Missouri Moves to Tighten Reins On Foreign Land Ownership

The Missouri Senate on Wednesday backed a plan to amend the state’s foreign land ownership threshold. The bill also includes a provision that would limit foreign countries from acquiring farmland in Missouri by Sept. 1.

The Office of Investment Security proposed a rule on Friday that would require foreign entities to garner U.S. government approval before they are able to purchase land within 100 miles of eight military bases.
The Office of Investment Security proposed a rule on Friday that would require foreign entities to garner U.S. government approval before they are able to purchase land within 100 miles of eight military bases.
(Farm Journal, Lindsey Pound)

Months after a Chinese company, Fufeng Group, was granted approval for a North Dakota land purchase in close proximity to a U.S. military base, foreign land ownership concerns are being raised on a local and national level.

The purchase set off alarms for other U.S. states to create legislative roadblocks for foreign land ownership within their borders. Missouri is the latest state to initiate the policy change.


Related story: China’s Latest Land Purchase Could Pose Major U.S. Security Risk


The Missouri Senate on Wednesday backed a plan to amend the state’s foreign land ownership threshold from 1% to 0.5%. The bill also includes a provision that would limit foreign countries—including China, Russia, Iran and North Korea—from acquiring farmland in Missouri by Sept. 1.

“We’re not going to allow for foreign ownership in the state of Missouri,” said Sen. Rick Brattin (R-31). “We have to draw a line in the sand today. It protects our sovereignty as a nation.”

While the vote passed 31-3, the bill’s opposers felt the legislation would breach property owner’s rights.

“I’m just a little lost here today as to how we have transformed this conversation of foreign entities owning our properties into the removal of individual rights,” said Lincoln Hough, (R-30). “I don’t want to disenfranchise property owners.”


Related story: Out-of-Country Farmland Investors: Here’s What The Numbers Show


Brattain offered a rebuttal, saying Hough is only looking to “muddy the waters.”

The bill comes following a 2013 measure that allowed Smithfield Foods—a Chinese-owned company—to own property in Missouri.

According to the Missouri Department of Ag, foreign land ownership in Missouri measures out to 0.36%, just shy of the 0.5% proposed limit. Of all of Missouri land, the department finds China owns roughly 42,596.

AgWeb-Logo crop
Related Stories
Corn futures ended 8 to 9 cents higher on Friday on the heels of the sharply higher wheat market and friendly numbers in the July WASDE.
Corn and soybeans were lower on Thursday seeing further consolidation after hitting chart resistance and with the WASDE on Friday.
Grain markets were lower on Wednesday and to start Thursday, seeing profit taking after hitting key chart resistance and with cooler, wetter extended weather forecast for the Midwest. That’s according to Randy Martinson with Martinson Ag.
Read Next
The farm economy is at a crossroads. High costs and negative margins are driving record government payments, but economists say innovation, lower costs and new demand are key to restoring profitability.
Get News Daily
Get Market Alerts
Get News & Markets App