U.S. politicians are seeking to restrict Chinese purchases of American farmland amid fears that such purchases – while so far affecting a miniscule share of U.S. agricultural land – could ultimately pose a threat to the U.S. food supply chain.
The House Appropriations Committee recently approved a provision that would bar Chinese companies from owning more farmland than they already possess. The provision also would make those holdings ineligible for U.S. farm subsidies.
Republican Washington Representative Dan Newhouse, who introduced the amendment, said at a hearing last month that the current trend is “leading us toward the creation of a Chinese-owned agricultural land monopoly.”
The bill, if passed, will “ensure the U.S. food supply chain is secure and independent, especially after all the food interruptions we all experienced during the recent pandemic,” said…