May 23 -- The USDA Farm Service Agency invites comments to OMB by June 22, 2022 regarding the proposed extension of the Agricultural Foreign Investment Disclosure Act Report.
The regulation in the 7 CFR part 781.1-5, requires foreign investors who buy, sell, or hold a direct or indirect interest in U.S. agricultural land to report their holdings and transactions to FSA. The information collected from the AFIDA Reports is used to monitor the effect of foreign investment upon family farms and rural communities and in the preparation of a voluntary report to Congress and the President. Congress reviews the report and decides if regulatory action is necessary to limit the amount of foreign investment in U.S. agricultural land. If this information was not collected, FSA could not effectively monitor foreign investment and the impact of such holdings upon family farms and rural communities.
FSA Agricultural Foreign Investment Disclosure Act (AFIDA) webpage:
https://www.fsa.usda.gov/programs-and-services/economic-and-policy-analysis/afida/index
AFIDA report submission to OMB:
https://www.reginfo.gov/public/do/PRAViewICR?ref_nbr=202201-0560-001 Click IC List for data collection instruments, View Supporting Statement for technical documentation. Submit comments through this site.
FRN:
https://www.federalregister.gov/d/2022-10948
For AEA members wishing to submit comments to OMB, the AEA Committee on Economic Statistics offers "A Primer on How to Respond to Calls for Comment on Federal Data Collections" at
https://www.aeaweb.org/content/file?id=5806
