Re: Syngenta law suit

Posted by oldtanker on January 21, 2017 at 07:42:35 from (66.228.255.59):

In Reply to: Syngenta law suit posted by 8850dave on January 21, 2017 at 05:11:33:

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Well said JD! I've been saying that for years but I get jumped and guys get mad trying to justify staying with a corn bean rotation. Lot of em support things like ethanol that is now proving to actually cause more environmental damage than it reduces all over greed. The same greed they get angry over at the corporate level. Then they say it's different when a company does it. "Just trying to make a little profit" is the most common excuse. Well guess what, that company is just trying to make a little profit too!

The fewer subsidies they pay the more farmers go broke. Guys gotta get out of the "farming is a way of life" attitude and realize that without subsidies farming is a business and if not treated as such they are not going to make it. In other words there are other crops! You know that if corn was up this year more acres across the country will be planted in corn next year causing the prices to drop.

Then farmers today are specializing in one thing. Beef, or dairy or grain and so on. Really seeing that around here. All their eggs are in one basket! I personally think that maybe these guys need to look at diversification. Yea for the grain farmer that means few aces dedicated to a cash crop but that will help with overproducing in the long run.

After reading a brief summery of this lawsuit I doubt the echo-nuts are behind it. Sounds to me like a farmer who lost his butt on corn that year, and maybe the farm too started it. The lawyer, knowing that if they win, worst case scenario, they guy is going to win the price difference between what corn had been and what the guy got plus any punitive damages they court MAY award. In other words the lawyer can't make anything off it from just one farmer. Kinda like the small engine case. Guy who started it most likely bought a 100 buck mower from Wal Mart. So he has the mower, it works, but he didn't get the HP he paid for. So compensable damages is what, maybe 5 bucks? And you know that the court isn't going to make a big award to punish the companies making those engines. They really didn't hurt anyone. So there is another 5 bucks. Lawyer gets 40-45%? Unless he can get it class action with thousands, maybe millions signing on he can't afford to take the case.

So with this suit (this is speculation on my part) you got a guy who lost the farm when prices tanked. He's hurt and angry. He talks to a lawyer who looks into it a little. He thinks the guy has a case but knows the guy only had 500 acres of corn. So compensable damages is going to be the difference between what corn had been and what the guy got. He also has to know that if the guy lost the farm that he was on the edge and that would come out in court. So the court isn't going to go big on punitive damages because a large part of the failure was due to the farmer. For the lawyer to proceed it has to become a class action suit or the lawyer is going to lose money! NOW THIS IS THE IMPORTANT PART! If the company actually is at fault the farmers do deserve compensation. They, the farmers, without this being class action will not get it!

Farming is not a gamble. It's a high risk business. If you treat is as gambling it's going to bite you. But if outside factors contribute to the loss of income like any other American you are guarantied your day in court. But if the money isn't there for you plus the lawyer you won't get that day in court. So class action is a necessary evil. Because you as an individual are not going to represent yourself against a large corporation with a top law firm on retainer and win. And most people after a loss don't have the money to hire a decent lawyer.

Rick

Replies:

• Re: Syngenta law suit JD Seller 07:50:30 01/21/17 (0)

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