China’s government is systematically buying U.S. farmland as part of a strategy to meet soaring domestic demand and bolster an agricultural sector beset by decreasing arable land and polluted water.
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.
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