8 CCR 1207-5, pt. 2 - Definitions

2.1. "Agriculture" means the science and art of production of plants and animals useful to humans, including, to a variable extent, the preparation of these products for human use and their disposal by marketing or otherwise, and includes horticulture, floriculture, viticulture, forestry, dairy, livestock, poultry, bee, and any and all forms of farm products and farm production.

2.2. "Agricultural Processing" means the transforming, packaging, sorting, storage, or grading of Colorado livestock, livestock products, agricultural commodities, plants, or plant products.

2.3. "Colorado Agricultural Future Loan Program" or "Loan Program" is a loan and grant program administered by the Department as established in section 35-1.2-103, C.R.S.

2.4. "Commissioner" means the Commissioner of Agriculture.

2.5. "Department" or "CDA" means the Department of Agriculture created in section 35-1-103, C.R.S.

2.6. "Eligible Business" means a business that earns a majority of its revenue from agricultural processing; and in the judgment of the Department:

(a) has managers and employees who possess sufficient education, training, and experience to operate the business; and

(b) provides an economic benefit to Colorado farmers or ranchers.

2.7. "Eligible Farmer or Rancher" means an individual who:

(a) is at least eighteen years of age;

(b) is a resident of Colorado;

(c) is an owner or operator in fact of a farm or ranch; and

(d) in the judgment of the Department:

(1) possesses sufficient education, training, and experience to operate the farm or ranch; and

(2) possesses or has access to sufficient working capital, farm machinery, livestock, or land to operate the farm or ranch.

2.8. "Farm-to-Market Infrastructure Grant" means a grant of money from the Fund, which money is used for Agricultural processing.

2.9. "Farm-to-Market Infrastructure Loan" means a loan from the Loan Program used for the purpose of Agricultural Processing.

2.10. "Financial Entity" means a bank, nondeposit community development financial institution, business development corporation, or other entity with agricultural lending experience and with which the Department contracts to help administer the Loan Program.

2.11. "Fund" means the Colorado Agricultural Future Loan Cash Fund created in section 35-1.2-105, C.R.S.

2.12. "Loan Program" means the Colorado Agricultural Future Loan program created in section 35-1.2-103, C.R.S.

2.13. "Low-Interest Loan" means a loan from the Loan Program, the interest rate of which is generally considered to be at or below market rate.

2.14. "Operator of a farm or ranch" means a person who makes management or operational decisions related to all or a portion of a farm or ranch, or is a hired manager, renter or tenant of land used for a farm or ranch, cash tenant, share tenant, or partner.

2.15. "Owner of a farm or ranch" means a person that owns an agricultural business or land used for farming or ranching.

2.16. "Underserved" or "Underrepresented" means a farmer or rancher who is from a population, race, ethnic group, gender, or geographic location that has been socially disadvantaged due to discrimination or prejudice or that historically has participated in agricultural programs at a level that is disproportionately lower than its representation in the population of Colorado.

Notes

8 CCR 1207-5, pt. 2

45 CR 01, January 10, 2022, effective 1/30/2022