Foreign investors must report U.S. agricultural land holdings

Foreign investors must report U.S. agricultural land holdings  Elkin Jonesville Tribune

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Apr 29, 2024 - 20:30
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Foreign investors must report U.S. agricultural land holdings

Foreign investors must report U.S. agricultural land holdings

U.S. Department of Agriculture (USDA) Farm Service Agency (FSA) Executive Director Reminds Foreign Investors to Report Agricultural Land Holdings

Introduction

The U.S. Department of Agriculture (USDA) Farm Service Agency (FSA) Executive Director, Pacer Sheets, in Yadkin County, emphasizes the importance of foreign investors reporting their agricultural land holdings and transactions to the USDA.

The Agricultural Foreign Investment Disclosure Act (AFIDA)

The Agricultural Foreign Investment Disclosure Act (AFIDA) requires foreign investors who have an interest in buying, selling, or holding U.S. agricultural land to report their activities to the USDA. To comply with AFIDA, foreign investors must submit AFIDA Report Form FSA-153 to the FSA county office where the land is located. In cases where the filings are large or complex, AFIDA headquarters staff in Washington, D.C. may handle them.

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SDGs, Targets, and Indicators

  1. SDG 2: Zero Hunger

    • Target 2.4: By 2030, ensure sustainable food production systems and implement resilient agricultural practices that increase productivity and production, that help maintain ecosystems, that strengthen capacity for adaptation to climate change, extreme weather, drought, flooding, and other disasters, and that progressively improve land and soil quality.
    • Indicator 2.4.1: Proportion of agricultural area under productive and sustainable agriculture.

  2. SDG 15: Life on Land

    • Target 15.3: By 2030, combat desertification, restore degraded land and soil, including land affected by desertification, drought, and floods, and strive to achieve a land degradation-neutral world.
    • Indicator 15.3.1: Proportion of land that is degraded over total land area.

Analysis

The article discusses the requirement for foreign investors in the United States who have an interest in agricultural land to report their holdings and transactions to the U.S. Department of Agriculture (USDA). This issue is connected to two Sustainable Development Goals (SDGs): Zero Hunger (SDG 2) and Life on Land (SDG 15).

SDG 2: Zero Hunger

The requirement for foreign investors to report their agricultural land holdings and transactions aligns with SDG 2’s target of ensuring sustainable food production systems and implementing resilient agricultural practices. By monitoring foreign investments in agricultural land, the USDA can assess the impact on food production systems and ensure that practices are sustainable and productive. The specific target relevant to this issue is Target 2.4.

SDG 15: Life on Land

The reporting requirement also relates to SDG 15’s target of combating desertification, restoring degraded land and soil, and achieving a land degradation-neutral world. By monitoring foreign investments in agricultural land, the USDA can identify any potential degradation or negative impacts on land and soil quality. The specific target relevant to this issue is Target 15.3.

The article does not explicitly mention any indicators related to these targets. However, two indicators can be implied based on the information provided:

  • Indicator 2.4.1: Proportion of agricultural area under productive and sustainable agriculture. This indicator can be used to measure progress towards ensuring sustainable food production systems and resilient agricultural practices.
  • Indicator 15.3.1: Proportion of land that is degraded over total land area. This indicator can be used to measure progress towards combating desertification, restoring degraded land, and achieving a land degradation-neutral world.

Table: SDGs, Targets, and Indicators

SDGs Targets Indicators
SDG 2: Zero Hunger Target 2.4: By 2030, ensure sustainable food production systems and implement resilient agricultural practices that increase productivity and production, that help maintain ecosystems, that strengthen capacity for adaptation to climate change, extreme weather, drought, flooding, and other disasters, and that progressively improve land and soil quality. Indicator 2.4.1: Proportion of agricultural area under productive and sustainable agriculture.
SDG 15: Life on Land Target 15.3: By 2030, combat desertification, restore degraded land and soil, including land affected by desertification, drought, and floods, and strive to achieve a land degradation-neutral world. Indicator 15.3.1: Proportion of land that is degraded over total land area.

Copyright: Dive into this article, curated with care by SDG Investors Inc. Our advanced AI technology searches through vast amounts of data to spotlight how we are all moving forward with the Sustainable Development Goals. While we own the rights to this content, we invite you to share it to help spread knowledge and spark action on the SDGs.

Fuente: elkintribune.com

 

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