Alvin, Texas, USA
October 2, 2012
RiceTec Inc. has just learned that the 51 interveners from Arkansas, Texas and Louisiana that attempted to join a countersuit against the company have opted to remove themselves from that action.
"RiceTec is pleased with this development," said John Nelsen, RiceTec president. "As farmers in Arkansas and across the Midsouth continue successful rice harvests, RiceTec remains focused on the future of the rice industry and the care and service of its customers."
Over the past five years, RiceTec has invested more than $75 million in research, product development and customer support to ensure that American rice farmers have viable product choices to grow and that domestic and international consumers have a sustainable supply of rice for their tables.
In the next five years, Nelsen said that RiceTec plans to invest another $130 million to develop even more advanced rice seed products.
"RiceTec has set the standard for lowering the carbon footprint for rice production while developing higher-yielding, more disease-tolerant, top-quality hybrid rice seed that has proven itself on the American farm, and we will continue to do so," he said.
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