The Power of a Trust Fund Claim: Paying Milk Producers First

The Texas Agricultural Code requires milk processors to hold funds in trust for the benefit of milk producers, including dairies and cooperatives.  A trust fund is a powerful tool that will allow a milk producer to be paid ahead of other creditors in the event that a milk processor files bankruptcy.  To learn more about trust fund claims in general and the protection provided to milk producers in particular, click on the link below to an article written by Jason Binford and John Kane published in the September issue of the Texas Dairy & Ag Review.

http://www.texasdairy.com/#!power-of-a-trust-fund/c1x3y

agricultural, dairy, insolvency-insights, trust fund