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Indiana Code Title 32. Property § 32-22-3-0.5

Current as of January 02, 2024 | Updated by Findlaw Staff

Sec. 0.5. (a) Except as provided in section 4.5 of this chapter, the prohibition on ownership of agricultural land established by this chapter does not apply to the following:

(1) Agricultural land that is used for research or experimental purposes, including testing, developing, or producing seeds or plants for sale or resale to farmers as seed stock.

(2) The acquisition by a foreign business entity of agricultural land or an interest in agricultural land that is located within Indiana:

(A) that is used for crop farming and that is not more than three hundred twenty (320) acres;  or

(B) that is used for timber production and that is not more than ten (10) acres.

(3) As used in this subdivision, “confined feeding operation” has the meaning set forth in IC 13-11-2-40.  The acquisition by a foreign business entity of a confined feeding operation or agricultural land on which to construct a confined feeding operation.

(4) Agricultural land used for raising or producing eggs or poultry, including hatcheries and other ancillary activities.

(b) This chapter does not affect the ability of a foreign business entity to hold or acquire by grant, purchase, devise, descent, or otherwise agricultural land in such acreage as may be necessary to its business operations for purposes other than crop farming or timber production.

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Cite this article: FindLaw.com - Indiana Code Title 32. Property § 32-22-3-0.5 - last updated January 02, 2024 | https://codes.findlaw.com/in/title-32-property/in-code-sect-32-22-3-0-5/

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