Agistment is the practice of moving livestock from a place where there’s little to no water or feed to another place abundant in water and feed. Although this arrangement, between the livestock provider and the agister involves fees, it’s still the more economical option than buying feed and water for livestock, explains an agribusiness solicitor in Townsville.
The Beauty of Agistment
Aside from ensuring that your livestock would live through the dry season, you also offer the used up pasture on your property the chance to regenerate and recover so that they could nourish your livestock once again at a later time.
Meanwhile, the feed and water on the agister’s property would help improve your livestock’s fertility, overall condition, and in turn, their value. Also, relocating your livestock temporarily somewhere cooler during the harsh summer months would likewise help minimise heat stress on your livestock and maintain their overall health. But before you let your livestock graze anywhere, you need to have a lawfully binding, written agreement with the agister.
What’s in an Agistment Agreement?
Apart from the agistment fees, the agistment agreement should specify the amount of livestock for agistment, their insurance requirements, NLIS requirements, and other relevant details. Do take note that as the owner of the livestock, you’ll still be responsible for the welfare of your livestock, warns an agribusiness solicitor in Townsville.
If you live far away from the agistment property, you should consider negotiating with the property manager or owner if they could care for your livestock. These could incur additional fees, or if you could take on the responsibility of visiting your livestock every few days. Going there should be your responsibility for any issue they can’t handle.
Agistment is a serious undertaking that comes with specific legal implications. When you enter into an agistment agreement, complete with a well-written agistment agreement, it could be a win-win scenario all around not only for your precious livestock, but yourself and your agistment partner as well. Consult an experienced agribusiness solicitor to find out more.