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.
Queens New York Purchase and Maintenance Agreement for Cattle — Feeder Contract is a legal document that outlines the terms and conditions of purchasing and maintaining cattle for the purpose of feeding and raising them in Queens, New York. This agreement is crucial for both buyers and sellers of cattle as it ensures a clear understanding of responsibilities and obligations involved in the cattle feeding business. Keywords: Queens New York, Purchase and Maintenance Agreement, Cattle — Feeder Contract, legal document, terms and conditions, purchasing, maintaining, feeding, raising, responsibilities. Different types of Queens New York Purchase and Maintenance Agreement for Cattle — Feeder Contract may include: 1. Queens New York Purchase and Maintenance Agreement for Cattle — Feeder Contract - Individual Buyer: This type of agreement is specifically designed for individual buyers who are interested in purchasing and maintaining cattle for feeding purposes in Queens, New York. The terms and conditions may vary based on the requirements and preferences of the buyer. 2. Queens New York Purchase and Maintenance Agreement for Cattle — Feeder Contract - Commercial Buyer: This variation of the agreement targets commercial buyers who engage in large-scale cattle feeding operations in Queens, New York. It may involve additional clauses related to the volume of cattle purchased, delivery schedules, and pricing terms. 3. Queens New York Purchase and Maintenance Agreement for Cattle — Feeder Contract - Seller's Responsibilities: This type of agreement focuses on outlining the responsibilities of the cattle seller, which may include providing cattle in good health, maintaining proper records, and ensuring compliance with legal requirements. 4. Queens New York Purchase and Maintenance Agreement for Cattle — Feeder Contract - Buyer's Responsibilities: This variation highlights the responsibilities of the cattle buyer, such as providing suitable feeding facilities, proper veterinary care, and appropriate handling techniques for the cattle. 5. Queens New York Purchase and Maintenance Agreement for Cattle — Feeder Contract - Termination Clause: This type of agreement includes a specific clause addressing the conditions and process for terminating the contract, such as breach of contract, non-payment, or other agreed-upon circumstances. It is important to consult with legal professionals or experts specializing in agriculture or livestock business to draft and customize the Queens New York Purchase and Maintenance Agreement for Cattle — Feeder Contract according to individual needs and local regulations.Queens New York Purchase and Maintenance Agreement for Cattle — Feeder Contract is a legal document that outlines the terms and conditions of purchasing and maintaining cattle for the purpose of feeding and raising them in Queens, New York. This agreement is crucial for both buyers and sellers of cattle as it ensures a clear understanding of responsibilities and obligations involved in the cattle feeding business. Keywords: Queens New York, Purchase and Maintenance Agreement, Cattle — Feeder Contract, legal document, terms and conditions, purchasing, maintaining, feeding, raising, responsibilities. Different types of Queens New York Purchase and Maintenance Agreement for Cattle — Feeder Contract may include: 1. Queens New York Purchase and Maintenance Agreement for Cattle — Feeder Contract - Individual Buyer: This type of agreement is specifically designed for individual buyers who are interested in purchasing and maintaining cattle for feeding purposes in Queens, New York. The terms and conditions may vary based on the requirements and preferences of the buyer. 2. Queens New York Purchase and Maintenance Agreement for Cattle — Feeder Contract - Commercial Buyer: This variation of the agreement targets commercial buyers who engage in large-scale cattle feeding operations in Queens, New York. It may involve additional clauses related to the volume of cattle purchased, delivery schedules, and pricing terms. 3. Queens New York Purchase and Maintenance Agreement for Cattle — Feeder Contract - Seller's Responsibilities: This type of agreement focuses on outlining the responsibilities of the cattle seller, which may include providing cattle in good health, maintaining proper records, and ensuring compliance with legal requirements. 4. Queens New York Purchase and Maintenance Agreement for Cattle — Feeder Contract - Buyer's Responsibilities: This variation highlights the responsibilities of the cattle buyer, such as providing suitable feeding facilities, proper veterinary care, and appropriate handling techniques for the cattle. 5. Queens New York Purchase and Maintenance Agreement for Cattle — Feeder Contract - Termination Clause: This type of agreement includes a specific clause addressing the conditions and process for terminating the contract, such as breach of contract, non-payment, or other agreed-upon circumstances. It is important to consult with legal professionals or experts specializing in agriculture or livestock business to draft and customize the Queens New York Purchase and Maintenance Agreement for Cattle — Feeder Contract according to individual needs and local regulations.
