§ 1550.2 - Definitions.

(a) Agricultural commodities includes agricultural commodities and products thereof.

(b) Affiliate or affiliated organization means any partnership, association, company, corporation, trust, or any other legal entity in which the program participant has any investment other than an investment in any mutual fund.

(c) Cooperator means an entity entering into a Market Development Project Agreement.

(d) Export Incentive Program Agreements mean cooperative agreements between FAS and a private United States entity for the purpose of maintaining, expanding or creating foreign markets for United States agricultural commodities through the promotion of brand-identified agricultural commodities.

(e) FAS means the Foreign Agricultural Service of the United States Department of Agriculture.

(f) Incentive payment means FAS reimbursement for eligible promotion costs incurred under the terms of an Export Incentive Program Agreement.

(g) Market Development Project Agreements mean cooperative agreements between FAS and United States agricultural trade associations or associations of State Departments of Agriculture for the purpose of maximizing sales in foreign markets of U.S. agricultural commodities. Activities to be undertaken are intended to promote specific commodities on a generic or brand-identified basis, or through programs which include both elements.

(h) Participant or program participant means any entity entering into an agreement within the scope of this part 1550.

(i) Project funds are funds made available by FAS to program participants.

(j) Sales teams are teams engaged in activities intended to result in specific sales by team members.

(k) Trade teams are teams engaged in activities to promote the interests of the entire agricultural sector represented by the program participant.