Senate acts on foreign farmland owners^
WASHINGTON, D.C. - The bill would require all annually thereafter.
Legislation that would foreign investors - in
require full public disclosure dividuals, corporate and
of foreign ownership of U.S. government -to submit a
farmland was approved full and complete report to
recently by the Senate the Secretary of Agriculture
Committee on Agriculture, of all existing ownership and
Nutrition, and Forestry. future purchases of U.S.
Senator Herman E. agricultural land-including
Talmadge of Georgia, cropland, rangeland and
committee chairman and a timberland.
sponsor of the bill,-said the At Talmadge’s request,
legislation is an “interim the General Accounting
step” in his committee’s Office (GAO) conducted a
current, broadbased study of preliminary study of foreign
the extent and impact of farmland ownership earlier
foreign ownership of this year. That study con-
American farmland. firmed extensive land
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purchases by foreigners in
some areas of the country,
but cited a lack of reliable
information and a system for
obtaining such data for its
inconclusive and tentative
findings.
The bill approved by the
Committee is designed to
provide the machinery to
obtain 4he lacking in
formation. It would establish
within the Department of
Agriculture a new system
for registering and reporting
foreign ownership of
agricultural lands. Foreign
owners would be required to
report within 180 days of the
effective date of the
proposed law (October 1,
1978) all existing land
holdings, location and size of
the holdings, purchase price
and full identity of the owner
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or owners. The same in
formation would be required
within 30 days of future
farmland purchases by
foreigners.
In addition to outright land
ownership, the bill would
apply to options and con
tracts to purchase land and
land leases of five years or
longer.
The bill would require
periodic assessments by the
Secretary of Agriculture of
trends in foreign farmland
ownership and the affects on
the American agricultural
system, the Nation’s
economy, and relations with
other countries. An initial
report would be made to the
President and Congress
within ten months after
RftNfifltttiltN INFILTRATES THE EVERYDAY
HOUSEHOLD PLUMBING
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Lancaster Farming, Saturday, August 2§, 1978
Foreign investors who
violate reporting
requirements would be
subject to penalties of up to
Livestock dealer
WASHINGTON, D.C. -
Willard C. Dinger, a
livestock dealer and former
operator of Showalter’s
Livestock Exchange at
Duncansville, Pa., has been
suspended by the U.S.
Department of Agriculture
for 90 days for violating
financial and payment
requirements of the Packers
and Stockyards (P&S) Act.
He has also been placed
under a cease and desist
order. USDA packers and
stockyards officials said that
Dinger is not operating at
this time.
Dinger is registered with
USDA as a market agency
and dealer to buy and sell
livestock. He formerly
purchased livestock in the
Altoona area of Penn
sylvania, Maryland,
Virginia, and West Virginia.
Administrative Law Judge
Dorothes A. Baker
suspended Dinger’s
registration for 90 days,
starting July 27.
Judge Baker also ordered
Dmger to cease and desist
from issuing insufficient
funds checks or drafts in
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one-fourth of the fair market
value of their land.
The bill would have an
initial life of three years,
expiring on September 30,
1981 unless extended by
Congress.
suspended
payment-for livestock; and
failing to pay, when due, the
full purchase price of
livestock.
The cease and desist or
der, like a permanent in
jection, was issued to insure
Mr. Dinger’s future com
pliance with the P4S Act. He
consented to the order and
waived oral hearing. He
neither admitted nor denied
the USDA charges filed
against him.
Dealers and market
agencies are required under
the P&S Act to pay promptly
for livestock, unless credit
has been arranged in ad
vance.
The U.S. Department of
Transportation’s Federal
Railroad Administration
predicts that 14.8 million
people will ride the upgraded
Northeast Railroad Corridor
when the project is complete
around 1981. This is an in
crease of 53 per cent over the
1977 ndership along the
corridor.
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HOURS:
MON. thru FRi.
10 to 5
SATURDAY
8 to 12
35