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MN HF2784

MN HF2784
Annual report to the legislature on the beginning farmer loan program required.


summary

Introduced
03/24/2025
In Committee
03/24/2025
Crossed Over
Passed
Dead

Introduced Session

94th Legislature 2025-2026

Bill Summary

A bill for an act relating to agriculture; requiring an annual report to the legislature on the beginning farmer loan program; amending Minnesota Statutes 2024, section 41B.039, by adding a subdivision.

AI Summary

This bill requires the Minnesota Agricultural Authority to submit an annual report to the legislative committees overseeing agriculture, beginning no later than December 1, 2025. The report must provide comprehensive details about the state's beginning farmer loan program, including background information on beginning farmers, the total number and amount of loans issued, geographic distribution of loans by county, and specifics about borrowers. The report will include data on emerging farmers (as defined in state law), borrowers experiencing limited land or market access, and demographic information broken down by gender, race, and ethnicity. Additionally, the report must disclose the number and amount of loan applications that the authority did not participate in, which will help provide transparency and insights into the program's reach and effectiveness in supporting new farmers in Minnesota.

Committee Categories

Agriculture and Natural Resources

Sponsors (1)

Last Action

Hearing (13:00:00 3/26/2025 ) (on 03/26/2025)

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