The Department of Agriculture and Department of Justice will investigate suppliers of crop inputs such as seeds and fertilizers for potential antitrust violations, Erin Ailworth of Bloomberg reports, citing comments made by Agriculture Secretary Brooke Rollins. The agencies signed a memorandum of understanding to “take a hard look and scrutinize competitive conditions in the agriculture marketplace, including antitrust enforcement that promotes free market competition,” Rollins said Thursday during a conference in Missouri. Shares of Mosaic (MOS), Nutrien (NTR), Intrepid Potash (IPI), ICL (ICL) and Deere (DE) moved lower following the report.
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