Hundreds of dairy farmers nationwide fear they could owe substantial sums to the bankrupt dairy processor Dean Foods after the company sent out letters attempting to claw back payments made to farmers in the months preceding the company’s Chapter 11 filing last year. Dean’s actions have been harshly criticized by farm groups and, for some, underscore the dangers of a heavily consolidated dairy industry that leaves farmers with few processing options. (No paywall)
The milk cooperative Dairy Farmers of America has entered into an agreement to buy most of milk processor Dean Foods’ assets as part of the latter’s bankruptcy proceedings. If approved, the $433 million deal will make DFA both the largest milk supplier and the largest milk processor in the country.
The Department of Justice is looking into the potential antitrust implications of a proposed deal between bankrupt milk processor Dean Foods and the giant dairy cooperative Dairy Farmers of America (DFA). According to a Monday report in the Wall Street Journal, the department is investigating …
Dean Foods, one of the country’s largest milk processors, filed for bankruptcy and is exploring a sale to leading dairy cooperative, Dairy Farmers of America. The company has reported losses for eight of its last ten quarters, including five consecutive quarters. Dean attributes its weak …
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).(No paywall)
Members of the St. Albans Cooperative Creamery, a century-old dairy cooperative in Vermont, will vote later this month on whether to merge with the nation’s largest dairy cooperative, Dairy Farmers of America. But even as low milk prices and ongoing consolidation have threatened the region’s dairy farmers, St. Albans’ members are split on whether linking up with DFA will address their woes.
Last week, Dean Foods announced it was canceling its contracts with more than 100 independent, conventional dairy farmers. The farmers, who are located in eight states, will have until May 31 to find a new market for their milk. Meanwhile, dairy prices are plummeting across the country. (No paywall)