Insiders Advisor
  • Stocks
  • World News
  • Business
  • Politics
  • Stocks
  • World News
  • Business
  • Politics

Insiders Advisor

Politics

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

by June 5, 2025
June 5, 2025
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’

Related Posts

Trump’s latest moves signals most ‘hawkish’ approach on...

February 26, 2025

Trump’s ‘denuclearization’ suggestion with Russia and China: How...

February 3, 2025

Trudeau says 51st state is distraction from Trump...

January 13, 2025

Johnson pushes ‘aggressive’ timetable for House to pass...

May 18, 2025

Biden admin lifts $10M bounty on the head...

December 23, 2024

Russia to share advanced satellite technology with North...

January 6, 2025

AOC, ‘baby girl’ Marjorie Taylor Greene trade barbs...

May 17, 2024

House Pentagon funding bill would ban transgender treatments...

December 12, 2024

Progressive Democrat caucus loses another member over anti-Israel...

February 22, 2024

Who is the conservative ‘superstar’ lawyer and potential...

February 26, 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.

    Latest News

    • TSA tells Americans their Costco cards won’t fly at airport security despite love for hot dogs

      June 7, 2025
    • Trump announces China will restart rare earth mineral shipments to US after productive call

      June 7, 2025
    • Musk feud presents ‘unprecedented’ dynamic compared to past Trump disputes: expert

      June 7, 2025
    • Snub of Musk’s NASA nominee ally preceded sudden ‘big, beautiful bill’ criticism, Trump feud

      June 6, 2025
    • Supreme Court rules DOGE can access Social Security information

      June 6, 2025
    • US sanctions money laundering network aiding Iran as regime faces nuclear reprimand at IAEA

      June 6, 2025

    Categories

    • Business (1,253)
    • Politics (5,885)
    • Stocks (904)
    • World News (457)
    • Privacy Policy
    • Terms & Conditions

    Disclaimer: insidersadvisor.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

    Copyright © 2024 insidersadvisor.com | All Rights Reserved