During an appearance on Fox News’ “Fox & Friends First,” National Black Farmers Association President John Boyd Jr. expressed his concern regarding a report revealing that the U.S. government has granted over $490 million to Chinese entities and $870 million to Russian entities since 2017. The report, released by Sen. Joni Ernst and Open the Books, sheds light on the alarming trend of China acquiring American farms. Boyd argued that while Americans cannot purchase Chinese farms, Chinese organizations can freely buy American farms, and he criticized the current administration for providing resources that enable such transactions.
Boyd emphasized the gravity of the situation, pointing out that China is actively purchasing American farms, which directly affects the issue of farm foreclosures. He argued that it is unacceptable for Chinese organizations to acquire farms within the United States while Americans are prohibited from doing the same in China. Moreover, he expressed his dismay that the current administration is providing resources that facilitate these transactions, questioning the underlying motivations and raising concerns about the implications of such policies. He emphasized that something is fundamentally wrong with this picture and that it requires serious examination.
The state of American farmers is already burdened by the highest input costs in the nation’s history. Boyd highlighted the challenges faced by American farmers, who are struggling to make ends meet while simultaneously witnessing their government provide support to countries like China and Russia. These nations are not only America’s biggest adversaries but are also benefiting from the resources and grants made available to them. Boyd’s remarks reflect the frustration felt by many American farmers who are grappling with financial difficulties and questioning the priorities and actions of their government.
The alarming trend of China acquiring American farms is a cause for concern, particularly in terms of national security and food independence. Boyd’s criticism of the current administration’s allocation of resources highlights the need for a comprehensive assessment of these policies. The American agricultural sector plays a vital role in the nation’s economy and security, and it is essential to ensure that American farmers are supported and protected. Boyd’s remarks underscore the urgency of addressing the issues raised by the report and safeguarding the interests of American farmers in the face of increasing foreign acquisitions.