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Breeding Livestock Lease Agreements

Damona Doye, Darrel Kletke and, Nikki Coe (September, 2009)

Summary

Managing risk is required from many farm enterprises to be profitable. Contractual arrangements, such as livestock leases, can be crafted to lend or transfer capital, while also sharing risk. The terms or the agreement depend on the contributions of the owner and caretaker, as well as the motivation for the lease. A lease agreement may be the means for an older owner to compensate a livestock caretaker. A pasture producer or owner may also use livestock lease agreement to generate income without committing labor or additional capital.