This bill, S.F. No. 2431, introduced in the Minnesota Senate by Senators Kupec and Putnam, mandates the creation of a report on agricultural land trends. It appropriates funds from the general fund in fiscal year 2026 to the commissioner of agriculture for this purpose.

The report must include: 1. Agricultural land sales data, such as sale prices, acreage, buyer types, and financing methods. 2. Agricultural land use trends, including regional differences. 3. Legislative recommendations to ensure agricultural land remains accessible to farmers.

To develop the report, the commissioner may contract external experts and collaborate with organizations such as the Department of Revenue, University of Minnesota Extension, and Minnesota State Colleges and Universities. The report is due to the legislature by January 1, 2027.

The appropriation is one-time, and any remaining funds after fiscal year 2026 will remain available in fiscal year 2027, rather than expiring. The report must not include any personally identifiable data.