World Bank and Agriculture monopoly

Thursday, 19 January, 2017 - 18:00

In the report, “Down On the Seed, the World Bank Enables Corporate Takeover of Seeds”, the Oakland Institute explained how multinational companies already exercise tight control on the majority of the world’s seed industry.

It shows how the world seed market currently lies in the hands of only six agribusinesses transnationals, while small campesino farms “currently provide 80 to 90 percent of the seed supply in developing countries through on-farm seed saving and farmer-to-farmer seed exchange.”

In response to the World Bank’s report titled, "Enabling the Business of Agriculture" 157 organizations and academics signed a letter addressed to World Bank President Jim Yong Kim and the EBA’s five donor organizations, to demand an end to the controversial project.