Definitions

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    (a)    In this subtitle the following words have the meanings indicated.

    (b)    “Fair market value” means the value established by a contract or by the Department for a loss of grain at the time of the loss.

    (c)    “Grain” means:

        (1)    Corn;

        (2)    Wheat;

        (3)    Rye;

        (4)    Oats;

        (5)    Barley;

        (6)    Sorghum;

        (7)    Soybeans; and

        (8)    Sunflowers.

    (d)    (1)    “Grain dealer” means a person who is in the business of buying, receiving, exchanging, or storing grain from a person who grows grain.

        (2)    “Grain dealer” does not mean a farmer who buys, receives, exchanges, or stores grain for use in the farming business of that farmer.


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