38-29-8. Assessment on soybeans grown in state or sold to first purchaser within state--Rate--Exemption for organic soybeans.
An assessment at the rate of one-half of one percent of the value of the net market price is imposed by the soybean research and promotion council upon all soybeans grown in the state or sold to a first purchaser within the state. This assessment is due upon any identifiable lot or quantity of soybeans. Any soybean producer operating under a national organic program approved by the United States Department of Agriculture who produces and markets only commodities that may be labeled, one hundred percent organic, is eligible for exemption from paying the soybean assessment.
Source: SL 1984, ch 267, §8; SL 1985, ch 314, §9; SL 1985, ch 315; SL 2007, ch 229, §3.