Agricultural Economics Department
Date of this Version
10-27-2023
Document Type
Article
Citation
Cite this work: Van Tassell, L. “Do Only Americans Own America? Foreign Investment in Agricultural Lands in the United States” CAP Series 23-1002, Center for Agricultural Profitability, University of Nebraska-Lincoln, Oct. 27, 2023. DOI: 10.32873/unl.dc.cap019.
Abstract
Foreign investment in the United States, while not a new phenomenon, has recently caught the attention of the American public and members of the U.S. House and Senate after an Air Force officer raised concerns when the Fufeng Group, based in Shandong, China, purchased 300 acres of farmland 12 miles from an Air Force base in Grand Forks, North Dakota, to build a corn milling plant (Javers, 2022). National security concerns prompted the U.S. Senate to propose a bill prohibiting the purchase of land in the U.S. by companies or individuals from China, North Korea, Iran, or Russia.