Missouri Pork Association Essay - 648 Words
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New Missouri Senate bill is the latest attempt to limit foreign ownership of farms
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The Missouri House passed HCS HB 527, giving final approval to critical legislation to safeguard and strengthen private property protections for Missouri’s family farms.
A news release says lawmakers passed the bill with a vote of 123-33, which will now move it to the Missouri Senate for consideration.
HCS HB 527 seeks specifically to prevent harmful abuses of private companies taking private land for private gain, and strengthens private property laws by ensuring merchant transmission lines do not get the power of eminent domain. This bill specifies that entities who seek approval for a merchant line must first provide the PSC with a resolution of support passed by the county commission in each county through which the merchant line will be built. The restriction does not apply to any rural electric cooperatives or any electrical corporation operating under a cooperative business plan.
Additional restrictions to foreign-owned farmland spark strong debate
JEFFERSON CITY Missouri lawmakers are debating how to limit and track the amount of foreign-owned farmland in the state.
Members of the Missouri House Agriculture Committee considered a bill Tuesday that would require county assessors to track foreign farmland holdings. It would also cap foreign ownership of farmland at the county level to no more than 1% of the total agricultural acreage in each county. Farmland currently owned by foreign entities will not be affected by this change.
State Rep. Don Rone, R-New Madrid, chairman of the committee and sponsor of the bill, said he is advocating for grain farmers in the Bootheel who anticipate anti-competitive market conditions due to a pending foreign acquisition of 17 grain elevators along the Mississippi River.