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%

Switzerland Nachrichten Nachrichten

Switzerland Neuesten Nachrichten,Switzerland Schlagzeilen

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.

Wir haben diese Nachrichten zusammengefasst, damit Sie sie schnell lesen können. Wenn Sie sich für die Nachrichten interessieren, können Sie den vollständigen Text hier lesen. Weiterlesen:

 /  🏆 728. in CH
 

Vielen Dank für Ihren Kommentar.Ihr Kommentar wird nach Prüfung veröffentlicht.

Switzerland Neuesten Nachrichten, Switzerland Schlagzeilen