PIERRE, S.D. – Today, Governor Kristi Noem and legislators announced proposed legislation to restrict foreign purchases of agricultural land in South Dakota. The plan creates a new board, the Committee on Foreign Investment in the United States – South Dakota (CFIUS-SD), which will investigate proposed purchases of ag land by foreign interests and recommend either approval or denial to the Governor.
“With this new process, we will be able to prevent nations who hate us – like Communist China – from buying up our state’s agriculture land,” said Governor Kristi Noem. “We cannot allow the Chinese Communist Party to continue to buy up our nation’s food supply, so South Dakota will lead the charge on this vital national security issue.”
The prime sponsors of the legislation will be Senator Erin Tobin (R-Winner) and Representative-elect Gary Cammack (R-Union Center).
Not just "...restrict foreign purchases," but how 'bout reclaiming ALL land by eminent domain purchased by foreigners and restore its use for the benefit of the rightful owners?
What about shell corporations and trusts meant to conceal ownership?
EO 13848 should help with this.
Yessss! I know in my heart that this will happen as soon as things are righted and Trump is back. Get those invaders out of our country - all of them!
Farm land has to be affordable by the average guy. That is sustenance, that is life itself. That is why serfs, who could never hope to own their own land, came to America!
Agreed.
https://www.agweb.com/news/business/farmland/farmland-price-record-27400-acre-southeast-nebraska
https://www.radioiowa.com/2022/11/17/record-price-for-iowa-farmland-now-30000-an-acre/
By 'foreign' does that include Bill Gates?
The law should be revised to identify foreign agents (government, corporate, private), US based entities must be at least 51% US national owned to hold assets... US entities who take forms of payment to acquire on behalf of the foreign agents will subject to prosecution and any acquired assets will be forfeited, sold at auction... Make the law very difficult with clear rights to get the assets back with No compensation for those that try to subvert the spirit of the law.
SERIOUSLY, that's what I wanted to add.
He's already dead for treason so all he owned is now in the new government's hands.
I am on the train that says we should cut all immigration until we can sort out illegal immigration and focus on ourselves now.
This is MOST excellent and very important. I am going to bother the mods for a sticky. We MUST get our land out of the hands of foreigners. When foreigners can own land in a country, its citizens become serfs, and homes and farms cost WAY more than they should.
They shouldn’t be allowed to buy land PERIOD. And no more immigration of any kind.
This should be a federal law.