As of March 2021, no longer restricted. Previously, foreign investment in seeding and cultivation of a variety of crops, including rice, corn and soybean, in an area or more than 25Ha was limited to 49% of the equity capital. Foreign investment in the seeding and cultivation of vegetables and fruits was limited to 30%.
"APPENDIX III - REGULATION OF THE PRESIDENT OF THE REPUBLIC OF INDONESIA NUMBER 49 OF 2021 CONCERNING AMENDMENT TO PRESIDENTIAL REGULATION NUMBER 10 OF 2021 CONCERNING THE INVESTMENT BUSINESS SECTOR
LIST OF BUSINESS FIELDS WITH CERTAIN REQUIREMENTS
- Seeding/seedling business of staple food crops in an area of more than 25 Ha  [see 2019 restrictions below]: Open (without condition)
- Cultivation business of staple food crops in an area of more than 25 Ha [see 2019 restrictions below]: Open (without condition)
- Business with the same or exceeding a certain capacity [see 2019 restrictions below]: Open (without condition)[...]" (Presidential Regulation (PERPRES) No. 49 of 2021 Concerning Amendments to Presidential Regulation Number 10 of 2021 concerning Investment Business Fields [google translation])
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Previously: up to 2020
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"APPENDIX III - REGULATION OF THE PRESIDENT OF THE REPUBLIC OF INDONESIA NUMBER 44 YEAR 2016 CONCERNING LISTS OF BUSINESS FIELDS THAT ARE CLOSED TO AND BUSINESS FIELDS THAT ARE OPEN WITH CONDITION TO INVESTMENT - 
LIST OF BUSINESS FIELDS THAT ARE OPEN UNDER SPECIFIC CONDITIONS
A. Agricultural Sector
-Seeding/seedling business of staple food crops in an area of more than 25 Ha (rice, corn, soybean, Groundnut, Mung bean, other food crops, such as cassava and sweet potato): Foreign capital ownership: Max.49%
-Cultivation business of staple food crops in an area of more than 25 Ha (rice, corn, soybean, Groundnut, Mung bean, other food crops, such as cassava and sweet potato): Foreign capital ownership: Max.49%
-Business with the same or exceeding a certain capacity ([...] Annual fruit crop seeding, Grape seeding, Tropical fruits seeding, Citrus fruits seeding, Apples, pome and stone fruits seeding, Berries seeding, Annual vegetable seeding, Perennial vegetable seeding, Herbal medicinal plant seeding, Mushroom seeding, Floriculture crop seeding, Annual fruit cultivating, Grape cultivating, Tropical fruit cultivating, Citrus fruit cultivating, Apples, pome and stone fruit cultivating, Berries cultivating, Leafy vegetable cultivating (cabbages, mustard, scallion, celery), Root vegetable cultivating (red onion, garlic, potatoes, carrots), Fruit bearing vegetable cultivating (tomatoes, cucumbers), Chili pepper, paprika cultivating, Mushroom cultivating, Ornamental plant cultivating, Non-flower ornamental plant cultivating, Horticultural crop processing industry: fruits and vegetables postharvest business, Horticultural research business and horticultural quality control laboratory business, Horticultural agrotourism business, Horticultural post-harvest service business, Flower arrangement/florist/decorator business, Horticultural development consultant, Horticultural landscaping, Horticultural course services, Research and development on agricultural genetic resources science and engineering, Research and development on GMO (Genetically Modified Organism) product science and engineering (genetic engineering), Breeding and raising of pigs in a total of more than 125 pigs): Foreign capital ownership: Max.30%. [...]" (PRESIDENTIAL REGULATION OF THE REPUBLIC OF INDONESIA NUMBER 44 YEAR 2016 CONCERNING LISTS OF BUSINESS FIELDS THAT ARE CLOSED TO AND BUSINESS FIELDS THAT ARE OPEN WITH CONDITIONS TO INVESTMENT)
Presidential Regulation (PERPRES) No. 49 of 2021 Concerning Amendments to Presidential Regulation Number 10 of 2021 concerning Investment Business Fields [google translation]
PRESIDENTIAL REGULATION OF THE REPUBLIC OF INDONESIA NUMBER 44 YEAR 2016 CONCERNING LISTS OF BUSINESS FIELDS THAT ARE CLOSED TO AND BUSINESS FIELDS THAT ARE OPEN WITH CONDITIONS TO INVESTMENT
[<a href="https://peraturan.bpk.go.id/Home/Details/168534/perpres-no-49-tahun-2021">PR49</a>],[<a href="https://peraturan.bpk.go.id/Home/Details/161806/perpres-no-10-tahun-2021">PR10</a>],[<a href="https://peraturan.bpk.go.id/Home/Details/40374/perpres-no-44-tahun-2016">PR44</a>]