Concerning ownership of agricultural real estate.

SB 5078 restricts certain foreign ownership of Washington agricultural, forest, and mineral land. Starting August 1, 2025, it prohibits nonresident aliens and foreign businesses (including those with Chinese government ties) from acquiring or holding more than 20% of a business entity owning such land. Exceptions include land inherited, acquired through debt collection (requiring disposal within three years), or held under treaty agreements, but it does not cover agricultural land tied to food processing facilities. The law directly affects foreign-owned agricultural land investments and business ownership structures.