Superior transferred to Farm Credit West
(11/18/2009)
Rod Smith
Superior Livestock Auction, which pioneered the concept of satellite video marketing of cattle and is the largest seller of cattle in the U.S., has been transferred to Farm Credit West as a means for its owners to settle debt matters, according to an announcement.
The auction continues to operate normally and to perform well, according to the announcement. It also has called back co-founder Jim Odle as general manager, the announcement said.
Farm Credit West, a member of the Farm Credit System, said it plans to sell Superior soon, perhaps yet this year. The bank did not put a value on the company.