17.698 FACTORS TO BE CONSIDERED IN MEDIATION AND ARBITRATION.
All decisions of mediation and arbitration which result from section
17.697 must consider
the following factors:
(1) prices or projected prices for the agricultural commodity paid by the competing handlers
in the market area or competing market areas worldwide;
(2) amount of the commodity produced or projections of production in the production area or
competing marketing areas worldwide;
(3) relationship between the quantity produced and the quantity handled by the handler;
(4) the producers cost of production including the cost which would be involved in paying
farm labor a fair wage rate and providing them with adequate housing;
(5) the efficiency of farm operations of similar size and the projected prices of alternative
agricultural commodities grown in the market area;
(6) the cost of production of similar sized handlers;
(7) the average consumer prices for goods and services, commonly known as the cost of
living;
(8) the component of the agricultural commodity that makes up the producer's income;
(9) the impact of the award on the competitive position of the handler in the marketing
area or competing areas worldwide;
(10) the impact of the award on the competitive position of the agricultural commodity in
relationship to competing commodities;
(11) a fair return on investment;
(12) kind, quality, or grade of the commodity involved;
(13) stipulation of the parties; and
(14) other factors which are normally or traditionally taken into consideration in determining
prices, quality, quantity, and the costs of other services involved.
History: 1973 c 736 s 8; 1998 c 373 s 13