Jump to content

Production contract

Edit links
From Wikipedia, the free encyclopedia

This is an old revision of this page, as edited by Trevor MacInnis (talk | contribs) at 20:29, 26 July 2009 (→‎References: clean up ref per request using AWB). The present address (URL) is a permanent link to this revision, which may differ significantly from the current revision.

In United States agricultural policy, production contracts specify who supplies the production inputs, the quality and quantity of the commodity to be produced, and the compensation for the producer. Under some livestock production contracts, the farmer is paid to provide housing and care for the animals until they are ready for market, but the contractor actually owns the animals.

In 1997, according to the USDA, about 70% of the value of poultry production was under production contracts, 33% of hogs, and 14% of cattle.

See also

References

  • Public Domain This article incorporates public domain material from Jasper Womach. Report for Congress: Agriculture: A Glossary of Terms, Programs, and Laws, 2005 Edition (PDF). Congressional Research Service.
Retrieved from "https://en.wikipedia.org/w/index.php?title=Production_contract&oldid=304350012"