Bill > HB672

This bill significantly changes Missouri's laws regarding foreign ownership of agricultural land by implementing a near-total ban on alien and foreign businesses acquiring agricultural land in the state starting August 28, 2025. Under the new provisions, foreign businesses are prohibited from purchasing, inheriting, or otherwise obtaining agricultural land after that date. Additionally, any foreign businesses that already own agricultural land prior to August 28, 2025, will be required to completely divest their agricultural land holdings by August 28, 2030. The Department of Agriculture will be responsible for compiling a list of foreign-owned agricultural land, notifying foreign businesses of the divestment requirement, tracking the divestment process, and reporting any failures to divest by the deadline. The bill mandates that these divestments must occur at fair market value and includes provisions that foreign businesses will not be reported for violations until after the August 28, 2030 deadline if they have not fully divested. Notably, the law prohibits using agents, trustees, or other fiduciaries to circumvent the ownership restrictions, though existing security interests will not be invalidated by these new requirements.

https://house.mo.gov/Bill.aspx?bill=HB672&year=2025&code=R