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Secretary of Agriculture Brooke Rollins announced on July 8 that the United States will be moving to ban Chinese ownership of U.S. farmland over national security concerns.
During a press conference with Defense Secretary Pete Hegseth, Homeland Security Secretary Kristi Noem, and other top officials, Rollins said the Trump administration will work with states and use executive actions to ban ownership of U.S. agriculture by Chinese and nationals of other adversaries.
During a call with reporters on July 7, Rollins acknowledged there was no way for her agency to take back farmland owned by the Chinese and other foreign buyers.
“USDA is not in the role to be able to do that,” she said.
The national security action plan released by the Department of Agriculture (USDA) and obtained by The Epoch Times states that, “Land owned by foreign nationals—particularly those from countries of concern...or other foreign adversaries—is a potential threat to national security and future economic prosperity. USDA will ensure transparency of foreign U.S. agricultural land ownership and pursue robust and overdue updates to data collection, reporting, and analysis.”
The USDA, according to the plan, will implement reforms such as creating an online filing system to require foreign entities to report their holdings and transactions in the U.S. agricultural marketplace.
It will also work alongside Congress and states to pass and implement laws to take “action to end the direct or indirect purchase or control of American farmland by nationals from countries of concern or other foreign adversaries.”
Additionally, the USDA will sign a memorandum of understanding with the Treasury Department to “ensure regular coordination” with the agriculture secretary related to reviews by the Committee on Foreign Investment in the United States (CFIUS) when it comes to foreign transactions involving the agriculture sector, according to the plan.
Rollins announced that she will sit on CFIUS, a panel that reviews foreign purchases for national security risks, beginning July 8.
More at:
www.zerohedge.com
During a press conference with Defense Secretary Pete Hegseth, Homeland Security Secretary Kristi Noem, and other top officials, Rollins said the Trump administration will work with states and use executive actions to ban ownership of U.S. agriculture by Chinese and nationals of other adversaries.
During a call with reporters on July 7, Rollins acknowledged there was no way for her agency to take back farmland owned by the Chinese and other foreign buyers.
“USDA is not in the role to be able to do that,” she said.
The national security action plan released by the Department of Agriculture (USDA) and obtained by The Epoch Times states that, “Land owned by foreign nationals—particularly those from countries of concern...or other foreign adversaries—is a potential threat to national security and future economic prosperity. USDA will ensure transparency of foreign U.S. agricultural land ownership and pursue robust and overdue updates to data collection, reporting, and analysis.”
The USDA, according to the plan, will implement reforms such as creating an online filing system to require foreign entities to report their holdings and transactions in the U.S. agricultural marketplace.
It will also work alongside Congress and states to pass and implement laws to take “action to end the direct or indirect purchase or control of American farmland by nationals from countries of concern or other foreign adversaries.”
Additionally, the USDA will sign a memorandum of understanding with the Treasury Department to “ensure regular coordination” with the agriculture secretary related to reviews by the Committee on Foreign Investment in the United States (CFIUS) when it comes to foreign transactions involving the agriculture sector, according to the plan.
Rollins announced that she will sit on CFIUS, a panel that reviews foreign purchases for national security risks, beginning July 8.
More at:
Code:
https://www.zerohedge.com/geopolitical/us-moves-ban-chinese-purchases-us-farmland-over-national-security-concernsUS Moves To Ban Chinese Purchases Of US Farmland Over National Security Concerns | ZeroHedge
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