Tyson Foods, Washington State Settle Price Fixing Lawsuit

Washington state Attorney General Bob Ferguson announced this week the largest chicken producer in the nation, Tyson Foods, will pay $10.5 million because of a lawsuit over price-fixing on chicken products. The announcement is the third and largest resolution in Ferguson’s lawsuit against 19 broiler chicken producers. The claims against the remaining 16 companies continue. The conspiracy harmed an estimated 90 percent of Washington state residents, or approximately seven million individuals. Consequently, the scheme impacted virtually everyone who consumes chicken products. Tyson Foods is the largest chicken producer in the U.S., with approximately 20 percent of the national market share for broiler chickens. The Washington Attorney General’s Office asserts Tyson Foods and 18 other chicken producers drove up the price of chicken since at least 2008, causing consumers to overpay by millions of dollars. Two other states, Alaska and New Mexico, have similar antitrust cases against national chicken producers.

Related articles

Senators Fischer and Klobuchar Introduce Year Round E15 Legislation

On Tuesday, Nebraska Republican Senator Deb Fischer along with Minnesota Democratic Senator Amy Klobuchar introduced the Consumer and Fuel Retailer Choice Act. The legislation, also backed by 13 bipartisan Senators, would allow the sale...

Mexico Is Open to Deal with U.S. on GMO Corn

Agriculture Secretary Tom Vilsack met with Mexican President Andrés Manuel López Obrador earlier this week. The leaders discussed a looming decree by the Mexican president that would ban imports of biotech corn into the...

Removal of Trade Barriers Could Increase China’s Ag Imports

China imported more than $205 billion of agricultural products in 2021, including more than $37 billion from the United States. However, USDA Economic Research Service points out that trade barriers deterred China’s imports from...

Impacts of Rail Strike Would Precede Walkout, Paring Congress’ Time to Act

A threatened rail strike could have widespread effects on agriculture, manufacturing and the rest of the nation’s economy days ahead of a walkout. Congress must act sooner than the December 9 strike deadline since the...

Ag Organizations Call for McKalip and Taylor Nominations Votes

Agriculture groups through Farmers for Free Trade call on the Senate to confirm two key agricultural trade officials in the Biden administration. The coalition sent a letter to Senate leaders Tuesday calling for the confirmation...

Latest articles

%d bloggers like this: