NEWS
Milk Suit Settled for $158 Million
Tue Jan 22, 2013 04:00 PM CST

(Dow Jones) -- The largest U.S. dairy cooperative has agreed to pay $158.6 million to settle an antitrust lawsuit alleging it conspired to suppress milk prices paid to dairy farmers.

The class-action lawsuit alleged Dairy Farmers of America, a dairy-farmer cooperative worked with Dean Foods Co., the largest U.S. milk processor, and other organizations to limit competition across the U.S. Southeast for farmers' milk, thereby depressing prices. The DFA has 14,000 members, some of whom were plaintiffs in the case.

The agreement, disclosed Tuesday, pushes total settlements in the antitrust case to more than $300 million. Dean Foods had already ...

Quick View
  • Stay on Top of SDS The distinctive yellow patches of sudden death syndrome (SDS) are surfacing in soybean fields acr...
  • Cattle Market There may be a little less bull in this fall's calf market, but the fundamentals still spell oppo...
  • Precision Ag Potential Pending Precision agriculture proponents insist the industry can revolutionize agriculture, but first mor...
  • Cash Rent Reset - 2 Iowa farmland owners Fred and Lodean Cook may consider flexible cash leases for the first time th...
  • Iowa Land Gets a Bounce Key Midwest land values are stuck in neutral or sliding below 2014 levels, recently released opin...
  • Canadian Dairy Conundrum Coping with Canada's dairy industry import tariffs and supply controls remains one of the stickin...
  • Senior Partners - 5 This fatherly financial advice is meant to prevent heartaches should the farm economy suffer anot...
  • Ask the Taxman by Andy Biebl CPA Andy Biebl answers readers' questions on depreciation recapture, defining a "true" lease and ...
  • Ask the Vet Does my calf have a hernia and is it repairable?
Related News Stories
DTN Closing Dairy Comments
DTN Midday Dairy Comments
DTN Opening Dairy Comments
DTN Closing Dairy Comments
DTN Midday Dairy Comments
DTN Opening Dairy Comments
DTN Closing Dairy Comments
DTN Opening Dairy Comments
DTN Closing Dairy Comments
DTN Midday Dairy Comments