In November 2013, China – a growing market for U.S.-produced corn – essentially closed its doors to U.S. corn upon the discovery of a genetically modified trait that was not approved for import into the country. The trait had become mixed with the U.S. corn supply.
Swiss agricultural manufacturer Syngenta began selling farmers the trait, known as Agrisure Viptera MIR 162, while aware it had not yet been approved for import into a very important market. As a result, American farmers went from being the primary seller of corn to China to being essentially excluded from that market.
Report: Syngenta Corn Responsible for Up to $3 Billion in Losses
By the time China approved the Viptera corn for import more than a year later, the damage had already been done.
The total impact on the U.S. corn industry was a loss of $1 billion to $2.9 billion, according to the National Grain and Feed Association. This impact was felt at family-owned farms across America’s heartland.
Whether you grow corn on your family farm or you making a living transporting the crop, you may be eligible to file a legal claim against Syngenta to recover the revenue you lost. You did nothing to deserve this.
760+ Lawsuits Filed Against Syngenta
The Agrisure Viptera product is a corn trait that is genetically modified to make it resistant to pests that could destroy a corn field. Because Viptera corn contaminated the U.S. crop, the decline impacted corn farmers near and far – including those who didn’t even buy or plant Viptera corn.
As of February 2015, more than 762 lawsuits had been filed against Syngenta from farmers, producers and others in the corn industry who suffered financial losses, the Associated Press reported. The company “gambled U.S. farmers’ livelihood on approval of Viptera by the major corn-importing countries,” one lawsuit reads, the AP reported.
The lawsuits allege:
- Syngenta was aware that Agrisure Viptera was not approved from import into China when it was released.
- The company should have known that Viptera would contaminate the entire U.S. corn stock.
It is difficult to understate how important the Chinese market is to U.S. corn producers. The USDA estimates that Chinese corn imports will increase nearly tenfold by 2023.
Syngenta knows how vital this market is. That’s why it was inexcusable for them to sell Viptera before it was approved in China.
As a result of China’s scrutiny of U.S. corn, only approximately ¼ of all U.S. corn destined for China was actually delivered in the 2013-2014 sales year, according to the National Feed and Grain Association.
Syngenta is a Swiss company that is worth billions of dollars. It is the largest producer of pharmaceutical chemicals in the world.
This foreign company must be held accountable for its actions.
Let Us Help You Fight Syngenta
The attorneys at Childers, Schlueter & Smith have devoted their careers to helping people who have been harmed financially or physically. We are willing to go up against any company, no matter how large, to seek compensation for our clients.
We understand that you may be hesitant to hire a lawyer. It’s something no one wants to have to do. But you need to know that if you want to seek compensation, Syngenta has a team of highly skilled attorneys who don’t care about you or the financial wellbeing of your business. You need someone on your side who does.
That’s our job as attorneys.
Case Evaluations Are Always Free
If Sygenta’s practices financially damaged your business, we can help get you back on track. Our knowledgeable attorneys offer free consultations. We will get the details of your case and discuss your options. We’ll tell you how we may be able to help, and then you decide. There’s no obligation.
Give us a call today at (404) 419-9500 or fill out the form on this page to get in touch with us.