185C.1 - DEFINITIONS.



        185C.1  DEFINITIONS.
         As used in this chapter:
         1.  "Assessment" means a state or federal assessment.
         2.  "Board" means the Iowa corn promotion board established by
      this chapter.
         3.  "Bushel" means fifty-six pounds of corn by weight.
         4.  "Corn" means and includes all kinds of varieties of corn
      marketed or sold as corn by the producer but shall not include sweet
      corn or popcorn or seed corn.
         5.  "District" means an official crop reporting district
      formed by the United States department of agriculture and set out in
      the annual farm census published by the Iowa department of
      agriculture and land stewardship.
         6.  "Federal assessment" means a federal excise tax or other
      charge which is imposed for purposes related to market development.
         7.  "First purchaser" means a person, public or private
      corporation, governmental subdivision, association, co-operative,
      partnership, commercial buyer, dealer, or processor who purchases
      corn from a producer for the first time for any purpose except to
      feed it to the purchaser's livestock or to manufacture a product from
      the corn purchased for the purchaser's personal consumption.
         8.  "Market development" means to engage in research and
      educational programs directed toward better and more efficient
      utilization of corn; to provide methods and means, including but not
      limited to, public relations and other promotion techniques for the
      maintenance of present markets; to provide for the development of new
      or larger domestic and foreign markets; and to provide for the
      prevention, modification, or elimination of trade barriers which
      obstruct the free flow of corn.
         9.  "Marketed in this state" refers to a sale of corn to a
      first purchaser who is a resident of or doing business in this state
      where actual delivery of the corn occurs in this state.
         10.  "Marketing year" means the twelve-month period beginning
      the first day of September and ending on the following thirty-first
      day of August.
         11.  "Producer" means any individual, firm, corporation,
      partnership, or association engaged in this state in the business of
      producing and marketing in their name at least two hundred fifty
      bushels of corn in the previous marketing year.
         12.  "Promotional order" means an order pursuant to this
      chapter which provides for the administration of this chapter and
      provides for a state assessment necessary to provide for its
      administration.
         13.  "Qualified financial institution" means a bank, credit
      union, or savings and loan as defined in section 12C.1.
         14.  "Sale" or "purchase" may, to the extent determined by
      the board, include the pledge or other encumbrance of corn as
      security for a loan extended under a federal price support loan
      program.  Actual delivery of the corn occurs when the corn is pledged
      or otherwise encumbered to secure the loan.  The purchase price of
      the corn is the principal amount of the loan extended and the
      purchase invoice for the corn is the documentation required for
      extension of the loan.
         15.  "Secretary" means the secretary of agriculture.
         16.  "State assessment" means a state excise tax on each
      bushel of corn marketed in this state which is imposed as part of a
      promotional order to administer this chapter.  
         Section History: Early Form
         [C77, 79, 81, § 185C.1] 
         Section History: Recent Form
         83 Acts, ch 22, § 3, 4; 86 Acts, ch 1245, § 634; 89 Acts, ch 198,
      §1--3; 94 Acts, ch 1146, §32, 33; 2004 Acts, ch 1024, §1, 2
         Further definitions; see § 159.1