Investigation Reveals Biden Admin Failed to Track Foreign Ownership of U.S. Farmland

An internal investigation has found that President Joe Biden's administration is not tracking foreign ownership of U.S. farmland, after the second-largest foreign landowner was recently identified as a member of the Chinese Communist Party.

The U.S. Department of Agriculture (USDA) does not consistently share timely data on foreign investment in farmland as required by law, a U.S. General Accounting Office (GAO) investigation has found.

accountability body reportThe USDA was found not to be in compliance with the regulations, announced Thursday. Agricultural Foreign Investment Disclosure Act of 1978t (AFIDA) requires information about foreign land investors to be recorded in a database as part of the annual report to the U.S. Congress.

“The U.S. Department of Agriculture (USDA) does not share in a timely manner data on foreign investments in farmland collected under the Agriculture Foreign Investment Disclosure Act (AFIDA) Amendments of 1978,” the GAO report said. He added that this failure was the cause. “Potential National Security Risk”

Investigators say the USDA's “flawed” intelligence tracking process makes it impossible to report “reliable information to Congress and the public about where and how much foreign nationals own U.S. farmland.” said.

GAO said it conducted the study after the USDA “estimated” that foreign investment in U.S. farmland increased to “approximately 40 million acres in 2021.”

“These investments may have implications for U.S. national security,” the report warns. “For example, there may be foreign ownership of U.S. agricultural land near sensitive military installations.”

The report was released immediately after the incident shocking fact Reports have emerged that a Chinese billionaire may have somehow been under government surveillance for nearly a decade as the second-largest foreign owner of U.S. farmland.

according to land report“Tianqiao Chen has been staring us straight in the face for almost 10 years.”

Billionaire Chen Tianqiao, founder and chairman of Shanda Group, speaks in an interview in Singapore, Friday, June 9, 2017. (Sanjit Das/Bloomberg via Getty)

In 2015, CCP members acquired approximately 200,000 acres of land in Oregon from Fidelity National Financial Ventures for $85 million ($430 per acre).

“Mr. Chen did so through his investment firm Whitefish Cascade Forest Resources, Inc.,” the outlet reported. Oregon tax records showed in December that the 198,000-acre parcel is now owned by Cheng's company, Shanda Asset Management LLC.

Several MPs immediately called for increased government accountability. Congresswoman Elise Stefanik (R-NY) Said of new york post He said the Biden administration has “dropped the ball” on protecting farmland from hoarding by “foreign adversaries.”

But the land purchase was made under the Obama administration and remained hidden during former President Donald Trump's tenure.

“Communist China is purchasing American farmland in order to subvert American sovereignty, weaken our agricultural industry, compromise our military installations, and upend American rural communities,” Stefanik said. .

Sen. Jon Tester (D-Mont.) renewed his call on Congress to secure America's lands. statement react to news from land report:

While we learn more about the details of this developing situation, we hope that Congress will protect America's agricultural security and prevent foreign adversaries from taking control of our nation's food supply, while at the same time It highlights the need for further action to gain access to land near military locations.

In the wake of the latest GAO report's dire conclusions, more politicians have expressed concern.

“This report confirms one of our biggest concerns: not only is the Department of Agriculture unable to answer questions about who owns what land and where, but we are There is no plan within USDA to reverse this dangerous flaw that impacts the supply chain and society, said Rep. Dan Newhouse (R-Wash.). statement. “Food security is national security, and we cannot allow foreign adversaries to affect our food supply while we butt heads.”

“We are looking forward to hearing from USDA's internal reports and revealing to Congress and the American people exactly who is investing in the more than 40 million acres of U.S. farmland that have reported ties to foreign parties,” he said. “We will introduce measures aimed at correcting data management.”



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