Missouri bans foreign adversaries from purchasing farmland near military facilities
Pointing to "China and other adversarial nations," Gov. Mike Parson announced on Tuesday a ban on the purchase of agricultural land in Missouri by citizens and businesses from six nations if the property lays within 10 miles of critical military facilities, such as Fort Leonard Wood and Whiteman Air Force Base. Missouri state law already limited foreign ownership to a maximum of 1 percent of its agricultural land.
House panel targets farmland sales to foreign adversaries
To protect U.S. farmland, the government would collect a 60-percent excise tax on purchases by foreign adversaries — citizens and companies from China, Russia, Iran, North Korea, Cuba and Venezuela — under legislation approved by the House Ways and Means Committee on Tuesday. The provision was wrapped into a broader package that would repeal many of the green energy incentives that were created by the climate, health and tax bill last summer.