Important Takeaways:

• Indiana farmers raise national security fears as China buys up over 600 acres, as lawmakers try to ban purchases near military bases amid spying threat
• Indiana lawmakers propose a law banning certain land ownership by China
• Purchases near military bases or national guard armories would be barred
• 24 states have passed similar laws including Alabama, Idaho and Virginia
• The Indiana bill does not ban specific countries, but defers to the US Commerce Department’s list of adversaries, which currently includes China, Russia, Iran, North Korea, Venezuela and Cuba.
• At least 24 other US states have passed similar laws restriction certain forms of foreign land ownership.
• Federal data show that Chinese firms and investors own just over 383,934 acres in the US as of 2021, making it the 18th largest foreign investor.
• That’s far less than the land owned by the top foreign land owners: Canada, Netherlands, Italy, the UK and Germany.

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