Who owns America?: 'Shortcomings' on foreign ownership data leave gaps in private and government figures

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Who owns America?: 'Shortcomings' on foreign ownership data leave gaps in private and government figures
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Who owns America: 'Shortcomings' on foreign ownership data leave gaps in private and government figures

The February shootdown of a Chinese spy balloon off the East Coast after it traversed the continental U.S., combined with a local city council finally rejecting the Chinese government-linked Fufeng Group's plans for a site very close to Grand Forks Air Force Base in North Dakota, helped crystallize the challenge but also highlighted U.S. weaknesses in addressing it.The U.S. Department of Agriculture’s annual report, for which 2021 is the most recent year, concluded there are 40.

Sen. Mike Braun asked Agriculture Secretary Tom Vilsack, during an exchange in a mid-March Senate hearing, whether the USDA believed China, Russia, Iran, and North Korea should own American farmland.“I’m worried about them owning more in the future," Braun said, repeating his question. Rep. Dan Newhouse told the Washington Examiner that “we have numbers for what we know” about Chinese ownership, but he cautioned that “we don’t know what we don’t know.”That means foreign purchases “may be happening that we just don’t know about,” he added.

Renee Johnson, a CRS agriculture specialist, presented at a USDA forum in February, and she laid out “shortcomings,” including “unreported” purchases, “limits on policing disclosure” due to massive transaction volume, and the “incentive for non‐reporting/anonymity to hide the extent of their investment to avoid possible federal or state action.”

Vilsack has since acknowledged that the USDA “has a very limited investigatory or legal enforcement power.” He lamented there are “more than 3,000 counties in this country,” each with a different recorder’s office, calling it “a system where there is a gap in terms of our ability to know what transactions are taking place.”

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