Bans foreign ownership of agricultural or horticultural land and agricultural woodlands in State.

This bill prohibits foreign governments and foreign persons (including non-U.S. individuals and entities with foreign ownership) from acquiring new ownership of agricultural or horticultural land or agricultural woodlands in New Jersey after the bill's effective date. Existing foreign owners may retain their land for up to five years, after which they must sell it to a domestic entity (individual, trust, or business) with a deed requiring the land to remain in agricultural use. The bill also mandates annual reports from the State Agriculture Secretary tracking foreign ownership acreage, nationalities of owners, and land use patterns. These provisions aim to limit foreign control over agricultural land while allowing a transition period for current foreign owners.