Foreign-owned land accounts for about 2.7% of all U.S. farmland and forest land, which, according to the Department of Agriculture, is about 897 million acres. That data also shows that the approximately 190,000 acres of farmland owned by Chinese interests has remained virtually unchanged since 2013. TUCKER CARLSON, FOX NEWS: So how would you define the Biden administration? China's state-directed industrial policy has outmaneuvered America's laissez-faire approach to securing access around the world to a metal that's taking on growing economic and strategic . Christmas in Mainland China is not a public holiday and is not related to religion at all. The reality is very different than the rhetoric. Smithfield is vertically integrated and owns all aspects of its supply chain, meaning that WH Group now controls a significant portion of U.S. pork production and revenue in addition to farmland. By June 2017, the debt had grown to $19.8 trillion and was projected to top $20 trillion by January 2018. China holds more than $1 trillion of the U.S. national debt. The manufacturing of smartphones and other household items is heavily reliant on China, which controls most of the rare earth minerals that make those items work. According to the NYFC, young and aspiring farmers say access to land is their largest barrier to starting a successful farm business. These are accounts dedicated to Social Security, Medicare, and other entitlements. You can only download this statistic as a Premium user. The Global Food Security Program would also like to thank Aliza Lauter for her research contributions to this publication. That makes Chinese exports cheaper than American-made goods, increasing sales. Many large corporations, pension funds, and wealthy individuals are investing in agricultural land in the United States and abroad. Bill Gates owns almost as much U.S. agricultural land as China at 248,000 acres, according to The Land Report. ", Harvard Business Review. CLICK HERE FOR COMPLETE CORONAVIRUS COVERAGE, Times Square billboard endeavors to warn of creeping Chinese influence. What country owns the most US soil? - coalitionbrewing.com National Association of Realtors. Sean Rayford/Getty Images, America cannot allow China to control our food supply, Pence said Wednesday during a speech at the conservative Heritage Foundation, urging President Joe Biden and Congress to end all farm subsidies for land owned by foreign nationals.. How Much Land Does China Own? | askBAMLand Foreign Purchases of U.S. Agricultural Land: Facts, Figures, and an Tucker Carlson: America's Leadership Class Spent Years Covering Up Greed Is Good or Is It? Continuing a trend that began early in 2021, China's portfolio of U.S. government debt in May dropped to $980.8 billion, according to Treasury Department data released Monday. Even at a slow pace, dollar demand would drop. China and investors tied to the CCP own just shy of 200,000 acres of various types of land in the United States. Near a 10,000-acre hay farm run by a Saudi subsidiary, local residents say their wells are going dry. Mexico has gone from 38% to 42%. Walmart owns no shares. 'American Soil' Is Increasingly Foreign Owned : NPR Powered and implemented by FactSet Digital Solutions. 18, far behind No. Weak Oversight of Foreign Farmland Deals Sparks Concern Amid China Purchases (WSJ), North Dakota Turns Against Chinese Corn Mill Project (WSJ). Cookies collect information about your preferences and your devices and are used to make the site work as you expect it to, to understand how you interact with the site, and to show advertisements that are targeted to your interests. Although Congress has become increasingly concerned about Chinese land purchases, investors from China currently own only a small fraction of this land, at 191,652 acres (0.05 percent of the total). Billions of dollars flow into the U.S. from China every year. As a result, the public does not have a complete picture of which foreign entities own how much U.S. farmland or what the land is being used for. For example, critics say that should the Chinese government suddenly call indemand immediate repaymentof all of the U.S. governments obligations, the American economy would be hopelessly crippled. In 2011, the total U.S. debt stood at $14.3 trillion. According to the data, the value of foreign-owned American assets climbed to $32.5 trillion in the second quarter, while total foreign assets held by. Quotes displayed in real-time or delayed by at least 15 minutes. Market data provided by Factset. Chinese-Owned Farmland in U.S. Comes Under Scrutiny - Newsweek Canadian investors hold the largest share of this land, at 29 percent, with the Netherlands, Italy, Germany, and the United Kingdom collectively owning another 33 percent. Countries Who Own The Most Acres U.S. Policymakers should, instead, consider the many threats facing the future of the U.S. food system and ensure that current and aspiring farmers have the resources they need to secure long-term U.S. food production, starting with access to affordable farmland. "Major Foreign Holders of Treasury Securities. Alibaba handles more business than any other e-commerce company. "How Much U.S. Debt Does China Really Own?" By the start of 2020, Chinese owners controlled about 192,000 agricultural acres in the U.S., worth $1.9 billion, including land used for farming, ranching and forestry, according to the. "The Chinese have a strong foothold here in the U.S., and Chinese firms have access to what seems like infinite government lending, and because the country's goal of world dominance is ingrained into the minds of their business leaders," explained Paul Murad, president of Nevada-based real estate firm Metroplex. China's economy would suffer along with everyone else's. As a Premium user you get access to background information and details about the release of this statistic. "Major Foreign Holders of Treasury Securities.". 5. Indeed, there has been a tenfold expansion of Chinese ownership of farmland in the United States in less than a decade. The extent of Chinese investment in recent years has also raised red flags around U.S. national security, particularly in the realm of rare earth minerals. Representative Grace Meng expressed concern that the amendment could fuel already rising anti-Asian hate, and the USDA and advocacy groups have pointed out that the USDA does not have the authority to intervene in private land deals. Mutual Fund and ETF data provided by Refinitiv Lipper. The Communist Party has actively supported investments in foreign agriculture as part of its One Belt One Road economic development plans, aiming to control a greater piece of Chinas food supply chain. While around 3.2% of the national debt isn't exactly insignificant, the Treasury Department has had no problems finding buyers for its products even after a rating downgrade. ", Get all the stories you need-to-know from the most powerful name in news delivered first thing every morning to your inbox. The debt ceiling is a limit that Congress imposes on the amount that the federal government can owe. And its findings may be surprising to some. At some price point, U.S. consumers would buy American products instead. That move followed a contentious debate over the potential consequences for Asian Americans if Congress adopted a provision aimed squarely at China. China is also responding to accusations of manipulation. https://www.thoughtco.com/how-much-debt-does-china-own-3321769 (accessed March 4, 2023). These investments artificially increase the value of that land, which then denies young and beginning farmers opportunities to farm.. US media outlets received millions of dollars from China to sell its A Chinese firm has also purchased Smithfield, the world's largest pork processor and hog producer. "Major Foreign Holders of Treasury Securities [2000-2020]. Concern about Chinese purchases of U.S. agricultural land increased in late January when the China-based Fufeng Group Ltd. was prevented from building a cornmill on land close to a North Dakota Air Force base after officials called it a security risk. Of that, 195,000 acres, worth almost $2 billion when purchased, are. Of China's own top 500, 74 percent (370) were state-owned and state stock-holding enterprises, with assets of 27, 370 billion yuan and realizing profit of 266.3 billion yuan, representing 96.96 percent and 84.09 percent respectively of the top 500 corresponding values. A4: Since the 2013 purchase of Smithfield Foods, multiple bills have been proposed to provide more oversight of foreign investments in U.S. agricultural companies (including in 2017 and 2020), but until recently they each died in committee. Foreign investors by the end of 2019 held an interest in more than 35 million acres an area bigger than New York State. Chinese lenders snap up so much of the U.S. debt for one basic economic reason: protecting its dollar-pegged yuan. 10 iconic American companies owned by Chinese investors - CNBC China, on the other hand, accounted for more than 80 percent of the world's supply," the report stated. Foreign entities buy agricultural land for a variety of reasons, such as food production, wind farming, carbon offsets, or speculative investments. Smithfield was also in line to receive money from the program, which was created to help U.S. farmers strung by trade retaliation from China and other competitors. Accordingly, all views, positions, and conclusions expressed in this publication should be understood to be solely those of the author(s). That made the yuan more attractive to forex traders in global markets. That's a decline of. statistic alerts) please log in with your personal account. (2021, September 2). U.S. companies with Chinese shareholders more than doubled their acreage that year, accounting for 102,000 acres of the growth. China is taking steps to make its currency, the yuan, transition to a global currency. Its three main sites Taobao, Tmall and Alibaba.com have hundreds of millions of users, and host millions of merchants and businesses. SWINE FLU STRAIN WITH 'HUMAN PANDEMIC POTENTIAL' FOUND IN MORE CHINESE PIGS, SCIENTISTS SAY. | I'm a reporter for Forbes' explainers and trends team.

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