- April 18, 2018
- Posted by: Daniel Lefstad
- Category: News
Syngenta Corn Class Action (5/11/2018)
Anyone who wishes to be part of the class action must file a claim, regardless of if they have filed previously with a law firm.
Class action claims can now be filed on the Syngenta corn lawsuit at www.cornseedsettlement.com. The information you will need to provide includes your SSN/EIN, contact info, if you have reported your acres at FSA previously and also if you have signed up under a law firm previously. The claim will be paid out based on your FSA reported acres and county yield data – therefore you do not need to provide any of your production history. Claims must be filed by October 12, 2018 to be eligible.
If you have any questions or would like help completing the claim form, give us a call at 218-935-2700.
Syngenta Corn Lawsuit (4/19/2018 )
More information has recently been released on the Syngenta Corn Lawsuit. Farmers who grew corn from 2013 to 2017 are eligible to be part of the $1.51 billion dollar settlement. The $1.51 billion dollars will be divided between four different groups. The first group consists of all corn growers who did not grow the Viptera or Duracade varieties and will receive approximately $1.438 billion or 86% of the settlement. The other groups consist of grain handlers/elevators ($29.9 million), ethanol plants ($19.5 million) and corn growers who did grow the Viptera/Duracade varieties ($22.6 million). Legal teams are expected to receive about 1/3 of the total settlement. Farmers will be paid a weighted percentage of the bushels they produced in a given year as follows: 2013 (26%), 2014 (33%), 2015 (20%), 2016 (11%), and 2017 (10%). Producers will be paid out per bushel, based on county average yields – not on your actual individual proven yield. Per bushel payments are not known at this time until the amount of claims and bushels are finalized.
Farmers who grew corn from 2013 to 2017 are likely to start receiving notices on May 11th via mail. Producers can register and participate even if they have not signed up through an attorney by going to www.CornSeedSettlement.com and registering your claim and filling out a questionnaire (This can also be done by mail as well). Farmers will have until October 12th, 2018 to file their claim. If the judge approves the current deal this November payments would likely start after April 1, 2019.
For more information, see the following AgWeek article: