U.S. Congressman Mike Flood and House Oversight and Committee Republicans are pushing Comptroller General Gene Dodaro of the U.S. Government Accountability Office (GAO) to study foreign investment in U.S. farmland. They want to know the impact the investment has on national security, trade, and food security.
Flood says the call to action comes as China’s ownership of U.S. farmland poses a growing threat to America’s food and national security.
“Foreign ownership and investment in U.S. agricultural land has nearly doubled in the past decade. This growing trend has elevated concerns regarding national security in a time of uncertainty that is already compounded by challenges to our supply chain infrastructure, high input costs for farmers, and geopolitical pressures,” the Members of Congress wrote in their letter.
“It is critical for Congress to have a thorough understanding of foreign investment in our nation’s agricultural land.”