African Farmers Beware & Be Wary! Pannar Subjugated & Subsumed
Unethical U. S. Chemical Conglomerate Grabs Control of Key South African Seed Company
Good Evening, Bonsoir, Guten Abend, Buona Sera,
Readers, after a bitter and belligerent fight for three years with regulators in South Africa, DuPont's imperious Management announced this morning that they had finally conquered a major seed house in Africa, which had been independent for 55 years. DuPont is gobbling up an 80% stake in Pannar Seed Ltd, based in South Africa with operations throughout the continent.
What does this mean for African farmers and millions with little money for food? Watch out. We speculate prices on seeds will soon be hiked to pay for the obese overhead of this sprawling American conglomerate, whose Chieftess, Ellen J. Kullman hauls down pay of $300,000.00 a week! That's $15 million a year just to feed and house her in the organisation, forgetting about circa 100 grossly overpaid DuPont Presidents and DuPont Vice Presidents and DuPont General Manager equivalents.
And what might befall Pannar? Shortly after DuPont gobbled up Pioneer Hi-Bred Int'l circa 1998 et aeq., Pioneer begin to suffer from R & D lags, and much of its better talent left the building in retirement or for opportunities elsewhere. Pioneer the biggest and leading seed house in the U. S. since the mid-1930's soon lagged the robustly growing and superior-managed Monsanto. Monsanto reigns globally today as the leading innovator and king of biotechnology in seeds.
Merely the commentary of one independently-speaking investor and long-time student of the DuPlicitous DuPont in decline...funfun..
As you can see by the hostile attack by the obvious shill for DuPont Management below, we must have hit the nail on the head. African farmers, many of them poor and struggling, will soon be hit hard with seed price hikes by the sprawling conglomerate based across the Atlantic in Fortress Wilmington.
Pannar is about to be "Pioneered".
In the meantime, the DuPlicitous DuPont with its partner old giant BP are putting over 1 million tonnes of wheat yearly into the tanks of cars and trucks, manufacturing costly biofuel from wheat (read that bread) at their huge factory in Hull England. DuPont's flawed business model of FOOD-to-FUEL & FABRICS exacerbates global food shortages and hikes food prices. And that's good for starving African women, men, and children by the millions?
You forgot to mention the first thing that will befall Pannar. Now that they're in the DD fold, you'll be dissing them and their products as second rate. Just like you do comparing Danisco now with Novozyme. This looks like a setback for your beloved MON too. It wouldn't surprise me if MON had filed some of the objections with the S. African regulators that led to the bitter 3 year fight to complete the acquisition. Perhaps as Mr. Font of Information All Things MON you'd care to enlighten us about MON's presence in S. Africa. Does "king" MON rule there too? After all isn't it important for SYT shareholders to know what competitors like MON are doing in Africa in addition to competitors like DD? Just don't tell your buddy alias Fan_of_funfun if you post. You know how he objects to off-topic posts about other companies like MON or Dow here on the SYT board. It'd be a shame if you upset him so. If he saw you posting all this DD info here on the SYT board, surely the hypocrite would give you an earful.
PS: See we can repost just like you.