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IATP

In a major victory for U.S. cattle ranchers today, a federal court awarded $1.28 billion to farmers who had been the victim of manipulated prices by Tyson Foods/Iowa Beef Packers (IBP) - the nation's largest beef packer. The decision should spur action the Bush Administration to enforce antitrust laws to address the dangerous levels of market concentration within a number of U.S. agricultural sectors, said the Institute for Agriculture and Trade Policy (IATP).