U.S. Farmland for sale; Foreign entities own 40 million acres with China owning 347,000 acres

China-owns-US-farmland-map

Important Takeaways:

  • The upcoming House Farm Bill will contain measures to restrict foreign entities like China from scooping up American farmland in a big win for national security, a Republican who helped secure the provisions told DailyMail.com.
  • Foreign entities own a total of 40 million acres of U.S. farmland and China has bought up nearly 347,000 acres, according to the U.S. Department of Agriculture (USDA).
  • Now lawmakers are working to further restrict China and other adversaries from snatching up coveted land in the fiscal year 2024 ‘Farm Bill.’
  • The Chinese land purchases near important U.S. military instillations have been a particular concern for lawmakers and government officials.
  • In 2022, for example, the China-based food producer, Fufeng Group, acquired 300 acres of land in Grand Forks, just 20 minutes down the road from the Grand Forks Air Force Base, where some of the nation’s most sensitive drone technology is based.
  • Chairman of the committee, Glenn Thompson, R-Pa., celebrated the bill’s passage through committee with bipartisan support, saying in a statement last week, ‘Great things can be accomplished when you don’t surround yourself with redlines, and I am eager to continue our work with whomever wants to come to the table.’
  • Hinson also celebrated the bill’s committee approval.
  • ‘I was proud to work with Chairman Thompson to ensure initiatives to reshore our food supply chain and prevent Communist China from buying our land were included in the House Farm Bill.’
  • ‘Food security is national security, and this Farm Bill bolsters both.’

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