What can be done
Sen. Elizabeth Warren made it clear Saturday at a 2020 presidential candidate forum in Iowa that she firmly opposes the growing dominance of foreign entities in the U.S. agricultural sector, saying “no foreign country should be able to purchase farmland in America.”
Warren was asked about growing foreign dominance in the sector at the HuffPost co-sponsored Heartland Forum in Storm Lake, Iowa, where she had gathered with other candidates, including former Housing and Urban Development Secretary Julián Castro and Sen. Amy Klobuchar , to discuss rural issues and corporate power.
“There’s Chinese Smithfield, Germany’s Bayer, Brazil’s JBS. We can make a long list. My question to you is: What would you do about it? ?” Leach asked. In her proposal, Warren called out two of the companies Leach cited by name, saying the 2018 merger between Bayer and U.S. agribusiness giant Monsanto “should never have been approved” and criticizing CEO compensation at the Chinese organization that owns Smithfield.
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