The issue of food security and the Fufeng corn processing project came together in a hearing of the Senate Banking Committee. North Dakota Senator Kevin Cramer asked if USDA should be included in any interagency review of foreign investment in the United States. One of the frustrations I saw during that last awful year of nightmare in Grand Forks, North Dakota where Fufeng had purchased the 370 acres near the Grand Forks Air Force Base was that it CFIUS (Committee on Foreign Investment in the United States) took 60 plus another 15 or so days to conclude that they didn’t have jurisdiction.” Treasury Department Assistant Secretary for Investment Security Paul Rosen said USDA is now an important partner in these decisions. “We’ve set up a process where USDA has full visibility into the case filings.”
News Categories
Latest RRFN Podcasts
Subscribe to RRFN
Get a weekly digest from RRFN to stay up-to-date on all the latest news in agriculture.