Maryland Code, AGRICULTURE 13-201

Contract: A legal written agreement that becomes binding when signed.
Person: includes an individual, receiver, trustee, guardian, personal representative, fiduciary, representative of any kind, corporation, partnership, business trust, statutory trust, limited liability company, firm, association, or other nongovernmental entity. See

(a) In this subtitle the following words have the meanings indicated.

(b) “Fair market value” means the value established by a contract or by the Department for a loss of grain at the time of the loss.

(1) Corn;

(2) Wheat;

(3) Rye;

(4) Oats;

(5) Barley;

(6) Sorghum;

(7) Soybeans; and

(8) Sunflowers.

(d) (1) “Grain dealer” means a person who is in the business of buying, receiving, exchanging, or storing grain from a person who grows grain.

(2) “Grain dealer” does not mean a farmer who buys, receives, exchanges, or stores grain for use in the farming business of that farmer.