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Chinese language traders’ US land holdings quantity to nearly twice the scale of New York Metropolis, a latest authorities report revealed.
Chinese language consumers personal 384,235 acres of American soil, in accordance with a report on foreign-held land filed final month by the US Division of Agriculture (USDA).
That quantity outsizes the measly 193,700 acres occupied by New York Metropolis — to not point out Microsoft billionaire Invoice Gates’ personal 270,000 acres of farmland.
The newest Chinese language land purchaser is Fufeng Group, a meals producer that bought 300 acres in North Dakota “with plans to construct a moist corn milling and biofermentation plant” in 2022.
Previous to the Fufeng Group buy, traders from China owned about 0.9% of foreign-owned agricultural land within the US, the USDA mentioned. The land was value $2.1 billion, Newsweek reported.
The outcomes of the USDA report come two weeks after Andrew Hunter, an assistant secretary with the Division of the Air Pressure despatched a letter to North Dakota Sens. John Hoeven and Kevin Cramer discouraging the Fufeng mission.
Hunter famous that the Fufeng land is situated near the Grand Forks Air Pressure Base, which makes use of delicate drone expertise.
“The proposed mission presents a major risk to nationwide safety with each near- and long-term dangers of serious impacts to our operations within the space,” he wrote within the Jan.27 missive to Hoeven.
The senators issued a joint assertion on Jan. 31 encouraging Grand Forks to “discontinue the Fufeng mission” and “work collectively to search out an American firm to develop the agriculture mission.”
With Put up wires
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