Carlot-Based [Agriculture] Law and Legal Definition
According to 7 CFR 59.100 [Title 7—Agriculture, Subtitle B - Regulations of the Department of Agriculture, Chapter I - Agricultural Marketing Service H1 (Standards, Inspections, Marketing Practices), Department Of Agriculture, Subchapter C - Regulations And Standards Under The Agricultural Marketing Act Of 1946 And The Egg Products Inspection Act, Part 59 - Livestock Mandatory Reporting, Subpart B - Cattle Reporting], the term "carlot-based" means any transaction between a buyer and a seller destined for two or less delivery stops consisting of one or more individual boxed beef items. When used in reference to cow and bull boxed beef items, the term "carlot-based" means any transaction between a buyer and seller consisting of 2,000 pounds or more of one or more individual items.
Legal Definition list
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- Agriculture Acquisition Regulation [AGAR]
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- Agriculture Marketing Act
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