Chinese buying US farmland?

jacks · Mar 3, 2012

A friend was looking at farmland acreage for sale in western VA recently. The real estate agent told him that he just had two gentlemen from China that had flown in that day, and had come to the US to look at farmland. Has anyone else heard of this happening in your area? I guess if China were to cash in the us bonds that they own, they could buy a lot of land.

wisbaker · Mar 3, 2012

Why conquer us when they have enough money to buy us? Then they save bullets for people that are to smart to get deep in debt to them.

oldtanker · Mar 3, 2012

It's been in the news, where have you been?

Rick

LenND · Mar 3, 2012

A Chinese company bought 51% of a local coop elevator quite a few years ago. I guess nobody locally would give them enough money when it was for sale.

rrlund · Mar 3, 2012

Don't know why they'd bother buying. A few years they'll just call in their loans and own the whole place anyway.

screwstick · Mar 3, 2012

They are buying a lot of land in South America as well. Some farms they are also sending in Chinese labor to replace the locals.
http://www.nytimes.com/2011/05/27/world/americas/27brazil.html?pagewanted=all

Anonymous-0 · Mar 4, 2012

Can't buy any in china, only 99 year lease, Australia is the same as the USA, Our Foreign investment board will not look at any purchases under $250 million {I think but a ridiculous amount} not agregated so they can buy all the farms in the country. Stupid Politicans.
Needs a monumental overhaul.Pollies also.

Texasmark1 · Mar 4, 2012

I think it was in the '80's that the Japanese did it all the time. Nothing new.

Mark

Ultradog MN · Mar 4, 2012

When they start bringing it back with them to China I'll get worried.

Traditional Farmer · Mar 4, 2012

No big deal if we keep borrowing money from them our children and grandchildren will all be laborors/slaves on the Chinese owned farms.Ain't job security a great thing.

MFPoor · Mar 4, 2012

The Chinese are starting to see the problems that go along with a growing economy. They're just one big mistake away from being the NEXT country with overwhelming financial problems. When they do go under water, we can buy back the debt they own for pennies on the dollar. The sky really isn't falling Chicken Little.....

Best advice for dealing with todays world economy? Same as it's always been....DO NOT PANIC. Things will eventually go in the other direction.

Earl Gray · Mar 4, 2012

If you would do some research instead of just ranting you would find out that very little of the US debt is owned by China, most is held by US citizens!

Bruce from Can. · Mar 4, 2012

Happening in Canada too!! We seem to prefer to run to Walmart and buy their shinning beads and mirors and bright cloth. sound familular??

RossMN · Mar 4, 2012

"Here" The local Indian casino's are buying farmland with a BTO farming it. Also back in the 70's several German investors bought farmland north and west of here. Some was sold on an auction 2 years ago.

Ultradog MN · Mar 4, 2012

Remember that case a few years ago where the Shakopee Tribe was buying land all around them and trying to call it tribal? No taxes to the county then. MN Supreme Court shot that notion down. Nice try though.

mb58 · Mar 4, 2012

The Chinese paid 13 million for several thousand acres of cropland here in louisiana.

IndianaRed · Mar 5, 2012

It"s over a trillion the Communists in China are holding. That"s kind of a lot to me.

Chinese buying US farmland?

jacks

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wisbaker

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oldtanker

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LenND

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rrlund

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screwstick

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Anonymous-0

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Texasmark1

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Ultradog MN

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Traditional Farmer

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MFPoor

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Earl Gray

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Bruce from Can.

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RossMN

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Ultradog MN

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mb58

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IndianaRed

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