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.
San Antonio Texas Purchase and Maintenance Agreement for Cattle — Feeder Contract is a legal document used in the cattle industry to establish a contractual agreement between cattle owners and feeder operators in the region of San Antonio, Texas. This comprehensive agreement outlines the terms and conditions related to the purchase, maintenance, and feeding of cattle. Keywords: San Antonio Texas, Purchase and Maintenance Agreement, Cattle, Feeder Contract. 1. Purpose and Scope: This section of the agreement will specify the purpose of the contract, which involves the purchase and maintenance of cattle for feeding purposes in the San Antonio area. It will highlight the specific roles and responsibilities of both parties involved. 2. Purchase Terms: In this section, the agreement will outline the terms of the purchase, including the number of cattle to be bought, the desired breed or characteristics, and the agreed-upon purchase price. It may also include any specific requirements regarding the age and health of the cattle. 3. Maintenance and Care: This segment of the contract will detail the responsibilities of the feeder operator regarding the welfare and maintenance of the cattle. It will include provisions for proper feeding, watering, health checks, daily care, and any necessary veterinary services. 4. Feeding and Nutrition: The agreement may include specifications about the feeding program for the cattle, describing the type and quality of feed to be provided, feeding intervals, and any additional dietary requirements or supplements. 5. Insurance and Liability: This section will address insurance coverage, determining who bears the responsibility for insuring the cattle against any unforeseen circumstances such as disease outbreaks, accidents, or natural disasters. It will also outline the liability of both parties involved in case of any damages or losses. 6. Duration and Termination: The contract will specify the duration of the agreement and the terms for its termination. It may include provisions for early termination, penalties for breach of contract, or options for renewing the contract. Types of San Antonio Texas Purchase and Maintenance Agreements for Cattle — Feeder Contract: 1. Short-term Contracts: These contracts are typically for a shorter duration, such as a few months, and are suitable for feedlot operations that focus on feeding cattle for a specific period before selling them. 2. Long-term Contracts: These agreements involve a longer duration and may extend for several years. They are often preferred by cattle owners who want a consistent feeding arrangement for their livestock over an extended period. 3. Custom Feeding Contracts: This type of contract allows cattle owners to customize the terms according to their specific requirements, including the choice of feed, nutritional preferences, and special care instructions for their cattle. 4. Multiple Owner Contracts: In situations where multiple cattle owners wish to engage with a feeder operator, a multiple-owner contract can be established to accommodate the interests and demands of each owner while ensuring efficient feeding management. Remember that the specific terms and variants of the San Antonio Texas Purchase and Maintenance Agreement for Cattle — Feeder Contract may differ depending on the preferences and negotiation between the parties involved.San Antonio Texas Purchase and Maintenance Agreement for Cattle — Feeder Contract is a legal document used in the cattle industry to establish a contractual agreement between cattle owners and feeder operators in the region of San Antonio, Texas. This comprehensive agreement outlines the terms and conditions related to the purchase, maintenance, and feeding of cattle. Keywords: San Antonio Texas, Purchase and Maintenance Agreement, Cattle, Feeder Contract. 1. Purpose and Scope: This section of the agreement will specify the purpose of the contract, which involves the purchase and maintenance of cattle for feeding purposes in the San Antonio area. It will highlight the specific roles and responsibilities of both parties involved. 2. Purchase Terms: In this section, the agreement will outline the terms of the purchase, including the number of cattle to be bought, the desired breed or characteristics, and the agreed-upon purchase price. It may also include any specific requirements regarding the age and health of the cattle. 3. Maintenance and Care: This segment of the contract will detail the responsibilities of the feeder operator regarding the welfare and maintenance of the cattle. It will include provisions for proper feeding, watering, health checks, daily care, and any necessary veterinary services. 4. Feeding and Nutrition: The agreement may include specifications about the feeding program for the cattle, describing the type and quality of feed to be provided, feeding intervals, and any additional dietary requirements or supplements. 5. Insurance and Liability: This section will address insurance coverage, determining who bears the responsibility for insuring the cattle against any unforeseen circumstances such as disease outbreaks, accidents, or natural disasters. It will also outline the liability of both parties involved in case of any damages or losses. 6. Duration and Termination: The contract will specify the duration of the agreement and the terms for its termination. It may include provisions for early termination, penalties for breach of contract, or options for renewing the contract. Types of San Antonio Texas Purchase and Maintenance Agreements for Cattle — Feeder Contract: 1. Short-term Contracts: These contracts are typically for a shorter duration, such as a few months, and are suitable for feedlot operations that focus on feeding cattle for a specific period before selling them. 2. Long-term Contracts: These agreements involve a longer duration and may extend for several years. They are often preferred by cattle owners who want a consistent feeding arrangement for their livestock over an extended period. 3. Custom Feeding Contracts: This type of contract allows cattle owners to customize the terms according to their specific requirements, including the choice of feed, nutritional preferences, and special care instructions for their cattle. 4. Multiple Owner Contracts: In situations where multiple cattle owners wish to engage with a feeder operator, a multiple-owner contract can be established to accommodate the interests and demands of each owner while ensuring efficient feeding management. Remember that the specific terms and variants of the San Antonio Texas Purchase and Maintenance Agreement for Cattle — Feeder Contract may differ depending on the preferences and negotiation between 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.
