WASHINGTON (KUMV) – Lawmakers in Washington are considering legislation aimed at banning the purchase of US farmland.
The Agricultural Safeguards and Security Promotion Act prohibits China, Russia, Iran and North Korea from buying any agricultural land or agricultural companies. The Secretary of Agriculture will also be added to the Committee on Foreign Investment in the United States. Senators Jon Tester (D-MT) and Mike Rounds (R-SD) introduced the bill.
“Those places don’t want to see us anymore. The last thing we need to do is let them buy up farmland that is critical to our food security and our national security,” Tester said.
Senators John Hoven (R-ND) and Kevin Cramer (R-ND) are co-sponsors of the bill.
A similar bill has been presented in the lower house of parliament.
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