directory
Foreign persons must report holdings, transactions to Secretary of Agriculture
Jul 23, 2014 | 423 views | 0 0 comments | 0 0 recommendations | email to a friend | print
REFUGIO – Refugio/Goliad County USDA Farm Service Agency Executive Director Robert Garcia Jr. reminds foreign persons with an interest in agricultural lands in the United States that they are required to report their holdings and any transactions to the U.S. Secretary of Agriculture.

Foreign investors must file Agricultural Foreign Investment Disclosure Act reports with the FSA county office that maintains reports for the county where the land is located.

For AFIDA purposes, agricultural land is defined as any land used for farming, ranching or timber production, if the tracts total 10 acres or more.

Disclosure reports are also required when there are changes in land use. For example, reports are required when land use changes from nonagricultural to agricultural or from agricultural to nonagricultural. Foreign investors must also file a report when there is a change in the status of ownership such as the owner changes from foreign to non-foreign, from non-foreign to foreign or from foreign to foreign.

Data gained from these disclosures is used to prepare an annual report to the President and Congress concerning the effect of such holdings upon family farms and rural communities in the United States.

For more information regarding AFIDA and FSA programs, contact the Refugio/Goliad County FSA office at 361-526-2392 ext. 2 or visit the USDA website at http://www.usda.gov.
Comments
(0)
Comments-icon Post a Comment
No Comments Yet