Beef cattle producers (including cooperatives) selling their cattle to a licensed dealer must pay a remittance fee on each sale. The licensed dealer collects this fee. The fees are deposited into a fund, which is managed by the Livestock Financial Protection Board.
If a buyer defaults on payment, the seller may qualify for a claim payment from the fund.
Note: Sellers can also be licensed dealers (and must also remit a fee), including:
- Packing plant operators
- Abattoir operators
- Auction market operators
- Fair operators
- Exhibition operators
- Country dealers
If you have not received payment according the payment timeline, contact Agricorp immediately to notify the Director. Agricorp staff will work with you to make a claim to the Livestock Financial Protection Board, including sending you the required documentation to file a claim.
