The Problem: Claims are being made against Syngenta and Non-Syngenta corn producer and/or seller across the U.S., for damages to the corn market and farmers’ reduced profits.
The Response: Nearly 3 billions dollars was lost to corn farmers because of the corn seed sold to farmers that didn’t meet the non GMO standards of China. Lawsuits are being filed against the seed company.
What Can We Do to Help: Our experienced attorneys can review your medical records and advise you if filing a case is in your best interest.
The attorneys at Gallon, Takacs & Boissoneault are investigating claims against Syngenta for every Syngenta and Non-Syngenta corn producer and/or seller across the U.S., for damages to the corn market and farmers’ reduced profits. Find out if you or a farmer you know may be entitled to seek compensation by completing our free case evaluation.
Syngenta is one of the world’s leading companies involved in biotechnology and genomic research. They developed a new corn seed MIR162 that was sold to American corn farmers with the assurance that China would buy the corn. The product failed the strict Chinese genetically modified trait standards and China refused all imports of American corn – causing millions of dollars of losses for American farmers.
Syngenta was formed in 2000 by the merger of Novartis Agribusiness and Zeneca Agrochemicals. In 2009, Syngenta was ranked #3 in total seeds and biotechnology sales in the commercial market and by 2014 sales projected around $1.5 billion.
Syngenta spent millions of dollars and years of research to develop MIR162, a genetically modified seed which was designed to protect corn crops against damage from more than a dozen insect species, such as corn borer and corn rootworm. MIR162 had been approved in the U.S., but not in all export markets, including China. It was sold under the following names:
- Agrisure Viptera
- Agrisure Duracade
In order for Syngenta to successfully sell their corn products, they convinced corn farmers to buy these seeds while assuring the farmers that China would eventually approve the products. Syngenta had been warned by several agencies of the potential negative effects of releasing these seeds without prior approval, yet they chose to recklessly push their marketing efforts forward.
In 2009 Syngenta sold its corn trait MIR162 to American corn farmers without necessary regulatory approvals from China, which is a major U.S. corn export market. In November 2013, a shipment of U.S. corn to China tested positive for the genetically-modified MIR162 trait. As a result to China’s 0-tolerance policy on unapproved genetic traits, China began refusing shipments of U.S. corn completely in February 2014, which negatively impacted the price U.S. corn farmers obtain for their corps.
In April 2014, The National Grain and Feed Association (NGFA) estimated that Syngenta caused approximately $2.9 billion in losses in the U.S.
China was one of the largest and growing export markets to the U.S. and was to top corn destination in 2013-2014, and predicted by the USDA to be the United States’ largest export market by the year 2020. In the last year, U.S. corn exports to China have plunged 87% compared to the year prior and future corn prices have dropped approximately 14% this year.
If you or a farmer you know believe you may have been economically affected by Syngenta’s corn, you may be entitled to compensation. The Syngenta Corn attorneys at Gallon, Takacs & Boissoneault are dedicated to ensuring companies are held responsible for the dangerous side effects of their products. Call our Syngenta attorneys at Gallon, Takacs & Boissoneault or fill out the free case evaluation. We want to help you.
The attorneys at Gallon, Takacs & Boissoneault are investigating claims.