SHERMAN, N.Y. (WIVB) – A man now admits he sold cows that belonged to the Farm Services Agency.
In 2008, Timothy Deland was working as a farmhand in Sherman when he obtained a loan for over $200,000 from the Farm Services Agency to buy cows and some machinery. He agreed to use the cows and machinery he purchased as collateral for the loan.
Three years later, the 28-year-old left the farm he was working at for financial reasons and applied to have the cows relocated to a farm in a Tennessee. His petition was denied.
Over approximately the next year, Deland sold around 90 cows to livestock companies and individuals, even though the cows did not belong to him. He later admitted selling the property, which all told was valued at over $100,000.
Deland pleaded guilty Tuesday to theft of property mortgaged or pledged to the Farm Services Agency. He will be sentenced in November and could face a maximum of five years in prison.