Lawmakers Reintroduce Bill to Scrutinize Foreign Purchases of US Farmland
Sen. Joni Ernst, R-Iowa, and Rep. Randy Feenstra, R-Iowa, reintroduced a bill March 6 to authorize the Committee on Foreign Investment in the U.S. to review foreign purchases or leases of American farmland that exceed $5 million or 320 acres.…
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The Foreign Agricultural Restrictions to Maintain Local Agriculture and National Defense (FARMLAND) Act was referred to the Senate Agriculture Committee and the House Agriculture, Financial Services, Foreign Affairs, and Energy and Commerce committees.