How much US land does China really own? (2024)

A 2022 Chinese land purchase in the U.S. also raised concerns. That spring, a food producer called Fufeng Group bought 370 acres for corn milling near an Air Force base in North Dakota. This prompted the Biden administration to propose a new rule: any foreign company or individual who wants to buy land within 100 miles of certain U.S. military bases (the North Dakota base included) needs government approval.

While Chinese ownership of U.S. land has been a hot topic among lawmakers — even becoming the center of a Montana Senate race this year — China only had a stake in 383,935 acres of U.S. land as of 2021, which is less than 1% of all foreign-held land.

It’s worth noting that a 2023 NBC investigation found that the foreign ownership reporting system is “lax and enforcement minimal,” with some purchases not reported to the USDA for years, but there is little evidence that Chinese land ownership in the U.S. exceeds its reported boundaries by any significant margin.

In testimony to the Senate agriculture committee in September, Michigan State’s Ortega said, “China’s investments in foreign agriculture are largely driven by its desire to build food self-sufficiency.” Former USDA chief economist Joe Glauber told the Washington Post that Chinese ownership of U.S. farmland is “literally a drop in the bucket.”

Despite this, in 2023 alone, at least 81 bills were proposed across 33 states that would restrict Chinese ownership of farmland and of any land near military bases. At least one of those bills passed, a Florida law that banned those who are not U.S. citizens and are “domiciled” in China from buying land or buildings. But the bill was blocked by a U.S. appeals court in February.

Though this new wave of Chinese land restrictions is notable in its volume (and its disproportionality to the amount of land that China actually owns in the U.S.), placing some limits on foreign landownership is a fairly common practice. About half of all states have laws restricting foreign landownership in some capacity, according to the National Agricultural Law Center, and at least 11 federal bills on the topic have been proposed in the last three years.

“We expect the political rhetoric on this to escalate and also expect more legislation to be introduced and passed,” John C. Yang, president and executive director of Asian Americans Advancing Justice, told the Washington Post. “Even state legislators want to appear to be tough on China right now, and they are grasping for things that they can control in their own state legislatures to show that they are being tough.”

How much US land does China really own? (2024)

FAQs

How much US land does China really own? ›

While Chinese ownership of U.S. land has been a hot topic among lawmakers — even becoming the center of a Montana Senate race this year — China only had a stake in 383,935 acres of U.S. land as of 2021, which is less than 1% of all foreign-held land.

How much U.S. property is owned by China? ›

Chinese firms and investors own just over 383,934 acres in the U.S., less than the state of Rhode Island, and far less than how much Canada, Netherlands, Italy, the U.K. and Germany, in that order, each own.

How much American land does China own? ›

China owns 384,000 acres of American agricultural land. That's a 30% increase just since 2019. And on top of that, they own land near an air force base in North Dakota.

Who owns the most farmland in America? ›

The Land Report 100 research team analyzes transactions and scours records to determine America's leading landowners. That's how we broke the news in 2020 that Microsoft co-founder Bill Gates was America's largest farmland owner with more than 260,000 acres.

How much U.S. farmland is foreign owned? ›

All told, 43.4 million acres of forest and farmland in the U.S., or 3.4% of all ag land, is foreign owned as of Dec. 31, 2022. Roughly 30 million of those acres are reported as foreign-owned, with the remainder primarily under a 10-year-or-longer lease.

Is China buying up American homes? ›

These purchase trends were confirmed and in 2018, as we can see on the National Association of Realtors Report, Chinese buyers spent $30.4 billion dollars on residential property in the U.S. Click to access available viewer actions.

How much property in New York is owned by China? ›

According to the U.S. Department of Agriculture's (USDA) latest report on foreign ownership of American land, from 2021, 146 Chinese investors held 383,935 acres—nearly double the 193,700 acres that comprise New York City.

How much does China owe the US? ›

The United States pays interest on approximately $850 billion in debt held by the People's Republic of China. China, however, is currently in default on its sovereign debt held by American bondholders.

Do any US citizens own land in China? ›

Yes, China does allow foreigners to buy property. But there are a few requirements you'll need to meet as a US citizen venturing into the Chinese property market. These are the country-wide rules, but there may also be other requirements depending on which region you're looking to buy in.

Why is Bill Gates buying so much farm land? ›

He responded, “I own less than 1/4000 of the farmland in the US. I have invested in these farms to make them more productive and create more jobs. There isn't some grand scheme involved - in fact, all these decisions are made by a professional investment team.”

Who is the largest landowner in the world? ›

The largest landowner in the world currently is King Charles III of England. How much land does the Royal Family own? He and the British Royal Family own more than 6,600,000,000 acres of land around the world. They technically own many territories around the globe, amounting to 1/6 of the surface of the planet.

Who owns the biggest ranch in America? ›

The Emmersons became America's largest landowners in 2021 when they acquired 175,000 acres in Oregon from Seneca Timber Company. With that acquisition, the Emmersons surpassed Liberty Media chairman John Malone's 2,200,000 acres.

How much U.S. land does Saudi Arabia own? ›

China currently holds 384,000 acres of land in the U.S., which is around 1% of all foreign-held acres. The total holdings for Saudi Arabian investors is about 36,000 acres.

How much is U.S. farmland worth per acre? ›

The value of U.S. farmland averaged $4,080 per acre, an increase of 7.4 percent over 2022 values, or 3.9 percent when adjusted for inflation.

Does the U.S. have more farmland than China? ›

Basically, the US has more farmland because it has the Gulf of Mexico. China does not have one. The US has mountains near its east coast as much of China does. Normally, those mountains would make the midwest arid and hard to farm.

What percentage of US property is foreign owned? ›

According to the latest data from the U.S. Department of Agriculture, foreign investors and companies own over 40 million acres of U.S. agricultural land, which is about 1.8% of all land in the U.S. and 3.1% of all privately held agricultural land.

How much US business is owned by China? ›

As of the end of 2022, data indicates the operation of around 5,000 Chinese-owned companies in the United States, spanning diverse industries such as technology, manufacturing, finance, and real estate.

How much of the US stock market is owned by China? ›

The TIC data suggest Chinese investors held $245 billion in equity securities and $24 billion in debt securities issued by US corporations, plus another $1.2 trillion in US government securities at the end of September 2020.

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