Und - Iowa Pork Producers Association

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LIVESTOCK & POULTRY CONTRACTS – after 6/18/08 • Packers & Stockyards requirements: • All Livestock or Poultry Contracts – Arbitration •Any contract requiring arbitration must contain a provision allowing producer, before entering the contract, to decline to be bound by the arbitration provision •Contract must conspicuously disclose the producer’s right to decline • Also see final GIPSA rule 4
CONTRACTS - GIPSA FINAL RULE • USDA Grain Inspection, Packers & Stockyards Administration (GIPSA) • Applies to contracts “entered into, amended, altered, modified, renewed or extended” after Feb. 7, 2012 • Three areas of regulation in final rule: • Additional capital investments criteria (production contracts) • Reasonable period of time to remedy a breach of contract (production contracts) • Arbitration (production and marketing contracts) 5
Page 1 and 2: UNDERSTANDING CONTRACTS AND LIENS I
Page 3: SWINE CONTRACTS • Packers & Stock
Page 7 and 8: DEFINITIONS Additional capital inve
Page 9 and 10: ADD’L CAP. INVEST. CRITERIA • W
Page 11 and 12: ADD’L CAP. INVEST. CRITERIA •Wa
Page 13 and 14: REASONABLE PERIOD OF TIME TO REMEDY
Page 15 and 16: ARBITRATION •Any marketing or pro
Page 17 and 18: ARBITRATION Criteria GIPSA may cons
Page 19 and 20: LIVESTOCK FEEDING CONTRACTS - INSUR
Page 21 and 22: LIVESTOCK FEEDING CONTRACTS - INSUR
Page 23 and 24: LANDLORD’S LIEN • Also file in
Page 25 and 26: IOWA CONTRACT GROWERS LIEN • Prod
Page 27 and 28: IOWA AG SUPPLY DEALER LIEN • Cert
Page 29 and 30: IOWA AG SUPPLY DEALER LIEN • Dec.
Page 31 and 32: LIENS - LIVESTOCK OWNERS • Contra
Page 33 and 34: LIENS Products sold - first priorit
Page 35 and 36: ENTERING INTO OR MODIFYING A CONTRA
Page 37 and 38: ENTERING INTO OR MODIFYING A CONTRA
Page 39 and 40: CONTRACT DEFAULT • Force majeure
Page 41 and 42: CONTRACT DEFAULT • Right to rebut
Page 43 and 44: CONTRACT DEFAULT • Termination of

Und - Iowa Pork Producers Association

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