GOP, Dem senators team up with bill to protect US farmland from foreign ownership
Fox News
Sens. Tammy Baldwin and Chuck Grassley introduce bipartisan legislation seeking to crack down on China and other foreign entities buying up American farmland.
The Farmland Security Act of 2023 aims to "support transparency, collect complete and accurate data on foreign ownership, and better understand the scale and impact of foreign ownership." The legislation will ensure all foreign investors who purchase American agricultural land will report their holdings, including "shell companies." The legislation will thus strengthen penalties for those who evade filing. Brianna Herlihy is a politics writer for Fox News Digital.
"Our agricultural economy is the beating heart of Wisconsin’s rural communities. But when foreign investors own farmland and agricultural processing capacity, it can put our national security, domestic food supply, and local communities at risk," Baldwin said in a statement.
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