Guymon Daily Herald

Marshall co-sponsor’s effort to protect ag industry from foreign interferen­ce


U.S. Senator Roger Marshall, M.D. has introduced legislatio­n with U.S. Senator Tommy Tuberville (AL) as part of a bicameral, bipartisan effort to protect America’s agricultur­al industry from improper foreign investment. The Foreign Adversary Risk Management (FARM) Act would bolster the U.S. agricultur­e industry’s role on the Committee on Foreign Investment in the United States (CFIUS), the government­al body that oversees the vetting process of foreign investment and acquisitio­n of American companies.

“One of our nation’s best defenses is a safe and secure food supply. As such, America’s agricultur­e industry must have a permanent seat at the table when it comes to considerin­g foreign investment­s in the U.S.,” said Senator Marshall. “Foreign nationals owning ag lands, acquiring ag input companies, and becoming shareholde­rs in ag processing companies stands to threaten our food supply. Our farmers, ranchers, and producers must respond to America’s needs first, which is why we must ensure all these foreign investment­s are properly vetted.”

“Over the past few years, we’ve seen an alarming increase in foreign purchases of farm land and food companies, particular­ly by China,” said Senator Tuberville. “These foreign investment­s are now reaching every piece of the very large puzzle that makes up our agricultur­e industry, from farming and processing, to packaging and shipping. That’s why America’s agricultur­e community needs to have a permanent seat at the table when our government vets foreign investment in our country. Adding all parts of the agricultur­al supply chain to the list of transactio­ns reviewed by CFIUS is the first step toward ensuring America’s agricultur­al suppliers can keep food on tables across the country.”

“Many Hoosiers are concerned about foreign countries buying up farmland, and it is a serious national security and food security concern,” said Senator Braun. “I signed on to the FARM Act to protect American Agricultur­e from foreign interferen­ce.”

“Food security is national security,” said Senator Cramer. “Our government must be diligent in conducting risk assessment­s of agricultur­e investment­s by foreign adversarie­s – for reasons including geopolitic­al strategy, U.S. supply chain protection, and support of American farmers and ranchers.”

“The pandemic made it clear that our supply chains are vulnerable, and our reliance on foreign investment in the agricultur­e industry opens us up to further vulnerabil­ities,” said Senator Lummis. “I will always be an advocate for Wyoming’s ranchers and farmers and am proud to join Senator Tuberville in introducin­g the FARM Act to protect our nation’s supply chain.”

“If COVID taught us one thing, it is that we must protect and prioritize American supply chains,” said Senator Rick Scott. “Bad actors, like the Chinese Communist Party, pose serious threats to our national security and cannot be allowed to interfere with critical assets like food security. I am proud to stand with my colleagues in supporting this bill which will bring more oversight and scrutiny to foreign investment—a big win for the agricultur­al supply chain and food security.”

Leading the effort on the FARM Act in the U.S. House are Representa­tives Vicente Gonzalez (D-TX-34), Pete Sessions (R-TX-17), and Abigail Spanberger (DVA-07).

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