It appears that China is set to make a major play for American farms and
farmland. With recent transactions, such as the 2013 purchase of Smithfield
by a Chinese holding company and the pending $43 billion deal between
Syngenta, it seems as though foreign buyers are attempting to cut out the middle
man — the American farmer.
Pete Ricketts, the Nebraska Republican Governor, signed L.B. 176 into law
on February 11. This law reverses a law from 1999 that prevented meatpackers
from owning livestock for longer than five days before the day of the
slaughter. This is bound to affect the farmers who have concerns regarding
contract farming for the pork industry.
The state of Nebraska and its legislators appear to be working to make
China an important trading partner. This could be a big economical advantage
for some in the state, but for small, individual farmers, the benefits
may not translate. This can also cause some problems for U.S. agriculture,
the environment, and food security.
Many believe that a deal between ChemChina and Syngenta will allow China
to have a major stake in the feed production and could cause an unfair
advantage for China over the rest of the global seed market.
At Domina Law Group, we have already had legal matters involving Syngenta
and the harm the company could cause to the U.S. market. We investigate
claims against Syngenta on behalf of corn growers in the nation and are
working on building claims.
We know that certain transactions can have a tremendous negative impact
on the U.S. market and individual farmers. If you are a farmer, you deserve
to have your rights protected and that is the goal of our Nebraska agricultural
attorneys. Learn more by
calling our firm and discussing the issues involving Syngenta and the possibility of China
making a play on the U.S. farmland.