7 CFR § 1220.110 - First purchaser.

---
identifier: "/us/cfr/t7/s1220.110"
source: "ecfr"
legal_status: "authoritative_unofficial"
title: "7 CFR § 1220.110 - First purchaser."
title_number: 7
title_name: "Agriculture"
section_number: "1220.110"
section_name: "First purchaser."
chapter_name: "AGRICULTURAL MARKETING SERVICE (MARKETING AGREEMENTS AND ORDERS; MISCELLANEOUS COMMODITIES), DEPARTMENT OF AGRICULTURE"
part_number: "1220"
part_name: "SOYBEAN PROMOTION, RESEARCH, AND CONSUMER INFORMATION"
positive_law: false
currency: "2026-03-24"
last_updated: "2026-03-24"
format_version: "1.1.0"
generator: "[email protected]"
authority: "7 U.S.C. 6301-6311 and 7 U.S.C. 7401."
cfr_part: "1220"
---


# 1220.110 First purchaser.

The term *first purchaser* means—

(a) except as provided in paragraph (b) of this section, any person buying or otherwise acquiring from a producer soybeans produced by such producer; or

(b) In any case in which soybeans are pledged as collateral for a loan issued under any Commodity Credit Corporation price support loan program and the soybeans are forfeited by the producer in lieu of loan repayment, the Commodity Credit Corporation.

[56 FR 31049, July 9, 1991, as amended at 56 FR 42923, Aug. 30, 1991; 57 FR 31095, July 14, 1992]