Tom Vilsack on Bayer, Monsanto Deal and Consolidation

The transcript discusses the impact of mergers in the agricultural sector, highlighting concerns about consolidation and the role of small seed companies in driving innovation. It addresses regulatory questions and the importance of open data and globalization in agriculture. The conversation emphasizes the need for accelerated innovation and research to meet future challenges, including climate change. Farmers' concerns about competition and the diversification of agriculture are also explored.

What is a key concern for farmers regarding mergers in the seed and fertilizer industries?

• Higher commodity prices

• Increased competition

• Lack of innovation

• Limited choices

Why is open data considered important in the context of global agricultural mergers?

• It facilitates information sharing to tackle global challenges

• It reduces the cost of mergers

• It increases the number of small companies

• It limits the influence of large corporations

What is the expected level of innovation in agriculture over the next 35 years compared to the past?

• Less innovation than the past 10,000 years

• The same level of innovation as the past 10,000 years

• More innovation than the past 10,000 years

• No significant change in innovation

How has agricultural production changed in recent decades according to the transcript?

• Decreased with less land and fewer farmers

• Remained the same with more land and more farmers

• Increased with more land and more farmers

• Increased with less land and fewer farmers

What new opportunities are emerging for seed companies and farms in America?

• Expansion into international markets

• Focus on traditional farming methods

• Involvement in local and regional food systems

• Reduction in crop diversity