China targeted a draft law to restrict foreign ownership of American agricultural lands

Located legislation through recent legislation aims to bring more supervision of foreign ownership of American agricultural lands.

A group of legislators from both parties presented the AFIDA detection law this month. This was the move I mentioned for the first time By Fox News Digital.

Legislation He seeks to implement the recommendations published by the Government Accountability Office in January 2024, which found that AFIDA was not equipped to combat foreign ownership of American agricultural lands.

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Some of its other measures propose to request AFIDA for foreign persons who carry more than 1 % of American agricultural lands, which enhances the exchange of information between the foreign investment committee in the United States and the Ministry of Agriculture and the update of the AFIDA booklet, according to Fox News Digital.

“It will inform China,” said Ashley Webster on Monday.Verney and Partners”

More than 277,000 acres of agricultural lands were owned by Chinese investors as of the end of 2023, with the presence of that land in the states “across the country”, ” according to US Department of Agriculture report.

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In general, foreign investors in American agricultural lands amounted to about 45 million acres at the end of that year.

American agricultural lands owned by foreign entities witnessed a jump between 2014 and 2023, according to Lebster.

Countries have taken measures on the issue in recent years as well, as Wester noticed that many legislation prohibiting or limiting the purchase of AG lands by foreign entities and governments. ”

Wester said that half of the United States prevents foreign ownership of agricultural lands “as of April this year.”

The United States had 1.3 billion acres of Private agricultural lands At the end of 2023, according to the US Department of Agriculture.

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The ownership of the Chinese entity of the American agricultural land was a hot issue in recent years, especially the conflict and competition between China The United States grows.

Dierdre Heaven from Fox News Digital contributed to this report.