Bayer Jury Awards Farmer $15 Million for Dicamba Crop Damage [Yahoo! Finance News]
BAYER AG S/ADR (BAYRY)
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Source: Yahoo! Finance News
) -- Bayer AG and rival BASF SE must pay $15 million to a farmer who blamed the companies’ dicamba herbicide for mutilating his peach orchards, a jury concluded in the first case to go to trial over the controversial weedkiller.Jurors in federal court in Cape Girardeau, Missouri, found Friday that Bayer and BASF were responsible for Bill Bader’s losses caused by dicamba that drifted from neighboring cotton fields over a three-year period starting in 2015. Bader, the state’s largest peach producer, had sought about $21 million in damages for years of reduced yields he blamed on the dicamba damage.The dicamba build-up left Bader’s trees “in terrible shape,” the farmer testified during the three-week trial. Bader refused to use dicamba on any crops grown on his 1,000-acre southeastern Missouri farm. The product is made by Monsanto Co., which Bayer acquired in 2018. In the verdict, jurors said they concluded the case may warrant punitive damages. The panel will hear evidence about the net
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