NJ S1702

Prohibits foreign governments and foreign persons from acquiring any interest in agricultural, horticultural land, or agricultural woodlands in New Jersey after the bill's effective date.

Foreign owners holding such land when the bill takes effect must sell or convey their holdings within 5 years to non-foreign entities, with a deed of easement requiring continued agricultural use.

Exceptions allow foreign acquisition through debt collection processes, foreclosure, or liens, but those lands must be sold within 2 years; land acquired by devise, descent, or security encumbrances is also exempt.

Requires the Secretary of Agriculture to report within 90 days and annually thereafter on total foreign-owned agricultural acreage, 10-year ownership trends, top 10 nationalities of owners by acreage, and land use purposes.

Any provision conflicting with U.S. treaties with other countries would not apply to governments or persons from those treaty countries.