States, FTC secure settlement in suit against Corteva pesticide loyalty programs
The Federal Trade Commission along with state attorneys general, including Iowa’s, have reached a settlement with the seed and pesticide manufacturer Corteva Inc. in a case about pesticide competition. The lawsuit alleged the company was operating a pesticide loyalty program that violated monopoly laws. In addition to the $35 million settlement, a news release from the FTC says, the agreement will lead to lower pesticide prices for farmers. The suit, which was filed in 2022, alleged that Corteva paid distributors to limit the sales of generic, less expensive pesticides and those of ...