The Missouri Department of Agriculture encourages all Missouri livestock producers and buyers who have not received payment for business transactions with Daniel Froman or R&K Real Estate, Inc., (dba Gallatin Livestock Auction) to contact the department immediately.
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The Gallatin-based business’ bond funds were transferred to the department following claims on unpaid receipts. The deadline for filing a claim is Friday, April 27. Livestock producers and buyers who have unpaid transactions and have not yet filed a claim with MDA should call the department at 573-751-5617. The Gallatin Livestock Auction bond of $125,000 will be distributed to those owed payment on a pro-rated basis in the event that the value of claims exceeds the bond amount.
The Gallatin Livestock Auction’s Missouri Livestock Market license expired in December 2011. The auction’s former owner, Daniel Froman, is currently serving a six-year sentence in federal prison on criminal charges related to his actions as a principal of Gallatin Grain Company.