Law on the Settlement of Accounts with the Producers of Unprocessed Agricultural Produce (1995) Country/Territory Latvia Document type Legislation Date 1995 (2011) Source FAO, FAOLEX Original source Latvijas Vēstnesis, 177, 15.11.1995.; Latvijas Republikas Saeimas un Ministru Kabineta Ziņotājs, 24, 28.12.1995. Subject Agricultural & rural development Keyword Agricultural commodities Agricultural development Cereals/grains/rice Liability/compensation Farming Financial agricultural measures Fiscal and market measures Processing/handling Subsidy/incentive Crops/grasses Geographical area Europe, Europe and Central Asia, European Union Countries, Northern Europe Abstract The Law prescribes the procedures by which the settlement of accounts shall be made between the producers (suppliers) of unprocessed agricultural produce and merchants engaged in the processing, trade of produce or using the produce for the performance of their economic activities. The term of payment provided for in the contracts concluded shall not exceed 30 days from the date of delivery of the produce. This term of payment shall not be applicable to grain supply contracts. Full text English/Latvian Website likumi.lv