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Mandate Details

Description: Farmer-Lender Mediation Act: The amount that the creditor is required to release for necessary living expenses under this section is limited to $3,600 per month less the debtor's off-farm income. In 2022 and every five years thereafter, the commissioner of agriculture, in consultation with the director, must report to the legislative committees with jurisdiction over agriculture policy what the monetary limit under this paragraph would be if adjusted using the United States All-Items Consumer Price Index.
Law: 2017 Minn. Laws Chap. 88 Art. 2 Sec. 89
Statute: 583.27 Subd. 1(b)
Agency(ies)/Supplier(s): Minn. Dept. of Agriculture
Due Date: 06/30/2027
Frequency: Other
Subjects: Agriculture - Finance
Governing/Government-State - Agencies
Committee/Agency Jurisdiction: Agriculture Policy
Note: Due date imputed (In 2022 and every five years thereafter). Per 583.215 this mandate expires June 30, 2027.

Item(s) Received

TitlePublisher(s)Publication DateCoverageDate ReceivedReport LinkCall #
Farmer-Lender Mediation Act: Necessary Living Expenses Recommendation Report Minn. Dept. of Agriculture November 30, 2022 12/01/2022 22-1542.pdf
HD1440.U6 F377 2022