South Dakotans are being priced off the land that built them.
Billionaires, banks, and foreign governments are buying up thousands of acres—not to live on, not to farm, but to control, to hoard, and to speculate. Meanwhile, our young families can’t afford to build. Our farmers are crushed by corporate buyouts. Our native lands remain tied up in systems that were never meant to return them.
This isn’t a free market. This is a quiet occupation.
And the deeper truth is this: if you lose the land, you lose the people.
You lose the vote, the voice, the future.
A South Dakota where the land belongs to the people who live on it.
We could protect our soil for working families, tribal stewards, veterans, and new homesteaders—not Wall Street. We could expose who owns what, and why. We could break the back of absentee ownership and bring stewardship back to the local level—where land means life, not leverage.
We could create a new kind of prosperity—rooted in place, community, and care. A South Dakota where owning land means contributing to it—not flipping it for profit.
In South Dakota, we will not be tenants on our own soil. We will be stewards. And the land will serve the people—not the portfolio.
This Act shall be known as the "Land Sovereignty and Strategic Reclamation Act."
The Legislature finds that:
As used in this Act:
(1) No foreign entity, absentee owner, or non-resident corporation shall acquire new real property or leasehold interest exceeding 160 acres in the State of South Dakota after the enactment of this Act.
(2) Any attempted acquisition in violation of this section shall be deemed null and void ab initio. Title shall revert to the State Land Bank without compensation.
(1) All current land held in excess of 2,000 acres by any foreign entity or non-resident corporation shall be subject to a mandatory divestment timeline not to exceed 48 months from the effective date of this Act.
(2) Affected entities must file a divestment plan with the South Dakota Department of Land Management within 180 days.
(3) Failure to comply shall result in state reclamation proceedings and eminent domain under revised public benefit standards.
Entities may petition for exemption if they:
(a) Employ more than 50 full-time South Dakota residents on the land annually;
(b) Are headquartered and registered in South Dakota and have contributed consistent community or agricultural benefit;
(c) Are verified as fulfilling Indigenous tribal stewardship or intergovernmental land trust responsibilities.
Exemption decisions shall be subject to peer review and made public.
A centralized South Dakota Public Land Ledger shall be established to:
(1) The Attorney General of South Dakota is authorized to bring enforcement actions and initiate reclamation proceedings.
(2) Civil penalties for fraudulent ownership concealment or delayed divestment may include fines up to $50,000 per day and permanent loss of state contract eligibility.
If any provision of this Act is held invalid, the remaining sections shall remain in full force and effect.
This Act shall take effect upon passage and shall be codified under Title 43 of the South Dakota Codified Laws.