41 on The Land Reports 2022 list of Americans who own the most land. All rights reserved. Chinese-Owned Farmland in U.S. Comes Under Scrutiny - Newsweek China, on the other hand, accounted for more than 80 percent of the world's supply," the report stated. For long-term U.S. food security, perhaps the larger concern is why up-and-coming U.S. farmers are unable to buy the land they need. The ideal entry-level account for individual users. Congressional Research Service. Defining Alibaba Alibaba is China's and by some measures, the world's biggest online commerce company. Continuing a trend that began early in 2021, China's portfolio of U.S. government debt in May dropped to $980.8 billion, according to Treasury Department data released Monday. Chinas demand for Treasurys helps keep U.S. interest rates low. China's economic growth has slowed over the years. The Biggest American Companies Now Owned by the Chinese - Yahoo! She is a library professional, transcriptionist, editor, and fact-checker. The manufacturing of smartphones and other household items is heavily reliant on China, which controls most of the rare earth minerals that make those items work. More than 200 foreign firms mostly Chinese with a combined market capitalization of almost $2 trillion are said to not be meeting this standard; so their stocks are traded, but U.S. investors have limited insight into what is going on internally with the companies. The extent of Chinese investment in recent years has also raised red flags around U.S. national security, particularly in the realm of rare earth minerals. Dollar-pegging adds stability to the yuan since the dollar is still seen as one of the safest currencies in the world. "How Much U.S. Debt Does China Really Own?" 1616 Rhode Island Avenue, NW United States Treasury Fiscal Data. That sounds like a lot of moneybecause it isbut it is actually a little less than the $1.24 trillion China-owned in 2011. Its allowed the yuan to trade in a wider trading range around a basket of currencies that include the dollar. But the company backed out of its contract with USDA after an outcry from lawmakers led by Sen. Chuck Grassley (R-Iowa). China owns roughly 384,000 acres of U.S. agricultural land, according to a 2021 report from the Department of Agriculture. With the U.S. dollar considered one of the safest and most stable currencies in the world, dollar-pegging helps the Chinese government maintain the stability and value of the yuan. Times Square billboard endeavors to warn of creeping Chinese influence. CSIS does not take specific policy positions. As a result, the public does not have a complete picture of which foreign entities own how much U.S. farmland or what the land is being used for. China drew some headlines in 2013 and 2014 for buying up a lot of gold to store in its bank vaults, but the real safety net for the yuan is the worldwide belief in the dollar. "Total Number of Residential Properties Purchased by Chinese Buyers in The United States from 2010 to 2022. Q4: What federal solutions are being discussed? How much of America do foreigners really own? - MarketWatch The call for tighter limits on who owns Americas farms has come from a wide range of political leaders, from former Vice President Mike Pence to Sen. Elizabeth Warren (D-Mass. While their market shares may be different percentages (Amazon owns 39% of all US ecommerce sales, while Alibaba owns 58.2% of all retail ecommerce shares in China), they each dominate their respective countries in which they began. Douglas R. Bush, Deterring a Cross-Strait Conflict: Beijing's Assessment of Evolving U.S. Strategy, Rethinking Humanitarian Aid: A Conversation with Michelle Nunn, President and CEO of CARE USA, Foreign Purchases of U.S. Agricultural Land. Even at a slow pace, dollar demand would drop. What is the highest credit limit for Chase Sapphire? National Association of Realtors. These are accounts dedicated to Social Security, Medicare, and other entitlements. How do I know if my stimulus was deposited? Manuel Balce Ceneta/AP Photo. In Texas, a Chinese based energy company purchased more than 130,000 acres of land near Laughlin Air Force Base and is now attempting to build a wind farm to access the U.S. power grid. And its findings may be surprising to some. Canadian investors hold the largest share of this land, at 29 percent, with the Netherlands, Italy, Germany, and the United Kingdom collectively owning another 33 percent. These investments artificially increase the value of that land, which then denies young and beginning farmers opportunities to farm.. Conspiracy theorists suggested Gates was buying up millions of acres of U.S. farmland for nefarious reasons, according to the fact-checking service Snopes, with some claiming that Gates owned 80% of all U.S. farmland. "Major Foreign Holders of Treasury Securities [2000-2020]. Concern about Chinese purchases of U.S. agricultural land increased in late January when the China-based Fufeng Group Ltd. was prevented from building a cornmill on land close to a North Dakota Air Force base after officials called it a security risk. Countries Who Own The Most Acres U.S. It has held up to $1.3 trillion of U.S. debt. While the Chinese, Japanese and plenty of other foreigners own substantial amounts, it's really Americans who hold most of America's debt. Discover the current debt ceiling and its economic impact. The measure is expected to reach the House floor before the end of July, as part of a broader appropriations package, although the Senate has not yet drafted its own version of the spending bill. That's a large portion of the $7.6 trillion in Treasury bills, notes, and bonds held by foreign countries. Although Walmart does own an impressive number of brands both in the US and beyond, the company does not own Lowes. Some U.S. lawmakers are pushing back amid the coronavirus fallout, which ignited an initial panic over concerns of critical medical shortages and Beijing's threats to withhold the needed goods. Nations borrowing from each other may be as old as the concept of money. Office of the Historian. We are new in this process, said Rep. Sanford Bishop (D-Ga.), chair of the agriculture appropriations subcommittee. Rep. Grace Meng, D-N.Y. speaks during a news conference on Capitol Hill, on May 27, 2020, in Washington. National Association of Realtors. This might not sound like a lot, but Chinese ownership of American farmland has exploded dramatically over the last decade. Its also a small percentage of the nearly 900 million acres of total American farmland. The American Security Institute recently released a report and launched a campaign, featuring a billboard in Times Square, to draw further attention to the extensive array of sectors the Chinese government and its partners have invested into. Interest on the National Debt and How It Affects You, US Debt by President: By Dollar and Percentage, US Budget Deficit by Year Compared to GDP, the National Debt, and Events, Chinas Economic Slowdown and How It Affects You, China's Economy and Its Effect on the U.S. Economy, China's Currency, the Yuan, and How It Affects You, How the Yuan Could Become a Global Currency, Debt Ceiling Dictionary: Your Guide to the Jargon, Major Foreign Holders of Treasury Securities, Report on Foreign Portfolio Holdings of U.S. Securities, Major Foreign Holders of Treasury Securities [2000-2020], Chinas Economic Rise: History, Trends, Challenges, and Implications for the United States. "Debt to the Penny. or redistributed. China, which owns an estimated $972 billion in U.S. Treasuries, is the number-two investor among foreign governments, according to the August 2022 figures released by the U.S. Treasury. US media outlets received millions of dollars from China to sell its By mid-2017, the total amount of official debt owed by the federal, state, and local governments was more than $19.8 trillion. "How Much U.S. Debt Does China Really Own?" Most countries want their currency values to fall so they can win global currency wars. How Much U.S. Farmland Does China Really Own? More Than Bill GatesAnd As a Premium user you get access to the detailed source references and background information about this statistic. Howard Evans on Twitter: "RT @lillybug000: How much more does any It would perpetuate already rising anti-Asian hate, Meng warned at the markup. Longley, Robert. Can you rollover Roth 401k to Roth IRA while still employed? USDA reported in 2018 that Chinas agricultural investments in other nations had grown more than tenfold since 2009. How much of the U.S. land does China own? - FinanceBand.com Many large corporations, pension funds, and wealthy individuals are investing in agricultural land in the United States and abroad. The average American is made better off by foreigners providing inexpensive services and only demanding pieces of paper in return. 2023 FOX News Network, LLC. Even so, large land purchases present various localized concerns in the places where they occur. The United States currently produces more than enough food per capita, even after adjusting for food waste. Chinese agricultural land ownership only increased about 550 acres from 2015 to 2019. Dalian Wanda purchased a majority stake in AMC for $2.6 billion, making AMC the largest theater operator at the time, according to a report from Reuters. Show publisher information "Bretton Woods-GATT, 19411947.". Additionally, China is seeking to build 5G networks in the United States and other Western countries, which could potentially feed personal information and sensitive data to the Chinese Communist Party. The rest of the $29 trillion national debt is owned by either people in the U.S. or by the U.S. government itself. Center for Strategic and International Studies For its part, China owned 191,000 acres worth $1.9 billion as of 2019. Appliances (technology), IBMP.C. It was revealed that just last year alone, China spent $6.1 billion dollars on housing in the U.S. making it America's top foreign buyer. Powered and implemented by FactSet Digital Solutions. 2 This amounts to more than 13% of the U.S. debt held overseas and about 3.2% of the United States' total debt load. Two bills introduced in the House of Representatives and the Senate argue foreign influence on American agricultural land could affect Americas economy, food supply, and national security. Owe China? The FARMForeign Adversary Risk Managementact, introduced in the House of Representatives and the Senate on January 25, would trigger a Department of Agriculture and Government Accountability Office investigation into foreign influence on Americas agriculture industry. How much of the United States does China really own? SWINE FLU STRAIN WITH 'HUMAN PANDEMIC POTENTIAL' FOUND IN MORE CHINESE PIGS, SCIENTISTS SAY. "Under China's Communist Party dictatorship, private companies are forced to bend to the government's will," the report states. The NYFC also points to both urban and rural development as a threat to the future of U.S. farms, since converting farmland to other uses drives up prices and makes the land unaffordable for beginning farmers. Countries with lower currency values export more, since their products cost less when sold in foreign countries. 04 Mar 2023 03:14:21 That changed with the USMCA. Foreign investors by the end of 2019 held an interest in more than 35 million acres an area bigger than New York State. The current trend in the U.S. is leading us toward the creation of a Chinese-owned agricultural land monopoly, Rep. Dan Newhouse (R-Wash.) warned during a recent House Appropriations hearing.