Entity-owned agricultural property shareholder limit increase

Minnesota Senate Bill 2665, introduced on March 17, 2025, seeks to increase the maximum number of shareholders, members, or partners allowed in entities that own agricultural property. Specifically, it proposes raising the limit from 12 to 18 for family farm corporations, joint family farm ventures, limited liability companies (LLCs), and partnerships operating a family farm. This change aims to enable more individuals to participate in the ownership of agricultural property through these entities. ([revisor.mn.gov](https://www.revisor.mn.gov/bills/text.php?number=SF2665&session=ls94&session_number=0&session_year=2025&version=0&utm_source=openai))

While there is no direct media coverage of Senate Bill 2665, similar legislative efforts have been noted. For instance, Senate File 755, introduced in early 2025, also proposed increasing the shareholder limit for entity-owned agricultural homestead property from 12 to 18. This suggests a legislative trend toward facilitating broader participation in agricultural property ownership. ([assets.senate.mn](https://assets.senate.mn/committees/2025-2026/1019_Committee_on_Taxes/SF%20755%20Summary.pdf?utm_source=openai))

No specific media coverage or negative reactions regarding Senate Bill 2665 have been identified. However, similar legislative proposals, such as Senate File 755, have been introduced, indicating ongoing discussions and potential concerns about the implications of increasing shareholder limits in agricultural property ownership. ([assets.senate.mn](https://assets.senate.mn/committees/2025-2026/1019_Committee_on_Taxes/SF%20755%20Summary.pdf?utm_source=openai))