The SOIL Act of 2025 increases oversight of foreign investments in U.S. agricultural land and real estate near military installations, particularly from countries posing national security risks.
James Lankford
Senator
OK
The Security and Oversight for International Landholdings Act of 2025 aims to increase oversight of foreign investments in U.S. agricultural land and real estate near military installations. It expands the types of transactions subject to review by the Committee on Foreign Investment in the United States (CFIUS), prohibits federal assistance to certain foreign-owned agricultural land, and broadens disclosure requirements for foreign agricultural land holdings. The Act also requires the Secretary of Agriculture to publish an annual report on foreign holdings of agricultural land in the U.S., with detailed analysis by country, state, county, and industry.
The Security and Oversight for International Landholdings Act of 2025, or SOIL Act, significantly ramps up federal scrutiny of foreign interests in U.S. land. It expands the authority of the Committee on Foreign Investment in the United States (CFIUS)—a government body that reviews the national security implications of foreign investments—to cover specific agricultural land deals and real estate transactions near military installations involving entities from certain countries.
So, what's changing on the ground? Under this Act, CFIUS review now kicks in for any interest (not just controlling ones, except securities) in agricultural land acquired by individuals or companies from nations tagged as 'nonmarket economies' (think countries like China under the Tariff Act of 1930) or flagged as a national security risk in the Director of National Intelligence's annual threat report (Section 2). The same review process applies to any real estate deals (excluding residential homes) within 50 miles of a military installation involving entities from those same designated countries (Section 3). If a company from a country on that DNI list wants to buy a farm or a commercial plot near a base, expect a federal review.
The SOIL Act also puts a hard stop on federal dollars flowing to certain foreign-owned agricultural operations (Section 4). If agricultural land is owned, even partially, by someone from one of those 'nonmarket economy' or DNI-listed 'national security risk' countries, federal agencies can't provide subsidies or assistance for activities on that property. This could mean no access to certain USDA loan programs or conservation subsidies for those specific landholdings, directly impacting the operating budget of affected farms.
Transparency is another major theme. The bill beefs up the Agricultural Foreign Investment Disclosure Act of 1978 (Section 5). Foreign entities will now need to report agricultural land leases longer than five years, not just purchases. Plus, the old rules often had minimum acreage requirements for reporting; this bill removes that minimum, meaning potentially smaller plots need disclosure if the Secretary of Agriculture requires it. To cap it off, the Secretary of Agriculture must publish a detailed annual report (Section 6) breaking down foreign ag-land holdings by country (specifically calling out China, Russia, and others), state, county, and how the land is being used. Expect more granular data on who owns what, where.