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Foreign investors must report
Foreign investors who buy, sell or hold a direct or indirect interest in U.S. agricultural land are being reminded they need to report their holdings and transactions to the U.S. Secretary of Agriculture within 90 days of the date of the transaction. 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.
AFIDA forms are available at Farm Service Agency (FSA) County offices. The completed form must be returned to the FSA County office where the land or where the programs are administered.
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