Office of Business Regulation and Land Ownership within the Department of Agriculture established, reports required, and money appropriated.

This bill creates a new Office of Business Regulation and Land Ownership within Minnesota's Department of Agriculture. The office will investigate monopolies and consolidation in agriculture-related businesses, such as those producing food, seeds, and chemicals, while also tracking how agricultural land is being bought by individuals, corporations, and other organizations. To carry out these tasks, the office will employ a director with expertise in antitrust and property law, along with staff including lawyers and economists, and must submit biennial reports to state legislators. The legislation also authorizes funding from the state's general budget to establish and operate this new office.