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.
Houston Texas Purchase and Maintenance Agreement for Cattle — Feeder Contract is a legally binding document that outlines the terms and conditions for the purchase and ongoing maintenance of cattle for the purpose of raising them as feeders in Houston, Texas. This agreement is crucial for both the buyer and the seller, as it sets clear expectations and protects the rights of both parties involved. Keywords: Houston Texas, Purchase and Maintenance Agreement, Cattle — Feeder Contract, legally binding document, terms and conditions, purchase, ongoing maintenance, cattle, feeders, buyer, seller, expectations, rights. Various types of Houston Texas Purchase and Maintenance Agreement for Cattle — Feeder Contract may include: 1. Standard Houston Texas Purchase and Maintenance Agreement for Cattle — Feeder Contract: This is the most common type of agreement used to establish the purchase and ongoing maintenance of cattle for feeder purposes in Houston, Texas. It covers the general terms and conditions for the transaction. 2. Customizable Houston Texas Purchase and Maintenance Agreement for Cattle — Feeder Contract: This type of agreement allows the parties involved to customize certain clauses and conditions based on their specific requirements or preferences. 3. Bulk Purchase and Maintenance Agreement for Cattle — Feeder Contract: This type of agreement is used when a large quantity of cattle is being purchased and maintained as feeders in Houston, Texas. It typically involves additional provisions to address logistics and special considerations related to bulk purchases. 4. Exclusive Houston Texas Purchase and Maintenance Agreement for Cattle — Feeder Contract: This agreement specifies that the buyer has exclusive rights to purchase and maintain the cattle as feeders in Houston, Texas, preventing the seller from entering into similar agreements with other parties. 5. Conditional Houston Texas Purchase and Maintenance Agreement for Cattle — Feeder Contract: This agreement includes specific conditions that must be met in order for the purchase and maintenance of the cattle to proceed. These conditions may include veterinary inspections, health certifications, or specific feeding requirements. 6. Lease with Option to Purchase Houston Texas Agreement for Cattle — Feeder Contract: This unique agreement allows the buyer to lease the cattle initially with the option to purchase them at a later date. It specifies the terms of the lease and the agreed-upon purchase price and conditions. In conclusion, the Houston Texas Purchase and Maintenance Agreement for Cattle — Feeder Contract is a crucial document that ensures a clear understanding of the terms and conditions involved in the purchase and ongoing maintenance of cattle for feeder purposes in Houston, Texas. These contracts can vary based on specific needs and preferences, providing flexibility and clarity for both buyers and sellers.Houston Texas Purchase and Maintenance Agreement for Cattle — Feeder Contract is a legally binding document that outlines the terms and conditions for the purchase and ongoing maintenance of cattle for the purpose of raising them as feeders in Houston, Texas. This agreement is crucial for both the buyer and the seller, as it sets clear expectations and protects the rights of both parties involved. Keywords: Houston Texas, Purchase and Maintenance Agreement, Cattle — Feeder Contract, legally binding document, terms and conditions, purchase, ongoing maintenance, cattle, feeders, buyer, seller, expectations, rights. Various types of Houston Texas Purchase and Maintenance Agreement for Cattle — Feeder Contract may include: 1. Standard Houston Texas Purchase and Maintenance Agreement for Cattle — Feeder Contract: This is the most common type of agreement used to establish the purchase and ongoing maintenance of cattle for feeder purposes in Houston, Texas. It covers the general terms and conditions for the transaction. 2. Customizable Houston Texas Purchase and Maintenance Agreement for Cattle — Feeder Contract: This type of agreement allows the parties involved to customize certain clauses and conditions based on their specific requirements or preferences. 3. Bulk Purchase and Maintenance Agreement for Cattle — Feeder Contract: This type of agreement is used when a large quantity of cattle is being purchased and maintained as feeders in Houston, Texas. It typically involves additional provisions to address logistics and special considerations related to bulk purchases. 4. Exclusive Houston Texas Purchase and Maintenance Agreement for Cattle — Feeder Contract: This agreement specifies that the buyer has exclusive rights to purchase and maintain the cattle as feeders in Houston, Texas, preventing the seller from entering into similar agreements with other parties. 5. Conditional Houston Texas Purchase and Maintenance Agreement for Cattle — Feeder Contract: This agreement includes specific conditions that must be met in order for the purchase and maintenance of the cattle to proceed. These conditions may include veterinary inspections, health certifications, or specific feeding requirements. 6. Lease with Option to Purchase Houston Texas Agreement for Cattle — Feeder Contract: This unique agreement allows the buyer to lease the cattle initially with the option to purchase them at a later date. It specifies the terms of the lease and the agreed-upon purchase price and conditions. In conclusion, the Houston Texas Purchase and Maintenance Agreement for Cattle — Feeder Contract is a crucial document that ensures a clear understanding of the terms and conditions involved in the purchase and ongoing maintenance of cattle for feeder purposes in Houston, Texas. These contracts can vary based on specific needs and preferences, providing flexibility and clarity for both buyers and sellers.
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.
