GroundRules
7 CFR 1220.110: First purchaser.
Where this section sits in the code
- Title 7—Agriculture
- Subtitle B—Regulations of the Department of Agriculture
- CHAPTER XI—AGRICULTURAL MARKETING SERVICE (MARKETING AGREEMENTS AND ORDERS; MISCELLANEOUS COMMODITIES), DEPARTMENT OF AGRICULTURE
- PART 1220—SOYBEAN PROMOTION, RESEARCH, AND CONSUMER INFORMATION
- Subpart A—Soybean Promotion and Research Order
The term first purchaser means—
(a) except as provided in paragraph (b) of this section, any person buying or otherwise acquiring from a producer soybeans produced by such producer; or
(b) In any case in which soybeans are pledged as collateral for a loan issued under any Commodity Credit Corporation price support loan program and the soybeans are forfeited by the producer in lieu of loan repayment, the Commodity Credit Corporation.
Collected 2026-08-27T02:24:01Z. Source file · JSON