November 06, 2022
As La Paz County's Irwin said: 'They've definitely increased production.'
The Almarai Company, which operates under its subsidiary, Fondomonte, in the US, owns approximately 10,000 acres of farmland in Vicksburg, and is one of the biggest dairy suppliers in the Gulf.
As of 2022, it is valued at $14.65 billion, according to Companies Market Cap.
The Saudi-backed company also owns nearly 3,500 acres in Southern California, another popular mass agricultural spot in America, and uses water from the Colorado River to nurture its crops.
Foreign-owned megafarms have become somewhat of an omnipresent sight in Arizona, as they've expanded from around 1.25 million acres in 2010 to nearly three million acres in 2020, the US Department of Agriculture reports.
In the Midwest, farmland owned by sovereign nations has seen a fourfold increase.
'It gives you that sense you're closer to the source,' Woertz told CNN. '
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