Arkansas orders Chinese company's subsidiary to divest itself of agricultural land

  • 📰 AP
  • ⏱ Reading Time:
  • 20 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 11%
  • Publisher: 51%

Belgique Nouvelles Nouvelles

Belgique Dernières Nouvelles,Belgique Actualités

The subsidiary of a Chinese-owned company has been ordered by Arkansas to divest itself of 160 acres of agricultural land under a new law. The order announced by Arkansas on Tuesday is the the first such action under a wave of new laws restricting foreign ownership of farmland. The state is targeting land owned by Northrup King Seed Co.

LITTLE ROCK, Ark. — Arkansas on Tuesday ordered the subsidiary of a Chinese-owned company to divest itself of 160 acres of agricultural land, the first such action under a wave of new laws across the country restricting foreign ownership of farmland.

Syngenta said it was disappointed in the state’s decision about its land, which the company has owned since 1988. The company said no one from China has ever directed its executives to buy, lease or otherwise engage in land acquisition. “Historically, states that had a law before this year, there wasn’t much enforcement,” said Micah Brown, a staff attorney at the agricultural law center.

 

Merci pour votre commentaire. Votre commentaire sera publié après examen.
Nous avons résumé cette actualité afin que vous puissiez la lire rapidement. Si l'actualité vous intéresse, vous pouvez lire le texte intégral ici. Lire la suite:

 /  🏆 728. in BE

Belgique Dernières Nouvelles, Belgique Actualités