La. Admin. Code tit. 7 § V-701
Agricultural Plant-any facility which receives raw agricultural products for the purpose of rendering them suitable for wholesale or retail marketing.
Agricultural Product-any farm product or seafood product.
Aquacultural Crop-catfish, crawfish, crabs, oysters, shrimp, prawns, alligators, turtles and other species of fish.
Commissioner-the Commissioner of the Louisiana Department of Agriculture and Forestry.
Eligible Agricultural Products Processing Business-any person, partnership, corporation, or cooperative which owns, leases or operates or seeks to own, lease or operate and possesses all of the following characteristics:
1. is headquartered in this state;
2. maintains offices and operating facilities in this state and transacts business in this state;
3. employs fewer than 150 full-time employees, 80 percent of whom are residents of this state;
4. is organized for profit;
5. is engaged in the processing or marketing of any agricultural, agronomic, horticultural, silvicultural, or aquacultural crop, or raw product derived therefrom, or any final derivative resulting from a combination or breakdown of raw farm materials.
Eligible Lending Institution-any bank located in this state and organized under the laws of this state which is authorized to make commercial or agricultural loans and which agrees to participate in the linked deposit program as defined herein.
Farm Product-any agronomic, horticultural, silvicultural or aquacultural crop; any commercially raised livestock or raw product and derived therefrom, or any final derivative resulting from a combination or breakdown of raw farm products.
Final Derivative-any agricultural product that is ready to be passed on to a marketing level.
Linked Deposit-a certificate of deposit placed by the treasurer (as defined herein) with an eligible lending institution at 3 percent below existing investment rates, as determined and calculated by the treasurer, provided the institution agrees to lend the value of such deposit, according to the deposit agreement required by this Chapter, to eligible agricultural products processing businesses at 3 percent below the existing borrowing rate applicable to each specific business at the time of the deposit of state funds in the lending institution.
Necessary Improvement-any improvement to an existing agricultural plant mandated by local, state or federal law, or an improvement thereto which will form an economically justifiable basis and, in the judgment of the commissioner of agriculture and forestry, improve the quality or quantity of service, or both.
Person-any individual, firm, corporation, partnership or association domiciled in this state.
Process or Processing-any action that will enhance any raw agricultural product's value or render a raw agricultural product suitable for further refinement or introduction at a marketing level.
Substantial Stockholder-any person (as defined herein) who owns more than 20 percent of a business applying for a loan or currently participating in the Linked Deposit Loan Program outlined in this Chapter.
Treasurer-the treasurer of the state of Louisiana.
La. Admin. Code tit. 7, § V-701