Tag: farmland

Commentary: Voters Want China Out of American Farmland

Michigan Star Staff
China Farmland

Americans firmly reject the Chinese agenda of acquiring U.S. assets, especially vital strategic ones like American farmland. Battleground polling reveals that this issue provides an opportunity for patriotic populist candidates to protect the heartland, provide a stark contrast vs. the leftist big business globalists, and reap substantial political benefits in November’s elections.

Of course, Chinese companies and nationals buy substantial real estate across the board in America, not just farmland. According to National Association of Realtors data, China remains by far the largest source of foreign purchases of U.S. homes. Last year, the Chinese bought $13.6 billion in American homes, more than double the $6.1 billion they spent the year before.

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As Inflation Worries Investors, Wall Street Is Buying Up American Soil

Michigan Star Staff

Wall Street is moving to buy up U.S. farmland in hopes that it will be a safe bet to hedge against inflation and concerning economic conditions, according to Reuters.

Investment funds have accumulated over a million acres of farmland in the U.S., a small part of the 900 million acres in the U.S. but significant for the market when looking at the pace of acquisitions, according to Reuters. The move from investors is drawing the concern of some, including lawmakers, who see the quick constraint on supply as a barrier for the next generation of farmers who can’t buy at the elevated price.

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Committee Says Prospective Michigan Plant’s Farmland Purchase Not in Its Jurisdiction

The Center Square

Local and national efforts to stymie the building of an electric vehicle battery components plant in Michigan were dealt another setback on Tuesday.

The U.S. Committee on Foreign Investment declared that the purchase of farmland in Big Rapids by Gotion was not within its jurisdiction. Opponents of the $2.4 billion plant have protested ties by its parent company to China and raised concerns about the environment.

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States See Chinese Purchase of Farmland as a Threat to National Security

The Center Square

Several states have already banned or are considering banning foreign ownership of farmland from U.S. adversaries such as China, a trend that has its recent roots in North Dakota.

Chinese food manufacturer Fufeng Group purchased 370 acres of land for a corn milling plant in Grand Forks in November 2021.

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Chinese Nationals Have Bought Thousands of Acres of Strategically Located U.S. Farmland

Admin

Ownership of U.S. farmland by Chinese nationals has risen significantly in the last decade and amounted to 338,000 acres as of 2020, according to U.S. Agriculture Department data.

Since 2010, Chinese nationals have reportedly purchased an additional 75,000 acres of U.S. farmland, according to U.S. Agriculture Department data obtained by the WSJ. Although amounting to less than 1% of all U.S. agricultural land held by foreign citizens, ownership of U.S. farmland by Chinese nationals has received increased scrutiny in recent years following warnings from U.S. government officials claiming that the Chinese government may seek to use land for military and espionage purposes, according to the WSJ.

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House Republicans Request Government Watchdog Investigate Foreign Investments in American Farmland

Admin

More than 100 House Republicans are asking a government watchdog to probe foreign investments in U.S. farmland, including those by China, which they say may present national and food security concerns.

Led by Reps. Glenn Thompson of Pennsylvania and James Comer of Kentucky, the lawmakers on Saturday called on the Government Accountability Office (GAO) to study foreign farmland ownership and how the U.S. government is monitoring acquisitions, a letter shows. There has been an uptick in foreign investments and ownership, which may be “underreported” due to the U.S. Agriculture Department’s (USDA) unreliable data, the Republicans say.

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A Deep Dive into the ‘Density Delusion’

Michigan Star Staff

For decades, American workers have watched as their ability to enjoy middle-class lifestyles erodes away. Conventional explanations abound. American industry in the immediate aftermath of World War II was uniquely unscathed, and with a near-monopoly on global manufacturing, it was able to pass much of the ample profits on to workers. It wasn’t until the 1970s that American manufacturers confronted serious foreign competition, and ever since, the competition has only become more intense.

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