In this special episode, we sat down with Ross Kennedy, founder of U.S.-based logistics and supply chain advisory Fortis Analysis and senior fellow at Security Studies Group. He sheds light on why China is buying up U.S. farmland, zooming in on the Chinese corn mill project in North Dakota by the Fufeng Group, and how a federal agency just ruled it has no jurisdiction over that purchase.
Kennedy noted: “Whenever these Chinese companies come to the United States with the promises of economic development, they’re exploiting gaps in our own industrial manufacturing and infrastructure base. So in the case of the Texas wind farms, it was that that part of Texas can be pretty deficit of energy at certain times of year, and the tax credit structure for wind farms, the need for additional energy in that part of the state of Texas, all of that was exploited to say, ‘Well, you really need these wind farms. We’ll buy this land, we’ll take on the burden of building it, we’ll put energy back into the grid.’”…