FTC Touts 'Dismantling' Of Corteva's Pesticide Rebates

Corteva agrees to a $35 million settlement with the FTC and 12 states, ending a lawsuit over its pesticide loyalty rebate program. The company is barred from such practices for 10 years. Corteva's spin-off, Vylor, is set to begin trading on the NYSE on October 1, 2026. Separately, Corteva settled a farmer class action for $85 million.

The FTC and 12 states, including Wisconsin, settled with Corteva, alleging the company paid distributors to block cheaper pesticide alternatives. Corteva must end its loyalty program and allow competition for 10 years, potentially lowering prices for farmers.

Corteva agreed to end certain pesticide loyalty programs as part of a proposed settlement with the FTC and 12 states, resolving antitrust claims. The company also settled a lawsuit with seed company Inari. Corteva denies wrongdoing but will stop programs limiting generic pesticide sales for 10 years. A judge must approve the FTC settlement. Separately, Corteva and Inari agreed to destroy and transfer certain materials, with confidential terms.

Corteva Inc. agreed to a $35M settlement with Illinois AG and FTC to dismantle its pesticides loyalty program, aiming to lower prices for farmers. The 10-year agreement prohibits Corteva from limiting distributors' access to generic competitors. The settlement resolves a 2022 lawsuit alleging anticompetitive practices.

Corteva has agreed to a 10-year settlement with the US FTC and 12 states, limiting benefits to crop-protection chemical distributors to resolve antitrust claims.

The FTC and several states reached a settlement with Corteva, restricting its pesticide distributor incentive programs for 10 years. Corteva will pay $35 million to the states and cannot tie payments to distributors buying more than 50% of their requirements from the company. The settlement resolves allegations that Corteva's programs limited competition from generic pesticide manufacturers, keeping prices higher for farmers.