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Production contract
Type of agricultural agreement in the United States of America From Wikipedia, the free encyclopedia
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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 such 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.
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In 1997, according to the United States Department of Agriculture, about 70% of the value of poultry production was under production contracts, 33% of hogs, and 14% of cattle.[citation needed]
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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.
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