1. A lien established under section 579B.3 depends upon the execution of a production contract that provides for producing a commodity owned by a contractor by a contract producer at the contract producer’s contract operation.

Terms Used In Iowa Code 579B.2

  • Commodity: means livestock, raw milk, or a crop. See Iowa Code 579B.1
  • Contract: A legal written agreement that becomes binding when signed.
  • Contract operation: means a contract livestock facility or contract crop field. See Iowa Code 579B.1
  • Contract producer: means a person who owns or leases a contract operation and who produces a commodity under a production contract executed pursuant to section 579B. See Iowa Code 579B.1
  • Contractor: means a person who owns a commodity at the time that the commodity is under the authority of the contract producer as provided in section 579B. See Iowa Code 579B.1
  • person: means individual, corporation, limited liability company, government or governmental subdivision or agency, business trust, estate, trust, partnership or association, or any other legal entity. See Iowa Code 4.1
  • Personal representative: means a person who is authorized by a contract producer to act on behalf of the contract producer, including by executing an agreement, managing a contract operation, filing a financing statement perfecting a lien, and enforcing a lien as provided in this chapter. See Iowa Code 579B.1
  • Production contract: means an oral or written agreement executed pursuant to section 579B. See Iowa Code 579B.1
 2. A production contract is executed when it is signed or orally agreed to by each party to the contract or by a person authorized by a party to act on the party’s behalf, including the contract producer’s personal representative.
 3. This chapter applies to any production contract that is in force on or after May 24, 1999, regardless of the date that the production contract is executed.