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4 Μαΐ 2023 · A massive fraudulent cattle scheme allegedly orchestrated by a Kentucky cattleman conned dozens of investors and a prominent agricultural lender out of $100 million, while his family – still grieving over the man’s suicide – is facing financial peril.
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Top Story. Industry. 50% of Ag Economists Think We're Still...
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16 Μαΐ 2023 · The scam involved nearly 80,000 “ghost” cattle, court records indicate. Some cattle producers sold loads of cattle and their checks bounced as the Ponzi scheme unraveled. McClain, 52, of Benton, Kentucky, committed suicide on April 18.
12 Ιουν 2023 · In May, the cattle magazine Drovers reported that McClain is accused of guaranteeing investors a 30% return on investment, then paying those investors with money borrowed from Rabo...
9 Μαΐ 2023 · BENTON, KY — A loss of millions of dollars, a suicide, tens of thousands of "ghost cattle" — all tied to a scheme that is costing local farmers and investors nearly $100 million.
2 ημέρες πριν · We Might Not Like It, But We Need to Evaluate Overheads. Cattle prices in 2023 and 2024 have ranged from good to great depending on if your glass is half empty or half full. Adding to this, feed grains have been getting progressively cheaper since the start of 2023. And finally, Oklahoma has put together two productive hay seasons back-to-back.
Top Story. Industry. 50% of Ag Economists Think We're Still A Year Away from Even Starting to Rebuild the U.S. Cattle Herd. The October Monthly Monitor showed drought, heifer prices and the average age of cattle producers today are some of the key barriers in rebuilding the herd. Beef Production.
The fallout continues from a ghost-cattle scheme as Rabo AgriFinance filed suit in federal court seeking to foreclose on Easterday family assets that have been in default for months.
