Bill > SB885

This bill significantly modifies Missouri's laws regarding foreign ownership of agricultural land by implementing a comprehensive ban on agricultural land acquisition by aliens, foreign businesses, and foreign governments, effective immediately. The legislation defines agricultural land as any tract over five acres capable of supporting agricultural enterprises, and broadens the definition of "foreign business" to include various types of corporate entities organized under foreign laws or with a controlling interest owned by non-U.S. citizens. The bill prohibits any new acquisitions of agricultural land by foreign entities and prevents existing foreign landowners from transferring their agricultural land to other foreign entities. Notably, the bill includes a special provision preventing foreign adversaries (as defined by federal regulations) from owning agricultural land, even for non-farming purposes. The law requires all proposed transfers involving foreign entities to be submitted to the Missouri Department of Agriculture for review at least 30 days before finalization, and establishes that any agricultural land acquired in violation of these provisions must be divested within two years, with potential court-ordered public sale if divestment does not occur. The bill is framed as an emergency act, citing concerns about potential risks associated with foreign ownership of agricultural land, and aims to protect Missouri's agricultural resources by restricting non-U.S. ownership.

Agriculture and Natural Resources

https://www.senate.mo.gov/26info/BTS_Web/Bill.aspx?SessionType=R&BillID=373