A fraudulent cattle scheme allegedly orchestrated by a Kentucky cattleman has left investors and a financial institution reeling under a $100 million loss.
USDA issued a proposed rulemaking on Monday that would effectively close the “Product of the U.S.A.” loophole that has been in effect since the repeal of COOL in 2015.
Attorneys on Wednesday argued conflicting accounts of how a Mexican national came to be killed on an Arizona borderlands ranch. The rancher is due back in court on Friday.
Rancher asks for reduction of $1 million bail to care for wife and his ranch. Meanwhile, Christian crowdfunding platform GiveSendGo seeks to help with legal fees.
Cattle feeders and packers were in a standoff most of the week with cash trading only moderate in all regions. Cattle feeders are in a good position as inventories and carcass weights declining.
Cash cattle markets traded modestly lower in another week of lackluster activity. Northern regions experienced adverse weather conditions added stress to cattle and reduced weights.
The Family Farmer and Rancher Tax Fairness Act would remove the tax liability for distressed farmers for the assistance provided in Sections 22006 and 22007 of the Inflation Reduction Act (IRA).
Every cowboy has a story about how choices his ancestors made resulted in the life they’re living today. Many of us are thankful for blessings we didn’t recognize as such at the time.
