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HF 1314

as introduced - 93rd Legislature (2023 - 2024) Posted on 03/01/2023 10:47am

KEY: stricken = removed, old language.
underscored = added, new language.
Version List Authors and Status
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Current Version - as introduced

Line numbers 1.1 1.2 1.3 1.4
1.5 1.6 1.7 1.8 1.9 1.10 1.11 1.12 1.13 1.14 1.15

A bill for an act
 relating to agriculture; prohibiting certain provisions in carbon storage contracts;
amending Minnesota Statutes 2022, section 17.710.

BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA:

Section 1.

Minnesota Statutes 2022, section 17.710, is amended to read:


17.710 AGRICULTURAL deleted text begin PRODUCTIONdeleted text end CONTRACTS.

new text begin (a) new text end A production contract entered into, renewed, or amended on or after July 1, 1999,
between an agricultural producer and a processor of agricultural products must not contain
provisions that prohibit the producer from disclosing terms, conditions, and prices contained
in the contract. Any provision prohibiting disclosure by the producer is void.

new text begin (b) A contract entered into, renewed, or amended on or after July 1, 2023, between an
agricultural producer and an entity buying, selling, certifying, or otherwise participating in
a market for stored carbon must not contain provisions that prohibit the producer from
disclosing terms, conditions, and prices contained in the contract. Any provision prohibiting
disclosure by the producer is void.
 new text end