In its second proposal to settle future lawsuits that allege its Roundup weedkiller is carcinogenic, seed and ag-chemical giant Bayer said on Wednesday that it would pay up to $200 million to individual claimants and a maximum of $2 billion overall to cover lawsuits filed in the next four years.
Two weeks after agreeing to pay up to $9.6 billion to resolve thousands of cancer lawsuits against glyphosate, seed and ag-chemical giant Bayer is still looking for a way to handle future litigation against the weedkiller. A proposal to appoint a panel of experts to decide if glyphosate is carcinogenic — a pivotal question for cases filed in coming years — died on Wednesday following criticism from the federal judge handling the lawsuits.
Under the terms of an agreement announced Wednesday, seed and agribusiness giant Bayer will pay up to $10.9 billion to resolve lawsuits that accuse its Roundup herbicide of causing cancer, and an additional $400 million to settle litigation claiming crop damage caused by its dicamba weedkiller from 2015 to 2020.
The Ninth Circuit U.S. Court of Appeals rejected an emergency motion for an immediate cutoff of farmer use of the weedkiller dicamba, a victory for the EPA plan to allow spraying of the herbicide on GE soybeans and cotton through July 31. The court voided EPA approval of versions of dicamba sold by Bayer, BASF and Corteva on June 3; a few days later, the EPA said farmers could use stocks already on the farm through the end of July.
The victors in a lawsuit against the weedkiller dicamba asked the 9th Circuit U.S. Court of Appeals to overturn an EPA decision that would let farmers use the herbicide until July 31. "Emergency relief is required to prevent off-field drift harms that will occur on millions of acres should spraying continue," said the coalition of farm and environmental groups in an emergency petition.
Farmers can no longer spray the controversial pesticide dicamba over the top of genetically modified soybeans and cotton, the U.S. Ninth Circuit Court of Appeals ruled Wednesday. Dicamba is a weedkiller whose use has skyrocketed in recent years after agribusiness giant Monsanto introduced genetically engineered soybean and cotton seeds that resist the herbicide. The ruling means that farmers will have to immediately cease using dicamba on an estimated 60 million acres of crops across the Midwest and South. (No paywall)
In the early 2000s, Bader Farms was the largest peach farm in Missouri, with annual yields averaging about 160,000 bushels. Fifteen years later, yields had dropped by more than 90 percent. Bill Bader blames dicamba, and now he’s suing its makers for millions of dollars in damages.(No paywall)
Glyphosate, the most widely used herbicide in the world, poses no threat to human health when used as directed and is unlikely to cause cancer, said the EPA in an interim decision on Thursday. Environmental groups denounced the decision as faulty.
The 2016 acquisition by Bayer of seed and chemical giant Monsanto has turned out to be a rotten deal. Shares in the German company have fallen 30 percent since the $63 billion deal closed, and are now at just 50 percent of their value in 2015, when the company was Germany’s most valuable.
Chiding California regulators for "misleading labeling requirements," the EPA told herbicide makers to remove cancer warnings from containers of glyphosate, the most widely used weedkiller in the world, in a step that would benefit seed and ag chemical giant Bayer. Meanwhile, a court-appointed mediator dismissed as "pure fiction" a report that the German company offered $8 billion to settle all U.S. lawsuits against Roundup, Bayer's glyphosate-based herbicide.