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.
Mecklenburg North Carolina Purchase and Maintenance Agreement for Cattle — Feeder Contract is a legally binding document that outlines the terms and conditions between the buyer (purchaser) and the seller (feeder) in the cattle industry. This agreement is specific to Mecklenburg County in North Carolina, ensuring compliance with local laws and regulations. Keywords: Mecklenburg North Carolina, Purchase and Maintenance Agreement, Cattle, Feeder Contract, buyer, seller, terms and conditions, legally binding, local laws and regulations. In Mecklenburg County, there may be variations of the Purchase and Maintenance Agreement for Cattle — Feeder Contract based on specific requirements or provisions. The following variations could exist: 1. Standard Purchase and Maintenance Agreement for Cattle — Feeder Contract: This is the most common type of contract used in Mecklenburg County, covering the purchase and maintenance of cattle between a buyer and seller. 2. Customized Purchase and Maintenance Agreement for Cattle — Feeder Contract: This type of contract is tailored to fit the unique needs and demands of both the buyer and seller. It may include specific provisions related to feed, genetics, or special arrangements for specific breeds of cattle. 3. Conditional Purchase and Maintenance Agreement for Cattle — Feeder Contract: This contract is designed to set conditions that need to be met by the buyer or seller. These conditions could include specific weight targets, health inspections, or other specific requirements that must be fulfilled before the agreement is fulfilled. 4. Short-term Purchase and Maintenance Agreement for Cattle — Feeder Contract: This type of contract is usually for a shorter duration, such as a few months, and is commonly used for small-scale operations or specific feeding programs. It includes provisions for maintenance, feeding, and care of the cattle during the agreed-upon period. 5. Long-term Purchase and Maintenance Agreement for Cattle — Feeder Contract: As the name suggests, this contract is intended for a longer duration, typically spanning several years. It establishes a long-term relationship between the buyer and the seller, covering the purchase and maintenance of cattle for an extended period. In conclusion, the Mecklenburg North Carolina Purchase and Maintenance Agreement for Cattle — Feeder Contract is a crucial document that ensures a clear understanding between the buyer and the seller in terms of the purchase, maintenance, and care of cattle. Various types of contracts may exist based on specific needs and provisions. It is essential for both parties to carefully review and abide by the terms and conditions outlined in the agreement to maintain a legally binding and mutually beneficial relationship in the cattle industry.Mecklenburg North Carolina Purchase and Maintenance Agreement for Cattle — Feeder Contract is a legally binding document that outlines the terms and conditions between the buyer (purchaser) and the seller (feeder) in the cattle industry. This agreement is specific to Mecklenburg County in North Carolina, ensuring compliance with local laws and regulations. Keywords: Mecklenburg North Carolina, Purchase and Maintenance Agreement, Cattle, Feeder Contract, buyer, seller, terms and conditions, legally binding, local laws and regulations. In Mecklenburg County, there may be variations of the Purchase and Maintenance Agreement for Cattle — Feeder Contract based on specific requirements or provisions. The following variations could exist: 1. Standard Purchase and Maintenance Agreement for Cattle — Feeder Contract: This is the most common type of contract used in Mecklenburg County, covering the purchase and maintenance of cattle between a buyer and seller. 2. Customized Purchase and Maintenance Agreement for Cattle — Feeder Contract: This type of contract is tailored to fit the unique needs and demands of both the buyer and seller. It may include specific provisions related to feed, genetics, or special arrangements for specific breeds of cattle. 3. Conditional Purchase and Maintenance Agreement for Cattle — Feeder Contract: This contract is designed to set conditions that need to be met by the buyer or seller. These conditions could include specific weight targets, health inspections, or other specific requirements that must be fulfilled before the agreement is fulfilled. 4. Short-term Purchase and Maintenance Agreement for Cattle — Feeder Contract: This type of contract is usually for a shorter duration, such as a few months, and is commonly used for small-scale operations or specific feeding programs. It includes provisions for maintenance, feeding, and care of the cattle during the agreed-upon period. 5. Long-term Purchase and Maintenance Agreement for Cattle — Feeder Contract: As the name suggests, this contract is intended for a longer duration, typically spanning several years. It establishes a long-term relationship between the buyer and the seller, covering the purchase and maintenance of cattle for an extended period. In conclusion, the Mecklenburg North Carolina Purchase and Maintenance Agreement for Cattle — Feeder Contract is a crucial document that ensures a clear understanding between the buyer and the seller in terms of the purchase, maintenance, and care of cattle. Various types of contracts may exist based on specific needs and provisions. It is essential for both parties to carefully review and abide by the terms and conditions outlined in the agreement to maintain a legally binding and mutually beneficial relationship in the cattle industry.
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.
