KRS 247.553: Assessment on soybeans for seed stock.

A first purchaser who purchases soybeans in accordance with a contract or otherwise with

the intent of utilizing the soybeans for seed stock shall be responsible for remitting the

assessment due on the soybeans as required by KRS 247.570. The assessment sh all be

collected from the producer at the time of final settlement for the soybeans. The

assessment on soybeans marketed for use as seed stock shall be based upon the

percentage specified in KRS 247.552, multiplied by the posted county price for soybeans

on the day of settlement as posted at the local Farm Service Agency office for the county

in which the first purchaser is located. No assessment shall be collected unless the

assessment in KRS 247.552 is in force.