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Actually, 3.4% of US ag land is owned by foreigners. Much of that is forest land, mostly owned by Canadians. Of that 3.4%, Chinese entities own less than 1/100th. See, for example, agriculturedive.com/new…
That said, there are some owners whose "nationality" can't be clearly identified, so the actual Chinese ownership could be more than 1…
Actually, 3.4% of US ag land is owned by foreigners. Much of that is forest land, mostly owned by Canadians. Of that 3.4%, Chinese entities own less than 1/100th. See, for example, https://www.agriculturedive.com/news/foreign-ownership-us-farmland-climbed-2022-renewable-china/703095/
That said, there are some owners whose "nationality" can't be clearly identified, so the actual Chinese ownership could be more than 1/100th of 3.4%.
Agricultural land, like most land in the US, is taxed by states and localities, and so Chinese would be required to pay like anyone else, on penalty of losing title.
Total farmland in the US is about 895 million acres. Bill Gates is said to own 242,000 acres, or about 0.0003% of this. Again, his land is subject to taxation by states and localities, unless he can bribe his way out of it.
SoCal rural area: whenever I hear Australians bought land I immediately assume Chinese actual ownership.