Iowa Corn Growers May Have Claims Against Syngenta for Lower Corn Prices
A number of lawsuits have been filed against Syngenta arising out of its sale of Viptera, genetically modified seed corn. Viptera has not been approved for sale in China and China has rejected numerous shipments of U.S. corn based on the possibility that the corn may contain the unapproved genetic modification. Lawsuits have been brought by corn growers throughout the nation, including in Iowa, who did not purchase the Viptera seed corn, but nevertheless suffered a drop in corn prices because of China's rejection of US corn. Farmers assert they have suffered $1 billion in losses because of the overall depression of the corn market resulting from Syngenta's sales of Viptera without Chinese approval.
Brady Preston Gronlund is currently investigating claims for Iowa farmers. If you are an Iowa corn grower and would like to know if you have a claim, contact us today.