Production contracts

Term · Insurance and risk management · MLC-T-INS-002699

Agreements in which a farmer or rancher raises crops or livestock to the buyer's specifications for a processor or integrator, who may supply inputs such as feed or young animals and agrees to buy the output. The grower supplies land, buildings and labor and is paid a fee or contract price rather than a market price. Poultry growing for integrators under such contracts is the best known example.

Table 1. Record
Identifier	MLC-T-INS-002699
Field	Insurance and risk management

Record as JSON

{
  "id": "MLC-T-INS-002699",
  "term": "Production contracts",
  "field": "Insurance and risk management",
  "definition": "Agreements in which a farmer or rancher raises crops or livestock to the buyer's specifications for a processor or integrator, who may supply inputs such as feed or young animals and agrees to buy the output. The grower supplies land, buildings and labor and is paid a fee or contract price rather than a market price. Poultry growing for integrators under such contracts is the best known example.",
  "url": "https://mlchart.com/terminology/insurance/production-contracts/"
}

Record 2,721 of 3,708 in Insurance and risk management terminology (MLC-0106). Request the full dataset.