In efforts to rid China of its economic influence on the U.S. economy, lawmakers are pursuing measures to crack down on foreign purchases of American agricultural real estate
House lawmakers recently advanced legislation to achieve that goal, warning that China’s presence in the American food system presents a national security risk, Politico reports.
The debate over farmland real estate comes amid larger efforts by Congress to slow America’s economic reliance on China in key industries. Indeed, the push for restrictions on farm ownership has come from a wide range of politicians on both sides of the aisle, including Elizabeth Warren and former Vice President Mike Pence.
At the start of 2020, Chinese controlled about 192,000 acres of farmland in the U.S., totaling up to a whopping total of $1.9 billion.
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https://humanevents.com/2021/08/02/china-is-buying-up-american-farms-washington-wants-to-crack-down/
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