Livestock Dealer Statutory Trust is now law!

Jan 21, 2021

With the President’s signature on December 27, 2020, Livestock Dealer Statutory Trust is now law! Dealer Trust gives sellers of livestock (often livestock auction markets or producers) the legal priority to get livestock back when a livestock dealer fails to pay. If the cattle have been resold, the unpaid sellers are now first in line for the proceeds.

But how will a Dealer Trust function? What does this mean for cattle producers, feeders, dealers, livestock auction markets, and lenders?

Livestock Marketing Association will be hosting a virtual call regarding Dealer Statutory Trust on Thursday, January 21, at 7 p.m. Central via Zoom. LMA’s Vice President of Government and Industry Affairs and Legal Chelsea Good and General Counsel and Vice President of Risk Mitigation Jara Settles will be leading the conversation by explaining Dealer Statutory Trust and addressing common industry questions. An opportunity for participants to ask questions will be available at the end of the Zoom call. This Zoom is open to anyone interested in learning more about Dealer Statutory Trust.

To join the video via Zoom, click this link: https://lmaweb.zoom.us/j/81528440686

Source : osu.edu

Video: Evolution of Beef Cattle Farming

The Clear Conversations podcast took to the road for a special episode recorded in Nashville during CattleCon, bringing listeners straight into the heart of the cattle industry. Host Tracy Sellers welcomed rancher Steve Wooten of Beatty Canyon Ranch in Colorado for a wide-ranging discussion that blended family history and sustainability, particularly as it relates to the future of beef production.

Sustainability emerged as a central theme of the conversation, a word that Wooten acknowledges can mean very different things depending on who you ask. For him, sustainability starts with the soil. Healthy soil produces healthy grass, which supports efficient cattle capable of producing year after year with minimal external inputs. It’s an approach that equally considers vegetation, animal efficiency, and long-term profitability.

That philosophy aligned naturally with Wooten’s involvement in the U.S. Roundtable for Sustainable Beef, where he served as a representative for the Colorado Cattlemen’s Association. The roundtable brings together the entire beef supply chain—from producers to retailers—along with universities, NGOs, and allied industries. Its goal is not regulation, Wooten emphasized, but collaboration, shared learning, and continuous improvement.