View Rule

This action would revise the Packers and Stockyards regulations to add provisions for written notifications related to the new livestock dealer trust. The revisions would outline the process for livestock sellers to notify livestock dealers and the Secretary of the seller's intent to preserve their interest in trust benefits should the dealer fail to pay for livestock purchased. The revisions would also require livestock sellers to acknowledge in writing that they forfeit rights to the dealer trust under the terms of credit sales to dealers. These provisions would mirror existing regulatory provisions related to livestock and poultry sales under the Packers and Stockyards Act.