Indiana Code 32-22-3-0.5. Applicability of chapter
(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.
Terms Used In Indiana Code 32-22-3-0.5
- agricultural land: means land for use in crop farming or timber production. See Indiana Code 32-22-3-1
- crop farming: means the cultivation of land for the production of agricultural crops, consisting of plants or plant products that can be grown and harvested exclusively for profit or subsistence. See Indiana Code 32-22-3-2
- Devise: To gift property by will.
- foreign business entity: means :
Indiana Code 32-22-3-3
(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.
As added by P.L.156-2022, SEC.2.