The department shall annually classify fairs which are required to file reports pursuant to Section 4505. The department shall annually request advice and recommendations for modification of the classification from boards of directors of fairs. In making classifications, it shall take into consideration all of the following:
(a)
The type and class of agricultural, including livestock, industrial, and natural resources that are exhibited, and the amount of premiums which are paid in accordance with the approved premium list of the fair.
(b)
Whether the fair is regional in nature, offers a special feature for agriculture, livestock, or industry, or is a sectional fair limiting exhibits to the region in which the fair is held, and such other characteristics and factors as the department deems necessary.
(c)
The ratio of attendance at the fair to the population of the area which is served by it.
(d)
The efficiency of management, including operational procedures, revenue from sources other than the state, quality of exhibits, and community interest in the fair.
(e)
The extent and nature of interim utilization of fair property as promoted by the fair management.
(f)
The need of the fair for money from state sources.