RELATING TO AUTHORIZING THE DEPARTMENT OF LAND AND NATURAL RESOURCES TO LEASE PASTURE LANDS ON TERMS THAT PROMOTE COLLABORATIVE BENEFICIAL USE FOR FORESTRY, WILDLIFE, RECREATIONAL, AND FOOD PRODUCTION PURPOSES.

Authorizes the Board of Land and Natural Resources to amend and extend existing pasture leases and to issue new pasture leases by negotiation to further the public purposes that the Department of Land and Natural Resources (Department) is responsible for promoting. Requires lease rents for pastoral and agricultural leases to be determined based on agricultural use value. Allows the Department to alter or convert the use of the productive agricultural land transferred under certain circumstances. (SD1)