1.1 A bill for an act 1.2 relating to agriculture; requiring a report on agricultural land trends; appropriating 1.3 money. 1.4BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA: 1.5 Section 1. AGRICULTURAL LAND TRENDS. 1.6 $....... in fiscal year 2026 is appropriated from the general fund to the commissioner of 1.7agriculture to prepare a report on agricultural land trends. For the purposes of this section, 1.8"agricultural land" means property classified as class 2a agricultural land or class 2b rural 1.9vacant land under Minnesota Statutes, section 273.13, subdivision 23. The report must 1.10include the following: 1.11 (1) information about agricultural land sales, including the price paid by the buyer for 1.12the land, the number of acres sold, the type of buyer, and the type of financing used by the 1.13buyer; 1.14 (2) information about agricultural land use, including differences among regions; and 1.15 (3) legislative recommendations for ensuring that agricultural land is available to farmers. 1.16No data included in this report may reveal personally identifiable information. The 1.17commissioner may contract with external experts to develop this report and may coordinate 1.18with the Department of Revenue, University of Minnesota Extension, and Minnesota State 1.19Colleges and Universities. No later than January 1, 2027, the commissioner must submit 1.20the report to the chairs and ranking minority members of the legislative committees and 1.21divisions with jurisdiction over agriculture. Notwithstanding Minnesota Statutes, section 1Section 1. 25-03035 as introduced02/05/25 REVISOR BD/BM SENATE STATE OF MINNESOTA S.F. No. 2431NINETY-FOURTH SESSION (SENATE AUTHORS: KUPEC and Putnam) OFFICIAL STATUSD-PGDATE Introduction and first reading03/13/2025 Referred to Agriculture, Veterans, Broadband, and Rural Development 2.116A.28, any unencumbered balance does not cancel at the end of fiscal year 2026 and is 2.2available in fiscal year 2027. This is a onetime appropriation. 2Section 1. 25-03035 as introduced02/05/25 REVISOR BD/BM