Terms used in this chapter mean:
(1) "Agricultural land," land capable of being used in the production of:
(a) Agricultural crops;
(b) Fruit and other horticultural products;
(c) Livestock or livestock products;
(d) Milk or dairy products;
(e) Poultry or poultry products; or
(f) Timber;
(2) “Foreign entity,” any organization that:
(a) Is registered outside of the United States or its territories; or
(b) Has more than ten percent ownership by a foreign government, foreign person, or any combination thereof. However, this permissive threshold does not apply to a prohibited entity;
(3) “Foreign government,” a government or state-controlled enterprise of a government, other than the United States, its states, its territories, or its federally recognized Indian tribes;
(4) “Foreign person,” a natural person who is not a United States citizen or a resident;
(5) “Prohibited entity,” a foreign entity from, foreign government from, or foreign person from:
(a) The People’s Republic of China;
(b) The Republic of Cuba;
(c) The Islamic Republic of Iran;
(d) The Democratic People's Republic of Korea;
(e) The Russian Federation; or
(f) The Bolivarian Republic of Venezuela; and
(6) “Resident”, any individual who is a legal resident of this state, of another state or territory of the United States, or of the District of Columbia, and makes no claim of residency in a foreign country.