China land-buying push targets U.S. agriculture, farm acreage
The commission report, citing Agricultural Department annual reports, said Chinese purchases “surged” from 13,720 acres in 2010 to 352,140 acres in 2020, mainly from theThe China commission report says the Chinese are buying cropland, some pasture land and a category called “other land,” generally defined as swamps, marshes, bare rock and wetlands with water running through it.
“The committee has a right to refuse the transaction being considered, but it rarely conducts oversight post hoc,” the report said.Rep. Elise Stefanik, New York Republican, has sponsored the Promoting Agriculture Safeguards and Security Act, which would ban, Russia, Iran and North Korea from buying U.S. agriculture companies and designate agriculture and agriculture-related biotechnology as critical infrastructure.
In the Senate, Sen. Jon Tester, Montana Democrat, and Sen. Mike Rounds, South Dakota Republican, have introduced a bill to blockSen. Ted Cruz of Texas and three other Republican senators have introduced a bill that would blockDavid Day, chairman of the Global Risk Mitigation Foundation in Hawaii, said the definition of national security should be expanded to include food security and must go beyond protecting farmland near military bases.
“More wealthy Chinese buyers are finding everything they’re looking for in the tony towns of the Peninsula,” the newsletter reported on March 23.cut the ability of wealthy Chinese to buy properties in the U.S. by restricting the amount of yuan, the Chinese currency, that can be converted into dollars.
Canada Latest News, Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Thanks to Jimmy Carter, America’s courts look more like AmericaWhile President Carter was limited to just one four-year term, the legacy of his judicial nominees has stood the test of time. MsReads via thehill
Read more »
'Sweetheart' drug deals with China are a clear and present danger to America: Sen. HawleyChina's control over the global drug supply chain poses a national security threat as drug shortages continued to rise domestically, Sen. Josh Hawley says.
Read more »
How Did Disney End Up With One of the Best Wine Bars in America?Wine Bar George, located at Walt Disney World, has 140 wines by the glass, and an exhaustive selection of wines from Burgundy, Bordeaux, Napa Valley, and beyond.
Read more »
Essay | How Florida Became America’s GOP Hot SpotOnce the biggest battleground state in the U.S., Florida has morphed in recent years into the nerve center and idea laboratory for the Republican Party, home to growing legions of conservative activists, thought leaders and donors.
Read more »
Taiwan leader visits Central America in bid to solidify alliancesTsai Ing-wen's visit to Guatemala and Belize comes days after Honduras ditched Taiwan in favour of China, leaving the country with only 13 nations that diplomatically recognise it.
Read more »