**AWARDS ISSUED PRIOR TO JANUARY 20, 2025, WERE FUNDED UNDER PREVIOUS ADMINISTRATIONS AND MAY NOT REFLECT THE PRIORITIES AND POLICIES OF THE CURRENT ADMINISTRATION.** THIS PROJECT AIMS AT MEASURING THE IMPACT OF FOREIGN DIRECT INVESTMENT ON AGRICULTURE IN THE UNITED STATES. THESE INVESTMENT ACTIVITIES ARE VITAL FOR THE AGRICULTURAL AND FOOD INDUSTRY AS THEY ENSURE ECONOMIC GROWTH AND PROSPERITY, CREATE HIGHLY- COMPENSATED JOBS, SPUR INNOVATION, AND DRIVE INTERNATIONAL TRADE. HOWEVER, SO FAR, WE KNOW LITTLE ABOUT THE IMPACT OF THESE INVESTMENT ACTIVITIES ON FIRM PERFORMANCE AND SPILLOVER EFFECTS ON DOMESTIC FIRMS. THEREFORE, THIS PROJECT WILL DEVELOP A FRAMEWORK TO PRECISELY MEASURE THE IMPACT OF FOREIGN DIRECT INVESTMENT ON FIRMS OPERATING IN THE AGRICULTURAL AND FOOD INDUSTRY. WE WILL ACCOMPLISH THIS TASK BY COMPILING A NOVEL DATASET ON INVESTMENT ACTIVITIES AND LINKING THIS DATA TO DETAILED PRODUCTIVITY AND EFFICIENCY MEASURES COLLECTED AT THE FIRM LEVEL. BY EXPLOITING CHANGES IN INVESTMENT ACTIVITIES OVER TIME AND ACROSS INDUSTRIES, WE DISENTANGLE THE EFFECT OF FOREIGN OWNERSHIP ON FIRM PERFORMANCE. THE ANALYSIS WILL ENABLE US TO MEASURE THE IMPACT ON FOREIGN SUBSIDIARIES AND INVESTIGATE SPILLOVER EFFECTS ON DOMESTIC FIRMS. THEREFORE, OUR PROJECT WILL ENHANCE THE UNDERSTANDING OF A HIGHLY RELEVANT POLICY ISSUE THAT HAS BEEN LARGELY NEGLECTED IN THE EMPIRICAL LITERATURE ON FOREIGN TRADE AND INVESTMENT WHILE BEING OF VITAL IMPORTANCE FOR THE FUTURE OF AGRICULTURE IN THE UNITED STATES. SUCH UNDERSTANDING PROVIDES THE FOUNDATION FOR FACT-BASED PUBLIC DISCUSSIONS AND ALLOWS FOR INFORMED DECISIONS. CONSEQUENTLY, THIS PROJECT ENHANCES MARKET EFFICIENCY AND PERFORMANCE BY PROVIDING ESSENTIAL KNOWLEDGE ON THE FUNCTIONING OF MARKETS IN LIGHT OF CHANGING TRADE AND INVESTMENT ENVIRONMENTS.