For the purpose of this chapter, unless the context otherwise requires:
(1) “Community fair” means a fair serving an area of less than an entire county, at which are exhibited, in a manner satisfactory to the commissioner of agriculture, with cash premiums being paid to the exhibitors thereof, agricultural products produced in the area served;
(2) “County fair” means a fair serving an entire county;
(3) “District fair” means a fair serving at least five (5) counties but less than an entire grand division of the state and paying not less than a minimum of seven thousand dollars ($7,000) in cash premiums; and
(4) “Division fair” means a fair serving a major region of the state and paying more than twenty thousand dollars ($20,000) in premiums.