101—5.1(17A,22) Definitions.

1. 1. The person’s only share in the proceeds of a sale of cattle or beef is a sales commission, handling fee, or other service fee.

2. 2. The person acquired ownership of cattle to facilitate the transfer of ownership of such cattle from the seller to a third party; resold such cattle no later than ten days from the date on which the person acquired ownership; and certified as required by the rules adopted by the executive committee.

   “Purchase” occurs when a purchaser enters into a verbal or written agreement with a producer to accept delivery of cattle from the producer.

   “Purchaser” means a person who purchases cattle from a producer.

As used in this chapter:

“Agency” in these rules means the Iowa beef industry council.

“Cattle” means any live domesticated bovine animal regardless of age.

“Producer” means any person who owns or acquires ownership of cattle in this state. However, a person shall not be considered a producer if any of the following apply:

[ARC 3082C, IAB 5/24/17, effective 6/28/17]