PRESS RELEASE
Dealer Trust in Desperate Times
February 6, 2025
In 2024, Chad Fleenor, owner of Volunteer Stockyards in Tennessee, faced a devastating challenge when a livestock dealer defaulted on payments for cattle purchased. Despite the setback, Chad ensured his consignors—local livestock producers who rely on his market—were paid in full. To recover the funds owed, he utilized every resource available, including the Livestock Dealer Statutory Trust, a critical protection for sellers since its enactment in 2020.
This video tells the story of how the Livestock Dealer Statutory Trust provided vital support during a financial crisis, safeguarding both Chad’s business and the producers he serves.
About the Livestock Marketing Association
The Livestock Marketing Association (LMA), headquartered in Overland Park, Kan., is North America’s leading, national trade association dedicated to serving its members in the open and competitive auction method of marketing livestock. Founded in 1947, LMA has more than 800 member businesses across the U.S. and Canada and remains invested in both the livestock and livestock marketing industries through member support, education programs, policy representation and communication efforts.
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