AMS Announces New Dealer Statutory Trust to Protect Livestock Sellers
The U.S. Department of Agriculture (USDA) Agricultural Marketing Service (AMS) today 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.