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Cedar Rapids, Iowa Attorney practicing in Iowa primarily in Personal Injury, Employment Law, Family Law, Civil Litigation and Appeals, Personal Injury and Agricultural Law. Lawyers at the Day Rettig Peiffer, P. C. are dedicated to serve their clients in Iowa, including the cities of Des Moines, Fort Dodge, Ames, Cedar Rapids, Iowa City, Davenport, Dubuque, Waterloo, Adel, Marshalltown, Pella, Decorah, Eldora, Johnston, Ankeny, Muscatine, Ottumwa, Manchester, Elkader and Burlington , and the communities that make Polk, Webster, Story, Linn, Johnson, Scott, Dubuque, Black Hawk, Dallas, Marshall, Marion, Winneshiek, Muscatine, Wapello, Delaware, Clayton, Hardin and Des Moines counties. |
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| Question: |
| What is a production contract? |
| Answer: |
A production contract is a legal agreement between a producer and a contractor. It requires the producer to deliver a set amount of goods on a given date and requires the contractor to pay a set amount of money. This gives agricultural producers access to capital and wider markets, while protecting against market variations. It gives contractors a guarantee of supply and influence over the production process. Production contracts are governed by state and federal regulations, as are other contracts in the agricultural industry. An understanding of basic contract law is invaluable when running any business – especially an agricultural one, where a single contract can determine the success of a year’s work.
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| Copyright © MMIX JAKOBIE |
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DISCLAIMER: The information you obtain at our firm web site is not, nor is it intended to be, legal advice. It is recommended that you should consult an attorney for individual advice regarding your own situation.
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If you would like to schedule a initial consultation contact an Iowa agricultural law attorney representing clients in Dubuque, Iowa at the Day Rettig Peiffer, P. C.. Give us a call at (866) 472-3270 or email us at info@drpjlaw.com.
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