Congress Concerned About Foreign Investment in US Farms

The transcript discusses concerns over a Chinese company's purchase of farmland near a US Air Force base in North Dakota. Senator Kevin Cramer raised national security concerns, leading to an Air Force investigation and the project's cancellation. The role of the Committee on Foreign Investment in the United States (CFIUS) is examined, highlighting its limitations in this case. The incident prompted policy changes, expanding the list of military sites triggering CFIUS review. The transcript also notes the increase in Chinese-owned US farmland, though it remains a small percentage of total foreign-owned agricultural land.

What was the primary concern regarding the Fu Fang Group's purchase of farmland in North Dakota?

• Loss of local jobs

• Proximity to a US Air Force base

• Environmental impact

• Economic downturn

What action did the City Council take in response to the Air Force's investigation?

• Expanded the project

• Cancelled the project

• Delayed the project

• Approved the project

What is the role of the Committee on Foreign Investment in the United States (Cypheus)?

• To regulate domestic investments

• To review foreign investments related to national security

• To manage agricultural exports

• To oversee military operations

Why did Cypheus not act in the North Dakota farmland case?

• The project was environmentally friendly

• The company was American-owned

• The investment was too small

• The land was not near a designated military site

How much more US farmland does China own now compared to a decade ago?

• Five times as much

• Four times as much

• Three times as much

• Twice as much