Sen. Booker Introduces Bill to Ban Corporations From Buying American Farmland
The Farmland for Farmers Act of 2026 is currently in the early stages of the legislative process. It was recently introduced in the Senate and sent to the Committee on Agriculture, Nutrition, and Forestry for review. No further actions are scheduled at this time.
While it has high-profile sponsors, the bill faces strong opposition from the financial sector and has not yet gained broad bipartisan support in a divided Congress.
Small farm-related businesses structured as legal entities face new compliance requirements. Those with 25 or fewer owners who are all actively engaged in farming qualify as "authorized legal entities" and can continue to own farmland. However, businesses with passive investors, absentee owners, or complex corporate structures would be barred from buying new farmland, even if they are relatively small operations.
“The shareholders, partners, members, or beneficial owners of the legal entity do not exceed 25.”
Read twice and referred to the Committee on Agriculture, Nutrition, and Forestry.
Sent to a congressional committee for expert review. The committee decides whether this bill moves forward.
Introduced in Senate
The bill was officially filed and given a number. It now enters the legislative queue.
No votes have been recorded for this legislation yet.
Senator Cory Booker reintroduced the Farmland for Farmers Act, which would limit corporate ownership of farmland in the United States. The bill aims to ensure farmland stays in the hands of working farmers rather than Wall Street investors and hedge funds.
The Farmland for Farmers Act of 2026 bars 'unauthorized legal entities' from directly or indirectly acquiring or holding ownership interests in agricultural land nationwide. The bill creates a narrow category of permitted owners who must be 'actively engaged in farming'.
Document Type
Congressional Bill
Official Title
Farmland for Farmers Act of 2026
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