Oregon § 285A.422 Definitions for ORS 285A.420 to 285A.435

Oregon Statutes

§ 285A.422 — Definitions for ORS 285A.420 to 285A.435

Oregon § 285A.422

Vol.7

Title 26AEconomic Development

Ch. 285AEconomic Development I

This text of Oregon § 285A.422 (Definitions for ORS 285A.420 to 285A.435) is published on Counsel Stack Legal Research, covering Oregon primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Or. Rev. Stat. § 285A.422 (2026).

Text

As used in ORS 285A.420 to 285A.435:

(1)“Agricultural improvements” means any improvements, buildings, structures or fixtures suitable for use in farming that are located on agricultural land.

(2)“Agricultural land” means land located in this state that is suitable for use in farming and that is or will be operated as a farm.

(3)“Agricultural project” means agricultural improvements, agricultural land or depreciable agricultural property.

(4)“Beginning farmer” means a person, as defined by the Oregon Business Development Department by rule.

(5)“Depreciable agricultural property” means personal property suitable for use in farming for which an income tax deduction for depreciation is allowable in computing federal income tax under the Internal Revenue Code, including but not limited to

Free access — add to your briefcase to read the full text and ask questions with AI

As used in ORS 285A.420 to 285A.435:
(1) “Agricultural improvements” means any improvements, buildings, structures or fixtures suitable for use in farming that are located on agricultural land.
(2) “Agricultural land” means land located in this state that is suitable for use in farming and that is or will be operated as a farm.
(3) “Agricultural project” means agricultural improvements, agricultural land or depreciable agricultural property.
(4) “Beginning farmer” means a person, as defined by the Oregon Business Development Department by rule.
(5) “Depreciable agricultural property” means personal property suitable for use in farming for which an income tax deduction for depreciation is allowable in computing federal income tax under the Internal Revenue Code, including but not limited to farm machinery and trucks but not including feeder livestock, seed, feed, fertilizer and other types of inventory or supplies.
(6) “Eligible revenue” means the revenue or assets of an eligible agricultural project that are provided as security for a loan under ORS 285A.420 to 285A.435 by a beginning farmer, an agent of the beginning farmer or a related party to the beginning farmer.
(7) “Lender” means a person or entity authorized to make loans to beginning farmers pursuant to ORS 285A.420 to 285A.435, that is one of the following:
(a) An insured institution, as defined in ORS 706.008, that is authorized to do business in Oregon;
(b) A person selling agricultural land to a beginning farmer pursuant to an owner-financed agreement or sales contract;
(c) An institution organized and existing under the Farm Credit Act of 1971 (12 U.S.C. 2001 et seq.); and
(d) Other persons or entities as defined by rule adopted by the Oregon Business Development Department.