Statutes > Iowa Statutes > Title 5 - Agriculture > Subtitle 4 - Agriculture-Related products and Activities > CHAPTER 202A - LIVESTOCK MARKETING PRACTICES > 202A.2 - PURCHASE REPORTS -- FILING.

202A.2 - PURCHASE REPORTS -- FILING.

        202A.2  PURCHASE REPORTS -- FILING.
         1.  A packer shall file purchase reports with the department which
      include information relating to the purchase of livestock as required
      by the department.  The purchase reports shall be completed in a
      manner prescribed by the department.  The department may require that
      purchase reports be filed in an electronic format.  A packer shall
      file purchase reports at times determined practicable by the
      department, but not later than two business days following the event
      being reported.
         2. a.  The information required to be reported may include but
      is not limited to livestock purchased, committed for delivery, or
      slaughtered.  The information may include the volume of daily
      purchases and the weight, grade, and price paid for livestock,
      including all premiums, discounts, or adjustments.  If livestock is
      purchased pursuant to contract, the department may require that
      information in the purchase report be categorized by the type of
      contract.  The purchase reports shall allow the department to compare
      prices paid under contract with cash market prices.
         b.  This section does not require that information reported
      include future plans, events, or transactions, unless provided for by
      contract.
         3.  The department may provide for the public dissemination of
      information contained in purchase reports.
         a.  The department may enter into an agreement with the United
      States department of agriculture or any private marketing service in
      order to disseminate information contained in purchase reports.
         b.  The department, in consultation with the office of
      attorney general, shall designate information in purchase reports
      that reveals the identity of a packer or livestock seller as
      confidential pursuant to section 22.7.
         Section History: Recent Form
         99 Acts, ch 88, §3, 11, 13
         Referred to in § 22.7, 202A.3, 202A.5, 202A.6, 202A.7
         Footnotes
         Future repeal of section if substantially similar federal
      legislation or regulation is implemented; finding and order by
      secretary of agriculture; see 99 Acts, ch 88, §11