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Show rLivestoclci gjA .M'NAUOHroyLfo ' details that are likely to land both parties into expensive court trials. It seems very simple the producer has the cattle or lanibs; the feeder has the grain, hay and physical setup set-up for livestock feeding. But there is a great difference in the abilities of various feeders. Producers will generally find it best to make an outright sale at the market value, and some means of financing fin-ancing should be available to feeders who are able to carry out a contract fair to the producer. It is hoped that the government will soon have the Agricultural Credit corporation's livestock live-stock loan agencies available in order to make the outright sale and purchase pur-chase of stockers and feeders possible. There is an emergency need for adequate ade-quate livestock financing arrangements arrange-ments and there should be as little delay as possible as the fall marketing market-ing season is now at its height. If the government funds are to be of any real value, the quicker the loan agencies agen-cies are able to function, the more helpful they will be to the livestock industry. With many livestock growers faced by extremely low prices for range cattle and lambs, while on the other hand many farmers have a bountiful supply of feed but lack credit facilities facili-ties with which to buy feeder stock, a system of contract feeding between producer and grower has developed in many parts of the country. In some cases, contract feeding has been successful, suc-cessful, but even under the most favorable fav-orable conditions it must be regarded as a substitute for outright sale by .he producer, and full responsibility by the feeder. It is extremely difficult to devise a contract which is satisfactory to both the producer and the feeder, particularly particu-larly in view of the fact that generally gener-ally the producer's stock is mortgaged mortgag-ed and the feeders' crops are also' subject to some form of mortgage. Considering contract feeding as a last resort, it must be certain that both parties to the contract are thoroughly responsible. They must not only be willing to make a deal which is as nearly fair as possible to each party, but both parties must be able to fulfill ful-fill their agreements. Usually, the procedure is that cattle cat-tle or lambs are weighed into the feedlot over neutral scales, at the going go-ing market price, and when the fat stock is marketed the feeder is allowed al-lowed generally one-half of the gain, computed at the selling price of the livestock. Items of sorting, weighing, assumption of shrink, death losses and other' expenses must be worked out in advance admittedly a very difficult job. Contract feeding, like many other things, sounds good on paper. In fact, there are few examples of' contract feeding that have been reasonably successful. Opinions of the two parties par-ties are likely to differ as to the marketing mar-keting time and place. There is always al-ways the danger of interference from mortgage holders, even though the two contracting parties are in full accord. ac-cord. Many arguments arise as to matters of feeding practice and other |