Foreign investors who buy, sell or hold a direct or indirect interest in U.S. agricultural land must report their holdings and transactions to the U.S. Secretary of Agriculture. Failure to timely file an accurate report can result in a penalty with fines up to 25 percent of the fair market value of the agricultural land.
Foreign persons who are buying or selling land must report the transaction within 90 days of the date of the transaction.
Who must report:
What to report:
USDA designated the Farm Service Agency to collect Agricultural Foreign Investment Disclosure Act report forms. Individuals wanting to obtain a report form (FSA-153) may do so from any Farm Service Agency County office. The (FSA-153) is available in both English and Spanish translations. You can also go online and download the form at http://forms.sc.egov.usda.gov/efcommon/eFileServices/Forms/FSA0153_010524V02.pdf.
Although interested parties may obtain a report form from any county office, the completed form must be returned to the Farm Service Agency county office where the land or where the programs are administered.
Foreign investors should contact your local Farm Service Agency if this pertains to you.
To locate the Farm Service Agency county office, you can look in the telephone book white pages or go online to www.fsa.usda.gov/oh and then click on the “County Offices” link. Then click on the county where the land is located.
For additional information on foreign investors, contact your local Farm Service Agency office.
That’s all for now,