Production Contract

Business / Agriculture / Production Contract: These contracts specify who supplies the production inputs, the quality and quantity of the commodity to be produced, and the compensation for the producer. Under some livestock production contracts, the farmer is paid to provide housing and care for the animals until they are ready for market, but the contractor actually owns the animals. In 1997, according to the USDA, about 70% of the value of poultry production was under production contracts, 33% of hogs, and 14% of cattle. See marketing contract.

Other Words for Contract

Contract Noun Synonyms: engage, agree, promise, covenant, undertake
Contract Verb Synonyms: catch, acquire, get, come down with, develop, become infected with, go down with
Contract Adjective Synonyms: agreement, understanding, deal, bargain, arrangement, pact, commitment, obligation, compact
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Other Words for Production

Production Noun Synonyms: producing, manufacture, manufacturing, making, fabrication, preparation, origination, creation, output, putting out, development, formation, forming, forging, shaping, moulding, casting, assembly, building, construction
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Marketing Contract

Business / Agriculture / Marketing Contract: Prices (or pricing mechanisms) are established for a commodity before harvest or before the commodity is ready for marketing. Most management decisions remain with the grower, who retains ownership of MORE

Contract

Business / Agriculture / Contract: Written or oral agreement spelling out the parties’ understanding of how a commodity is to be produced and/or marketed, including specifications for quantity, quality, and price. Marketing contracts MORE

Passage Contract

Life Style / Travel / Passage Contract: Detailed terms of responsibility and accountability found in the cruise ticket. MORE

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