Provide cash lease-only bidding for agriculture leases
This bill modifies Montana's state land agricultural lease system by allowing competitive bidding for cash-based leases instead of requiring all leases to be on a crop share basis. It directly affects farmers and ranchers leasing state-owned agricultural land by introducing a new option where bidders submit dollar-per-acre bids rather than offering a percentage of their crop yield. The key provision requires successful cash lease bidders to pay a minimum annual guarantee of at least $15 per acre and mandates that these leases convert back to a crop share basis after a 10-year term. Additionally, the bill updates deposit requirements and rental payment deadlines to align with the new cash lease structure.
Bill status
introduced
1 of 4 stages cleared
Introduction
Oct 2024
Committee Review
Floor Vote
Governor
Introduced Oct 9, 2024
Last action Nov 20, 2024
Floor votes
How they voted
No floor votes recorded yet.
Full legislative history
Actions timeline
Total actions
7
Key actions
0
Committee
0
0 primary · 0 co-sponsors
Sponsors
No sponsor information available.
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