Two Senate Republicans have introduced a proposal to stop the Chinese Communist Party (CCP) from purchasing farmland in the United States, arguing that the communist regime’s acquisitions on American soil pose a threat to national security.
In introducing the bill dubbed the Securing America’s Land From Foreign Interference Act, Sens. Tommy Tuberville (R-Ala.) and Tom Cotton (R-Ark.) cited a 2020 report from the U.S. Department of Agriculture (USDA) saying that foreign individuals and entities held an interest in nearly 37.6 million acres of U.S. agricultural land.
While some 14 states have restrictions against foreign ownership of land, there are no federal restraints regarding private U.S. agricultural land that can be foreign-owned, they said.
Allowing the CCP to purchase U.S. farmland, Tuberville said, is tantamount to “giving our top adversary a foot in the door to purchase land in the United States and undermine our national security.”
“I hope my colleagues will recognize the importance of our bill and join the effort to prohibit Chinese Communist Party involvement in America’s agriculture industry,” he said.
The senators noted that because U.S. farmers are rapidly aging, with about a third being over the age of 65, millions of acres of American farmland may be up for sale in the near future.
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“Chinese investors’ holdings of U.S. agricultural land surged from 13,720 acres in 2010 to 352,140 acres in 2020,” Cotton’s statement added.“If we begin to cede the responsibility for our food supply chain to an adversarial foreign nation, we could be forced into exporting food that is grown within our own borders and meant for our own use,” Newhouse wrote in a statement at the time.
Chinese buyers spent an average of more than $1 million per transaction—the highest average among foreign purchases—and up from the $710,400 average from the year before. California was the top destination for their purchases with 31 percent, followed by New York (10 percent), Indiana (7 percent), Florida (7 percent), Oklahoma (5 percent), and Missouri (5 percent).
The report also pointed out that 58 percent of Chinese buyers made all-cash purchases, the third highest behind Canadians (69 percent) and Colombians (65 percent).