“No, China Is Not Buying Up All U.S. Farmland,” Cornell Says [Forbes]
Hormel Foods Corporation (HRL)
Last hormel foods corporation earnings: 2/20 06:30 am
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Source: Forbes
China's critics in the U.S. suggest the country has been buying inordinate amounts of amounts of American farmland. “As president, I will do everything in my power to force China to sell every inch of land it owns,” former South Carolina Governor however, says Chinese ownership isn't as large as some politicians make it out to be. Countries classified by the federal government as an “adversary,” such as China, held only 1% of the roughly 40 million acres of foreign-owned farmland as of 2020, assistant professor Wendong Zhang and collaborators found. The survey was based on a federal dataset of more than 40,000 foreign investments in U.S. agricultural land. Neighboring Canada topped the list of top foreign countries in terms of ownership of U.S. agricultural land. It held about a third, much of it forestland in Maine and Michigan — two states that border Canada, Cornell said in a report on Wednesday. The U.S. at the federal level doesn't ban foreign land ownership, Cornell noted
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HRL
Earnings
- 5/30/24 - Beat
HRL
Sec Filings
- 6/13/24 - Form 4
- 6/13/24 - Form 4
- 6/13/24 - Form 3
- HRL's page on the SEC website