BusinessWire tells us that the value of US corn is highly dependent on the ability of the farmers’ corn to reach foreign markets. Syngenta got billions from the sale of genetically modified corn seeds without prior approval by key export market such as China. In return, corn prices dropped hurting farmers significantly. Syngenta persuaded the farmers that China would approve their commodities within a short time which were not the case. China is yet to approve Agrisure Duracade. Since November 2013, US farmers cannot export their corn to China, and this has been extremely harmful as the prices have sharply gone down.
Following this allegation, a case has been filed against Syngenta. The lawsuit is intended to compel Syngenta compensate the damage they caused to the US corn market rather than to the farmers. The reason for this being that, demand for US corn has sharply decreased in the export market, consequently lowering the prices for US corn irrespective of the variety. The lawsuit is for US farmers who grew other varieties other than the two, Agrisure Duracade and Agrisure Viptera, who claim compensation is necessary for the failure of Syngenta to follow the right channel. On the other hand, Syngenta claims that farmers are responsible for what they plant. They claim the lawsuit lack merit and that farmers have a right to get new technologies that have been approved, so as to increase their production as well as profits.
Mikal Watts obtained his bachelor in 1987 from the University of Texas. In 1989, he received his honors from the University of Texas School of Law. Right away, he started his career in law. Watts later started his law firm, Harris & Watts, P.C. The law firm reorganized later to form Watts & Heard, L.L.P. earlier 2001. In 2002, Watts began Watts Law Firm, L.L.P.
Mr. Watts is leading the legal team in the GMO corn case against Syngenta. He is spurring farmers to sue the seed producing company for selling the GMO corn variety rejected for import by China in 2013 and 2014. Mr. Watt says that they want to help farmers regain from the financial harm from actions by Syngenta.