On Tuesday, the state of Arkansas ordered a Chinese-owned company to divest itself of 160 acres of agricultural land, under new laws being passed across the US restricting foreign ownership of farmland.
Due to legislation passed by the Republican-controlled legislature and signed by Republican Governor Sarah Huckabee Sanders earlier this year, Attorney General Tim Griffin said Northrup King Seed Co., a subsidiary of Syngenta Seeds, which is owned by China National Chemical Company, or ChemChina, a Chinese state-owned company, has two years to divest the property in Craighead County.
Arkansas forces Chinese state-owned company to give up American farmland
A view from the top of Pinnacle Mountain State Park overlooking Lake Maumelle, just outside of Little Rock, AR. by Joshua J. Cotten is licensed under unsplash.com
A view from the top of Pinnacle Mountain State Park overlooking Lake Maumelle, just outside of Little Rock, AR. by Joshua J. Cotten is licensed under unsplash.com
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