Enhanced Oversight of Foreign Farmland Ownership
New rules aim to increase transparency and control over who buys agricultural land in the United States and how. They introduce stricter penalties for concealing true owners and enhance oversight of foreign agricultural investments, intending to protect domestic food production and local communities.
Key points
Stricter financial penalties for concealing foreign ownership of agricultural land, especially by "shell corporations."
Increased audits and oversight to ensure foreign owners report their investments correctly.
The government will research the impact of foreign investments on family farms, rural communities, and food supply.
More training for officials to better identify unreported foreign investments in farmland.
Introduced
Citizen Poll