TO REPEAL THE ARKANSAS CATFISH PROCESSOR FAIR PRACTICES ACT OF 1987.

SB 407 repeals the Arkansas Catfish Processor Fair Practices Act of 1987, which previously regulated payment practices for catfish processors. This repeal removes requirements that larger processors (those buying over $50,000 annually from producers) must register with the Agriculture Department, pay producers within 14 days, and face penalties for late payments or bad checks. The law directly affected catfish processors and producers by establishing payment timelines and enforcement mechanisms. With this repeal, the state eliminates these specific regulatory obligations for the catfish industry.