43-2A-2. Limitations on foreign ownership--Exceptions.The following provisions apply to the ownership or leasing of agricultural land in this state:(1)A prohibited entity may not own agricultural land in this state;(2)A prohibited entity may not lease or hold an easement on agricultural land in this state, unless:(a)The lease is exclusively for agricultural research purposes and encumbers no more than three hundred and twenty acres; or(b)The lease is exclusively for contract feeding of livestock, at an animal feeding operation, by a family farm unit, a family farm corporation, or an authorized farm corporation;(3)Excluding a prohibited entity, a foreign entity, foreign government, or foreign person may not own more than one hundred and sixty acres of agricultural land in this state, provided this limitation does not include:(a)Agricultural land acquired by devise or inheritance; or(b)Agricultural land held as security for indebtedness; and(4)Excluding a prohibited entity, there is no restriction on easements or the number of acres of agricultural land that a foreign entity, foreign government, or foreign person may lease.This section does not apply to a foreign entity, foreign no restriction on easements or the number of acres of agricultural land that a foreign entity, foreign government, or foreign person may lease.This section does not apply to a foreign entity, foreign government, or foreign person whose right to hold land is secured by treaty. Source: SL 1979, ch 291, §1; SL 2024, ch 176, §3.
South Dakota Legal Code