The U.S. Department of Agriculture’s (USDA) Agricultural Marketing Service (AMS) is notifying anyone who sold livestock to and has not received payment from McClain Farms Inc., 7M Cattle Feeders Inc., McClain Feed Yard Inc., or Brian McClain, to file Dealer Trust claims promptly.
Unpaid livestock sellers may be protected under a provision of the Packers and Stockyards Act of 1921, which requires all livestock purchased by a dealer in cash sales, and all receivables or proceeds from such livestock, to be held in trust for the benefit of all unpaid cash sellers.
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