Senate Bill 2099 amends Tennessee Code Annotated to establish a new section regarding the acquisition and administration of agricultural real estate interests. The bill defines "agricultural easement" as a voluntary nonpossessory interest in real property that imposes limitations or obligations on the landowner to preserve agricultural conditions. It creates a program within the Department of Agriculture for acquiring and managing agricultural easements, which may include grants for preserving farm and forestry land. A special agency account, known as the farmland preservation fund, is established within the general fund to support these activities, allowing unencumbered funds to carry over from year to year and be invested for the fund's benefit.

The bill outlines specific requirements for agricultural easements, including the allowance for agricultural buildings and the creation of up to three residential lots for farmers and farm workers, limited to five percent of the total land. The commissioner of agriculture is tasked with administering the fund and promulgating rules to implement the section, including eligibility criteria. The act will take effect upon becoming law for rulemaking purposes, while other provisions will take effect on July 1, 2024.