SB 292 – Changes the percentage of agricultural acreage that may be foreign owned

• Sponsor: Munzlinger
• LR Number: 1439S.01I
• Committee: Agriculture, Food Production and Outdoor Resources
• Last Action: 3/18/2015 - Hearing Conducted S Agriculture, Food Production and Outdoor Resources Committee
• Effective Date: August 28, 2015

Current Bill Summary

SB 292 - Currently, 1% of the total agricultural acreage in this state may be foreign owned. This act changes this to 1/2%. Additionally, this act allows aliens or foreign businesses to acquire an additional 20% of acreage above that currently owned.

This act is similar to SB 12 (2015), HB 698 (2015), HB 260 (2015), HB 1918 (2014), SS/SCS/HCS/HB 1326 (2014), and HCS/SB 506 (2014).

KAYLA CRIDER