Katharina Buczek
To ensure that you do not fall victim to a scam, you can take numerous precautions.
First, make sure to do your due diligence. Google any seller or company’s name followed by phrases like “review” or “scam.”
If other ranchers have encountered problems, you might be able to find out before it is too late.
Next, consider the payment method the seller is requesting. If they require payment via wire transfer, cryptocurrency, or gift card, that is a major red flag.
Finally, do not allow yourself to be pressured into a sale, and refrain from paying partly or completely up-front unless you know the seller.
You can also talk over the proposed deal with someone close to you to see if it rings any alarm bells.
And if you and your livestock are really struggling due to the state of the market, you can also contact your state’s U.S. Department of Agriculture Farm Service Agency office to learn more about USDA programs that help ranchers.
Moreover, if you believe you have spotted a scam, do not wait for other ranchers to fall victim. Instead, report it to your state’s Office of Consumer Protection. The FTC is also requesting that you directly report the scam to them as well at the link here.
To read the complete FTC press release, visit the link here.
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