Attorneys for farmers announced the execution of a $400 million settlement agreement designed to compensate farmers for yield losses resulting from dicamba damage. The claims period began on December 29, 2020.

A news release says the settlement with Monsanto provides compensation for damage and yield losses occurring from the introduction of the Xtend crop system. The $400 million settlement offers farmers an opportunity to receive the financial compensation they deserve for damage they have experienced. Anyone with specific types of evidence of dicamba damage in any year from 2015 through 2020 is eligible to participate in the settlement.

Under the settlement, affected farmers may receive up to 100 percent of their yield losses caused by off-target dicamba that they can establish with standard farming records.

Farmers are able to complete the claim process on their own; can hire an attorney of their choice; or can retain one of the Plaintiffs’ Executive Committee firms to assist with putting together the claim form and supporting documentation.

Impacted soybean farmers can submit claims at www.dicambasoybeansettlement.com or call (855) 914-4672. The deadline to submit claims is May 28, 2021.