Why Is China Purchasing Land Across From A U.S. Military Base? (2024)

FAQs

Why is China buying land in North Dakota? ›

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.

China owns roughly 384,000 acres of U.S. agricultural land, according to a 2021 report from the Department of Agriculture.

“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.

Chinese investors own land in the U.S. equivalent to roughly twice the size of the footprint of New York City, amid concerns that China is attempting to buy up parcels of land near Air Force bases.

In a study of USDA reports, Pew found the foreign country that owns the most U.S. land is not China or Russia, but rather, our neighbors north: Canada. Investors from the Great White North, according to the USDA, own about 12.8 million acres of U.S. land, most of it forest land.

You're looking into Bill Gates' Red River Trust purchase of 2,100 acres of land in northeastern North Dakota, formerly Campbell farms. The trust purchased it for $13.5 million. But you're looking at it in terms of whether it follows North Dakota's anti-corporate farmland law.

How have Chinese and Canadian investments developed over time? The share of Chinese investors in the U.S. real estate market remained somewhat constant until 2018 when it hovered at around 15 percent, before dropping to 11 percent in 2019 and then six percent in 2021.

Does China own land in Missouri? ›

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.

Because China is a socialist country, all land is either subject to government ownership or collective ownership. In principle, municipal land is subject to government ownership and land outside cities is subject to collective ownership. However, one can obtain the right to use the land.

There are two major methods for foreigners to inherit the estate located in China, namely notarization and litigation. In the event that there is no dispute between successors over the estate, you may bring relevant documents for succession notarization at a Chinese notary public.

Highlights: Foreign Investment US Real Estate Statistics

From April 2020 to March 2021, investors from outside the United States bought 107,000 properties worth $54.4 billion in the United States. Foreign-born individuals make up 14.25 percent of the population in the country's 50 largest metros, on average.

China's housing prices are constantly evolving, but, as of 2021, the average new urban dwelling unit in China costs 29.8 times the average income in the country. For comparison's sake, the average new urban dwelling unit In the United States costs 4.3 times the average income in the United States.

1. EMMERSON FAMILY. The nation's largest private landowners, California's Emmerson family, are a prime example of this trend. Through their Sierra Pacific Industries, the Emmersons increased their landholdings by more than 100 square miles to over 2.4 million acres.

Home Grown: Agriculture in the U.S.

Wheat, corn, and soybeans are the major crops grown in the U.S.—and cotton also makes the cut as a profitable non-food crop. Much of these crops feed not only Americans, but other parts of the world too.

The largest country in the world is Russia with a total area of 17,098,242 Km² (6,601,665 mi²) and a land area of 16,376,870 Km² (6,323,142 mi²), equivalent to 11% of the total world's landmass of 148,940,000 Km² (57,510,000 square miles).

'Newsweek' reports that Bill Gates' purchase of a large patch of land in North Dakota has sparked fury and questions about the Microsoft billionaire.

The Federal Government

The federal government is the largest landowner in North Dakota, with over 6.3 million acres of land. This includes national parks, forests, wildlife refuges, and military bases. The government's presence in North Dakota has positive impacts on the state, such as job creation.

Who owns most of the farmland in South Dakota? ›

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.

Japan and China have been the largest foreign holders of US debt for the last two decades.

At the end of 2021, of the 98 countries for whom data was available, Pakistan ($27.4 billion of external debt to China), Angola (22.0 billion), Ethiopia (7.4 billion), Kenya (7.4 billion) and Sri Lanka (7.2 billion) held the biggest debts to China.

Another way that Chinese home buyers are able to afford their down payments is via the country's Housing Provident Fund. This fund began when the country started privatizing urban housing as way to help residents afford to buy their homes.

In 2021, the average sales price for residential real estate in Shenzhen was over 61.6 thousand yuan per square meters. It was the highest price among all major cities in China. The average price across the country was 16,533 yuan per square meter.

Homeowner rates by race and ethnicity

Homeownership statistics by race show that the highest rates of homeownership are held by White households. Although homeownership rates for both Asian and Hispanic homeowners are above or around 50%, respectively, the rate for Black homeownership remains lower at just above 43%.

Ford is not owned by any other company or by any one individual. It is a publicly-traded company that is owned by shareholders.

Whirlpool Corporation is an American multinational manufacturer and marketer of home appliances, headquartered in Benton Charter Township, Michigan, United States.

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

What state has the richest farmland? ›

1. California

It is recognized as the agricultural powerhouse of the United States. California's crops account for around 73% of the state's agricultural revenue, with livestock commodities accounting for the remaining 27%, allowing it to surpass all other states in terms of farm income.

The best states for farmland 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.

The world has 15.749 million km(2) of arable land. (Arable land is land ploughed or tilled regularly, generally under a system of crop rotation). India has the most arable land in the world followed by the United States, Russia, China and Brazil.

With almost 260,000 acres of property, Bill Gates holds the title of the largest private landowner in Missouri.

Ste. Genevieve, the first permanent white settlement in what is now Missouri, was founded by 1750. The Treaty of Fontainebleau, which would transfer French Louisiana to Spain, was signed on November 3, 1762. The King of Spain ratified the Treaty on November 13 and the King of France ratified on November 23.

Levy County, Fla.

The Chinese company JOINN Biologics has purchased 1,400 acres of land and plans to build a massive facility to receive and quarantine newly imported monkeys, effectively establishing the county as another point along the dangerous and deadly wildlife-trade chain.

The average salary in China ranges from 7,410 Yuan per month (USD 1,066) to 131,000 Yuan (USD 18,842) per month — with 7,410 Yuan being the minimum salary and 131,100 Yuan being the maximum salary.

According to Russian law, foreigners are usually allowed to purchase or rent property in Russia, but certain exceptions apply. Also, in order to be allowed to buy a property, the foreign citizen must hold a valid Russian resident permit.

Local governments are sinking further into debt, but after years of talk, officials have yet to introduce a real estate tax.

The Federal Government

The federal government is the largest landowner in North Dakota, with over 6.3 million acres of land. This includes national parks, forests, wildlife refuges, and military bases.

Did China purchase 300 acres in North Dakota? ›

Chinese ownership of U.S. farmland jumped more than 20-fold in a decade from $81 million in 2010 to nearly $1.9 billion in 2021. Hu pointed out that the Fufeng Group, a China-based chemical manufacturing company, bought 300 acres of land for a corn mill in Grand Forks, North Dakota.

'Newsweek' reports that Bill Gates' purchase of a large patch of land in North Dakota has sparked fury and questions about the Microsoft billionaire. Last week, Gates reportedly purchased 2,100 acres of farmland in North Dakota. He has already amassed almost 270,000 acres of farmland in the United States.

Chinese food manufacturer Fufeng Group bought 300 acres of land near Grand Forks, North Dakota, to set up a milling plant. The project is located about 20 minutes from the Grand Forks Air Force Base, raising national security concerns.

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.

Farm real estate value for 2022 averaged $2,050 per acre, up $230 per acre (up 13%) from last year. Cropland value increased 14% from last year to $2,350 per acre. Pastureland, at $930 per acre, was $90 higher than the previous year. Cash rents paid to landlords in 2022 for cropland were mixed from last year.

Chinese food manufacturer Fufeng Group announced the purchase of 370 acres of land for a wet corn milling plant in 2021. The site is 12 miles from the Grand Forks Air Force Base.

Levy County, Fla.

The Chinese company JOINN Biologics has purchased 1,400 acres of land and plans to build a massive facility to receive and quarantine newly imported monkeys, effectively establishing the county as another point along the dangerous and deadly wildlife-trade chain.

Gary Theraldson

According to moneyinc.com, Tharaldson is the only billionaire living in the state of North Dakota. He owns a total of 350 different properties.

Why is North Dakota so rich? ›

Yes, farming, oil, and even honey exports help make North Dakota one of the wealthiest states in the U.S.

A nearly 10,000-square-foot home in Fargo asking $2.85 million is now North Dakota's most expensive home. A nearly 10,000-square-foot home in Fargo asking $2.85 million is now North Dakota's most expensive home.

Stan Kroenke – 225,162 acres

According to the most current land report, Stan is the fifth-largest land owner in the United States as of 2021.

Gary Tharaldson (born 1945) is an American entrepreneur and founder of the Tharaldson Companies. As of 2019, Tharaldson is the wealthiest individual in North Dakota, and the state's only billionaire. Dazey, North Dakota, U.S. Gary Tharaldson was born in and grew up in Dazey, North Dakota.

FARGO, N.D. (AP) — North Dakota's attorney general has found the sale of a couple thousand acres of prime farmland to a group tied to Bill Gates complies with a Depression-era law meant to protect family farms because the land is being leased back to farmers.