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, and say the government did not require enough concessions.

The federal government’s approval of the Bunge-Viterra deal puts Saskatchewan jobs and farmers at risk. Less competition means lower incomes and fewer opportunities. In a statement, the Government of Saskatchewan said its priority is ensuring producers in the province “continue to be competitive with access to key global markets

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 on Tuesday approved with conditions U.S. grains merchant Bunge's $34 billion merger with Glencore-backed Viterra, clearing one of the final remaining obstacles for a global agriculture tie-up that is unprecedented in dollar value.