Senate-Elect Hopes To Prevent Foreign Missouri Farmland Ownership
December 28, 2022 5:31AM CST
(MISSOURINET) – Foreign ownership of Missouri farmland became an issue nearly 10 years ago when a Chinese corporation bought out Smithfield Foods, the largest pig and pork producer in the world. Senate-elect Rusty Black of Chillicothe (chill-uh-coth-EE) looks to get rid of the 1% total foreign ownership…
He has pre-filed a bill that intends on getting rid of the 1%, adding a foreign corporation should own 0% of land used for production in Missouri. Black says this is the third time he has pre-filed this bill in the Missouri State Legislature.