For the corn farmers

keh · Feb 24, 2015

Two cass action lawsuits have been filed against Syngenta, a Switzerland based company accusing the company of causing economic loss after it marketed
two genetically modified strains of corn, Agrisure Viptera and Agrisure Duracade. Problem is that China has outlawed this corn and started refusing shipments of US corn one year ago after a genetic trait found in Viptera-MIR162- that was detected in the shipments.

Lawsuits were filed in ST. Louis and Kasnsas City, Kansas.

I'm not at all familiar with this but though it might be of interest to corn producers.

KEH

dhermesc · Feb 24, 2015

After the lawyers collect millions the farmers that lost thousands will collect pennies.

gene bender · Feb 24, 2015

The ban has been droped so now they are buying the corn.

TomH in PA · Feb 24, 2015

China used the gene as an excuse to weasel out of contracts when the price of corn started to drop.

They didn't have a problem with GMO corn when the price was going up.

rrlund · Feb 24, 2015

In addition to China approving the trait,Syngenta has filed a counter suit. I don't know that I'd want my name on that class action suit right now.

Brown Swiss · Feb 24, 2015

Good news for the lawyers!

paul · Feb 24, 2015

Very similar to the 'Starlink' case years ago, I'm sure the lawyers are following that as a blueprint......

We farmers likely lost 10-20 cents a bu on our corn. The lawyers got 1/3 plus expenses, or roughly 40% of the Starlink settlement. Us farmers got the remainder. My share came to - oh boy - $81.

China wasn't actually opposed to the trait at all. They saw the high corn prices, and saw that as a marketing trick. Condemn a couple ships of corn, watch the prices drop, and buy the same ships of corn for 1/4 off...... They are very, very good marketers......

Paul

Den N Ms · Feb 24, 2015

dhermesc,Your right ,isn't that the way it always goes lawyers filling their pockets!And the farmer turning his overall pockets inside out with nuthin but dust in them!

fixerupper · Feb 24, 2015

Advertising i see blames Syngenta for farmer bankruptcy. If a farmer was put out of business by a twenty cent drop in price he was on the way out already

L.Fure · Feb 24, 2015

(quoted from post at 21:57:51 02/24/15) China used the gene as an excuse to weasel out of contracts when the price of corn started to drop.

They didn't have a problem with GMO corn when the price was going up.

If that was the case ,I wouldn't ship anymore corn to them until the money was handed over. If they don't honor their contracts they shouldn't be taken as a serious buyer.

Trevor4440 · Feb 25, 2015

Hahahaha. Can't make no money farming, just can't make no money farming. I farm myself part-time, I'll call it 1/4 time as I figure I've got about 500 hours a year in it. 160 acres corn and beans, low productivity ground and I make money. I'd like to shake the $100,000 out of the pockets of the spotlessly clean jeans the neighboring big time farmers make. Of course I'd have to get them out of one of their brand new diesel pickups and that's probably not going to happen.

For the corn farmers

keh

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dhermesc

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gene bender

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TomH in PA

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rrlund

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Brown Swiss

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paul

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Den N Ms

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fixerupper

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L.Fure

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Trevor4440

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