Farmland Security Act Becomes Law
Farmland Security Act Becomes Law
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On December 29, the Farmland Security Act of 2022 was signed into law as part of the omnibus spending bill passed by Congress. Cosponsored by Senators Tammy Baldwin and Chuck Grassley, the bipartisan legislation requires the creation of an interactive public database whose focus is foreign ownership of US farmland. The Farmland Security Act further amplifies the Agricultural Foreign Investment Disclosure Act, which was sponsored by then-Representative Grassley. Enacted in 1978, the Disclosure Act requires foreign nationals to report US farm holdings to the USDA. Read more HERE.