Arkansas Attorney General Tim Griffin on Tuesday announced that he’s ordering a company owned by the Chinese government to divest about 160 acres of land in Craighead County.
The land is owned by corn and soybean seed provider Northrup King Seed Co., a subsidiary of Syngenta Seeds LLC, which is owned by China National Chemical Company, or ChemChina, a state-owned enterprise. Reports indicate that Syngenta has owned Northrup King, also known as NK Seeds, since the 90s.
Griffin said he’s taking action under a new law passed during this year’s regular legislative session that bans prohibited foreign entities from owning Arkansas agricultural lands. Act 636 prohibits such entities from acquiring or holding public or private land in Arkansas either directly or through affiliated parties.
The law defines a “prohibited foreign party” as individuals or entities with a connection to a country subject to federal International Traffic in Arms Regulations. China is subject to the regulations, which restrict and control the export of defense and military related technologies. Arkansas Business