Lawmakers Sound Alarm Over Chinese Purchases Of U.S. Farmland – Real Pundit

A group of lawmakers has sounded the alarm over foreigners buying key U.S. agricultural land, in an effort to reduce China’s influence on the U.S. economy.

A recent bill passed by lawmakers in the House warns that China’s presence in America’s food supply declares a risk to national security, while senior Senators expressed interest in continuing American fields in American hands, according to Politico.

The debate over farm ownership comes amid even more efforts by Congress and the Biden administration. to curb China’s national economic dependence, especially in major industries such as food, semiconductors and minerals are considered important in the supply chain. The call for tighter limits on American farm owners came from many political leaders, from former Vice President Mike Pence to Sen. Elizabeth Warren (D-Mass.), After getting the strong seed in the farm states.

“America will not allow China to control our food supply,” Pence said in a speech Wednesday at the Heritage Foundation where he urged President Biden and Congress to “end all farm subsidies for land that owned by foreign nationals. “

By the beginning of 2020, control of Chinese owners is estimated 192,000 hectares of agriculture in the U.S., worth about $ 1.9 billion – including land used for agriculture, farming and forestry, according to the Department of Agriculture. This is a small but growing percentage of nearly 900 million hectares of total U.S. land- with the USDA reporting in 2018 that China’s agricultural investments have grown more than tenfold from 2009.- READ MORE

Listen to the insightful Thomas Paine Podcast Below –

Source link

Leave a Reply

Your email address will not be published. Required fields are marked *