Modifies provisions relating to foreign ownership of agricultural land
Second Read and Referred S Agriculture, Food Production and Outdoor Resources Committee
Summary
The bill expands the definition of a foreign business to include professional corporations, nonprofits and LLCs, then bars any alien, foreign business or foreign government from buying, inheriting, or otherwise acquiring agricultural land in the state. It also prevents existing foreign owners from selling or transferring that land to other foreign parties and requires any proposed transfer to be reviewed by the Missouri Department of Agriculture. Violations trigger a lawsuit by the attorney general and an order to divest the land within two years.
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