Changes the laws regarding the foreign ownership of real property, with a penalty provision

HB 2277 establishes a one percent cap on total foreign ownership of Missouri's agricultural land by August 28, 2026. It requires foreign businesses and non-U.S. citizens to submit proposed purchases of agricultural land to the Missouri Department of Agriculture and Attorney General for review at least 30 days before closing, unless the buyer provides an IRS Form W-9. The Attorney General must approve or reject transactions within 30 days, with inaction deemed approval. Violations of the ownership cap trigger court-ordered sale of the land.