Argentina legislative restrictions foreigners buy the land

Argentina's parliament 22 through the limit foreigners buy land bill, to be the law goes into effect. Future foreign organizations and individuals in the cultivated land can't buy o more than 15% of the area of the country's agricultural land.
Unified management of agricultural land
Argentina on the day the senate with 62 votes in support, 1 ticket of the NFL Hats results through the against the legislation. The house of representatives has passed by Argentina the bill, so in the senate becomes the law goes into effect.
According to the bill, foreign organizations and individuals in Argentina no more than the country's arable land purchase of agricultural land area of 15%, and every country buyers to purchase land can't allow foreigners to buy land more than 30% of the total. This means that the same polarized sunglasses countries in Argentina of cultivated land purchase investors cannot exceed 4.5% of the total agricultural land, which can effectively avoid the cultivated land from Argentina on a few countries investors control.
In addition, the law every foreign legal person or the natural person in Argentina to buy land can no more than 1000 hectares; With large amount of water resource of the land will not be sold to foreigners; Foreigners in Argentina purchase land will no longer be as investment behavior.
Argentina will to the national land property rights to register and to find out how many current land master in the foreign hands. Will also establish propping up a cross functional agricultural land management committee, is responsible to the national agricultural cultivated land for unified management.
As the world o granary
In recent years, the global food problem situation complex, food prices reached record high, land resources are also increasingly highlights the importance of worldwide, the purchase of a new round of land boom is in the ascendant, this causes the Argentine government worries and upset.
Argentina is the world's leading agricultural country, vast fertile land, and was known as "the granary of the world and RouKu". According to not complete count, Argentina farming land area in about 200 million ha, 72% of the total land area, and the quality of cultivated land is very high.
According to the United Nations food and agriculture organization published reports, South America land degradation rate is only parts of Asia and Europe average level of the half.
In the 1990 s, the Argentine government to speed up the privatization, foreign investors looking in Argentina have bought a lot of land.
According to Argentina "thinking foundation", figures released by the foreigners in Argentina has now 5.8 million hectares of land. And Argentina's agricultural federation is that foreigners in Argentina have land area as high as 17 million hectares, the national agriculture accounts for about 8% of the area of land.
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