In the run-up to the U.S. presidential elections, both candidates have outlined their visions for agricultural policy - which do differ significantly. After the publication of the traditional Farm Bureau questionnaire in mid-September, former President Donald Trump is speaking today at an event in rural Pennsylvania on proposed bans of Chinese agricultural land purchases. Data from the USDA shows that at the end of 2022, 20 million acres of U.S. farmland, or 2.2 percent, were foreign owned. China’s share was just a fraction of that and sinking.Chinese investors or U.S. corporations with Chinese shareholders owned just around 500,000 acres of U.S. land at the end of 2022 - 7 percent less than at the end of 2021. Much more was owned by Canadian and European entities, for example from the Netherlands, the United Kingdom, Italy and Germany. Experts said that they saw no threat from Chinese land and agricultural land purchases. However, the purchase of land close to military installations by foreign investors was recently restricted under the Biden Administration, following controversies around Chinese purchases. Some states have also taken action in this regard.
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32 sats \ 0 replies \ @Undisciplined 24 Sep
For all the people freaking out about Chinese real estate holdings, I suggest they read the Michael Crichton's Rising Sun. People had the exact same freak out about Japan taking over American real estate. The market works all this stuff out.
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21 sats \ 0 replies \ @Akg10s33 24 Sep
Personally, I am not surprised that Canada is the leader in agricultural land ownership in the USA. I say this more than anything because of its location. In other words, many of them are neighbors and will live in Canada and have their crops in the USA and thus take advantage of the benefits of exporting or producing from a world power. In my humble opinion, it must be relatively more profitable to export from the United States than from Canada, a country with high taxes and a very strict government in economic matters. I really like that you explain it with a graph! It is much easier to understand! Thanks
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0 sats \ 0 replies \ @TresDMan 24 Sep
Canada owns 28 times more land than China. That should probably be a headline somewhere.
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0 sats \ 0 replies \ @Satosora 24 Sep
First off, should americans be the ones to own the land in the usa?
It does make sense.
Also, the chinese are just barking up the wrong tree when they buy it around a military base.
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