MONROE - Foreign investors who buy, sell or hold a direct or indirect interest in agricultural lands in the United States are required under the Agricultural Foreign Investment Disclosure Act to report their holdings and transactions to the U.S. Secretary of Agriculture.
The Agricultural Foreign Investment Disclosure Act requires any foreign person who acquires or transfers any interest other than security interest in agricultural land to report the transaction to FSA within 90 days of the sale or purchase.
The Secretary of Agriculture designated the Farm Service Agency to collect the reports which are to be submitted on form FSA-153, the Agricultural Foreign Investment Disclosure Act Report. The completed form must be filed at the FSA county office.
Failing to submit an accurate or timely FSA-153 could result in civil penalties of up to 25 percent of the fair market value of the property.
For the FSA-153 form, visit the Green County FSA office, 1627 4th Ave. West, or visit forms.sc.egov.usda.gov.
The Agricultural Foreign Investment Disclosure Act requires any foreign person who acquires or transfers any interest other than security interest in agricultural land to report the transaction to FSA within 90 days of the sale or purchase.
The Secretary of Agriculture designated the Farm Service Agency to collect the reports which are to be submitted on form FSA-153, the Agricultural Foreign Investment Disclosure Act Report. The completed form must be filed at the FSA county office.
Failing to submit an accurate or timely FSA-153 could result in civil penalties of up to 25 percent of the fair market value of the property.
For the FSA-153 form, visit the Green County FSA office, 1627 4th Ave. West, or visit forms.sc.egov.usda.gov.