Stay updated with breaking news from Brian Mcclain. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
Rabo Agrifinance is accusing the business surrounding a Kentucky cattle producer who died in April and his two Texas feedyards of engaging in a fraud that drained its bank accounts and cleared out tens of thousands of cattle from the feedyards, leaving Rabo with roughly $50.6 million in unpaid loans. The operation's collapse may have affected dozens of other cattle producers as well.
Rabo Agrifinance says they're out over $50 million in unpaid loans after the collapse of McClain Feedyards. They allege as many as 80,000 cattle were sold or transferred without any repayment on loans.
Lamar Electric Cooperative has announced the six $1,000 scholarship winners that were drawn on April 22, at the Co-Op’s Annual Meeting.
Rabo Agrifinance is accusing the business surrounding a Kentucky cattle producer who died in April and his two Texas feedyards of engaging in a fraud that drained its bank accounts and cleared out tens of thousands of cattle from the feedyards, leaving Rabo with roughly $50.6 million in unpaid loans. The operation's collapse may have affected dozens of other cattle producers as well.
A livestock scheme put in motion by a western Kentucky man more than five years ago left investors and a prominent lender out of $100 million dollars and ended with perpetrator’s suicide.