MN HF2517

Amends Minnesota Statutes to allow land actively farmed by a beginning farmer to qualify for agricultural homestead classification under specified conditions.

Defines "beginning farmer" as a person with a net worth not exceeding limits under section 41B.03, subdivision 3, paragraph (a), clause (2), and who has not actively farmed for more than ten years in their lifetime.

Requires a beginning farmer to file an affidavit with the county assessor asserting they meet the definition criteria.

Applies to agricultural property of at least 40 acres where a beginning farmer is actively engaged in farming, either individually or through a family farm partnership, corporation, or limited liability company.

Effective beginning with assessment year 2016.