E Modifying certain provisions regulating corporate and partnership farming; modifying certain definitions to provide for family farm trusts, defining family farm trust and eliminating the definition of benevolent trust; defining and providing for family and authorized farm limited liability companies, specifying certain membership interest transfer restrictions; redefining demonstration corporation as nonprofit corporation and defining current beneficiary and de minimis; authorizing certain corporations, pension or investment funds, trusts or limited partnerships to petition the commissioner of agriculture for an exemption from farming restrictions, requiring the commissioner to annually review exempt entities for continuing qualification determination purposes, requiring annual commissioner reports to the legislature of exempt entities; expanding certain reporting requirements to the exempt entities, to family farm trusts and to limited liability companies (mk, ja)