Lowers acreage requirements for special agricultural homesteads in Minnesota.

The bill amends Minnesota Statutes to lower the acreage requirements for special agricultural homesteads. It reduces the minimum acreage needed from ten acres to less than ten acres. The bill specifies that real estate of less than ten acres qualifies if it is the homestead of a family farm corporation, joint family farm venture, partnership, or limited liability company member or partner actively farming the land. The bill also outlines conditions for maintaining homestead classification, including ownership continuity, agricultural use, and owner residency.

Lowers acreage requirements for special agricultural homesteads in Minnesota.

The bill amends Minnesota Statutes to lower the acreage requirements for special agricultural homesteads. It reduces the minimum acreage needed from ten acres to less than ten acres. The bill specifies that real estate of less than ten acres qualifies if it is the homestead of a family farm corporation, joint family farm venture, partnership, or limited liability company member or partner actively farming the land. The bill also outlines conditions for maintaining homestead classification, including ownership continuity, agricultural use, and owner residency.