HF3259

Purpose of the Bill

The purpose of this bill is to extend the expiration date of the farmer-lender mediation program in Minnesota. This program is designed to assist farmers who are experiencing difficulties with debt, by providing a structured process for mediation between farmers and their lenders.

Main Provisions

• The bill specifically amends Minnesota Statutes 2024 section 583.215 to update the expiration date of the farmer-lender mediation program.
• The initial expiration date of June 30, 2027, is now extended to June 30, 2032.

Significant Changes to Existing Law

• The main change introduced by this bill is the extension of the program's expiration date. Previously set to expire in 2027, the bill extends the operation of the farmer-lender mediation program by five additional years, allowing it to continue until 2032. No other changes to the program's structure or operation are outlined in this bill.

Relevant Terms

farmer-lender mediation, debt mediation, agriculture finance, statute extension, program expiration, Minnesota agriculture law.