State Treasury cannot be compelled by court to sell agricultural lands to a tenant under lease.
Lease Agreement Initiated
The matter began with a lease agreement for agricultural lands belonging to the State Treasury, which the company signed on September 1, 1995, with the then-existing Agricultural Property Agency (ANR). The agreement was for 15 years, and after that period, it was extended until September 1, 2020.
Land Exclusion and First Right
In February 2012, the agency decided to exclude 30% of the agricultural land from the lease. The company consented to this, and the lease agreement was amended, but simultaneously, the company declared its intention to exercise the right of first refusal for the excluded plots. The agency made no decisions or discussions on this matter, and the lands were to return to state assets, which they did.
