As used in this article, unless the context requires a different meaning:
"Cash buyer" means any person who pays the producer, or his representative,at the time of obtaining title, possession or control of grain, the agreedprice of such grain in coin or currency, certified checks, cashier's checks,or drafts issued by a bank.
"Contract" means a binding agreement between the grain dealer and theproducer that describes the terms and conditions of the delivery of grain andthe purchase price.
"Deferred payment" means that the purchase price for grain delivered by theproducer is fixed and specified in the contract, but payment is not receivedby the producer until a mutually agreed upon subsequent date.
"Full market value" means the value recognized as the average weekly priceper bushel for the Commonwealth as quoted by the Department.
"Grain" means grains including corn (maize), wheat, rye, oats, barley,flaxseed, soybeans, and sunflower.
"Grain bank" means grain owned by a producer and held temporarily by thedealer for use in the formulation of feed and returned to the producer ondemand as feed or whole grain.
"Grain dealer" means any person who buys, solicits for sale or resale,processes for sale or resale, contracts for storage or exchange, or transfersgrain of a Virginia producer. The term shall exclude farmers or groups offarmers buying grain for consumption on their farms.
"Grain exchange" means grain owned by a producer and held temporarily bythe dealer for use in the formulation of processed flour to be returned tothe producer on demand as flour or whole grain.
"Loss" means any monetary loss to a producer as a result of doing businesswith a dealer that shall include bankruptcy, embezzlement, theft or fraud.
"Price later" means that the actual purchase price is not fixed at the timeof delivery, but allows the producer to choose a bid price on any businessday during a stated time period as agreed between the parties.
"Producer" means any person in Virginia who produces grain.
"Storage" or "holding" means any method by which grain owned by anotheris held for the owner by a person who is not the direct owner, except fortransportation thereof.
(1972, c. 296, § 3.1-722.16; 1982, c. 187; 2008, c. 860.)
As used in this article, unless the context requires a different meaning:
"Cash buyer" means any person who pays the producer, or his representative,at the time of obtaining title, possession or control of grain, the agreedprice of such grain in coin or currency, certified checks, cashier's checks,or drafts issued by a bank.
"Contract" means a binding agreement between the grain dealer and theproducer that describes the terms and conditions of the delivery of grain andthe purchase price.
"Deferred payment" means that the purchase price for grain delivered by theproducer is fixed and specified in the contract, but payment is not receivedby the producer until a mutually agreed upon subsequent date.
"Full market value" means the value recognized as the average weekly priceper bushel for the Commonwealth as quoted by the Department.
"Grain" means grains including corn (maize), wheat, rye, oats, barley,flaxseed, soybeans, and sunflower.
"Grain bank" means grain owned by a producer and held temporarily by thedealer for use in the formulation of feed and returned to the producer ondemand as feed or whole grain.
"Grain dealer" means any person who buys, solicits for sale or resale,processes for sale or resale, contracts for storage or exchange, or transfersgrain of a Virginia producer. The term shall exclude farmers or groups offarmers buying grain for consumption on their farms.
"Grain exchange" means grain owned by a producer and held temporarily bythe dealer for use in the formulation of processed flour to be returned tothe producer on demand as flour or whole grain.
"Loss" means any monetary loss to a producer as a result of doing businesswith a dealer that shall include bankruptcy, embezzlement, theft or fraud.
"Price later" means that the actual purchase price is not fixed at the timeof delivery, but allows the producer to choose a bid price on any businessday during a stated time period as agreed between the parties.
"Producer" means any person in Virginia who produces grain.
"Storage" or "holding" means any method by which grain owned by anotheris held for the owner by a person who is not the direct owner, except fortransportation thereof.
(1972, c. 296, § 3.1-722.16; 1982, c. 187; 2008, c. 860.)
As used in this article, unless the context requires a different meaning:
"Cash buyer" means any person who pays the producer, or his representative,at the time of obtaining title, possession or control of grain, the agreedprice of such grain in coin or currency, certified checks, cashier's checks,or drafts issued by a bank.
"Contract" means a binding agreement between the grain dealer and theproducer that describes the terms and conditions of the delivery of grain andthe purchase price.
"Deferred payment" means that the purchase price for grain delivered by theproducer is fixed and specified in the contract, but payment is not receivedby the producer until a mutually agreed upon subsequent date.
"Full market value" means the value recognized as the average weekly priceper bushel for the Commonwealth as quoted by the Department.
"Grain" means grains including corn (maize), wheat, rye, oats, barley,flaxseed, soybeans, and sunflower.
"Grain bank" means grain owned by a producer and held temporarily by thedealer for use in the formulation of feed and returned to the producer ondemand as feed or whole grain.
"Grain dealer" means any person who buys, solicits for sale or resale,processes for sale or resale, contracts for storage or exchange, or transfersgrain of a Virginia producer. The term shall exclude farmers or groups offarmers buying grain for consumption on their farms.
"Grain exchange" means grain owned by a producer and held temporarily bythe dealer for use in the formulation of processed flour to be returned tothe producer on demand as flour or whole grain.
"Loss" means any monetary loss to a producer as a result of doing businesswith a dealer that shall include bankruptcy, embezzlement, theft or fraud.
"Price later" means that the actual purchase price is not fixed at the timeof delivery, but allows the producer to choose a bid price on any businessday during a stated time period as agreed between the parties.
"Producer" means any person in Virginia who produces grain.
"Storage" or "holding" means any method by which grain owned by anotheris held for the owner by a person who is not the direct owner, except fortransportation thereof.
(1972, c. 296, § 3.1-722.16; 1982, c. 187; 2008, c. 860.)
