Chinese investors own 384K acres of US land: report

Chinese investors’ US land holdings amount to almost twice the size of New York City, a recent government report revealed.

Chinese buyers own 384,235 acres of American soil, according to a report on foreign-held land filed last month by the US Department of Agriculture (USDA).

That number outsizes the measly 193,700 acres occupied by New York City — not to mention Microsoft billionaire Bill Gates’ own 270,000 acres of farmland.

The most recent Chinese land buyer is Fufeng Group, a food manufacturer that purchased 300 acres in North Dakota “with plans to build a wet corn milling and biofermentation plant” in 2022.

Prior to the Fufeng Group purchase, investors from China owned about 0.9% of foreign-owned agricultural land in the US, the USDA said. The land was worth $2.1 billion, Newsweek reported.

The results of the USDA report come two weeks after Andrew Hunter, an assistant secretary with the Department of the Air Force, sent a letter to North Dakota Sens. John Hoeven and Kevin Cramer discouraging the Fufeng project.

Hunter noted that the Fufeng land is located close to Grand Forks Air Force Base, which uses sensitive drone technology.

“The proposed project presents a significant threat to national security with both near- and long-term risks of significant impacts to our operations in the area,” he wrote in the Jan. 27 missive to Hoeven.

The senators issued a joint statement on Jan. 31 encouraging Grand Forks to “discontinue the Fufeng project” and “work together to find an American company to develop the agriculture project.”

With Post wires