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Und - Iowa Pork Producers Association

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CONTRACT DEFAULT<br />

• Termination of contract<br />

• In general, under a pig purchase<br />

agreement, a buyer’s failure to pay<br />

for one group of pigs in a multi-group<br />

contract is not sufficient legal basis<br />

for a seller to terminate the contract<br />

• Likewise, in general, under a<br />

production contract, missing one<br />

payment is not sufficient legal basis<br />

for the contract feeder to terminate<br />

the contract<br />

44

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