Minnesota Legislature
Office of the Revisor of Statutes
2007 Minnesota Statutes
This is an historical version of this statute chapter. Also view the most recent published version.
583.21 LEGISLATIVE FINDINGS.
The legislature finds that the agricultural sector of the state's economy is under severe
financial stress due to low farm commodity prices, continuing high interest rates, and reduced
net farm income. The suffering agricultural economy adversely affects economic conditions for
all other businesses in rural communities as well. Thousands of this state's farmers are unable to
meet current payments of interest and principal payable on mortgages and other loan and land
contracts and are threatened with the loss of their farmland, equipment, crops, and livestock
through mortgage and lien foreclosures, cancellation of contracts for deed, and other collection
actions. The agricultural economic emergency requires an orderly process with state assistance to
adjust agricultural indebtedness to prevent civil unrest and to preserve the general welfare and
fiscal integrity of the state.
History: 1986 c 398 art 1 s 6,18; 1987 c 292 s 37; 1989 c 350 art 16 s 8; 1990 c 525
s 1; 1991 c 208 s 2; 1Sp1993 c 2 art 6 s 2; 1995 c 212 art 2 s 11; 1997 c 183 art 3 s 29; 1998
c 395 s 7; 1998 c 402 s 6; 1999 c 214 art 2 s 19; 2001 c 195 art 1 s 23; 1Sp2001 c 1 art 2 s
25; 1Sp2001 c 2 s 150; 2005 c 107 art 2 s 55
NOTE: This section expires June 30, 2009. Section 583.215, as added by Laws 2005,
chapter 107, article 2, section 55.
The legislature finds that the agricultural sector of the state's economy is under severe
financial stress due to low farm commodity prices, continuing high interest rates, and reduced
net farm income. The suffering agricultural economy adversely affects economic conditions for
all other businesses in rural communities as well. Thousands of this state's farmers are unable to
meet current payments of interest and principal payable on mortgages and other loan and land
contracts and are threatened with the loss of their farmland, equipment, crops, and livestock
through mortgage and lien foreclosures, cancellation of contracts for deed, and other collection
actions. The agricultural economic emergency requires an orderly process with state assistance to
adjust agricultural indebtedness to prevent civil unrest and to preserve the general welfare and
fiscal integrity of the state.
History: 1986 c 398 art 1 s 6,18; 1987 c 292 s 37; 1989 c 350 art 16 s 8; 1990 c 525
s 1; 1991 c 208 s 2; 1Sp1993 c 2 art 6 s 2; 1995 c 212 art 2 s 11; 1997 c 183 art 3 s 29; 1998
c 395 s 7; 1998 c 402 s 6; 1999 c 214 art 2 s 19; 2001 c 195 art 1 s 23; 1Sp2001 c 1 art 2 s
25; 1Sp2001 c 2 s 150; 2005 c 107 art 2 s 55
NOTE: This section expires June 30, 2009. Section 583.215, as added by Laws 2005,
chapter 107, article 2, section 55.
Official Publication of the State of Minnesota
Revisor of Statutes