Neb. Admin. Code § 350-11-002.13 — Commercial production shall mean agricultural and horticultural products produced for the primary purpose of obtaining a monetary profit

(Neb. Rev. Stat. Section 23-372, R.S. Supp., 2000, Neb. Rev. Stat. Sections 23-174.03, 77-1343, 77-1347 and 77-1359, R.S. Supp., 2006 and Neb. Rev. Stat. Sections 77-702, 77-1346 and 77-1348, R.S. Supp., 2007.) REG 11-003 ELIGIBILITY 003.01 In order to be eligible for the special valuation assessment the land must meet the following criteria: 003.01A The land must be located outside the corporate boundaries of any sanitary and improvement district, city, or village, except that land within the corporate boundaries of a city or village if the land is subject to a conservation or preservation easement as provided in the Conservation and Preservation Easements Act and the governing body of the city or village approves an agreement creating the easement, would be eligible; Nebraska Department of Revenue Title 350, Chapter 11, Rev. 3/15/09 Property Assessment Division Agricultural or Horticultural Land Special Valuation Regulations 5 003.01B The land must be agricultural or horticultural land. Eligibility shall be determined annually as of January 1. However, the land must remain eligible the entire year in order to retain the special valuation assessment for that year. To remain eligible in succeeding years the land must continue to be agricultural or horticultural land.