Syngenta could pay out $1.51 billion to farmers for growing GMO corn without Chinese approval

March 13, 2018 |

In Kansas, a $1.51 billion settlement by Syngenta is waiting for a federal district judge’s approval before being confirmed, bringing to an end the nightmare faced by the corn and ethanol industry after China closed its doors in November 2013 to DDGS produced from two GMO strains it had not yet approved. Despite the Syngenta strains not being approved in the Chinese market, the company sold seed to farmers across the country. If the judge approves the settlement, it could be distributed to class members as early as H1 2019.

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Category: Producer News

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