Dairy Association to pay $ 40M to Settle Claims of False Pricing that Depressed Milk Prices

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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