You already know the impact of the drop in corn prices on your farm. What most people don’t realize is why the price of corn has dropped, or that it could have been prevented.
Despite warnings from the NGFA, Syngenta Seeds, Inc. marketed the new GMO seed Viptera before it was approved by China, the third largest consumer of U.S. corn products.
When corn shipments arrived in China carrying unapproved Viptera, China began enforcing its zero tolerance policy for the unapproved GMO traits.
Although a majority of U.S. farmers did not use unapproved Syngenta seed, their corn was mixed in with Syngenta products during storage and shipping, resulting in China rejecting all U.S. corn, and causing a decline in corn prices.
In 2014, Syngenta introduced Duracade into the U.S. market, once again prior to approval in China. Since January of 2013, U.S. corn trade with China has virtually ceased and corn prices have remained low, costing U.S. farmers billions in lost profits.
If you sold corn during the 2013, 2014, 2015 or 2016 season, your crop prices were most likely affected by Syngenta’s decision to prematurely market its seeds before gaining approval from all of the U.S.’ major trading partners, including China.
If you have any questions about your rights and whether you qualify to submit a claim, please contact us. We will answer your questions for free and there is no obligation.
It does not cost you anything to file a claim against Syngenta.
There are absolutely no fees or expenses unless we recover money for you.
Our law firms are paid only if we get you compensation for your crop losses from Syngenta.