Dive Brief:
- Monsanto will pay $2.4 million to settle farmers' lawsuits related to escape of experimental GMO wheat into the wild.
- The discovery of GMO wheat on a farm in Oregon last year led to bans on wheat imports by Japan and South Korea and led the European Union to demand more stringent rules on crop experiments.
- The GMO wheat was part of an experiment that was discontinued a decade earlier. No strains of GMO wheat are approved for production.
Dive Insight:
The settlement may not spell an end to Monsanto's legal woes over the GMO wheat. More of the experimental crop was found in the wild in September of this year.
And it certainly doesn't end the other legal battle over GMO crops and import bans in which Bunge, Syngenta, Cargill, and others are involved in a nasty fight over a strain of GMO corn.