Senate Votes to Limit Foreign Land Ownership

Wed, 26 Jul 2023 20:24:53 GMT

Roughly 37.6 million acres of U.S. ag land is foreign owned, according to USDA. The majority of these deeds are held by Canada, Netherlands, Italy, United Kingdom, Germany and China. However, select purchases of U.S. land could come to an end following a Senate vote this week.

The U.S. Senate on Tuesday voted 91-7 in favor of an amendment to the National Defense Authorization Act of 2024 that, if made law, would prohibit China, Russia, North Korea and Iran from purchasing U.S. land.

Also included in the amendment is a requirement for the president to submit a report to Congress on any waiver granted to a prohibited country.

Sen. Mike Rounds (R-S.D.), who helped push the legislative changes, says the time for foreign landownership action is now.

“These four adversaries view America as their top competitor and only wish to gain advantage and opportunities to surveil our nation’s capabilities and resources,” says Rounds. “This commonsense provision will make our homeland more secure.”

The amendments will now make their way to the House floor. If the House majority votes in favor of the provisions, they will become law.