February 11, 2015
The agriculture industry makes up an integral part of Indiana’s economy, accounting for an estimated $4.4 billion in produce value. So when the negligent practices of a seed supplier affected corn prices in the United States earlier this year, many farmers took legal action.
Problems arose when seed supplier, Sygenta Corp., stated that China was on the verge of accepting a genetically modified (GMO) strain of corn known as Agrisure Viptera. Instead, Chinese officials placed a ban on the corn.
Since crops were mixed together prior to their export, tons of non-GMO corn were mixed with the Sygenta strain, causing the shipments to each contain trace amounts of the banned corn and preventing the shipments from entering China. This, in turn, caused the price of corn to plummet.
Many farmers filed Sygenta GMO corn lawsuits in response. The lawsuits allege that Sygenta’s failure to prevent their product from contaminating other crops caused serious economic loss. According to WDRB News, several farmers in Indiana have filed such suits.
At Stewart & Stewart Attorneys, we understand the economic impact a drop in corn prices can have on many Indiana businesses and families. That’s why our Indiana personal injury lawyers are hopeful a fair resolution can be reached between farmers and seed producers in these cases.