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have you bought milk after 2003? then you get $$
buschmaster
Member Posts: 14,229 ✭✭✭
news blurb says if you lived in Missouri, you may be part of a class action settlement about dairy products.
http://fox2now.com/2017/01/15/if-you-bought-milk-in-missouri-then-you-may-be-eligible-for-some-cash/
but when you go to the website that gives information, that says if you lived in AZ, CA, DC, KS, MA, MI, MO, NE, NV, NH, OR, SD, TN, VT, WV, or a cheesehead from Wisconsin, then YOU may be eligible.
says "Individuals may receive between $45 to $70, entities may receive between $1260-$1960."
why? because allegedly the milk producers were killing off cows, half a million over 7 years, to jack up the price of milk.
the web page is all garbled up, but here it is:
http://www.boughtmilk.com
have to sign up before Jan. 31
http://fox2now.com/2017/01/15/if-you-bought-milk-in-missouri-then-you-may-be-eligible-for-some-cash/
but when you go to the website that gives information, that says if you lived in AZ, CA, DC, KS, MA, MI, MO, NE, NV, NH, OR, SD, TN, VT, WV, or a cheesehead from Wisconsin, then YOU may be eligible.
says "Individuals may receive between $45 to $70, entities may receive between $1260-$1960."
why? because allegedly the milk producers were killing off cows, half a million over 7 years, to jack up the price of milk.
the web page is all garbled up, but here it is:
http://www.boughtmilk.com
have to sign up before Jan. 31
Comments
I remember the AMPI milk dump growing up.
I bet the attorneys did better...
This has been ongoing for the last 2 to 3 years, so it is not just a quick sale thing.
I know the big stores take a loss for some items just used as "leaders" to get you into their store's.
I have been in on several class action lawsuits. I believe my largest take was eleven cents.
I bet the attorneys did better...
Yep, still waiting on my case of tuna to arrive[xx(]
For $40 Per Hundred (organic)
Non Organic is Somewhere around $12/14
Producers of a commodity are not getting the return on their investment that they want to get.
Those producers curtail production in order to reduce supply such that they can achieve a profit margin they desire.
It is good business practice, IMO.
Also, they no doubt culled the least efficient production units, increasing the overall efficiency of the manufacture of their product, resulting in a more efficient use of the energy and manpower required to produce the product.
About time to initiate a lawsuit against all State Bar Associations so that the number of lawyers can double so that their hourly rate is cut in half.
Brad Steele
While we all know that Milk producers work within one of the more regulated of all industries, this lawsuit should be tossed out on the merits (or lack of merit) alone.
Producers of a commodity are not getting the return on their investment that they want to get.
Those producers curtail production in order to reduce supply such that they can achieve a profit margin they desire.
It is good business practice, IMO.
Also, they no doubt culled the least efficient production units, increasing the overall efficiency of the manufacture of their product, resulting in a more efficient use of the energy and manpower required to produce the product.
About time to initiate a lawsuit against all State Bar Associations so that the number of lawyers can double so that their hourly rate is cut in half.
Exactly and see nothing wrong.
quote:Originally posted by Don McManus
Producers of a commodity are not getting the return on their investment that they want to get.
Those producers curtail production in order to reduce supply such that they can achieve a profit margin they desire.
It is good business practice, IMO.
That all sounds good in practice, but the issue is that over the past 20 years the taxpayers have been subsidizing these same dairy farmers to the tune of $5.6 billion. There are programs in place which specifically target low milk prices:
These folks took the money to make up for the shortfall...but it wasn't enough. This is like being on disability and going out and working at the same time.
Now they have to give $52 million back.
Are there production minimums in place that force dairy farmers to produce at a loss or at a low margin because a price support system is in place? The fact that the Federal Government pays to maintain a minimum price for milk should not be used as a means to force such production, nor should reducing unprofitable production be a cause for a lawsuit.
In a system of price supports, reducing production saves taxpayer dollars, and should be encouraged rather than penalized.
Brad Steele
Yes the farmers were killing off milk cows, doing it here in Ohio too. It cost them more to feed thecows than they got for the milk. It was not like they were shot in the field and left to rot; they were sent to meat packers and made into steaks and burger.
Forcing someone to keep something that is costing them money is wrong.
With milk prices in local retail big box grocery stores in my area going for .99 cents a gallon out the door, I have a very hard time seeing where dairy farmers are making a living!
This has been ongoing for the last 2 to 3 years, so it is not just a quick sale thing.
I know the big stores take a loss for some items just used as "leaders" to get you into their store's.
Milk is over $3.50 a gallon here, if I drive 40 miles to Walmart I can get for $1.58 a gal and if I drive 5 more miles to Meijer's it back up to $3.19 a gallon.