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Current as of January 01, 2024 | Updated by FindLaw Staff
As used in the Farm Mediation Act, unless the context otherwise requires:
(1) Administrator means the Department of Agriculture or any other appropriate state agency designated by the Governor;
(2) Borrower means an individual, limited liability company, corporation, trust, cooperative, joint venture, or other entity entitled to contract who is engaged in farming or ranching, who derives more than fifty percent of his or her gross income from farming or ranching, and who holds an agricultural loan;
(3) Creditor means any individual, organization, cooperative, partnership, limited liability company, trust, or state or federally chartered corporation to whom an agricultural loan is owed;
(4) Farm mediation service means an entity with which the administrator contracts to conduct mediation and related services pursuant to the act;
(5) Mediation means a process by which the parties present, discuss, and explore practical and realistic alternatives to the resolution of a dispute; and
(6) Mediator means anyone responsible for and engaged in the performance of mediation pursuant to the act.
Cite this article: FindLaw.com - Nebraska Revised Statutes Chapter 2. Agriculture § 2-4802. Terms, defined - last updated January 01, 2024 | https://codes.findlaw.com/ne/chapter-2-agriculture/ne-rev-st-sect-2-4802/
FindLaw Codes may not reflect the most recent version of the law in your jurisdiction. Please verify the status of the code you are researching with the state legislature or via Westlaw before relying on it for your legal needs.
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