VOLUME 5 - 2012-2013 - ISSUE 2
5 Ky. J. Equine, Agric. & Nat. Resources L. 309 (2013).
THE LIVESTOCK SELLER'S LIEN: A SOURCE OF PROTECTION FOR THE CATTLE PRODUCER
Note Written By: Megan Crenshaw
This Note examines the effect of an unsecured transaction when cattle producers sell their livestock, analyzes the inadequate remedies available to a cattle producer when placed in such a predicament, and explains how a cattle producer would benefit from the creation of a statutory lien ensuring payment from a cattle sale. Section II of this Note outlines the structure of the cattle industry and how sales are conducted, and Section III explains secured transactions within the cattle industry. Section IV addresses the methods a cattle producer may use to obtain payment when no statutory lien exists and the difficulty associated with these remedies. Section V introduces Oklahoma's Livestock Owner's Lien Act of 2011, and Section VI describes Kentucky's similarly proposed legislation. Finally, Section VII discusses the potential results if the legislation is enacted, and urges for its future adoption.