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.
Allegheny Pennsylvania Purchase and Maintenance Agreement for Cattle — Feeder Contract is a legally binding document that outlines the terms and conditions for the purchase and maintenance of cattle in the Allegheny County area in Pennsylvania. This agreement is used by cattle farmers, ranchers, and livestock producers who engage in the business of buying and raising feeder cattle for various purposes, such as breeding, meat production, or resale. In this contract, the parties involved, typically the buyer and the seller, agree to the terms regarding the purchase, care, and maintenance of the cattle. It includes details about the cattle's specifications, payment terms, delivery schedule, and responsibilities of both parties. The agreement may also cover other aspects such as insurance, veterinary care, transportation, and any additional services or expenses related to the livestock. There may be different types or variations of Allegheny Pennsylvania Purchase and Maintenance Agreement for Cattle — Feeder Contract based on specific circumstances or preferences. Some possible variations may include: 1. Standard Purchase and Maintenance Agreement: This is the most common type of contract used by buyers and sellers in the Allegheny County area. It covers the essential aspects of purchasing and maintaining feeder cattle without any additional clauses or special conditions. 2. Customized Purchase and Maintenance Agreement: In certain cases, parties may choose to include specific clauses or conditions tailored to their unique requirements. This variation allows for customization based on the specific needs of the buyer, seller, or the cattle itself, such as breed specifications or dietary preferences. 3. Partial Purchase and Maintenance Agreement: This type of contract may be utilized when a buyer wishes to purchase only a portion of a seller's cattle inventory. It may specify the number of cattle to be purchased, the agreed-upon percentage of the total inventory, or any other terms regarding the partial purchase and maintenance of the cattle. It is important to note that the exact types or names of the Allegheny Pennsylvania Purchase and Maintenance Agreement for Cattle — Feeder Contract may vary depending on the practices and preferences of the involved parties. Therefore, it is recommended to consult with a legal professional to draft or review the specific contract tailored to your circumstances.Allegheny Pennsylvania Purchase and Maintenance Agreement for Cattle — Feeder Contract is a legally binding document that outlines the terms and conditions for the purchase and maintenance of cattle in the Allegheny County area in Pennsylvania. This agreement is used by cattle farmers, ranchers, and livestock producers who engage in the business of buying and raising feeder cattle for various purposes, such as breeding, meat production, or resale. In this contract, the parties involved, typically the buyer and the seller, agree to the terms regarding the purchase, care, and maintenance of the cattle. It includes details about the cattle's specifications, payment terms, delivery schedule, and responsibilities of both parties. The agreement may also cover other aspects such as insurance, veterinary care, transportation, and any additional services or expenses related to the livestock. There may be different types or variations of Allegheny Pennsylvania Purchase and Maintenance Agreement for Cattle — Feeder Contract based on specific circumstances or preferences. Some possible variations may include: 1. Standard Purchase and Maintenance Agreement: This is the most common type of contract used by buyers and sellers in the Allegheny County area. It covers the essential aspects of purchasing and maintaining feeder cattle without any additional clauses or special conditions. 2. Customized Purchase and Maintenance Agreement: In certain cases, parties may choose to include specific clauses or conditions tailored to their unique requirements. This variation allows for customization based on the specific needs of the buyer, seller, or the cattle itself, such as breed specifications or dietary preferences. 3. Partial Purchase and Maintenance Agreement: This type of contract may be utilized when a buyer wishes to purchase only a portion of a seller's cattle inventory. It may specify the number of cattle to be purchased, the agreed-upon percentage of the total inventory, or any other terms regarding the partial purchase and maintenance of the cattle. It is important to note that the exact types or names of the Allegheny Pennsylvania Purchase and Maintenance Agreement for Cattle — Feeder Contract may vary depending on the practices and preferences of the involved parties. Therefore, it is recommended to consult with a legal professional to draft or review the specific contract tailored to your circumstances.
