Rabo Asks Bankruptcy Court for Subpoenas on Missing Cattle, Funds in Feedyard Collapse
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.