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TeachMeFinance.com - explain Contract for future sale Contract for future sale The term 'Contract for future sale ' as it applies to the area of agriculture can be defined as ' A sales contract under which a farmer agrees to deliver products of specified quality and quantity to a buyer for a specified price within a prescribed time frame. Contract sales are a growing practice, recently accounting for 86% of poultry, more than 50% of fruits, and 43% of milk. The benefits to processors are greater uniformity and predictability resulting in lower costs of grading, processing, and packing. The benefits to farmers are more stable income from a guaranteed market and price, and possibly access to a wider range of production inputs and advanced technology'. Previous 5 Terms: Contour plowing Contour strip farming Contract Contract acreage Contract commodity Next 5 Terms: Contract payments under AMTA Contract price Contract production Contract rate Contract receipts About the author Mark McCracken Author: Mark McCracken is a corporate trainer and author living in Higashi Osaka, Japan. He is the author of thousands of online articles as well as the Business English textbook, "25 Business Skills in English". Copyright © 2005-2011 by Mark McCracken, All Rights Reserved. TeachMeFinance.com is an informational website, and should not be used as a substitute for professional medical, legal or financial advice. Information presented at TeachMeFinance.com is provided on an "AS-IS" basis. Please read the disclaimer for details.