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

Topics:

Agriculture - Finance

Governing/Government-State - Agencies

Mandate Groups:

Agriculture

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

Title	Publisher(s)	Publication Date	Coverage	Date Received	Report Link
Farmer-Lender Mediation Act: Necessary Living Expenses Recommendation Report	Minn. Dept. of Agriculture	November 30, 2022		12/01/2022	22-1542.pdf