This morning, I introduced the Protecting American Farmland Act, which will which will prevent foreign adversaries from purchasing American farm and ranch land through a 60% excise tax paid by the buyer. Foreign ownership of U.S. farmland has risen steadily over the years, threatening the future of small family farms, and testing the strength of our agricultural supply chain.
China is relentlessly trying to undermine our country – whether it’s poisoning our citizens with fentanyl smuggled in through our southern border, spying on us, or filling the global stage that has been left empty by the Biden Administration. American farmland – especially here in Texas – is the new frontline in our fight against the Chinese Communist Party’s aggressions.
I was grateful to earn the support of several of my Ways and Means Committee colleagues, including Chairman Jason Smith, on my bill to keep our farmland from enemy hands, protecting our nation’s farmers, supply chains, and security.
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