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 Sacramento California Purchase and Maintenance Agreement for Cattle — Feeder Contract is a legal document that outlines the terms and conditions between the buyer and seller in relation to the purchase and maintenance of cattle for the purpose of feeding. This contract is specifically designed for transactions taking place in Sacramento, California. Keywords: Sacramento California, Purchase and Maintenance Agreement, Cattle, Feeder Contract In the Sacramento California Purchase and Maintenance Agreement for Cattle — Feeder Contract, several key elements are typically addressed. Firstly, the contract identifies the parties involved, including their legal names and addresses. It highlights the buyer's intention to purchase cattle and the seller's obligation to provide the agreed quantity and quality of cattle. The contract specifies the purchase price per head and the total payment due upon delivery or as otherwise agreed upon. Additionally, it outlines any payment terms and conditions, such as installment options or penalties for late payments. Maintenance of the cattle is another crucial aspect covered by this contract. It includes provisions regarding the care, feeding, and handling of the cattle. Details about the nutrition, vaccination, and preventive health practices can also be mentioned to ensure the well-being of the animals. Furthermore, the contract may stipulate the duration of the agreement, outlining the start and end dates of the contract period. It may also specify termination clauses and the procedures involved in case of dispute resolution. Different types of Sacramento California Purchase and Maintenance Agreements for Cattle — Feeder Contract may vary based on specific terms and conditions agreed upon by the parties involved. For instance, there could be contracts tailored for a specific breed of cattle, such as Angus or Hereford, or contracts focusing on organic feeding practices. In conclusion, the Sacramento California Purchase and Maintenance Agreement for Cattle — Feeder Contract is a legally binding document that establishes the relationship between the buyer and seller of cattle in Sacramento, California. By addressing aspects such as purchase price, payment terms, maintenance, and contractual duration, this agreement ensures a clear understanding between the parties involved, fostering a mutually beneficial business relationship.The Sacramento California Purchase and Maintenance Agreement for Cattle — Feeder Contract is a legal document that outlines the terms and conditions between the buyer and seller in relation to the purchase and maintenance of cattle for the purpose of feeding. This contract is specifically designed for transactions taking place in Sacramento, California. Keywords: Sacramento California, Purchase and Maintenance Agreement, Cattle, Feeder Contract In the Sacramento California Purchase and Maintenance Agreement for Cattle — Feeder Contract, several key elements are typically addressed. Firstly, the contract identifies the parties involved, including their legal names and addresses. It highlights the buyer's intention to purchase cattle and the seller's obligation to provide the agreed quantity and quality of cattle. The contract specifies the purchase price per head and the total payment due upon delivery or as otherwise agreed upon. Additionally, it outlines any payment terms and conditions, such as installment options or penalties for late payments. Maintenance of the cattle is another crucial aspect covered by this contract. It includes provisions regarding the care, feeding, and handling of the cattle. Details about the nutrition, vaccination, and preventive health practices can also be mentioned to ensure the well-being of the animals. Furthermore, the contract may stipulate the duration of the agreement, outlining the start and end dates of the contract period. It may also specify termination clauses and the procedures involved in case of dispute resolution. Different types of Sacramento California Purchase and Maintenance Agreements for Cattle — Feeder Contract may vary based on specific terms and conditions agreed upon by the parties involved. For instance, there could be contracts tailored for a specific breed of cattle, such as Angus or Hereford, or contracts focusing on organic feeding practices. In conclusion, the Sacramento California Purchase and Maintenance Agreement for Cattle — Feeder Contract is a legally binding document that establishes the relationship between the buyer and seller of cattle in Sacramento, California. By addressing aspects such as purchase price, payment terms, maintenance, and contractual duration, this agreement ensures a clear understanding between the parties involved, fostering a mutually beneficial business relationship.
