The legislature finds that the agricultural sector of the state's economy is under severe financial stress due to low farm commodity prices, continuing high interest rates, and reduced net farm income. The suffering agricultural economy adversely affects economic conditions for all other businesses in rural communities as well. Thousands of this state's farmers are unable to meet current payments of interest and principal payable on mortgages and other loan and land contracts and are threatened with the loss of their farmland, equipment, crops, and livestock through mortgage and lien foreclosures, cancellation of contracts for deed, and other collection actions. The agricultural economic emergency requires an orderly process with state assistance to adjust agricultural indebtedness to prevent civil unrest and to preserve the general welfare and fiscal integrity of the state.
History: 1986 c 398 art 1 s 6,18; 1987 c 292 s 37; 1989 c 350 art 16 s 8; 1990 c 525 s 1; 1991 c 208 s 2; 1Sp1993 c 2 art 6 s 2; 1995 c 212 art 2 s 11; 1997 c 183 art 3 s 29; 1998 c 395 s 7; 1998 c 402 s 6; 1999 c 214 art 2 s 19; 2001 c 195 art 1 s 23; 1Sp2001 c 1 art 2 s 25; 1Sp2001 c 2 s 150
NOTE: See section 583.215 for expiration of this section.
Structure Minnesota Statutes
Chapters 570 - 583 — Postjudgment Remedies; Alternative Dispute Resolution; Bonds
Chapter 583 — Farmer-lender Mediation
Section 583.21 — Legislative Findings.
Section 583.23 — Farm Mediation.
Section 583.24 — Applicability.
Section 583.25 — Voluntary Mediation Proceedings.
Section 583.26 — Mandatory Mediation Proceedings.
Section 583.27 — Good Faith Required, Court Supervised Mediation.
Section 583.28 — Creditor Not Attending Mediation Meeting.
Section 583.284 — Retention Of Purchase Money Security Interest.
Section 583.285 — Mediation Rules.
Section 583.29 — Private Data.
Section 583.30 — Forms And Compensation.
Section 583.305 — Prohibited Waivers.