A seven-year long battle between dairy farmers and the large dairy companies that buy raw milk came to an end last week. A federal judge approved the settlement of an antitrust case that alleged that Dairy Farmers of America, Dairy Marketing Services, and Dean Foods worked together to drive down milk prices in the Northeast. Farmers in eleven states, including New Hampshire and the District of Columbia, will be getting payments under the agreement. New Hampshire farmer Steve Taylor helped outline the settlement conditions. He joined NHPR’s Peter Biello to discuss the lawsuit.
The conditions were that there was a very rapid contraction in the opportunities that farmers had for marketing their milk. A generation ago, farmers in New Hampshire might have had eight or ten different markets they could go to with their milk. But now, it was coming down to a point where there were really only two options.
There was a widespread fear that this concentration was leading to a manipulation of the market, because large dairy corporations have tremendous power to control the flow of milk from the farm to various markets. And the farmers were coming out as the losers in the whole process.
Full Content: New Hampshire Public Radio
Want more news? Subscribe to CPI’s free daily newsletter for more headlines and updates on antitrust developments around the world.
Featured News
CVS Health Explores Potential Breakup Amid Investor Pressure: Report
Oct 3, 2024 by
CPI
DirecTV Acquires Dish TV, Creating 20 Million-Subscriber Powerhouse
Oct 3, 2024 by
CPI
South Korea Fines Kakao Mobility $54.8 Million for Anti-Competitive Practices
Oct 3, 2024 by
CPI
Google Offers Settlement in India’s Antitrust Case Regarding Smart TVs
Oct 3, 2024 by
CPI
Attorney Challenges NCAA’s $2.78 Billion Settlement in Landmark Antitrust Cases
Oct 3, 2024 by
nhoch@pymnts.com
Antitrust Mix by CPI
Antitrust Chronicle® – Refusal to Deal
Sep 27, 2024 by
CPI
Antitrust’s Refusal-to-Deal Doctrine: The Emperor Has No Clothes
Sep 27, 2024 by
Erik Hovenkamp
Why All Antitrust Claims are Refusal to Deal Claims and What that Means for Policy
Sep 27, 2024 by
Ramsi Woodcock
The Aspen Misadventure
Sep 27, 2024 by
Roger Blair & Holly P. Stidham
Refusal to Deal in Antitrust Law: Evolving Jurisprudence and Business Justifications in the Align Technology Case
Sep 27, 2024 by
Timothy Hsieh