Farm Action Supports USDA Rulemaking to Strengthen Foreign Farmland Ownership Reporting
Farm Action backs USDA’s proposed updates to the Agricultural Foreign Investment Disclosure Act (AFIDA) to increase transparency around farmland ownership.
Farm Action backs USDA’s proposed updates to the Agricultural Foreign Investment Disclosure Act (AFIDA) to increase transparency around farmland ownership.
The speed, size, and secrecy of “Farmer Bill’s” land purchases set off alarm bells. Why does a tech-obsessed billionaire need 240,000 acres of farmland?
As of late 2019, foreign investors have held an interest in almost 35.2 million acres of U.S. farmland. That’s an area larger than the state of New York. In the past 17 years alone, foreign farmland holdings have doubled in the U.S. and the trend is showing no signs of slowing.