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.
The San Jose, California Purchase and Maintenance Agreement for Cattle — Feeder Contract, also known as the Cattle Purchase Agreement or Feeder Contract, is a legally binding document that outlines the agreement between a buyer and seller in the cattle industry. This agreement specifically pertains to the purchase, ownership, and maintenance of cattle for the purpose of feeding them until they reach a suitable weight for market. This contract is designed to protect the rights and responsibilities of both parties involved, ensuring a smooth transaction and a clear understanding of each party's obligations. It covers various aspects of the cattle purchase and maintenance process, including the payment terms, cattle specifications, maintenance responsibilities, and any additional terms that both parties agree upon. The San Jose, California Purchase and Maintenance Agreement for Cattle — Feeder Contract serves as a vital tool for cattle buyers and sellers in the region. It helps establish a standardized set of terms and conditions that promote fairness, transparency, and compliance with relevant regulations. This agreement is commonly used by ranchers, feedlot operators, and livestock markets in San Jose, California, and its surrounding areas. There are no specific variations of this agreement named in San Jose, California. However, different sellers or buyers may choose to include additional clauses or terms that are specific to their operations or preferences. These additional provisions may address matters such as cattle health guarantees, price adjustments, or dispute resolution procedures. In conclusion, the San Jose, California Purchase and Maintenance Agreement for Cattle — Feeder Contract is an essential legal document used in the local cattle industry. It ensures a clear understanding of the purchase, ownership, and maintenance of cattle, promoting a fair and compliant transaction between buyers and sellers.The San Jose, California Purchase and Maintenance Agreement for Cattle — Feeder Contract, also known as the Cattle Purchase Agreement or Feeder Contract, is a legally binding document that outlines the agreement between a buyer and seller in the cattle industry. This agreement specifically pertains to the purchase, ownership, and maintenance of cattle for the purpose of feeding them until they reach a suitable weight for market. This contract is designed to protect the rights and responsibilities of both parties involved, ensuring a smooth transaction and a clear understanding of each party's obligations. It covers various aspects of the cattle purchase and maintenance process, including the payment terms, cattle specifications, maintenance responsibilities, and any additional terms that both parties agree upon. The San Jose, California Purchase and Maintenance Agreement for Cattle — Feeder Contract serves as a vital tool for cattle buyers and sellers in the region. It helps establish a standardized set of terms and conditions that promote fairness, transparency, and compliance with relevant regulations. This agreement is commonly used by ranchers, feedlot operators, and livestock markets in San Jose, California, and its surrounding areas. There are no specific variations of this agreement named in San Jose, California. However, different sellers or buyers may choose to include additional clauses or terms that are specific to their operations or preferences. These additional provisions may address matters such as cattle health guarantees, price adjustments, or dispute resolution procedures. In conclusion, the San Jose, California Purchase and Maintenance Agreement for Cattle — Feeder Contract is an essential legal document used in the local cattle industry. It ensures a clear understanding of the purchase, ownership, and maintenance of cattle, promoting a fair and compliant transaction between 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.
