SB 1176: Agricultural land: prohibited foreign actors.

The proposed law would prohibit foreign actors from purchasing or acquiring agricultural land in California. Agricultural land refers to any land used for farming or livestock production. The law would not apply to land already owned by foreign actors before January 1, 2027. If a foreign actor were to buy or lease agricultural land after this date, they would be required to divest themselves of ownership. This means the land would be sold or transferred to a new owner who is not a foreign actor.