Minnesota HF2654 modifies the definition of agricultural products for class 2 agricultural property classification.

Minnesota HF2654 amends the definition of agricultural products for class 2 agricultural property classification. It includes livestock, dairy animals, dairy products, poultry, fur-bearing animals, horticultural and nursery stock, floriculture, fruit, maple syrup, aquacultural products, insects bred for animal food, trees grown for sale as crops, and land used for commercial or industrial purposes. The bill also specifies that agricultural classification is not based on the market value of residential structures. It is effective beginning with assessment year 2026.

Minnesota HF2654 modifies the definition of agricultural products for class 2 agricultural property classification.

Minnesota HF2654 amends the definition of agricultural products for class 2 agricultural property classification. It includes livestock, dairy animals, dairy products, poultry, fur-bearing animals, horticultural and nursery stock, floriculture, fruit, maple syrup, aquacultural products, insects bred for animal food, trees grown for sale as crops, and land used for commercial or industrial purposes. The bill also specifies that agricultural classification is not based on the market value of residential structures. It is effective beginning with assessment year 2026.