Farm groups and farmers continue to have concerns about the effects on competition of Bunge Ltd.’s US$8.2-billion acquisition of Viterra Ltd. following the Canadian government’s announcing Tuesday its approval of the merger.

The conditions and terms attached to the federal approval of Bunge Ltd.’s US$8.2-billion acquisition of Viterra Ltd. are “woefully inadequate” to address the profound impact on the market, Grain Growers of Canada’s executive director says.

The Canadian government has approved Bunge Ltd.'s US$8.2-billion acquisition of Viterra Ltd. in a decision that includes terms and conditions meant to allay concerns about competition.

OTTAWA, ONTARIO, CANADA — Grain Growers of Canada (GGC) said the approval of Bunge Global SA’s acquisition of Viterra does not go far enough to protect market competition for Canadian farmers and it is “extremely disappointed” by the decision announced Jan. 14 by Minister of Transport Anita Anand.

Transport Minister Anita Anand announced Tuesday that the federal government had approved the acquisition of Viterra Limited by global agri-business Bunge Global SA, subject to extensive terms and conditions designed to safeguard competition and promote economic growth.

By Ed White WINNIPEG, Manitoba (Reuters) -Farmers warn Canada's approval of U.S. grain trader Bunge's $34-billion takeover of Glencore-backed Viterra will reduce their options to sell crops at competitive prices,

Bunge Limited’s BG pending merger with Viterra has been approved by the government of Canada. The approval, however, comes with terms and conditions to protect competition, encourage investment and secure economic benefits for Canada.

Canada's government said late Tuesday it approved Bunge's (NYSE:BG) proposed acquisition of Glencore-backed (OTCPK:GLCNF) (OTCPK:GLNCY) Viterra after the companies agreed to concessions to address antitrust concerns.