The Farmland Security Act of 2025 would change federal rules for reporting foreign investments in U.S. agricultural land. For a foreign-owned shell corporation that violates filing rules, it sets a civil penalty equal to the fair market value of the land interest involved. The penalty would not apply if the corporation corrects a defective or missing filing within 60 days after notice.
The bill would require the Secretary of Agriculture to audit at least 10 percent of reports each year and provide annual training to state and county personnel on identifying agricultural land with unreported foreign interests. It would also require annual research and reports to Congress on foreign agricultural leases, shell corporation purchases, and foreign involvement in agricultural production and economic activity.
The bill was introduced in the House and referred to the House Committee on Agriculture.
Foreign-owned shell corporations with filing violations could face a penalty tied to the value of the land interest, unless they correct the filing within the 60-day period. The bill would also increase federal review and reporting about foreign interests in U.S. agricultural land. No publicly available information describes specific effects on individual landowners or consumers.
The bill authorizes $2 million for each fiscal year from 2025 through 2030 to carry out the underlying law. This is an authorization, not a statement that the money has been spent.
No publicly available information.
No publicly available information.