I'm sorry but I don't think any lawsuits, class action lawsuits, product liability lawsuits, wrongful injury, wrongful death, benefit anyone in the USA except the US Trial Lawyers. Any industry, medical, agricultural, or manufacturing is going to absorb the costs of these, and the impact on their respective liability or casualty insurance premiums and pass that directly on to the consumers, i.e. Us. There are no guarantees of any outcome in life, especially farming.
The US legal system, Supreme Courts, Federal Courts, Superior Courts, and US Court of Appeals have led the US Society to believe that we can litigate for a desired outcome, if we throw enough financial and legal resources at it. In my mind, this is a large reason that US manufacturing has been driven overseas, off of US soil, which has only hurt the US job market. Much less, it can be variably tied to the rising cost of US Health Care, and the US service industries.
I am not familiar with this particular lawsuit, and its legal elements, however, the increasing number of nuisance lawsuits, the marked expansion of the US legal system, sheer number of attorneys per capita, in the last 40 years, has grown exponentially, while simply look simultaneously at how the number of US jobs and manufacturing have equally declined over that time? I am not simplistic enough to believe that it was simply litigation, but equally labor, benefits, and regulatory conditions had a role, as well, as is often discussed here. While I agree there are some good Attorneys in the US, there equally a large number who are mercenary and inflammatory at best. However, the American people need to accept some responsibility for repeatedly pursuing this litigious behavior, in hopes of inflated jury awards, which ultimately trickle down very little, to anyone but the attorneys.
I agree with the thought that row crops, and livestock prices are often dictated by supply and demand. That simple fact has withstood the test of time. Also, my Mom, and numerous relatives in Kansas, who also farm, had an often favorite saying that to survive in farming, "you need to enjoy the good years, and ride out the bad years." Somewhat simplistic, but I think it meant to have a deep resolve to endure and keep trying, to the best of one's ability, while knowing that not every single year is going to go your way.
Just some post Inauguration thoughts.
Matt