Rising food prices may start with seeds

Farmers say consolidation in the industry means they're forced to buy more costly seeds. But Monsanto, the world's largest seed firm, says competition 'is alive and flourishing.'

Competition to one is monopoly to another. It's all a matter of perspective.

Today the Leakes have little choice: There are four seed companies in their area, and all sell seeds that include genetic traits patented and licensed by Monsanto Co., the world's largest seed firm.

"There's basically nothing else available," said Leake, 48. "You have to use their seeds and pay their prices."

For those MBA types, this is five star industry using Porter's model. It is also a byproduct of authoritative free enterprise and devaluation.

Source: articles.latimes.com