2005 Minnesota Statutes

     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. 

    HIST: 1986 c 398 art 1 s 6 

*   NOTE:  This section, as added by Laws 1986, chapter 398, 
*article 1, section 6, is repealed July 1, 2003.  Laws 1986, 
*chapter 398, article 1, section 18, as amended by Laws 1987, 
*chapter 292, section 37; Laws 1989, chapter 350, article 16, 
*section 8; Laws 1990, chapter 525, section 1; Laws 1991, chapter 
*208, section 2; Laws 1993, First Special Session chapter 2, 
*article 6, section 2; Laws 1995, chapter 212, article 2, section 
*11; Laws 1997, chapter 183, article 3, section 29; Laws 1998, 
*chapter 395, section 7; Laws 1998, chapter 402, section 6; Laws 
*1999, chapter 214, article 2, section 19; Laws 2001, chapter 
*195, article 1, section 23; and Laws 2001, First Special Session 
*chapter 2, section 150. 

*   NOTE:  This section, as added by Laws 1986, chapter 398, 
*article 1, section 6, is repealed June 30, 2005.  Laws 1986, 
*chapter 398, article 1, section 18, as amended by Laws 1987, 
*chapter 292, section 37; Laws 1989, chapter 350, article 16, 
*section 8; Laws 1990, chapter 525, section 1; Laws 1991, chapter 
*208, section 2; Laws 1993, First Special Session chapter 2, 
*article 6, section 2; Laws 1995, chapter 212, article 2, section 
*11; Laws 1997, chapter 183, article 3, section 29; Laws 1998, 
*chapter 395, section 7; Laws 1998, chapter 402, section 6; Laws 
*1999, chapter 214, article 2, section 19; and Laws 2001, First 
*Special Session chapter 1, article 2, section 25.