Agistment is the placement of livestock from one farm onto another for food, water, and shelter – in return for a fee (usually cost/head/week).
Many landholders choose to do this as a way of earning extra income and / or reducing the cost of mowing or slashing.
It’s important to put the leasing arrangement in writing so that both parties understand their obligations. It reduces the likelihood that a dispute will arise through misunderstandings.
A Livestock Agistment Contract sets out the terms and conditions upon which a Landholder will accept livestock for agistment on their property.
The agreement needs to have the names and signatures of the parties, date it was signed, period for which the agreement applies, and a description of what is being agreed upon.
The owner of the animals is usually responsible for getting the livestock to and from the agistment property and retains ownership of the livestock except under certain circumstances (such as non-payment of fees).
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