The following terms shall have the meaning ascribed herein unless the context shall otherwise require:
1. "Person" shall mean any person, firm, association, or corporation.2. "Grain" shall mean all grains for which standards have been established pursuant to the United States Grain Standards Act as amended, and rice as defined by the Agriculture Marketing Act of 1946, as amended.3. "Grain Dealer" shall mean any person engaged in the business of buying grain from producers thereof for resale or for milling or processing. A producer of grain buying grain for his own use as seed or feed shall not be considered as being engaged in the business of buying grain for resale or for milling or processing.4. "Producer" shall mean the owner, tenant or operator of land in this state who has an interest in and receives all or any part of the proceeds from the sale of the grain produced thereon.5. "Department" shall mean the Mississippi Department of Agriculture & Commerce.6. "Commissioner" shall mean the Commissioner of the Mississippi Department of Agriculture & Commerce, or his designated representative.7. "Date of Delivery of Grain to the Dealer" shall mean the date that such grain is physically delivered to the dealer for the purpose of sale to the dealer. It does not mean the date that the grain is delivered for the purpose of storage; if the grain is in storage, then the delivery date is the date the Warehouse Receipt is cancelled.8. "Location" shall mean any site other than the principal office where the grain dealer engages in the business of purchasing grain from producers.9. "Accountant" shall mean any person qualified in the skills of practicing Accounting.10. "Certified Public Accountant" shall mean a Public Accountant who is licensed in the State of Mississippi.11. "Daily Grain Transaction Report" shall mean a record of the daily transactions of a grain dealer showing the amount of all grain received, shipped, and on hand at day's end.12. "Price Later Contract," "Basis Contract," "Deferred Price Contract," "Delayed Price Contract," "Growers Option Contract" or similar agreement means a complete written contract and it constitutes a bona fide sale and a change in ownership when either the price for the grain or the formula for determining the price has been agreed upon and the contract obligation is either paid in full or carried as an account payable.2 Miss. Code. R. 1-2-09-100
Miss. Code Ann. § 75-45-313.