Agricultural Foreign Investment Disclosure Act

Introduction

The Agricultural Foreign Investment Disclosure Act of 1978 (AFIDA) requires that foreign investors who acquire, transfer, or hold an interest in U.S. agricultural land report such holdings and transactions to the Secretary of Agriculture on Form FSA-153.[1] The underlying purpose of AFIDA was to create a nationwide system for collecting information pertaining to the foreign ownership of U.S. agricultural land. The information collected from these disclosures is used in preparing periodic reports to the President and Congress concerning the effect of such holdings upon family farms and rural communities.[2]

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