- (1) Oregon Farm Products Central Filing System is a statewide filing system that permits the registering of a security interest in farm products by filing an effective financing statement (EFS) with the Office of the Secretary of State.
- (2) Within the context of the Oregon Farm Products Central Filing System, farm products means an agricultural commodity including but not limited to wheat, corn, soybeans, or a species of fish or livestock such as cattle, hogs, sheep, horses, or poultry used or produced in farming operations, or a product of such crop, fish or livestock in its unmanufactured state, including but not limited to wool clip, milk and eggs, that is in the possession of a person engaged in farming operations.
- (3) In Oregon, the effective financing statement does not create a security interest in the farm products. It is not the same as a financing statement or security agreement filed under the Uniform Commercial Code laws. The effective financing statement is a document that meets the requirements of Section 1324 of Public Law 99-198.
- (4) The secured party must submit a UCC filing under ORS Chapter 79 to perfect a security interest in farm products.
Statutory/Other Authority
ORS 79.6020(4), 79.6020(5) & 79.6030
Statutes/Other Implemented
ORS 79.6030
History
CORP 1-2008, f. & cert. ef. 1-15-08
PRD 1-1989, f. 12-12-89, cert. ef. 1-1-90, Renumbered from 164-050-0010
SOS 24-1987, f. 11-5-87, ef. 11-15-87
SOS 11-1987, f. 7-9-87, ef. 8-1-87
SOS 1-1987, f. & ef. 1-2-87
SD 33-1986(Temp), f. 12-5-86, ef. 12-24-86