Experts sound alarm over China buying US land near military bases: 'Chilling'

From WWW.FOXBUSINESS.COM

Concerns are growing over China's effort to buy up American farmland near U. S. military bases.

China expert Michael Pillsbury issued an urgent warning on "Mornings with Maria," for legal action to be taken against the Chinese Communist Party as concerns for national security swell.

"It's a very important subject and it's a good example of a larger problem," he told host Maria Bartiromo on Monday.

"There needs to be a law passed by both houses, signed by the president monitoring this or saying it cannot be done if it's so many hundreds of miles away from an Air Force base. But there's no action by Congress," he continued.

According to the USDA, Chinese landowners control approximately 383,000 acres of U. S. farmland – and their investments are growing, FOX Business' Lydia Hu reported on Monday. Chinese ownership of U.S. farmland jumped more than 20-fold in a decade from $81 million in 2010 to nearly $1.9 billion in 2021.

Hu pointed out that the Fufeng Group, a China-based chemical manufacturing company, bought 300 acres of land for a corn mill in Grand Forks, North Dakota. The location is only 12 miles away from the Grand Forks Air Base, home to U. S. intelligence, surveillance and reconnaissance units and top-secret drone technology.

Sen. Mike Rounds, R-SD, is one of a group of lawmakers sounding the alarm over the matter. He is leading a bipartisan effort to prevent China and other foreign adversaries from being able to buy into land or businesses involved in U. S. agriculture.

"China, the Chinese Communist Party, has increased their holdings of farmland outside of China by 1,000% in the last few years… They own 1,300 egg processing facilities outside of China at a value of $35 billion. Food security is national security," Sen. Mike Rounds, R-SD, said on "The Evening Edit" Friday.... (Read more)

Submitted 443 days ago


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