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.
Wake North Carolina Purchase and Maintenance Agreement for Cattle — Feeder Contract is a legal document that outlines the terms and conditions involved in the purchase and maintenance of cattle in Wake County, North Carolina. This contract serves as a formal agreement between the buyer and seller, ensuring transparency and clarity in the transaction. In this agreement, the buyer agrees to purchase a specified number of cattle from the seller for feeding purposes. The contract includes details such as the purchase price, payment terms, and delivery date. It also outlines the responsibilities of each party regarding the maintenance and care of the cattle. There are different types of Wake North Carolina Purchase and Maintenance Agreement for Cattle — Feeder Contracts based on various factors such as: 1. Feeding Period: This type of contract specifies a predetermined period during which the buyer will be responsible for feeding and maintaining the cattle. The contract may include provisions for feeding methods, nutritional requirements, and veterinary care. 2. Share Lease Agreement: This type of contract involves a partnership between the buyer and seller, where they share the responsibilities and costs associated with cattle maintenance. The agreement outlines the percentage of ownership and profit distribution between the parties. 3. Custom Feeding Agreement: In this type of contract, the buyer provides the cattle to the seller for feeding and maintenance. The agreement covers details such as feed costs, health care, and sale of the finished cattle. 4. Retained Ownership Agreement: This contract allows the buyer to retain ownership of the cattle while they are being fed and maintained by the seller. The agreement may include provisions for profit sharing, cattle inspection, and final sale arrangements. Wake North Carolina Purchase and Maintenance Agreement for Cattle — Feeder Contract is essential for both buyers and sellers to protect their interests and ensure a smooth transaction. It provides a clear framework for the purchase and maintenance of cattle, reducing the risk of misunderstandings and disputes.Wake North Carolina Purchase and Maintenance Agreement for Cattle — Feeder Contract is a legal document that outlines the terms and conditions involved in the purchase and maintenance of cattle in Wake County, North Carolina. This contract serves as a formal agreement between the buyer and seller, ensuring transparency and clarity in the transaction. In this agreement, the buyer agrees to purchase a specified number of cattle from the seller for feeding purposes. The contract includes details such as the purchase price, payment terms, and delivery date. It also outlines the responsibilities of each party regarding the maintenance and care of the cattle. There are different types of Wake North Carolina Purchase and Maintenance Agreement for Cattle — Feeder Contracts based on various factors such as: 1. Feeding Period: This type of contract specifies a predetermined period during which the buyer will be responsible for feeding and maintaining the cattle. The contract may include provisions for feeding methods, nutritional requirements, and veterinary care. 2. Share Lease Agreement: This type of contract involves a partnership between the buyer and seller, where they share the responsibilities and costs associated with cattle maintenance. The agreement outlines the percentage of ownership and profit distribution between the parties. 3. Custom Feeding Agreement: In this type of contract, the buyer provides the cattle to the seller for feeding and maintenance. The agreement covers details such as feed costs, health care, and sale of the finished cattle. 4. Retained Ownership Agreement: This contract allows the buyer to retain ownership of the cattle while they are being fed and maintained by the seller. The agreement may include provisions for profit sharing, cattle inspection, and final sale arrangements. Wake North Carolina Purchase and Maintenance Agreement for Cattle — Feeder Contract is essential for both buyers and sellers to protect their interests and ensure a smooth transaction. It provides a clear framework for the purchase and maintenance of cattle, reducing the risk of misunderstandings and disputes.
