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originally posted by: kwakakev
Pompeo: "Communist China is already within our borders."
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There has been talk for a while that the Demonrats will call up the UN if Trump tries anything, with China making a strong presence.
While Chinese entities only own about 191,000 acres worth $1.9 billion, overall Chinese investment in the agricultural sector has grown tenfold in less than a decade, according to the USDA’s Economic Research Service. For example, ChemChina, a chemical company, recently purchased Syngenta, a Swiss pesticides and seed company.
Foreign investors now own more than 23 million acres of American farmland—roughly the size of Ohio. Foreign investors acquired at least 1.6 million acres of U.S. agricultural land in 2016, the largest increase in more than a decade, according to a review by the Midwest Center for Investigative Reporting of the latest available federal data. The data from the U.S. Department of Agriculture show that foreign investors control—either through direct ownership or long-term leases—at least 28.3 million acres, valued at $52.2 billion. That area is about the size of the state of Ohio.
Reasons for foreign investors to buy American ground vary with the investor. In the case of Maine’s largest private landowner, Canadian timer company Irving Woodlands, their use for their 1.2 million acres is pretty clear. Approximately 8.8 percent of Hawaii is also foreign-owned, with most of those acres going for cattle pasture. But in terms of the Netherlands, a nation with only 16 million citizens that still comes in as America’s No. 3 foreign investor, the answer is simply cold cash.
Most notably, Asians who tend to indulge in cross-border property investments are mostly from China. Having taken over the US in terms of international buying power, they are a force to be reckoned with. They represent tremendous opportunities for real estate sellers around the world. However, sellers will have to cross certain challenges such as how to reach out, communicate and engage with them.
Why is the Chinese such a formidable market for real estate?
China boasts some of the wealthiest people on the planet, most whose personal fortunes can dwarf treasuries of medium-sized countries, and the growing population of high-net-worth Chinese now also has their eyes set on international property. According to IMR forecasts and Bloomberg calculations, China will be the world’s biggest growth engine in the years ahead and Chinese buyers are expected to be the leading group in global property acquisition.
In the past few years, Chinese buyers have started to make their presence felt on the global property market, snapping up everything from luxurious trophy homes and vineyards, to more modest condominiums and investment opportunities. For many Chinese, global property investment is an emerging opportunity which until recently was out of reach.
Second only to the US in terms of international buying power, Chinese buyers represent a tremendous new market opportunity for property sellers around the world. Yet, new opportunity brings new challenges in reaching, communicating and engaging this new market.
I don't know why people are buying into the "Biden is going to hand us over to China" fear mongering.