Dairy and Livestock Producer Protection Act of 1996

[AI summary unavailable — showing source text] TABLE OF CONTENTS: Title I: Dairy Industry Security Reserve Fund Title II: Statutory Trust for Livestock Sellers Dairy and Livestock Producer Protection Act of 1996 - Title I: Dairy Industry Security Reserve Fund - Establishes: (1) in the Department of Agriculture the Dairy Industry Security Reserve Fund; and (2) a Board of Trustees to administer such Fund. Finances the Fund through milk handler assessments (with exceptions for noncommercial handlers and handler-producers). Sets forth (Fund) submission and payment of claim provisions for milk producers unable to receive payment from bankrupt handlers. Title II: Statutory Trust for Livestock Sellers - Amends the Packers and Stockyards Act, 1921 to establish a statutory trust for livestock sellers with respect to dealer or market agency purchasers.…