7 USC 197a - Production contracts

U.S Code last checked for updates: Nov 22, 2024

§ 197a.

Production contracts

(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

(2)

Application

(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.)

cite as: 7 USC 197a