On December 13, 2022, South Dakota Governor Kristi Noem and legislators announced proposed legislation to restrict foreign purchases of agricultural land in South Dakota. The plan creates a new board, the Committee on Foreign Investment in the United States – South Dakota (CFIUS-SD), which will investigate proposed purchases of ag land by foreign interests and recommend either approval or denial to the Governor.
“For those of us who have lived and worked on the land, we know that it’s our past, but also our future,” said Senator Erin Tobin. “We grow the world’s food, and we need to protect the security of that food supply for our kids.”
If this is something you fear, please know that my family and I at Vacant Land Fam are not foreign entities, not a mega corporation, or mega billionaire looking to buy up all the land. We are simply your average American family in search of the American dream of making a decent living and owning a nice piece. or pieces, of land!