Minnesota Farm Mediation Deadline

  • RSVP to Paul Sobocinski, LSP, sobopaul@landstewardshipproject.org, 507-342-2323

An important deadline is approaching for farmers who are participating in farmer-lender mediation. This spring, the Minnesota Legislature passed a bill brought forward by the Land Stewardship Project that extends the time frame for the right to farmer-lender mediation from 90 days to 150 days, or Dec. 1, whichever comes first.

That same deadline exists for farmers in mediation who might be able to make use of the Minnesota Farm Loan Guarantee Fee Grant Program to help restructure their debt. One requirement for a guaranteed restructuring of a loan is a farm appraisal, so financial paperwork needs to begin soon for farmers considering that option in early November.

See this link for details on the Farm Loan Guarantee Farm Grant Program. For additional details, see this recent Land Stewardship Letter article.