Arkansas orders Chinese-owned company to sell farmland

  • 📰 10News
  • ⏱ Reading Time:
  • 35 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 17%
  • Publisher: 50%

Nigeria News News

Nigeria Nigeria Latest News,Nigeria Nigeria Headlines

A new wave of laws in the state specifically targets foreign investments from China, Iran, North Korea and Russia.

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.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 732. in NG
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Nigeria Nigeria Latest News, Nigeria Nigeria Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

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.
Source: AP - 🏆 728. / 51 Read more »

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.
Source: KJNBNews - 🏆 526. / 51 Read more »

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.
Source: KJNBNews - 🏆 526. / 51 Read more »