Edited release
09/28/26
Attorney General Brenna Bird today announced a $35 million settlement in a bipartisan multistate case brought with the Federal Trade Commission (FTC) against Corteva, Inc. The FTC and states sued Corteva for conducting a loyalty program that violated monopoly laws and illegally limited the sale of generic, less-expensive competing pesticides. Iowa will receive approximately $2.4 million.
Pesticides reach farmers through distributors and retailers. The FTC and state attorneys general say Corteva’s loyalty programs paid distributors to limit how much they sold of generic and rival manufacturers’ products. That, in turn, raised farmers’ costs because it stifled competition by keeping less expensive generic alternatives off the shelves and permitted Corteva to maintain high prices on its products.
Details on the settlement can be found at a link with this story on the KCJJ app and at 1630 KCJJ dot com.