Relating to land conservation; and declaring an emergency.

Establishes Oregon Agricultural Heritage Fund and continuously appropriates moneys in fund to Oregon Watershed Enhancement Board. Authorizes use of moneys for purposes associated with supporting use of land for agricultural production, maintenance or enhancement of fish or wildlife habitat, improvement of water quality or support of other natural resource values. Establishes programs to provide grants for qualifying conservation management plans, working land conservation covenants or working land conservation easements on agricultural lands. Establishes Oregon Agricultural Heritage Commission and specifies duties of commission. Makes provisions related to supporting use of land for agricultural production, fish and wildlife habitat, water quality and other natural resource values, fund establishment, grant programs and establishment and duties of commission operative January 1, 2018. Appropriates moneys from General Fund to Oregon Watershed Enhancement Board for 2017-2019 biennium for carrying out provisions. Requires Legislative Policy and Research Director to study effect of financial incentives, incremental tax reduction and tax elimination on transfers and succession planning for land used for agricultural production, maintenance or enhancement of fish or wildlife habitat, improvement of water quality or support of other natural resource values. Requires director to complete study and report findings to interim legislative committee on or before September 15, 2018. Declares emergency, effective on passage.