HF3376 Summary

• Amends Minnesota Statutes section 500.24 to restrict corporations, limited liability companies, pension or investment funds, trusts, and limited liability partnerships from engaging in farming or owning agricultural land, with specific exemptions for family farm entities and authorized farm organizations.

• Defines "family farm" structures (corporations, partnerships, limited liability companies, and trusts) that are permitted to own and operate agricultural land when majority ownership and control are held by related family members within the third degree of kinship.

• Establishes a 1,500-acre maximum ownership limit for authorized farm corporations and partnerships; requires shareholders or partners holding 51% or more to reside on the farm or be actively engaged in farming operations.

• Requires all entities owning agricultural land to file annual reports with the Commissioner of Agriculture by April 15, detailing ownership structure, acreage, and farm products; non-compliance results in a $500 civil penalty and lien on the property.

• Authorizes the Attorney General to enforce restrictions through court action, with violators having five years to divest non-compliant land holdings; allows exemptions for conservation practices, research farms, breeding stock operations, and religious organizations deriving sole income from agriculture.