Foreign Landowners Must Report Holdings
March 6, 2019
Brad Fraass, Cheyenne County Executive Director for the Farm Service Agency, reminds foreign investors who buy, sell, or hold a direct or indirect interest in agricultural lands in the United States that they are required under the Agricultural Foreign Investment Disclosure Act to report their holdings and transactions to the US Secretary of Agriculture.
The Secretary of Agriculture has delegated the responsibility for collecting this information to the Farm Service Agency.
According to Fraass, foreign investors buying or selling land must report such transaction within 90 days of the date...