It all comes down to corn prices. During the season, you put in the long days, plenty of hard work, but the harvest’s success still comes down to corn prices.
For corn farmers across the US, 2013 was a challenging year. The Swiss biotechnology company, Syngenta, and their GMO corn seed, Agrisure Viptera, are what many corn farmers and those who work in the corn industry point to as the reason why 2013 brought so many challenges, chief among them financial troubles due to the severe drop in corn prices.
Prices took a plunge because of China, a major importer of US corn. However, in 2013, China refused to import GMO corn, in this case Agrisure Viptera, that they had not yet approved. US corn farmers were left with lots of corn and no one to buy it.
Seeking to recover their losses, US corn farmers are filing GMO corn seed lawsuits targeting Syngenta.
A primary claim is that Syngenta laid the foundation for financial troubles when they started selling their GMO corn seed to US corn growers without first getting approval from major trade partners, like China.
According to the Fulton Sun, a news outlet in Fulton, Missouri, corn prices plunged to $3.30 per bushel from $7 following China’s import rejection. The news outlet mentioned that nearly 400,000 US corn farmers felt the impact of the price decline, and more than 20,000 of these farmers have since filed lawsuits.
Large agricultural companies have also gotten involved in lawsuits. Cargill and Archer Daniels Midland have filed suits against Syngenta as well.
With our headquarters in St. Louis, we are uniquely situated to help US corn farmers explore their legal options. Carey Danis & Lowe offers free case evaluations, so if you believe that you have a GMO corn seed lawsuit, you can reach our law offices by phone at 800.721.2519 for assistance.References: Consumer protection, GMO