Bill > SF1628

This bill amends Minnesota Statutes to expand reporting requirements for bioincentive payment recipients. Specifically, the bill requires the commissioner of agriculture to collect additional detailed information from producers who receive incentive payments under certain agricultural programs. The new reporting requirements include comprehensive details such as the producer's business structure, parent company information, cumulative financial assistance from all sources, job creation and retention goals, equity and wage goals, board and executive compensation, environmental permit compliance, intended and actual use of payments, and, when applicable, the latest financial audit opinion statement. These expanded reporting requirements aim to increase transparency and accountability for agricultural incentive program recipients by providing a more comprehensive view of how public funds are being used, the economic and workforce impacts of these programs, and the financial and operational characteristics of the participating producers. The commissioner must include this new information in the annual report submitted to legislative committees with jurisdiction over environment and agriculture policy and finance by January 15 each year.

Agriculture and Natural Resources

https://www.revisor.mn.gov/bills/bill.php?b=Senate&f=SF1628&ssn=0&y=2025