The National Corn Growers Association and the American Soybean Association each issued statements after Dow Chemical and DuPont announced their intention to merge on Friday. The combination company, DowDuPont, will create a new $130 billion company.
The American Soybean Association (ASA) announced it is committed to examining the overall impacts of this merger on the agricultural industry and soybean farmers.
“As always, we welcome competition and innovation to the industry, while keeping the best interests of soybean growers at the forefront,” said ASA President Richard Wilkins, Greenwood, Del. “ASA looks forward to the opportunity to provide comments to the companies and U.S. regulatory authorities that must approve any merger, and will continue to study how this merger will affect soybean farmers.”
Chip Bowling, Maryland farmer and president of the National Corn Growers Association, also responded to the announcement of a merger agreement between Dow and DuPont.
“The National Corn Growers Association is committed to protecting the best interests of our members and our nation's corn farmers. With respect to the proposed merger, we anticipate that we will have an opportunity to submit comments regarding the effect this merger may have on agricultural research, innovation, grain marketing, and the competitive pricing of farm inputs. We will do all we can to protect farmer interests and preserve an open and competitive marketplace.”
The proposed merger will still need to clear regulatory hurdles.