Arnold & Porter·REGULATORY / GOVERNMENT
USDA Proposes AFIDA Overhaul Expanding Foreign Owner Reporting to Control-Based Test
Entities with foreign involvement that hold or invest in U.S. agricultural land, and their legal advisors, must assess the proposed USDA rule, which would expand AFIDA reporting requirements to foreign persons with decision-making authority over the land or its holding entity even if they hold no equity interest.
In June 2026, USDA published a proposed rule to overhaul the Agricultural Foreign Investment Disclosure Act (AFIDA), which governs foreign person reporting for U.S. agricultural land transactions. The rule would replace AFIDA’s existing equity-only
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Read the original firm alert →Thursday, July 16, 2026