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.
Tarrant Texas Purchase and Maintenance Agreement for Cattle — Feeder Contract is a legally binding document that outlines the terms and conditions for the purchase, care, and maintenance of cattle in Tarrant County, Texas. This agreement is commonly used by farmers, ranchers, and cattle feeders to establish a clear understanding of their responsibilities and obligations towards cattle ownership. The contract typically covers various aspects such as purchase price, delivery terms, cattle specifications, feeding and healthcare protocols, as well as legal liabilities and remedies in case of disputes. There may be different types of Tarrant Texas Purchase and Maintenance Agreement for Cattle — Feeder Contract based on the specific requirements and arrangements between the parties involved. Some common variations may include: 1. Tarrant Texas Purchase and Maintenance Agreement for Cattle — FeedeContractac— – Cash Sale: This type of contract involves a straightforward cash transaction, where the buyer purchases the cattle outright from the feeder. The agreement will outline the agreed-upon purchase price, payment terms, and any additional conditions. 2. Tarrant Texas Purchase and Maintenance Agreement for Cattle — FeedeContractac— – Feedlot Lease: In this contract, the buyer leases a feedlot facility from the feeder and agrees to pay a predetermined fee to house and feed the purchased cattle. The agreement will cover details such as lease duration, payment structure, feeding protocols, and responsibilities of each party. 3. Tarrant Texas Purchase and Maintenance Agreement for Cattle — FeedeContractac— – Custom Feeding: This type of contract is applicable when the buyer provides the feeder with their own cattle to be fed and cared for. The agreement will specify the feeding and healthcare requirements, payment terms, and any additional services to be provided by the feeder. It is essential for all parties involved to carefully review and understand the terms and conditions of the Tarrant Texas Purchase and Maintenance Agreement for Cattle — Feeder Contract before signing. It is also recommended seeking legal counsel to ensure compliance with local regulations and to protect the interests of all parties involved.Tarrant Texas Purchase and Maintenance Agreement for Cattle — Feeder Contract is a legally binding document that outlines the terms and conditions for the purchase, care, and maintenance of cattle in Tarrant County, Texas. This agreement is commonly used by farmers, ranchers, and cattle feeders to establish a clear understanding of their responsibilities and obligations towards cattle ownership. The contract typically covers various aspects such as purchase price, delivery terms, cattle specifications, feeding and healthcare protocols, as well as legal liabilities and remedies in case of disputes. There may be different types of Tarrant Texas Purchase and Maintenance Agreement for Cattle — Feeder Contract based on the specific requirements and arrangements between the parties involved. Some common variations may include: 1. Tarrant Texas Purchase and Maintenance Agreement for Cattle — FeedeContractac— – Cash Sale: This type of contract involves a straightforward cash transaction, where the buyer purchases the cattle outright from the feeder. The agreement will outline the agreed-upon purchase price, payment terms, and any additional conditions. 2. Tarrant Texas Purchase and Maintenance Agreement for Cattle — FeedeContractac— – Feedlot Lease: In this contract, the buyer leases a feedlot facility from the feeder and agrees to pay a predetermined fee to house and feed the purchased cattle. The agreement will cover details such as lease duration, payment structure, feeding protocols, and responsibilities of each party. 3. Tarrant Texas Purchase and Maintenance Agreement for Cattle — FeedeContractac— – Custom Feeding: This type of contract is applicable when the buyer provides the feeder with their own cattle to be fed and cared for. The agreement will specify the feeding and healthcare requirements, payment terms, and any additional services to be provided by the feeder. It is essential for all parties involved to carefully review and understand the terms and conditions of the Tarrant Texas Purchase and Maintenance Agreement for Cattle — Feeder Contract before signing. It is also recommended seeking legal counsel to ensure compliance with local regulations and to protect the interests of all 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.
