On Tuesday, lawmakers introduced the Foreign Adversary Risk Management or FARM Act. The legislation seeks to combat foreign interference in America’s agriculture supply chain through reforms to the Committee on Foreign Investment in the United States. The bill would add the Agriculture Secretary to the Committee on Foreign Investment, an interagency committee authorized to review certain foreign investment transactions, and designate agriculture as critical infrastructure.
Foreign investment in the U.S. agriculture industry has grown rapidly, as foreign investors currently control at least 28.3 million acres of agricultural land valued at $52.2 billion.
Click Here to read the FARM Act.
If you have a story idea for the PNW Ag Network, call (509) 547-1618, or e-mail [email protected]