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Limits on foreign ownership of U.S. farmland gain support in Congress, despite skepticism

March 20, 2023
View of soybean farm agricultural field against sky

Bipartisan momentum is building in Congress to restrict China and other foreign adversaries from purchasing U.S. farmland, a reflection of a similar push by some states as well as apprehension over Chinese spy balloons, rising land prices and growing international competition. “Foreign ownership of agricultural land threatens small family farms and the overall health of the agricultural supply chain,” wrote a bipartisan group of House lawmakers in a Feb. 27 letter to Agriculture Secretary Tom Vilsack, condemning the department’s insufficient foreign transaction reporting from 2015 to 2018.

 

Article Source: Maryland Matters

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