FSA requires foreign persons to report acquired or transferred U.S. agricultural land under the AFIDA. The collection of the information is utilized in the preparation of reports to Congress and monitor investment.
US Code:
7 USC 3501-3508
Name of Law: Agricultural Foreign Investment Disclosure Act Report
The number of respondents and responses increased by 2,250, and the burden hours increased by 1,063. The increase is because more foreign persons acquired or transferred an interest in U.S. agricultural land than in prior years and must comply with AFIDA reporting requirements.
On behalf of this Federal agency, I certify that the collection of information encompassed by this request complies with 5 CFR 1320.9 and the related provisions of 5 CFR 1320.8(b)(3).
The following is a summary of the topics, regarding the proposed collection of information, that the certification covers:
(i) Why the information is being collected;
(ii) Use of information;
(iii) Burden estimate;
(iv) Nature of response (voluntary, required for a benefit, or mandatory);
(v) Nature and extent of confidentiality; and
(vi) Need to display currently valid OMB control number;
If you are unable to certify compliance with any of these provisions, identify the item by leaving the box unchecked and explain the reason in the Supporting Statement.