For the second time in a week, the Supreme Court rejected Bayer's attempts to shield itself from lawsuits alleging that its Roundup weedkiller is carcinogenic. Bayer said it "is not surprised" by the decision on Monday and pointed to the possibility of a change in the legal environment in its favor.
The Supreme Court disposed of one Roundup appeal by Bayer on Tuesday but it will not be the final word in Bayer's attempts to shield itself from lawsuits alleging its weedkiller causes cancer. Another Bayer appeal was pending before the Supreme Court and the company suggested a case being heard by an appeals court in Atlanta could be the third.
As it promised last month, Bayer, the world's largest seed and agricultural chemicals company, asked the U.S. Supreme Court on Monday to overturn the $25-million award to Edwin Hardeman, a California man who blamed Roundup herbicide for giving him cancer. The appeal is a key element in Bayer's plan to resolve billions of dollars of claims against Roundup and its active ingredient, glyphosate, the most widely used weedkiller in the world.
Health and chemical giant Bayer said it would pursue a five-point plan to mitigate its future litigation risks over Roundup herbicide, including a discussion of whether to remain in the lawn-and-garden market and a continued pursuit of settlements of lawsuits that allege the weedkiller causes cancer.
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.
Sen. Elizabeth Warren announced her agriculture policy platform Wednesday, three days before she is set to participate in a Democratic presidential candidates’ forum in rural Iowa. The platform calls for curtailing consolidation in agriculture by breaking up big agribusiness companies, reversing agriculture mega-mergers, and more. (No paywall)
When Bayer completes its $63 billion purchase of Monsanto, which is expected to occur on Thursday, the world's largest seed and agricultural company will be named Bayer, announced the giant German company on Monday, ending speculation on the new corporate identify. "Monsanto will no longer be a company name."
The Department of Justice on Tuesday approved Bayer’s $66 billion acquisition of Monsanto, completing a two-year approval process for the mega-merger that spanned several countries. The combined company will be the largest agrochemical and seed company in the world with about $48 billion in annual sales.
A new poll and report from the Konkurrenz Group found that the vast majority of farmers disapprove of the proposed merger between Bayer and Monsanto. Nearly a thousand farmers, from 48 states, responded to the poll.