FSA: Foreign investors must report U.S. agricultural land holdings
FSA: Foreign investors must report U.S. agricultural land holdings The Maryville Forum
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Foreign Investors Required to Report Agricultural Land Holdings in the United States
The U.S. Department of Agriculture Farm Service Agency Executive Director, Eric Redden, in Worth County, Missouri, is reminding foreign investors with an interest in agricultural land in the United States about their obligation to report their land holdings and transactions to the USDA.
The Agricultural Foreign Investment Disclosure Act (AFIDA) mandates that foreign investors who buy, sell, or hold an interest in U.S. agricultural land must disclose their holdings and transactions to the USDA.
Penalties for Non-Compliance
Failure to file a report or submitting a late or inaccurate report can result in penalties, including fines of up to 25 percent of the fair market value of the agricultural land, as stated by Redden.
Assistance and Contact Information
Foreign investors can seek assistance in completing the FSA153 report from their local Farm Service Agency (FSA) office. For more information about AFIDA or FSA programs, please contact the Worth County FSA office at 660-564-3341 or visit the official USDA website at fsa.usda.gov.
SDGs, Targets, and Indicators
1. Which SDGs are addressed or connected to the issues highlighted in the article?
- SDG 2: Zero Hunger
- SDG 15: Life on Land
The article discusses the requirement for foreign investors with an interest in agricultural land in the United States to report their holdings and transactions to the USDA. This is connected to SDG 2, which aims to end hunger, achieve food security, improve nutrition, and promote sustainable agriculture. By monitoring foreign investments in agricultural land, the government can ensure that sustainable agricultural practices are being followed and that food security is not compromised.
The article is also connected to SDG 15, which focuses on protecting, restoring, and promoting sustainable use of terrestrial ecosystems. Monitoring land holdings and transactions helps prevent land degradation and ensures the sustainable use of agricultural land.
2. What specific targets under those SDGs can be identified based on the article’s content?
- Target 2.3: By 2030, double the agricultural productivity and incomes of small-scale food producers, in particular women, indigenous peoples, family farmers, pastoralists, and fishers.
- Target 15.1: By 2020, ensure the conservation, restoration, and sustainable use of terrestrial and inland freshwater ecosystems and their services.
The requirement for foreign investors to report their agricultural land holdings and transactions contributes to achieving Target 2.3 by ensuring transparency and accountability in agricultural practices. This helps protect the interests of small-scale food producers and promotes equitable income distribution.
Monitoring land holdings and transactions also contributes to achieving Target 15.1 by preventing land degradation and promoting the sustainable use of terrestrial ecosystems.
3. Are there any indicators mentioned or implied in the article that can be used to measure progress towards the identified targets?
Yes, the article mentions the requirement for foreign investors to report their land holdings and transactions to the USDA. This reporting can be considered as an indicator of progress towards the identified targets. The number of reports received and the accuracy of the information provided can be used to measure progress in achieving transparency, accountability, and sustainable agricultural practices.
Table: SDGs, Targets, and Indicators
| SDGs | Targets | Indicators |
|---|---|---|
| SDG 2: Zero Hunger | Target 2.3: By 2030, double the agricultural productivity and incomes of small-scale food producers, in particular women, indigenous peoples, family farmers, pastoralists, and fishers. | Number of reports received from foreign investors on agricultural land holdings and transactions. |
| SDG 15: Life on Land | Target 15.1: By 2020, ensure the conservation, restoration, and sustainable use of terrestrial and inland freshwater ecosystems and their services. | Accuracy of information provided in the reports on land holdings and transactions. |
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Fuente: maryvilleforum.com
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