By Micheal Clements

WASHINGTON, D.C. (NAFB) – A little known section of the COVID-19 relief package passed at the end of 2020 could provide relief for victims of unscrupulous cattle dealers, according to Chelsea Good, vice president of government and industry affairs for the Livestock Marketing Association.

The Livestock Dealers Statutory Trust was signed into law as part of that legislative package and Good explains how the law will work.

Good says It’s not uncommon for a livestock seller to discover a “bad check” after the livestock have traded hands several times.

Under the new law, unpaid sellers of livestock have the legal right to reclaim that livestock from the dealer or, as Good mentions, the funds received by the dealer.