Saturday , April 10 2021

Ag’s ‘price-fixing’ settlements need big fix – Millard County Chronicle Progress

In a now too-common story in U.S agriculture, Archer Daniels Midland (ADM) last month agreed to pay farmers $45 million to settle what the March 13 Wall Street Journal described as “price-fixing allegations leveled at its peanut processing division.” While $45 million is, indeed, peanuts to ADM—its estimated 2020 revenue will top $65 billion—this isn’t the first time the Chicago-based company has faced market manipulation charges. In the late 1990’s, ADM sp...

 

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