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HURON, S.D. – Impacts of market consolidation on farmers and ranchers was the focus of Minnesota Senator Amy Klobuchar’s February 26 presentation to producers during the 2021 National Farmers Union Virtual Convention.
“Farmers are paying a lot more, but not getting a lot more,” Klobuchar said. She shared that this is largely due to market consolidation – noting just two companies sell 80 percent of all corn seed. And the Chairwoman of the Senate Judiciary Subcommittee on Competition Policy, Antitrust, and Consumer Rights, pointed out increased input costs do not translate to increased profits.
“When it comes to selling crops and livestock, farmers and ranchers have ever fewer options as they struggle to get a fair price,” Klobuchar said.