Friday, March 17, 2023

U.S. frets about foreign farmland owners

United States worries that China and Russia are buying up farmland are unfounded according to statistics released by the U.S. Department of Agriculture.


Canadians are by far the biggest foreign landowners, most of it forests.


In fact, Canadians account for a third of the land that foreigners own in the U.S. - about 12.8 million acres.


China owns 383,935 and 127,000 of that is by pork producer and packer Smithfield Foods Inc. which is owned by WH Group of China.


Russians own 73 acres.


Four European countries collectively own as much as Canadians - 12.8 million acres held by Dutch, Italian, United Kingdom and German citizens.