Today a handful of agribusiness corporations have consolidated unprecedented control over the world’s food supply, with devastating consequences for farmers, consumers and the planet. A new report by ETC Group and GRAIN examines 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 is increasing in most of these sectors and four of them– seeds, pesticides, agricultural machinery and animal pharmaceuticals– now meet the definition of an oligopoly, in which four companies control more than 40% of a market. Concentration can be even higher at the national level, as is the case with synthetic fertilisers.
Top findings from the report include:
- Oligopolies dominate key sectors: Bayer, Corteva, Syngenta, and BASF control 56% of the global commercial seeds market, and 61% of the pesticides market.
- Profiteering amid global crises: Agribusiness giants have exploited crises like the Ukraine war and the COVID-19 pandemic to inflate prices. Fertiliser companies, for instance, saw revenues soar by 57% from 2020 to 2023, with some accused of price gouging.
- Digital and biotech expansion: Corporations are rapidly integrating AI, gene editing, and digital platforms into agriculture through partnerships with Big Tech companies. These technologies enable data extraction from farmers, facilitate carbon credit schemes, and tighter control over food systems—while raising concerns about biosafety, privacy, and corporate monopolies.
