Iowa Governor Kim Reynolds signed a new law regarding regulations on foreign ownership of farmland in the state. The law aims to increase reporting requirements and impose harsher penalties for violations related to foreign ownership of agricultural land. Reynolds and supporters argue that Iowa’s strong laws restricting foreign farmland ownership are crucial for protecting American agriculture.

The law introduces stricter reporting requirements for foreign-owned agricultural land and imposes heavier penalties for violations. Foreign landowners must provide detailed information about their landholdings in other states exceeding 250 acres. Failure to report holdings every two years could result in fines of up to $10,000 per violation. Additionally, failure to disclose leases or purchases of farmland by foreign entities could lead to fines of up to 25% of the property’s value per violation.

The law grants the state attorney general enhanced oversight powers, including the ability to subpoena financial records and land purchase agreements from foreign landowners.

Read more on Iowa’s new law here.