Plank Discusses Foreign Ownership Bill
Democratic State Representative Adrian Plank of Columbia prefers the Senate’s version of legislation limiting foreign ownership of Missouri land.
Plank says this bill is important.
The Missouri House and Senate appear to be headed to the negotiating table on the bill. Currently, one percent of land can be owned by foreign entities. The House plan would reduce the percentage to a half percent and require any sale or transfer of land to be reported to the Attorney General or Secretary of State. The Missouri Senate added changes to the House bill that would completely ban a foreign entity from acquiring agriculture land in the state after August 28th. The House has rejected the Senate’s changes and has requested to find a compromise with the Senate.