The Farm Service Agency (FSA) wants to remind foreign investors in agricultural land that they are required to report to their local FSA office per the Agricultural Foreign Investment Disclosure Act of 1978 (AFIDA). If applicable, you should contact your local FSA office as soon as possible.
By law, AFIDA requires any foreign person who acquires, transfers or holds any interest, other than a security interest, in agricultural land to submit a completed form, FSA-153, to the Secretary of Agriculture within 90 days following the date of acquisition or transfer. The form FSA-153 is available at local FSA offices as well as the FSA website www.fsa.usda.gov/ky/afida.
For AFIDA purposes, agricultural land is defined as any land used for farming, ranching, or timber production, if tracts total 10 acres or more.
If you are a business dealing with agricultural land, we encourage you to give a copy of this form to clients who are foreign persons owning, acquiring, or transferring agricultural land in the U.S. or its territories.
Any foreign person who does not submit this form or knowingly submits a report that is incomplete, misleading, or false is subject to civil penalty not more than 25 percent of the fair market value of the land on the date the penalty is assessed.
These forms will be analyzed by the USDA agency staff to develop reports to the President, Congress, and the agricultural department in each state. Please return completed forms to the local FSA office.