A new bill is pushing back on Chinese purchases of U.S. farmland by slapping a heavy tax on certain buyers. This comes after Chinese investors spent over 6 billion dollars on American real estate, and China attempted to buy land near U.S. military bases. More states are now taking action to stop it. Topics in…
Bipartisan Bill Aims to Block Chinese Purchase of US Farmland
May 18, 2023
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A bipartisan bill introduced on May 17 aims to block the Chinese Communist Party (CCP) affiliates from taking hold of U.S. farmland, adding to the growing bipartisan push in Congress to counter threats from Beijing. Titled “Protecting America’s Agricultural Land from Foreign Harm Act,” the legislation from Reps. Dale Strong (R-Ala.) and Abigail Spanberger (D-Va.)…
Australia Records Significant Growth in Farmland Prices in 2022
Australian farmland values rose for the ninth consecutive year in 2022 due to strong demand and robust performance of the agriculture sector. According to the latest report by Rural Bank, which specialises in financial services for farmers, the national median price of Australian farmland jumped 20 percent to $8,506 (US$5,652) per hectare in the past…
White House Proposes Tighter Controls Over Foreign Land Purchases Near Military Bases
May 4, 2023
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The Biden administration is proposing tighter controls over foreign land purchases by adding eight additional military installations to the list for national security review. This addition expands the jurisdiction of the Committee on Foreign Investment in the United States (CFIUS), a federal panel that reviews foreign acquisitions for national security risks. Once finalized, any non-excepted real…
Biden Administration Proposes Tighter Controls Over Foreign Purchases of Land Near Military Bases
May 4, 2023
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The Biden administration is proposing tighter controls over foreign land purchases by adding eight additional military installations to the list for national security review. This addition expands the jurisdiction of the Committee on Foreign Investment in the United States (CFIUS), a federal panel that reviews foreign acquisitions for national security risks. Once finalized, any non-excepted real…
Efforts to Ban China From Purchasing Tennessee Land Draw Politicians Across the Aisle
May 2, 2023
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A law that will prohibit sanctioned foreign entities and nonresident aliens from property ownership in Tennessee is headed to Gov. Bill Lee for signature, after mostly bipartisan passage in the state legislature. The bill originally did not include the sanctioned language, but was added through amendments. The first version of the bill stated a foreign…
North Carolina Bill Barring Adversarial Regimes From Buying Land Passes State House
April 28, 2023
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The North Carolina House of Representatives unanimously approved a bill on Wednesday prohibiting state-owned companies and hostile foreign nations like China from purchasing farms or any other land near a military installation. The 114-0 vote came amid mounting concern over national security after the Chinese spy balloon recently flew over the state’s military bases before…
IN-DEPTH: Future of American Farms Uncertain as Aging Farmers Retire Without Successors
It’s no secret that America’s hardworking farmers are looking to hang up their hats. However, the price of land has left many producers struggling to find successors willing or able to follow in their footsteps. Research shows 62 percent of U.S. farmers were older than 55 as of 2017. That means more than half of…
Top Senators Push to Ban China From Owning US Land
March 30, 2023
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Top U.S. senators introduced a bill Thursday to ban China from owning any U.S. land, including agricultural and other real estate properties. The bill further gives the U.S. president the authority to require a sale if existing property ownership is deemed a national security risk. The bill, dubbed “Not One More Inch or Acre Act,”…
Bipartisan Senators Push to Ban China From Buying US Farmland
A group of bipartisan U.S. senators introduced a bill on Wednesday to ban the purchase of U.S. farmland by Chinese persons and entities. In a press release, Sens. Mike Braun (R-Ind.), John Tester (D-Mont.), Marco Rubio (R-Fla.), and Tommy Tuberville (R-Ala.) stated their collective objective for the bill: to address national security concerns—food security and…
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