203.20 - SHRINKAGE ADJUSTMENTS -- DISCLOSURES -- PENALTIES.
203.20 SHRINKAGE ADJUSTMENTS -- DISCLOSURES --
PENALTIES.
1. A person who, in connection with the receipt of corn or
soybeans for storage, processing, or sale, adjusts the scale weight
of the grain to compensate for the moisture content of the grain
shall compute the amount of the adjustment by multiplying the scale
weight of the grain by that factor which results in a rate of
adjustment of one and eighteen hundredths percent of weight per one
percent of moisture content. The use of any rate of weight
adjustment for moisture content other than the one prescribed by this
subsection is a fraudulent practice. The person shall post on the
business premises in a conspicuous place notice of the rate of
adjustment for moisture content that is prescribed by this
subsection. Failure to make this disclosure is a simple misdemeanor.
2. A person who, in connection with the receipt of grain for
storage, processing or sale, adjusts the quantity of the grain
received to compensate for losses to be incurred during the handling,
processing, or storage of the grain shall post on the business
premises in a conspicuous place notice of the rate of adjustment to
be made for this shrinkage. Failure to make the required disclosure
is a simple misdemeanor.
3. A person who adjusts the scale weight of corn or soybeans both
for moisture content and for handling, processing, or storage losses
may combine the two adjustment factors into a single factor and may
use this resulting factor to compute the amount of weight adjustment
in connection with storage, processing, or sale transactions,
provided that the person shall post on the business premises in a
conspicuous place a notice that discloses the moisture shrinkage
factor prescribed by subsection 1, the handling shrinkage factor to
be imposed, and the single factor that results from combining these
factors. Failure to make the required disclosure is a simple
misdemeanor. Section History: Early Form
[81 Acts, ch 180, § 17] Section History: Recent Form
C83, § 542.20
C93, § 203.20