If a producer makes a prepayment for agricultural production inputs that include but are not limited to seed, feed, fertilizer, pesticides, or fuel for future delivery, the producer may demand a letter of credit or bank guarantee from the provider of the inputs to ensure reimbursement if delivery does not occur.
Minn. Stat. § 17.97
AGRICULTURAL INPUT PREPAYMENTS.
Known as the Agricultural Commodities Promotion Act
The act spans §§ 17.01 to 17.993 (135 sections).
1990 c 517 s 8
Official source: Minnesota Office of the Revisor of Statutes. Reproduced from public-domain Minnesota statutes; confirm against the official source for the current text. Not legal advice.