China Is Making a Major Play for American Farms and Farmland

Companies backed by the Chinese government are making Big Ag acquisitions in the U.S. The American farmer is revered in our culture. He—the mythical American farmer is invariably a man—is in many ways a professional embodiment of values, such as individualism and hard work, that are considered part of the national identity. With their backbreaking work, farmers settled the growing West through the 1862 Homestead Act. It’s not a stretch to say that farmers, riding the wave of manifest destiny, built the United States. Today, they continue to feed it. But the days when anyone could pick up a pitchfork and become a farmer are long gone. Farmland can cost an average of $4,000 per acre in the United States, and most farms have roughly 1,100 acres. Some of the biggest crops, such as corn and alfalfa,aren’t even grown to feed people. Thanks to globalization, food grown in the […] Read More