Modifies provisions relating to eminent domain

HB 3375 modifies Missouri's eminent domain laws to provide additional protections for specific property owners. It defines "beginning farmers" (those with ≤10 years of farming experience), requires valuation based on "highest and best use" for agricultural properties, and establishes "heritage value" at 20% of fair market value for family-owned properties held for 50+ years. The bill also creates "homestead taking" protections for primary residences and restricts public utilities from condemning another utility provider's property unless it’s for a non-exclusive easement that doesn’t interfere with current use. These changes directly affect farmers, family-owned landholders, homeowners, and utility companies seeking to acquire land.