Cash buyer means any person other than a commission merchant, dealer or broker, who purchases or offers to purchase any farm products or livestock for the purpose of processing or resale and who pays for the farm products or livestock in lawful money of the United States or by certified check at the time of purchase or delivery thereof, or at the time the price of the farm products or livestock may be determined, if the price or value thereof is subject to determination by inspection, grade or pack out.
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