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.

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.

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.

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.

Bunge Global SA, one of the world’s largest crop traders, received approval from Canada for its $8 billion acquisition of Viterra Inc.Most Read from BloombergThese Homes Withstood the LA Fires. Architects Explain WhyAs E-Bikes Boom in NYC,

Canada has approved Bunge’s $8.2 billion deal for Glencore-backed Viterra, as the companies agreed to concessions to address previous antitrust concerns.

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.