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AGRICULTURAL FOREIGN INVESTMENT DISCLOSURE ACT
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CopyThe Agricultural Foreign Investment Disclosure Act (AFIDA) was enacted by Congress in October 1978, to establish a nationwide system to monitor foreign ownership, purchases, and sales of U.S. Agricultural land, according to Shirley A Stuewe, Chairperson of the Wabaunsee County FSA Committee.
The AFIDA directs the Secretary of Agriculture to obtain and analyze U. S. Agricultural land transactions involving foreigners and to determine the effects of such land holdings, purchases, or sales on family farms and rural communities," chairperson Stuewe said. "Also, the Secretary is further directed to furnish a report of this analysis and information to the President, Congress, and applicable state departments of agriculture," Stuewe continued. The Secretary of Agriculture has assigned the Farm Service Agency the responsibility to serve as a local source of contact to explain AFIDA requirements and to receive, review, and submit AFIDA reports.
Under provisions of the AFIDA, any foreign individual, or entity meeting the definition of foreign person under the Act, that held an interest in U.S. agricultural land as of February 1, 1979, or any time thereafter, must report such interest to the Secretary.
All county FSA offices maintain a supply of the required report document and are prepared to assist anyone having questions or needing information.
The address of the Wabaunsee County FSA Office is 103 E 6th St., Alma, KS 66401.
Copyright 2009 The Wabaunsee County Signal-Enterprise, Alma, Kansas. All Rights Reserved. This content, including derivations, may not be stored or distributed in any manner, disseminated, published, broadcast, rewritten or reproduced without express, written consent from SmallTownPapers, Inc.
© 2010 The Wabaunsee County Signal-Enterprise Alma, Kansas. All Rights Reserved. This content, including derivations, may not be stored or distributed in any manner, disseminated, published, broadcast, rewritten or reproduced without express, written consent from DAS.
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