COMMITTEE ON LEGISLATIVE RESEARCH
OVERSIGHT DIVISION
FISCAL NOTE
L.R. No.:0569S.02C Bill No.:SCS for SB 217 Subject:Agriculture; Department of Agriculture; Attorney General; Property, Real and
Personal
Type:Original Date:March 18, 2025Bill Summary:This proposal modifies provisions relating to foreign ownership of
agricultural land.
FISCAL SUMMARY
ESTIMATED NET EFFECT ON GENERAL REVENUE FUNDFUND AFFECTEDFY 2026FY 2027FY 2028Total Estimated Net
Effect on General
Revenue $0$0$0
ESTIMATED NET EFFECT ON OTHER STATE FUNDSFUND AFFECTEDFY 2026FY 2027FY 2028Total Estimated Net
Effect on Other State
Funds $0$0$0
Numbers within parentheses: () indicate costs or losses. L.R. No. 0569S.02C
Bill No. SCS for SB 217
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ESTIMATED NET EFFECT ON FEDERAL FUNDSFUND AFFECTEDFY 2026FY 2027FY 2028Total Estimated Net
Effect on All Federal
Funds $0$0$0
ESTIMATED NET EFFECT ON FULL TIME EQUIVALENT (FTE)FUND AFFECTEDFY 2026FY 2027FY 2028Total Estimated Net
Effect on FTE 000
☐ Estimated Net Effect (expenditures or reduced revenues) expected to exceed $250,000 in any
of the three fiscal years after implementation of the act or at full implementation of the act.
☐ Estimated Net Effect (savings or increased revenues) expected to exceed $250,000 in any of
the three fiscal years after implementation of the act or at full implementation of the act.
ESTIMATED NET EFFECT ON LOCAL FUNDSFUND AFFECTEDFY 2026FY 2027FY 2028Local Government$0$0$0 L.R. No. 0569S.02C
Bill No. SCS for SB 217
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FISCAL ANALYSIS
ASSUMPTION
⸹⸹442.566, 442.571, 442.576 & 442.591 – Foreign Ownership of Agricultural Land
Officials from the Department of Natural Resources, the Missouri Department of
Agricultureand the Office of Administration each assume the proposal will have no fiscal
impact on their respective organizations.
Oversight notes that the above mentioned agencies have stated the proposal would not have a
direct fiscal impact on their organization. Oversight does not have any information to the
contrary. Therefore, Oversight will reflect a zero impact on the fiscal note.
In response to the previous version, officials from the Office of Attorney General (AGO)
assumed any potential litigation costs arising from this proposal can be absorbed with existing
resources. The AGO may seek additional appropriations if the proposal results in a significant
increase in litigation or investigation.
Oversight does not have any information to the contrary. Therefore, Oversight assumes the
AGO will be able to perform any additional duties required by this proposal with current staff
and resources and will reflect no fiscal impact to the AGO for fiscal note purposes.
Oversight notes, according to the United States Department of Agriculture, foreign entities held
474,305 acres of Missouri’s agricultural land as of December 31, 2023, which equates to 1.3% of
the total agricultural land (in proportion to privately held agricultural land).
https://www.fsa.usda.gov/documents/foreign-holdings-us-agricultural-land-december-31-2023 L.R. No. 0569S.02C
Bill No. SCS for SB 217
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Rule Promulgation
Officials from the Joint Committee on Administrative Rules assume this proposal is not
anticipated to cause a fiscal impact beyond its current appropriation.
Officials from the Office of the Secretary of State (SOS) note many bills considered by the
General Assembly include provisions allowing or requiring agencies to submit rules and
regulations to implement the act. The SOS is provided with core funding to handle a certain
amount of normal activity resulting from each year's legislative session. The fiscal impact for
this fiscal note to the SOS for Administrative Rules is less than $5,000. The SOS recognizes that
this is a small amount and does not expect that additional funding would be required to meet
these costs. However, the SOS also recognizes that many such bills may be passed by the
General Assembly in a given year and that collectively the costs may be in excess of what the
office can sustain with its core budget. Therefore, the SOS reserves the right to request funding
for the cost of supporting administrative rules requirements should the need arise based on a
review of the finally approved bills signed by the governor. L.R. No. 0569S.02C
Bill No. SCS for SB 217
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FISCAL IMPACT – State GovernmentFY 2026FY 2027FY 2028$0$0$0FISCAL IMPACT – Local GovernmentFY 2026FY 2027FY 2028$0$0$0
FISCAL IMPACT – Small Business
No direct fiscal impact to small businesses would be expected as a result of this proposal.
FISCAL DESCRIPTION
The proposed legislation appears to have no direct fiscal impact.
This legislation has an emergency clause.
This legislation is not federally mandated, would not duplicate any other program and would not
require additional capital improvements or rental space.
SOURCES OF INFORMATION
Missouri Department of Agriculture
Department of Natural Resources
Office of Administration
Office of the Secretary of State
Joint Committee on Administrative Rules
Attorney General’s Office
Julie MorffJessica HarrisDirectorAssistant DirectorMarch 18, 2025March 18, 2025