Subject: File No. SR-NYSE-2023-09
From: Terra Ochsner

The proposed rule regarding Natural Asset Companies should not only be reevaluated, but denied entirely. To start, Natural Asset Companies provide an open door for foreign entities to acquire U.S. land, despite the fact that 24 states currently have regulations that prohibit or limit foreign ag investment. Natural Asset Companies would not only violate states' rights, but provide a gateway for U.S. adversaries to infiltrate the U.S. on a variety of levels. Additionally, Natural Asset Companies look to monetize the unmonetizable and put the concept of "no use" on par with conservation. However, conservation is a multi-faceted tool that incorporates a variety of human management interventions (i.e. strategic livestock grazing) as a way to keep the land healthy and thriving. However, no use would allow lands to go fallow, which is of no benefit to those ecosystems. Finally, the fact that energy and production uses of the land are expressly prohibited just adds to the potentially crippling levels of energy insecurity our country is plummeting towards. As part of the ranching community, you won't find people more invested in the land and the wildlife. Healthy populations of wildlfie, like ungulates or the endangered Greater sage grouse, are actually indicative of a healthy range for our livestock, and is something that many producers are actively working towards every day. Natural Assets are dangers and are just one more step towards everything that makes this country free being snatched away. At what point are our public lands no longer public?