§ 202A.2 — Purchase reports — filing

Iowa § 202A.2

• Jurisdiction: Iowa
• Title V: AGRICULTURE
• Ch. 202A: LIVESTOCK MARKETING PRACTICES

Text

1. A packer shall file purchase reports with the department which include information
relating to the purchase of livestock as required by the department. The purchase reports
shall be completed in a manner prescribed by the department. The department may require
that purchase reports be filed in an electronic format. A packer shall file purchase reports
at times determined practicable by the department, but not later than two business days
following the event being reported.
2. a. The information required to be reported may include but is not limited to livestock
purchased, committed for delivery, or slaughtered. The information may include the volume
ofdailypurchasesandtheweight, grade, andpricepaidforlivestock, includingallpremiums,
discounts, oradjustments. Iflivestockispurchasedpursuanttocontract, thedepartmentmay
require that information in the purchase report be categorized by the type of contract. The
purchase reports shall allow the department to compare prices paid under contract with cash
market prices.
b. This section does not require that information reported include future plans, events, or
transactions, unless provided for by contract.
3. The department may provide for the public dissemination of information contained in
purchase reports.
a. The department may enter into an agreement with the United States department of
agriculture or any private marketing service in order to disseminate information contained
in purchase reports.
b. The department, in consultation with the office of attorney general, shall designate
information in purchase reports that reveals the identity of a packer or livestock seller as
confidential pursuant to section 22.7.