SALE Act aims to provide payments after dealer default

SALE Act aims to provide payments after dealer default

Source: Wikimedia Commons

People who bring their cattle, sheep, hogs and other animals to market expect to get honest bids and receive payment the same day for their animals. However, there have been some instances where a dealer defaulted and the producer was not paid even though his or her animals were gone. How the Livestock Marketing Association is attempting to put in a legislative fix to this problem and restore faith of sellers and buyers.

Chelsea Good, with the Livestock Marketing Association, explains efforts to insure all livestock markets, buyers and sellers are protected.

The Securing All Livestock Equitably Act, also known as the SALE Act, is pending in Congress.

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