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Menawhile, analysis from the Farm Service Agency of the USDA, Chinese investors owned 349,442 acres of US farmland as of December 31, 2022. Billionaire and Chinese Communist Party member Chen ...
China owned around 350,000 acres of farmland across 27 states as of last year, according to data from the U.S. Department of Agriculture. ... Senate Republicans launch effort to ban Chinese ...
Arkansas ordered Syngenta to sell 160 acres (65 hectares) of farmland in the U.S. state within two years on Tuesday because the company is Chinese-owned, drawing a sharp rebuke from the global ...
The acquisition of Smithfield's 146,000 acres of land made WH Group, headquartered in Luohe, Henan province, one of the largest overseas owners of American farmland. [ b ] Smithfield Foods began its growth in 1981 with the purchase of Gwaltney of Smithfield, [ 13 ] followed by the acquisition of nearly 40 companies between then and 2008, including:
Now, while Chinese holdings account for just 0.9% of total foreign-owned U.S. land and far less than what other countries like Canada and the U.K. own, lawmakers have concerns that China could ...
Historically, farmland has been owned by small property owners, but as of 2017 institutional investors, including foreign corporations, had been purchasing farmland. [73] In 2013 the largest producer of pork, Smithfield Foods , was bought by a company from China.
China's arable land, which represents 10% of the total arable land in the world, supports over 20% of the world's population. [26] Of this approximately 1.4 million square kilometers of arable land, only about 1.2% (116,580 square kilometers) permanently supports crops and 525,800 square kilometers are irrigated.
"The new reports indicate that a Chinese billionaire bought 200,000 acres of farmland in Oregon, making him the second biggest foreign owner of land in America. We didn't even know about it."