Within the Livestock Feeding Program, Equity Livestock Credit Corporation buys and retains ownership of livestock placed with a feeder-producer.  The feeder provides management, feed, equipment, facilities and labor to care for and raise the livestock.  In turn, the feeder has no cash outlay in the livestock and is provided with a market for feed crops.  At the completion of the feeding program, the producer receives the gross proceeds of the sale of the livestock, less amounts due Equity Livestock Credit Corporation.  The program is a contractual agreement that establishes a bailee-bailor relationship.  Program includes all species of livestock and any phase of the livestock enterprise.