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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 ...
The number of U.S. farm acres owned by foreign entities grew more than 8% in 2022, though the 43.4 million acres of foreign-owned forest and farm land is just 3.4% of the country's agricultural ...
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.
NPR Illinois says USDA data shows over 80% of Chinese-owned land is held by major meatpacker Smithfield Foods, and a billionaire named Sun Guangxin who purchased 100,000 acres in Texas for a wind ...
The organization now known as Growmark started in 1927 when nine of the local agricultural supply cooperatives in Illinois, which had started early in the 1920s, formed Illinois Farm Supply Company. In 1955, the company adopted the FS trademark, which has remained in use by its member cooperatives since then.
The Archer-Daniels-Midland Company, commonly known as ADM, is an American multinational food processing and commodities trading corporation founded in 1902 and headquartered in Chicago, Illinois. The company operates more than 270 plants and 420 crop procurement facilities worldwide, where cereal grains and oilseeds are processed into products ...
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Across the state, other Fortune 500 world headquarters based in Illinois include State Farm in Bloomington and John Deere in Moline. As of 2017, Illinois ranked fourth in the nation for the most Fortune 500 based companies with a total of 36. [8] For six consecutive years, Chicagoland was ranked the nation's top metropolitan area for corporate ...