House Journal: Page 2224: Tuesday, June 3, 2003
Page 13
1 development of new innovative products and processes
2 related to agriculture. The facility must do either
3 of the following: produce a good derived from an
4 agricultural commodity, if the good is not commonly
5 produced from an agricultural commodity; or use a
6 process to produce a good derived from an agricultural
7 process, if the process is not commonly used to
8 produce the good.
9 b. (2) Renewable fuel production facilities. As
10 used in this section, "renewable fuel" means an energy
11 source which is derived from an organic compound
12 capable of powering machinery, including an engine or
13 power plant.
14 (3) Agricultural business facilities in the
15 agricultural biotechnology industry, agricultural
16 biomass industry, and alternative energy industry.
17 For purposes of this subsection:
18 (a) "Agricultural biomass industry" means
19 businesses that utilize agricultural commodity crops,
20 agricultural by-products, or animal feedstock in the
21 production of chemicals, protein products, or other
22 high-value products.
23 (b) "Agricultural biotechnology industry" means
24 businesses that utilize scientifically enhanced plants
25 or animals that can be raised by producers and used in
26 the production of high-value products.
27 (c) "Alternative energy industry" includes
28 businesses involved in the production of ethanol,
29 including gasoline with a mixture of seventy percent
30 or more ethanol, biodiesel, biomass, hydrogen, or in
31 the production of wind energy.
32 (4) Facilities that add value to Iowa agricultural
33 commodities through further processing and development
34 of organic products and emerging markets.
35 (5) Producer-owned, value-added businesses,
36 education of producers and management boards in value-
37 added businesses, and other activities that would
38 support the infrastructure in the development of
39 value-added agriculture. Public and private joint
40 ventures involving an institution of higher learning
41 under the control of the state board of regents or a
42 private college or university to acquire assets,
43 research facilities, and leverage moneys in a manner
44 that meets the goals of the grow Iowa values fund.
45 For purposes of this subsection, "producer-owned,
46 valued-added business" means a person who holds an
47 equity interest in the agricultural business and is
48 personally involved in the production of crops or
49 livestock on a regular, continuous, and substantial
50 basis.
© 2003 Cornell College and
League of Women Voters of Iowa
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