§201 — Title 7 Agriculture | U.S. Code

Summary

Defines four key terms used in this chapter. Stockyard owner: a person who runs or operates a stockyard. Stockyard services: the work or facilities at a stockyard that help move, care for, sell, weigh, hold, ship, or otherwise handle livestock for commerce. Market agency: someone who buys or sells livestock in commerce for a commission or fee, or who provides stockyard services; starting October 7, 2016, it also includes people who buy or sell livestock by online, video, or other electronic means and who handle payments, if their average annual sales by those electronic methods exceed $250,000. Dealer: a person (who is not a market agency) who buys or sells livestock in commerce for themselves or as an employee or agent of a buyer or seller.

Title 7, §201

Agriculture — Source: USLM XML via OLRC

In this chapter:

(a)The term “stockyard owner” means any person engaged in the business of conducting or operating a stockyard.

(b)The term “stockyard services” means services or facilities furnished at a stockyard in connection with the receiving, buying, or selling on a commission basis or otherwise, marketing, feeding, watering, holding, delivery, shipment, weighing, or handling in commerce, of livestock.

(c)The term “market agency” means any person engaged in the business of (1) buying or selling in commerce livestock on a commission basis or (2) furnishing stockyard services. Beginning on October 7, 2016, such term includes any person who engages in the business of buying or selling livestock, on a commission or other fee basis, through the use of online, video, or other electronic methods when handling or providing the means to handle receivables or proceeds from such buying or selling, so long as such person’s annual average of online, video, or electronic sales of livestock, on a commission or other fee basis, exceeds $250,000.

(d)The term “dealer” means any person, not a market agency, engaged in the business of buying or selling in commerce livestock, either on his own account or as the employee or agent of the vendor or purchaser.

Notes & Related Subsidiaries

Editorial Notes

Amendments

2016—Pub. L. 114–237, § 2(b)(1), substituted “In this chapter:” for “When used in this chapter—” in introductory provisions. Subsec. (a). Pub. L. 114–237, § 2(b)(2), substituted period for semicolon at end. Subsec. (b). Pub. L. 114–237, § 2(b)(3)(B), substituted period for semicolon at end. Pub. L. 114–237, § 2(b)(3)(A), which directed amendment of subsec. (b) by substituting “weighing” for “weighting”, could not be executed because the word “weighing” already appeared in text. Subsec. (c). Pub. L. 114–237, § 2(a), substituted period for “; and” after “stockyard services” and inserted at end “Beginning on October 7, 2016, such term includes any person who engages in the business of buying or selling livestock, on a commission or other fee basis, through the use of online, video, or other electronic methods when handling or providing the means to handle receivables or proceeds from such buying or selling, so long as such person’s annual average of online, video, or electronic sales of livestock, on a commission or other fee basis, exceeds $250,000.” 1976—Subsecs. (b) to (d). Pub. L. 94–410 substituted “livestock” for “live stock”. 1958—Subsecs. (c), (d). Pub. L. 85–909 struck out “at a stockyard” after “livestock”.

§201 “stockyard Owner”; “stockyard Services”; “market Agency”; “dealer”; Defined

Summary

Title 7, §201

Notes & Related Subsidiaries

Editorial Notes

Amendments

Citations & Metadata