Livestock Marketing Association says prompt payment requirement updates are needed

Livestock Marketing Association says prompt payment requirement updates are needed

The Livestock Marketing Association wants to see modernization of the payment structure within the Packers and Stockyards Act.

LMA’s Chelsea Good tells Brownfield a move away from mail service would help increase efficiency and security of livestock auction payments. “Unfortunately, we’re seeing a lot of checks getting stolen out of the mail and then washed and used fraudulently,” she said. “That’s really on the rise.”

During a presentation at the National Association of State Departments of Agriculture (NASDA) annual meeting in Cheyenne, Wyoming this week, she told state ag directors, secretaries, and commissioners mail service accounts for more than 90% of payments.

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