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New Dealer Statutory Trust to protect livestock sellers

Trust ensures cattle sellers receive payment should a livestock dealer become insolvent.  USDA’s Agricultural Marketing Service announced a new Dealer Statutory Trust to protect livestock sellers. The Consolidated Appropriations Act, signed on December 27, 2020, amended the Packers and Stockyards (P&S) Act by adding Section 318 to establish a “Dealer Statutory Trust” for the benefit of unpaid cash sellers of livestock. The bill ensures that livestock producers are paid for their an...
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