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

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LITTLE ROCK, Ark. (AP) — Arkansas on Tuesday ordered the subsidiary of a Chinese-owned company to divest itself of 160 acres (774,400 square yards) of...

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.Under the Arkansas law, if a company doesn’t divest of the land, the state can take action in court. Griffin did not say whether the state has identified other foreign-owned land that would prompt similar action under the new law.

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المملكة العربية السعودية أحدث الأخبار, المملكة العربية السعودية عناوين

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