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.
Miami-Dade Florida Purchase and Maintenance Agreement for Cattle — Feeder Contract is a legally binding agreement between a buyer and seller for the purchase and care of cattle in the Miami-Dade area of Florida. This contract defines the terms and conditions that govern the purchase of cattle and outlines the responsibilities of both parties. The keywords relevant to this agreement include Miami-Dade Florida, purchase agreement, maintenance agreement, cattle, feeder contract, buyer, seller, terms and conditions. 1. General Description: The Miami-Dade Florida Purchase and Maintenance Agreement for Cattle — Feeder Contract is a comprehensive document that facilitates the purchase and maintenance of cattle in the Miami-Dade area. This contract outlines the obligations and expectations of both the buyer and the seller. 2. Cattle Purchase: This section of the agreement specifies the details of the cattle purchase, including the quantity, breed, gender, and ages of the animals. It outlines the purchase price, payment terms, and any applicable taxes or fees. 3. Cattle Delivery: The contract describes the delivery process, which includes the timeframe for the buyer to make arrangements for transportation and the seller's responsibility for ensuring the safe transport of the cattle to the buyer's designated location. 4. Cattle Maintenance: This section covers the responsibilities for the care and maintenance of the cattle. It includes details regarding feeding, watering, medical treatments, and vaccination schedules. The contract also addresses the compliance with local regulations and guidelines for animal welfare. 5. Termination and Breach: This contract defines the circumstances under which either party may terminate the agreement, as well as the consequences of breach of contract. It may include provisions for monetary penalties or legal action in case of default. Variations of Miami-Dade Florida Purchase and Maintenance Agreement for Cattle — Feeder Contract— - Miami-Dade Florida Purchase Agreement for Cattle — Feeder Contract: This variation of the contract focuses solely on the sale and purchase of cattle, without including the maintenance aspect. — Miami-Dade Florida Maintenance Agreement for Cattle — Feeder Contract: This version of the contract concentrates on the care and maintenance of cattle, including provisions for the buyer to reimburse the seller for upkeep costs. — Miami-Dade Florida Purchase and Maintenance Agreement for Cattle — Weaning Contract: This contract specifically addresses the purchase, delivery, and maintenance of weaned cattle in the Miami-Dade area, focusing on this particular stage of livestock development. — Miami-Dade Florida Purchase and Maintenance Agreement for Cattle — Breeding Contract: This type of contract deals with the purchase, maintenance, and breeding of cattle within the Miami-Dade area, outlining the responsibilities and obligations of both parties during the breeding process. Note: The mentioned variations are hypothetical and not specific contract types widely used in Miami-Dade County.Miami-Dade Florida Purchase and Maintenance Agreement for Cattle — Feeder Contract is a legally binding agreement between a buyer and seller for the purchase and care of cattle in the Miami-Dade area of Florida. This contract defines the terms and conditions that govern the purchase of cattle and outlines the responsibilities of both parties. The keywords relevant to this agreement include Miami-Dade Florida, purchase agreement, maintenance agreement, cattle, feeder contract, buyer, seller, terms and conditions. 1. General Description: The Miami-Dade Florida Purchase and Maintenance Agreement for Cattle — Feeder Contract is a comprehensive document that facilitates the purchase and maintenance of cattle in the Miami-Dade area. This contract outlines the obligations and expectations of both the buyer and the seller. 2. Cattle Purchase: This section of the agreement specifies the details of the cattle purchase, including the quantity, breed, gender, and ages of the animals. It outlines the purchase price, payment terms, and any applicable taxes or fees. 3. Cattle Delivery: The contract describes the delivery process, which includes the timeframe for the buyer to make arrangements for transportation and the seller's responsibility for ensuring the safe transport of the cattle to the buyer's designated location. 4. Cattle Maintenance: This section covers the responsibilities for the care and maintenance of the cattle. It includes details regarding feeding, watering, medical treatments, and vaccination schedules. The contract also addresses the compliance with local regulations and guidelines for animal welfare. 5. Termination and Breach: This contract defines the circumstances under which either party may terminate the agreement, as well as the consequences of breach of contract. It may include provisions for monetary penalties or legal action in case of default. Variations of Miami-Dade Florida Purchase and Maintenance Agreement for Cattle — Feeder Contract— - Miami-Dade Florida Purchase Agreement for Cattle — Feeder Contract: This variation of the contract focuses solely on the sale and purchase of cattle, without including the maintenance aspect. — Miami-Dade Florida Maintenance Agreement for Cattle — Feeder Contract: This version of the contract concentrates on the care and maintenance of cattle, including provisions for the buyer to reimburse the seller for upkeep costs. — Miami-Dade Florida Purchase and Maintenance Agreement for Cattle — Weaning Contract: This contract specifically addresses the purchase, delivery, and maintenance of weaned cattle in the Miami-Dade area, focusing on this particular stage of livestock development. — Miami-Dade Florida Purchase and Maintenance Agreement for Cattle — Breeding Contract: This type of contract deals with the purchase, maintenance, and breeding of cattle within the Miami-Dade area, outlining the responsibilities and obligations of both parties during the breeding process. Note: The mentioned variations are hypothetical and not specific contract types widely used in Miami-Dade County.
