House Journal: Page 1465: Tuesday, April 20, 1999

41   committed for delivery, or slaughtered.  The

42   information may include the volume of daily purchases
43   and the weight, grade, and price paid for livestock,
44   including all premiums, discounts, or adjustments.  If
45   livestock is purchased pursuant to contract, the
46   department may require that information in the
47   purchase report be categorized by the type of
48   contract.  The purchase reports shall allow the
49   department to compare prices paid under contract with
50   cash market prices.
Page 2  
 1     b.  This section does not require that information
 2   reported include future plans, events, or
 3   transactions, unless provided for by contract.
 4     3.  The department may provide for the public
 5   dissemination of information contained in purchase
 6   reports.
 7     a.  The department may enter into an agreement with
 8   the United States department of agriculture or any
 9   private marketing service in order to disseminate
10   information contained in purchase reports.
11     b.  The department, in consultation with the office
12   of attorney general, shall designate information in
13   purchase reports that reveals the identity of a packer
14   or livestock seller as confidential pursuant to
15   section 22.7.
16     Sec. 4. NEW SECTION.  172C.3  PURCHASE NOTICE --
17   POSTING.
18     1.  a.  A packer shall post a purchase notice which
19   includes information relating to the purchase of
20   livestock as required by the department.  The
21   information contained in the purchase notice shall
22   include a summary of information required to be filed
23   in purchase reports as provided in section 172C.2.
24     b.  This section does not require that information
25   contained in a purchase notice include future plans,
26   events, or transactions unless provided for by
27   contract.
28     2.  The information contained in the purchase
29   notice shall appear in a format that can be understood
30   by a reasonable person familiar with selling
31   livestock.  The notice shall be posted in a
32   conspicuous place at the point of delivery in a manner
33   prescribed by the department.
34     Sec. 5. NEW SECTION.  172C.4  CONFIDENTIALITY
35   PROVISIONS IN CONTRACTS PROHIBITED.
36     1.  A packer shall not include a provision in a
37   contract executed on or after the effective date of
38   this section for the purchase of livestock providing
39   that information contained in the contract is

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