Missouri Senate Bills would ban foreign purchase of farmland

A trio of Missouri Senate bills to limit foreign ownership of farmland is getting pushback.
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A trio of Missouri Senate bills to limit foreign ownership of farmland is getting pushback.

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Representatives from both the Missouri Chamber of Commerce and Association of Realtors told a Senate committee Monday the government should not be deciding who can or cannot buy property.

One bill cuts foreign farmland ownership from 1% to half a percent of all lands.

Another would ban ownership by individuals from China, North Korea, Russia, Iran and Venezuela. A third bans new ownership by foreign entities starting next year.

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