Those "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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