Restricts all ownership of agricultural land in State by foreign governments and persons.

Summary

The bill would prohibit any foreign government or foreign person from acquiring agricultural land in New Jersey after it takes effect. Owners who already hold such land could keep it for up to five years, after which they must sell it to a domestic buyer and attach a deed of easement to keep the land in farming. It also requires the state agriculture secretary to report annually on foreign ownership of farm land.

AI-generated summary — may be incomplete or inaccurate. Verify against the official bill text.

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