Minnesota Statutes Section 500.221 was enacted in 1977 and is known as “Minnesota’s Alien Farm Law,” and details who can have an interest in agricultural land. Only citizens of the United States, permanent resident aliens, and business entities that have less than 20% foreign interest can have an interest in agricultural land. An interest in agricultural land includes ownership, lease, easement, or any other type of interest, whether legal or beneficial.
The law outlines requirements that need to be satisfied, depending on your status. Below is a summary of the different requirements. If you have any questions, please contact Doug Spanier at 651-201-6166