By Andi Anderson
In response to the 8% surge in U.S. farm acre ownership by foreign entities in 2022, Illinois State Senator Sally Turner has proposed SB2668. This bill, titled 'Protecting Our Farmland Act,' seeks to alleviate concerns among local farmers about potential price inflation and threats to national security.
The legislation prohibits non-citizens from hostile nations from purchasing Illinois farmland, introducing penalties of up to two years in prison and/or a $15,000 fine for violations. The bill also establishes an Office of Agricultural Intelligence within the Illinois Department of Agriculture to monitor land acquisitions.
While 24 states have similar laws, Turner emphasizes the need for state-level oversight, as the federal government struggles to process and track foreign-owned agricultural entities effectively. The bill distinguishes between non-citizens and Illinois residents, focusing on preserving the state's agricultural backbone.
Turner reassures that the proposed legislation doesn't impact projects like Gotion, a Chinese electric vehicle battery maker, as it pertains to municipal land. However, the senator underscores the importance of safeguarding agricultural resources for the well-being of Illinois' economy and national security.
As the agricultural industry remains vital to the state's prosperity, Turner emphasizes the necessity of decisive action to ensure sustainability in the face of foreign investments and potential threats.
Photo Credit: istock-alenamozhjer
Categories: Illinois, Business, Crops, Government & Policy, Rural Lifestyle