This agreement is a contract for one party (agistor) to assume responsibility for the conservation and welfare of another party`s livestock for payment. Agistment can be a serious undertaking with legal implications. However, carefully and in the form of a written agreement, it can be a beneficial breeding technique in dry periods. When developing the residence contract, you should always take into account the total cost of livestock, including the transport of livestock, transportation and transport costs, regular visits for livestock control, animal insurance and legal fees. In our previous interventions, we have introduced when and why agistment may be an option for you and we have introduced important interests/concerns to be aware of stock conservation. This last intervention will focus on the written agreement on why it is important and what it should include. Agistment can be a mutually beneficial agreement for both landowners and landowners. We hope you found our blog series on Agistment useful for your situation. Check out our Agistment Toolkit for more resources and information. The agreement should include an extension of the period of aggression if all goes well. Many situations do not reach such a crisis point, but an agreement is a wonderful first step in a mutually beneficial and clear working relationship between the two actions. For a landowner who approves the organization, there are important points that need to be negotiated and agreed upon, preferably in writing, so that each party is aware of its possibilities.
A written agreement defines the corresponding conditions and reduces the likelihood that a dispute will arise from misunderstandings. From the point of view of stockholders, agreements also help protect the ownership of your portfolio. There is a potential risk for the owner to lose his property if the landowner is bankrupt, in management or in liquidation. This risk stems from the Staff Ownership Act (PPSA), launched in 2012. This law requires that agility agreements be documented and registered in order to protect the owner of the stock. It is essential to reach a written and binding agreement with the person proposing an agreement. In addition to the cost of collection, all animal insurance requirements, NLIS requirements, number of animals seeking (including prospective offspring) and lifespan must be recorded.