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