Governor Kim Reynolds says Iowa officials need to close a loophole that could let foreign interests own Iowa farmland.
Reynolds is calling on the Iowa Secretary of State’s office to review land purchase documents, to see if foreign governments or individuals are involved in U-S based companies or trusts that have purchased farmland. Under current law, foreigners may own now more than 320 acres of Iowa farmland. Reynolds has proposed a bill that calls on the Iowa Secretary of State to compile a public report to show the extent of foreign ownership of farmland in Iowa.
Reynolds made her comments Thursday morning at the Iowa Renewable Fuels Summit.
