Adds new Article 3, Prohibit Adversarial Foreign Government Acquisition of Certain Lands, providing as follows. Titles the act as the North Carolina Farmland and Military Protection Act. Sets out the act's purpose. Prohibits an adversarial foreign government from purchasing, acquiring, leasing, or holding an interest in (1) agricultural land or (2) land situated within a 25-mile radius of a military base, military installation, or military airport. Voids any land transfer in violation of this statute. Defines adversarial foreign government to mean a state-controlled enterprise (a business enterprise, however denominated, in which a foreign government possesses more than 50% of the ownership interest or less if an owner directs the business and affairs of the entity without the requirements or consent of any other party) or the government of a foreign nation that has received a designation under 15 C.F.R. § 7.4 (determination of foreign adversaries) from a determination by the US Secretary of Commerce that the entity has engaged in a long-term pattern or serious instances of conduct significantly adverse to US national security or security and safety of US persons. Also defines the terms agricultural land and interest.

Includes a severability clause.

Applies to interests in land acquired on or after January 1, 2024.