The amount of farmland owned by Chinese investors has remained relatively steady in recent years, according to the AFIDA data. Japancommands the top spot among foreign creditors with $1.2 trillion4% of total U.S. debtowed by the U.S. government. 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. But, exactly how much does the nation own? 2 Which Country Owes the Most Money to China? In late May, the Senate unanimously passed the bipartisan Holding Foreign Companies Accountable Act in a bid to force foreign companies with China at the likely forefront to adhere to U.S. securities law, and compel some to be removed from American stock exchanges. A1: USDA records provide the best source of information on foreign-held agricultural land, although they are still incomplete and contain many errors (as explained in A3 below). China holdings of U.S. debt fall below $1 trillion for the first time US Navy laments China's shipbuilding supremacy February 27, 2023; US dangles F-35 to lure India away from Russia February 27, 2023; Ukraine marks the future of remote-control war February 23, 2023; China's 'phantom space strike' made to spoof US defenses February 23, 2023; US secretly amassing killer drone swarms to repel China February . China also is liberalizing its control of the yuan, also called the "renminbi." Profit from the additional features of your individual account. Quotes displayed in real-time or delayed by at least 15 minutes. 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. This material may not be published, broadcast, rewritten, or redistributed. The Balance uses only high-quality sources, including peer-reviewed studies, to support the facts within our articles. United States Treasury Fiscal Data. And key Senate lawmakers have already shown interest in efforts to keep American farms in American hands. Canada is the biggest foreign owner of U.S. agricultural and timber land, and owns 4.7 million acres in the United States. As its exports decline, China is less able to invest in U.S. Treasurys. The last significant increase in acres occurred between 2012 and 2013 . Of the total 7.03 trillion held by foreign countries, Japan and Mainland China held the greatest portions. Legal Statement. China owns roughly $1.08 trillion worth of U.S. debt. Last July, a Politico report, citing Agriculture Department statistics for 2020, said Chinese companies controlled about $1.9 billion worth of agricultural land. How much of America do foreigners really own? - MarketWatch Even if these bills had passed, they would have strengthened oversight on purchases of U.S. companies, not agricultural land specifically, leaving most land acquisitions unregulated. Breaking Down the US Debt and Who Owns It. America's farmland is owned by a variety of people and entities, including individuals, companies, and government bodies . Its also a small percentage of the nearly 900 million acres of total American farmland. ", U.S. Department of the Treasury. Even at a slow pace, dollar demand would drop. As a Premium user you get access to the detailed source references and background information about this statistic. How Much U.S. Farmland Does China Really Own? More Than Bill GatesAnd "Under China's Communist Party dictatorship, private companies are forced to bend to the government's will," the report states. "Debt Position and Activity Report, June 2017," Page 1. Citing the nonpartisan economic think-tank Paulson Institute, the American Security Institutereport underscores that "Chinese firms and investors own a controlling majority in nearly 2,400 U.S. The USDA could enforce the portion of the bill that bans Chinese-owned companies from participating in federal benefits programs, but constitutionally, land purchasing falls under states rights, and legislators have made no motions to change that. China is the second-largest holder of the debt, even after it reduced its holdings, which it has been doing since 2011. | However, there are some countriessuch as Niger, Cambodia, and Laoswhose debt to China is more than 20% of their GDP. Now China owns the airspace and Australian citizens can't land in their own country without approval from the Chinese government. 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. She is a library professional, transcriptionist, editor, and fact-checker. Consequences of Owing Debt to the Chinese, Government Bond: What It Is, Types, Pros and Cons, Repurchase Agreement (Repo): Definition, Examples, and Risks, U.S. Debt Ceiling: Definition, History, Pros, Cons, Clashes, Debt-to-GDP Ratio: Formula and What It Can Tell You, Major Foreign Holders of Treasury Securities, Debt Position and Activity Report, June 2017, Debt Position and Activity Report, June 2022, Your Pension Is a Lie: There's $210 Trillion of Liabilities Our Government Can't Fulfill, Frequently Asked Questions About the Public Debt, China's Gold Market: Progress and Prospects, Federal Debt Held by Federal Reserve Banks. Retrieved from https://www.thoughtco.com/how-much-debt-does-china-own-3321769. It would perpetuate already rising anti-Asian hate, Meng warned at the markup. [U]nder Xi Jinping, the Communist party has returned to being the ultimate authority in business," writes The Guardian. The USDA reports that the changes in pasture and crop land holdings since 2009 were mostly due to foreign-owned wind companies signing or terminating long-term leases. 41 on The Land Reports 2022 list of Americans who own the most land. 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. How Much Land Does China Own? | askBAMLand On the other hand, if China were to call in its debt, the demand for the dollar could plummet. Cena's apology made him a darling to Chinese nationalists and a punching bag for U.S. media. ", The World Bank. AMC. Q5: What is the real threat to U.S. food security? U.S . The Chinese government uses U.S. dollars it has on hand to buy Treasurys. The PBOC can print renminbi as needed. Every year since 2010, China has held more than $1 trillion in U.S. debt. How Much U.S. Debt Does China Own? - The Balance TUCKER CARLSON, FOX NEWS: So how would you define the Biden administration? 'American Soil' Is Increasingly Foreign Owned : NPR Then you can access your favorite statistics via the star in the header. Mutual Fund and ETF data provided by Refinitiv Lipper. Those seeking more restrictions say USDAs numbers actually understate the amount of foreign control over American ag operations. Japan held 1.24 trillion U.S. dollars. by Jamie Lutz 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. U.S. Department of the Treasury. 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. Before June 2010, Treasury reports showed that China held about $843 billion in debt. That sounds like a lot of moneybecause it isbut it is actually a little less than the $1.24 trillion China-owned in 2011. Her modest, two-story white farmhouse has . A paid subscription is required for full access. "Total number of residential properties purchased by Chinese buyers in the United States from 2010 to 2022." Q2: What threats do foreign acquisitions of U.S. farmland pose? As a presidential candidate in 2019, Warren said she would support a national version of Iowas law along with safeguards against foreign investors using fake American buyers to circumvent the rules. China holds more than $1 trillion of the U.S. national debt. When you visit the site, Dotdash Meredith and its partners may store or retrieve information on your browser, mostly in the form of cookies. Sign up to receive The Evening, a daily brief on the news, events, and people shaping the world of international affairs. China held 1.1 trillion U.S. dollars in U.S. securities. U.S. Debt to China: How Much Is It, and Why? - The Balance Owning U.S. Treasury notes helps China's economy grow. By the start of 2020, Chinese owners controlled about 192,000 agricultural acres in the U.S., worth $1.9 billion, including land used for farming, ranching and forestry, according to the. Newt says China will 'dominate world' if tech theft isn't stopped, 'it's a matter of life and death', share data with Chinese communist spy agencies. It has held up to $1.3 trillion of U.S. debt. Cookies collect information about your preferences and your devices and are used to make the site work as you expect it to, to understand how you interact with the site, and to show advertisements that are targeted to your interests. 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. How do I know if my stimulus was deposited? The ideal entry-level account for individual users. Food insecurity among U.S. families is primarily driven by poverty, not a lack of food. We also reference original research from other reputable publishers where appropriate. ", TreasuryDirect. Continuing a trend that began early in 2021, China's portfolio of U.S. government debt in May dropped to $980.8 billion, according to Treasury Department data released Monday. Fact check: Smithfield, owned by Chinese firm, sells US-processed meat What country owns the most US soil? - coalitionbrewing.com While a large portion of Smithfield pork was already being exported to China prior to the acquisition, the Covid-19 crisis raised concerns about Chinese control of U.S. food supply chains. The largest holder of U.S. debt is the United States government. Chinese agricultural land ownership only increased about 550 acres from 2015 to 2019. For example, Chinese pharmaceutical companies supply 70 percent of the world's acetaminophen, commonly used in Tylenol. The renewed focus on curbing foreign farm purchases comes as Biden and Agriculture Secretary Tom Vilsack roll out a series of actions to bolster the food supply chain, following major disruptions caused by the pandemic. | or redistributed. 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. China owns roughly 384,000 acres of U.S. agricultural land, according to a 2021 report from the Department of Agriculture. Six states forbid any foreign landholdings, and some, like Missouri, put caps on how much land can be held by foreign entities. World Gold Council. Forbes. 1 Canada (12.8 million acres) and even and the Cayman Islands (672,000). The money flowing into agricultural real estate from other countries also makes it difficult for new farmers in the U.S. to afford land as outside buyers bid up prices. (July 18, 2022). Manuel Balce Ceneta/AP Photo. 2 This amounts to more than 13% of the U.S. debt held overseas and about 3.2% of the United States' total debt load. Jamie Lutzisaresearchassociatewiththe Global Food Security Program at the Center for Strategic and International Studies (CSIS) in Washington, D.C. Caitlin Welsh is the director of the CSIS Global Food Security Program. The debate over farm ownership comes amid broader efforts by Congress and the Biden administration to curb the nations economic reliance on China, especially in key industries like food, semiconductors and minerals deemed crucial to the supply chain. It receives these dollars from Chinese companies that receive them as payments for their exports. WH Groups shareholders include many large U.S.-based financial institutions.".