Reuters writer Tom Hals reported yesterday that, “Attorneys for Bayer AG and consumers suing the company over allegations its Roundup weedkiller caused cancer told a judge on Thursday they are continuing to resolve thousands more cases, improving prospects for its $11 billion deal to end the litigation. “The hearing was a contrast to the contentious tone… Continue Reading
Category Archives: Agriculture Law
ESG Investors Finding it Hard to Incorporate Food in Their Portfolios
Billy Nauman reported yesterday at The Financial Times Online that, “Food is at the nexus of practically every major sustainability issue: what we eat today determines not just our own health tomorrow, but also that of the planet. So the sector should be an obvious focus for ESG investors, who want their money to contribute to… Continue Reading
Soon, Companies Will Be Able to Track the Carbon Emission From an Ear of Corn
Bloomberg writer Justina Vasquez reported earlier this month that, “Companies will be soon able to track the carbon emissions from an ear of corn to a pork chop, allowing them to market products to environmentally conscious eaters. “Farmer’s Business Network Inc. — which has been likened to an ‘Amazon’ for farmers — has launched Gro… Continue Reading
Infarm Raises $170 Million
Bloomberg writer Katharine Gemmell reported last week that, “Infarm said it attracted $170 million in the first close of a fundraising round to help the farming tech company expand globally, as investors pile cash into the emerging industry that’s experienced a surge of interest during the Covid-19 pandemic. “The Berlin-based company expects the round to… Continue Reading
USDA to Provide Additional Direct Assistance to Farmers and Ranchers Impacted by the Coronavirus
A news release Friday from USDA stated that, “President Donald J. Trump and U.S. Secretary of Agriculture Sonny Perdue today announced up to an additional $14 billion dollars for agricultural producers who continue to face market disruptions and associated costs because of COVID-19. Signup for the Coronavirus Food Assistance Program (CFAP 2) will begin September… Continue Reading
USDA Announces Whole-Farm Revenue Protection Program Improvements
A news release yesterday from USDA’s Risk Management Agency (RMA) stated that, “[RMA] announced modifications to the Whole-Farm Revenue Protection (WFRP) program to decrease paperwork and recordkeeping burdens for direct marketers beginning with the 2021 crop year. “‘These changes will allow more direct marketers who previously could not meet reporting requirements a way to participate… Continue Reading
Bayer Has Settled Thousands More U.S. Lawsuits Over its Roundup Weed Killer
Bloomberg writer Joel Rosenblatt reported today that, “Bayer AG settled thousands more U.S. lawsuits over its Roundup weed killer after criticism that the company was failing to uphold an $11 billion deal it announced in June to resolve the massive litigation. “The agreements, revealed in a court filing late Monday, are with lawyers representing consumers… Continue Reading
Bayer Making Progress in Finalizing Roundup Settlement
Reuters writer Ludwig Burger reported last week that, “Bayer boss Werner Baumann’s contract has been extended until 2024, in a show of support from the drugmaker’s new chairman just months after the company agreed an $11 billion outline settlement of U.S. lawsuits over its Roundup weedkiller. “In a statement late Thursday [Sept. 10th], Bayer also… Continue Reading
Tech Startup FBN Faces Pressure From Traditional Suppliers
Jacob Bunge reported recently at The Wall Street Journal Online that, “Inside a packed arena last December, 2,700 farmers sipped coffee from paper cups and listened to remarks on the Midwestern economy: incomes down, costs up and bankruptcies rising. “The speaker wasn’t a politician or an academic. He was Charles Baron, co-founder of Farmers Business… Continue Reading
USDA Reminds Farmers of September 30 Deadline to Update Safety-Net Program Crop Yields
An update yesterday from USDA’s Farm Service Agency (FSA) stated that, “[FSA] reminds farm owners that they have a one-time opportunity to update Price Loss Coverage (PLC) program yields for covered commodities on the farm. The deadline is September 30, 2020, to update yields, which are used to calculate the PLC payments for 2020 through… Continue Reading