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Syngenta ordered to pay farmers more than $217 million in corn suit

 

By: Georgia Farm Bureau
6/28/2017 1:36:54 PM

 

More than 7,000 Kansas farmers were awarded a total of $217.7 million in a federal lawsuit against Swiss seed manufacturer Syngenta in a verdict issued on June 23, according to published reports. Syngenta has indicated it will appeal the verdict, in which the federal jury in Kansas found the company marketed its genetically modified corn, Agrisure Viptera, in 2011.

The Viptera seed was approved by the U.S. in 2010, but China, a key export market for U.S. corn growers, had not approved it and started refusing shipments of U.S. corn in 2013. The sweeping ban included corn from growers who did not use Viptera seed. With China's ban in place, U.S. corn prices fell and according to the farmers' attorneys, the farmers sustained more than $5 billion in economic losses.

 

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