Tags: ftc | pesticide price scheme

FTC Sues Pesticide Makers, Alleging Price Scheme

FTC Sues Pesticide Makers, Alleging Price Scheme

Crop duster airplane flies low over a wheat field spraying fungicide and pesticide. (Dreamstime)

Thursday, 29 September 2022 04:16 PM EDT

The U.S. Federal Trade Commission on Thursday sued two top pesticide manufacturers for allegedly entering into exclusive contracts with distributors that kept prices paid by farmers artificially high.

The consumer watchdog agency was motivated to bring the case in part because rising costs and supply chain disruptions from Russia's invasion of Ukraine have put economic pressure on farmers, an agency official told Reuters.

Swiss-owned Syngenta and U.S.-based Corteva Inc. paid distributors not to offer farmers generic pesticides, herbicides and fungicides after the companies' patents on six chemical ingredients expired, the FTC said.

As a result, farmers have paid around 20% more, amounting to hundreds of millions of dollars a year, for the companies' products, the agency said.

© 2025 Thomson/Reuters. All rights reserved.


StreetTalk
The U.S. Federal Trade Commission on Thursday sued two top pesticide manufacturers for allegedly entering into exclusive contracts with distributors that kept prices paid by farmers artificially high.
ftc, pesticide price scheme
117
2022-16-29
Thursday, 29 September 2022 04:16 PM
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