(Zero Hedge)—Hedge fund manager Kyle Bass is once again sounding the alarm over Chinese ownership of land across the United States, calling it one of the Chinese Communist Party’s “insane battlefield asymmetries.”
Bass, founder of Hayman Capital Management, made the comments during a wide-ranging interview with Chris Powers on The Fort podcast.
“We afford them what I call battlefield asymmetries that we should not afford to them,” Bass told Powers. “It doesn’t matter who you are in China; you can come to the U.S., you can buy 10,000 acres of farmland in Iowa, you can buy farmland in Texas, or you can buy 100,000 acres of land between our most active airbase and the border, which happened here in Texas. You can’t believe that these things are happening.”
.@Jkylebass to @fortworthchris: China Has ‘Insane Battlefield Asymmetry’ in U.S. Land Ownership
“We afford them what I call battlefield asymmetries that we should not afford to them. It doesn’t matter who you are in China; you can come to the U.S., you can buy 10,000 acres of… pic.twitter.com/PoCf3m1Iyt
— Josh Caplan (@joshdcaplan) February 24, 2025
Bass, who is also the founder of Conservation Equity Management, a Texas-based private equity firm focused on environmental sustainability, highlighted the stark contrast between U.S. policies and China’s restrictions on foreign land ownership, emphasizing the lack of reciprocity between the two superpowers.
“If you and I want to go buy land in China, do you know how successful we’d be? Zero—we would not; they wouldn’t, they don’t allow it. Reciprocity is really important; every single one of our internet search engines and social media companies is banned in China, and yet when TikTok gets banned here, or actually just got an order to be forcibly sold to an American company, they lose their mind,” the investor said.
Bass further criticized how China exploits the openness of American society while maintaining a tightly controlled system at home.
“When every single one of ours is banned over there, they manipulate everything that we do, and we are an open society; they are a closed society,” Bass explained. “They navigate, manipulate every single crack and crevice in our openness to take advantage of us.”
Bass also addressed how China counters U.S. efforts to regulate land purchases by framing opposition as on so-called discrimination:
“When you ask about them buying land, it’s absolutely insane that they can buy land in size over here, and then what they do when you start being more vociferous, or you even start to draft legislation to prevent it – they get like local real estate agents that are Chinese, Chinese Americans, or naturalized Chinese citizens, and they say, ‘You are just a racist; how can you tell a Chinese family in America that’s become Americans they can’t buy a house?’ They create false equivalencies and functional racism, and they throw it all at the screen, and they were trying, you know, now they have you on your back feet; it’s just insane what they do.
Chinese land purchases in the U.S. have become a growing concern among lawmakers and national security experts. The Trump White House has signaled an effort to ban China from buying U.S. farmland, particularly near military installations. According to a 2023 report by the U.S. Department of Agriculture (USDA), Canada holds 33% of foreign-owned U.S. agricultural and nonagricultural land, while China holds just 1%. However, the USDA acknowledged significant public concern regarding Chinese land holdings.
Agriculture Secretary Brooke Rollins has emphasized that banning Chinese land ownership is a priority. “One of the very, very top of the list perhaps is the Chinese purchase of our farmland. A lot of that land is around some of our military outposts,” Rollins said in a recent interview.
Concerns over national security have already prompted action in Texas, where lawmakers blocked a Chinese company from constructing a wind farm in Val Verde County. The Blue Hills Wind Farm was slated for the Devil’s River area, about 200 miles northwest of San Antonio, raising alarms over potential risks to critical infrastructure and national security.
Property owners and conservationists were the first to object to the project, citing environmental concerns and the risks of a foreign entity connecting to the Texas power grid.
Bass has been at the forefront of exposing such threats, exposing a Chinese landowner with alleged ties to the CCP, Sun Guangxin, who had planned to build the wind farm. Bass captured images of an airstrip on Sun’s ranch, alleging that Sun is a former general with strong connections to the Chinese Communist Party.
“When you’re able to plug directly in, you’re able to map it, you’re also able to upload malware, you can do all kinds of horrible things to our grid,” Bass warned.
Bypass Big Tech Censors
Two Storms, One Harvest
Every food crisis in living memory has been a one-shock event. The 2008 price spike was a commodity bubble. The 2020 shortages were a logistics failure. The 2022 grain scare was a war on one exporter’s ports. Each time, the system bent, adjusted, and recovered, and each time the experts assured us afterward that global markets are simply too big and too diversified to fail.
What nobody in Washington seems eager to discuss is that 2026 is shaping up to be something the modern food system has never actually faced. Two independent shocks, one climatic and one geopolitical, are converging on the same harvest cycle at the same time. Not sequentially. Simultaneously.
Start with the weather. The Pacific Ocean is currently building toward what forecasters now openly call a record event. NOAA’s Climate Prediction Center puts the odds of at least a strong El Niño near 88 percent, with roughly two in three odds it reaches “very strong” status, the tier reserved for perhaps three or four events in the entire satellite era. Every major global model now projects a median peak in Super El Niño territory, and most of them project it exceeding the 2015-16 event, which until now held the modern record. Sea surface anomalies were already brushing the super threshold in mid-July, months before these events normally peak. The atmosphere has already shifted into El Niño mode, and the event is forecast to crest in late fall and early winter.
This is not about “climate change.” It’s about the standard cycles of weather, and the cycle we’re currently in is one that has likely devastated societies in the past. We’re better prepared as a society today, but not all Americans are equally prepared.
Serious households have started doing the quiet math on their own. Grocery bills tell part of the story, and the forecast maps tell the rest, which is why long-term food storage has moved from fringe hobby to mainstream line item in the family budget, with established suppliers like Heaven’s Harvest seeing demand from people who five years ago would have rolled their eyes at the idea. That instinct is not paranoia. It is pattern recognition, and the pattern is worth walking through carefully.
Editor’s Note: Heaven’s Harvest IS a sponsor, but the warnings of this article are real and would be written even if we didn’t have a survival food sponsor. With that said, those who take advantage of what they offer can use promo code “Patriot” for 15% off.
The Fertilizer Clock Is Already Running
While the Pacific warms, the second shock has been unfolding in the Strait of Hormuz. The conflict with Iran turned the world’s most important energy chokepoint into a contested waterway, and the consequences reach far beyond the gas pump. Roughly a third of global fertilizer trade moves through Hormuz, and the disruption sent urea prices up 86 percent year over year by March, with a 53 percent jump in a single month.
The World Bank projects energy prices rising about 24 percent in 2026 and fertilizer about 31 percent. By its own accounting, fertilizer prices ran 35 percent higher in the first five months of this year than the same period last year.
Here is the mechanism the nightly news will not explain. Fertilizer is not a grocery item. It is a time-delayed input. The nitrogen a farmer in Iowa or Punjab could not afford to apply this spring does not show up as a problem this spring. It shows up as a thinner harvest six to twelve months later.
The World Bank’s own food security brief concedes that the effects of reduced applications earlier this season “are likely to become visible only later in harvest outcomes.” Translate that from institutional language into plain English and it means this. The damage is already done, it is already in the ground, and we are simply waiting for it to arrive on the shelf.
Now check the calendar. Six to twelve months from the spring planting season lands us squarely in late 2026 and early 2027. Which is precisely when the strongest El Niño in the instrumental record is forecast to peak, bringing its signature droughts to Southeast Asia, Australia, southern Africa, northern Brazil, and South Asia, the very regions that grow the world’s rice, sugar, and oilseeds.
The World Bank warns openly that a strong El Niño “could disrupt multiple crop belts simultaneously” on top of the conflict-driven input costs. Their baseline projection assumes the Middle East disruptions ease by autumn. What in the last two years of Middle East history suggests that assumption is safe?
The System Has No Slack Left
The comfortable answer is that global markets always adjust. But adjustment requires slack, and the slack is gone. Global cereal production is expected to decline from last year’s records even before El Niño does its work. The UN World Food Programme, hardly a den of right-wing preppers, is calling this the most significant disruption to its supply chains since Covid and the invasion of Ukraine, and its supply chain director put the stakes bluntly.
Today’s supply chain challenges are tomorrow’s hunger crisis.
There is also a political dimension that markets cannot price. When food gets scarce, governments do not behave like economists. They behave like politicians. Export bans, hoarding mandates, and panic buying at the national level turned the modest rice shortfall of 2008 into a global crisis, and analysts are already warning that import-dependent nations are the first dominoes.
The 2015-16 Super El Niño, a far weaker event than what is now forecast, threw tens of millions into food stress across Africa and Asia. This one is projected to be stronger, and it arrives with fertilizer already rationed by price and shipping lanes already contested by missiles.
What Joseph Knew
Scripture does not treat preparation for lean years as faithlessness. It treats it as wisdom delivered in advance to those willing to act on it.
Behold, there come seven years of great plenty throughout all the land of Egypt: And there shall arise after them seven years of famine; and all the plenty shall be forgotten in the land of Egypt.
Joseph did not respond to that warning with a hashtag or a committee. He stored grain during the years of abundance, and when the famine came, Egypt stood while its neighbors begged. The lesson is not that famine is certain. It is that the time to prepare is precisely when preparation still looks optional.
Nobody who filled a pantry in a year of plenty has ever regretted it, and nobody standing in an empty aisle has ever been glad he waited for certainty.
None of this calls for panic, and panic is the enemy of sound judgment anyway. It calls for the same unglamorous prudence our grandparents considered ordinary. Keep some cash margin, know your local growers, and put real food in deep storage while it is cheap and available, because the entire arc of this story is that cheap and available is a closing window.
Families looking for a straightforward place to start can visit Heaven’s Harvest and use promo code Patriot for 15 percent off long-term storable food. The forecasts may yet soften, the strait may yet reopen, and we should pray they do. But hope is a fine thing to hold and a foolish thing to eat.