Sec. 2. (a) A county or district society formed under section 1 of this chapter shall annually offer and present cash awards for:

(1) the improvement of soils, tillage, crops, and manures;

(2) the improvement of stock and articles of domestic industry; and

(3) other articles, productions, and improvements;

the society considers proper. The awards must be provided in different amounts and grades so that large and small manufacturers and farmers have an opportunity to compete for the awards.

     (b) A society formed under section 1 of this chapter may perform acts the society considers best to promote agricultural and household manufacturing interests of the district and of the state.

     (c) When a society formed under section 1 of this chapter makes an award under subsection (a), special attention must be given to the profits that may or are likely to accrue from:

(1) the improved method of raising the crop;

(2) improving the soil or stock; or

(3) the fabrication of the articles offered;

with the intention that the award be given for the most economical method of improvement.

     (d) Before an award is made under subsection (a), a person offering to compete for a cash award on improved:

(1) tillage methods; or

(2) production of any crop or other articles;

must deliver to the awarding committee a full and correct statement of the process of the tillage or production method. The statement must show the expense and value of the process to show accurately the profits derived or expected to be derived.

[Pre-2008 Recodification Citation: 15-1-3-2.]

As added by P.L.2-2008, SEC.5.