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Chinese investors own about .03 percent of America’s farmland, according to federal data. But their land purchasing is becoming a major issue as politicians at the state and federal level ramp up their fight against perceived threats from China.

In the past couple of months, lawmakers in more than two dozen states have passed or considered legislation restricting Chinese purchases of U.S. farmland. 

And former President Trump has promised that if he retakes the White House, he will ban Chinese investors from buying U.S. farmland and other critical infrastructure, and force sales of their current holdings. 

“China has been spending trillions of dollars to take over the crown jewels of the United States’s economy,” Trump said in a campaign video in January. 

“To protect our country, we need to enact aggressive new restrictions on Chinese ownership of any vital infrastructure in the United States, including energy, technology, telecommunications, farmland, natural resources, medical supplies and other strategic national assets.”

Florida Gov. Ron DeSantis (R) signed multiple bills this month that prohibit Chinese citizens from purchasing land in the state. Last month, the North Carolina House passed a bill that would ban the governments of “foreign adversaries” from purchasing agricultural land as well as any land within 25 miles of a military installation. And the Texas Senate passed a bill last month that would ban citizens of China from buying property, with certain exceptions. 

Lawmakers on the federal level are also pushing legislation to block China from buying farmland. A bipartisan group of senators have introduced a bill, known as the PASS act, that would prohibit nationals of China, Russia, Iran and North Korea from buying U.S. agricultural land or investing in American agricultural businesses. 

Other legislation focuses specifically on the Chinese government. The House easily passed an amendment to the Republican’s energy bill in late March prohibiting the Chinese Communist Party from purchasing U.S. farmland or land used for renewable energy. The broader bill was dead on arrival in the Democrat-controlled Senate.  National security threat?

Chinese ownership of U.S. farmland has increased fivefold over the past decade, according to U.S. Department of Agriculture (USDA) data, from 69,000 acres in 2011 to almost 384,000 acres in 2021. That amounts to about 1 percent of the 3 percent of all U.S. farmland owned by foreign nationals. 

The rate of this increase has not been even. A large portion of the increase came from a single purchase in 2013, when the Chinese company WH Group bought Smithfield Foods, the largest pork producer in the U.S. 

After that, the amount of U.S. farmland owned by Chinese investors remained largely stagnant until 2019. Chinese-owned farmland increased by more than 136 thousand acres between 2019 and 2021, but this was almost entirely from acquisitions by U.S. companies with Chinese shareholders.

The new Republican majority in the House of Representatives has sought to make China a central focus, creating a select committee on “strategic competition between the United States and the Chinese Communist Party.”

One of the Republicans on the committee, Rep. Dan Newhouse (R-Wash.), has repeatedly introduced legislation to prohibit the Chinese government from buying U.S. agricultural land. 

“I’ve always said that food security is literally national security,” Newhouse said at the committee’s first hearing in late February.

Former Trump national security adviser H.R. McMaster, who testified at the hearing, agreed that this issue is cause for concern. He said the Chinese government is engaging in a concerted effort to make U.S. agriculture dependent on China.

“I describe in my written testimony the three Cs of co-option, coercion and concealment,” he said. “Co-opt by trying to build dependencies from U.S. agriculture on the Chinese market. And then, hey, once your in, then to use that for coercive purposes.”

However, a 2021 analysis by the bipartisan Center for Strategic and International Studies (CSIS) found that foreign purchases of U.S. agricultural land are not a major threat to U.S. food security.

“The United States currently produces more than enough food per capita, even after adjusting for food waste,” CSIS analysts Jamie Lutz and Caitlin Welsh wrote. “Food insecurity among U.S. families is primarily driven by poverty, not a lack of food.”

Newhouse’s press secretary, Mike Marinella, said in an interview that even though Chinese investors currently own only a small portion of American farmland, the U.S. should be concerned about what could happen in the future.

“We don’t want to have to buy our food from China,” Marinella said.

Another area of concern is Chinese land purchases near military infrastructure. In 2021, Texas lawmakers passed legislation to prohibit a company owned by a Chinese billionaire from building a wind farm on 15,000 acres of ranchland near a U.S. Air Force base. 

That same year, Chinese food manufacturer Fufeng Group purchased 300 acres of farmland near Grand Forks Air Force Base in North Dakota to build a corn mill, which the Pentagon deemed a threat to national security. 

Eric Chutorash, the chief operating officer of Fufeng Group’s U.S. subsidiary, repeatedly denied that the plans posed a security risk, as the company is publicly traded and not affiliated with the Chinese government. In February, however, the Grand Forks City Council voted unanimously to block the project. Fueling anti-Asian sentiments

Some critics of efforts to limit Chinese purchases of U.S. farmland argue they could contribute to anti-Asian sentiments.

In a House Appropriations Committee hearing last year, Rep. Grace Meng (D-N.Y.) criticized an amendment from Newhouse to ban companies owned wholly or in part by the Chinese government from purchasing U.S. farmland. She said singling out China would “perpetuate already rising anti-Asian hate.”

“If the concern is about U.S. national security, other countries also should be included in this conversation,” Meng said.

Neysun Mahboubi, a research scholar at the University of Pennsylvania’s Center for the Study of Contemporary China, said the hostile rhetoric toward China can be dangerous.

“[In] our American political culture, once we identify something as threatening, we’re not very good about talking about it in a nuanced and subtle way,” he said. Target removes some LGBTQ merchandise from stores after threats to workers Most Americans favor clean debt ceiling increase: poll

Mahboubi said it is important to discuss threats posed by China in a nuanced manner, especially given the high amount of trade the U.S. conducts with China. 

“We’re concerned about the implications for our food security of actions that China takes, [China could become] worried about what are the implications of their food security from actions that we take, until we’re locked in this sort of downward spiral,” Mahboubi said.

“I don’t think anyone can particularly anticipate how far it’s going to go or how damaging it could be.”

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George to ‘enhance’ program at Bowling Green

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George to 'enhance' program at Bowling Green

BOWLING GREEN, Ohio — Eddie George was pondering the next steps in his burgeoning career as a college football coach while driving back from the NFL scouting combine.

He got a sign in the most unlikely of places.

George was driving through Bowling Green, Kentucky, on his way back to Nashville when he received a text from Urban Meyer asking if George would be interested in returning to Ohio and being the coach at Bowling Green.

After a couple weeks of discussions, George was formally introduced on Monday as the 21st head coach in school history.

“It feels like a whirlwind. Last week felt like a whole month in terms of the interviews and the process,” George said during his introductory press conference at the Stroh Center. “This is not going to be an easy process. We still have a lot of work to do to get across the finish line.”

George replaces Scot Loeffler, who left Bowling Green on Feb. 28 to become the Philadelphia Eagles’ quarterbacks coach. Loeffler had a 27-41 record in six seasons, including bowl appearances the past three seasons.

Meyer, who coached BG for two years before going on to Utah, Florida and Ohio State, was one of many former coaches and players that athletic director Derek van der Merwe had discussions with about candidates.

George returns to Ohio — where he won the 1995 Heisman Trophy at Ohio State — after being the head coach at Tennessee State for four years. He had a 24-22 record and took a program that had struggled to its first Football Championship Subdivision playoff spot since 2013 this past season.

The Tigers went 9-3 in 2024 and won a share of the Big South-Ohio Valley Conference. George was named coach of the year and was a runner-up for the Eddie Robinson National Coach of the Year award.

Bowling Green was originally supposed to start spring practices on Wednesday, but that will be delayed a couple of weeks as George finalizes his coaching staff.

“I wouldn’t say it’s great timing. But when I took over at Tennessee State, it was in the spring, ironically. It took us some time to get there, but we got there,” George said. “I think now the goal is how do we get to September? It’s going to take diligence for us to be focused, operate with a great attitude and be intentional.”

George played nine seasons in the NFL, including eight with the Tennessee Titans. He was the 1996 AP NFL Offensive Rookie of the Year and an All-Pro selection in 2000. He finished with 10,441 yards rushing with 268 catches for 2,227 yards and had 78 total touchdowns. He was inducted into the College Football Hall of Fame in 2011.

George also interviewed with the Chicago Bears for their head coach opening in January.

Besides coaching, George has been an actor who appeared on Broadway in New York, along with other business interests. He also has taught as an adjunct professor at his alma mater Ohio State and Vanderbilt University.

“After meeting with Eddie, it became very clear to me that Eddie checked every aspect of that profile that we created. He is someone who cares about people, values, personal growth and development, defines himself by his ability to adapt, adjust, and have success in every aspect of his life,” van der Merwe said.

George spent the 2004 season with the Dallas Cowboys before retiring in 2006. His wife Tamara “Taj” George is a member of the group Sisters with Voices (SWV) and they have two sons. Eriq George has been a starting defensive end the past two seasons for Tennessee State.

Bowling Green has been a successful springboard for past coaches. Besides Meyer, Dave Clawson and Dino Babers had successful tenures that propelled them to jobs at Wake Forest and Syracuse.

However, this could be a rebuilding year for the Falcons. All-America tight end Harold Fannin Jr. is a top prospect in the upcoming NFL draft while wide receiver Malcolm Johnson Jr. and quarterback Connor Bazelak are graduating. Running back Terion Stewart transferred to Virginia Tech.

“We don’t stray away from what made this program successful. I’m not here to blow it up. I’m here to enhance it,” George said.

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Technology

Fintech stocks plummet as Wall Street worries about consumer spending, credit

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Fintech stocks plummet as Wall Street worries about consumer spending, credit

People wait in line for t-shirts at a pop-up kiosk for the online brokerage Robinhood along Wall Street after the company went public with an IPO earlier in the day on July 29, 2021 in New York City.

Spencer Platt | Getty Images

It was a bad day for tech stocks, and a brutal one for fintech.

As the Nasdaq suffered its steepest decline since 2022, some of the biggest losers were companies that sit at the intersection of Wall Street and Silicon Valley.

Stock trading app Robinhood tumbled 20%, bitcoin holder Strategy fell 17% and crypto exchange Coinbase lost 18%. Much of the slide in those three stocks was tied to the drop in bitcoin, which fell almost 5%, continuing its downward trajectory. The price of the leading cryptocurrency is now down 19% in the past month, falling after a big-post election pop in late 2024.

Beyond the crypto trade, online lenders and payments companies also fell more than the broader market. Affirm, which popularized buy now, pay later loans, dropped 11%, as did SoFi, which offers personal loans and mortgages. Shopify, which provides payment technology to online retailers, fell more than 7%.

JPMorgan Chase fintech analysts on Monday highlighted declining consumer confidence as a potential challenge for companies that rely on consumer spending for growth. In late February, the Conference Board’s Consumer Confidence Index slipped to 98.3 for the month, down nearly 7%, the largest monthly drop since August 2021. Walmart recently reported a shift away from discretionary purchases, underscoring the potential trouble.

“Our universe has modestly outperformed the S&P 500 since the election, but sentiment has soured of late on declining consumer confidence and signs of slowing discretionary spend,” the JPMorgan analysts wrote.

The fintech selloff follows a strong rally in the fourth quarter, driven by Fed rate cut expectations and hopes for a more favorable regulatory environment under the Trump administration.

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Environment

Tesla (TSLA) insider trading: Elon’s friend James Murdoch just unloaded $13 million

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Tesla (TSLA) insider trading: Elon's friend James Murdoch just unloaded  million

James Murdoch, a Tesla board member and friend of CEO Elon Musk, has confirmed that he sold about $13 million in stock today as the stock (TSLA) crashed.

There has been a lot of insider trading at Tesla lately, and by trading, we mean selling – cause no insider is ever buying at Tesla.

We recently reported on Kimball Musk, Elon’s brother, and Tesla’s Chief Financial Officer Taneja Vaibhav recently selling ahead of a recent drop in the company’s stock price.

Tesla’s chairwoman, Robyn Denholm, also sold $33 million worth of Tesla shares last week and over $100 million in the last 3 months.

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Now, it’s James Murdoch’s turn. The Tesla board member just confirmed, through a required SEC filing, that he sold 54,776 Tesla shares for just over $13 million today:

He sold as Tesla’s stock crashed 15% today. It is now down more than 50% from its all-time high just a few months ago.

Murdoch was appointed to Tesla’s board in 2017.

He is better known as the son of media mogul Rupert Murdoch and the former CEO of 21st Century Fox from 2015 to 2019.

Murdoch was one of the Tesla board directors who was forced to return almost $1 billion in cash and stock options to Tesla as part of a settlement for over-compensation.

Electrek’s Take

Tesla insiders are unloading, and those are just the ones we know about. Public companies only have to report insider trading for board directors and listed top executives.

For the latter, Tesla purposefully only lists 3 people: Elon, Vaibhav Taneja, Tesla’s CFO, and Tom Zhu, whose role at Tesla has bit quite fluid in recent years.

Therefore, we don’t know about the dozens of other top executives potentially selling their shares right now amid a giant correction.

It’s really suspicious because there are clear top leaders at Tesla who are often on Tesla’s earnings calls, and they are not even listed, like Lars Moravy, for example.

But it’s par for the course at Tesla, which has some of the worst corporate governance I have ever seen. It’s truly shameful.

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