Gov. Kristi Noem gets tough with Chinese farmland purchases

Revelations 6:3-4 “when he opened the second seal, I heard the second living creature say, “Come!” 4 And out came another horse, bright red. Its rider was permitted to take peace from the earth, so that people should slay one another, and he was given a great sword.

Important Takeaways:

  • South Dakota Gov. Kristi Noem calls for crackdown on Chinese farmland purchases
  • South Dakota Gov. Kristi Noem on Tuesday announced new legislation to crack down on foreign purchases of agricultural land in her state. The bill comes as the governor has aggressively moved to counter China, which she has called, “the greatest threat to the U.S.”
  • Noem’s proposed legislation would create a new board, called the Committee on Foreign Investment in the United States – South Dakota (CFIUS-SD), which will review proposed purchases of farmland by foreign investors. After an investigation, the committee will make a recommendation to the governor on whether the purchase should be approved or denied.
  • Data from the U.S. Department of Agriculture shows that Chinese ownership of U.S. agriculture land has grown from $81 million in 2010 to $1.8 billion in 2020, the Wall Street Journal reported in September.
  • Last week, Noem instructed state agencies to begin an immediate review of all state investments, looking for taxpayer dollars being sent to companies with ties to China.
  • Two weeks ago, the governor issued an executive order prohibiting state agencies or those who contract with them from accessing the China-owned social media app TikTok, accusing the Chinese Communist Party of using the app to collect data from users.

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