Montana Option to Purchase Farm Land to be Developed for Industrial or Commercial Purposes
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How to fill out Option To Purchase Farm Land To Be Developed For Industrial Or Commercial Purposes?
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FAQ
NB The glossary of statistical terms, published by the Organisation for Economic Co-operation and Development (OECD), defines agricultural land as: 'land including arable land, land under permanent crops and land under permanent meadows and pastures.
6657 Section 65 states that, a piece of agricultural land can be converted after the lapse of five (5) years from the granting of the award, if they are no longer economically feasible and sound for agricultural purposes or locality has become urbanized giving the subject lands greater value economic value for
Official definition of farms According to the United States Department of Agriculture, A farm is defined as any place from which $1,000 or more of agricultural products were produced and sold, or normally would have been sold, during the year.
Agricultural Covenants Exemption. The Montana Subdivision and Platting Act (MSPA) allows a division of land to be exempt from subdivision review if an agricultural covenant running with the land is placed on the divided parcel.
Small industrial projects with an investment of up to Rs 15 crore can now be set up on agricultural land in Karnataka, after the state government amended rules in the hope of attracting more investment.
In Montana, parcels over 160 acres automatically get agricultural designation unless the land is used for other purposes. Properties between 20-160 acres must apply for agricultural designation.
Land designated as agricultural can only be used for farming. Aside from conversion of agricultural lands to non-agricultural areas, agricultural lands cannot be utilised for development reasons such as residential, commercial, industrial, or medical facilities.
Under the provisions of the law in India, fertile agricultural land could only be used for agricultural purposes and nothing else. To use it for a purpose other than that i.e. residential, commercial or industrial use, the owner has to seek an approval from the authorities concerned and change the land use.