Gov. Noem Announces Plan to Restrict Foreign Purchases of Ag Land
December 14, 2022
December 14, 2022
PIERRE, South Dakota, Dec. 14 -- Gov. Kristi Noem, R-South Dakota, issued the following news release:
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.
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.