural features that store carbon. While nations have repeatedly pledged to protect their forests, they continue to be cut down, albeit at a slower rate in some areas. In 2024, more than 8m hectares (20m acres) of forest were permanently lost. That is lower than the high of nearly 11m hectares reached in 2017, but worse than the 7.8m hectares lost in 2021. The world needs to move nine times faster to halt deforestation than governments are managing, the report found.

World leaders and high-ranking officials will meet in Brazil next month for the Cop30 UN climate summit, to discuss how to put the world on track to stay within 1.5C of global heating in line with the 2015 Paris climate agreement. Each government is supposed to submit a detailed national plan on emissions cuts, called a “nationally determined contribution”. But it is already clear that those plans will be inadequate, so the key question will be how countries respond.

Source: theguardian.com

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The Environmental Crisis Is a Capitalist Crisis

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One of humanity’s greatest challenges today is the environmental crisis, which threatens our very existence. Our latest dossier explores its class character, showing that the climate catastrophe is a product of capitalism’s relentless drive for accumulation.

The photographs in this dossier were taken by Sebastião Salgado, one of Brazil’s – and the world’s – greatest photographers. He passed away in May 2025, leaving behind an artistic legacy inseparable from his commitment to humanity and the preservation of the environment. Salgado travelled the globe portraying peoples, territories, and workers with dignity, capturing life’s beauty while bearing witness to an era marked by capitalism’s brutality against humanity and nature. His photographs, like this dossier, remind us that we cannot remain mere spectators of destruction: we must be agents of change.

We are grateful to the team that safeguards his legacy and, in a spirit of solidarity, authorised the use of his images to enrich and strengthen this dossier.

Capitalism Will Not Solve the Environmental Crisis

The environmental crisis is one of the greatest challenges we face today. At its root lie the capitalist mode of production and the logic of capital accumulation pursued by the ruling classes of the Global North and South. The devastation wrought by capitalism is plain for all to see, as climate change intensifies and accelerates year after year, threatening the very existence of humanity. As Fidel Castro warned in his speech at the 1992 UN Conference on Environment and Development in Rio de Janeiro, ‘An important biological species is in danger of disappearing due to the rapid and progressive liquidation of its natural living conditions: humanity’.1

Many international organisations and bodies have sought solutions to the environmental crisis, but always within the framework of capitalism. In November 2025, the United Nations Climate Change Conference (COP30) will be held in Belém, Pará, in the Amazon region of Brazil. The Amazon is home to countless generations of Indigenous peoples who, through their interaction with nature, have allowed the planet’s most biodiverse ecosystem to flourish.

Today, the Amazon is the site of one of capitalism’s central contradictions: agribusiness destroys it by burning and clearing land to expand the agricultural frontier while the very same land is financialised by transnational corporations trading its territories as carbon reserves on stock exchanges. While the ruling classes insist on presenting the environmental crisis as a problem for all of humanity – without any class distinctions – we must not forget that the class contradictions inherent to capitalism are also reflected in the environmental question. In fact, those most affected by climate disasters are the urban and rural poor, who live under precarious conditions in hazard-prone areas.

One of the main tasks in the battle of ideas is therefore to politicise the debate around the environmental crisis by showing its class character – something that is urgently needed, as reflected by a recent survey that found that more than 30% of Brazil’s population is unaware of climate change, with this figure rising to over 50% among the lowest income groups.2

In light of this reality, this dossier seeks to popularise the debate on the environmental crisis from a Brazilian and Global South perspective in dialogue with working-class organisations. In this dossier, we analyse the causes of the environmental crisis and examine, and critique, proposals for a transition to a low-carbon economy. By seeking alternatives within capitalism, such proposals create new forms of accumulation without resolving the root problem. Finally, we present popular solutions to the crisis along with a set of demands that have emerged from the accumulated experience of Brazil’s popular movements.


Serra Pelada Goldmine, Pará, Brazil, 1986. © Sebastião Salgado

The Destruction of Life and the Logic of Capital

Climate change is the most visible and urgent aspect of the environmental crisis. Chemical pollution, loss of soil cover, ocean acidification, biome destruction, and the loss of biodiversity are also fundamental dimensions of the crisis. As Vijay Prashad rightly pointed out:

One million of the estimated eight million species of plants and animals on the planet are threatened with extinction. The main threat to the majority of species at risk of extinction is biodiversity loss caused by the capitalist agribusiness system of food production. Agricultural production – currently accounting for more than 30% of the world’s habitable land surface – is responsible for 86% of projected losses in terrestrial biodiversity because of land conversion, pollution, and soil degradation.3

The environmental crisis manifests in ways that underscore its inseparability from the class struggle. We see this in the floods that devastated southern Brazil in 2024; the heatwave and then floods that hit Pakistan in 2022, leaving millions homeless while elites remained protected; the 2018 floods in Kerala, India; the 2022 flooding and blackouts in Cuba caused by Hurricane Ian – a phenomenon intensified by rising ocean temperatures; and the increasingly extreme cycles of floods and droughts in the Horn of Africa. From 2019 to 2020, Ethiopia, Kenya, and Somalia faced heavy rains followed by devastating floods. From 2020 to 2023, these countries faced one of the longest droughts in the past seventy years, only to be hit by new floods in 2023–2024. These instances show that the environmental crisis is deepening.4

The main factor driving climate change is the high level of greenhouse gas (GHG) emissions from fossil fuels as energy consumption from these fuels continues to rise year after year. If we take a closer look at global emission levels, the data once again speaks volumes: the richest 10% are responsible for nearly twenty times more emissions than the poorest 50%.5

Moreover, both historic and current GHG emissions are directly linked to inequality – not only between the Global North and South but also between the richest and poorest segments of the global population. According to the Global Carbon Project, the twenty-three most developed countries account for half of all CO2 emissions since 1850. The United States alone has emitted 24.6% of all carbon released into the atmosphere, followed by Germany (5.5%), the United Kingdom (4.4%), and Japan (3.9%). The other half of emissions is spread across more than 150 countries.6

Recent data shows that this reality has not changed: according to a 2022 study by Climate Watch, the World Resources Institute’s data platform, the ten largest emitters are still responsible for 76% of global CO2 emissions. In 2022 China was the largest emitter of CO2, followed by the United States, India, Russia, and Japan, which would make Asia the planet’s biggest emitter today.7

However, because the populations of countries such as China and India are much larger than those of the United States, European countries, Japan, or Australia, measured in per capita emissions the United States is by far the world’s largest CO2 emitter, with a per capita rate twice that of China and eight times higher than India’s.8

Globally, the fossil fuel industry is the largest emitter of CO2, with roughly one hundred companies responsible for 71% of global historical CO2 emissions, according to a Carbon Majors report published in 2017.9

Among them are giants such as ExxonMobil, Shell, BHP Billiton, and Gazprom. Another 2019 study by the Climate Accountability Institute found that just twenty companies have been responsible for one-third of all global CO2 emissions since 1965.10

Agribusiness is another structural driver of GHG emissions. In 2023 alone, 3.7 million hectares of forest were cleared worldwide, largely for cattle ranching and industrial crops. Over the past twenty years, the sector’s production chain – from fertilisers to processing and transport – has increased its emissions by 130%.11

Though the energy sector accounts for approximately three-quarters of GHG emissions on a global scale, it is worth taking a closer look at countries where raw materials dominate exports. Brazil is a striking example of this: according to the Plan for Ecological Transformation published by the Ministry of Finance, agribusiness is the country’s largest source of GHG emissions, directly accounting for 29% of the total. Deforestation-related emissions add another 38%, with livestock and agriculture responsible for about 96% of deforested land, according to the 2022 Annual Deforestation Report. Taken together, agribusiness is responsible for roughly 67% of Brazil’s total GHG emissions, compared to just 23% from energy generation.12

Predatory extractive practices also play a major role, especially in Global South countries, from mining to the purchase of natural and Indigenous reserve lands by foreign interests as carbon market assets.

Despite regional and national differences, what is clear is that climate change and the destruction of nature are direct consequences of the logic of capital accumulation advanced by the ruling classes.

Kuningan District, Jakarta, Indonesia, 1996. © Sebastião Salgado

Green Capitalism: Supposed Alternatives to the Environmental Crisis

Various socialist currents have raised ecological concerns since the early days of capitalism, from the nineteenth-century socialist and artist William Morris to the environmental and countercultural movements of the mid-twentieth century. Yet it was only in the 1970s, more than a century after the first industries appeared, that the environment became a matter of concern for nation-states and began to gain prominence on the international political agenda. The 1972 United Nations Conference on the Human Environment, held in Stockholm, Sweden, was a milestone in advancing the environmental question. As Andrei Cornetta notes:

In addition to population growth in a context of resource scarcity, [the conference] also discussed how to bring various forms of [water, air, and soil] pollution under control at a time when the global energy crisis was on the agenda, especially after the impact of the oil shock of 1973.13

Despite the urgency of the environmental question, no new forms of organising production or relating to nature were proposed at the conference: rather, all alternatives fit within the capitalist mode of production. Meanwhile, growing social and economic inequality between the imperialist core and the dependent periphery sharpened the debate, especially regarding whether to continue developing or to restructure the industrial model along ‘zero growth’ lines.14

In 1979, the First World Climate Conference in Geneva acknowledged the seriousness of ongoing climate change. It was not until 1992 that the Second United Nations Conference on Environment and Development took place in Rio de Janeiro, where a multilateral agenda to address the climate question was proposed. This agenda entered into force in 1994 and served as the precursor to the Conference of the Parties (COP), the decision-making body for the United Nations Framework Convention on Climate Change which meets biennially to review and advance the convention.

Among the many outcomes of the COP process, two stand out. First, the Kyoto Protocol, adopted after COP 3 in 1997, which set binding quantitative targets for reducing GHG emissions for Annex I countries (those that had been industrialised the longest). Second, the Paris Agreement, adopted after COP 21 in 2015, which required signatory countries to set their own emission reduction targets, known as Intended Nationally Determined Contributions.15

However, the targets were never met and both the Kyoto and Paris agreements ended up as failures.

In response to the urgency of climate change, some states have promoted a transition to a low-carbon economy aimed at reducing the amount of harmful GHG emissions – without, of course, touching the profits of major corporations and the capitalist core. From this approach emerged so-called ‘green capitalism’ alternatives, including carbon markets, offset schemes, and energy transition policies.

The Kyoto Protocol emission targets, initially intended to curb air pollution, soon became the basis for a new form of capital accumulation via so-called carbon credits16

that are traded on stock exchanges and function as a kind of ‘license to pollute’.17

This system involves not only financial capital but also significant technological and scientific developments that measure and calculate carbon emissions. They also project potential reductions by modelling what emissions would have been in the absence of offset activities. These offset schemes include reducing emissions caused by deforestation and forest degradation as well as promoting forest conservation, sustainable management, and an increase in forest carbon stocks. However, in practice, once companies exceed their GHG emission limits, they can buy carbon credits on the stock exchange to offset their emissions. Thus, the biophysical process by which plants absorb carbon from the air and convert it to oxygen through photosynthesis – a natural function of plant life and part of the commons – is turned into a commodity.

The main contradiction of green capitalism is that the same agribusiness, oil, and mining transnational corporations that shape the environmental agenda in international bodies and national governments are also those that most aggressively exploit the commons. The agribusiness sector, which drives deforestation and burning in the Cerrado and Amazon biomes18

in order to expand the agricultural frontier, also touts the digitalisation of its production chains, which certify that its products are deforestation-free and decarbonised. Similarly, oil corporations are involved in energy transition policies, and mining companies promote carbon market schemes.

In Brazil, agribusiness – the main source of the country’s GHG emissions – has made sustainability a central theme of its ideological campaign. Far from a genuine commitment to sustainability, this serves as a way to expand into other sectors, increase political influence, and boost profits.19

The agribusiness model – based on large-scale monocultures and the extensive use of pesticides – is among the most damaging to the environment. Yet while companies pursue new avenues of profit through the financialisation of nature and a discourse of sustainability, their production model has not changed; on the contrary, it continues to drive deforestation, burning, and the poisoning of soil, water, and air.

By playing an active role in advancing false solutions to the environmental crisis, the very sectors that most damage the environment have found new ways to profit from the financialisation of nature. These sectors are present not only in government ministries across many countries, but also in international climate bodies and conferences such as the COP. The environmental agenda has long been captured by transnational corporations, and the alternatives they propose never challenge the profit rates of big capital. Brazilian agribusiness, with its rhetoric of sustainability, is among the key players in these international bodies. Brazilian companies such as Suzano Papel e Celulose,20

the food multinational JBS, and the mining corporation Vale all play a major role in ‘sustainability’ projects and the carbon market. For them, offset schemes have become a lucrative form of capital accumulation.

Take, for example, the Maísa project in the Brazilian state of Pará, run by the leading carbon market certifier Verra. The project was meant to preserve a 26,000-hectare stretch of the Amazon rainforest that included the Sipasa Farm, yet the designated protection area later became a mining site, and in early 2024 sixteen farm workers were rescued from conditions comparable to slavery. The fallacy – and failure – of such projects is clear: they serve transnational giants like iFood, Uber, Spotify, Audi, and Google, which pour millions of dollars into offset schemes to cover the emissions generated by their own activities.21

In addition to commodifying one of nature’s commons, projects like Maísa harm biodiversity and undermine the way of life of Indigenous communities who, through the labour of countless generations, have helped shape these forests and their biodiversity. By promoting solutions that fail to confront the destructive logic of capitalist accumulation, such schemes destroy ways of life that have coexisted in harmony with nature for millennia.

The 2019 report by the Intergovernmental Science-Policy Platform on Biodiversity and Ecosystem Services paints an alarming picture of ecological collapse brought on by such projects:

One million of the roughly eight million plants and animal species are threatened with extinction; human activity has driven at least 680 vertebrate species to extinction since 1500, while global populations of vertebrate species have fallen by 68% over the last fifty years; the abundance of wild insects has fallen by 50%; and by 2016, more than 9% of all domesticated mammal breeds used in food and agriculture had gone extinct, with another thousand breeds now facing extinction.22

One thing is clear: there are no capitalist solutions to a crisis created by capitalism. If we are to save the Earth and humanity, the answers must come from beyond capitalism.

Cuiabá Farm, Xingó Backlands, Sergipe, Brazil, 1996. © Sebastião Salgado

Popular Perspectives on the Environmental Question

At the 1992 UN Conference on Environment and Development in Rio de Janeiro, Fidel Castro underscored the urgency of the environmental crisis from an emancipatory perspective and condemned the unjust economic and social order between dependent countries in the periphery and those at the capitalist core:

It must be said that consumer societies are primarily responsible for the atrocious destruction of the environment… With only 20% of the world’s population, they consume two-thirds of the metals and three-quarters of the energy produced worldwide. They have poisoned the seas and rivers, polluted the air, weakened and perforated the ozone layer, and saturated the atmosphere with gases that alter the climate with catastrophic effects from which we are already beginning to suffer… It is impossible to blame this on the countries of the Third World – yesterday’s colonies, today’s exploited and plundered nations by an unjust world economic order… If we are to save humanity from this self-destruction, we must achieve a fairer distribution of the wealth and technology available on the planet – less luxury and less waste in a few countries so that there may be less poverty and less hunger across much of the Earth.23

What is at stake is nothing less than the survival of human life on Earth. The environmental crisis is a product of the crisis of capital, which not only fails to resolve problems such as hunger and inequality but deepens them while relentlessly seeking new ways to generate profit for the ruling classes. The environmental struggle must therefore be waged as a direct confrontation with, and ultimate overcoming of, the capitalist mode of production. Unless we challenge the logic of capital – based on the exploitation of working-class labour and the plunder of the Global South – we will not be able to confront the environmental crisis.

The struggle for climate justice must combat not only inequality between the Global North and South but also environmental racism, as it is the poorest, and disproportionately Black and Brown, populations in the Global South that are the most exposed to the effects of the environmental crisis. In Brazil, for example, a study found traces of glyphosate – one of the most widely used pesticides in agribusiness – in breast milk across several regions. Meanwhile, the environmental crimes committed by the mining transnationals Samarco, Vale, and BHP Billiton in the cities of Mariana (2015) and Brumadinho (2019), in Minas Gerais state, not only killed nearly 300 people but also devastated the biodiversity of the Doce River, which runs through Minas Gerais and Espírito Santo, disrupting the way of life of numerous comunidades ribeirinhas<24 (river communities).25

Brazil’s Black population, which is concentrated in urban peripheries, is also disproportionately affected by the environmental crisis, such as in the form of frequent floods and landslides. Women, too, are more acutely impacted than the general population; in rural areas, for example, it often falls on them to handle the pesticides that the agribusiness production model imposes on peasant families. Environmental and climate justice movements must therefore build close connections with antiracist and feminist struggles. The environmental crisis cannot be solved without confronting all forms of social inequality, from racism to patriarchy.

Among the many fronts of struggle, peasant movements linked to La Vía Campesina stand out. Their agenda calls for:

  1. Popular Agrarian Reform and the Defence of Peasant and Indigenous Territories. Popular Agrarian Reform is the struggle to democratise access to land, directly confront latifundios (large, landed estates), and combat the concentration of land in the hands of the few. This demand goes beyond land redistribution: it challenges the agribusiness model that commodifies nature and deepens the environmental crisis. The struggle for land is tied to the protection of Indigenous and quilombola lands, recognising land concentration as a colonial legacy that must be overcome. By defending peasant and Indigenous territories, La Vía Campesina seeks to ensure that land fulfils its social function as a space for life, work, and cultural reproduction rather than being reduced to a financial asset.
  2. Food Sovereignty. Food sovereignty is the right of peoples to decide what to produce, as well as for whom and how to produce it, and to guarantee access to healthy and culturally appropriate food. It stands in opposition to the logic of agribusiness, which prioritises export commodities over feeding the people. To achieve food sovereignty, it is essential to support regional food cultures, strengthen short supply chains, and prevent food production from being controlled by large corporations. In order to achieve food sovereignty, public policies must be enacted that strengthen peasant agriculture and ensure that food is treated as a right, not a business; such policies include mandating the institutional purchase of agroecological products and support of those markets.
  3. Agroecology. Agroecology calls for a radical change in the technological model of agriculture, replacing the predatory system of agribusiness with diversified forms of production that are in harmony with nature. This includes the use of bio-inputs, agroforestry, and sustainable soil management, which create biodiverse environments that are resilient to climate change. Beyond its technical dimension, agroecology is a political practice that builds new relationships between human beings and nature based on cooperation, peasant autonomy, and the recovery of traditional knowledge.
  4. Care for the Commons. Water, minerals, seeds, land, and biodiversity are not mere ‘natural resources’ or ‘raw materials’ to be exploited: they are commons that are essential to life. Protecting the commons is central to building a popular project for the countryside in which nature is not commodified but rather cared for as collective heritage, ensuring their care for current and future generations.

A central component of Brazil’s Landless Workers’ Movement (MST) is to plant trees and produce healthy food. This is an integral part of building popular agrarian reform, since overcoming the environmental crisis will only be possible through a new model of rural production based on agroecology and new social relations that overcome patriarchy, racism, and LGBTphobia while fostering cooperation and solidarity. As MST leader João Pedro Stédile said about the particular challenges that Brazil faces with respect to the environmental crisis (though his words apply to the Global South more broadly):

We need zero deforestation. There is no need to cut down a single tree to meet the people’s needs. We must ban the export of timber and gold and impose strict controls over mining activities and their environmental impacts. The country needs a publicly funded national reforestation plan to recover millions of hectares throughout the territory. To tackle pollution, mitigate rising temperatures, and confront the problem of individual transportation powered by fossil fuels, we must provide a plan for free, high-quality mass public transport, reforest major cities, and expand the use of solar energy in as many productive activities as possible. In the countryside, agrarian reform must advance with a national agroecology programme that produces healthy food free of agrotoxins for all the people.26

Another perspective that has emerged from social struggles in Latin America, especially in Ecuador and Bolivia, is buen vivir (good living), whose principles were incorporated into the new constitutions of both countries under presidents Rafael Correa and Evo Morales, respectively. Drawing on Indigenous traditions, buen vivir challenges capitalist notions of progress and development and is based on five principles: 1) a holistic vision, or Pacha;27

2) embracing multipolarity; 3) the search for balance; 4) the complementarity of diversity; and 5) decolonisation.28

Ecosocialism, for its part, is a political and theoretical current that combines socialism with radical ecology, criticising both capitalism and traditional socialism for ignoring the planet’s ecological limits. It aims to build an egalitarian and sustainable society in which the economy is reorganised to meet human needs without destroying the environment. For Michael Löwy, one of ecosocialism’s leading theorists, the central dilemma facing the working classes in the twenty-first century is the environmental crisis, which must be addressed from a socialist perspective that conceives of a new mode of production attuned to ecological challenges.

The environmental crisis will not be resolved by the ruling classes. This is the task of the rural and urban working classes. We must create another way of producing and reproducing life that is based on healthy relations between human beings and the environment and built through popular organisation. This path forward must expose the true culprits of the crisis and advance proposals that prioritise all forms of life over profit.

Pico da Neblina, Yanomami Indigenous Territory, Amazonas, Brazil, 2014. © Sebastião Salgado

A Minimum Agenda to Confront the Environmental Crisis

Brazil’s popular movements understand the need to wage struggles on multiple fronts. Despite the limits of the COPs and the negotiations held there, popular movements recognise that it is essential to pressure their governments to secure a minimum agenda that holds the social classes and countries most responsible for pollution accountable and combats the climate catastrophe driven by capitalism. In this spirit, working alongside the MST, we created an agenda to confront the environmental crisis:

I. Compliance with and Advancement of International Agreements

  • Building on the agreements of the 1992 United Nations Conference on Environment and Development, which established the principle of ‘common but differentiated responsibilities’, compel Global North countries – which bear historical responsibility for the climate crisis – to rapidly cut their carbon emissions and prevent global temperatures from rising above the critical 1.5°C threshold.
  • Ensure that Global North countries provide climate compensation to Global South countries for the losses and damages caused by their carbon emissions and provide substantial funding for public infrastructure to replace reliance on carbon-based energy.
  • Fulfil the Paris Agreement pledge that Global North countries provide $100 billion annually to meet the needs of Global South countries, particularly for policies that mitigate the real and disastrous impacts of climate change that they are already experiencing (especially low-lying nations and small island states). These resources must come in the form of grants directly transferred to subnational projects for forest protection and restoration. Since loans are not transfers of resources, they should not be considered to fit within the scope of the Paris Agreement, though this has often been the case. These funds should serve as instruments of climate justice, not as pretexts for financial sector profit obtained through private or multilateral development banks.
  • Transfer technology and financing to Global South countries to phase out carbon-based energy systems and build alternatives based on sovereign national strategies.
  • Hold Global North countries accountable for polluting water, soil, and air with toxic and hazardous waste – including nuclear waste – such as by making them bear the costs of cleanup and by prohibiting technologies and modes of production that generate such waste.

II. A Planned and Just Energy Transition with Social Participation

An energy transition programme is needed to adapt carbon-based energy systems in order to mitigate their environmental impact. It must be carefully planned, carried out with broad social participation, and supported by financing channels for Global South countries that respond to their specific needs. In addition, it must diversify the energy grid, improve energy efficiency, and guarantee the raw material supply needed for any future energy transition. This programme must:

  • End direct and indirect government subsidies for the fossil fuel industry.
  • Aggressively increase taxes on emissions and polluting products.
  • Prohibit the financial sector’s participation in the fossil fuel industry in order to prevent any transition from being driven by financial speculation.
  • Receive state investments in order to combat the climate catastrophe, protect and support affected populations, and restore the environment, as well as guarantee that such investments will not be restricted or undermined by local or international austerity policies. It is the responsibility of states to safeguard the rights of populations affected by these projects.

III. Protection of and Support for Peasant Agriculture and Food Sovereignty

  • Implement comprehensive agrarian reforms that decentralise and democratise access to land, making it feasible for peasants to return to the countryside, and replace destructive agribusiness practices with agroecological production.
  • Build and support mechanisms that spread and aid with the implementation of agroecology by providing technical assistance and financing for peasant farmers.
  • Eliminate synthetic agrotoxins by 2035 and reduce synthetic fertilisers by half within the same period.
  • Support the widespread use of bio-inputs for agroecological farming by creating bio-factories (community facilities that produce and reproduce natural inputs such as biofertilisers and biopesticides). Provide the necessary equipment for their use and guarantee free technical assistance for farmers.29
  • Protect peasants’ rights to biodiverse seeds. Guarantee the intellectual property rights of Indigenous and traditional communities by combatting biopiracy and the appropriation of our knowledge and practices.
  • Restructure livestock farming so that herd sizes and practices correspond to land capacity and food demand – not to the demands of the market.
  • Ban all unproven agricultural technologies and eliminate all public subsidies for harmful practices and products.
  • Adopt public policies that regulate and protect agricultural markets and the right to healthy, culturally appropriate food.
  • Prioritise agroecological products in government food-purchasing programmes.
  • Establish legislation to protect agroecological production zones, creating areas free from poisons, GMOs, and aerial spraying.
  • Require governments to conduct studies that assess the need to rethink agricultural and livestock activities in response to global warming. This includes creating new agroclimatic maps and developing policies that protect biodiversity and ecosystem services.30

    These studies must also involve, in a meaningful way, the communities rooted in each territory and draw on their culture and expertise.

  • Ensure that technological products and processes used in rural areas are reassessed every five years, drawing on the participation of civil society representatives.

IV. Effective Policies for Reforestation and Combatting Deforestation

  • Take all necessary measures to prevent the Amazon from reaching its point of no return, such as by protecting 80% of its territory by 2026.
  • Halt all illegal deforestation by 2026.
  • Achieve zero legal deforestation by 2027.
  • Halt the expansion of the agricultural frontier by sanctioning companies and individuals responsible for land grabbing, displacing forest-dwelling peoples, and producing goods that drive deforestation, degradation, and pollution.
  • Prohibit funds from the Paris Agreement from being channelled to agribusiness, mining, or false solutions like replanting and offset schemes in protected areas.
  • Repeal legal instruments that promote the destruction of the Amazon.
  • Rehabilitate, recover, and restore deforested and degraded areas.
  • Ensure that all Indigenous, Afro-descendant, quilombola, and traditional communities in the Amazon are given titles to their ancestral lands as well as full legal and physical protection of their collective ownership of these lands.
  • Guarantee respect for the territorial rights of isolated Indigenous peoples and implement a gender perspective in the distribution of land titles.
  • Strengthen alternatives for an agroecological transition as well as community-based agroforestry production and ecotourism.
  • Guarantee the meaningful participation of forest-dwelling peoples in every stage of the energy production chain – including planning, management, and governance – as part of building a just, popular, and comprehensive energy transition.
  • Ban subsidies, investments, and financial credits for projects that destroy forests.
  • Classify ecocide as a crime in national legislation and ensure the punishment of all environmental crimes.
  • Prosecute corporations and companies responsible for environmental disasters in their countries of origin and require them to repair the damage done to nature and affected peoples.
  • Promote financing for projects that protect the Amazon and other forests of the Global South, ensuring that all debt-for-climate or debt-for-nature swaps are: a) comprehensive, transparent, direct, and carried out with the participation of the peoples of the Amazon in ways that are self-determined, self-organised, and self-managed; b) embedded in current financing mechanisms with guaranteed participation, oversight, and social accountability to prevent abuse, waste, and corruption; and c) designed to ensure that nature is not commodified.
  • Establish a carbon tax on major polluting industries and agribusinesses, directing the revenue toward protecting the Amazon and other forests of the Global South.
  • Ban forest offsets and other forms of financial speculation and false market solutions in these territories.
  • Require governments to implement large-scale reforestation projects, the countryside, and cities and to support the production and distribution of seedlings and the restoration of degraded areas.

V. Proper Planning and Management of Water Resources

  • Use water efficiently, prioritising human and animal consumption and agroecological production over corporate interests.
  • Manage aquatic systems to include the creation of protected areas that safeguard the health of river basins.
  • Subsidise agroforestry, with an emphasis on food production in family farming units connected to food supply systems.

VI. Restrictions on Mining

  • Immediately halt and combat illegal mining.
  • Reduce mercury use in mining each year until it is fully eliminated.
  • Ban mining in Indigenous, ancestral, and communal territories.
  • Establish plans to restore areas degraded by mining.
  • Implement remediation plans for ecosystems and communities affected by mercury and other mining impacts.
  • Create monitoring systems and penalties for activities that compromise surface and groundwater quality.

Read full dossier : thetricontinental.org

 

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SPECIAL REPORTS AND PROJECTS

Top 10 agribusiness giants: corporate concentration in food & farming in 2025

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ETC Group’s 2022 publication “Food Barons” exposed the increasing concentration of corporate power in the industrial food system.1 It documented the rise of mergers and acquisitions, the increasing influence of finance capital, and the penetration of digitalisation and other disruptive technologies across corporate supply chains.2
During the Covid pandemic and the subsequent outbreak of war in Ukraine, these corporations showed how, during times of global shocks or crises, they could use their monopoly power to make obscene profits, with huge impacts on people the world over.3
Three years later, war persists in Ukraine and new wars and genocides are raging in Palestine, Sudan and the DR Congo. The US is pursuing a global trade war, global temperatures are smashing record highs, and diseases with pandemic potential (like bird flu) are still a cause of major disruptions.4 The situation is as volatile as ever and, yet, corporate concentration in the food system has only continued unabated.5
In this report, we examine the state of corporate concentration in six sectors critical to agriculture: commercial seeds, pesticides, synthetic fertilisers, farm machinery, animal pharmaceuticals and livestock genetics. Corporate consolidation has increased in most of these sectors and four of them– seeds, pesticides, agricultural machinery and animal pharmaceuticals– meet the definition of an oligopoly, in which four companies control more than 40% of a market.6 Concentration can be even higher at the national level, as is the case with synthetic fertilisers. In livestock genetics, where publicly available information is scarce, we focus on poultry – the largest sector within the meat industry – and its extreme and long-standing levels of corporate concentration.
This report also highlights corporate investment in new technologies, like digital platforms, artificial intelligence (AI) and gene editing, which are likely to deepen corporate power in the food system. It also looks at how they are buying up smaller companies in newly relevant sectors, and forging alliances with Big Tech companies and other corporations in the food sector to expand their dominance from seeds to supermarkets.7
Concentration gives corporations more power to dictate prices and lobby policy makers. They can use this power to disrupt scientific research, block regulations that protect people’s health and the environment, and undermine democratic participation in the shaping of food systems.8 Concentration increases their ability to crush alternatives and ensure the expansion of a model of agriculture that is immensely profitable for them while being hugely destructive for people and the planet. The industrial food system is responsible for a third of global greenhouse gas emissions and it is the leading source of soil and water pollution and biodiversity loss.9 It destroys local food systems and economies, displaces peasants and indigenous peoples from their territories and forces them to migrate far from their homes. It is also built on the severe exploitation of workers.10
Actions are urgently needed to take down the monopoly power of these corporations and to get power back into the hands of the world’s food producers, workers and consumers.
click on image for better resolution
Commercial seeds and pesticides11
The commercial seed sector refers to crop seeds (primarily proprietary field crop and vegetable seeds) sold via the commercial market and genetically modified crop traits. Farmer-saved seed and seed supplied by governments and public institutions are not included.
The pesticides sector includes herbicides, insecticides and fungicides which are different types of agrochemical products that target weeds, insects and fungi, respectively.
The slate of top companies in commercial seeds and pesticides are unchanged from 2022: BASF, Bayer, Corteva and Syngenta.12 They control 56% of the global seeds market (Bayer alone accounts for 23% of it), and 61% of the pesticides market (see Tables 1 and 2).
Compared to 2020, the revenues of these companies have increased significantly. But for Bayer all is not as well as it seems. Battered by an 80% decline in its share price since acquiring Monsanto in 2018, it initiated a restructuring in 2023, laying off about 7,000 employees to cut costs.13 Bayer’s financial problems are a result of multiple failures in court where juries have agreed with plaintiffs arguing that the company’s Roundup herbicide caused their cancers. It settled many claims in 2020 through a US$10.9 billion payout, but some 58,000 claims are pending.14 In April 2025, it was reported that Bayer might stop manufacturing glyphosate if it does not obtain court protection in the US against these lawsuits.15
The seed corporations continue their focus on genetically modified crops, and have introduced some new varieties, such as Bayer’s shorter “smart” GM maize and BASF’s GM soybeans resistant to soybean cyst nematodes.16 They are also increasingly integrating artificial intelligence (AI) into their plant breeding. For example, Syngenta has a partnership with InstaDeep, a UK based company now acquired by the German biotechnology company BioNTech. The aim is to use AI technology to “learn the language of plant DNA” and make predictions on how different genetic sequences perform and how to alter their performance.17 Bayer claims that using AI to analyse genomic data has shortened breeding cycles from 5-6 years to only 4 months.18
Table 1. Top 9 corporations in the commercial seeds sector
Ranking
Company (Headquarters)
Sales in 2023
(US$ millions)
% Global market share 19
1
Bayer (Germany)20
11,613
23
2
Corteva (US)21
9,472
19
3
Syngenta (China/Switzerland)22
4,751
10
4
BASF (Germany)23
2,122
4
Total top 4
27,958
56
5
Vilmorin & Cie (Groupe Limagrain) (France)24
1,984
4
6
KWS (Germany)25
1,815
4
7
DLF Seeds (Denmark)26
838
2
8
Sakata Seeds (Japan)27
649
1
9
Kaneko Seeds (Japan)28
451
0.9
Total top 9
33,695
67
Total world market29
50,000
100%
Another rapidly growing area of investment is biological pesticides and fertilisers.30 Biologicals (or bioinputs) describe a range of products derived from biological processes (as opposed to chemical synthesis), such as pesticides sprayed on crops or stimulants applied to soils to increase plant growth. But there is no standard definition, and regulations of these products are lax.31 According to industry estimates, the biologicals market is expected to grow to nearly US$22 billion by 2032, with an estimate of 1,200 companies engaged in the sector.32 All of the top pesticide companies are now heavily investing in it in order to ensure their dominance. Corteva, for example, recently bought up two biological manufacturers, Stoller and Symborg, while Syngenta signed a partnership with a Belgian startup to develop biostimulants.33 Biologicals’ sales by Bayer amounted to US$214 million in 2022, while in 2023, Corteva reported US$420 million in sales and Syngenta US$400 million.34
The top pesticide companies clearly state that their biological products are not meant to replace “traditional crop protection products” but, rather, to be used alongside them. Moreover, while the companies describe their biologicals as “natural products”, this can be misleading because the label is ambiguous and these products raise biosafety issues and can involve genetically modified microorganisms.35
Biologicals are part of a larger move by the top pesticide and seed corporations into what they call “regenerative agriculture”. This refers to a vaguely defined set of practices that can also include cover cropping, reduced tillage, crop rotation, genetically modified seeds, biologicals, and digital agriculture. Corporations claimwithout convincing scientific evidence, that their model of regenerative agriculture will sequester carbon into soils, among other benefits.36 Corporate regenerative agriculture programmes ensure companies the extraction of valuable agricultural data from farmers, giving them a competitive advantage in the market.37 The carbon credits generated by farmers are bought by companies that wish to continue their polluting operations and not reduce their greenhouse gas emissions.
Bayer sees a US$100 billion opportunity in the shift to regenerative agriculture through biologicals, agrofuels, digital agriculture and carbon farming.38 The growing focus on regenerative agriculture is driving collaborations and partnerships across the industrial food chain. While Syngenta has partnered with Pepsico, McDonalds and Lopez Foods to promote regenerative agriculture, BASF has initiated a project to assess the feasibility of a ‘nature-market’ among soybean farmers in Brazil.39
Digital technologies are central to corporate regenerative agriculture programmes. To derive commercial benefits from those, presumed impacts like reduced greenhouse gases and carbon sequestered in soils need to be measured at scale using digital tools. The top seed and agrochemical companies have their own proprietary digital platforms via which they obtain publicly available agricultural data, data from satellites, sensors, farm equipment, data from their own R&D wings and data that farmers share with these platforms.40 In the case of Bayer, it extracts data from more than 89 million hectares across 20 countries that are subscribed to its Climate FieldView platform. Syngenta’s digital platform covers about 88 million hectares across the world.41 The top agribusiness companies’ digital agriculture technologies are inextricably linked to Big Tech’s cloud servers and databases.42
The digital technologies that Big Ag are rolling out “assist” farmers in deciding when to plant their seeds, what type of seeds to use, how much and what kind of pesticides to spray. They claim to be able to predict disease outbreaks, measure soil health and even estimate yields. Farmers who are enrolled in these programmes have to adopt specific agricultural practices to be eligible to earn money from the production of carbon credits. These digital platforms allow corporations to effectively dictate agricultural practices and push their products on millions of hectares across the world.
 
Table 2. Top 10 corporations in the pesticides sector
Ranking
Company (Headquarters)
Sales in 2023
(US$ millions)
% Global market share
1
Syngenta (China/Switzerland)43
20,066
25
2
Bayer (Germany)44
11,860
15
3
BASF (Germany)45
8,793
11
4
Corteva (US)46
7,754
10
Total top 4
48,472
61
5
UPL (India)47
5,925
8
6
FMC (Germany)48
4,487
6
7
Sumitomo (Japan)49
3,824
5
8
Nufarm (Australia)50
2,056
3
9
Rainbow Agro (China)51
1,623
2
10
Jiangsu Yangnong Chemical Co., Ltd. (China)52
1,595
2
Total top 10
67,982
86
Total world market53
79,000
100
Another emerging set of alliances in this sector is between commodity trading corporations and fossil fuel companies. For example, Corteva has a partnership to develop canola hybrids for agrofuels with Chevron, the multinational oil and gas company, and Bunge, one of the world’s largest commodity trading corporations. Corteva also has a joint venture with the UK oil company BP that will contract farmers in Europe and the Americas to grow mustard seed, sunflower and canola feedstocks for agrofuels for aviation.54 In another example, Syngenta is collaborating with the US commodity trader ADM on research and commercialisation of low carbon-intensity oilseeds for agrofuels.55
Synthetic fertilisers
Industrial agriculture is highly dependent on synthetic fertilisers. They are differentiated by the type of nutrient they contain: nitrogen in the form of urea, phosphorus (as phosphate) and potassium (as potash). These nutrients (and the fossil fuels used for nitrogen fertiliser production) are globally traded commodities, making the sector particularly vulnerable to price fluctuations and trade disruptions.56
With a market value of US$196 billion, fertilisers is one of the most profitable sectors across the industrial food system, particularly at times of food price spikes.57 The revenues of the top 10 companies were US$76 billion in 2023 (see Table 3), an increase of 57% compared to 2020.58 And in 2022 they had been even higher, 130% more than in 2020.59 The World Bank explained the spike in fertiliser prices as a result of high natural gas prices from trade disruptions.60 But a study of Nutrien, Yara, Mosaic, ICL Group, CF Industries, OCP, PhosAgro, OCI and K+S found that they had generated these extreme profits in 2022 by taking advantage of the war in Ukraine raising prices above the increased cost of producing goods, and deepening the debt of farmers and entire countries as a result.61
The global fertiliser market is dominated by a small number of companies, and fertiliser production takes place in a small number of countries. Over 55% of global urea production occurs in four countries: China, India, Russia and the US. And only China, Russia, Saudi Arabia and Qatar account for 41% of nitrogen fertiliser exports. For phosphate fertilisers, 70% of world production and 61% of world exports are concentrated in China, Morocco, the US and Russia. Similarly, for potash fertilisers, Canada, Russia, Belarus and China account for 75% of world production and the first three alone are responsible for 77% of world exports.62 Many of the top fertiliser companies are based in these producer countries.
At a global level, the top 10 controls 39% of the total market. But this concentration increases when the market is considered by type of fertiliser or by country. For example, five companies, OCP (Morocco), Mosaic (US), ICL (Israel), Nutrien (US) and Sinofert (China) account for a quarter of the phosphate-based fertilisers market.63 But in the US, Mosaic controls 60% of domestic phosphate fertiliser production and until recently 90% of the domestic market.64 With potash fertiliser, just four companies– Nutrien, Mosaic, ICL and K+S– occupy 50% of the global market.65
Fertilisers are a leading source of greenhouse gas emissions in the agriculture sector. Nitrogen fertilisers alone are responsible for one in every 40 tonnes of total global emissions each year.66 There is thus growing international interest in reducing fertiliser use and, in response, the fertiliser companies are ramping up their greenwashing efforts. Like the pesticide companies, the fertiliser companies are investing in biofertilisers and biostimulants, and marketing these as “complementary” to their synthetic fertilisers, often through their digital platforms and carbon credit schemes.67 Yara, for instance, which recently acquired the Italian organic-based fertiliser company Agribios, has a digital carbon farming platform called Agoro Carbon that is used by farmers on over 809,000 hectares in the US.68
Yara and other fertiliser companies maintain that “green” energies can be utilised to produce nitrogen fertilisers, and thereby dramatically reduce emissions. Their main focus is on blue hydrogen, which is produced from fossil fuels but with carbon capture and storage (CCS), and on green hydrogen, which is produced using wind or solar energy. This is already opening up new markets, such as the inclusion of Yara’s “low-carbon” fertilisers in PepsiCo’s planned 2.8 million hectare regenerative agriculture projects in Latin America.69 But there is growing criticism of the social and environmental conflicts associated with CCS projects, as illustrated by the case of the residents of Ingleside in the US who are opposing a plant planned by Yara.70 And while the production of green hydrogen-based fertilisers is lower in its CO2 emissions, nitrogen oxide emissions still occur on farms. Green hydrogen projects are also increasingly linked to land, water and energy grabs in the Global South.71
Table 3. Top 10 corporations in the synthetic fertilisers sector
Ranking
Company (Headquarters)
Sales in 2023
(US$ millions)
% Global market share
1
Nutrien (Canada)72
15,673
8
2
The Mosaic Company (US)73
12,782
7
3
Yara (Norway)74
11,688
6
4
CF Industries Holdings, Inc, (US)75
6,631
3
Total top 4
46,774
24
5
ICL Group Ltd. (Israel)76
6,294
3
6
OCP (Morocco)77
5,967
3
7
PhosAgro (Russia)78
4,989
3
8
MCC EuroChem Joint Stock Company (EuroChem) (Switzerland/Russia)79
4,298
2
9
OCI (Netherlands)80
4,188
2
10
Uralkali (Russia)81
3,497
2
Total top 10
76,007
39
Total world market82
196,000
100
Farm machinery
Farm machinery here refers to manufactured equipment used in agriculture like tractors, haying and harvesting machinery and equipment used for planting, fertilising, ploughing, cultivating, irrigating and spraying. As farm equipment companies move towards digitalisation and automation, this sector can also include their proprietary digital platforms, drones, and robotic technologies.
In the farm machinery sector, the top four companies control 43% of the global market according to 2023 sales figures (see Table 4). Much of the focus of these companies is now on integrating AI and digital technologies – through partnerships and acquisitions – to allow for more precision, as they claim, in the application of seeds, pesticides and fertilisers.
In 2023, for example, John Deere acquired Smart Apply, a US precision spraying equipment company. It is developing a technology to reduce indiscriminate agrochemical spraying in vineyards, orchards and nurseries by sensing the size and foliage of individual plants and adjusting the agrochemical volume to be sprayed.83 But while doing that, the technology will collect valuable on-farm data on pesticide application, canopy volumes, the number of trees, the health of individual trees, and other information to assess the profitability and productivity of the orchard or vineyard. Another technology John Deere is deploying, called See & Spray, uses cameras to detect weeds in farms. The company says this technology saved farmers from spraying approximately 8 million gallons of herbicide across over 400,000 hectares in 2024.84 See & Spray is being utilised in a partnership John Deere has with Syngenta and the US-based company InnerPlant to develop genetically modified “sensor plants” (like cotton, soybeans and maize). The GM plants will send out signals when stressed by drought, pests or fertiliser deficiencies which would then be detected by See & Spray and then treated with Syngenta’s pesticides. Innerplant calls it “the most exciting GM trait since Roundup Ready”.85
Syngenta also has a partnership with CNH Industrial to integrate its digital farming platform Cropwise with CNH’s farm machinery. This will likely give both corporations seamless access to the data accumulated by each other giving CNH access to Syngenta’s valuable on-farm data and Syngenta the opportunity to promote its products through CNH.
The farm machinery giants are also positioning their technologies to be part of regenerative agriculture and carbon farming programmes. John Deere, for instance, is partnering with Cargill’s regenerative agriculture programme RegenConnect to collect data on agricultural practices from farms, analyse if they fulfil Cargill’s sustainability criteria, and, eventually, buy and commercialise carbon credits.86 Another example is the partnership between Kubota and Tokyo Gas to reduce methane emissions from rice cultivation in the Philippines. Under the project, Filipino farmers are told how to select seeds, manage soil and implement a rice-growing technique to reduce methane emissions, with the companies extracting data to create carbon credits for Kubota and Tokyo Gas.87
Since the new machinery technologies under development require farms to have a high-speed internet connection, the farm machinery companies are partnering with telecom and satellite giants to expand rural internet connectivity. CNH, for example, is partnering with Telecom Argentina to expand internet connectivity across 500,000 hectares in Buenos Aires, while John Deere has a partnership with Elon Musk’s SpaceX satellite telecommunications company.88
Table 4. Top 10 corporations in the farm machinery sector
Ranking
Company (Headquarters)
Sales in 2023
(US$ millions)
% Global market share
1
Deere and Co. (US)89
26,790
15
2
CNH Industrial (UK/Netherlands)90
18,148
10
4
AGCO (US)91
14,412
8
3
Kubota (Japan)92
14,233
8
Total top 4
73,583
43
5
CLAAS (Germany)93
6,561
4
6
Mahindra and Mahindra (India)94
3,156
2
7
SDF Group (Italy)95
2,197
1
8
Kuhn Group (Switzerland)96
1,583
0.9
9
YTO Group (China)97
1,493
0.9
10
Iseki Group (Japan)98
1,057
0.6
Total top 10
89,629
52
Total world market99
173,000
100
Animal pharma
The animal pharmaceutical industry includes medicines and vaccines, diagnostics, medical services, nutritional supplements (medicated feed additives), veterinary and other related services for animal health.
According to some estimates, global animal pharmaceutical sales totalled US$48 billion in 2023.100 The main markets are the US (42.3%) and Europe (27.3%), where the largest companies in the sector are based.101 In 2023, the top 10 controlled 68% of the market, with the top four companies accounting for almost half of all sales (see Table 5).
Most animal pharma revenues are generated from pets, not livestock. In 2023, livestock accounted for 45.8% of the animal pharma market, down from 59% in 2020.102 But this varies by country. For example, in 2023, Zoetis’ products for pets accounted for 80% of 2023 sales in the US, 70% in Japan and 69% in China, while in Brazil, livestock products represented 59% of its sales.103
Pets’ health has attracted players from other sectors, such as the US based Mars Inc., one of the world’s largest food companies. The corporation has been increasing its investment in the veterinary sector, and currently owns 3,000 veterinary clinics worldwide.104 As it is a private company, its revenues are not made public, but according to Mars, 60% of its US$50 billion in sales in 2023 came from the Mars Petcare segment, which includes pet food and veterinary care.105 Nearly half of Mars’ 150,000 workers are with its Mars Veterinary Health division.106 The large retailer Walmart is also moving into this sector, building veterinary clinics inside its US stores.107
Corporate concentration in this sector gives companies the power to exert strong pressure on governments to influence legislation in problematic sectors such as antibiotics. The global sales of farm antibiotics is valued at US$5.10 billion, with cattle accounting for near 40% of the use.108 For years, the industry has defended the use of antibiotics in farm animals by linking them to faster growth, better health, and “feed efficiency”.109 The problem, however, is that use of antibiotics in animals can lead to the emergence of bacteria that are resistant to antibiotics, including those critical to human health. Antibiotic resistance is already responsible for the deaths of 700,000 people around the world every year.110 Despite strong opposition from Elanco, Zoetis, Phibro and others, the European Union managed to reduce the overuse of antibiotics on farms, but widespread use continues in the US and elsewhere.111
As industrial livestock is a major source of greenhouse gas emissions, accounting for 14.5% of total emissions according to the IPCC, animal pharma companies are trying to show they are taking climate action by developing drugs that can reduce emissions.112 Elanco, for example, has won approval in the United States to market the drug Experior which claims to reduce ammonia gas in cattle.113 However, such techno-fixes can have only marginal overall impact, as livestock emissions occur across the whole industrial chain, from deforestation for feed crops, manure lagoons, to waste, to the use of fossil fuels throughout the production process.114
Table 5. Top 10 corporations in the animal pharma sector
Ranking
Company (Headquarters)
Sales in 2023
(US$ millions)
% Global market share
1
Zoetis (US)115
8,544
18
2
Merck & Co (MSD) (US)116
5,625
12
3
Boehringer Ingelheim Animal Health (Germany)117
5,100
11
4
Elanco (US)118
4,417
9
Total top 4
23,686
49
5
Idexx Laboratories (US)119
3,474
7
6
Ceva Santé Animale (France)120
1,752
4
7
Virbac (France)121
1,348
3
8
Phibro Animal Health Corporation (US)122
978
2
9
Dechra (UK)123
917
2
10
Vetoquinol (France)124
572
1
Total top 10
32,727
68
Total world market125
48,000
100
Livestock genetics
The genetic material used in the industrial production of meat, dairy and aquaculture is supplied by a small number of relatively unknown companies that are mostly privately owned. As detailed financial data is not publicly available for most of these companies, it is difficult to determine companies’ market shares and even the value of the global market. However, it was possible to arrive at some estimates for chicken, which tops global meat production (narrowly exceeding pigs).126
Corporate concentration is particularly acute with chicken. Just three companies dominate the poultry genetics market: Tyson Foods (US, public), EW Group (Germany, private) and Hendrix Genetics (Netherlands, private). Together, they supply more than 120 countries with breeds through licensing and distribution agreements or through their own farming operations.127
Tyson and EW Group control the two main hybrid breeds used in most of the world’s industrial broiler farms (chickens for meat): Cobb (Cobb-Vantress) and Ross (Aviagen).128 While Tyson does not provide a breakdown of sales from its genetics division, EW Group subsidiaries Aviagen Limited (UK) and Hubbard S.A.S reported sales of $252 million and $68 million respectively in 2023.129
Both Tyson and EW Group operate in the US, Brazil and China, where 51% of the world’s chicken production takes place.130 In the US, they supply the breeding stock for 98% of broilers, with Cobb-Vantress holding half of the market.131 In Brazil, the Cobb type accounts for 60% and Ross for 35% of all industrial breeds.132 China is still 70% dependent on imports of chicken genetics, with Cobb-Vantress and Aviagen breeding half of the domestic grandparent stock locally.133 But the Chinese state and Chinese companies are working to break this dependency, particularly in light of the outbreaks of bird flu in the US. Three local companies, Sunner Group, Yukou Poultry and Xinguang Nongmu, now have nearly 30% of the market, with Sunner holding over 20%.134 They have also started to export to countries such as Tanzania, Pakistan and Uzbekistan.135
Global companies in the sector are looking at the African market for growth, where, in many countries, indigenous chickens still account for 80% or more of the chicken population.136 In southern and eastern Africa, Tyson and EW Group’s Aviagen have merged with regional partners over the past decade, including cross-shareholdings. Some of the joint ventures are through companies registered in the tax haven of Mauritius.137 In Zambia, which is increasingly used as a hub for chicken exports to the region, Tyson and EW Group dominate the entire market, holding 45% and 55% market shares, respectively. Zambian regulators found in 2018 that the genetics companies were coordinating to restrict the supply of breeding stock and increase prices, thus affecting smaller producers and consumers. Similar behaviour was found in the US, resulting in fines.138
EW Group is also the top player in sales of genetics for chickens used for laying eggs (layer), through its subsidiaries Hy-Line International and Novogen S.A.S.139 Second is Hendrix Genetics, owned by private equity firm Paine Schwartz Partners, with layer genetics sales estimated at US$274 million in 2023.140 China is the main producer of eggs with 34% of global egg production, followed by the US, India and Indonesia with 7% each.141 Chinese reliance on imported grandparent layer breeders is also decreasing and is currently below 30%, but EW Group and Hendrix Genetics still supply genetics to several of China’s largest egg producing companies.142 In the US, EW Group and Hendrix Genetics not only have a monopoly on layer genetics, but also dominate the layer supply chain, through their control of hatcheries. In the recent ‘egg crisis’ that hit the country, there were allegations that the two companies colluded with dominant egg producers to keep prices high.143
The focus on uniformity, scale and high yields makes the breeds of these companies highly susceptible to diseases. Even with strict biosecurity measures on farms, disease outbreaks still occur, as can be seen in the massive number of outbreaks of bird flu at industrial farms in the US and Europe in 2024 and 2025. In response, genetics companies are trying to breed chickens resistant to bird flu and other diseases using gene editing techniques, like CRISPR-Cas9.144 For example, Cobb-Vantress co-funded research into the use of CRISPR to create chickens resistant to avian flu, which showed that multiple genetic modifications were needed to prevent “viral escape”.145 Companies are also genetically modifying chickens for increased growth rates and sex sorting.
 
Illustrations: Andre M. Medina (@andre_m_medina)
Notes:
1Hope Shand, Kathy Jo Wetter and Kavya Chowdhry, “Food Barons 2022: crisis profiteering, digitalization and shifting power”, ETC Group, September 2022, https://www.etcgroup.org/files/files/food-barons-2022-full_sectors-final_16_sept.pdf
2For an understanding of the history of corporate concentration in the seed, pesticide, fertiliser and agricultural machinery sectors, see Jennifer Clapp, “Titans of Industrial Agriculture. How a few giant corporations came to dominate the farm sectors and why it matters”, Massachusetts Institute of Technology, Cambridge, Massachusetts, 2025.
3See: SOMO, “Hungry for profits. How monopoly power tripled the profits of global agricultural commodity traders in the last three years”, 30 January 2024, https://www.somo.nl/hungry-for-profits/; GRAIN and IATP, “A corporate cartel fertilises food inflation”, 23 May 2023, https://grain.org/e/6988
4FAO, “FAO warns of ‘unprecedented’ avian flu spread, in call for global action”, 17 March 2025, https://news.un.org/en/story/2025/03/1161186
5Attempts towards mergers and acquisitions across the industrial food chain, like in commodity trading sectors, grocery retail, and food and beverage processing corporations continue full throttle. See: Bunge, “Bunge Shareholders Approve Viterra Combination”, 5 October 2023, https://www.bunge.com/Press-Releases/Bunge-shareholders-approve-viterra-merger; Jody Godoy, “Kroger’s $25-billion deal for grocery rival Albertsons blocked by US courts”, Reuters, 11 December 2024, https://www.reuters.com/legal/us-court-blocks-krogers-25-billion-acquisition-grocery-rival-albertsons-2024-12-10/; and Mars, “Mars to Acquire Kellanova”, 14 August, 2024, https://www.mars.com/en-in/news-and-stories/press-releases-statements/mars-acquisition-august-2024
7Nina Lakhani, “‘They rake in profits – everyone else suffers’: US workers lose out as big chicken gets bigger”, The Guardian, 11 August 2021,https://www.theguardian.com/environment/2021/aug/11/tyson-chicken-indsutry-arkansas-poultry-monopoly
8See: Corporate Europe Observatory, “Yara: Poisoning our soils, burning our planet,” 17 September 2019, https://corporateeurope.org/en/2019/09/yara-poisoning-our-soils-burning-our-planet; Corporate Europe Observatory, “Monsanto lobbying: an attack on us, our planet and democracy,” Undated, https://corporateeurope.org/sites/default/files/attachments/monsanto_v09_web.pdf; and Peter Waldman, Tiffany Stecker, and Joel Rosenblat, “ Monsanto was its own ghostwriter for some safety reviews”, Bloomberg, 9 August 2017, https://www.bloomberg.com/news/articles/2017-08-09/monsanto-was-its-own-ghostwriter-for-some-safety-reviews
9C. Costa et al. “Roadmap for achieving net-zero emissions in global food systems by 2050”, Scientific Reports, 12, 15064, 2022: https://doi.org/10.1038/s41598-022-18601-1; UNEP, “Driving finance for sustainable food systems: A roadmap to implementation for financial institutions and policy makers,” April 2023: https://www.unepfi.org/publications/driving-finance-for-sustainable-food-systems/
10ETC Group, “A long food movement: transforming food systems by 2045”, 29 March 2021, https://www.etcgroup.org/content/long-food-movement
11In this report, commas are used to separate thousands. Dots are used to separate decimals.
12Hope Shand, Kathy Jo Wetter and Kavya Chowdhry, “Food Barons 2022: Crisis Profiteering, Digitalization and Shifting Power”, ETC Group, September 2022, https://www.etcgroup.org/files/files/food-barons-2022-full_sectors-final_16_sept.pdf
13See: Chris Westfall, “Cutting middle management: Bayer’s costly experiment one year later”, 7 January 2025, Forbes, https://www.forbes.com/sites/chriswestfall/2025/01/07/cutting-middle-management-bayers-costly-experiment-one-year-later/; Anonymous, “‘Broken’ Bayer needs bolder action”, Financial Times, 7 March 2024, https://www.ft.com/content/c1d9b0a6-2c25-4184-9a92-6d4ea13546bc; Bayer Annual report 2024, p. 2, https://www.bayer.com/sites/default/files/2025-03/bayer-annual-report-2024.pdf
14Brendan Piersen, “ Bayer must pay $78 million in latest Roundup cancer trial, jury finds”, Reuters, 11 October 2024, https://www.reuters.com/legal/bayer-must-pay-78-mln-latest-roundup-cancer-trial-jury-finds-2024-10-10/
15Patrick Thomas, “Farmers’ favorite weedkiller nears its end, Bayer warns”, 14 April 2025, https://www.wsj.com/business/farmers-favorite-weedkiller-nears-its-end-bayer-warns-324da1e6
16See: BASF, “BASF unveils Nemasphere nematode resistance trait, the new standard of nematode management for soybean farmers”, 10 June 2024, https://www.basf.com/us/en/media/news-releases/2024/06/basf-unveils-nemasphere-nematode-resistance-trait–the-new-stand; Bayer, “Short corn is smart corn”, 10 March 2025, https://www.bayer.com/en/news-stories/short-corn-is-smart-corn
17“How InstaDeep and Syngenta are accelerating crop trait discovery”, Shoots By Syngenta, undated, https://shootsbysyngenta.com/success-story-syngenta-and-instadeep
18Bayer, “Unleashing the Potential of AI”, undated, https://www.bayer.com/en/innovation/unleashing-the-potential-of-ai
19Percentages in the figure indicate the shares in the total, and may not tally due to rounding.
20Bayer Annual report 2023, p. 83. Includes: corn seeds and traits value (6,857), soybean seeds and traits value (2,571), cotton seeds value (575), vegetable seeds value (735). Total: 10,738 million Euros. https://www.bayer.com/sites/default/files/2024-03/bayer-annual-report-2023.pdf[Exchange rate: 1.081488].
22Sources: Syngenta Annual report 2023, https://www.syngenta.com/sites/default/files/bond-investor-information/financial-results/financial-report-2023.pdf; and Capital IQ. Revenue for the Syngenta Seeds segment (including the sales of the subsidiaries in China). ChemChina figures are included.
24Vilmorin & Cie Annual report 2022-2023, https://www.vilmorincie.com. Total revenue: 1,894.4 million Euros [Exchange rate: 1.047471].
25KWS Annual report 2023,(1 July 2023 – 30 June 30 2024),p. 2, https://mediamaster.kws.com/04_Company/03_Investor_Relations/04_Financial_Report/2023_2024/Q4/KWS-SAAT-Annual-Report-2023-2024-1.pdf [Exchange Rate: 1.081668].
26DLF Seeds Annual report 2023, p. 74, https://dlf.com/about-us/annual-report[Exchange Rate: 0.140732].
28Kaneko Seeds Annual report, (1 June 1 2023 – 31 May 2024), p. 1, https://kanekoseeds-p.jp/en/financial/pdf/Financial_Summary_20240531.pdf[Exchange Rate: 0.007323].
29S&P Global, “Revisiting seed company sales and profit”, FAO, 2024, https://openknowledge.fao.org/server/api/core/bitstreams/0535a5cd-2373-414c-8758-2349227dd52e/content
30“Biologicals, a key building block in regenerative agriculture”, Bayer, https://www.bayer.com/en/agriculture/article/biologicals-building-block-in-regenerative-agriculture
31GRAIN, “Corporate bioinputs: Agribusiness’s new toxic trap”, 1 August 2024, https://grain.org/e/7175
32See: MarketResearch Biz, “Agricultural biologicals market”, 2023, https://marketresearch.biz/report/agricultural-biologicals-market/; The Mixing Bowl, “2023 Ag Biologicals Landscape”, 2023, https://www.mixingbowlhub.com/landscape/2023-ag-biologicals-landscape
33“Corteva Agriscience completes acquisitions of Symborg and Stoller”, Corteva, 2 March 2023, https://www.corteva.com/resources/media-center/corteva-completes-acquisitions-of-symborg-and-stoller.html
34GRAIN, “Corporate bioinputs: Agribusiness’s new toxic trap”, 1 August 2024, https://grain.org/e/7175
35Bayer, “Agriculture biologicals, innovation inspired by nature”, https://www.bayer.com/en/agriculture/agriculture-biologicals
36GRAIN, “Regenerative agriculture was a good idea, until corporations got hold of it”, 1 December 2023, https://grain.org/e/7067
37Hope Shand, Kathy Jo Wetter and Kavya Chowdhry, “Food Barons 2022: crisis profiteering, digitalization and shifting power”, ETC Group, September 2022, https://www.etcgroup.org/files/files/food-barons-2022-full_sectors-final_16_sept.pdf
38Gerson Freitas Jr, “Bayer sees €100 billion opportunity in cleaner-farming shift”, Bloomberg, 20 June 2023, https://www.bloomberg.com/news/articles/2023-06-20/bayer-sees-100-billion-opportunity-in-shift-to-regenerative-agriculture
39See: https://www.syngentagroup.com/regenerative-agriculture; “McDonald’s USA, Syngenta and Lopez Foods collaborate to help produce beef more sustainably in the US”, Syngenta, 14 November, 2024: https://www.syngenta.com/media/media-releases/2024/mcdonalds-usa-syngenta-and-lopez-foods-collaborate-help-produce-beef-more; and Verena Kempter, “BASF and Solidaridad team up to empower Brazilian farmers to foster biodiversity”, BASF, 3 April 2024, https://www.basf.com/global/en/media/news-releases/2024/04/p-24-142
40“Bayer demonstrates digital technologies as a key enabler for regenerative agriculture”, Bayer, 9 November 2023, https://www.bayer.com/media/en-us/bayer-demonstrates-digital-technologies-as-a-key-enabler-for-regenerative-agriculture/
41See: Thomas Eickhoff, “New Frontiers in Digital and Carbon Farming”, Bayer, 20 June 2023, https://www.bayer.com/sites/default/files/2023-07/New%20Frontiers%20in%20Digital%20and%20Carbon%20Farming_CS%20Innovation%20Summit%202023.pdf; and “Syngenta Group reports record $33.4 billion sales and $5.6 billion EBITDA in 2022”, Syngenta, 22 March 2023, https://www.syngentagroup.com/newsroom/2023/syngenta-group-reports-record-334-billion-sales-and-56-billion-ebitda-2022#:~:text=The%20Group’s%20digital%20solutions%20have,$0.5%20billion%2C%20up%2081%20percent; Jonathan Shoham, “Digital farming and biologicals. Presentation to ABIM” S&P Global,
42See: Hope Shand, Kathy Jo Wetter and Kavya Chowdhry, “Food Barons 2022: crisis profiteering, digitalization and shifting power”, ETC Group, September 2022, https://www.etcgroup.org/files/files/food-barons-2022-full_sectors-final_16_sept.pdfETC Group, “Behind sugar and spice and everything nice”, 9 May 2024, https://etcgroup.org/content/behind-sugar-and-spice-and-everything-nice; GRAIN, “Techno feudalism takes root on the farm in India and China”, 24 October 2024, https://grain.org/e/7196
43Sources: Syngenta Annual report 2023, https://www.syngenta.com/sites/default/files/bond-investor-information/financial-results/financial-report-2023.pdf; ADAMA Annual report 2023, https://s201.q4cdn.com/536806127/files/doc_financials/2023/q4/2023-Adama-Annual-Report.pdf; and Capital IQ. Figures include Syngenta Crop Protection segment and ADAMA’s revenue [Exchange rate: 0.141316]. ChemChina figures are included.
44Bayer Annual report 2023, p. 160. Includes: herbicides value (5,926), fungicides value (3,444), insecticides value (1,596). Total: 10,966 million Euros. https://www.bayer.com/sites/default/files/2024-03/bayer-annual-report-2023.pdf[Exchange rate: 1.081488].
49Sumitomo Annual report 2023,(1 April 2023 – 31 March 2024), p. 18, https://www.sumitomo-chem.co.jp/english/ir/library/annual_report/files/docs/scr2024e.pdf. This figure includes Sumitomo’s Agrosolutions Business, Environmental Health Business, Feed Additives Business, and Pharma Solution Business [Exchange rate: 0,00700374].
51Sino-Agri Leading Biosciences Co., Ltd., “Sino-Agri Leading Biosciences wins 4th place in Chinese Top 100 Pesticide Companies Ranking”, 24 May 2024,https://news.agropages.com/News/NewsDetail—50255.htm [Exchange rate: 0.141316].
52Sino-Agri Leading Biosciences Co., Ltd., “Sino-Agri Leading Biosciences wins 4th place in Chinese Top 100 Pesticide Companies Ranking”, 24 May 2024,https://news.agropages.com/News/NewsDetail—50255.htm [Exchange rate: 0.141316].
53S&P Global, “Revisiting seed company sales and profit”, FAO, 2024, https://openknowledge.fao.org/server/api/core/bitstreams/0535a5cd-2373-414c-8758-2349227dd52e/content
54See: “Corteva Agriscience, Bunge and Chevron announce collaboration to produce winter canola to meet growing demand for lower carbon renewable”, Chevron, 14 March 2023, fuels https://www.chevron.com/newsroom/2023/q1/corteva-agriscience-bunge-and-chevron-announce-collaboration-to-produce-winter-canola; and “Corteva announces intent to partner with bp to develop low carbon intensity bio-feedstock”, Corteva, 18 November 2024, https://www.corteva.com/resources/media-center/corteva-announces-intent-to-partner-with-bp-to-develop-low-carbon-intensity-bio-feedstock-for-aviation-fuel-production.html
55“ADM and Syngenta Group sign MoU to support low-carbon next-generation oilseeds and improved varieties to meet growing demand for biofuels and other products”, Syngenta, 28 September 2023, https://www.syngenta.com/media/media-releases/2023/adm-and-syngenta-group-sign-mou-support-low-carbon-next-generation
56See: Jennifer Clapp, “Titans of industrial agriculture. How a few giant corporations came to dominate the farm sectors and why it matters”, Massachusetts Institute of Technology, Cambridge, Massachusetts, 2025; and AMIS, “Fertiliser series. #2/2024”, 2024, https://storage.googleapis.com/amis-9189b-strapi/1_AMIS_Fertilizer_series_Fertilizer_production_073a82c786/1_AMIS_Fertilizer_series_Fertilizer_production_073a82c786.pdf
57S&P Global, “Revisiting seed company sales and profit”, FAO, 2024, https://openknowledge.fao.org/server/api/core/bitstreams/0535a5cd-2373-414c-8758-2349227dd52e/content
58Sinofert (China) and K+S (Germany) are not included in the table, but their revenues in 2023 (US$3,070 million and US$2,943 million respectively) are not far behind Uralkali (see: Sinofert Holdings Limited Annual report 2023”, https://www.hkexnews.hk/listedco/listconews/sehk/2024/0425/2024042502498.pdf; and K+S Annual report 2023, p.58,https://www.kpluss.com/.downloads/ir/2024/kpluss-annual-report-2023.pdf). For the figures for 2020, see: Hope Shand, Kathy Jo Wetter and Kavya Chowdhry, “Food Barons 2022: crisis profiteering, digitalization and shifting power”, ETC Group, September 2022, https://www.etcgroup.org/files/files/food-barons-2022-full_sectors-final_16_sept.pdf
59Source: Companies’ annual reports 2023 and Capital IQ.
60World Bank, “World Bank’s food for 10 billion podcast: fertilizer volatility and the food crisis”, 22 July 2022, https://www.worldbank.org/en/news/podcast/2022/07/22/fertilizer-volatility-and-the-food-crisis
61GRAIN and IATP, “A corporate cartel fertilises food inflation”, 23 May 2023, https://grain.org/e/6988
62See: UNCTAD, “15th multi-year expert meeting on commodities and development, 14-16 October 2024, Geneva”, 2024, https://unctad.org/system/files/non-official-document/monika-tothova_myem2024.pdf; and IFPRI, “Global fertilizer trade 2021-2023: What happened after war-related price spikes”, 5 April 2024, https://www.ifpri.org/blog/global-fertilizer-trade-2021-2023-what-happened-after-war-related-price-spikes/
63The estimate was made by looking at the phosphate fertiliser sales reported by companies in their annual reports for 2023. It was compared with global sales amounting US$54.6 billion (Globe Newswire, “8 key trends in the global phosphate fertilizer market”, 2 January 2024, https://www.agribusinessglobal.com/plant-health/npk/8-key-trends-in-the-global-phosphate-fertilizer-market/).
64As Jennifer Clapp explains, Mosaic deployed a strong lobbying effort in order the US imposes tariffs on fertiliser imports from Morocco and Russia in 2017. This gave Mosaic control over 90% of the phosphate fertiliser market. In 2023, the US lowered tariffs on Moroccan fertilisers and raised those on Russian phosphate fertilisers (See: Jennifer Clapp, “Titans of industrial agriculture. How a few giant corporations came to dominate the farm sectors and why it matters”, Massachusetts Institute of Technology, Cambridge, Massachusetts, 2025.
65According to K+2, its market share reached 10% in 2023 (K+S Annual report 2023, p. 37, https://www.kpluss.com/.downloads/ir/2024/kpluss-annual-report-2023.pdf).
66GRAIN and IATP, “A corporate cartel fertilises food inflation”, 23 May 2023, https://grain.org/e/6988
67See: Jennifer Clapp, “Titans of industrial agriculture. How a few giant corporations came to dominate the farm sectors and why it matters”, Massachusetts Institute of Technology, Cambridge, Massachusetts, 2025; and GRAIN, “Regenerative agriculture was a good idea, until corporations got hold of it”, 1 December 2023, https://grain.org/e/7067
69Sidhi Mittal, “PepsiCo launches regenerative potato farming programme”, 22 April 2025, https://www.edie.net/pepisco-launches-regenerative-potato-farming-programme/
71See for example: Inkota, “Green synthetic fertilisers: solution for soil, climate, water and communities or a dead end?”, 2024, https://www.inkota.de/sites/default/files/2024-12/greenfertilzer_discussionpaper_Final_%20ENG.pdf; and ODG, “The hydrogen trail”, 2024, https://odg.cat/en/publication/publication-the-hydrogen-trail/
72Nutrien Annual report 2023, https://www.nutrien.com/investors/financial-reporting. Includes: retail crop nutrients value (US$ 8,379 million, p. 52), nitrogen fertilisers value (US$ 2,450 million, p. 58), potash fertiliser value (US$3,759 million, p. 55), and phosphate fertiliser value (US$ 1,085 million, p. 60).
73The Mosaic Company Annual report 2023, p. 79, https://s1.q4cdn.com/823038994/files/doc_financials/2023/ar/2023-annual-report_final.pdf. Includes figures for net sales to external customers for phosphates (US$3,894.5 million), potash (US$3,203.1 million), Mosaic Fertilizantes (US$5,684.7 million). Excludes corporate, eliminations and other.
74Yara Annual report 2023, p. 229, https://www.yara.com/siteassets/investors/057-reports-and-presentations/annual-reports/2023/yara-integrated-report-2023.pdf. Includes the fertiliser and chemical products associated to the segments in Europe (US$3,634 million), Americas (US$5,555 million), Africa & Asia (US$2,489 million), Global plants & operational excellence (US$10 million).
76ICL Annual report 2023, p. 325, https://s27.q4cdn.com/112109382/files/doc_financials/2023/ar/20F-Final-2023_Accessibility.pdf. Includes potash value (US$1,973 million), phosphate solutions value (US$2,274 million), growing solutions value (US$2,047 million).
77OCP Annual report 2023, p. 16, https://ocpsiteprodsa.blob.core.windows.net/media/2024-04/Rapport%20Financier%20Annuel%202023.pdf. Includes fertiliser sales. [Exchange rate: 0.0987320919959963].
78Source: Capital IQ.
79Mineral fertilisers’ sales of MCC, EuroChem’s main production company (https://www.acra-ratings.ru/upload/iblock/a89/z8yg31w1fsja6k3hkxorny4m5t4jb7ay/20240724_EvroKHim_press_reliz_en.pdf). However, the groups figures may be higher as the Brazilian subsidiary Fertilizantes Heringer S.A. sales in 2023 amounted US$1 billion (source: Capital IQ).
80OCI Annual report 2023, p. 210, https://investors.oci-global.com/sites/default/files/2024-04/OCI-Annual-Report-2023-vf_0.pdf. Includes sales from nitrogen EU, nitrogen US and fertiglobe segments.
81Uralkali Annual report 2023, p. 9, https://www.uralkali.com/upload/iblock/196/i2noxv1ovukvqx4ipve8bwajxxxnjz5y/UralKali_annual_report_eng_full.pdf. The total sales figure may include some sales from other services and products not directly relevant to fertilisers.
82S&P Global, “Revisiting seed company sales and profit”, FAO, 2024, https://openknowledge.fao.org/server/api/core/bitstreams/0535a5cd-2373-414c-8758-2349227dd52e/content
83John Deere, “John Deere acquires Smart Apply”, 14 July 2023, https://www.deere.com/en/news/all-news/john-deere-acquires-smart-apply/
84John Deere, “See & Spray™ customers see 59% average herbicide savings in 2024”, 18 September 2024, https://www.deere.com/en/news/all-news/see-spray-herbicide-savings/
85See: “Syngenta Group and CNH Industrial connect digital applications to better serve farmers”,Syngenta, 13 November 2023, https://www.syngentagroup.com/newsroom/2023/syngenta-group-and-cnh-industrial-connect-digital-applications-better-serve-farmers; and InnerPlant’s website here: https://innerplant.com/join-innercircle/
86Cargill, “Cargill Regenconnect® and John Deere announce collaboration to enable new revenue streams for farmers adopting sustainable practices”, 12 July 2023, https://www.cargill.com/2023/cargill-regenconnect-and-john-deere-announce-collaboration
87Kubota, “Joint demonstration project to reduce methane emissions from paddy fields in the Philippines”, 28 February 2024, https://www.kubota.com/news/2024/20240228.html
88John Deere, “John Deere announces strategic partnership with SpaceX to expand rural connectivity to farmers through satellite communications”, 16 January 2024, https://www.deere.com/en/our-company/static/john-deere-partnership-with-spacex/
89Deere and Co. Annual report 2023, p. 32. Includes: values for production and precision agriculture operations.https://s22.q4cdn.com/253594569/files/doc_downloads/2023/12/deere-company-2023-10-k.pdf
92Kubota Annual report 2023, p. 17, https://www.kubota.com/ir/financial/release/data/134q4e.pdf[Exchange rate: 0.007132].
93CLAAS Annual report 2023, p. 26, https://annualreport.claas.com/2023/assets/downloads/en/CLAAS_powerful_2023.pdf[Exchange rate: 1.067923].
94Mahindra and Mahindra Annual report 2023, p. 363, https://www.mahindra.com/annual-report-FY2024/index.html[Exchange rate: 0.012457].
95SDF Group Annual report 2023, p. 3, https://www.sdfgroup.com/media/SDF_Risultati_2023_EN.pdf[Exchange rate: 1.081488].
96Bucher Annual report 2023, p. 21, https://d3v9db8ug40up8.cloudfront.net/s3fs-public/2023_01_Bucher_Annual-report_2023_EN_1.pdf [Exchange rate: 1.113604].
98Iseki Group Annual report 2023, p. 5, https://www.iseki.co.jp/global/cms/upload/pdf/ir/preset_material_2023_all_e.pdf[Exchange rate: 0.007323].
99World market estimate from VDMA (See: CLAAS Annual report 2023, p. 25, https://annualreport.claas.com/2023/assets/downloads/en/CLAAS_powerful_2023.pdf
101CEESA, “The global animal health industry in profile 2023”, 2023, https://ceesa.eu/wp-admin/admin-ajax.php?action=downloadpdf&pID=5543.
102See: CEESA, “The global animal health industry in profile 2023”, 2023, https://ceesa.eu/wp-admin/admin-ajax.php?action=downloadpdf&pID=5543; and Hope Shand, Kathy Jo Wetter and Kavya Chowdhry, “Food Barons 2022: crisis profiteering, digitalization and shifting power”, ETC Group, September 2022, https://www.etcgroup.org/files/files/food-barons-2022-full_sectors-final_16_sept.pdf
103“Zoetis Inc. SEC 10-K Report”, Trading View, 13 February 2025, https://www.tradingview.com/news/tradingview:4eb76e64ed6be:0-zoetis-inc-sec-10-k-report/
105See: Callum Jones, “Love of animals and love of profit? Inside the $500bn pet boom”, The Guardian, 29 June 2024, https://www.theguardian.com/lifeandstyle/article/2024/jun/29/mars-pet-care-food-businesseshttps://www.forbes.com/companies/mars/
106Luisa Beltran, “Candy maker Mars is the biggest vet provider in the country: Inside its sprawling operation”, Yahoo Finance, 14 January 2025, https://finance.yahoo.com/news/candy-maker-mars-biggest-vet-100000723.html
107Ross Kelly, “ Walmart to open own-branded veterinary practices “, 10 October 2024, https://news.vin.com/default.aspx?pid=210&Id=12320902&sx=269697569&n=3
109Mariano Enrique Fernández Miyakawa, Natalia Andrea Casanova, and Michael H. Kogut, “How did antibiotic growth promoters increase growth and feed efficiency in poultry?”, Poultry Science, Vol. 103, Issue 2, 2024, https://doi.org/10.1016/j.psj.2023.103278.
110Michaela Herrmann and Clare Carlile, “‘Narratives of delay’: how the animal pharma industry resists moves to curb the overuse of antibiotics on farms”, 20 December 2023, https://www.desmog.com/2023/12/20/narratives-of-delay-how-the-animal-pharma-industry-resists-moves-to-curb-the-overuse-of-antibiotics-on-farms/
111See: Kenny Torrella, “Why Big Pharma wants you to eat more meat”, 1 March 2025, https://www.vox.com/future-perfect/401172/antibiotics-meat-pharmaceutical-industry-agriculture;and Michaela Herrmann and Clare Carlile, “‘Narratives of delay’: how the animal pharma industry resists moves to curb the overuse of antibiotics on farms”, 20 December 2023, https://www.desmog.com/2023/12/20/narratives-of-delay-how-the-animal-pharma-industry-resists-moves-to-curb-the-overuse-of-antibiotics-on-farms/
112See: GRAIN, “Livestock and climate: the problem is the industrial system”, 1 October 2021, https://grain.org/e/6740; Kenny Torrella, “Why Big Pharma wants you to eat more meat”, 1 March 2025, https://www.vox.com/future-perfect/401172/antibiotics-meat-pharmaceutical-industry-agriculture
114GRAIN & Alianza Biodiversidad, “What does factory farming have to do with the climate crisis?”, 26 March 2020, https://grain.org/e/6435. “Techno-fix” refers to a technology addressing a social or environmental problem created by an earlier technological failure (see: Hope Shand, Kathy Jo Wetter and Kavya Chowdhry, “Food Barons 2022: crisis profiteering, digitalization and shifting power”, ETC Group, September 2022, https://www.etcgroup.org/files/files/food-barons-2022-full_sectors-final_16_sept.pdf).
117Boehringer Ingelheim Animal Health, “Boehringer Ingelheim reports strong growth in 2023 and accelerates late-stage pipeline”, 16 April 2024, https://www.boehringer-ingelheim.com/us/media/boehringer-ingelheim-reports-strong-growth-2023-and-accelerates-late-stage-pipeline
119Idexx Laboratories Annual report 2023, p. 48,https://www.idexx.com/files/10k20240222.pdf. Water and other sales excluded.
120Ceva Santé Animale Annual report 2023, p. 4,https://www.ceva.com/wp-content/uploads/2024/09/FINAL_CEVA_NFPS_23.pdf. [Exchange rate: 1.081488].
121Virbac Annual report 2023, p. 161,https://corporate.virbac.com/home/investors/financial-reports/2023.html. [Exchange rate: 1.081488].
122Phibro Animal Health Corporation, Annual report 2023 -2024, https://investors.pahc.com/financials/sec-filings/default.aspx
123Dechra Annual report 2023, (1 July 2022 – 30 June 2023),https://www.dechra.com/corporate/corporate-home[Exchange rate: 1.204523]
127See: https://www.tysonfoods.com/https://ew.group/es/growing-excellence-through-innovation-es/https://www.hendrix-genetics.com/en/. They are also the main suppliers to major chicken producers such as JBS, BRF, CP Group, Shandong Yashgen and BRF (Tak, Mehrosh, et al., “Identifying economic and financial drivers of industrial livestock production. The case of the global chicken industry”, 2022, https://www.issuelab.org/resources/40548/40548.pdf).
128See: Sumayya Goga, Simon Roberts, “Multinationals and competition in poultry value chains in South Africa, Zambia, and Malawi”, August 2023, https://www.researchgate.net/publication/375864070; Dani Sher, “Broiler chickens: Who are they and how long do they live?”, Farm Forward, 13 March 2023, https://www.farmforward.com/news/broiler-chickens/ ; and Simon Usborne, “The £3 chicken: how much should we actually be paying for the nation’s favourite meat?”, The Guardian, 24 November 2021, https://www.theguardian.com/food/2021/nov/24/the-3-chicken-how-much-should-we-actually-be-paying-for-the-nations-favourite-meat
129Source: Capital IQ. Hubbard S.A.S is a subsidiary of Aviagen Group Holding, Inc.
131United States District Court, Northern district of Illinois Eastern Division, “End-user consumer plaintiffs’ fifth consolidated amended class action complaint”, 2020, https://overchargedforchicken.com/assets/Docs/1.%20Redacted%20Fifth%20Amended%20EUCP%20Complaint.pdf(p. 114)
132Sumayya Goga and Teboho Bosiu, “Governance of poultry value chains. A comparative perspective on developing capabilities in South Africa and Brazil”, 2019, CCRED Working Papers Series 2019/10, https://www.competition.org.za/s/IDTT-2-Poultry-Working-Paper-9.pdf
133See: https://www.thepoultrysite.com/news/2025/03/china-expands-domestic-broiler-genetics-gainhttps://openknowledge.fao.org/server/api/core/bitstreams/5fcbf357-eac5-4e22-84ce-ec0936d5fb52/contenthttps://www.fas.usda.gov/data/production/commodity/0115000https://www.agripost.cn/2025/02/17/chinas-broiler-industry-in-2024-white-feather-broilers-gain-market-share-as-yellow-feather-chickens-decline/. Grandparent stock refers to primary breeding animals whose offspring (called parent stock) are the final generation of breeding birs. Then the offspring of the parent stock becomes the production animals used for chicken meat production and other poultry products (https://apps.fas.usda.gov/newgainapi/api/Report/DownloadReportByFileName?fileName=Poultry%20and%20Products%20Annual_Beijing_China%20-%20People%27s%20Republic%20of_CH2024-0108.pdf).
134See: Shen Weiduo and Zhao Juecheng, “Chinese homegrown poultry variety breaks decades-long monopoly by developed countries”, 23 July 2023, Global Timeshttps://www.globaltimes.cn/page/202307/1294882.shtml; “Domestic broilers expand market share in China – and head overseas”, eFeedLink, 13 January 2025,https://www.efeedlink.com/contents/01-13-2025/0d8ad06d-4c87-4922-8140-901d5b579a99-a001.html
137For example, in 2017, Tyson Foods invested in Buchan Ltd, who owns the distributor Cobb Africa, based in Mauritius, and Irvine’s units in Botswana, Mozambique and Tanzania (see: https://www.just-food.com/news/tyson-and-ex-ceo-donnie-smith-invests-in-african-poultry-business/?cf-view).
138See: Sumayya Goga, Simon Roberts, “Multinationals and competition in poultry value chains in South Africa, Zambia, and Malawi”, August 2023, https://www.researchgate.net/publication/375864070https://comesacompetition.org/wp-content/uploads/2024/04/Website-Notice-MHM-Africa-Poultry-Final.pdfhttps://www.cbh.africa/our-story/
139Hy-Line International’s revenue for 2023 is not available, but Novogen reported US$14 million (Capital IQ).
140See: https://www.hendrix-genetics.com/en/about/our-company/corporate-governance/https://www.hendrix-genetics.com/en/about/our-company/; Basel Musharbash, “Fowl Play: How Chicken Genetics Barons Created the Egg Crisis”, 12 March 2025, https://www.thebignewsletter.com/p/fowl-play-how-chicken-genetics-barons. [Exchange rate used to convert the company’s revenue from Eur to USD is: 1,081488].
141See: FAO, “World Food and Agriculture – Statistical Yearbook 2024”, 2024, https://doi.org/10.4060/cd2971en (p. 18).
143See: Basel Musharbash, “Hatching a conspiracy: A BIG investigation into egg prices”, 7 March 2025, https://www.thebignewsletter.com/p/hatching-a-conspiracy-a-big-investigation; Basel Musharbash, “Fowl play: How chicken genetics barons created the egg crisis”, 12 March 2025, https://www.thebignewsletter.com/p/fowl-play-how-chicken-genetics-barons; Farm Action, “Farm Action calls for an investigation into skyrocketing egg prices and restricted supply”, 12 February 2025, https://farmaction.us/farm-action-calls-for-an-investigation-into-skyrocketing-egg-prices-and-restricted-supply/
145Idoko-Akoh, A., Goldhill, D.H., Sheppard, C.M. et al. “Creating resistance to avian influenza infection through genome editing of the ANP32 gene family”. Nat Commun 14, 6136 (2023), https://doi.org/10.1038/s41467-023-41476-3
Source: Grain

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