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US: Sources say states join debate over largest flourmill joint venture

By  |  July 8, 2013
US: Sources say states join debate over largest flourmill joint venture

States with wheat as a major cash crop have jointed the US Department of Justice to scrutinize a planned joint venture that would lead to growth of what is already the nation’s largest flourmill. Two sources told reporters that about a dozen states joined the review of a collaboration between Cargill, CHS and ConAgra; the states are lead by Oklahoma’s attorney general. If the companies follow-through, the result would be a flour conglomerate with control of about one-third the US market. Cargill and CHS currently have a joint venture named Horizon Milling; the deal would see ConAgra join that conglomerate. Reports say the review will look at pricing effects on both consumers and wheat farmers.

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