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Oregon presses 'pause' on Easterday dairy permit - Vimarsana News

Oregon presses 'pause' on Easterday dairy permit

USDA ARS Cows are in a feedlot. Pasco, Wash.-based Easterday Ranches wants to build a nearly 30,000-cow dairy on the former site of Oregon's Lost Valley. Pasco, Wash.-based company wants to build a nearly 30,000-cow dairy on the former site of Lost Valley. Oregon's departments of Agriculture and Environmental Quality have tapped the brakes on Easterday Ranches' permit application for a nearly 30,000-cow dairy on the site of the former Lost Valley Farm while legal issues swirling around the applicant are resolved, Farm Progress has confirmed. The Pasco, Wash.-bas...

Rancher Pleads Guilty in $244M 'Ghost Cattle' Scam - Vimarsana News

Rancher Pleads Guilty in $244M 'Ghost Cattle' Scam

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Source: newser.com
Rancher pleads guilty in 'ghost cattle' scheme, owes $244 million in restitution - Vimarsana News

Rancher pleads guilty in 'ghost cattle' scheme, owes $244 million in restitution

Rancher pleads guilty in ‘ghost cattle’ scheme, owes $244 million in restitution Updated 9:41 AM; By East Oregonian MESA, Wash. — A Washington man has pleaded guilty to defrauding businesses out of more than $244 million by charging them under various agreements for the purported costs of purchasing and feeding hundreds of thousands of cattle that did not actually exist, according to a press release from the U.S. Attorney’s Office. According to court documents, Cody Easterday, 49, of Mesa, Washington, used his company, Easterday Ranches, to enter into a series of agreements with Tys...

US food giant Tyson duped out of 200,000 head of cattle - Vimarsana News

US food giant Tyson duped out of 200,000 head of cattle

It took a while to notice, but Tyson Foods eventually realized late last year that more than 200,000 of its cattle seemed to have gone missing on a Washington state ranch. It turns out that they never existed. That's the bizarre upshot from the collapse and bankruptcy of Easterday Ranches, which was under contract to house, raise and feed bovines for Tyson. All told, the episode cost the biggest US meat company and another producer more than $200m (€168m), and the rancher who gambled it away on cattle and corn futures may be headed for prison. Easterday Ranches in Pasco, Washington – a ...

Easterday pleads guilty to fraud, faces civil charges, too - Vimarsana News

Easterday pleads guilty to fraud, faces civil charges, too

Washington ranch co-owner Cody Easterday defrauded Tyson Foods of $233 million and another company of $11 million by selling more than 200,000 head of cattle that only existed on invoices, according to a plea agreement unsealed on Thursday, April 1. Easterday, former manager of the Easterday Ranches feedlot in Pasco, Washington, pleaded guilty Wednesday to one count of felony wire fraud and faces up to 20 years in prison. He also faces civil charges filed March 31 by the Commodity Futures Trading Commission for allegedly reporting false or misleading information to the Chicago Mercantile Exch...