USDA has concluded a study on the recovery of livestock in the case of no payment. Under current law, livestock producers are not automatically entitled to reposes animals they have not received payment for. Instead, the dealer’s bank takes priority in the stock. That’s according to Livestock Marketing Association Vice President of Government and Industry Affairs Chelsea Good. This is why in the 2018 Farm Bill, Congress instructed USDA to examine the feasibility of establishing a livestock Dealer Statutory Trust. Based on analysis of industry data, experience and public input, USDA determined it would be feasible to implement a livestock Dealer Statutory Trust. The report finds existing statutory trusts in other segments of agriculture are effective in improving financial recoveries, with similar results expected under a Dealer Statutory Trust. Hear from Good on the next potential steps in this story.