Virginia Purchase and Maintenance Agreement for Cattle - Feeder Contract

Category:
State:
Multi-State
Control #:
US-01157BG
Format:
Word; 
Rich Text
Instant download

Description

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.

Free preview
  • Preview Purchase and Maintenance Agreement for Cattle - Feeder Contract
  • Preview Purchase and Maintenance Agreement for Cattle - Feeder Contract
  • Preview Purchase and Maintenance Agreement for Cattle - Feeder Contract
  • Preview Purchase and Maintenance Agreement for Cattle - Feeder Contract
  • Preview Purchase and Maintenance Agreement for Cattle - Feeder Contract
  • Preview Purchase and Maintenance Agreement for Cattle - Feeder Contract
  • Preview Purchase and Maintenance Agreement for Cattle - Feeder Contract
  • Preview Purchase and Maintenance Agreement for Cattle - Feeder Contract

How to fill out Purchase And Maintenance Agreement For Cattle - Feeder Contract?

Are you presently in a situation where you require documents for both business or personal purposes nearly every day.

There are numerous legal document templates accessible on the internet, but finding reliable ones is not easy.

US Legal Forms offers a plethora of form templates, including the Virginia Purchase and Maintenance Agreement for Cattle - Feeder Contract, which are crafted to meet federal and state requirements.

If you find the correct form, click Acquire now.

Choose the pricing plan you prefer, fill in the required details to create your account, and complete the order using your PayPal or credit card.

  1. If you are already familiar with the US Legal Forms website and possess an account, simply Log In.
  2. Then, you can download the Virginia Purchase and Maintenance Agreement for Cattle - Feeder Contract template.
  3. If you do not have an account and wish to start using US Legal Forms, follow these steps.
  4. Obtain the form you require and ensure it's for the correct location/county.
  5. Use the Preview button to review the form.
  6. Read the description to confirm you have selected the accurate form.
  7. If the form isn't what you're looking for, utilize the Search section to find the form that suits your needs.

Form popularity

FAQ

Steer. For a lighter animal moving up to that weight, the price rolls back pretty fast. But if you take the animal from 600 to 750, that is the most valuable gain in the feeder cattle complex. It drops a little, but stays pretty high all the way up to 900 lbs.

In a contract feeding agreement, the livestock owner usual- ly agrees to supply the livestock to be fed. The feeder agrees to furnish the feed, equipment and labor for winter- ing, and/or pasturing or fattening the animals. The purpose of the contract is to make provisions for: 2022 Handling and feeding.

Feeder cattle are weaned calves just sent to the feedlots (about 6-10 months old), and live cattle are cattle which have attained a desirable weight (850-1,000 pounds for heifers, and 1,000-1,200 pounds for steers), to be sold to a packer. The packer slaughters the cattle and sells the meat in carcass boxed form.

Service contract means a contract that directly engages the time and effort of a contractor whose primary purpose is to perform an identifiable task rather than to furnish an end item of supply. A service contract may be either a nonpersonal or personal contract.

A contract fee is a mechanism to recover costs associated with research and development that are not otherwise allowable as direct or an indirect cost of a sponsored project.

Besides the industry goals listed in the box, there are five main criteria to consider when selecting beef cattle: (1) growth and frame or skeletal size, (2) muscling, (3) volume, performance, (4) condition, trimness, and (5) structure, soundness, balance.

The USDA feeder cattle frame scores are small (S), medium (M), and large (L), as seen in Figure 2. Largerframed cattle generally have a higher rate of gain, require more time on feed to reach the same finish or fatness, and will attain a heavier slaughter weight.

Third party contracts are agreements that involve a person who isn't a party to a contract but is involved with the transaction. This person may be a buyer representing one of the parties.

Muscle scores with a lower numerical value indicate greater amounts of muscling. Feeder cattle with a muscle score of 1 are highly marketable cattle that are expected to have carcasses with a larger ribeye, less fat and consequently a more desirable yield grade (U.S. Yield Grade 1 or 2).

We rarely market stocker cattle below 750 lbs., Womack says.

Trusted and secure by over 3 million people of the world’s leading companies

Virginia Purchase and Maintenance Agreement for Cattle - Feeder Contract