Syngenta Settles MIR162 Case for $1.51 Billion

March 12, 2018 05:02 PM

In a nationwide class action, Syngenta will pay a $1.51 billion settlement to U.S. corn farmers, grain handling facilities and ethanol plants. The settlement covers corn priced after September 15, 2013.

All farmers are eligible for the settlement, including those who might have opted out of previous Syngenta lawsuits. When funds are available farmers must submit a claim form to collect—notices will likely be mailed and farmers will need to submit forms, opt out or object to agreement terms.

This settlement comes after years of litigation. Plaintiffs alleged Syngenta’s introduction of MIR162, Agrisure Viptera, corn before it was approved in China lead to loss of income. Chinese ports rejected loads of corn that tested positive for the trait.

“We are very pleased with this outcome,” said the plaintiff’s counsel in a joint statement. “America’s corn farmers and related businesses were hurt economically and this settlement will provide fair compensation for their damages. It is an equitable result for all involved.”

After claims are submitted, U.S. District Judge John W. Lungstrum in the District of Kansas will decide whether or not to officially approve of the $1.51 billion settlement. Lawyers for the plaintiffs said they expect funds to be distributed as early as the first half of 2019.

 “This settlement does not constitute and admission by either side concerning the merits of the parties’ allegations and defenses,” said Syngenta in a statement provided to AgWeb. “With this litigation largely resolved, Syngenta will continue its focus on agricultural innovation, and continues to believe that the American farmers should have access to the latest U.S.-approved technologies to help them increase their productivity and crop yield.”

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Spell Check

cut bank, MT
3/12/2018 05:44 PM

  How sanctimonious. Syngenta has no sympathy for farmers and their increased yield, their only concern is their profit margin. If they were truly pro farmer they would have admitted fault and settled a long time ago. The prices are getting better, but a month ago we had a glut of grain worldwide and probably will again. We don't need greater yields to drag the price down, we need lower input costs.

luke strawwalker
Needville, TX
3/13/2018 10:51 PM

  Plus, the simple fact is, these big multinational companies never pay for ANYTHING... all they'll do is jack up prices on the farmer, spread those costs of this "settlement" on EVERYBODY so that everybody pays MORE for the products so that the money gets siphoned off to scumbag lawyers and gubmint types and "the corn industry" while a pittance sifts down to the farmer... So essentially the farmers end up paying more for product to give a big payout to the big corn industry fatcats that comingled the grain and "hurt prices" in the first place... screwed from both sides... After all, it's not the CORN SHIPPERS who buy Syngenta's products, it's the farmers planting it and spraying their products in their fields...


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