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BA Deere
Posts: 8,251
Registered: ‎05-13-2010
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Chinese investors buying farmland?

I read this in the elevator newletter and searched the web for a story on this but couldn`t find anything. 

 

The newsletter says:   "Recent sales of two farms near Belmond with over 76 CSR were bought by Chinese investors.  Those who follow land sales claim these were not the first by any means this summers.  Does this pertain to Smithfield, the largest pork producer in the US being purchased by the Chinese to source their own corn? A simple calculation shows if they want to raise enough corn to feed their hogs, it is the equivalent of about 5 Iowa counties.  No doubt they have the money but is it what is best for Iowa?" 

 

That was all there was in the newsletter.

We shouldn`t have to light a candle to see the Sun.
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