US farmland is a vital national resource essential for food security, economic stability, and rural livelihoods. Allowing foreign entities, large corporations, and billionaires to buy up farmland poses several risks: it can drive up land prices, making it harder for genuine farmers to afford land; concentrate control over food production in the hands of a few, often profit-driven entities; and lead to export-focused production, potentially reducing food availability domestically. Protecting US farmland from foreign and corporate acquisition ensures that agriculture remains focused on feeding Americans and supporting local communities, helping to stabilize food prices and bolster rural economies.
Policy Proposal to Protect US Farmland
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Restriction on Ownership: Foreign entities, large corporations, and individuals with net assets exceeding $100 million will be prohibited from purchasing agricultural land in the United States. Existing owners who fall under these categories will be restricted from expanding their holdings.
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Farmers-Only Buyback Program: Government-subsidized loans and grants will be available to small and medium-sized farmers who wish to buy back farmland owned by foreign or corporate entities. This ensures land remains in the hands of genuine farmers, protecting the agricultural industry and food security.
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Lease-to-Own Opportunities for Young Farmers: To encourage the next generation of American farmers, a lease-to-own program will be established to help young farmers acquire land affordably over time, ensuring farmland remains productive and supporting sustainable growth in the agricultural sector.
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National Farmland Trust: A government-led trust will acquire farmland for preservation, with leases only offered to independent farmers who commit to sustainable practices. This trust would prioritize food security and local supply while protecting the environment and rural communities.
This policy safeguards US farmland from foreign and corporate control, ensuring it remains a resource that serves the American people and supports the long-term sustainability of the country’s agricultural sector.
