A “farmland buying spree” by Wall Street hedge funds and China is turning American farms into “corporate fiefdoms,” Democrat presidential candidate Robert F. Kennedy Jr. says.
, Chinese investors bought up $6.1 billion worth of United States housing, real estate, and land. Kennedy, in a Twitter post, criticized the federal government’s allowing hedge funds and foreign countries like China to buy up American land.
The Center for Research on Globalization report posted by Kennedy details how a small group of corporate behemoths dominate the nation’s food industry and, thus, have a stake in who controls American farmland., owns nearly 384,000 acres of American farmland –195,000 acres of which were purchased by Chinese investors and the other 189,000 acres of which were purchased by U.S. corporations with Chinese shareholders.
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