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Polar Vortex Shooting Arctic Air Into North America, More Cold for February

Very cold air is forecast to move back through the middle of North America later this week, with the cold snap lasting well into February, thanks to a La Nina weather pattern. Southeastern areas of the U.S. will see less of the cold while northwestern areas should be socked in for a while. Areas in-between will waffle in and out of the colder conditions. ....

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New Dealer Statutory Trust to protect livestock sellers

Trust ensures cattle sellers receive payment should a livestock dealer become insolvent.
USDA’s Agricultural Marketing Service announced a new Dealer Statutory Trust to protect livestock sellers. The Consolidated Appropriations Act, signed on December 27, 2020, amended the Packers and Stockyards (P&S) Act by adding Section 318 to establish a “Dealer Statutory Trust” for the benefit of unpaid cash sellers of livestock.
The bill ensures that livestock producers are paid for their animals by requiring dealer trusts. In the current system, dealers frequently buy and resell livestock, often grouping them to meet the volume and type needs of their customers. Dealers are allowed to take possession of livestock and pay for them later, and dealers do not maintain a trust account to guarantee payment. ....

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New Dealer Statutory Trust to protect livestock sellers

New Dealer Statutory Trust to protect livestock sellers
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USDA Announces Dealer Statutory Trust to Protect Livestock Sellers

USDA Announces Dealer Statutory Trust to Protect Livestock Sellers ....

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