July 18, 2017
The state of Texas leads the U.S. when it comes to cattle and hay production, as well as the number of farms and ranches. And, Texas leads the nation when it comes to foreign purchases of its agricultural land, according to data obtained by the Midwest Center for Investigative Reporting.
The metrics show that foreign investors acquired 1.7 million acres of farm-, timber- and pasture-land in the Lone Star state since 2005. The combined land is worth approximately $3.3 billion.
The land buys mirror an increase in the United States, which is leading to calls for tighter regulations on foreign investment in the agricultural sector. The U.S. Senate and House are considering bills that would boost scrutiny of agricultural land deals involving foreign buyers. Concerns are potential threats to the nation’s food security.
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