FRANKFORT, Ky. (AP) -- Lawmakers in Kentucky are preparing to consider changing the state law to help farmers deal with brokers who don't pay them.
Kentucky Senate Agriculture Committee Chairman David Givens, R-Greensburg, hopes to rerelease proposals soon to be heard at his next scheduled committee meeting on Thursday.
The collapse of Eastern Livestock, a New Albany, Ind., cattle brokerage spurred the legislation. The company, which operated a buying station in Edmonton in southern Kentucky, owes hundreds of ranchers as much as $130 million.
Givens told The Courier-Journal that he would consider creating a safeguard pool of money, like a grain fund, that could assist farmers in the event of another broker bankruptcy.