7 USC 6302 - Definitions

U.S Code last checked for updates: May 03, 2024

§ 6302.

Definitions

As used in this chapter:

(1)

Board

(2)

Commerce

(3)

Committee

(4)

Consumer information

(5)

Department

(6)

First purchaser

The term “first purchaser” means—

(A)

except as provided in subparagraph (B), any person buying or otherwise acquiring from a producer soybeans produced by such producer; or

(B)

the Commodity Credit Corporation, in any case in which soybeans are pledged as collateral for a loan issued under any price support loan program administered by the Commodity Credit Corporation.

(7)

Industry information

(8)

Marketing

(9)

Net market price

The term “net market price” means—

(A)

except as provided in subparagraph (B), the sales price or other value received by a producer for soybeans after adjustments for any premium or discount based on grading or quality factors, as determined by the Secretary; or

(B)

for soybeans pledged as collateral for a loan issued under any price support loan program administered by the Commodity Credit Corporation, the principal amount of the loan.

(10)

Order

(11)

Person

(12)

Producer

(13)

Promotion

(14)

Qualified State soybean board

The term “qualified State soybean board” means a State soybean promotion entity that is authorized by State law. If no such entity exists in a State, the term “qualified State soybean board” means a soybean producer-governed entity—

(A)

that is organized and operating within a State;

(B)

that receives voluntary contributions and conducts soybean promotion, research, consumer information, or industry information programs; and

(C)

that meets criteria established by the Board as approved by the Secretary relating to the qualifications of such entity to perform duties under the order and is recognized by the Board as the soybean promotion and research entity within the State.

(15)

Research

(16)

Secretary

(17)

Soybean products

(18)

Soybeans

(19)

State

(Pub. L. 101–624, title XIX, § 1967, Nov. 28, 1990, 104 Stat. 3882.)

cite as: 7 USC 6302