Form AG-03318 Minnesota's Corporate Farm Application - Trust / Pension / Investment Fund Application - Minnesota

Form AG-03318 or the "Minnesota's Corporate Farm Application - Trust / Pension / Investment Fund Application" is a form issued by the Minnesota Agriculture Department.

Download a PDF version of the Form AG-03318 down below or find it on the Minnesota Agriculture Department Forms website.

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625 ROBERT STREET NORTH, SAINT PAUL, MN 55155-2538
WWW.MDA.STATE.MN.US
Corporate Farm, Office: 651-201-6083
Minnesota’s Corporate Farm Application
Minnesota Statute § 500.24 requires that all pension or investment funds, corporations, limited partnerships, limited
liability companies, and trusts must be certified by the Minnesota Department of Agriculture before engaging in farming
or having an interest in agricultural land.
Trust / Pension / Investment Fund Application
*If the trust owned land prior to May 16, 2000, you are grandfathered in and do not need to register with our office. If your trust is
revocable, you do not need to register with our office.
Registration #
(For Office Use)
Name of Trust/Pension/Investment Fund:
Address:
City:
State:
Zip:
Phone:
Email:
My land is not considered highly erodible therefore a conservation plan is not needed.
Part or all of my land is considered highly erodible and I am implementing my conservation plan.
If you are unsure, consult with your county soil & water department. If you have highly erodible land, you will
need to submit a conservation plan proposed by the Soil & Water Conservation District for Highly Erodible Land.
*Please note, if a trust is a shareholder in a corporation or a partner in a limited partnership, you must fill out an
application for both the corporation/partnership AND the trust.
Filing Fee
Return this form with your check made payable to:
Minnesota Department of Agriculture
Total Due $15.00
Attn: Cashier
625 Robert Street North
600524 (3100)
Saint Paul, MN 55155-2538
I, ____________________________________________ hereby state that I am the
(Name)
For Office Use Only
__________________________________ of the entity reporting herein, and that
(Title)
the information contained herein is true and correct.
_____________________________________________ ______________________
(Signature)
(Date)
In accordance with the Americans with Disabilities Act, this information is available in alternative forms of communication upon request
AG-03318 8/23/17
by calling 651-201-6000. TTY users can call the Minnesota Relay Service at 711. The MDA is an equal opportunity employer and provider.
Page 1 of 4
625 ROBERT STREET NORTH, SAINT PAUL, MN 55155-2538
WWW.MDA.STATE.MN.US
Corporate Farm, Office: 651-201-6083
Minnesota’s Corporate Farm Application
Minnesota Statute § 500.24 requires that all pension or investment funds, corporations, limited partnerships, limited
liability companies, and trusts must be certified by the Minnesota Department of Agriculture before engaging in farming
or having an interest in agricultural land.
Trust / Pension / Investment Fund Application
*If the trust owned land prior to May 16, 2000, you are grandfathered in and do not need to register with our office. If your trust is
revocable, you do not need to register with our office.
Registration #
(For Office Use)
Name of Trust/Pension/Investment Fund:
Address:
City:
State:
Zip:
Phone:
Email:
My land is not considered highly erodible therefore a conservation plan is not needed.
Part or all of my land is considered highly erodible and I am implementing my conservation plan.
If you are unsure, consult with your county soil & water department. If you have highly erodible land, you will
need to submit a conservation plan proposed by the Soil & Water Conservation District for Highly Erodible Land.
*Please note, if a trust is a shareholder in a corporation or a partner in a limited partnership, you must fill out an
application for both the corporation/partnership AND the trust.
Filing Fee
Return this form with your check made payable to:
Minnesota Department of Agriculture
Total Due $15.00
Attn: Cashier
625 Robert Street North
600524 (3100)
Saint Paul, MN 55155-2538
I, ____________________________________________ hereby state that I am the
(Name)
For Office Use Only
__________________________________ of the entity reporting herein, and that
(Title)
the information contained herein is true and correct.
_____________________________________________ ______________________
(Signature)
(Date)
In accordance with the Americans with Disabilities Act, this information is available in alternative forms of communication upon request
AG-03318 8/23/17
by calling 651-201-6000. TTY users can call the Minnesota Relay Service at 711. The MDA is an equal opportunity employer and provider.
Page 1 of 4
1. Basis of Exemption ~ Check one between a ~ d, if unsure of the basis, please see Explanation of Exemptions.
a. Family Farm
b. Non-profit
c. De Minimis
d. Commissioner
2. If De Minimis exception:
a.
Do you annually receive less than $150/acre in gross revenue from rental or ag production?
Yes
No
b. How many acres do you have an interest in? __________
3. Number of acres owned by Trust/Pension/Investment Fund (A copy of the title to agricultural land MUST be attached.)
Please total acres per county.
Acres
County
Township
Section
Date Acquired
4. Number of acres being leased by the Trust/Pension/Investment Fund. Please total acres per county.
Acres
County
Township
Section
Date Acquired
5. Please list farm products, including livestock, produced on the above acres.
________________________________________________________________________________________________________
________________________________________________________________________________________________________
________________________________________________________________________________________________________
In accordance with the Americans with Disabilities Act, this information is available in alternative forms of communication upon request
AG-03318 8/23/17
by calling 651-201-6000. TTY users can call the Minnesota Relay Service at 711. The MDA is an equal opportunity employer and provider.
Page 2 of 4
6. If this is a Family Farm Trust, list all current beneficiaries (those eligible to receive income or principal distribution during the current year)
Name:
Resides on Farm?
Yes
No
Address:
Engages in Farm Activity?
*Yes
No
City:
State:
Zip:
Interest %:
Relationship:
Name:
Resides on Farm?
Yes
No
Address:
Engages in Farm Activity?
*Yes
No
City:
State:
Zip:
Interest %:
Relationship:
Name:
Resides on Farm?
Yes
No
Address:
Engages in Farm Activity?
*Yes
No
City:
State:
Zip:
Interest %:
Relationship:
Name:
Resides on Farm?
Yes
No
Address:
Engages in Farm Activity?
*Yes
No
City:
State:
Zip:
Interest %:
Relationship:
Name:
Resides on Farm?
Yes
No
Address:
Engages in Farm Activity?
*Yes
No
City:
State:
Zip:
Interest %:
Relationship:
Please add a separate sheet listing beneficiary information if there are not enough spaces above.
* If yes, list farming activity in detail.
____________________________________________________________________________________________
____________________________________________________________________________________________
7. Is the agricultural land leased/rented to an individual(s) or entity that is in compliance with MN
Yes
No
Statute § 500.24? (See Explanation of Exemptions) Please list name of farmer/business.
____________________________________________________________________________________________
8. If current beneficiary is a non-profit trust, are they eligible to receive income tax deductible
Yes
No
contributions under Section 170(c) of the Internal Revenue Code? (Please submit a copy of the trust
document or an opinion letter from an attorney or a CPA as evidence.)
9. Is this a charitable remainder trust under Section 664 of the Internal Revenue Code?
Yes
No
10. Is this a charitable lead trust under Section 170(f) of the Internal Revenue Code?
Yes
No
11. If yes, list all remainder beneficiaries:
Name:
Relationship:
Address:
City:
State:
Zip:
Name:
Relationship:
Address:
City:
State:
Zip:
Name:
Relationship:
Address:
City:
State:
Zip:
In accordance with the Americans with Disabilities Act, this information is available in alternative forms of communication upon request
AG-03318 8/23/17
by calling 651-201-6000. TTY users can call the Minnesota Relay Service at 711. The MDA is an equal opportunity employer and provider.
Page 3 of 4
Special Basis for Exemption
Return this sheet only if you are filing for a special basis of exemption.
1. If a research or experimental Farm
a.
Describe the research/experimental purpose for the agricultural land.
_______________________________________________________________________________________________
_______________________________________________________________________________________________
_______________________________________________________________________________________________
b.
Will there be any commercial sales from the operation?
Yes
No
If yes, what is the percentage of gross income? ______%
c.
With initial application, you must submit to the Minnesota Department of Agriculture a
proposal of the intended method of operation, including copies of any operational contracts.
2. If a breeding stock:
a.
Are all castrated animals being sold to farming operations permitted under Minn. Stat. § 500.24,
Yes
No
that are neither directly, nor indirectly owned by the operating entity?
b.
You must submit a report detailing total production and sales annually to the
Yes
No
Minnesota Department of Agriculture.
3. If a development organization:
a.
Has the land been acquired for a specific non-farm purpose?
Yes
No
If yes, what? _____________________________________________________________________________________
b.
Is the land zoned non-agricultural?
Yes
No
c.
Is the land located within an incorporated area?
Yes
No
d.
Is the land currently being farmed?
Yes
No
If yes, by whom? Name ____________________________________________________________________________
Address _________________________________________________________________________________________
4. If De Minimis exception:
a.
Do you annually receive less than $150/acre in gross revenue from rental or ag production?
Yes
No
b.
How many acres do you have an interest in? __________
5. If gifted land:
a.
Was the land given to you through grant or devise?
Yes
No
b.
Are you an education, religious, charitable non-profit corporation, LP, LLC, or pension/investment fund?
Yes
No
6. If repossessed land:
a.
Did you acquire land in the collection of debt, enforcement of a lien or claim on land?
Yes
No
b.
Is the land currently being farmed?
Yes
No
If yes, by whom? Name ____________________________________________________________________________
Address _________________________________________________________________________________________
In accordance with the Americans with Disabilities Act, this information is available in alternative forms of communication upon request
AG-03318 8/23/17
by calling 651-201-6000. TTY users can call the Minnesota Relay Service at 711. The MDA is an equal opportunity employer and provider.
Page 4 of 4

Download Form AG-03318 Minnesota's Corporate Farm Application - Trust / Pension / Investment Fund Application - Minnesota

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