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This amount is subject to market fluctuations. Foreign-owned land accounts for about 2.7% of all U.S. farmland and forest land, which, according to the Department of Agriculture, is about 897 million acres. China's low-cost competitive strategy seems to be working. Chart. Gates continues to deny any plot, telling Reddit users in January that he owns less than one four-thousandths of U.S. farmland and invests in farms to improve their production and create jobs. Even so, large land purchases present various localized concerns in the places where they occur. Photo: GUILLAUME SOUVANT/AFP via Getty Images, Critical Questions By the start of 2020, Chinese owners controlled about 192,000 agricultural acres in the U.S., worth $1.9 billion, including land used for farming, ranching and forestry, according to the Agriculture Department. Other foreign holders included oil-exporting countries and Caribbean banking centers. However, the concept of foreign debt carries a negative connotation, especially when it concerns large amounts owed to nations embroiled in controversy. Overview and forecasts on trending topics, Industry and market insights and forecasts, Key figures and rankings about companies and products, Consumer and brand insights and preferences in various industries, Detailed information about political and social topics, All key figures about countries and regions, Market forecast and expert KPIs for 600+ segments in 150+ countries, Insights on consumer attitudes and behavior worldwide, Business information on 60m+ public and private companies, Detailed information for 35,000+ online stores and marketplaces. They hold 50% of total shares through Walton Enterprises LLC and Walton Family Holdings Trust. Foreign-owned land accounts for about 2.7% of all U.S. farmland and forest land, which, according to the Department of Agriculture, is about 897 million acres. At the same time, American consumers are assured of a steady flow of relatively inexpensive Chinese products and services. (July 18, 2022). But, exactly how much does the nation own? Individuals can buy and sell U.S. debt, as can central banks for countries like China. Can you rollover Roth 401k to Roth IRA while still employed? The extent of Chinese investment in recent years has also raised red flags around U.S. national security, particularly in the realm of rare earth minerals. ", International Monetary Fund. Of the total 7.03 trillion held by foreign countries, Japan and Mainland China held the greatest portions. You can only download this statistic as a Premium user. Foreign debt provides the opportunity for countries to secure the financing they ordinarily wouldn't have access to and to stimulate their economy. "Chinese companies have been carrying out unchecked reverse mergers for years now, and the media (influence) has been going under the radar for years now," Murad added. Food insecurity among U.S. families is primarily driven by poverty, not a lack of food. This compensation may impact how and where listings appear. Although Walmart does own an impressive number of brands both in the US and beyond, the company does not own Lowes. Agricultural Land. Understanding the actual extent and impact of Americas debt to China requires a closer look at these massive amounts of money. China also is liberalizing its control of the yuan, also called the "renminbi." Center for Strategic and International Studies Focusing narrowly on land purchases by Chinese companies or other foreign entities will not address the full scope of this problem. Discover the current debt ceiling and its economic impact. The National Young Farmers Coalition (NYFC) anticipates that two-thirds of farmland will change hands over the next decade as farmers retire, meaning that more land could become available for foreign purchase. A paid subscription is required for full access. How Much Money Does the U.S. Jamie Lutzisaresearchassociatewiththe Global Food Security Program at the Center for Strategic and International Studies (CSIS) in Washington, D.C. Caitlin Welsh is the director of the CSIS Global Food Security Program. Includes buyers from the People's Republic of China, Hong Kong and Taiwan. U.S. Debt to China: How Much Is It, and Why? Japan consistently tops the list, owning about $1.3 trillion as of October 2021. The renewed focus on curbing foreign farm purchases comes as Biden and Agriculture Secretary Tom Vilsack roll out a series of actions to bolster the food supply chain, following major disruptions caused by the pandemic. Foreign investors by the end of 2019 held an interest in more than 35 million acres an area bigger than New York State. Her modest, two-story white farmhouse has . Haier bought GE for $5.4 billion, a recording breaking sum at that time. That's when the U.S. Department of the Treasury changed how it measures the debt. "Frequently Asked Questions About the Public Debt. Forbes. "Major Foreign Holders of Treasury Securities [2000-2020]. However, the full extent of the Chinese investment as it stands in the U.S. today is far from transparent. According to USDA data, foreign investors owned at least 35.2 million acres of U.S. agricultural land in 20192.7 percent of U.S. farmland, an area almost the size of Iowa. The USDA claims that its goal is to monitor foreign ownership of land, not to exact penalties. This helps inflate the value of the dollar. No, China does not own Walmart. 5. China, which owns an estimated $972 billion in U.S. Treasuries, is the number-two investor among foreign governments, according to the August 2022 figures released by the U.S. Treasury. Agricultural Land: Facts, Figures, and an Assessment of Real Threats, Brzezinski Chair in Global Security and Geostrategy, Diversity and Leadership in International Affairs Project, Energy Security and Climate Change Program, Media Relations Manager, External Relations. National Association of Realtors. A government bond is issued by a government at the federal, state, or local level to raise debt capital. More than 200 foreign firms mostly Chinese with a combined market capitalization of almost $2 trillion are said to not be meeting this standard; so their stocks are traded, but U.S. investors have limited insight into what is going on internally with the companies. Data cover both foreign-owned (29.1 million acres) and U.S. How Did the U.S. National Debt Get So Big? Countries with lower currency values export more, since their products cost less when sold in foreign countries. Get full access to all features within our Business Solutions. "Your Pension Is a Lie: There's $210 Trillion of Liabilities Our Government Can't Fulfill. TreasuryDirect. Other top investors are American-based companies, including Vanguard Group Inc. Apple Inc USA is an American Company that was founded in Cupertino, California. The manufacturing of smartphones and other household items is heavily reliant on China, which controls most of the rare earth minerals that make those items work. Scrutiny of foreign-owned agricultural operations receiving taxpayer subsidies has also been rising in recent years after meatpacking conglomerates like the U.S. subsidiary of Brazilian-owned JBS received millions of dollars under the Trump administrations trade bailout starting in 2018. David Schlessinger and I founded Five Below 16 years ago with a promise to build an amazing store for teens and pre-teens that offers trend-right, high-quality merchandise all at $5 or less, said Tom Vellios . House lawmakers recently advanced legislation to that effect, warning that Chinas presence in the American food system poses a national security risk. All Rights Reserved. It would perpetuate already rising anti-Asian hate, Meng warned at the markup. 1 Canada (12.8 million acres) and even and the Cayman Islands (672,000). All rights reserved. But some analysts believe the ongoing crisis lays bare the inroads China has made on U.S. soil. So, Lowes operates independently of Walmart. The remaining 38 percent is held by entities from almost a hundred other countries. The data is based on a 1978 law directing foreign nationals to report their U.S. agricultural holdings to USDA a requirement that can be difficult for the department to enforce. While foreign land ownership has been reported in all 50 states and Puerto Rico, the holdings are concentrated in particular states. Access to this and all other statistics on 80,000 topics from, Show sources information How Much Is the Per Capita Money Supply in the U.S.? However, they need renminbithe official currency of the People's Republic of Chinato pay their workers and accumulate money locally. The American Security Institute recently released a report and launched a campaign, featuring a billboard in Times Square, to draw further attention to the extensive array of sectors the Chinese government and its partners have invested into. What Would Happen if China Were to Call In Its Debt? 18, far behind No. The hardware brand is a publicly-traded company that does not have a majority shareholder. Douglas R. Bush, Deterring a Cross-Strait Conflict: Beijing's Assessment of Evolving U.S. Strategy, Rethinking Humanitarian Aid: A Conversation with Michelle Nunn, President and CEO of CARE USA, Foreign Purchases of U.S. "China's Gold Market: Progress and Prospects," Page 2. Across the country, the 2013 purchase of Smithfield Foods by the Chinese firm Shuanghui, now called WH Group, received national attention and escalated concerns about Chinese intervention in U.S. food systems. The vast majority of this land is farmland, but the Chinese government and investors also own other kinds of real estate. Of that, 195,000 acres, worth almost $2 billion when purchased, are owned by 85 Chinese investors, which could be individuals, companies or the government. America's farmland is owned by a variety of people and entities, including individuals, companies, and government bodies . You need at least a Starter Account to use this feature. China's economic growth has slowed over the years. "Major Foreign Holders of Treasury Securities.". So, in part, Chinese demand for American property is a sign of their desire to give their children the best opportunities to have a successful future.. Advocacy groups like the National Family Farm Coalition argue that the larger threat to national security is corporate capture of U.S. land resources, whether those corporations are U.S.- or foreign-owned. The largest holder of U.S. debt is the United States government. And Human Rights Watch has written that China is an'existential threat' to human rights." Canadian investors hold the largest share of this land, at 29 percent, with the Netherlands, Italy, Germany, and the United Kingdom collectively owning another 33 percent. National Association of Realtors. Statista. That data also shows that the. Quote and Meaning, What Was the Eisenhower Doctrine? The other countries that hold the most U.S. debt include the U.K., with $634 billion owed; Switzerland, holding $294.1 billion in debt securities; and the Cayman Islands, slightly behind Switzerland with $293.2 billion of the United States' debt. 4356 (117)) that would block any new agricultural purchases by companies that are wholly or partly controlled by the Chinese government and bar Chinese-owned farms from tapping federal support programs. Quotes displayed in real-time or delayed by at least 15 minutes. Policymakers should, instead, consider the many threats facing the future of the U.S. food system and ensure that current and aspiring farmers have the resources they need to secure long-term U.S. food production, starting with access to affordable farmland. "GDP Growth (Annual %) - Japan, China.". The top two foreign holders of U.S. debt are Japan and China. The best of the best: the portal for top lists & rankings: Strategy and business building for the data-driven economy: Industry-specific and extensively researched technical data (partially from exclusive partnerships). Stoves, refrigerators, washers and dryers from General Electric have been around for more than 100 years, but starting last year, the appliance division of the iconic company has been Chinese. These include white papers, government data, original reporting, and interviews with industry experts. U.S . Arizona, for instance, has no rules on groundwater pumping as long as it is for a beneficial use, which includes agriculture even if the products are shipped elsewhere.