AFIDA Act requires the reporting of the expansive foreign agricultural land holdings in the U.S.
The Department of Agriculture (USDA) has announced the launch of an online reporting portal to “streamline” reports for transactions of U.S. agricultural land to foreign persons and entities under the Agricultural Foreign Investment Disclosure Act of 1978 (AFIDA). The act requires “foreign persons who acquire, transfer, or hold interests in agricultural land to report such transactions and holdings to the Secretary of Agriculture,” and seeks to obtain and retain data from the applicable transactions.
“We are working to improve reporting of foreign-owned land in the United States,“ Secretary Brooke Rollins said. “This move to streamline the reporting portal will increase compliance and assist our efforts to effectively enforce accurate reporting of interests held by foreign adversaries in U.S. farmland. The online portal will allow us to obtain verifiable information about foreign interests in American agricultural land and protect the security of our farmers.”
The recently released 2024 AFIDA report shows that 46 million acres are held by foreign entities as of December of that year.
As the Lord Leads, Pray with Us…
- For Secretary Rollins to be led by the Lord in her oversight of efforts to ensure the reporting of foreign-owned farmland.
- For USDA officials as they facilitate compliance with the AFIDA Act and other U.S. laws.
- For members of the agricultural community to engage with the new portal as appropriate and necessary.
Sources: Department of Agriculture
