Newhouse Leads Bill to Prohibit Purchase of U.S. Land by the Chinese Communist Party (CCP) (2024)

FAQs

Newhouse Leads Bill to Prohibit Purchase of U.S. Land by the Chinese Communist Party (CCP)? ›

Newhouse introduced the Prohibition of Agricultural Land for the People's Republic of China Act to prohibit the purchase of public or private agricultural land in the United States by foreign nationals associated with the Government of the People's Republic of China.

China owns and controls almost 192,000 acres of farmland right here in the United States. To be clear, it's not a huge percentage of our total farm acreage by any stretch. According to the FDA, there are more than 35 million acres of farmland in the U.S. which are owned by foreign investors.

Of the 1.3 billion acres of private agricultural land in the United States, foreign entities fully or partially owned roughly 40 million acres valued at $74 billion in 2021.

From 2000 onwards, the total area of land in U.S. farms has decreased annually, aside from a small increase in 2012. Over the time period displayed, the total farmland area has decreased by almost 50 million acres, reaching a total of 893.4 million acres as of 2022.

The 2022 Land Report 100, compiled each year by The Land Report magazine, released its annual list of landowners who own the most acres in the United States. The nation's largest private landowners are the Emmerson family in California who own over 2.4 million acres.

“The Chinese Communist Party (CCP) has no business purchasing land near military bases or for agricultural purposes – or for any other reason,” said Rep. Bill Johnson. “It is a critical matter of national security that we prevent the CCP from buying large swaths of American land.

“Yosemite National Park belongs to the American people. This action will not affect the historic status of the facilities, as they are still important cultural icons to the National Park Service and the public.”

Do shareholders know that The Walt Disney Company is engaged in a joint venture with the Chinese Communist Party that allows for the operation of the Shanghai Disney Resort? And it's not an equal split, by the way. Instead, the CCP has 57% ownership while Disney holds only 43% ownership.

Despite these strategically located private in-holdings, the vast majority of the Grand Canyon is owned by the federal government, held in trust for the American people and managed by a varied collection of federal agencies. Indian reservations, state land, and private land surround these federal lands.

The history of federal land ownership has been largely one of divestiture and public use, not acquisition. As the United States expanded across the continent, it did so by purchasing or taking the land that became new states. (Among the groups it took land from were Native Americans.)

What American companies has China bought? ›

That's just short of 44% of the total number of blocks. Those empty blocks add up to 4.61 million square km (1.78 million sq. mi), which corresponds to just under 47% of the total area of the United States.

One of the main reasons behind this trend is urbanization. Cities and towns are expanding into previously rural areas. And that often involves the conversion of farmland into residential, commercial or industrial land uses.

Low-density residential (LDR) land use includes scattered subdivisions and large-lot housing, which fragments the agricultural land base and limits production. The Plains states are losing some of the most prime farmland in America, according to AFT. Kristopher Reynolds is the Midwest regional director with AFT.

The best states for farmland in the US include Montana, Kansas, Oklahoma, South Dakota, North Dakota, Texas, Iowa, Kentucky, Wyoming, and California. Consider factors like profitability, cost of operation, infrastructure, and availability when selecting a location.

Recent reporting shows that a CCP-affiliated corporation purchased farmland in North Dakota that is just a stone's throw from high-capability military bases. The purchase raises the possibility that the Chinese government could use the farmland as a launching pad for espionage under the guise of operating a business.

Chinese entities owned 42,596 acres of Missouri agricultural land as of 2021 — just a little under half of the roughly 100,000 agricultural acres owned by all foreign entities, according to the Missouri Department of Agriculture.

Do citizens own land in China? ›

There is no private “freehold” land ownership in China. All urban land in China is owned by the Chinese government and is commonly referred to as “state-owned land.” All rural and suburban land is owned by rural collectives (ie, local groups of farmers) and is commonly referred to as “collective land.”

National parks and public lands should continue to be owned by all Americans. Congress must protect these special places and not allow them to be exploited for private profit.

MATSUsh*tA has agreed to sell the Yosemite Park concessionaire to the National Park Foundation for $49.5 million. That's a good deal. When the Japanese firm bought the U.S. company that owns the concession, it valued it at about $200 million.

TikTok, which has over 150 million American users, is a wholly owned subsidiary of Chinese technology firm ByteDance Ltd., which appoints its executives. ByteDance is based in Beijing but registered in the Cayman Islands, as is common for privately owned Chinese companies.

The Walt Disney Company

Disney Parks, Experience...

Investors should note that institutions actually own more than half the company, so they can collectively wield significant power. We note that hedge funds don't have a meaningful investment in Walt Disney. Looking at our data, we can see that the largest shareholder is The Vanguard Group, Inc.

The Havasupai Tribe is one of 11 Native American tribes that are traditionally affiliated with the Grand Canyon National Park. They've been living among the Grand Canyon's towering red walls of rock and expansive high desert landscape for centuries, before it ever became a U.S. national park.

Yellowstone National Park is an American national park located in the western United States, largely in the northwest corner of Wyoming and extending into Montana and Idaho.

The Hualapai Tribe has thrived at the Grand Canyon West Rim for centuries. As one people in unity, these Native Americans rely on each other to survive, using song to share their journeys through life.

Is there any land in the United States that is not owned? ›

Is There Any Land in the US That No One Owns? Depends on what you mean by no one. There is plenty of publically-held land owned by the federal government or states. However, there is no land in the US that does not have a designated owner.

The federal government owns about 640 million acres (2.6 million km²) of land in the United States, about 28% of the total land area of 2.27 billion acres (9.2 million km²).

The state with the highest percentage of federal land is Nevada, of which 80.1%, or 56,262,610 acres of its total landmass is federally managed.

Burger King (BK) is an American-based multinational chain of hamburger fast food restaurants.

Five Chinese companies listed on the New York Stock Exchange said they intend to delist their American depositary shares. The firms include China Life Insurance, PetroChina, China Petroleum & Chemical, Aluminum Corp. of China and Sinopec Shanghai Petrochemical.

Amazon.com, Inc. (/ˈæməzɒn/ AM-ə-zon UK also /ˈæməzən/ AM-ə-zən) is an American multinational technology company focusing on e-commerce, cloud computing, online advertising, digital streaming, and artificial intelligence.

Wyoming is the least populated state in the U.S. According to the 2020 census, Wyoming has a population of 576,851 people.

Greenland is the largest country with no arable land, while the smallest nation—the small city-state of Vatican City—has none as well.

The U.S. farm program pays subsidies to farmers not to grow crops in environmentally sensitive areas and makes payments to farmers based on what they have grown historically, even though they may no longer grow that crop.

Why does the US pay farmers not to farm? ›

Question: Why does the government pay farmers not to grow crops? Robert Frank: Paying farmers not to grow crops was a substitute for agricultural price support programs designed to ensure that farmers could always sell their crops for enough to support themselves.

The United States had 895.3 million acres of land in farms in 2021. The United States had 895.3 million acres of land in farms in 2021. Texas had the most land in farms in the United States in 2021 followed by Montana and Kansas. Texas accounted for more than 14% of the land in farms in the United States in 2021.

Mollisols found in the Midwestern U.S. are the best for agriculture due to the grasslands that were present thousands of years ago. These prairies produced strong and fertile soils because after each year, the grasses would breakdown and contribute nutrients to the ground.

Oklahoma. Oklahoma currently sits at the lowest cost per acre among the best states for farmland in the US, so this is another state to consider when looking to buy land for agricultural purposes.

June 2, 2022 -- By 2050, we will need to produce as much as 56% more food than we did in 2010 to feed the world's growing population. While experts agree we can do it using current farming and production practices, it could be catastrophic for the planet.

Uttar Pradesh is India's top farming state, with considerable state-level crop production including bajra, rice, sugarcane, food grains, and many others.

What US states produce the most food? (Ranking 1-50)What US states produce the most food? (Ranking 1-50) California ranks first in the U.S. for agricultural cash receipts followed by Iowa, Texas, Nebraska and Illinois.

Surprisingly, the largest state (Alaska) has even fewer farms than the smallest state (Rhode Island): 1,050 versus 1,100.

In 2021, the U.S. imports of $68.5 billion of Miscellaneous Manufactured Items from China constituted 53.2% of total U.S. imports of those commodities.

The U.S. makes up 23.93% of the total global economy, says Investopedia. The World Bank Group lists China as the second richest country in the world as of 2021, possessing a GDP of $17.734 trillion along with a GDP per capita of $12,556.3. China makes up 18.45% of the total global economy.

Did China beat US to become richest country? ›

China emerged at the top of the worldwide list, accounting for almost one-third of the increase. China's wealth jumped to $120 trillion in 2020 from just $7 trillion in 2000. This marks a jump of $113 trillion in 20 years, helping the nation surpass the United States in terms of net worth.

Since the U.S. dollar has a variable exchange rate, however, any sale by any nation holding huge U.S. debt or dollar reserves will trigger the adjustment of the trade balance at the international level. The offloaded U.S. reserves by China will either end up with another nation or will return back to the U.S.

As of January 2023, the five countries owning the most US debt are Japan ($1.1 trillion), China ($859 billion), the United Kingdom ($668 billion), Belgium ($331 billion), and Luxembourg ($318 billion).

The GDP per capita is calculated by dividing a country's GDP by its population. Thus, the richest countries in the world are those with the highest GDP per capita. Currently, the richest country in the world in terms of GDP per capita is Luxembourg, with a GDP per capita of $135,700.

This might be surprising since China is currently the second largest economy in the world and is poised to overtake the size of the US economy by 2050.

While China and the US are comparable in nominal GDP, there are far more wealthy individuals in America than in China. China — with a population of 1.4 billion — has 780,000 people holding assets worth $1 million or more, while the US — with a population of 332 million — has 5.27 million people in the same category.

Will China beat USA in economy? ›

China to surpass US to become number one economy in the world. The United States has restricted exports of critical semiconductor components and technology to China, Beijing's bid to topple Washington as the No 1 economy faces 'unprecedented' pressure, according to The Star reports.

According to usafacts.org, as of January 2023, Japan owned $1.1 trillion in US Treasuries, making it the largest foreign holder of the national debt. The second-largest holder is China, which owned $859 billion of US debt.

Investors in Japan and China hold significant shares of U.S. public debt. Together, as of September 2022, they accounted for nearly $2 trillion, or about 8 percent of DHBP. While China's holdings of U.S. debt have declined over the past decade, Japan has slightly increased their purchases of U.S. Treasury securities.

According to data published by London-based investment fintech Invezz, Japan, Greece, Italy, Portugal, and the US are the top five nations with the highest level of government debt.