Restricts all ownership of agricultural land in State by foreign governments and persons.

This bill (A5340) prohibits foreign governments and foreign persons from acquiring or owning agricultural land in New Jersey after its effective date, with limited exceptions. Current foreign owners must sell or transfer their land to domestic entities within five years, including attaching a deed requiring continued agricultural use. Exceptions allow ownership through debt collection processes (requiring sale within two years), inheritance, or security interests, while respecting applicable U.S. treaties. The bill mandates annual reports to the Governor and Legislature tracking foreign-owned farmland acreage, ownership trends, and land use purposes.