As used in this subchapter, unless the context otherwise requires:(1) '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 § 2-2-101 et seq., the Cooperative Marketing Act, § 2-2-401 et seq., or § 4-30-101 et seq.;(2) '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;(3) 'Escrow account agent' means an entity within this state which is insured either by the Federal Deposit Insurance Corporation or the Federal Savings and Loan Insurance Corporation [abolished];(4) 'Milk processor' means a person who operates a milk, milk products, or frozen desserts processing plant that is located in the State of Arkansas; and(5) '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 a purchase of raw milk.Acts 1989, No. 4, § 1.
Arkansas Legal Code