NJ S316

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

Foreign owners currently holding agricultural land must sell or convey their holdings within five years to non-foreign entities, with a deed requiring the land remain in agricultural use.

Limited exceptions allow foreign acquisition through debt collection, foreclosure, or liens, but requires sale within two years, and exempts land acquired by inheritance or as security for encumbrances.

Any provision conflicting with U.S. treaties does not apply to governments or persons from treaty-party countries.

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 foreign nationalities by acreage, and land use purposes.