South Dakota Codified Laws
Chapter 15A - Livestock Dealers Packers And Packer Buyers
Section 40-15A-2 - Auction agencies, farmers, ranchers, and livestock feeders exempt.

40-15A-2. Auction agencies, farmers, ranchers, and livestock feeders exempt.
This chapter does not apply to persons licensed under chapter 40-15 or to farmers, ranchers, or livestock feeders who buy or sell livestock in the ordinary course of their business.

Source: SL 1972, ch 221, §2; SL 1990, ch 325, §277.