Close Menu
  • Instructions
  • News
    • DeFi
    • Smart Contract
    • Markets
    • Web3
    • Adoption
    • Memecoins
    • Analysis
    • Mining
    • Scams
    • Security
  • Education
    • Learn
    • Wallets & Exchange
  • Documentaries
  • Videos
    • Alessio Rastani
    • Altcoin Buzz
    • Coin Bureau
    • Dapp University
    • DataDash
    • Digital asset News
    • EllioTrades Crypto
    • MMCrypto
    • Lark Davis
    • Ivan on Tech
    • Benjamin Cowen
  • Market
    • Crypto Market Cap
    • Heat Map
    • Converter
    • Metal Prices
    • Stock prices
  • Bonus Books
  • Tools
What's Hot

Bitdeer Sells All Mined BTC This Week: Zero-Holding Strategy Intensifies

May 2, 2026

How North Korean spies spent months in-person to drain $285 million from Drift

May 2, 2026

Crypto industry backs CLARITY Act yield compromise, pushes Senate Banking for markup

May 2, 2026
Facebook X (Twitter) Instagram
Recession Profit AlertsRecession Profit Alerts
  • Instructions
  • News
    • DeFi
    • Smart Contract
    • Markets
    • Web3
    • Adoption
    • Memecoins
    • Analysis
    • Mining
    • Scams
    • Security
  • Education
    • Learn
    • Wallets & Exchange
  • Documentaries
  • Videos
    • Alessio Rastani
    • Altcoin Buzz
    • Coin Bureau
    • Dapp University
    • DataDash
    • Digital asset News
    • EllioTrades Crypto
    • MMCrypto
    • Lark Davis
    • Ivan on Tech
    • Benjamin Cowen
  • Market
    • Crypto Market Cap
    • Heat Map
    • Converter
    • Metal Prices
    • Stock prices
  • Bonus Books
  • Tools
Recession Profit AlertsRecession Profit Alerts
Home»Markets»“First In The Nation”: Arkansas Forces Chinese Company To Sell Its Farmland
Markets

“First In The Nation”: Arkansas Forces Chinese Company To Sell Its Farmland

October 21, 2023No Comments2 Mins Read

Governor Sarah Huckabee Sanders announced that Arkansas will require a Chinese-owned company to sell its farmland in Arkansas, saying it will be a first in the nation move that bans foreign parties from “owning agricultural land” in the state, THV11 reported.

Sanders, along with Attorney General Tim Griffin and other Republican leaders, said that the company Syngenta will have to sell around 160 acres of land in Craighead County, Arkansas. The company has headquarters based in Switzerland and owned by ChemChina, which is a Chinese state-owned business that primarily deals with seeds and pesticides.

ChemChina is listed by the U.S. Department of Defense as one of many “Chinese military companies” that operate directly or indirectly in the country.

The announcement comes after the legislature passed a law earlier in 2023 that bans a foreign party controlled business from owning land in Arkansas.

Sanders claimed Chinese companies operating in the U.S. send back information and technology, “stealing American research and telling our enemies how to target American farms.”

“That is a clear threat to our national security and to our great farmers, especially since the Chinese government enacted a law in 2017, requiring Chinese citizens abroad to collaborate with their country’s security officials on intelligence work with no questions asked,” the governor said.

That law states “any organization” must assist or cooperate with state intelligence work. Another Chinese law said “relevant organizations” can’t refuse to collect evidence for an investigation.

“We will make sure that every company operating in Arkansas is a friend to Arkansas and good to hardworking Arkansans,” Sanders said.

See also  Strategy's STRC preferred series gets $50 million investment from fellow BTC treasury company Strive

Syngenta has been notified of the decision and if they refuse, AG Griffin will move forward with legal proceedings to “force” them out of Arkansas.

“There is nothing that is off limits for [China] if they think that it will strengthen them strategically,” Griffin explained at the press conference. “Whether it be related to engineering or the ability to feed their people, which is a challenge for them.”

Griffin said Northrup King Seed Co., a subsidiary of Syngenta, will have to divest itself of the land in Craighead County within in two years. If the company fails to do that, Arkansas can have a civil penalty fine of up to 25% of the value of the property.

The attorney general said the property is worth around $1.12 million, so the fine would be a maximum of $280,000.

Loading…

Source link

Arkansas Chinese company Farmland Forces Nation Sell

Related Posts

Crypto industry backs CLARITY Act yield compromise, pushes Senate Banking for markup

May 2, 2026

The Cheap Foreign Labor Regime Blocking Agricultural Intelligence

May 2, 2026

Brazil's central bank bans stablecoin and crypto settlement in cross-border payments

May 2, 2026

ZachXBT Exposes US Law Firm Gerstein Harrow’s $71M Grab of Stolen Lazarus Funds

May 2, 2026
Top Posts

How Bitrix24 Simplifies Software Management with Clear Subscription Insights

February 24, 2026

NFT market slump shows it’s maturing toward ‘genuine utility,’ execs argue

October 16, 2023

Cops Raid Suspected Fraudster Penthouses

October 22, 2023

Type above and press Enter to search. Press Esc to cancel.