antitrust
Farmers’ case against giant dairy co-op will go to trial
A collection of dairy farmers who allege anti-competitive conduct by the nation's largest dairy cooperative will take their case to a jury trial. A U.S. district court judge late last week denied a motion for summary judgment — which would have wrapped the case up without trial — from defendant Dairy Farmers of America (DFA).<strong>(No paywall)</strong>
Poultry companies subpoenaed in DOJ investigation of chicken industry
Justice Dept. intervenes in major poultry price-fixing case
The Department of Justice intervened Friday in a landmark price-fixing suit against the country’s biggest poultry companies, possibly signaling that its own grand jury investigation into the chicken sector could result in criminal indictments. The DOJ asked the U.S. District Court for the Northern District of Illinois to stop discovery in the class-action lawsuit brought by food distributor Maplevale Farm, saying in its motion that “a limited stay is needed to protect the grand jury’s investigation.”
Big Ag says Sen. Warren’s proposals ‘miss the mark’
After a week in which Sen. Elizabeth Warren, a Massachusetts Democrat who's running for president, was in the spotlight for her call to check the power of big agribusiness and "level the playing field for America's family farmers," Big Ag began to hit back, insisting her ideas are out of touch with reality.
Antitrust group decries ‘scandalous job swapping’ as JBS hires USDA official
The world's largest meat company, JBS, entwined in a corruption scandal in its home country of Brazil, hired as its global food security Al Almanza, who just retired as head of USDA's Food Safety and Inspection Service. The Organization for Competitive Markets, which focuses on agricultural antitrust issues, called the hiring "the latest of the scandalous job swapping between government and the meat industry."
Montana senator calls for rejection of Bayer-Monsanto merger
In a letter to Attorney General Loretta Lynch, Montana Sen. Jon Tester says the government should deny on antitrust grounds Bayer's proposed $66 billion purchase of Monsanto, given that it would result in a company controlling nearly 30 percent of the world's seed market and a quarter of pesticide sales.
Time is short for USDA to flex its antitrust muscle with meat industry
In the closing months of his tenure as U.S. Secretary of Agriculture, Tom Vilsack is making one last stab at being a trustbuster. Late last week, the USDA quietly moved forward with an effort to strengthen its antitrust authority over the handful of companies that dominate America’s meat system. The action raised hopes for advocates who have pushed for years to toughen antitrust laws, and it already has met resistance from meat companies and their lobbyists. What’s less clear is whether the action will have any meaningful impact.
Ag crisis is on the horizon unless farm economy improves
U.S. farm income is down sharply from the records set in 2013, with little improvement forecast in the near term. "If something doesn't change between now and 2018, we will be in a big crisis," said Zippy Duvall, president of the largest U.S. farm group, during a luncheon session with reporters, referring to the target date for Congress to overhaul farm policy law.
Deere says planter deal won’t reduce competition
In response to a Justice Department lawsuit, Deere and Co., the world's largest farm equipment maker, says its purchase of a competitor, Precision Planting, will expand farmers' ability to update their planters and will not reduce competition for planter sales.
U.S. panel examines ag consolidation, as Bayer-Monsanto eye merger
Senate Judiciary Committee chairman Charles Grassley set a Sept. 20 hearing to examine consolidation in the seed and agricultural chemical sector at the same time that another blockbuster merger seemed imminent. "If these mergers go through, you'd have a 'big three' instead of a 'big six' dominating the market," Grassley told reporters.
U.S. antitrust lawsuit wants to stop Deere purchase of Precision Planting
The Justice Department filed an antitrust lawsuit in federal court in Chicago to block Deere and Co., the world's largest farm equipment maker, from buying Precision Planting, its chief competitor in selling high-speed seed planters to farmers. The government says the two companies account for at least 86 percent of sales of the planters, which are expected to become the industry standard.
Antitrust fears arise following proposed Dow-DuPont merger
The Justice Department should conduct “a careful analysis” of whether the proposed Dow-DuPont merger will create an agro-chemical giant that unfairly dominates seed and pesticide sales, the chairman of the Senate Judiciary Committee said in a letter to antitrust regulators.
Senate chairman asks for antitrust review of JBS-Cargill deal
Senate Judiciary chairman Charles Grassley asked the Justice Department for an antitrust review of an agreement for JBS, the giant Brazilian meatpacker, to buy the pork operations of agribusiness rival Cargill for $1.45 billion.