“foreign investors now hold an interest in nearly 37.6 million acres of agricultural land in the U.S.—an area larger than the state of Iowa”
One of the most underreported stories in the media right now is the efforts of the Chinese Communist Party to buy large areas of land throughout the United States.
When it is mentioned, it’s usually brought up by someone trying to raise the alarm over the issue, which is understandable.
Republican senators Tommy Tuberville of Alabama and Tom Cotton of Arkansas are introducing a bill to stop this from going further.
Sarah Arnold reports at Townhall:
Republicans Introduce Bill to Prevent CCP From Buying American Land
Senator Tommy Tuberville (R-Ala) and Senator Tom Cotton (R-Ark.) introduced a bill that would prevent members of the Chinese Communist Party (CCP) from buying land in the U.S.
Securing America’s Land from Foreign Interference Act, is in response to a 2020 report issued by the U.S. Department of Agriculture suggesting that “foreign persons held an interest in nearly 37.6 million acres of U.S. agricultural land.”
“Approximately 14 states have some level of foreign ownership restriction, yet there are no federal restrictions on the amount of private U.S. agricultural land that can be owned,” according to the report.
The bill would also set penalties for foreign purchases that do not comply with federal reporting requirements.
The bill is only three pages long, and you can read it here.
Senator Cotton put out this press release:
Senators Tom Cotton (R-Arkansas) and Tommy Tuberville (R-Alabama) today introduced the Securing America’s Land from Foreign Interference Act to prohibit members of the Chinese Communist Party from purchasing any land in the United States. Text of the bill may be found here.
“Chinese investments in American farmland put our food security at risk and provide opportunities for Chinese espionage against our military bases and critical infrastructure. Instead of allowing these purchases, the U.S. government must bar the Communist Party from purchasing our land,” said Cotton.
“We cannot continue giving our top adversary a foot in the door to purchase land in the United States and undermine our national security,” said Tuberville. “I hope my colleagues will recognize the importance of our bill and join the effort to prohibit Chinese Communist Party involvement in America’s agriculture industry.”
• China’s agricultural investments in countries around the globe grew more than tenfold from 2009 to 2016. China’s Ministry of Agriculture claims the country had over 1,300 agricultural, forestry, and fisheries enterprises with registered overseas investments of $26 billion, at the end of 2016.
• Chinese investments in U.S. agricultural may provide the CCP with undue leverage over U.S. supply chains and access to sensitive information critical to U.S. national security.
• While Chinese entities held slightly less than one percent of all foreign-held acres in the U.S. in 2020, the volume of their holdings increased dramatically over the last decade. According to U.S. Department of Agriculture (USDA) reports, Chinese investors’ holdings of U.S. agricultural land surged from 13,720 acres in 2010 to 352,140 acres in 2020.
• The USDA’s most recent report on foreign landholding through December 31, 2020 shows foreign investors now hold an interest in nearly 37.6 million acres of agricultural land in the U.S.—an area larger than the state of Iowa.
Every member of the United States Senate should support this bill; if any members do not, I look forward to hearing them explain why.DONATE
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