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Foreign Farmland Ownership

Republican Senator Joni Ernst of Iowa says she and the Michigan Democrat who’s chairwoman of the Senate Ag Committee are calling for creation of a public database of U-S ag land owned by foreigners and it would set the stage for forced divestment of real estate owned by foreign entities. Ernst says the bipartisan proposal also would strengthen federal oversight and rejection of foreign investment in the ag sector of the U-S economy. Other members of the House and Senate called for an outright ban on foreign ownership of U-S farmland. Ernst says the bipartisan proposal she’s working on would give the U-S-D-A authority to review the national security implications of Chinese companies doing business on American soil and block suspect deals.