Judge Orders Rancher to Repay USDA $65K for Loan he Misused

gavel-law
gavel-law

A federal judge in South Dakota has ordered a rancher to pay back the U.S. Department of Agriculture $65,000 for a loan he misused.

The order against 36-year-old Pierre resident Timothy Sherwood came after he pleaded guilty to conversion of mortgaged property. He was also ordered to spend five years on unsupervised probation.

Sherwood was charged for an incident that authorities say happened between December 2011 and September 2012.

Authorities say Sherwood received a $76,000 USDA loan administered by the Farm Service Agency to buy sheep and cover expenses for their care. But Sherwood sold the sheep without the FSA approval and deposited the proceeds of the sale into his personal bank account instead of an FSA account.

Authorities accuse Sherwood of spending large sums on personal, non-ranch expenses.

Tags

Cattle South Dakota Archived Content
 

Latest News

Beef Production
Applying the Soil Health Principles to Fit Your Operation
Applying the Soil Health Principles to Fit Your Operation

What’s your context? One of the 6 soil health principles we discuss in this week’s episode is knowing your context. What’s yours? What is your goal? What’s the reason you run cattle?

Shaye Koester-Wanner
Industry
Colombia Becomes First Country to Restrict US Beef Due to H5N1 in Dairy Cattle
Colombia Becomes First Country to Restrict US Beef Due to H5N1 in Dairy Cattle

Colombia has restricted the import of beef and beef products coming from U.S. states where dairy cows have tested positive for H5N1 as of April 15, according to USDA.

Reuters
Industry
On-farm Severe Weather Safety
On-farm Severe Weather Safety

When a solid home, tornado shelter or basement may be miles away, and you’re caught in a severe storm, keep in mind these on-farm severe weather safety tips.

Aimee Robinson
Beef Production
Quantifying the Value of Good Ranch Management
Quantifying the Value of Good Ranch Management

The value of good management has never been higher. Well managed cow-calf operations can concentrate inputs into short time frames focused on critical control points of production.

Mark Z. Johnson
Education
K-State Meat Animal Evaluation Team Claims National Championship
K-State Meat Animal Evaluation Team Claims National Championship

Kansas State University dominates the national Meat Animal Evaluation contest for the fourth year in a row.

Angie Denton
Beef Production
Quantifying the Value of Good Management
Quantifying the Value of Good Management

Historically low current US cowherd inventories and limited evidence of heifer retention indicates the robust markets we currently enjoy should be sustained for at least the next couple of years.

Mark Z. Johnson
View More