Wisconsin, FTC settlement promises to lower pesticide prices for farmers

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.

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.

The FTC announced a settlement with Corteva Inc. to restrict its ability to offer loyalty rebates to distributors in exchange for limiting sales, according to the FTC.

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.