A U.S. think tank pointed out that Chinese ownership of U.S. farmland has soared in the past 10 years.

(Bloomberg file photo)

[Compilation of Sun Yuqing/Comprehensive Report] Chinese high-altitude reconnaissance balloons invaded the US airspace, deepening American people's vigilance against Chinese forces.

"Voice of Deutsche Welle" and "Voice of America" ​​reported on the 11th that U.S. senators from both parties recently proposed the "2023 Agricultural Security and Security Promotion Act", which requires agricultural security to be included in national security decisions, and China, Russia, Iran and North Korea is on a blacklist that prohibits entities and individuals from those countries from investing in, buying, or otherwise acquiring U.S. land or businesses involving U.S. agriculture.

According to reports, in addition to Democratic Senator Jon Tester (Jon Tester) and Republican Senator (Mike Rounds) jointly proposed the "2023 Agricultural Security and Security Promotion Act", calling on the Biden administration to list foreign investment in real estate. The legislatures of at least 11 states in the United States are also considering legislation to address this issue, including Montana and North Dakota, which witnessed Chinese balloons flying over their heads, as well as Texas, Florida, Wyoming, New Jersey and Arkansas, among others.

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Tester said bluntly: "The bottom line is, let's not let the Chinese own our farmland. It threatens our food security and our national security."

The mayor of Grand Forks, North Dakota, Brandon Bochenski called on January 31 to suspend the plan to build a US$700 million corn processing plant funded by China’s Fufeng Group. The local US Air Force base is only 19 kilometers away and there is a "significant national security risk".

Recently, the city council voted 5-0 to officially abandon the plan.

The Wyoming State Assembly's Agriculture and Public Land and Water Committee also passed two bills on January 26 restricting China and Russia from owning land in the state.

On the same day, Montana's state legislature heard a new bill that would bar any "foreign adversary" from taking ownership of the state's "critical infrastructure."

In this regard, Chinese Foreign Ministry spokesperson Mao Ning criticized on the 10th that some local governments in the United States have prevented Chinese entities from purchasing real estate and farmland in the United States out of national security considerations. Such words and deeds violate the principles of market economy and international economic and trade rules, and "damage the outside world's confidence in the US market environment."

It is understood that the restrictions on foreign individuals or entities owning farmland vary greatly from state to state in the United States. Most states have no restrictions, 14 states have certain restrictions, and no state completely prohibits them.

Jeremy Hunt, a media researcher at the Hudson Institute, a think tank in Washington, said recently that Chinese ownership of U.S. farmland property rights has jumped from $81 million in 2010 to $1.8 billion in 2020.

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