Kentucky Revised Statutes Title XXI. Agriculture and Animals § 247.515.Definitions

(1) “Commissioner” means the Commissioner of Agriculture;

(2) “Board” means the State Board of Agriculture;

(3) “Producer” means every person who produces soybeans and thereafter causes the same to be marketed;

(4) “New producer” means a producer who was not engaged in the business of producing soybeans at the time a referendum was conducted in accordance with the provisions of KRS 247.510 to 247.595;

(5) “Person” means any individual, corporation, partnership, association, cooperative, or other business entity;

(6) “Marketing year” means from July 1 to June 30 of the following year;

(7) “Purchaser” means any person, public or private corporation, federal commodity credit corporation, association, or partnership buying, accepting for shipment, or otherwise acquiring the property in or to soybeans from a producer, and shall include a mortgagee, pledgee, lienor, or other person, public or private, having a claim against the producer, when the actual or constructive possession of such soybeans is taken as part payment or in satisfaction of such mortgage, pledge, lien, or claim;

(8) “Net market price” means the sales price or other value received by a producer for soybeans after adjustments have been made for any premium or discount based on grading or quality factors; and

(9) “Promotion board” means the Kentucky Soybean Promotion Board.