Protecting US Agricultural Land from Foreign Governments
New rules aim to restrict the purchase and lease of US agricultural land by individuals linked to the governments of Iran, North Korea, China, and Russia. This is intended to enhance food and national security, affecting who can own farmland in the USA.
Key points
Prohibition on the purchase and lease of US agricultural land by persons associated with Iran, North Korea, China, and Russia.
Increased penalties for violating foreign agricultural investment rules, including the possibility of placing a lien on the land.
Greater transparency of data on foreign agricultural land owners, with public access to price and value information.
Requirement for the US government to submit reports on the risks and benefits of foreign ownership of agricultural land.
Status:
Introduced
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