Revises compliance requirements for foreign ownership limits on agricultural land in South Dakota.

This bill amends South Dakota's compliance requirements for limitations on foreign ownership of agricultural land. It mandates that certain reports be filed with the Department of Agriculture and Natural Resources. It imposes civil penalties for non-compliance, including forfeiture of land and termination of leases or easements held by prohibited entities. It also sets a limit of 160 acres for foreign entities, excluding those acquired by devise or inheritance, and those held as security for indebtedness.

Revises compliance requirements for foreign ownership limits on agricultural land in South Dakota.

This bill amends South Dakota's compliance requirements for limitations on foreign ownership of agricultural land. It mandates that certain reports be filed with the Department of Agriculture and Natural Resources. It imposes civil penalties for non-compliance, including forfeiture of land and termination of leases or easements held by prohibited entities. It also sets a limit of 160 acres for foreign entities, excluding those acquired by devise or inheritance, and those held as security for indebtedness.