{"data":{"id":"us-ky/krs-247.553","jurisdiction":"us-ky","citation":"KRS 247.553","heading":"Assessment on soybeans for seed stock.","body":"A first purchaser who purchases soybeans in accordance with a contract or otherwise with\nthe intent of utilizing the soybeans for seed stock shall be responsible for remitting the\nassessment due on the soybeans as required by KRS 247.570. The assessment sh all be\ncollected from the producer at the time of final settlement for the soybeans. The\nassessment on soybeans marketed for use as seed stock shall be based upon the\npercentage specified in KRS 247.552, multiplied by the posted county price for soybeans\non the day of settlement as posted at the local Farm Service Agency office for the county\nin which the first purchaser is located. No assessment shall be collected unless the\nassessment in KRS 247.552 is in force.","path":["KRS Chapter 247"],"source_url":"https://apps.legislature.ky.gov/law/statutes/statute.aspx?id=11716","current_through":"Includes enactments through the 2026 Regular Session","vintage":"09/05/2026","retrieved_at":"2026-09-05T20:52:58Z","sha256":"5eab0a26a860baf9a3d7892a2f8446a031e25ac09afb7d6748576f757c2c3f24","source_id":"us-ky","stale":false,"prev":"us-ky/krs-247.552","next":"us-ky/krs-247.555"},"notice":"GroundRules: Original legal text. Not legal advice."}