U.S. Department
of Agriculture:
Foreign Investors Must Report U.S. Agricultural Land Holdings
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[April 22, 2024]
U.S. Department of Agriculture (USDA)
Farm Service Agency (FSA) State Executive Director, Scott Halpin
reminds foreign investors with an interest in agricultural land in
the United States that they are required to report their land
holdings and transactions to USDA.
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The
Agricultural Foreign Investment Disclosure Act (AFIDA) requires
foreign investors who buy, sell or hold an interest in U.S.
agricultural land to report their holdings and transactions to
the USDA. Foreign investors must file AFIDA Report Form FSA-153
with the FSA county office in the county where the land is
located. Large or complex filings may be handled by AFIDA
headquarters staff in Washington, D.C.
According to CFR Title 7 Part 781, any foreign person who holds
an interest in U.S. agricultural land is required to report
their holdings no later than 90 days after the date of the
transaction.
Foreign investors should report holdings of agricultural land
totaling 10 acres or more used for farming, ranching or timber
production, and leaseholds on agricultural land of 10 or more
years. Tracts totaling 10 acres or less in the aggregate, and
which produce annual gross receipts in excess of $1,000 from the
sale of farm, ranch, forestry or timber products, must also be
reported. AFIDA reports are also required when there are changes
in land use, such as from agricultural to nonagricultural use.
Foreign investors must also file a report when there is a change
in the status of ownership.
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The information from AFIDA reports is used to prepare
an annual report to Congress. These annual reports to Congress, as
well as more information, are available on the
FSA AFIDA webpage.
Assistance in completing the FSA-153 report may be obtained from
your local County FSA office. For more information regarding AFIDA
or FSA programs, contact your local County FSA office or visit
farmers.gov.
[Illinois / USDA - FPAC
Farm Service Agency]
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