Creates the Farmland Transition Commission Act. Provides that the Department of Agriculture shall establish a Farmland Transition Commission to examine current barriers individuals ages 21 through 40 face when trying to purchase or access farmland, review current incentives and policies to encourage the transfer of farmland to current or prospective farmers between the ages of 21 through 40, and to make recommendations on possible incentives or policies to assist these individuals in purchasing or accessing farmland. Specifies membership of the Commission. Provides that Commission members shall serve without compensation. Provides that the Commission shall meet at least on a quarterly basis. Provides that the Commission shall file a report annually with the Governor and the General Assembly on or before January 1 of each year on its recommendations for possible incentives to assist young farmers between the ages of 21 and 40 in acquiring access to farmland in the State. Provides that the Department of Agriculture shall provide administrative and other support to the Commission as needed. Provides that the Commission is dissolved and this provision is repealed on December 31, 2031.