Interested in managing the risk of payment defaults from buyers? Contact your Region Executive Officer to discuss the PAYS product!
Providing Risk Management and Time Saving Service to the Livestock Marketing Industry
Verification of Deposits (VOD)
The sale of livestock is a big business and with all business comes risk. LMA PAYS helps LMA members protect their interests and their consignors by staying informed about the trade reputation and financial responsibility of their customers.
When LMA members contact PAYS they find courteous staff that understands their business and is recognized by many Ag lenders for their work with the livestock marketing industry. The experience and reputation of the LBT helps LMA members get the information they need to make vital business decisions. LMA members also have access to the PAYS’ massive database of information that includes over 115,000 files of information received from LMA members, trade sources and financial institutions.
Contact PAYS for a customized Buyer Registration and Consent Agreement. These forms, designed specifically for your business will assist PAYS in getting information to you in a timely manner and navigate the web of banking and privacy laws that can slow the inquiry process.
Call PAYS for more information and your own customized forms at (800) 821-2048. Members can also fax VODs to (816) 891-7108 or send VODs or questions via email to email@example.com.
All livestock marketing businesses are required to keep an updated tariff on file with the Packers & Stockyards Administration. PAYS can greatly simplify this process by helping LMA members create and file their tariffs with the P&S. Contact LBT today at (800) 821-2048 for more information.
Utilization of the new membership service is available to LMA-member livestock auction markets, effective January 1, 2016.
Jennifer Aiman, President of PAYS and Vice President of Livestock Marketing Insurance Agency. She may be contacted at firstname.lastname@example.org. Please contact her with generic questions about PAYS.
Linda Garner, Information Officer. She may be contacted at email@example.com.
Kristin Wyckoff, Information Officer. She may be contacted at firstname.lastname@example.org.
All PAYS staff can be contacted by phone at (800) 821-2048 or by fax at (816) 891-7108.