Bayer announced Wednesday that the company has reached a series of agreements to substantially resolve major legacy Monsanto litigation, including the U.S. Roundup product liability litigation and a separate agreement to resolve pending dicamba drift litigation.
Bayer will make a total payment of $10.1 billion to resolve current and address potential future Roundup litigation, and also resolves dicamba drift litigation for payment of up to $400 million and most PCB water litigation exposure for payment of approximately $820 million.
Chris Turner, U.S. Country Division Head for Bayer explains what this means for growers.
“Our goal is to bring greater certainty about the availability of our products to our farmer customers, and we want to emphasize our continued commitment to Roundup and XtendiMax. We continue to stand behind the safety and utility of these products, and our commitment to offer them to you. Settling these cases will allow us to focus on providing innovative solutions for you and your farming operation.”
Turner says this does not impact Bayer’s commitment to these and other technologies.
“Growers need more tools – not fewer. Now more than ever, it’s critical that R&D-driven organizations such as Bayer continue investing in science to support farmers in the challenges they face. At Bayer, this means building a robust pipeline of new technologies and defending access to existing tools for American farmers. Putting these cases behind us allows us to continue to focus on our important work – innovating and developing new tools for our growers.”
Turner adds Bayer is committed to serving farmers.
“We know that farming is not an easy business these days, and growers are faced with headwinds and pressures never felt before. In this critical time of year, we’re committed to delivering the products and services that you need. Thanks for all that you do, and we wish you a safe and productive season.”