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Abstract
Introduction: On October 14th, a Federal Law, entitled The Agricultural Foreign Disclosure Act of 1978 (hereinafter referred to as the AFIDA), was enacted. It constitutes the first Federal regulation of investment by foreigners in United States real estate, and may, therefore, be a watershed. This essay sets forth: the law's substantive contents; the reasons for its enactment; the potential impact of the law on foreign investment, including the potential responses to the Act by foreign investors in U.S. farmland; and the potential uses of the information to be derived from the Act and prospects for additional action by the Federal and State Governments.