---
kind: "section"
citation: "7 C.F.R. § 1220.110"
title: "7"
number: "1220.110"
heading: "First purchaser."
url: "https://uscodex.org/cfr/7/1220.110"
---

# §1220.110. First purchaser.


The term first purchaser means—

- (a) except as provided in [paragraph (b)](#b) of this section, any person buying or otherwise acquiring from a producer soybeans produced by such producer; or
- (b) In any case in which soybeans are pledged as collateral for a loan issued under any Commodity Credit Corporation price support loan program and the soybeans are forfeited by the producer in lieu of loan repayment, the Commodity Credit Corporation.

## Notes

### Amendments

[56 FR 31049, July 9, 1991, as amended at 56 FR 42923, Aug. 30, 1991; 57 FR 31095, July 14, 1992]

### Source

Source: 56 FR 31049, July 9, 1991, unless otherwise noted.

### Authority

Authority: 7 U.S.C. 6301-6311 and 7 U.S.C. 7401.

### Amendments

[56 FR 31049, July 9, 1991, as amended at 56 FR 42923, Aug. 30, 1991; 57 FR 31095, July 14, 1992]