HF 4497

as introduced - 93rd Legislature (2023 - 2024) Posted on 03/04/2024 02:28pm

A bill for an act
relating to agriculture; requiring a report on agricultural land trends; appropriating
money.

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

Section 1. new text begin AGRICULTURAL LAND TRENDS.
new text end

new text begin $....... in fiscal year 2024 is appropriated from the general fund to the commissioner of
agriculture to prepare a report on agricultural land trends. For the purposes of this section,
"agricultural land" means property classified as class 2a agricultural land or class 2b rural
vacant land under Minnesota Statutes, section 273.13, subdivision 23. The report shall
include the following:
new text end

new text begin (1) information about agricultural land sales, including price, number of acres, type of
buyer, and type of financing used;
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new text begin (2) information about agricultural land use, including differences among regions; and
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new text begin (3) legislative recommendations for ensuring that agricultural land is available to farmers.
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new text begin No data included in this report shall reveal personally identifiable information. The
commissioner may contract with external experts to develop this report and may coordinate
with the Department of Revenue, University of Minnesota Extension, and Minnesota State
Colleges and Universities. No later than January 1, 2025, the commissioner must submit
the report to the chairs and ranking minority members of the legislative committees and
divisions with jurisdiction over agriculture. Notwithstanding Minnesota Statutes, section
16A.28, any unencumbered balance does not cancel at the end of fiscal year 2024 and is
available in fiscal year 2025. This is a onetime appropriation.
new text end

new text begin EFFECTIVE DATE. new text end

new text begin This section is effective the day following final enactment.
new text end