Livestock Dealer Statutory Trust is now law!

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

Video: Special Considerations for Grazing Sheep

Presented by Christine O'Reilly

Many Canadian grazing recommendations were developed using beef cattle in the prairies. While we have adapted these the forage species and climate in Ontario, other livestock have different needs. Public enemy number one for grazing sheep are gastrointestinal parasites.

The purpose of the Profitable Pasture conference is to bring fresh ideas and new research results to Ontario grazing managers across the ruminant livestock sectors. These conferences have a major focus on pasture management.