NEWS
Mo. May End Foreign Farm Owners Ban
Tue Jun 18, 2013 04:13 PM CDT

JEFFERSON CITY, Mo. (AP) -- Weeks before a Chinese conglomerate agreed to buy Smithfield Foods Inc. in the largest such takeover of a U.S. business, Missouri lawmakers quietly approved legislation removing a ban on foreign ownership of agricultural land.

The northern Missouri legislator whose amendments to a pair of larger bills helped push the plan through the Legislature and onto the desk of Gov. Jay Nixon said he wants to provide greater oversight of foreign ownership, which will be capped in Missouri at 1 percent and require state approval. The changes were approved on the final day of the legislative ...

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