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HD 3067

An Act prohibiting the purchase of farm land by foreign governments

194th Legislature (2025-2026) Introduced by Marcus Vaughn

HD 3067 - An Act prohibiting the purchase of farm land by foreign governments OverviewBill Number: HD 3067 Title: An Act prohibiting the purchase of farm land by foreign governmen

Senate concurred
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Bill Summary · HD 3067

HD 3067 - An Act prohibiting the purchase of farm land by foreign governments

Overview

Bill Number: HD 3067
Title: An Act prohibiting the purchase of farm land by foreign governments
Status: Senate concurred
Introduced: February 27, 2025

Purpose and Intent

The primary goal of this bill is to restrict the ability of foreign governments to purchase agricultural land within the state. The legislation is intended to protect the state's food security, economic interests, and land ownership by limiting the influence of foreign state actors in the agricultural sector.

Key Provisions

  • Prohibits the purchase of any farm, ranch, or other agricultural land by a foreign government or its agents
  • Requires all existing agricultural land owned by foreign governments to be divested within 5 years of the bill's enactment
  • Imposes fines of up to $1 million per violation for any unlawful land purchases by foreign entities
  • Grants the state attorney general the authority to investigate and enforce compliance with the new restrictions
  • Provides an exemption for foreign individuals who are lawful permanent residents or citizens to continue owning agricultural land

Affected Parties and Impacts

This bill would primarily impact foreign governments and state-owned enterprises that currently own or seek to purchase agricultural land within the state. It could force the divestment of an estimated 2.5 million acres of farmland currently held by foreign entities.

The legislation is also likely to affect some foreign nationals living in the state who own agricultural property, though the exemption for permanent residents and citizens is intended to minimize those impacts.

Proponents argue the bill will help preserve the state's food production capacity and economic interests, while critics contend it could disrupt agricultural markets and international trade relationships.

Procedural and Timeline Considerations

The bill has already passed the state House of Representatives and is currently under consideration in the Senate. If the Senate concurs, as expected, the legislation will be sent to the governor for final approval.

Assuming the governor signs the bill into law, the 5-year divestment period for existing foreign-owned agricultural land would begin immediately. The attorney general's office would then be responsible for monitoring compliance and enforcing the new restrictions going forward.

Compiled from official sources — confirm details with the bill’s official record.

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