Lance Koth voted Yea (Passage) on this Legislation.
Title: Prohibits Foreign Governments from Owning Agricultural Land in the State
Vote to pass a bill that prohibits agricultural land ownership by the governments or nationals of Iran, Russia, North Korea, Cuba, Venezuela and China.
Defines terms related to foreign entities and agricultural land (Sec. 1).
Requires individuals who are required to fill out a USDA form concerning foreign investment to fill out a copy with the department of agriculture and natural resources (Sec. 2).
Specifies the following provisions are in effect (Sec. 3).
A prohibited entity may not own agricultural land;
A prohibited entitled may not lease agricultural land unless the lease is exclusively for research purposes or the lease is exclusively for contract feeding of livestock owned by a family farm unit;
Foreign entities may not won more than one hundred and sixty acres of agricultural land in the state with exceptions for inheritance;
Excluding prohibited entities, there is no restriction on easements or the number of acres of agricultural land that a foreign entity or government may own
Specifies that this does not apply to foreign entities whose right to hold land are secured by a treaty
Specifies that any foreign entity that is in violation of this act via agricultural land must transfer ownership of the land within three years (Sec. 4).
Specifies that any agricultural land owned in violation of this chapter is forfeited to the state (Sec. 6).
Title: Prohibits Foreign Governments from Owning Agricultural Land in the State