Corn Seed Settlement participate in the Settlement unless that fixed cash amount is tied to the price of Corn. If you claim as a landlord based on a fixed cash amount tied to the price of corn, you will have to provide proof of such an agreement with a Producer. A landlord must submit his or her own Claim Form.
Full Answer
What happened to Syngenta corn seed settlement?
The Syngenta Corn Seed Settlement is closing. The Claims Administrator is sending final notices to claimants who are eligible to receive funds but have outstanding issues preventing payment. Those claimants must respond and cure all of their claim deficiencies by the deadline listed in the notice or they will not receive payment.
How much has the corn seed settlement program paid out?
Welcome to the Official Website of the Corn Seed Settlement Program. As of August 19, 2021, the Settlement Program has fully paid over 99% of the 191,249 claims which are eligible for payment. Over the course of approximately 18 months, the Settlement Program has paid a total of $956,388,976.67 to these claims.
What was the settlement for the Duracade case?
The settlement also includes any grain-handling facility and ethanol plants that owned interest in corn priced for sale during the period. As part of the settlement, the first class was to receive at least $1.44 billion. Most of that money is paid to corn growers and landlords who did not grow Duracade or Viptera corn seeds.
When will I receive my corn settlement check?
Corn farmers who are part of the settlement are receiving Notice of Determination forms that calculate the portion of the settlement they will receive when the checks are distributed later this year. We anticipate the checks will go out in late spring or early summer 2020.
How much is the settlement for Agrisure Viptera?
The court previously approved the $1.51 billion settlement from a lawsuit filed following Syngenta’s release of Agrisure Viptera (MIR162) and Agrisure Duracade corn traits.
Does Syngenta have settlement funds?
Syngenta plays no role in the distribution of settlement funds. According to the court motion, the final round of payments likely would have been pushed into 2021 as a result of an appeals process. Instead, the motion will allow the final disbursement to be more than 194,000 class members.
When was Syngenta v. Kansas verdict?
On June 23, 2017 , at the end of a three week trial, a jury in the United States District Court for the District of Kansas issued a verdict in favor of a class of Kansas farmers against Syngenta. The jury’s Verdict Form includes the following questions and answers:
Who is the expert in the Kansas case?
One expert is Bruce A. Babcock, a Professor in the Department of Economics at Iowa State University. The other is Colin A. Carter, a Professor of Agricultural and Resource Economics at University of California, Davis. These two experts identify “cents per bushel market losses” and total market losses as follows:
Is there a settlement with Syngenta?
Everyone interested in the farmer lawsuits against Syngenta knows about reports of a settlement between the disputing parties, achieved in the midst of a jury trial. But the settling parties aren’t saying what the details of the settlement might be. Following is an effort to gather some available information and hypothesize there from what the settlement might mean for individual farmers.
Is Syngenta going to appeal the jury verdict?
Syngenta has expressed its intention to appeal the jury verdict, but the deadline for doing so has not yet arrived.
How much is Syngenta's settlement?
The U.S. District Court for the District of Kansas in Kansas City granted preliminary approval of a $1.51 billion settlement from a lawsuit filed following Syngenta’s release of Agrisure Viptera and Agrisure Duracade MIR162 corn traits.
When is Syngenta's final payment due?
The final $1.1 billion is due either by April 1, 2019, or 30 days after the court’s final approval order, whichever comes later. Payouts will not begin until the total funds are deposited and the court approves the final settlement, likely more than one year from now.
Can a landlord with fixed cash rents participate in a crop share settlement?
Landlords with fixed cash rents are not eligible.
Does Syngenta sell corn?
Plaintiffs in the case allege Syngenta sold corn with Agrisure Viptera and Duracade traits prior to those traits receiving import approvals in several countries , including China. China claims it found and rejected corn shipments containing the traits, which plaintiffs say led to lower corn prices.
Where to send W-9 to corn seed settlement?
They may do so in one of two ways: (1) go to www.CornSeedSettlement.com and click SUBMIT MY W-9 FORM, or (2) complete the W-9 form included in the NOD, and mail it to: Corn Seed Settlement Program Claims Administrator, P.O. Box 26226, Richmond, Virginia 23260. There is no deadline to submit your IRS W-9 form, but until you do, you won’t be paid.
When did Syngenta launch genetically modified corn?
This week we received some very good news for corn farmers nationwide who suffered price losses associated with the botched launch of genetically-modified corn seed by Syngenta in 2013. On January 3, 2020, the U.S. District Court for the District of Kansas in Kansas City approved a $1.5 billion settlement to compensate thousands of farmers for their losses.
How much is the settlement for the corn farmers?
In late 2018, the court approved the settlement for $1.51 billion. The settlement includes all U.S. corn farmers, including those who opted out of the original class-action suit and those who grew Agrisure Duracade and Agrisure Viptera.
What is going on with the settlement right now?
Several individual attorneys are currently appealing the final order , arguing that the judge did not have the authority to invalidate the contingent fee agreements. At the same time, other appeals are ongoing from class members who feel the final settlement is not fair.
What led to this settlement?
In 2010, Syngenta was approved to begin selling seeds containing the MIR162 genetic event . Syngenta started selling the MIR162 in 2011 in Agrisure Duracade and Agrisure Viptera corn varieties. The Chinese government had yet to approve MIR162, but in 2013 MIR162 appeared in shipments to China.
When did Syngenta start selling Mir162 seeds?
In 2010, Syngenta was approved to begin selling seeds containing the MIR162 genetic event. Syngenta started selling the MIR162 in 2011 in Agrisure Duracade and Agrisure Viptera corn varieties. The Chinese government had yet to approve MIR162, but in 2013 MIR162 appeared in shipments to China.
Is settlement a guess?
With too many unknowns currently, any estimate on a settlement amount is a guess.