As used in this chapter, unless the context otherwise requires:

(1) “Agricultural chemical” means fertilizers or agricultural chemicals that are applied to crops or to land that is used for raising crops, including fertilizer material, plant amendment, plant food and soil amendment, and pesticide as defined in § 43-8-102;

Terms Used In Tennessee Code 43-31-102

  • Amendment: A proposal to alter the text of a pending bill or other measure by striking out some of it, by inserting new language, or both. Before an amendment becomes part of the measure, thelegislature must agree to it.
  • Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.
  • Debtor: means a farmer who is or has requested financial assistance from a lender through a supplier. See Tennessee Code 43-31-102
  • Lender: means a person in the business of lending money identified in a security interest notification statement. See Tennessee Code 43-31-102
  • Mortgage: The written agreement pledging property to a creditor as collateral for a loan.
  • Person: means an individual or an organization and includes a corporation, firm or association. See Tennessee Code 43-31-102
  • Proceeds: means proceeds as defined in §. See Tennessee Code 43-31-102
  • Seed: means agricultural seeds that are used to produce crops, including "agricultural seed" as defined in §. See Tennessee Code 43-31-102
  • signed: includes a mark, the name being written near the mark and witnessed, or any other symbol or methodology executed or adopted by a party with intention to authenticate a writing or record, regardless of being witnessed. See Tennessee Code 1-3-105
  • Supplier: means a person who furnishes agricultural production inputs. See Tennessee Code 43-31-102
(2) “Agricultural production input” means crop production inputs;
(3) “Crop production input” means agricultural chemicals, seeds, petroleum products, the custom application of agricultural chemicals and seeds;
(4) “Debtor” means a farmer who is or has requested financial assistance from a lender through a supplier;
(5) “Lender” means a person in the business of lending money identified in a security interest notification statement; provided, that in the case of a bank, “lender” means a bank that has an existing banking relationship with the debtor either due to an agricultural crop loan made within the preceding two (2) years, an existing farm or agricultural loan or mortgage or an existing deposit account;
(6) “Letter of commitment” means a binding, irrevocable and unconditional agreement by a lender to honor drafts or other demands for payment upon the supplier presenting invoices signed by the purchaser or other proof of delivery;
(7) “Person” means an individual or an organization and includes a corporation, firm or association;
(8) “Petroleum product” means motor fuels and special fuels that are used in the production of crops, including “petroleum products,” as defined in § 67-3-902;
(9) “Proceeds” means proceeds as defined in § 47-9-102;
(10) “Seed” means agricultural seeds that are used to produce crops, including “agricultural seed,” as defined in § 43-10-103; and
(11) “Supplier” means a person who furnishes agricultural production inputs.
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