Sen. Elizabeth Warren's call to break up big agriculture has stirred a debate, but industry groups are fighting back, saying her 'proposals seriously miss the mark.'
Sen. Elizabeth Warren's call to break up big agriculture has stirred a debate, but industry groups are fighting back, with one group saying her"proposals seriously miss the mark."
But big agribusiness groups suggest Warren's policy proposals are detached from reality and say what's needed is a focus on growing exports, not adding regulations. Warren has also been critical of the government's commodity checkoff programs, funded by farmers, that are used to promote products such as soybeans, milk, beef and pork. She backs a bill, reintroduced last week by a bipartisan group of senators, to reform the commodity programs and wants farmer checkoff payments to be voluntary. She said the system is now"rigged against family farmers.
Novak said companies require on average more than 11 years and some $300 million to bring a chemistry product to market. But the considerable time and hefty outlay needed to go through the regulatory process make it tough for small companies to make these investments, he said. She said"conservative estimates" have the merged Bayer-Monsanto with"more than 37 percent" domestic market share of the vegetable seed market and"more than half of the market for some vegetables."
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