Genetically Modified Organisms, also known as GMOs, have been questioned in recent years as to their safety. Some believe that foods containing GMOs are not as safe as those which are natural. GMOs have been bred to withstand herbicides and deter pests that would ordinarily attack a crop. These questions have led to other countries rejecting exports of GMOs from the United States until these modifications are approved by their governments.
In areas across the U.S. Farm Belt, the top grain handlers have been banning GMO crops that have not been approved in all the major overseas markets. This move has shaken up a decades-old system that used the largest exporting country as a launchpad for the export of new seeds from companies like Monsanto.
Global trader Bunge Ltd., has barred 19 varieties of GMO corn and soybean because they lack approval in major markets.
The country’s largest farm cooperative, CHS Inc., wants companies offering seeds with new biotech traits off the market until these traits are approved by foreign buyers.
This move comes as an attempt to avoid the turmoil faced in 2013 and 2014, when China refused delivery of boatloads of U.S. corn. The corn that had been rejected contained a Syngenta AG trait called Viptera that China had not approved. Viptera corn was engineered to control insects.
Two companies, Cargill Inc., and Archer Daniels Midland Co said that the rejections cost them millions of dollars. They are suing Syngenta for damages related to the rejections that were experienced. ADM is refusing GMO crops that lack global approval. Cargill has yet to issue a statement.
The latest crop to be banned is a soybean crop sold by Monsanto. Called Roundup Ready 2 Xtend Soybean, it is engineered to resist the herbicides glyphosate and dicamba. The soybeans are being sold in the U.S. and Canada despite not having approval in the European Union, an important market for U.S. soybeans.
ADM, Bunge, and CHS have all stated that they will not accept Xtend soybeans until the trait is fully accepted in all major markets.
If you have been affected by the banning of GMO crops due to unaccepted traits, you may be entitled to compensation. Contact the law offices of John Foy & Associates. The “Strong Arm” attorneys will help you get the compensation you deserve. Contact us today.