Ag Chat with Bob Bosold - July 8
ALTOONA, Wis. (WEAU) - Leaders of Dairy Farmers of America dairy cooperative may soon find themselves in court. That's because a federal complaint under the RICO Act has been filed claiming DFA used predatory pricing strategies to eliminate their competition. The suit was filed by a group of farmers and a Dean Foods shareholder and it asks for divestiture and dissolution of DFA. Recently DFA bought the majority of Dean Foods' assets when Dean filed for bankruptcy. DFA officials say the lawsuit is without merit.
The slowdown at U.S. meat processing plants over the past few months has meant some big drops in U.S. meat exports, especially during May. Beef exports fell 33%--down to their lowest volume in 10 years. That meant the value of our foreign beef sales fell almost 34% to $480 million. Our May pork exports were actually a little higher than last May but they were at their lowest levels since last October.
Not so fast. That’s what a federal district judge in Northern California has basically said to Bayer Ag concerning the company’s efforts to move forward with all the cases filed by people who say they have gotten sick from using Round Up herbicide. Bayer said in June it had agreed to pay almost $11 billion to settle up to 100 thousand lawsuits that claimed Round Up caused cancer. Bayer said the proposed settlement would, in some way, settle about 95% of the outstanding cases. But that California judge now says he is skeptical of the fairness in such a settlement since it’s in an area where the science is still evolving and what is ruled on now might not be appropriate for future cases. There will be a hearing on the situation on July 24th.
Today is Day 3 of the Wisconsin FFA on line state convention. Today will feature the final candidates for the Stars over Wisconsin as well as their individual programs. Also today, the 348 members receiving their State FFA Degrees will be highlighted.
If you want to attend a big outdoor farm show this summer, you can drive to West Fargo, North Dakota for the annual Big Iron Farm Show. It’ll take place September 15th through the 17th and will be their 40th annual show.
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