This bill proposes modifications to the Livestock Investment Grant Program in Minnesota. Key changes include:

1. Grant Award Adjustments – The bill revises the structure of grant awards:

   • Grantees can receive 50% of the first $20,000 in qualifying expenditures.
   • They can receive 20% of the next $220,000 in expenditures.
   • This is an increase from the previous structure, which granted 10% of the first $500,000 in expenditures.

2. Expanded Definition of Qualifying Expenditures – The bill clarifies what expenditures qualify for the grant. These include:

   • Construction and improvement of livestock facilities.
   • Pasture development, including livestock lanes, watering systems, stream crossings, and fences.
   • Equipment purchases for livestock housing, feeding, waste management, and energy production (e.g., robotic equipment, milking parlors, manure storage facilities, fencing, livestock pens, and livestock monitoring technology).
   • Expenditures must be capitalized and deductible under federal tax rules.
   • Refinancing existing debt is not eligible.

3. Eligibility Modifications – To be eligible for the grant:

   • Applicants must be Minnesota residents or entities allowed to own farmland in Minnesota.
   • They must be the principal farm operator.
   • They must hold a feedlot registration, if required.
   • They must submit an application with documentation of qualifying expenditures.
   • The bill also extends eligibility to representatives of Minnesota Tribal governments.

In summary, this bill modifies the Livestock Investment Grant Program by increasing funding percentages, expanding eligible expenses, and adjusting eligibility criteria to include tribal representatives.