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🗓️ 26 March 2024
⏱️ 14 minutes
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0:00.0 | The Department of Agriculture released basically a study looking at foreign |
0:05.0 | holdings of U.S. agricultural land and we go to a chart that was produced in |
0:10.1 | here just to really put a point on it and you can see here that blue line the one that |
0:14.8 | jumped the most that is cropland. So cropland is this is a trend in foreign holdings of agricultural |
0:21.9 | land over basically the last 10 years and the rest of those |
0:25.8 | forests pasture non-agricultural land I mean somewhat steady but now you're looking at since |
0:31.4 | 2018 this jump in cropland being owned by foreign foreign |
0:36.2 | holdings. This is a gigantic issue and we go to the companies as well. Everyone probably remember |
0:41.5 | Smithfield Foods. This is a major, the world's |
0:45.2 | largest pork producer. Here's the headline here. China makes biggest US play and |
0:50.1 | you look in the article China's largest meat processor struck a surprise 4.7 billion dollar agreement to acquire Smithfield Foods Inc. |
0:58.3 | a deal that would mark the biggest Chinese takeover of an American company that underscores the Asian |
1:03.6 | nation's renewed determination to scoop up overseas assets. So hold on for a |
1:08.6 | second we were just told China is a national security threat working through Tik-Tok but taking ownership over the largest meat |
1:16.0 | producer in the world on American soil which also owns over 500 U.S. farms no big deal. |
1:20.9 | Help me understand the logic in that that I don't really understand it and |
1:24.5 | then I think that they can come in here line up take our lane and then just start |
1:28.4 | hiring you know migrants to work it you you know, a total just devastation of the American dream. |
1:37.0 | And also let's talk, we're going to go into a segment in a second, but let's talk environment as well. |
1:41.0 | China has very different views of the environment than the US does. |
1:46.3 | So does this does this company respect the US environmental laws, |
1:50.6 | respect to the environment and trying to protect it here, because it is a Chinese |
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