South Dakota has had a ban on foreign ownership of farmland for years. State Representative Will Mortenson is carrying a bill that would close one loophole to that law. “A South Dakota LLC, a South Dakota partnership or a South Dakota corporation could have entirely foreign owners and not only would we not know, it wouldn’t be illegal; that’s the loophole.” The South Dakota House Agriculture and Natural Resources Committee unanimously passed this bill with a ‘do pass’ recommendation.
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