Class 2 classification modification for agricultural land and market farming definition clarification

This bill modifies how Minnesota classifies agricultural land and clarifies the definition of market farming for property tax purposes. It updates the rules for Class 2 land, which includes agricultural homesteads, rural vacant land, and managed forests, by adjusting valuation rates and specifying how different types of land must be categorized. The legislation also refines the criteria for what counts as agricultural use, such as requiring at least ten acres of contiguous land for farming or specific conditions for intensive livestock operations. Additionally, it provides clearer guidelines on how assessors should handle parcels with mixed uses, like wooded areas interspersed with farmland, and sets application deadlines for reduced tax rates on managed forest land.