Sponsors must have proof of ownership for the lease or before the effective date of the lease. Members of four H who are moving an animal for a project are in the same position from a liability point of view, as if they owned the animal. Parents and owners should have their own liability insurance to provide coverage as if it were an animal in possession. 4-hour liability insurance is not insured for 24 hours. It is intended for 4-hour activities, such as club meetings or project activities. An insurance certificate may be issued to indicate insurance coverage for a meeting or activity, but such a certificate will not absolve the owner from liability. All pet rental contracts must be approved by the 4-H liability insurance before signing to verify coverage. Even if the contract is not signed by a 4-hour volunteer, the court could submit 4-H coverage according to the language of the contract or lease, if the parent is designed to operate under the 4 H program. The project plan must be checked by the manager, sponsor and tenant at a show before entering the rented animal to ensure that the responsibilities are assumed by the tenant.
The director and sponsor sign the section on compliance with the provisions of the project plan and a copy of the signed project plan is sent to the Landratsamt. No equity leasing report is fair to all producers. If the funds were available to varying degrees, the fair lease would be different. In my example herd, the owner should contribute 29% of the total cost, while the rancher will contribute 71%. A fair agreement would therefore be an agreement in which the owner receives 29% of the income of the calves and the breeder 71%. A good written business plan documents in detail how the contract is terminated – things like the return of cows, the condition of the cows at the end, how to manage death, who feeds the animals last year, etc. Most of the legal and financial problems encountered during termination can be avoided by a well thought out, well thought out and written business plan at first. An example of a full and fair rental agreement is published on my website, www.ag.ndsu.nodak.edu/cow/lsmanews/11-10-99.htm.