Missouri 2022 Regular Session

Missouri Senate Bill SB791

Introduced
1/5/22  

Caption

Modifies provisions relating to the foreign ownership of agricultural land

Impact

By establishing a prohibition on foreign ownership of agricultural land, SB791 is expected to impact various stakeholders, including foreign businesses currently holding agricultural lands in Missouri. Under this bill, any foreign entity that acquired agricultural land prior to the specified effective date can no longer sell or transfer their interests in these lands to another foreign entity. This new framework may force existing foreign owners to reconsider their investments and operations in Missouri, potentially leading to divestments or compliance with newly set rules.

Summary

Senate Bill 791 aims to modify regulations surrounding the ownership of agricultural land by foreign entities within the state of Missouri. Specifically, the bill seeks to repeal section 442.571 of the Revised Statutes of Missouri and enact a new provision that strictly prohibits any alien or foreign business from acquiring agricultural land in the state, effective from August 28, 2022. This legislation underscores a growing concern about foreign investment in American agriculture, particularly focusing on protecting domestic agricultural land from outside ownership that might be perceived as detrimental to local farming practices and resource management.

Contention

Opponents of SB791 may raise concerns regarding the implications of restricting foreign investment. Critics argue that such a law could lead to negative economic repercussions, limiting the capital influx that foreign investors often bring to local economies. They may also express fears about the negative impact this could have on international relations and agricultural trade dynamics. Supporters, on the other hand, champion the bill as a necessary safeguard to maintain control over vital agricultural resources within the state and protect local farmers from being priced out by foreign competitors.

Companion Bills

No companion bills found.

Previously Filed As

MO SB217

Modifies provisions relating to foreign ownership of agricultural land

MO SB786

Modifies provisions relating to foreign ownership of agricultural land

MO SB123

Modifies provisions relating to foreign ownership of agricultural land

MO SB144

Modifies provisions relating to foreign ownership of agricultural land

MO SB1244

Modifies provisions relating to foreign ownership of agricultural land

MO SB332

Modifies provisions regarding foreign ownership of agricultural land

MO SB806

Modifies provisions regarding foreign ownership of agricultural land

MO SB55

Modifies provisions regarding foreign ownership of agricultural land

MO SB250

Modifies provisions regarding foreign ownership of agricultural land in Missouri

MO SB924

Modifies provisions relating to the foreign ownership of real estate

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