247.515 Definitions. As used in KRS 247.510 to 247.595 unless the context otherwise requires: (1) (2) (3) (4) (5) (6) (7) "Commissioner" means the Commissioner of Agriculture; "Board" means the State Board of Agriculture; "Producer" means every person who produces soybeans and thereafter causes the same to be marketed; "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; "Person" means any individual, corporation, partnership, association, cooperative, or other business entity; "Marketing year" means from July 1 to June 30 of the following year; "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. Effective: July 14, 1992 History: Amended 1992 Ky. Acts ch. 45, sec. 1, effective July 14, 1992. -- Amended 1986 Ky. Acts ch. 180, sec. 1, effective July 15, 1986. -- Created 1974 Ky. Acts ch. 83, sec. 2.