GMO Lawsuit: Iowa Farmers Are Suing Syngenta Iowa farmers are suing biotech giant Syngenta over GMO contamination which prompted China to cancel corn orders and refuse shipments. Genetically modified (GMO) corn was rejected by China last year because Beijing officials considered the genetically engineered crop strain “contaminated.” The specific type of corn, Syngenta AG’s Agrisure Viptera, had not been approved by China. The rejection of the corn led to a drop in grain and soybean futures, and a three-year low for the price of corn at the Chicago Board of Trade amid concerns that China is going to limit not just corn but all agriculture imports. A similar drop in wheat and alfalfa prices occurred earlier in 2013, when GMO strains of both alfalfa and wheat were discovered in Washington and Oregon. Sixteen Iowa farmers and businesses filed a GMO contamination lawsuit against Syngenta, seeking both punitive and monetary damages. The biotech company — which rivals Monsanto for a share of the genetically modified seed market — is based in Switzerland, but also has operations in Iowa.
Posted on: Mon, 05 Jan 2015 12:09:05 +0000
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