• Home
  • Latest
  • Fortune 500
  • Finance
  • Tech
  • Leadership
  • Lifestyle
  • Rankings
  • Multimedia

Trendingnow

1

Mark Cuban says he has the solution to growing income inequality, and it's to reward every employee—from CEO to janitor—with company stock

2

‘I want to die broke’: Billionaire philanthropist Denny Sanford dies after giving away $4 billion

3

'Dr. Doom' Nouriel Roubini says we're headed for universal basic income or 'some form of socialism' as AI revolutionizes work—He calls that optimistic

1

Mark Cuban says he has the solution to growing income inequality, and it's to reward every employee—from CEO to janitor—with company stock

2

‘I want to die broke’: Billionaire philanthropist Denny Sanford dies after giving away $4 billion

3

'Dr. Doom' Nouriel Roubini says we're headed for universal basic income or 'some form of socialism' as AI revolutionizes work—He calls that optimistic
China

Gripped by balloon panic, South Dakota fears Chinese ownership of farmland

By
Amancai Biraben
Amancai Biraben
and
The Associated Press
The Associated Press
Down Arrow Button Icon
By
Amancai Biraben
Amancai Biraben
and
The Associated Press
The Associated Press
Down Arrow Button Icon
February 13, 2023, 12:08 PM ET
Kristi Noem
South Dakota Gov. Kristi Noem.Brandon Bell/Getty Images
Add Fortune on Google for similar content.

South Dakota lawmakers are advancing a number of bills that would curb Chinese influence in South Dakota’s farmland amid concerns among Republican leaders after a spy balloon was spotted and shot down last week.

Republican Rep. Will Mortenson proposed Thursday investigating partnerships between landowners and foreign entities. It comes a week after other lawmakers pushed forth other propositions tackling foreign influence, like banning contracts between state land and foreign countries, and establishing a committee to oversee future foreign purchases.

“We don’t know what we don’t know, and we’re going to start finding out so we can make the next step,” Mortenson said, after his bill passed a house committee vote with a unanimous vote.

The proposals stem from Republican Gov. Kristi Noem’s recent history of curbing the state’s relationship with China. Last year, she banned state employees and contractors from accessing the video platform TikTok on state-owned devices, citing its ties to China. She also said late last year that the state held no direct investments in China after a review.

Noem’s emphasis on her perception of threats posed by China comes as she plans for a series of three policy speeches in Washington that seem to portend the rollout of a possible 2024 bid for the Republican presidential nomination.

Next week, according to a person familiar with Noem’s plans, Noem will use one of the three speeches — a Feb. 15 address at the America First Policy Institute — to highlight South Dakota’s response to the threat posed by the Chinese Communist Party. She’ll also discuss an executive order, which Noem signed last month, barring the state from engaging in business with some telecom companies owned or controlled by “evil foreign governments,” including China, according to the executive order. The person spoke on condition of anonymity because the person is not yet authorized to speak about Noem’s plans publicly.

Alan Vester, Noem’s deputy general counsel, testified Thursday in support of the bill that would provide further insight into the how much of South Dakota’s land is owned by foreign governments.

“Gov. Kristi Noem believes strongly in protecting our state from maligned foreign governments from acquiring foreign agricultural land to the detriment of our state’s security, critical infrastructure or food security,” Vester said.

Last week, Republican Sen. Erin Tobin proposed an act to create the Committee on Foreign Investment in the United States to regulate foreign purchases of agricultural land from out-of-country buyers. This oversight is intended to curb international influence in the state’s food supply and will be heard further by a Senate committee on agriculture and natural resources Feb. 14.

Tobin has been in discussion with states like North Dakota, where China’s government bought a tract of land near their air force base. She said that was an eye-opener to the rest of the country about the lack of knowledge about who’s taking ownership in state land and for what purpose, like spying. The committee would do a deep dive to investigate the motives behind any foreign purchase by looking at the buyer’s history.

“You realize that China’s kind of coming in the front door and nobody’s putting any restrictions on anything,” Tobin said. “When you really start paying attention and looking at what’s happening, you get even more concerned.”

Foreign entities and individuals control less than 3% of U.S. farmland, according to the U.S. Department of Agriculture. Of that, those with ties to China control less than 1%, or roughly 600 square miles (340 square kilometers).

___

Associated Press writer Meg Kinnard contributed to this report from Columbia, South Carolina.

Learn how to navigate and strengthen trust in your business with The Trust Factor, a weekly newsletter examining what leaders need to succeed. Sign up here.

About the Authors
By Amancai Biraben
See full bioRight Arrow Button Icon
By The Associated Press
See full bioRight Arrow Button Icon
Add Fortune on Google for similar content.

Latest in

Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025

Most Popular

Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Fortune Secondary Logo
Rankings
  • 100 Best Companies
  • Fortune 500
  • Global 500
  • Fortune 500 Europe
  • Most Powerful Women
  • World's Most Admired Companies
  • See All Rankings
  • Lists Calendar
Sections
  • Finance
  • Fortune Crypto
  • Features
  • Leadership
  • Health
  • Commentary
  • Success
  • Retail
  • Mpw
  • Tech
  • Lifestyle
  • CEO Initiative
  • Asia
  • Politics
  • Conferences
  • Europe
  • Newsletters
  • Personal Finance
  • Environment
  • Magazine
  • Education
Customer Support
  • Frequently Asked Questions
  • Customer Service Portal
  • Privacy Policy
  • Terms Of Use
  • Single Issues For Purchase
  • International Print
Commercial Services
  • Advertising
  • Fortune Brand Studio
  • Fortune Analytics
  • Fortune Conferences
  • Business Development
  • Group Subscriptions
About Us
  • About Us
  • Press Center
  • Work At Fortune
  • Terms And Conditions
  • Site Map
  • About Us
  • Press Center
  • Work At Fortune
  • Terms And Conditions
  • Site Map
  • Facebook icon
  • Twitter icon
  • LinkedIn icon
  • Instagram icon
  • Pinterest icon

Latest in

Top CD rates from major banks on July 21, 2026: Chase CDs, Bank of America CDs, Citibank CDs, and more
Personal FinanceCertificates of Deposit (CDs)
Top CD rates from major banks on July 21, 2026: Chase CDs, Bank of America CDs, Citibank CDs, and more
By Joseph HostetlerJuly 21, 2026
50 minutes ago
Current price of Bitcoin for July 21, 2026
Personal FinanceCryptocurrency
Current price of Bitcoin for July 21, 2026
By Joseph HostetlerJuly 21, 2026
1 hour ago
Current price of Ethereum for July 21, 2026
Personal FinanceEthereum
Current price of Ethereum for July 21, 2026
By Joseph HostetlerJuly 21, 2026
1 hour ago
Jamie Dimon, chief executive officer of JPMorgan Chase & Co.
Economynational debt
Jamie Dimon won’t put more of his own money into the long end of the bond market right now—thanks to the $39 trillion national debt
By Eleanor PringleJuly 21, 2026
1 hour ago
Current price of oil as of July 21, 2026
Personal FinanceOil
Current price of oil as of July 21, 2026
By Joseph HostetlerJuly 21, 2026
1 hour ago
Current price of silver as of Tuesday, July 21, 2026
Personal Financesilver
Current price of silver as of Tuesday, July 21, 2026
By Joseph HostetlerJuly 21, 2026
1 hour ago

Most Popular

Mark Cuban says he has the solution to growing income inequality, and it's to reward every employee—from CEO to janitor—with company stock
Success
Mark Cuban says he has the solution to growing income inequality, and it's to reward every employee—from CEO to janitor—with company stock
By Sasha RogelbergJuly 20, 2026
18 hours ago
‘I want to die broke’: Billionaire philanthropist Denny Sanford dies after giving away $4 billion
Success
‘I want to die broke’: Billionaire philanthropist Denny Sanford dies after giving away $4 billion
By Sydney LakeJuly 20, 2026
22 hours ago
'Dr. Doom' Nouriel Roubini says we're headed for universal basic income or 'some form of socialism' as AI revolutionizes work—He calls that optimistic
AI
'Dr. Doom' Nouriel Roubini says we're headed for universal basic income or 'some form of socialism' as AI revolutionizes work—He calls that optimistic
By Jason MaJuly 18, 2026
3 days ago
Current price of silver as of Monday, July 20, 2026
Personal Finance
Current price of silver as of Monday, July 20, 2026
By Joseph HostetlerJuly 20, 2026
1 day ago
Warren Buffett says his $147 billion investing career was an accident: ‘I may be one of the 10 luckiest in the world’
Future of Work
Warren Buffett says his $147 billion investing career was an accident: ‘I may be one of the 10 luckiest in the world’
By Sarah GlodekJuly 20, 2026
1 day ago
It’s not just Taco Bell lettuce and possible glass in Pillsbury rolls: Food and drink recall events reached a 6-year year-over-year high
Retail
It’s not just Taco Bell lettuce and possible glass in Pillsbury rolls: Food and drink recall events reached a 6-year year-over-year high
By Sasha RogelbergJuly 20, 2026
1 day ago

© 2026 Fortune Media IP Limited. All Rights Reserved. Use of this site constitutes acceptance of our Terms of Use and Privacy Policy | CA Notice at Collection and Privacy Notice | Do Not Sell/Share My Personal Information
FORTUNE is a trademark of Fortune Media IP Limited, registered in the U.S. and other countries. FORTUNE may receive compensation for some links to products and services on this website. Offers may be subject to change without notice.