Arkansas orders Chinese-owned company to sell farmland

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.

“We will make sure that every company operating in Arkansas is a friend to Arkansas and good to hard-working Arkansans,” Sanders at a news conference with Griffin to announce the move.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.

The enforcement action by Arkansas’ attorney general is the first under the wave of new laws, many of which specifically targeted investments from China, Iran, North Korea and Russia, said Micah Brown, a staff attorney at the agricultural law center.

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Arkansas orders Chinese company's subsidiary to divest itself of agricultural landThe 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.
Fuente: AP - 🏆 728. / 51 Leer más »

Arkansas attorney general tells Chinese company to get off the state's land(The Center Square) - Arkansas Attorney General Tim Griffin announced Tuesday he has ordered a Chinese state-owned company to give up approximately 160 acres of land it currently owns in Craighead County.
Fuente: KJNBNews - 🏆 526. / 51 Leer más »

Arkansas attorney general tells Chinese company to get off the state's land(The Center Square) - Arkansas Attorney General Tim Griffin announced Tuesday he has ordered a Chinese state-owned company to give up approximately 160 acres of land it currently owns in Craighead County.
Fuente: KJNBNews - 🏆 526. / 51 Leer más »