A group of House Republicans has filed a bill aimed at preventing foreign enemies from targeting the U.S. ag industry.
It would keep China, Russia, Iran, and North Korea from being able to purchase American ag companies to reduce the risk of exploitation of our vulnerabilities and asset control over the industry.
It would also make the Secretary of Agriculture a member of the U.S. Committee on Foreign Investment. The Secretary would report to the Committee on any foreign purchases of companies in the agriculture sector.
Related:
“Undue leverage": China’s purchase of U.S. ag land is causing concern
U.S. is boosting foreign food and ag purchases, up 21%
China purchases of U.S. ag on the rebound, but what will happen at the end of the year
New Missouri Senate bill is the latest attempt to limit foreign ownership of farms
