5-5-6.1. Minimum rental rate for agricultural lands. The commissioner of school and public lands shall establish the minimum annual rental rate per acre of all agricultural lands which are administered by the commissioner. The minimum annual rental rate per acre shall be the rate at which bidding is started. In fixing the minimum annual rental per acre, the following factors shall be considered:
(1) Location, accessibility, and utility of the land as influenced by roads, easements, and topography;
(2) Soil capabilities;
(3) Climate; and
(4) Current rental rates prevailing in the county in which such lands are situated.Source: SL 1985, ch 37, § 8.
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