Restrictions on Foreign Purchase of Agricultural Land
This new act aims to restrict the purchase of agricultural land in the U.S. by entities from certain foreign countries, including China and Russia. States that do not implement such restrictions may lose access to federal funds for agriculture, energy, and environmental programs. Citizens might experience an impact on the availability of support programs in their states if local authorities do not comply with the new rules.
Key points
States must prohibit agricultural land purchases by entities from restricted countries to receive federal funds.
Foreign entities already owning agricultural land will be required to submit annual reports on their holdings.
The act seeks to enhance national security by controlling foreign ownership of agricultural land.
Expired
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