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ARKANSAS ORDERS SYNGENTA TO SELL THE FARM IT OWNS IN THE STATE
Oct. 18, 2023
Agri-Pulse reports:
Northrup King Seed Co., a subsidiary of Syngenta, has been ordered to divest its ownership of 160 acres of land under a new Arkansas law prohibiting businesses "controlled" by China and certain other countries from holding land in the state.
The company is also facing a $280,000 fine - 25% of the reported fair market value of the land - for failing to report foreign ownership on time, according to the letter it received from Arkansas Attorney General Tim Griffin.
To read the letter click here.
Syngenta is owned by a Chinese state-owned business, the China National Chemical Co.
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