Larry Schnell wore a couple different hates at the Cattle Industry Convention in Nashville. First, representing the Livestock Marketing Association in the president role. Schnell provided an update to convention attendees on legislation impacting producers, feeders and auction barns across the nation. “The impact of the Livestock Dealer Trust legislation will be tested over the next couple years. If a buyer defaults, it puts the unpaid seller at the front of the line for getting the money.” Secondly, Schnell operates Stockmen’s Livestock Exchange at Dickinson, North Dakota. Drought conditions not only in the Northern Plains, but virtually across the entire western half of the United States, keeping cattle moving. “I believe in North Dakota that we’ll be selling a minimum of 20 percent of the cows; it might be closer to 30 percent. We will be moving to two sales per week soon and selling mostly slaughter cows and bulls.” Schnell has more in this Red River Farm Network interview.