States, FTC Secure Settlement in Suit Against Corteva Pesticide Loyalty Programs
The agreement ends Corteva loyalty programs that allegedly blocked generic rivals and kept farmers paying millions more for crop protection products.
- On Monday, Illinois Attorney General Kwame Raoul and the Federal Trade Commission announced a $35 million settlement with Corteva Inc. to resolve allegations the company used loyalty programs to inflate pesticide prices for farmers.
- The agreement resolves a 2022 lawsuit alleging Corteva implemented loyalty programs that paid distributors to block cheaper generic products, effectively allowing the company to maintain monopoly power and inflate prices for American farmers.
- For 10 years, the proposed order prohibits Corteva from conditioning payments on distributors purchasing more than 50% of their pesticide requirements from the company or threatening customers who conduct business with generic competitors.
- Iowa will receive approximately $2.4 million from the settlement, according to Iowa Attorney General Brenna Bird, while a separate FTC lawsuit against Syngenta Crop Protection regarding similar anticompetitive practices remains ongoing.
- FTC Bureau of Competition Principal Deputy Director David Shaw stated the settlement removes "unfair corporate practices that have hurt farmers," aiming to lower costs for consumers as farmers regain access to affordable generic options.
13 Articles
13 Articles
Attorney General Raoul, FTC Secure $35 Million Settlement Agreement In Case Against Corteva To Lower Pesticide Prices
CHICAGO – Attorney General Kwame Raoul, as part of coalition of 12 attorneys general, and the Federal Trade Commission today announced they have secured a $35 million proposed settlement with pesticide manufacturing giant Corteva Inc. that will lead to lower pesticide prices for farmers in Illinois and across the country. Under the terms of the settlement , Corteva will dismantle its existing pesticides loyalty program, which has limited distrib…
Corteva to Pay $35M to Settle Lawsuit Alleging the Company Paid to Block Competitors From Selling Less Expensive Pesticide Products to Farmers
Corteva, Inc. will dismantle its crop loyalty program and pay $35 million to 12 plaintiff states in a settlement with the Federal Trade Commission and those states announced on Monday, as part of an ongoing lawsuit alleging the company paid distributors to block competitors from selling less expensive generic pesticide products to farmers. The settlement …
Settlement reached with Corteva on pesticide sales
Attorney General Brenna Bird says the pesticide company Corteva has agreed to a 35 million-dollar settlement in a multistate case. The Federal Trade Commission and states sued Corteva for conducting a loyalty program that the lawsuit says violated monopoly laws and illegally limited the sale of generic, less expensive competing pesticides. It says that raised […]
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