Legal Question in Business Law in Arkansas
fiducrary role
We grow poultry for a company that pays based on performance. We grow around 1.5 mil pounds of poultry per year. We are in competition with other farmers who had poultry placed the same week we do. Grow out is about 6 wks. The company owns the poultry, the feed. We supply the building and labor. Our pay is based on cost to convert feed to meat. The better cost more money taken from the farmer with higher cost. My questions,
1. Has the intragrador set them up in a fiduciary role?
2. The competition is not fair. Some farmers will get chicks that are healthy, and strong, some will get birds that the company knows have come from unhealthy hens and the farmer just has to do the best they can.
3. Very young hens, and very old hens tend too produce less productive chicks whereas hens in the prime produce a healthier more vibrant bird.
4. There is no compensation for poor chick quality and this seems very unfair.
5. feed quality plays a role also. Some may get feed that has more corn because it has become cheap on the market. Others may get silage because corn is high.
If the company is in a fiducrary role have they violated it?
1 Answer from Attorneys
Re: fiducrary role
In order to answer those questions I would need to review your complete situation. All parties must act in good faith and the competition must be fair. If you would like to discuss this situation, please contact me via email or call toll free at 1.800.403.7868. Thank you.
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