This bill amends several sections of the North Dakota Century Code to clarify and update regulations regarding corporate and limited liability company farming and ranching. Key changes include the definition of "farming or ranching," which now explicitly includes "livestock" in the context of services provided by processors or distributors. Additionally, the bill specifies that all shareholders and members of authorized livestock farm corporations and limited liability companies must be U.S. citizens or permanent resident aliens, and it requires detailed reporting on ownership and operational engagement in farming or ranching activities.

Further amendments focus on the reporting requirements for authorized livestock farm corporations and limited liability companies, including the need to disclose the number of membership interests, the engagement of individuals in operations, and the acreage of farmland or ranchland owned or leased. The bill also emphasizes that these entities must not exceed ownership of 160 acres of farmland or ranchland and must not engage in the production of crops or livestock grazing on such land. Overall, the bill aims to ensure compliance with ownership and operational standards in the agricultural sector while enhancing transparency in reporting.

Statutes affected:
INTRODUCED: 10-06.1-01, 10-06.1-12.2, 10-06.1-15.2, 10-06.1-17, 10-06.1-17.1
Prepared by the Legislative Council staff for Senator Mathern: 10-06.1-01, 10-06.1-12.2, 10-06.1-15.2, 10-06.1-17, 10-06.1-17.1
Enrollment: 10-06.1-01, 10-06.1-12.2, 10-06.1-15.2, 10-06.1-17, 10-06.1-17.1