China’s Ban of Syngenta® MIR 162 corn seeds and U.S. Farmers’ Economic Damages

The United States produces more corn than any other country in the world. Approximately eighty million of acres of land are devoted to corn production.

A key percentage of U.S. grown corn is exported. China is a major recipient of exported U.S. grown corn, ranking third in the U.S. corn export market globally.

In January this year, Chinese inspectors returned to U.S. grain distributors roughly 600,000 tons of U.S. produced corn, asserting that these products failed to pass China’s quality-control standards, specifically concerning genetically modified crops such as Syngenta’s® MIR 162 corn. As a result, the U.S. corn market has been upset economically and trade relations between the U.S. and China has suffered major setbacks.

Huge Drop In U.S. Corn Prices Equals Economic Damages for U.S. Farmers

U.S. Corn futures prices have dropped nearly18% this year due to favorable growing conditions, resulting in what is expected to be one of the largest U.S. corn crops in history to date. However, China’s rejection of U.S. corn imports effectively added supply to the broader corn market, lowering the price of corn by 11 cents a bushel.

Syngenta® aggressively marketed its MIR 162 GMO corn while misleading U.S. farmers that China’s approval of accepting the product was imminent, and further downplayed the economic impact of the Chinese export market for U.S. corn. To date, there is no solid indication that China will ever approve exports of Syngenta’s® MIR 162 corn.

Let Us Work For You To Recover Compensation For Lost Profits

If your farming business grew, harvested, and sold non- MIR 162 corn on a commercial basis, which was cross-contaminated by the Syngenta® MIR 162 strain, or if you received income from non- MIR 162 corn under a crop-share arrangement from November 2013, through today, you may have a claim to recover monetary compensation for lost farming profits. The law firm of O’Hanlon, McCollom & Demerath will aggressively represent your interests and will stringently endeavor to ensure you receive the justice you deserve. Contact our Syngenta® GMO Corn Seed lawsuit attorneys today for a free, no obligation review of your Syngenta® GMO Corn Seed case.