Beef is raised in three phases before it is processed: calves are raised on pasture and range land, as feeder cattle they feed on pasture, crop residue, and range land, and finally they go to feedlots, where they are fattened for slaughter. Feeder contracts are a type of futures contract based on young cattle that are sent to feedlots in preparation for slaughter. The Chicago Mercantile Exchange first introduced a feeder cattle contract in 1971.
It is important make sure the agreement is clear as to whether a bailment or an actual sale of the animals is intended. In order to constitute a bailment and not a sale, a fattening or raising agreement should provide that the owner agrees to provide the animals involved to the feeder with the owner retaining title to the animals, and the feeder or raiser is to feed or raise them for sale as the owner deems proper. This form is a sample of a sale rather than a bailment.
Missouri Purchase and Maintenance Agreement for Cattle — Feeder Contract is a legally binding contract used in the state of Missouri to establish the terms and conditions of purchasing and maintaining cattle. This agreement outlines the obligations and responsibilities of both the buyer and the seller in a cattle feeder contract. It sets forth the specific details regarding the purchase, care, feeding, management, and maintenance of cattle involved in the contract. Keywords: Missouri, Purchase and Maintenance Agreement, Cattle, Feeder Contract, legally binding, terms and conditions, obligations, responsibilities, buyer, seller, cattle feeder contract, purchase, care, feeding, management, maintenance. Different types of Missouri Purchase and Maintenance Agreement for Cattle — Feeder Contract may include: 1. Standard Feeder Contract: This type of agreement typically covers the basic terms and conditions of purchasing and maintaining cattle in a feeder contract. 2. Customized Feeder Contract: This agreement is tailored to meet the specific needs and requirements of the buyer and seller. It may include additional clauses or provisions beyond the standard terms. 3. Multiple Cattle Lot Contract: This type of contract is applicable when multiple lots of cattle are involved in the agreement, such as for large feedlots or commercial operations. 4. Age-Specific Feeder Contract: This agreement focuses on the purchase and maintenance of cattle of a specific age group, such as weaned calves, yearlings, or mature cattle. 5. Breed-Specific Feeder Contract: This type of contract is used when the agreement involves purchasing and maintaining specific breeds of cattle, focusing on breed specifications and requirements. 6. Certified Organic Feeder Contract: This agreement is designed for organic cattle producers and buyers who follow organic standards and regulations. It includes provisions related to organic feed, management practices, and certification requirements. The specific type of Missouri Purchase and Maintenance Agreement for Cattle — Feeder Contract used may vary depending on the particular circumstances and preferences of the parties involved.Missouri Purchase and Maintenance Agreement for Cattle — Feeder Contract is a legally binding contract used in the state of Missouri to establish the terms and conditions of purchasing and maintaining cattle. This agreement outlines the obligations and responsibilities of both the buyer and the seller in a cattle feeder contract. It sets forth the specific details regarding the purchase, care, feeding, management, and maintenance of cattle involved in the contract. Keywords: Missouri, Purchase and Maintenance Agreement, Cattle, Feeder Contract, legally binding, terms and conditions, obligations, responsibilities, buyer, seller, cattle feeder contract, purchase, care, feeding, management, maintenance. Different types of Missouri Purchase and Maintenance Agreement for Cattle — Feeder Contract may include: 1. Standard Feeder Contract: This type of agreement typically covers the basic terms and conditions of purchasing and maintaining cattle in a feeder contract. 2. Customized Feeder Contract: This agreement is tailored to meet the specific needs and requirements of the buyer and seller. It may include additional clauses or provisions beyond the standard terms. 3. Multiple Cattle Lot Contract: This type of contract is applicable when multiple lots of cattle are involved in the agreement, such as for large feedlots or commercial operations. 4. Age-Specific Feeder Contract: This agreement focuses on the purchase and maintenance of cattle of a specific age group, such as weaned calves, yearlings, or mature cattle. 5. Breed-Specific Feeder Contract: This type of contract is used when the agreement involves purchasing and maintaining specific breeds of cattle, focusing on breed specifications and requirements. 6. Certified Organic Feeder Contract: This agreement is designed for organic cattle producers and buyers who follow organic standards and regulations. It includes provisions related to organic feed, management practices, and certification requirements. The specific type of Missouri Purchase and Maintenance Agreement for Cattle — Feeder Contract used may vary depending on the particular circumstances and preferences of the parties involved.
Para su conveniencia, debajo del texto en español le brindamos la versión completa de este formulario en inglés. For your convenience, the complete English version of this form is attached below the Spanish version.
