Reaction to biotech wheat litigation article
Finally, we do not have any quantitative evidence that these temporary suspensions "cost many farmers significantly." Total white wheat sales are down only about 5 percent compared to last year at this date and are within the range of sales for the last five years...in a year when U.S. soft red wheat and competitive Australian white wheat were abundant and priced below soft white. U.S. soft white and club wheat export prices trended with other U.S. wheat prices. We would be very interested to know what source backs up this statement.
To answer Mercer’s question, it has been portrayed that the reason the wheat farmers in the lawsuit filed is because they claim to have lost money and the U.S. market was negatively impacted. It apparently is a point of contention that the markets reacted to cost farmers, and this probably will be a point of discussion in mediation.
We thank Mercer for providing clarification from the U.S. Wheat Associates point of view and pointing out that original reporting might have been misconstrued.