“Major U.S. food and agriculture companies have been bought by foreign companies and American farmers and families have raised many questions about the economic impacts of foreign purchases in our food supply,” said committee Chairwoman Debbie Stabenow (D-MI). “The American people deserve careful consideration of how foreign investment will affect the future of our farms, ranches, and agricultural economy,” she said, noting that foreign investors today hold an interest in nearly 40 million acres of American farm and forest land. Foreign ownership has increased 66 percent since 2010, nearly two million acres per year.
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