<html> <head> <title>Rule 12:07:05.01:01 Definitions.</title> <META NAME="Keywords" Content="Administrative Rules 12:07:05.01:01"> <META NAME="Description" Content="Administrative Rules 12:07:05.01:01 Definitions."> <meta http-equiv=Content-Type content="text/html; charset=windows-1252"> <meta name=Generator content="Microsoft Word 15 (filtered)"> <style> <!-- /* Font Definitions */ @font-face {font-family:"Cambria Math"; panose-1:2 4 5 3 5 4 6 3 2 4;} @font-face {font-family:Times; panose-1:2 2 6 3 5 4 5 2 3 4;} /* Style Definitions */ p.MsoNormal, li.MsoNormal, div.MsoNormal {margin:0in; margin-bottom:.0001pt; font-size:10.0pt; font-family:"Times",serif;} a:link, span.MsoHyperlink {color:blue; text-decoration:underline;} a:visited, span.MsoHyperlinkFollowed {color:purple; text-decoration:underline;} .MsoChpDefault {font-size:10.0pt;} @page WordSection1 {size:8.5in 11.0in; margin:1.0in 1.25in 1.0in 1.25in;} div.WordSection1 {page:WordSection1;} --> </style> </head> <body lang=EN-US link=blue vlink=purple> <div class=WordSection1> <p class=MsoNormal style='text-align:justify'><span style='font-size:12.0pt; font-family:"Times New Roman",serif'>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <b>12:07:05.01:01.&nbsp;&nbsp;Definitions.</b> Terms used in article 12:07 mean:</span></p> <p class=MsoNormal style='text-align:justify'><span style='font-size:12.0pt; font-family:"Times New Roman",serif'>&nbsp;</span></p> <p class=MsoNormal style='text-align:justify'><span style='font-size:12.0pt; font-family:"Times New Roman",serif'>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (1)&nbsp;&nbsp;&quot;Administrator,&quot; the administrator of the agriculture enterprise program;</span></p> <p class=MsoNormal style='text-align:justify'><span style='font-size:12.0pt; font-family:"Times New Roman",serif'>&nbsp;</span></p> <p class=MsoNormal style='text-align:justify'><span style='font-size:12.0pt; font-family:"Times New Roman",serif'>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (2)&nbsp;&nbsp;&quot;Applicant,&quot; a person or an entity who applies for services provided by the agriculture enterprise program;</span></p> <p class=MsoNormal style='text-align:justify'><span style='font-size:12.0pt; font-family:"Times New Roman",serif'>&nbsp;</span></p> <p class=MsoNormal style='text-align:justify'><span style='font-size:12.0pt; font-family:"Times New Roman",serif'>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (3)&nbsp;&nbsp;&quot;Borrower,&quot; all parties liable for the repayment of the loan proceeds or any part of the loan proceeds;</span></p> <p class=MsoNormal style='text-align:justify'><span style='font-size:12.0pt; font-family:"Times New Roman",serif'>&nbsp;</span></p> <p class=MsoNormal style='text-align:justify'><span style='font-size:12.0pt; font-family:"Times New Roman",serif'>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (4)&nbsp;&nbsp;&quot;Farm or ranch,&quot; the term means a farming or ranching enterprise that is recognized in the community as a farm or ranch rather than a rural residence;</span></p> <p class=MsoNormal style='text-align:justify'><span style='font-size:12.0pt; font-family:"Times New Roman",serif'>&nbsp;</span></p> <p class=MsoNormal style='text-align:justify'><span style='font-size:12.0pt; font-family:"Times New Roman",serif'>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (</span><span style='font-size: 12.0pt;font-family:"Times New Roman",serif'>5</span><span style='font-size: 12.0pt;font-family:"Times New Roman",serif'>)&nbsp;&nbsp;&quot;Farmer or rancher,&quot; an individual farmer or rancher or the spouse thereof, a farm or ranch laborer, or a member of a partnership or a corporation, as defined in SDCL <A HREF="/statutes/DisplayStatute.aspx?Type=Statute&Statute=47-9A-14">47-9A-14</A>, who engages in the practice of farming or ranching on his own behalf or who manages or operates a farm or ranch;</span></p> <p class=MsoNormal style='text-align:justify'><span style='font-size:12.0pt; font-family:"Times New Roman",serif'>&nbsp;</span></p> <p class=MsoNormal style='text-align:justify'><span style='font-size:12.0pt; font-family:"Times New Roman",serif'>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (</span><span style='font-size: 12.0pt;font-family:"Times New Roman",serif'>6</span><span style='font-size: 12.0pt;font-family:"Times New Roman",serif'>)&nbsp;&nbsp;&quot;Farming or ranching,&quot; the cultivation of land for the production of agricultural crops, trees, and forestry products, or other horticultural products or the ownership, keeping, or feeding of animals for the production of livestock or livestock products, to include aquaculture;</span></p> <p class=MsoNormal style='text-align:justify'><span style='font-size:12.0pt; font-family:"Times New Roman",serif'>&nbsp;</span></p> <p class=MsoNormal style='text-align:justify'><span style='font-size:12.0pt; font-family:"Times New Roman",serif'>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (</span><span style='font-size: 12.0pt;font-family:"Times New Roman",serif'>7</span><span style='font-size: 12.0pt;font-family:"Times New Roman",serif'>)&nbsp;&nbsp;&quot;Livestock,&quot; cattle, bison, sheep, swine, poultry, goats, equine, ratites, captive cervidae as permitted under SDCL <A HREF="/statutes/DisplayStatute.aspx?Type=Statute&Statute=40-3-14">40-3-14</A>, and other species as requested by the applicant and authorized by the secretary;</span></p> <p class=MsoNormal style='text-align:justify'><span style='font-size:12.0pt; font-family:"Times New Roman",serif'>&nbsp;</span></p> <p class=MsoNormal style='text-align:justify'><span style='font-size:12.0pt; font-family:"Times New Roman",serif'>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (</span><span style='font-size: 12.0pt;font-family:"Times New Roman",serif'>8</span><span style='font-size: 12.0pt;font-family:"Times New Roman",serif'>)&nbsp;&nbsp;&quot;Loan documentation,&quot; the primary legal documents used in making loans;</span></p> <p class=MsoNormal style='text-align:justify'><span style='font-size:12.0pt; font-family:"Times New Roman",serif'>&nbsp;</span></p> <p class=MsoNormal style='text-align:justify'><span style='font-size:12.0pt; font-family:"Times New Roman",serif'>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (</span><span style='font-size: 12.0pt;font-family:"Times New Roman",serif'>9</span><span style='font-size: 12.0pt;font-family:"Times New Roman",serif'>)&nbsp;&nbsp;&quot;Office,&quot; the agriculture enterprise program, </span><span style='font-size:12.0pt; font-family:"Times New Roman",serif'>Governor's Office of Economic Development</span><span style='font-size:12.0pt;font-family:"Times New Roman",serif'>;</span></p> <p class=MsoNormal style='text-align:justify'><span style='font-size:12.0pt; font-family:"Times New Roman",serif'>&nbsp;</span></p> <p class=MsoNormal style='text-align:justify'><span style='font-size:12.0pt; font-family:"Times New Roman",serif'>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (</span><span style='font-size: 12.0pt;font-family:"Times New Roman",serif'>10</span><span style='font-size: 12.0pt;font-family:"Times New Roman",serif'>)&nbsp;&nbsp;&quot;</span><span style='font-size:12.0pt;font-family:"Times New Roman",serif'>Commissioner</span><span style='font-size:12.0pt;font-family:"Times New Roman",serif'>,&quot; the </span><span style='font-size:12.0pt;font-family:"Times New Roman",serif'>commissioner</span><span style='font-size:12.0pt;font-family:"Times New Roman",serif'> of the </span><span style='font-size:12.0pt;font-family:"Times New Roman",serif'>Governor's Office of Economic Development;</span></p> <p class=MsoNormal style='text-align:justify'><span style='font-size:12.0pt; font-family:"Times New Roman",serif'>&nbsp;</span></p> <p class=MsoNormal style='text-align:justify'><span style='font-size:12.0pt; font-family:"Times New Roman",serif'>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (11)&nbsp;&nbsp;&quot;Small or beginning farmer,&quot; a farmer or rancher that has minimal net worth, is under the age of 40 or has been farming less than 5 years</span><span style='font-size:12.0pt;font-family:"Times New Roman",serif'>.</span></p> <p class=MsoNormal style='text-align:justify'><span style='font-size:12.0pt; font-family:"Times New Roman",serif'>&nbsp;</span></p> <p class=MsoNormal style='text-align:justify'><span style='font-size:12.0pt; font-family:"Times New Roman",serif'>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <b>Source:</b> 17 SDR 141, effective March 25, 1991; 29 SDR 34, effective September 18, 2002</span><span style='font-size:12.0pt;font-family:"Times New Roman",serif'>; 45 SDR 31, effective September 13, 2018; SL 2019, ch 235, &#167;&nbsp;37 and 38, effective April 14, 2019</span><span style='font-size:12.0pt;font-family:"Times New Roman",serif'>.</span></p> <p class=MsoNormal style='text-align:justify'><span style='font-size:12.0pt; font-family:"Times New Roman",serif'>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <b>General Authority:</b> SDCL </span><span style='font-size:12.0pt;font-family:"Times New Roman",serif'>1-53-30</span><span style='font-size:12.0pt;font-family:"Times New Roman",serif'>.</span></p> <p class=MsoNormal style='text-align:justify'><span style='font-size:12.0pt; font-family:"Times New Roman",serif'>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <b>Law Implemented:</b> SDCL </span><span style='font-size:12.0pt;font-family:"Times New Roman",serif'>1-53-24</span><span style='font-size:12.0pt;font-family:"Times New Roman",serif'>, </span><span style='font-size:12.0pt;font-family:"Times New Roman",serif'>1-53-29</span><span style='font-size:12.0pt;font-family:"Times New Roman",serif'>.</span></p> <p class=MsoNormal style='text-align:justify'><span style='font-size:12.0pt; font-family:"Times New Roman",serif'>&nbsp;</span></p> </div> </body> </html>