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MO HB2727
Bill
Status
3/10/2016
Primary Sponsor
Tom Hurst
Click for details
AI Summary
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Prohibits aliens and foreign businesses from acquiring any agricultural land in Missouri beginning August 28, 2016, replacing the previous limit of 1% of total state agricultural acreage
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Bars aliens and foreign businesses who owned agricultural land before August 28, 2016, from selling or transferring that land to other aliens or foreign businesses
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Requires all proposed transfers of agricultural land held by aliens or foreign businesses to be submitted to the Missouri Department of Agriculture for review
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Prohibits any person from holding agricultural land as an agent, trustee, or fiduciary for an alien or foreign business, while protecting existing security interests from being invalidated
Legislative Description
Changes the laws regarding foreign ownership of agricultural land
Last Action
Referred: Agriculture Policy(H)
5/13/2016