New Jersey S723 restricts foreign governments and persons from owning agricultural land, with exceptions.
New Jersey S723 prohibits foreign governments and persons from acquiring agricultural land in the state, with limited exceptions. Existing foreign owners must sell their land within five years. Exceptions include acquiring land through legal processes like debt collection or foreclosure, which must be sold within two years. The bill also mandates annual reporting on foreign-owned agricultural land by the Secretary of Agriculture.
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- Overview
- Core Provisions
- Implementation
- Impact
- Legal Framework
- Critical Issues
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