“Packout basis” means that payment for the farm product is based on the grade or quality of the finished product, as determined at the completion of the processing.
Cal. Food & Agric. Code § 55406
Definitions
Enacted by Stats. 1967, Ch. 15.
Official source: California Legislative Information. Reproduced from public-domain California statutes; confirm against the official source for the current text. Not legal advice.