MN SF3038

Prohibits limited liability partnerships from owning or farming agricultural land in Minnesota, with certain exemptions for family farm limited liability companies, authorized farm limited liability companies, and other specified entities.

Adds "limited liability partnership" to existing restrictions in Minnesota Statutes section 500.24 that govern business organizations' involvement in agricultural land ownership and farming operations.

Establishes that limited liability partnerships must comply with reporting requirements to the commissioner of agriculture and may not engage in farming or hold agricultural land interests except as bona fide security encumbrances.

Provides enforcement mechanisms through the attorney general to bring actions against violating limited liability partnerships, with orders requiring divestiture of agricultural land within five years or forced public sale.

Allows limited liability partnerships to qualify for exemptions if they meet specific criteria and obtain commissioner approval, with annual review requirements to ensure continued compliance with state policy promoting family farms.