Farmers will receive 150% of land value under new Missouri eminent domain law

(The Center Square) – Utility companies and governments acquiring agricultural or horticultural land through eminent domain will be required to pay 150% of the fair market value under a bill enacted by Missouri Republican Gov. Mike Parson.

House Bill 2005, sponsored by Rep. Mike Haffner, R-Pleasant Hill, addresses cases where utility companies use eminent domain to purchase property owned by farmers and ranchers to build electric transmission lines. In many cases throughout the years, payments for the land were little more than market value. The new law states the land’s value will be determined by the courts.

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