185.1 - DEFINITIONS.
185.1 DEFINITIONS.
As used in this chapter:
1. "Association" means the Iowa soybean association as
recognized in section 185.1A.
2. "Board" means the Iowa soybean association board of
directors established by this chapter.
3. "Bushel" means sixty pounds of soybeans by weight.
4. "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.
5. "First purchaser" means a person, public or private
corporation, governmental subdivision, association, co-operative,
partnership, commercial buyer, dealer, or processor who purchases
soybeans 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 soybeans purchased for the purchaser's personal consumption.
6. "Influencing legislation" means the same as defined in 26
C.F.R. § 56.4911 as that section exists on July 1, 2005.
7. "Market development" means to engage in research and
educational programs directed toward better and more efficient
production and utilization of soybeans; 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 soybeans.
8. "Marketed in this state" refers to a sale of soybeans to a
first purchaser who is a resident of or doing business in this state
where actual delivery of the soybeans occurs in this state.
9. "National assessment" means the assessment on soybeans
collected pursuant to 7 U.S.C. ch. 92.
10. "Net market price" means the sales price received by a
producer for soybeans after adjustments for any premium or discount
based on grading or quality factors.
11. "Producer" means a person engaged in this state in the
business of producing and marketing in the person's name at least two
hundred fifty bushels of soybeans in the previous year.
12. "Promotional order" means an order administered pursuant
to this chapter which establishes a program for the promotion,
research, and market development of soybeans and provides for a state
assessment to finance the program.
13. "Qualified financial institution" means a bank, credit
union, or savings and loan as defined in section 12C.1.
14. "Sale" or "purchase" includes but is not limited to
the pledge or other encumbrance of soybeans as security for a loan
extended under a federal price support loan program. Sale and actual
delivery of the soybeans under the federal price support loan program
occurs when the soybeans are marketed following redemption by the
producer or when the soybeans are forfeited in lieu of loan
repayment. If the soybeans are forfeited in lieu of repayment, the
purchase price of the soybeans is the principal amount of the loan
extended and the state assessment shall be collected at the time of
loan settlement.
15. "Secretary" means the secretary of agriculture.
16. "Soybeans" means and includes all kinds of varieties of
soybeans marketed or sold as soybeans by the producer.
17. "State assessment" or "assessment" means an excise
tax on each bushel of soybeans marketed in this state which is
imposed pursuant to a promotional order as provided in this chapter.
Section History: Early Form
[C73, 75, 77, 79, 81, § 185.1] Section History: Recent Form
83 Acts, ch 22, § 1, 2; 86 Acts, ch 1245, § 633; 94 Acts, ch 1146,
§ 19, 20; 2005 Acts, ch 82, §1--3
Further definitions; see § 159.1