2006 Kentucky Revised Statutes - .6904   Definitions for KRS 247.6901 to 247.6957.

247.6904 Definitions for KRS 247.6901 to 247.6957. As used in KRS 247.6901 to 247.6957, unless the context otherwise requires: (1)  "Commissioner" means the Commissioner of Agriculture; (2)  "Board" means the State Board of Agriculture; (3)  "Sheep and lambs" means all species of the genus Ovis produced or marketed in Kentucky by any producer; (4)  "Producer" means every person who produces and markets sheep or lambs; (5)  "New producer" means a producer who was not engaged in the business of producing sheep or lambs at the time a referendum was conducted in accordance with the provisions of KRS 247.6901 to 247.6957; (6)  "Person" means any individual, corporation, partnership, association, cooperative, or other business entity; (7)  "Marketing year" means from July 1 to June 30 of the following year; (8)  "Purchaser" means any person, public or private corporation, association, or partnership buying, accepting for shipment, or otherwise acquiring the property in or to sheep or lambs from a producer, and shall include a mortgagee, pledgee, lienor, or other person, public or private, having a claim against the producer, when the actual or constructive possession of the sheep or lambs is taken as part payment or in satisfaction of a mortgage, pledge, lien, or claim; (9)  "Marketed" means any quantities that are sold, bartered, or for which other items of value are exchanged; and (10) "Net market price" means the sales price or other value received by a producer for sheep or lambs after adjustments have been made for any premium or discount based on grading or quality factors. Effective: July 14, 1992 History: Created 1992 Ky. Acts ch. 347, sec. 2, effective July 14, 1992.