Foreign ownership of America Farmland equals 25million acres, the size of Virginia, 3% of our national total of farmland acreage.
-China owns >400 Farms
-Italy and NZ own significant acreage
-Saudis and UAE own equivalent of Rhode Island
-China owns >400 Farms
-Italy and NZ own significant acreage
-Saudis and UAE own equivalent of Rhode Island
30 percent of American farmland is owned by non-operators who lease it out to farmers.
-In 1970 the average going price was $419 per acre
-By 2016, the price per acre was $7,183
-Titanic increase of 1,600 percent
-In 1970 the average going price was $419 per acre
-By 2016, the price per acre was $7,183
-Titanic increase of 1,600 percent
In the same period, the Dow Jones Industrial Average rose less than half as fast, from $2,633 to $21,476.
Farmland outperformed most asset classes for the previous 20 years.
Farmland outperformed most asset classes for the previous 20 years.
Bill Gates is the largest private owner of arable land. He owns 268,984 acres of land combined across 19 states. Of that number, 242,000 acres are of farmland, 25,750 acres are of transitional land and 1,234 acres are of recreational land.
Wiith a median age for the American farmer of about 55, it is anticipated that in the next five years, some 92,000,000 acres will change hands, with much of it passing to investors rather than traditional farmers.
Investment entities that own the land can control what’s grown on it and how. What does this mean for food security? What happens when a small few contol a monumental majority of farmland? Who benefits? Who suffers?
When do social politics come in to play? Can food be shifted away from regions with less popular political opinions? What about those areas rife with 'domestic terrorists'? Can industry partner with govt to starve them out or perhaps strain their resolve?
Owner-operated farms are America s best hope to avoid the pitfalls of a consolidated food supply ripe for exploitation.
In 2013 America’s largest producer of pork, the Smithfield Company, was purchased by a Chinese company called Shuanghui—which subsequently changed its name to the WH Group. The company receives substantial funding from the Chinese government.
China now controls more than 400 American farms consisting of a hundred thousand acres of farmland, with at least 50,000 in Missouri alone.
The Chinese entity also owns and controls CAFOs (concentrated animal feeding operations), 33 processing plants, the distribution system—resulting in one out of every four American hogs being processed by a Chinese Communist Party supported company on American soil.
But not to worry, they only want to feed you 😉
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