Finance Fusion Network
  • Investing
  • Latest News
  • Editor’s Pick
  • Economy
  • Investing
  • Latest News
  • Editor’s Pick
  • Economy
No Result
View All Result
Finance Fusion Network
No Result
View All Result

Ricketts, Fetterman team up for crackdown on China’s attempts to purchase US farmland

by
June 5, 2025
in Latest News
0
Ricketts, Fetterman team up for crackdown on China’s attempts to purchase US farmland
NEWYou can now listen to Fox News articles!

Republican Sen. Pete Ricketts, Democrat Sen. John Fetterman and others are teaming up on legislation to codify oversight on foreign countries buying American farmland.

The bipartisan Agricultural Foreign Investment Disclosure (AFIDA) Improvements Act seeks to implement recommendations published by the Government Accountability Office (GAO) in January 2024, which found the AFIDA was ill-equipped to combat foreign ownership of American agricultural land. 

‘American farmland should remain in the hands of American farmers and ranchers, not foreign adversaries,’ Ricketts of Nebraska shared first with Fox News Digital. ‘The neighbors who feed us should benefit from land ownership, not Communist China. Food security is national security.’

The bill, also co-sponsored by Sens. Tommy Tuberville of Alabama, John Cornyn of Texas, Roger Wicker of Mississippi and Rep. Don Bacon of Nebraska introduced legislation, requires AFIDA reporting for foreign persons holding more than one percent interest in American agricultural land.

‘Over the past several decades, China has been buying up American farmland in an attempt to infiltrate our agriculture supply chains. Food security is national security, and we cannot give the CCP a foothold,’ Tuberville said in a statement to Fox News Digital.

The AFIDA Improvements Act aims to increase information-sharing between the Committee on Foreign Investment in the United States and the U.S. Department of Agriculture (USDA). It also requires updates to the AFIDA’s handbook and establishes a deadline for USDA to set up an online AFIDA system. 

The bill’s House sponsor, Bacon, told Fox News Digital that ‘having actual processes in place will strengthen the security of our nation in the event nefarious foreign agents, such as the CCP, try to purchase agricultural lands within our nation.’ 

Based on the GAO’s recommendations, the bill seeks to update the Agricultural Foreign Investment Disclosure Act of 1978 to better equip the USDA to combat foreign adversaries’ ownership of American agricultural land.

Under AFIDA, foreign entities must disclose to the USDA transactions of American agricultural land. 

Foreign investors own over 40 million acres of agricultural land in the United States, and between 2010 and 2021, Chinese ownership of American agricultural land increased from 13,720 acres to 383,935 acres, according to the USDA. 

The AFIDA Improvements Act is the latest attempt by Congressional Republicans to track foreign ownership of American farmland and strengthen national security. It was first introduced by Bacon and Sen. Tammy Baldwin, D-Wisc., in 2024. 

China owned around 350,000 acres of farmland across 27 states as of last year, according to data from the U.S. Department of Agriculture

The movement to ban China from buying U.S. farmland located near military bases has been gaining steam in the Senate this year. The PASS Act, led by Sen. Mike Rounds, R-S.D., has the backing of Majority Leader John Thune, R-S.D., and would prevent any entity from a ‘covered country,’ which includes China, North Korea, Russia and Iran, from purchasing agricultural land near military bases or sensitive sites. 

Republican Sens. Tom Cotton of Arkansas, Kevin Cramer of North Dakota and Katie Britt of Alabama, proposed The Not One More Inch or Acre Act, earlier this year to ban China from buying U.S. land entirely. 

On the presidential campaign trail in 2024, President Donald Trump indicated he would ban China from buying American farmland. 

The Senate passed an amendment with bipartisan support in 2023 that would ban China, Russia, North Korea and Iran from buying American farmland and agricultural businesses, but it did not become law. 

Fox News Digital’s Morgan Phillips contributed to this report. 

This post appeared first on FOX NEWS
Previous Post

Hamas working to ‘sabotage’ Trump-backed aid group with ‘fake news’: Israeli official

Next Post

Blue state Republicans threaten rebellion if Senate changes key provision in Trump’s ‘big, beautiful bill’

Next Post
Blue state Republicans threaten rebellion if Senate changes key provision in Trump’s ‘big, beautiful bill’

Blue state Republicans threaten rebellion if Senate changes key provision in Trump’s ‘big, beautiful bill’

  • Trending
  • Comments
  • Latest
DAVID MARCUS: Public broadcasting’s purpose has passed. It’s time to pull the plug

DAVID MARCUS: Public broadcasting’s purpose has passed. It’s time to pull the plug

February 7, 2025
China expands scope of consumer trade-ins for home appliances

China expands scope of consumer trade-ins for home appliances

January 8, 2025
Rolls-Royce to invest $376 million in UK plant to focus on bespoke cars

Rolls-Royce to invest $376 million in UK plant to focus on bespoke cars

January 8, 2025
Stock picking hedge funds post highest average returns since 2020, says Goldman Sachs

Stock picking hedge funds post highest average returns since 2020, says Goldman Sachs

January 3, 2025
Tesla stock sinks as Musk and Trump ridicule each other

Tesla stock sinks as Musk and Trump ridicule each other

0
Harris campaign officials explain what went wrong –  and what Trump did right: report

Harris campaign officials explain what went wrong – and what Trump did right: report

0
New Republican Governors Association chair says ‘focus’ is on helping Trump get ‘off to a strong start’

New Republican Governors Association chair says ‘focus’ is on helping Trump get ‘off to a strong start’

0
NVIDIA Corporation (NASDAQ:NVDA) shares fell roughly 3%

NVIDIA Corporation (NASDAQ:NVDA) shares fell roughly 3%

0
Tesla stock sinks as Musk and Trump ridicule each other

Tesla stock sinks as Musk and Trump ridicule each other

June 8, 2025
Trump ally stands firm against ‘big, beautiful bill’ despite pressure: ‘It’ll completely backfire’

Trump ally stands firm against ‘big, beautiful bill’ despite pressure: ‘It’ll completely backfire’

June 8, 2025
Rubio condemns assassination attempt on Colombian presidential candidate Miguel Uribe

Rubio condemns assassination attempt on Colombian presidential candidate Miguel Uribe

June 8, 2025
Obama WH physician says Biden doc should have performed cognitive test

Obama WH physician says Biden doc should have performed cognitive test

June 8, 2025

    Fill Out & Get More Relevant News

    Stay ahead of the market and unlock exclusive trading insights & timely news. We value your privacy - your information is secure, and you can unsubscribe anytime. Gain an edge with hand-picked trading opportunities, stay informed with market-moving updates, and learn from expert tips & strategies.

    Recent News

    Tesla stock sinks as Musk and Trump ridicule each other

    Tesla stock sinks as Musk and Trump ridicule each other

    June 8, 2025
    Trump ally stands firm against ‘big, beautiful bill’ despite pressure: ‘It’ll completely backfire’

    Trump ally stands firm against ‘big, beautiful bill’ despite pressure: ‘It’ll completely backfire’

    June 8, 2025
    Rubio condemns assassination attempt on Colombian presidential candidate Miguel Uribe

    Rubio condemns assassination attempt on Colombian presidential candidate Miguel Uribe

    June 8, 2025
    Obama WH physician says Biden doc should have performed cognitive test

    Obama WH physician says Biden doc should have performed cognitive test

    June 8, 2025

    Top News

    Tesla stock sinks as Musk and Trump ridicule each other

    Tesla stock sinks as Musk and Trump ridicule each other

    June 8, 2025
    Trump ally stands firm against ‘big, beautiful bill’ despite pressure: ‘It’ll completely backfire’

    Trump ally stands firm against ‘big, beautiful bill’ despite pressure: ‘It’ll completely backfire’

    June 8, 2025

    Latest News

    • Tesla stock sinks as Musk and Trump ridicule each other
    • Trump ally stands firm against ‘big, beautiful bill’ despite pressure: ‘It’ll completely backfire’
    • Rubio condemns assassination attempt on Colombian presidential candidate Miguel Uribe

    About Finance Fusion Network

    • About us
    • Contact us
    • Privacy Policy
    • Terms & Conditions
    • About us
    • Contact us
    • Privacy Policy
    • Terms & Conditions

    Copyright © 2024 Financefusionnetwork.com. All Rights Reserved.

    No Result
    View All Result
    • Investing
    • Latest News
    • Editor’s Pick
    • Economy

    Copyright © 2024 Financefusionnetwork.com. All Rights Reserved.