Law firm DiCello Levitt filed an antitrust class action lawsuit against the country’s largest fertilizer producers, alleging the companies conspired to fix, raise and maintain prices for agricultural fertilizers, forcing U.S. farmers to pay artificially inflated prices.
The lawsuit was filed in the U.S. District Court for the District of Colorado and claims the companies organized a scheme to restrain competition in the markets for nitrogen, phosphorus and potassium fertilizers. The suit alleges that defendants exploited their market positions to restrict output, maintain capacity discipline and manage supplies in ways that drove fertilizer prices to unprecedented levels, beginning no later than January 2021.
“When prices for an essential input are artificially inflated, the impact falls squarely on farmers and ripples across the food system,” said Greg Asciolla of DiCello Levitt. “This case is about restoring competition in a market that is foundational to American agriculture.”
