CHICAGO - Arkansas ordered Syngenta to sell 160 acres of farmland in the U.S. state within two years on Tuesday because the company is Chinese-owned, drawing a sharp rebuke from the global seeds producer.
Syngenta said it was disappointed and called the decision"a shortsighted action" that will hurt Arkansas farmers. The company owns about 1,500 acres of U.S. agricultural land for research, development and regulatory trials on products used by U.S. farmers, spokesman Saswato Das said. In a form filed with the U.S. Department of Agriculture about the property last year, Syngenta said:"Ultimately, the foreign person that holds indirectly a significant interest in the person owning the land is from China," according to a copy of the document posted by Griffin's office.
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