Changes the laws regarding the foreign ownership of real property

HB 993 limits foreign ownership of Missouri's agricultural land to 0.5% of the state's total agricultural acreage. It requires foreign owners or businesses to submit land purchases for review by the Agriculture Department and Attorney General at least 30 days before closing, and mandates reporting land usage changes every five years. The bill exempts land used for agricultural research (like seed testing or animal health studies) and prohibits purchases by entities tied to "foreign adversaries" as defined by federal law. This applies directly to foreign individuals, businesses, or entities seeking to acquire or hold agricultural land in Missouri.