China is buying up American farms! Washington DOESN'T CARE

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China is buying up American farms! Washington DOESN'T CARE
#realestate #investing #breakingnews

Source:
https://www.politico.com/news/2021/07/19/china-buying-us-farms-foreign-purchase-499893

The push to drain China’s influence from the U.S. economy has reached America’s farm country, as congressional lawmakers from both parties are looking at measures to crack down on foreign purchases of prime agricultural real estate.

House lawmakers recently advanced legislation to that effect, warning that China’s presence in the American food system poses a national security risk. And key Senate lawmakers have already shown interest in efforts to keep American farms in American hands. - Politico

China is buying up American farms. Washington wants to crack down.
Bipartisan pressure is building to stop foreign nationals from purchasing American farm operations and receiving taxpayer subsidies.

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