Ag Loan Balances Higher and California Bill Bans Foreign Agland Purchases

The California legislature passed a bill outlawing land sales to foreign countries to help protect the nation’s food supply.

Senator Melissa Hurtado says, recent reports have shown that a nation could get leverage by acquiring agricultural land and creating bioweapons that impact our food chain.

The bill would direct the state’s Ag Department to release annual reports on the amount of foreign farmland utilized, the type of usage, and “any legislative, regulatory, or administrative policy recommendations in light of the information from the annual report.”

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