A bill in the Wisconsin State Senate would tighten restrictions on foreign land ownership.
Farmer and Senator Rob Stafsholt from New Richmond tells Brownfield Senate Bill 348 would stop large future acquisitions of ag land by foreign buyers. “Right now, there already is a law that says how many that can be, and that’s 640 acres currently, but under this proposed bill that I have, it would drop it way down to 50.”
Stafsholt says when researching the issue, he thought foreign entities shouldn’t own any acres, but some agricultural stakeholders said that would create a different problem.
