South Dakota has a new law on foreign ag land ownership

South Dakota Governor Kristi Noem has signed a bill into law that blocks six foreign governments from owning South Dakota farmland, including China.

“For 30 years I’ve been working on ag policy. I’ve watched over those 30 years China come into our country…I’ve watched them purchase our fertilizer companies, they’ve purchased our chemical companies, they’ve purchased our genetics and stolen our IP,” says Noem. “…we have seen in recent years China increase their purchases of U.S. farmland by more than 5,000%. They are a real threat to America.”

The law also restricts Cuba, Iran, North Korea, Russia and Venezuela governments from owning South Dakota farmland. She says the law addresses loopholes in the foreign ownership of ag land statutes.

This is the second time foreign ag land ownership legislation had been considered in South Dakota. The state legislative session wrapped up this week. Read more.

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