It shall be unlawful for any person engaged in business within the state of Iowa, either directly or indirectly, to discriminate in price between different purchasers of dairy products of like grade and quality where the effect of such discrimination may be substantially to lessen competition or tend to create a monopoly, or to injure, destroy, or prevent competition with any person who either grants or knowingly receives the benefit of such discrimination or with customers of either the grantor or receiver. Nothing herein shall prevent:
1. Differentials which make only due allowance for differences in the cost of manufacture, sale, or delivery resulting from the differing methods or quantities in which dairy products are sold or delivered to purchasers or differentials otherwise permitted in this chapter.
2. Persons engaged in selling dairy products from selecting their own customers in bona fide transactions are not in restraint of trade.
3. Price changes from time to time in response to changing conditions affecting the market for or the marketability of dairy products such as, but not limited to, actual or imminent deterioration of perishable goods, obsolescence of seasonal goods, distress sales under court process, or sales in good faith in discontinuance of business in dairy products.
4. Price differentials made in good faith to meet an equally low price of a competitor, whether the price of the competitor is in compliance with or in violation of this chapter.
[C66, 71, 73, 75, 77, 79, 81, § 192A.3]
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