Sheller contract.
Sheller contract. A written agreement between the producer and a sheller, or the producer and a handler, containing at a minimum:
(a) The producer's commitment to plant and grow peanuts, and to deliver the peanut production to the sheller or handler;
(b) The sheller's or handler's commitment to purchase all the production stated in the sheller contract (an option to purchase is not a commitment); and
(c) A base contract price.