An association of dairy cooperatives will pay $40 million to settle claims by farmers that false pricing data depressed milk prices.
Twenty-six thousand farmers settled a class-action lawsuit against DairyAmerica Inc., a dairy cooperative that represents the United Dairymen of Arizona, among others.
Farmers claim the association knowingly provided false pricing data to the USDA, which depressed already low raw milk prices.
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Dairy farmers are endorsing a proposal from the National Farmers Organization, based in Ames, Iowa, that would establish a two-tier milk pricing system aimed at boosting revenue for small and midsize farms. Under the plan, which would require federal government approval, farmers would get an extra $4 for every hundred pounds (roughly 12 gallons) of milk they produce a month, up to 1 million pounds. Anything over that amount would fetch a lower price. …
After hitting rock-bottom during the pandemic, things are finally looking up for farmers. The milk market is taking a sudden turn for the better. …
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