Protecting American Agriculture from Foreign Adversaries Act of 2024

This bill adds the Secretary of Agriculture to the Committee on Foreign Investment in the United States (CFIUS) for reviews involving agricultural land, agriculture biotechnology, or key agricultural sectors like transportation, storage, and processing. It requires the Agriculture Secretary to notify CFIUS about foreign transactions involving U.S. agricultural land that may threaten national security, especially when involving "foreign countries of concern" or "foreign entities of concern" as defined in the CHIPS Act. The law directly affects foreign entities seeking to purchase or transfer interests in U.S. farmland or agricultural assets, mandating additional national security reviews. This creates a formal process to assess potential risks to U.S. agricultural security before such deals proceed.