Thursday, May 22, 2008

Dairy Co-Op Under Fire

milk price price fixing food before fuelThose "Happy Cows" might be so happy after meeting Mr. Federal Agent.

In this widely reported story, CNN and the Wall Street Journal report that a national dairy co-op, Dairy Farmers of America, faces investigation by federal commodity regulators for an alleged price-fixing scheme.

According to the WSJ, investigators are looking at whether the co-op suppressed prices paid to farmers while raising the price charged to retailers.

Federal investigators are also looking at a reported transfer of $1 million transfer to a former co-op director.

Milk, it makes bank accounts good!

Source: CNN

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