The following words shall have the following meaning unless context shall indicate otherwise:
"Cooperative association" means any group in which farmers act together in the market preparation, processing, or marketing of farm products or any association organized under Section 79-19-1 et seq., Mississippi Code of 1972.
"Dairy farmer" means a farmer engaged in the business of producing milk for sale to milk processors or to a cooperative association of which the dairy farmer is a member.
"Milk processor" means a person who operates a milk, milk products, or frozen desserts processing plant that is located in the State of Mississippi.
"Purchase price" means an amount of money, based on estimated butterfat content at the time of delivery, that a milk processor agrees to pay a dairy farmer for the purchase of raw milk.