Iowa Senator Chuck Grassley (R) Calls For "Close Review" of Dow Chemical-Du Pont Merger

Citing concerns of Iowa farmers, a Business Insider article says Sen. Chuck Grassley of Iowa said that he would ask the Justice Department to conduct “a careful analysis” of the planned merger between The Dow Chemical Company DOW and E. I. du Pont de Nemours and Company DD.

According to Grassley, his focus is less on this particular tie-up and more so on massive consolidation in agriculture across the board.

Grassley told the Justice Department’s anti-trust division that he worried three major deals in seed and chemical would “decrease competition … adversely impact choice and price of products for farmers and consumers … and raise barriers in the market for smaller companies and potentially harm innovation.”

The Senator has not indicated that he will hold a hearing on the merger. DuPont spokesperson Dan Turner said that extensive review of the $130 billion deal.

Dow Chemical closed down a half percent at $51.86 Wednesday, with DuPont down just 0.14 percent at $65.76.