Subdivision 1. Applicability.
For the purpose of sections
, the terms defined
in this section have the meanings given them.
Subd. 2. Bond.
"Bond" means an obligation acceptable to and running to the state, as
obligee, for the purpose of indemnifying producers of grain against the breach of a contract
by a grain buyer.
Subd. 2a. Cash sale.
"Cash sale" means:
(a) a sale for which payment is tendered to the seller not later than the close of business on
the next business day after the sale, either in cash or by check, or by mailing or wiring funds to
the seller's account in the amount of at least 80 percent of the value of the grain at delivery; or
(b) a sale of a shipment of grain which is part of a multiple shipment sale, for which a scale
ticket clearly marked "CASH" has been received by the seller before completion of the entire sale,
and for which payment is tendered in cash or by check not later than ten days after the sale of that
shipment, except that when the entire sale is completed, payment is tendered in cash or by check
not later than the close of business on the next business day, or within 48 hours, whichever is later.
Subd. 3. Commissioner.
"Commissioner" means the commissioner of agriculture or the
Subd. 3a. Electronic document.
"Electronic document" means a document that is generated,
sent, received, or stored by electronic, optical, or similar means, including electronic data
interchange, electronic mail, telegram, telex, or telecopy. "Electronic document" includes, but is
not limited to, grain purchase contracts and voluntary extension of credit contracts.
Subd. 3b. Electronic signature.
"Electronic signature" means an electronic sound, symbol,
or process attached to or logically associated with a record and executed or adopted by a person
with the intent to sign the record.
Subd. 4. Grain.
"Grain" means any cereal grain, coarse grain, or oilseed in unprocessed form
for which a standard has been established by the United States Secretary of Agriculture or the
Minnesota Board of Grain Standards, dry edible beans, or other agricultural crops designated by
the commissioner by rule.
Subd. 5. Grain buyer.
"Grain buyer" means a person who purchases grain for the purpose of
reselling the grain or products made from the grain, with the exception of a person who purchases
seed grain for crop production or who purchases grain as feed for the person's own livestock.
Subd. 6. Grain warehouse.
"Grain warehouse" means an elevator, flour, cereal or feed mill,
malthouse or warehouse in which grain belonging to a person other than the warehouse operator
is received for purchase or storage.
Subd. 7. Independent grain buyer.
"Independent grain buyer" means a person without a
private or public grain warehouse license who is licensed to engage in the business of purchasing
grain for resale.
Subd. 8.[Repealed, 1983 c 374 s 22
Subd. 9. Person.
"Person" means a corporation, company, joint stock company or
association, partnership, firm or individual and includes their agents, trustees, assignees or duly
Subd. 10. Private grain warehouse operator.
"Private grain warehouse operator" means
a person licensed to operate a grain warehouse for the sole purpose of purchasing, handling,
processing and shipping grain or its by-products who is not licensed by the commissioner to
accept grain belonging to others for storage. "Private grain warehouse operator" includes any
person licensed under the United States Warehouse Act, United States Code, title 7, chapter 10.
Subd. 11. Producer.
"Producer" means a person who grows grain on land owned or leased
by the person.
Subd. 12. Public grain warehouse operator.
"Public grain warehouse operator" means a
person operating a grain warehouse in which grain belonging to persons other than the grain
warehouse operator is accepted for storage or purchase or who offers grain storage or warehouse
facilities to the public for hire.
Subd. 12a. Scale ticket.
"Scale ticket" means a memorandum issued by a grain elevator or
warehouse operator to a depositor at the time grain is delivered, showing the weight and kind of
Subd. 13. Semitrailer.
"Semitrailer" means a vehicle described in section
, used to haul grain.
Subd. 14. Trailer.
"Trailer" means a vehicle described in section
168.011, subdivision 13
used to haul grain.
Subd. 15. Truck.
"Truck" means a single unit vehicle described in section
, used to haul grain.
Subd. 16. Voluntary extension of credit contract.
"Voluntary extension of credit contract"
means a contract for the purchase of a specific amount of grain from a producer in which the
title to the grain passes to the grain buyer upon delivery, but the price is to be determined or
payment for the grain is to be made at a date later than the date of delivery of the grain to
the grain buyer. Voluntary extension of credit contracts include deferred or delayed payment
contracts, unpriced sales, no price established contracts, average pricing contracts, and all other
contractual arrangements with the exception of cash sales and grain storage agreements evidenced
by a grain warehouse receipt.
History: 1982 c 635 s 3; 1983 c 374 s 1-7,20; 1986 c 444; 1988 c 688 art 14 s 1; 2000 c
477 s 60; 2002 c 373 s 31; 2004 c 254 s 27,28