Saudi Arabia is betting on land rights and using American’s freedoms against them in an economic battle that will only get more competitive in the near future.
From CNBC:
Saudi Arabia and other Persian Gulf countries are scooping up farmland in drought-afflicted regions of the U.S. Southwest, and that has some people in California and Arizona seeing red.
Saudi Arabia grows alfalfa hay in both states for shipment back to its domestic dairy herds. In another real-life example of the world’s interconnected economy, the Saudis increasingly look to produce animal feed overseas in order to save water in their own territory, most of which is desert.
The hay provides nourishment to dairy herds as stated but it really provides milk without using and of Saudi Arabia’s resources. We give up the water to grow the hay. Saudi Arabia… gets the milk for free so to speak.
A big concern is if the Saudis will get into sending hay to China, which could undercut American exports buy a huge factor. As high as 20% of American exported hay goes to China.
Labor squabbles of course play a role as well because the democrat unions continue to support rules that constantly undermine their own supporters.
For instance:
It also didn’t help that some international dairy customers in 2014 found other sources for hay due to the U.S. West Coast port labor dispute.
Of course, Americans footed the bill for dockworkers demanding $200,000+ salaries.
That’s not a problem the Saudis will face and we better wise up if want to compete in the “global economy.”
Saudi Arabian haymaking is here to stay unless we want to strengthen regulations, something that will surely backfire on American landowners as well.
Hopefully, the populist uprising that began in 2016 can establish the entitlement of Americans to constitutional rights and that foreign investors pay for the privilege to make industry here.
It’s what happens to us when we work overseas.
Source: CNBC
We keep bringing in free loading refugees and fighting to keep illegals. Open borders for drugs and illegals. Trillions in trade deficit. Keep bankrupting America, while the rest of the world is doing marvelous things in their countries. Can we name anything marvelous we did in America recently.
This practice needs to stop. It should be illegal for foreigners to own land in the U.S!
They can buy all they want !! The land will always belong to the United States !!!
No non US citizen should ever be aloud to own land in the USA. Leases are fine, owning American land is another story. Same with corporations, they are international so owning property in the US should be illegal.
I disagree. The land should be owned by Americans and leased to corporations and/or non citizens.
Victor Turner your right . But all land even what we buy belongs to the government and they are free to take it back without paying us a penny !!!
If they cannot tie a rope around it and drag it home, it is still ours. 😉 No worries.
So the saudis are using the money we give them to buy their oil, which in return they use to buy up all our land! We’re screwing ourselves! Makes perfect sense!
POLITICIANS HAVE BEEN MAKING LUCRATIVE DECISIONS FOR THEMSELVES FOR DECADES!!! AMERICAN VOTER INPUT IS THE LAST TO BE CONSIDERED, IF CONSIDERED AT ALL!!! THE CORRUPTION IS WASHINGTON HAS SOLD OUT THIS COUNTRY AND THE AMERICAN PEOPLE!!! THAT IS WHY THIS NEXT ELECTION MUST BE VICTORIOUS FOR PRESIDENT TRUMP!!! IF WE HAVE ANY CHANCE AT ALL TO BRING US BACK FROM THE BRINK OF NO RETURN, HE IS THE ONLY ONE WHO CAN ACCOMPLISH THAT FEAT!!!! TRUMP/PENCE 2020.