Increased Transparency for Foreign Investments in U.S. Agricultural Land
This act enhances transparency regarding foreign investments in U.S. agricultural land. Citizens will gain easier access to information about who is acquiring farmland and for what purpose. The changes also broaden the definitions of reportable transactions to include security interests and leases.
Key points
Reports on foreign investments in agricultural land submitted on or after January 1, 2000, will be publicly available on the Department of Agriculture's website.
New reports will be published within 30 days of receipt, and historical data (from 2000 onwards) will be made available within one year.
The definition of reportable transactions is expanded to include security interests and leases, regardless of their duration.
Reporting is now required for land used for agricultural purposes within the preceding 10-year period.
Foreign entities whose equity securities are primarily traded on a foreign exchange are also included in the definition of foreign persons.
Expired
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