2001 Minnesota Statutes

     31B.06 Packer and processor accounting requirements. 

    Hog, cattle, sheep, and dairy processors with annual sales 
 greater than $10,000,000 are required to conduct all financial 
 transactions relating to a contract feeding operation through a 
 separate and exclusive bank account.  This separate account is 
 subject to audit and inspection at any reasonable time by the 
 commissioner. 

    Grain and feed businesses with annual sales greater than 
 $10,000,000 are required to conduct all financial transactions 
 relating to contract feeding of hogs, cattle, sheep, or dairy 
 cows through a separate and exclusive bank account.  This 
 separate account is subject to audit and inspection at any 
 reasonable time by the commissioner. 

    HIST: 1990 c 530 s 25