Quincy Hannibal Keokuk, IL, September 30, 2026 —

Illinois Attorney General Kwame Raoul announced that Illinois, along with the Federal Trade Commission and 11 other states, has reached a proposed $35 million settlement with Corteva Inc., a firm that develops and sells agricultural chemicals. The lawsuit initiated against Corteva alleged anticompetitive practices that harmed farmers.

The core of the legal action centered on claims that Corteva Inc. utilized a loyalty program designed to block the introduction of cheaper, generic versions of its pesticide products. This alleged strategy aimed to maintain artificially high prices for farmers who rely on these agricultural inputs.

As part of the proposed settlement, Corteva Inc. is set to pay $35 million. Illinois is slated to receive approximately $7.5 million from this settlement. This portion is designated to be returned to affected farmers within the state, providing some financial restitution for the alleged overcharges.

The agreement is a proposed settlement, indicating that it is subject to court approval. The lawsuit was a collaborative effort involving multiple states and the Federal Trade Commission, highlighting a coordinated approach to addressing the alleged market conduct by the pesticide firm. Details regarding the specific timeline for the distribution of funds to farmers were not immediately available in the summary. The nature of the loyalty program and the precise mechanism by which it allegedly blocked competitors were central to the allegations brought forth in the litigation.


Story summarized from the original created by none on whig.com, see more information here.

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