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Agri-Pulse reports:

Syngenta agreed to pay $1.51 billion to U.S. corn growers and their lawyers to settle claims that their marketing of genetically modified corn seed caused China to reject corn shipments from the U.S. for about a year starting in November 2013.

It is believed to be the largest agricultural litigation settlement in history.

A preliminary settlement agreement has been filed in federal court in Kansas. The $1.5 billion will cover four categories: growers who bought Viptera Duracade (which also has the MIR 162 trait), those who did not, grain handling facilities and ethanol production facilities.

Growers who did not plant the genetically modified seed with the MIR 162 trait will get the lion's share of the settlement funds left over after subtracting administrative expenses and attorney fees. Growers who planted the seed; grain handling facilities, and ethanol production facilities will receive a total of $72 million.

Syngenta noted that the settlement "does not constitute an admission by either side concerning the merits of the parties' allegations and defenses."

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