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Ron DeSantis blasts China for buying up farmland in Florida

Florida Gov. Ron DeSantis has promised to crack down on “undue influence from rogue states” like China in response to Chinese companies reportedly buying up large tracts of farmland.

DeSantis was asked about a recent National Association of Realtors report that found Chinese real estate investors spent $6.1 billion on American real estate over a 12-month period through March — more than any other group of foreigners .

Florida accounted for 24% of all international home purchases in the US, while California was second (11%).

DeSantis told Fox News’ Laura Ingraham on Friday that he doesn’t think business interests with alleged ties to the Chinese Communist Party should be allowed to buy American real estate assets.

“I don’t think they should be able to do that,” DeSantis said.

“I think the problem is that these companies have ties to the CCP, and it’s not always obvious what a company is doing — but I think it’s a big problem.”

DeSantis said he will sign legislation that would prevent Chinese interests from buying farmland in Florida.
DeSantis said he will sign legislation that would prevent Chinese interests from buying farmland in Florida.
SOPA Images/LightRocket via Gett

Mainland, Taiwan and Hong Kong businesspeople have reportedly been aggressive in buying existing homes in places like Florida and California.

In 2019, the US Department of Agriculture announced that China-affiliated companies own at least 192,000 acres of farmland valued at more than $1.9 billion.

Florida was the state that attracted the largest volume of home purchases, according to the NAR. It was the 14th consecutive year that foreign investors have expressed the greatest interest in real estate in the Sunshine State.

DeSantis said he plans to sign legislation that would limit the extent to which Chinese firms can invest in Florida pension funds.

“We don’t necessarily get much out of it, but we want to make sure we cut ties so we don’t fund our biggest adversary,” the Republican governor said.

GOP Senators Marco Rubio of Florida and Kevin Kramer of North Dakota wrote a letter to the Biden administration earlier this month demanding that officials stop a Chinese company’s purchase of farmland in North Dakota just miles from a sensitive one Check military base away.

Fufeng Group, a Shandong, China-based company specializing in flavor enhancers and sugar substitutes, recently acquired 300 acres of farmland near Grand Forks, North Dakota, a rural area about 90 minutes’ drive from Canada’s border is far away.

A recent report revealed that mainland, Taiwan and Hong Kong Chinese investors bought around $6.1 billion worth of U.S. real estate over a 12-month period that ended in March.  Chinese President Xi Jinping is pictured.
A recent report revealed that mainland, Taiwan and Hong Kong Chinese investors bought around $6.1 billion worth of U.S. real estate over a 12-month period that ended in March. Chinese President Xi Jinping is pictured.
Xinhua News Agency via Getty Ima

The location of farmland, which is just down the road from a US Air Force base housing sensitive drone technology, has lawmakers on Capitol Hill worried about possible espionage by Beijing.

Three North Dakotans sold the land to Fufeng Group for $2.6 million, according to CNBC.

https://nypost.com/2022/07/25/ron-desantis-blasts-china-for-buying-up-florida-farmland/ Ron DeSantis blasts China for buying up farmland in Florida

JACLYN DIAZ

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