Farm Progress

China is buying up American farmland

As concerns grow, better data tracking is needed to understand just how much land is getting snatched up by foreign interests.

Bloomberg, Content provider

January 19, 2024

1 Min Read
Tractor tilling farm field
RISING CONCERN: Outside ownership of U.S. cropland is drawing attention from Washington as concern rises about possible threats to food supply chains and other national security risks. David Paul Morris/Bloomberg

By Kim Chipman

America is seeing more and more of its most fertile land snapped up by China and other foreign buyers, yet problems with how the U.S. tracks such data means it’s difficult to know just how much. 

Foreign ownership and investment in U.S. farmland, pastures and forests jumped to about 40 million acres in 2021, up 40% from 2016, according to Department of Agriculture data.

But an analysis conducted by the U.S. Government Accountability Office — a non-partisan watchdog that reports to Congress — found mistakes in the data, including the largest land holding linked with China being counted twice. Other challenges include the USDA’s reliance on foreigners self-reporting their activity. 

Outside ownership of U.S. cropland is drawing attention from Washington as concern rises about possible threats to food supply chains and other national security risks. Lawmakers have called for a crackdown on sales of farmland to China and other nations. 

“Without improving its internal processes, USDA cannot report reliable information to Congress or the public about where and how much U.S. agricultural land is held by foreign persons,” the report said. 

The GAO made six recommendations, including that the USDA share more timely and complete data with the Committee on Foreign Investment in the U.S., an interagency panel led by the Treasury Department that reviews foreign business deals.

Related:Does China’s economic trouble threaten Illinois farmland values?

© 2024 Bloomberg L.P.

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