Bipartisan bill aims for oversight on foreign ownership of American farmland

FIRST ON FOX: Republican Sen. Pete Ricketts, Democrat Sen. John Fetterman and others are teaming up on legislation to codify oversight on foreign countries buying American farmland.

The bipartisan Agricultural Foreign Investment Disclosure (AFIDA) Improvements Act seeks to implement recommendations published by the Government Accountability Office (GAO) in January 2024, which found the AFIDA was ill-equipped to combat foreign ownership of American agricultural land. 

“American farmland should remain in the hands of American farmers and ranchers, not foreign adversaries,” Ricketts of Nebraska shared first with Fox News Digital. “The neighbors who feed us should benefit from land ownership, not Communist China. Food security is national security.”

The bill, also co-sponsored by Sens. Tommy Tuberville of Alabama, John Cornyn of Texas, Roger Wicker of Mississippi and Rep. Don Bacon of Nebraska introduced legislation, requires AFIDA reporting for foreign persons holding more than one percent interest in American agricultural land.

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“Over the past several decades, China has been buying up American farmland in an attempt to infiltrate our agriculture supply chains. Food security is national security, and we cannot give the CCP a foothold,” Tuberville said in a statement to Fox News Digital.

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The AFIDA Improvements Act aims to increase information-sharing between the Committee on Foreign Investment in the United States and the U.S. Department of Agriculture (USDA). It also requires updates to the AFIDA’s handbook and establishes a deadline for USDA to set up an online AFIDA system. 

The bill’s House sponsor, Bacon, told Fox News Digital that “having actual processes in place will strengthen the security of our nation in the event nefarious foreign agents, such as the CCP, try to purchase agricultural lands within our nation.” 

A tractor collects bales of hay during a heatwave outside Elgin, Texas, on Wednesday, July 20, 2022. 

Based on the GAO’s recommendations, the bill seeks to update the Agricultural Foreign Investment Disclosure Act of 1978 to better equip the USDA to combat foreign adversaries’…