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7 U.S.C. § 197aProduction contracts

submitted 105 years ago by Pub. L. 110-234 to r/title-7-AGRICULTURE · 260 words · no verdicts yet

in plain englishAI-generated · not legal advice

Poultry growers and swine contract growers can cancel their production contracts within a set window. They must mail a cancellation notice within 3 business days of signing, or by any later date the contract allows. Contracts must clearly explain this cancellation right. Contracts must also warn on the first page that big new capital investments may be required later.

(a) Right of contract producers to cancel production contracts: (1) A poultry grower or swine production contract grower may cancel a poultry growing arrangement or swine production contract by mailing a cancellation notice to the live poultry dealer or swine contractor. This must happen by the later of: (A) 3 business days after the poultry growing arrangement or swine production contract was signed; or (B) any cancellation date named in the arrangement or contract itself. (2) The poultry growing arrangement or swine production contract must clearly disclose: (A) the grower's right to cancel it; (B) how the grower may cancel it; and (C) the deadline for canceling it. (b) Required disclosure of additional capital investments in production contracts: (1) A poultry growing arrangement or swine production contract must contain, on its first page, a statement titled "Additional Capital Investments Disclosure Statement," which must clearly state that additional large capital investments may be required of the grower during the contract's term. (2) This requirement applies to any poultry growing arrangement or swine production contract entered into, amended, altered, modified, renewed, or extended after this section became law.
the actual law source: uscode.house.gov ↗public domain
(a) Right of contract producers to cancel production contracts
(1) In general

A poultry grower or swine production contract grower may cancel a poultry growing arrangement or swine production contract by mailing a cancellation notice to the live poultry dealer or swine contractor not later than the later of—

(A)

the date that is 3 business days after the date on which the poultry growing arrangement or swine production contract is executed; or

(B)

any cancellation date specified in the poultry growing arrangement or swine production contract.

(2) Disclosure

A poultry growing arrangement or swine production contract shall clearly disclose—

(A)

the right of the poultry grower or swine production contract grower to cancel the poultry growing arrangement or swine production contract;

(B)

the method by which the poultry grower or swine production contract grower may cancel the poultry growing arrangement or swine production contract; and

(C)

the deadline for canceling the poultry growing arrangement or swine production contract.

(b) Required disclosure of additional capital investments in production contracts
(1) In general

A poultry growing arrangement or swine production contract shall contain on the first page a statement identified as “Additional Capital Investments Disclosure Statement”, which shall conspicuously state that additional large capital investments may be required of the poultry grower or swine production contract grower during the term of the poultry growing arrangement or swine production contract.

(2) Application

Paragraph (1) shall apply to any poultry growing arrangement or swine production contract entered into, amended, altered, modified, renewed, or extended after the date of the enactment of this section.

Source credit: (Aug. 15, 1921, ch. 64, title II, § 208, as added Pub. L. 110–234, title XI, § 11005, May 22, 2008, 122 Stat. 1356, and Pub. L. 110–246, § 4(a), title XI, § 11005, June 18, 2008, 122 Stat. 1664, 2118.)

history & why it existsrecord from the source credit
  • 1921Enacted · Pub. L. 110-234 · 122 Stat. 1356

A history note hasn’t been published yet. The record shows enactment by Pub. L. 110-234 on 1921-08-15.

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