A new legislative bill, SB1364, introduced in the Illinois Senate on January 30, 2025, is stirring significant debate over foreign ownership of agricultural land in the state. The bill aims to restrict "prohibited foreign parties" from acquiring any interest in agricultural land, regardless of intended use, marking a bold move to safeguard local farming interests.

Key provisions of SB1364 include a strict prohibition on foreign entities from purchasing or holding agricultural land, with exceptions made for resident aliens who can acquire land under the same terms as U.S. citizens. However, if these resident aliens lose their status, they must divest their holdings within two years, or face legal action initiated by the Attorney General, potentially leading to judicial foreclosure of the land.

The bill has sparked discussions about national security and economic implications, as lawmakers express concerns over foreign influence in vital agricultural sectors. Proponents argue that the legislation is necessary to protect local farmers and ensure food security, while opponents warn it could deter foreign investment and harm the state's economy.

As the bill progresses through the legislative process, its potential impact on Illinois agriculture and foreign relations remains a focal point of contention. With strong opinions on both sides, SB1364 is poised to shape the future of agricultural land ownership in Illinois, reflecting broader national conversations about foreign investment and agricultural policy.