In 2019, 49 percent of reported foreign-held acreage in the United States was forest land, while 25 percent was crop land, 24 percent was for pasture and other agricultural uses, and 2 percent was for non-agricultural uses (such as homesteads and roads). U.S. Department of the Treasury. Six states forbid any foreign landholdings, and some, like Missouri, put caps on how much land can be held by foreign entities. The government now provides affordable housing by subsidizing commercial housing purchases or by offering low-rent public (social) housing to middle- and low-income families. A paid subscription is required for full access. List of US Companies Secretly Owned by China: Tesla, Microsoft, GM Furthermore, policymakers have signaled no efforts to improve state- or national-level information on foreign purchases of U.S. farmland, leaving the true picture obscured. [Online]. This material may not be published, broadcast, rewritten, When you visit the site, Dotdash Meredith and its partners may store or retrieve information on your browser, mostly in the form of cookies. Owning U.S. Treasury notes helps China's economy grow. Still, thats less than farmland owned by people from other nations like Canada and European countries, which account for millions of acres each. See Media Page for more interview, contact, and citation details. National Association of Realtors. According to sources, Time Magazine received $700,000, the Financial Times $371,577, Foreign Policy Magazine $291,000, the Los Angeles Times $272,000, and other notable media outlets received more than $1 million. 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. China is taking steps to make its currency, the yuan, transition to a global currency. The quick answer is that as of January 2018, the Chinese owned $1.17 trillion of U.S. debt or about 19% of the total $6.26 trillion in Treasury bills, notes, and bonds held by foreign countries. Facebook: quarterly number of MAU (monthly active users) worldwide 2008-2022, Quarterly smartphone market share worldwide by vendor 2009-2022, Number of apps available in leading app stores Q3 2022, Profit from additional features with an Employee Account. (2022). The Department of Agriculture requires foreign entities who buy U.S. agricultural land to file a report within 90 days disclosing what they bought. China produces 97 percent of U.S. antibiotics and about 80 percent of active pharmaceutical ingredients used in American drugs, giving the Chinese Communist Party absolute control of. U.S. Debt to China: How Much Is It, and Why? - The Balance However, the concept of foreign debt carries a negative connotation, especially when it concerns large amounts owed to nations embroiled in controversy. What country owns the most US soil? - coalitionbrewing.com Amazon founder Jeff Bezos comes in at No. Does paying off all debt increase credit score? 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. Learn more about how Statista can support your business. As a Premium user you get access to the detailed source references and background information about this statistic. Japan held 1.24 trillion U.S. dollars. China has become one of the largest economies in the world. The post, which has been shared over 256,000 times as of April 14, is headlined with "read this before buying meat." "The hogs will still be raised here, but slaughtered and packaged for . "The first priority is to reclaim our critical supply chains so that we can become self-secure instead of reliant on the Chinese government,"Will Coggin, managing director of the American Security Institute, told Fox News. It has held up to $1.3 trillion of U.S. debt. This helps China hold down the cost of its exported goods, which tends to make China, like any nation, a stronger performer in international trade. The measure is expected to reach the House floor before the end of July, as part of a broader appropriations package, although the Senate has not yet drafted its own version of the spending bill. This statistic is not included in your account. A few states, including top agricultural centers like Iowa and Minnesota, already have varying restrictions on foreign ownership of their farmland. A4: Since the 2013 purchase of Smithfield Foods, multiple bills have been proposed to provide more oversight of foreign investments in U.S. agricultural companies (including in 2017 and 2020), but until recently they each died in committee. 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. Congressional Research Service. Those seeking more restrictions say USDAs numbers actually understate the amount of foreign control over American ag operations. National Debt or Federal Deficit? This also reduces the purchasing power of Chinese earners. Chinas demand for Treasurys helps keep U.S. interest rates low. As its exports decline, China is less able to invest in U.S. Treasurys. World Gold Council. https://www.thoughtco.com/how-much-debt-does-china-own-3321769 (accessed March 4, 2023). China, on the other hand, accounted for more than 80 percent of the world's supply," the report stated. The current trend in the U.S. is leading us toward the creation of a Chinese-owned agricultural land monopoly, Rep. Dan Newhouse (R-Wash.) warned during a recent House Appropriations hearing. China acquired another 32,000 U.S. agricultural acres in 2021not as much as they scooped up in 2020, but 98% higher than their combined growth between 2015 and 2019. ", The World Bank. Most countries want their currency values to fall so they can win global currency wars. As it is not known exactly how much US land is owned by China. "How Much Money Does the World Owe China? The deal meant that WH Group now owns the largest pork producer in the United States as well as over 146,000 acres of Missouri farmland. For example, in water-scarce regions like the Southwest, outside use of freshwater resources can affect water availability for local farms and communities. Many Americans find the brand appealing because it has a "Made in America" stamp on its products, however, the company has been owned by Chinese company Haier since 2016. Texas has the largest amount of foreign-held agricultural land, at 4.4 million acres, followed by Maine and Alabama, according to USDA. Treasury securities are freely traded around the world. ", TreasuryDirect. Angela Huffman is a sixth-generation farmer in Wyandot County, which, along with Paulding County, has more than 41,000 acres of foreign-owned farmland. That sounds like a lot of moneybecause it isbut it is actually a little less than the $1.24 trillion China-owned in 2011. Although Congress has become increasingly concerned about Chinese land purchases, investors from China currently own only a small fraction of this land, at 191,652 acres (0.05 percent of the total). 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. China's Large Position in U.S. Treasuries. I'm a reporter for Forbes' explainers and trends team. However, there are some countriessuch as Niger, Cambodia, and Laoswhose debt to China is more than 20% of their GDP. Research Associate, Global Food Security Program. "Report on Foreign Portfolio Holdings of U.S. Some experts insist on adding hundreds of trillions in unfunded future liabilities on the federal government balance sheet. "How Much U.S. Debt Does China Really Own?" U.S. direct investments in China 2000-2021 | Statista How can I increase my credit score by 25 points? "How Much U.S. Debt Does China Really Own?" That data also shows that the. Foreign ownership of U.S. agricultural land doubled from 2009 to 2019, according to U.S. Department of Agriculture (USDA) records, and policymakers have become increasingly concerned about foreign control of the U.S. food supply. 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. (ChinaOwnsUs campaign). As a Premium user you get access to background information and details about the release of this statistic. The company was founded in Smithfield, Virginia, in 1936 and was acquired by Hong Kong-based WH Group in 2013. This is the second reason the Chinese want Treasurys; they are essentially redeemable in dollars. For example, foreign investors can set up limited liability companies in the U.S. and designate an American owner to circumvent the reporting requirements while still controlling the operation behind the scenes, said Joe Maxwell, president of the progressive advocacy group Family Farm Action. For example, the huge amount of debt that the U.S. government owes Chinese lenders has been the subject of countless debates, headline news stories, and political platforms for decades. Nonagricultural land (such as homesteads and roads) accounted for 2%. Conspiracy theorists suggested Gates was buying up millions of acres of U.S. farmland for nefarious reasons, according to the fact-checking service Snopes, with some claiming that Gates owned 80% of all U.S. farmland. Nord Stream explosions hard to cover up - asiatimes.com Q4: What federal solutions are being discussed? It amounted to about 192,000 of the. CNBC's Uptin Saiidi explores some of China's biggest assets in New York and explains how the tr. These include: AMC Entertainment (entertainment), Cirrus Wind Energy (energy), Complete Genomics (health care), First International Oil (energy), G.E. How Did the U.S. National Debt Get So Big? Of the 109 countries that own U.S. agricultural land, China ranks No. Understanding the actual extent and impact of Americas debt to China requires a closer look at these massive amounts of money. Subsequently, China and other international players would be obligated to accede to an audit that can be reviewed by the nonprofit Public Company Accounting Oversight Board, which oversees audits of all U.S. companies that endeavor to raise money in public markets. of all foreign-owned land, cropland accounted for 29%, and pasture and other agricultural land for 22%. 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. Most of the rest of the U.S. debt is owned by individual investors, corporations and other public entitiesincluding foreign creditors like the Chinese government. This includes everyone from retirees who purchase individual U.S. Treasurys to the Chinese government. A2: On a large scale, these acquisitions do not represent a substantial enough portion of food production in the United States to threaten national food security. But you'll still see the malls and streets of the big cities filled with Christmas decorations, fir trees, Santa Claus and carols. Why China Buys U.S. Debt With Treasury Bonds - Investopedia Anyone anywhere can purchase shares of WH Group on the Hong Kong Stock Exchange. 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. Since this strategy is dependent on exportsover $ 452.58 billion of which went to the U.S. in 2020China needs ever-more renminbi to continue to have a lower currency exchange rate than the U.S. dollar, and thus offer cheaper prices for the products it exports. Representative Grace Meng expressed concern that the amendment could fuel already rising anti-Asian hate, and the USDA and advocacy groups have pointed out that the USDA does not have the authority to intervene in private land deals. Pressing Challenges to U.S. Army Acquisition: A Conversation with Hon. 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. Smithfield is vertically integrated and owns all aspects of its supply chain, meaning that WH Group now controls a significant portion of U.S. pork production and revenue in addition to farmland. That would hurt China's competitiveness by raising the yuans value relative to the dollar. This amount is subject to market fluctuations. or redistributed. The House Bill is being reviewed by the Committee on Financial Services and the Committee on Agriculture. That made the yuan more attractive to forex traders in global markets. In addition, the U.S. Treasury Department has a proven track record of being able to find new creditors very quickly when needed. Well, really, the hallmark has been an almost otherworldly disconnection from the actual affairs of the United States. How Much U.S. Farmland Does China Really Own? More Than Bill GatesAnd On the other hand, if China were to call in its debt, the demand for the dollar could plummet. The other 189,000 acres were worth $235 million when purchased and are owned by 62 U.S. corporations with Chinese shareholders. Hilton Hotels Since 1919, Hilton has become a household name throughout the U.S. and other countries. The top two foreign holders of U.S. debt are Japan and China. | Disney is in no way owned by Chinese interests in terms of shareholders. Manuel Balce Ceneta/AP Photo. Its a massive undertaking to verify who really owns [the land], Maxwell said. China holds the number two position, holding $980.8 billion of U.S. Treasurys3.2% of the total U.S. debt. Foreign Purchases of U.S. Agricultural Land: Facts, Figures, and an In 2016, HNA Group, Chinese aviation and shipping giant, bought a 25% stake for $6.5 billion. Profit from the additional features of your individual account. A5: Land grabbing is more of an immediate threat to food security in other parts of the world than it is in the United States, but it could become a greater threat in the future if more farmland is sold and if foreign investors continue to buy available farmland. Additionally, Walmart has never owned Dollar Tree and has no plans to acquire the business. China also is liberalizing its control of the yuan, also called the "renminbi." What does China own in the U.S.? | CNBC Explains - YouTube While foreign land ownership has been reported in all 50 states and Puerto Rico, the holdings are concentrated in particular states. National Association of Realtors. Mutual Fund and ETF data provided by Refinitiv Lipper. The NYFC also points to both urban and rural development as a threat to the future of U.S. farms, since converting farmland to other uses drives up prices and makes the land unaffordable for beginning farmers. This is partly because Japan is seen as a much friendlier nation and because Japans economy has been growing more slowly than Chinas over the last several years. Securities. It's more of a novelty day like Valentine's Day, rather than a religious celebration. Register in seconds and access exclusive features. Historically, between 20,000 and 40,000 residential properties were bought by. Even so, large land purchases present various localized concerns in the places where they occur. China is the second-largest holder of the debt, even after it reduced its holdings, which it has been doing since 2011. Q1: Where and why are foreign entities purchasing farmland in the United States? Agricultural Land. Foreign entities buy agricultural land for a variety of reasons, such as food production, wind farming, carbon offsets, or speculative investments. The rest of the $29 trillion national debt is owned by either people in the U.S. or by the U.S. government itself. Definition and Analysis, What Is National Debt and Where It Fits Within the Economy, Alexander Hamilton and the National Economy, The History of US Government Financial Bailouts, What Was the Open Door Policy in China? Walmart is founded and owned by the Walton family. ThoughtCo. Q5: What is the real threat to U.S. food security? That's a decline of. This has been common practice for many countries ever since the Bretton Woods Conference in 1944. Chinese agricultural land ownership only increased about 550 acres from 2015 to 2019. If the Chinese suddenly decided to call in all of the federal government's obligations (which isn't possible, given the maturities of debt securities), others would likely step in to service the market. How America got outmaneuvered in a critical mining race Along similar lines, climate-related efforts to increase biofuel production and expand afforestation and reforestation could reduce the amount of land available for food production in the future.

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