In States where foreign persons own few parcels, the possibility
of one. or two unusual situations prevents any generalization
about concentration. For example, one large timber holding by a
foreign person in a State with a large number of field-crop farms
could easily be misinterpreted to suggest that a single foreign
person was taking over|the farming. of the State.

Purchase Price and Value of Holdings. As noted earlier under
"Type of Foreign Owner}" corporations own 72 percent of the
acreage. Corporate purchase price and nonpurchase price
(estimated value) at time of acquisition account for 70 percent
of the total price (table 5). The average per acre purchase
price and nonpurchase price (estimated value) at time of
acquisition was the lowest for partnerships at $685; followed by
corporations, $696; individuals, $902; and all others, $1,129.

For recent acquisitions, purchase price generally will be close
to, but not necessarily the same as, current value. As time
passes, purchase price|becomes a poor indicator of current value.
For this reason, reported current value by date of acquisition
was adjusted to January 1992 for all years prior to 1992 (table
6). The total adjusted current value indicates a 5-percent
decrease from the reported current value. The adjustment factor

TABLE 4--FOREIGN-OWNED U.S. AGRICULTURAL LANDHOLDINGS
BY SIZE| OF HOLDING, DECEMBER 31, 1992

SIZE buners PARCELS ACRES
(ACRES) (NUMBER ) (NUMBER) (NUMBER )
|

LESS THAN 20 847 887 8,797
20-59 1,297 1,478 44,272
60-99 678 805 52,587
100-299 1,673 2,104 295,383
300-999 1,621 2,475 898.679
1000 OR MORE 1,224 5,094 13,219,281
TOTAL 7,340 12,840 14,518,999

TABLE 5--VALUE OF U.S. AGRICULTURAL LANDHOLDINGS

BY TYPE OF| FOREIGN OWNER, DECEMBER 31, 1992
ACRES ACRES
WITH PURCHASE WITH NON-
OWNERS PURCHASE PRICE iV NON- PURCHASE
OWNER (NUMBER ) PRICE (1,000 PURCHASE PRICE 4/
REPORTED DOLLARS) PRICE (1,000
(NUMBER ) REPORTED DOLLARS)
(NUMBER)
INDIVIDUAL 2,e7¢ 773,284 778,594 137,937 42,481
CORPORATION 31110 8,923,865 6,162,351 2,171,641 1,138,356
PARTNERSHIP 1,100 2,672,075 1,791,538 212,425 185,416
ESTATE 8 281 1,073 : 700 59
TRUST 224 190,536 241,180 16,191 8,848
INSTITUTION 3 1,075 1,367 ° °
ASSOCIATION 2 9,402 12,789 ° °
OTHER " 6,983 12,663 2,604 2,031
TOTAL 7.34¢ 11,977,501 9,002,555 2,541,498 1,377,191

i1/ PURCHASE PRICE ano NONPURCHASE PRICE AT TIME OF ACQUISITION.

10



TABLE 23--U.S.

AGRICULTURAL LAND ACQUISITIONS BY COUNTRY OF

FOREIGN OWNER,

UANUARY 1 - DECEMBER 31, 1992
OWNERS PARCELS ACRES VALUE
COUNTRY REPORTING | REPORTED (NUMBER ) (1,000
(NUMBER ) (NUMBER) DOLLARS) 4/

AUSTRALIA 2 2 2,001 448
BAHAMAS, 3 3 1,045 17,262
BELGIUM 1 1 77 149
BRITISH VIRGIN ISLANDS 2 2 4,408 4,599
CANADA 12 13 6.643 2,819
CHILE 1 1 19 40
FRANCE 2 2 ag 195
GERMANY 61 68 10,046 12,160
GUATEMALA 1 1 80 600
HONDURAS 1 1 126 95
ITALY 2 2 235 625
JAPAN 4 5 10,054 1,996
LIECHTENSTEIN 2 3 1,591 666
MEXICO 2 2 165 650
NETHERLANDS 4 4 A66 683
NETHERLANDS ANTILLES 1 1 20 120
SAUDI ARABIA 1 1 206 85
SWEDEN 1 1 160 725
SWITZERLAND 4 12 632 3,041
TAIWAN 1 1 50 595
THAILAND 2 2 605 243
UNITED KINGDOM 10 29 16,936 38,672
VENEZUELA 2 8 2,370 7,039
MULTIPLE 3 3 978 485

SUBTOTAL 2/ 125 168 58,962 91,992
US/AUSTRIA 2 2 209 935
US/BELGIUM 2 8 1,105 2,509
US/BRAZIL 3 5 65 675
US/CANADA 12 16 22,531 8,846
US/FRANCE 6 14 13.873 17,392
US/GERMANY 9 13 10,990 8.561
US/TRELAND 1 3 aT 425
US/UAPAN 7 8 2.985: 16,895
US/LIECHTENSTEIN 2 2 19,463 6,706
US/MEXICO 3 3 32,044 4,612
US/NETHERLANDS 4 4 4,003 8,600
US/PANAMA 1 1 156 1,175
US/SWEDEN 1 1 30 72
US/SWITZERLAND 4 8 597 756
US/UNITED ARAB EMIRATES 1 1 490 2,500
US/UNITED KINGDOM 10 22 7,072 20,571
US/VENEZUELA 2 2 1,503 1,881
US/MULTIPLE 1 1 233 4,800
US/THIRD TIER 1 2 a2 38

SUBTOTAL 3/ 72 116 117,438 107,949
TOTAL ALL

LAND ACQUISITIONS 197 284 176,400 202,941

A/ VALUE

2/ TOTAL
SHAREHOLDERS.

3/ TOTAL INTERESTS

INTERESTS EXCLUDING U.S.

OF U.S.

31

IS PURCHASE PRICE OR NONPURCHASE PRICE (ESTIMATED VALUE).
CORPORATIONS WITH FOREIGN

CORPORATIONS WITH FOREIGN SHAREHOLDERS.


Acquisitions ‘ oy

Foreign persons reported that they had acquired 284 parcels of
U.S. agricultural land covering 176,400 acres during January 1-
December 31, 1992 (tables 18 and 19). Included in these acquisi-
tions data are reports filed by U.S. entities that became foreign
during the period. This change occurs when a significant inter-
est or substantial control in a U.S. entity is subsequently
acquired by a foreign person. Consequently, all of the reported
acres are not necessarily recent land purchases. ‘These ac-
quisitions could include land held for any length of time by a
U.S. entity that recently came within the definition of a foreign
person under the act.

The reported acquisitions data should be regarded as preliminary
in that they understate the total acreage acquired by foreign
persons during the reporting period. Because foreign persons
have a statutory 90 days within which to report their acquisi-
tions, not all the acquisitions acquired in the 90 days preceding
the December 31, 1992, closing date of this report were. received
for processing by USDA. Therefore, a number of reports for
October, November, and December are not included in this report.
A further understatement of the acreage acquired by foreign :
persons during the reporting period may result from reports that
are not timely filed and/or completed by the closing date of this
report. Consequently, such reports would not have been processed
for inclusion in this report.

TABLE 18--U.S. AGRICULTURAL LAND ACQUISITIONS OF FOREIGN OWNERS BY STATE,

JANUARY 1 - DECEMBER 31, 1992
STATE VALUE STATE VALUE
AND U.S. ACRES (1,000 AND U.S. ACRES (4,000
TERRITORY (NUMBER) DOLLARS) TERRITORY (NUMBER ) DOLLARS)
1/ ay
ALABAMA 1,627 611 | NEVADA 480 190
ARIZONA 3,530 1,643 |NEW HAMPSHIRE 1 3
ARKANSAS. 2,605 1,128 |NEW JERSEY 653 1,010
CALIFORNIA 4,914 31,856 |NEW MEXICO 34,400 1,407
COLORADO 1,184 12,334 |NEW YORK Bit 857
FLORIDA 8,154 11,805 |NORTH CAROLINA 1,003 2,256
GEORGIA 5.176 7,245 |OHIO 404 607
HAWAIT 3,569 30,992 | OKLAHOMA 2,480 1,067
IDAHO 58 147 | OREGON 2,928 7,872
ILLINOIS 2,984 8,178 | PENNSYLVANIA 212 294
INDIANA 854 1,630 ]|SOUTH CAROLINA 900 908
IOWA 80 360 | TENNESSEE 200 288
KANSAS 20 17 | TEXAS 5,920 12,026
KENTUCKY 1,840 22,735 |UTAH 916 4,335
LOUISIANA 27,017 10,968 | VERMONT 3,564 1,445
MAINE 20,403 3,020 |VIRGINIA 5,579 8,249
MICHIGAN 236 293 [WASHINGTON 4,370 4,948
MISSISSIPPI 7,326 3.724 |WEST VIRGINIA 2,908 1,060
MISSOURI 3,702 1,165 |WISCONSIN 225 315
MONTANA 12,147 2,351 |WYOMING 706 1,412
190

NEBRASKA #20 TOTAL 176,400 202,941

A/) VALUE IS PURCHASE PRICE OR NONPURCHASE PRICE (ESTIMATED VALUE).

27 -


Corporations account for the largest number of owners reporting:
acquisitions of forest|or forest and other nonagricultural land--
59 percent of the owners reported acquiring 49 percent of the
parcels covering 61 percent of the acres (table 29). MTwenty-
eight percent of the owners were individuals who reported acquir-
ing 13 percent of the parcels, but only 2 percent of the acres.

Owners of parcels with|less than 1,000 acres, 76 percent of the
owners, reported acquiring 58 percent of the parcels covering
only 10 percent of the| forest or forest and other nonagri-
cultural lands (table 30). The remaining 24 percent of the
owners, owning parcels|with 1,000 or more acres, reported
acquiring 42 percent of the parcels covering 92 percent of these
lands.

Intended Use

Reports for 92 percent|of the acres indicated no change in land
use (table 31). Intended changes to other agricultural and
nonagricultural uses were reported for holders of 5 percent of
the acquired acres. Because the form asks for changes by parcels
and not acres, all of these acres may not be affected by the
indicated changes. No|reports on intended use were received for
3 percent of the acres.

TABLE 29--U.S. FOREST AND OTHER NONAGRICULTURAL LAND ACQUISITIONS
BY TYPE OF FOREIGN OWNER, JANUARY 1 - DECEMBER 31, 1992
(NUMBER)

PARCELS WITH
OWNER OWNERS PARCELS ACRES PARTIAL ACREAGE

REPORTING| REPORTED INTERESTS EQUIVALENT 2/
REPORTED 41/

953
INDIVIDUAL 2 963 4
CORPORATION 33 29,263 ° 29.269
PARTNERSHIP 25 17,357 1 :
TOTAL 3 67 47,583 2 47,483

ro
9_>_| 8 __.0.0_|

RE OWNED
4/ | PARCELS WITH PARTIAL INTERESTS ARE THOSE PARCELS WHICH A
ONLY IN PART BY THE FOREIGN INVESTOR; THAT IS, A PERCENTAGE INTEREST

LESS THEN 100 PERCENT |
2/ ACREAGE EQUIVALENT EQUALS THE TOTAL ACREAGE REPORTED MULTIPLIED

BY THE PERCENTAGE HELD BY THE FOREIGN OWNER.

TABLE 30--FOREIGN ACQUISITIONS OF U.S. FOREST AND OTHER NONAGRICULTURAL
LAND BY SIZE OF ACQUISITION, JANUARY 1 - DECEMBER 31, 1992

SIZE owners PARCELS ACRES VALUE

(ACRES) REPORTING REPORTED (NUMBER ) (1,000
(NUMBER ) (NUMBER ) DOLLARS) 4/
|
LESS THAN 20 4 4 34 92
20-59 8 9 243 739
60-99 3 3 224 735
100-299 6 10 1,193 704
300-999 5 13 3,179 3,413
1000 OR MORE 8 28 42,716 21,867
TOTAL 34 67 47,583 27,550

4/ > VALUE TS PURCHASE PRICE OR NONPURCHASE PRICE (ESTIMATED VALUE).

36



Under the regulations,| the reporting entity (other than an
individual or government) , whether domestic or foreign, is
required to provide information (names, addresses, citizenship,
and the nature of the entity, if any) on the second-tier invest-
ments; that is, all foreign persons holding a significant inter-
est or substantial control in the reporting entity. In turn, a
second-tier entity may be required to provide information about
foreign persons who hold a significant interest or substantial
control in that entity.

When the foreign person is an individual from, or an entity
created under the laws of, for example, Germany, the report is
processed as "Germany .|" Where persons from many different
countries hold direct |jand indirect interests in one piece of
land, an attempt is made to identify the predominant country as
the country of origin! When there is no predominant country--for
example, an equal partnership between a Canadian and a German--
the report is processed as "Multiple." Reports filed by U.S.
corporations with foreign shareholders are classified "U.S./-
(foreign country). For example, a U.S. corporation with a
Canadian shareholder who has a significant interest or substan-
tial control is processed as "U.S./Canada." Similarly, a U.S.
corporation owned by another U.S. corporation in which a Canadian
corporation has a significant interest or substantial control is
processed as "U.S. /Canada. " Where foreign shareholders with a
significant interest or substantial control are from a number of
countries, none of which predominates, the report is processed as
"U.S./Multiple." If three or more tiers of U.S. corporations are
listed with no foreign interest indicated, the report is pro-
cessed as "U.S. /Third |Tier." Noncorporate entities with U.S.
interests are processed under the predominant country of origin.

U.S. agricultural land owned by a U.S. entity deemed a foreign
person under the act (the party legally responsible for providing
the information required by the act) is reported from the stand-
point of the U.S. entity rather than that of the foreign share-
holder.

The AFIDA procedures provide for land to be reported by parcels.
All land held in the same manner (type of interest), located in
one county, and acquired at the same time, is considered a parcel
and is to be reportedjon a single form. Land does not have to be
adjacent to be considered part of one parcel. This parcel con-
cept is intended to ease the reporting burden.

All parcels (and acres) for each owner have been combined under
each owner. Therefore, the number of owners is less than the
number of parcels. However, because owners do not always report
their names in exactly the same way on each form, it is difficult
to attribute these forms with great precision to one person or
legal entity. Some foreign persons hold land in their own names
and also hold interests in entities that own other lands. These
entities are treated 4s separate owners.

The data in this report should be viewed in light of the fore-
going caveats and those accompanying the tables. Reporters’



TABLE 40--ACQUISITIONS AND DISPOSITIONS OF FOREIGN-OWNED U.S. AGRICULTURAL LAND, BY DATE
VANUARY, 1981 ~ DECEMBE

1992~--CONTINUED

ACQUISITIONS

DISPOSITIONS

DATE
PARCELS ACRES VALUE PARCELS ACRES VALUE
REPORTED (NUMBER) (1,000 REPORTED (NUMBER) (1,000
(NUMBER ) DOLLARS )41/ (NUMBER) DOLLARS )1/
1991 :
UANUARY 48 15,893 87,302 27 4,700 5,398
FEBRUARY 36 12/979 38/212 36 51190 111015
MARCH 43 29,964 38,977 19 106,042 16,607
APRIL 31 54,494 33,801 at 50,132 18,053
MAY 33 19,003 36,018 25 5,483 2,314
UNE 36 75.168 29/099 35 189,924 231370
YULY 140 1311894 168,950 14 7230 8.715
AuGUsT 37 8.975 11,292 34 4.064 51822
SEPTEMBER 26 181272 261073 16 21715 8,199
OCTOBER 23 6,685 7,218 33 16,865 7,183
NOVEMBER 22 6.889 13/582 26 8,033 alan
DECEMBER 50 34.769 33.412 64 162,709 26,999
MULTIPLE ° ° ° 1 60 914
TOTAL ses 414,985 493,936 371 563,147 137,700
1992
YANUARY 63 10.378 17,827 a3 26,860 23,359
FEBRUARY 30 6,170 22,939 18 3,901 2,929
MARCH 22 28.124 291913 45 281315 16.768
APRIL 30 201282 391993 60 14.539 tolse3
MAY 2a 421802 131377 52 69.861 9.928
UNE 24 11.766 6.810 84 271952 14.593
JULY 33 321421 42,082 51 551417 44/520
AUGUST 22 1114g2 191046 28 61992 15/204
SEPTEMBER 22 6.751 51594 42 295/806 al ie4
octoner 12 4.025 51208 23 alata 11519
NOVEMBER 2 11402 512 2 11927 261
TOTAL, 284 176,400 202,941 418 475,884 113,908
4/ VALUE IS PURCHASE PRICE OR NONPURCHASE PRICE (ESTIMATED VALUE) AT TIME OF ACQUISITION,
Figure 3
i
Trends in Foreign Ownership of Agricultural Land by Type of Use, 1981-92
Million acres
15
144
13
12 4
Forest
4
10
9
8
7 Nonag
Other ag
6 fisssesss
5 ee Pasture
4 Ee
3 Le
2 E
1 Crop
0

1981 1982

1983

1990

1991

46


TABLE 40--ACQUISITIONS AND DISPOSITIONS OF FOREIGN-OWNED U.S. AGRICULTURAL LAND, BY DATE
UANUARY 1981 - DECEMBER 1992
!
DATE |
PARCELS ACRES VALUE PARCELS ACRES VALUE
REPORTED (NuMBER) |] (1,000 REPORTED (NUMBER) | (1,000
(NUMBER ) DOLLARS) 1/ (NUMBER ) DOLLARS) 1/
1981
UANUARY 151 67.016 105,977 53 44,136 29,207
FEBRUARY 152 44,004 35 11,026 17,559
MARCH 283 [2,488,783 1, 44 105,183 31,220
APRIL 175 104,963 55 50.437 35,157
MAY 186 137.594 55 10,853 17,352
JUNE 196 115.743 60 50.818 35.890
JULY 176 137,844 54 61,558 41,688
AUGUST 196 376,852 45 26.419 58,695
SEPTEMBER 187 53,392 40 5.287 8.718
OCTOBER 155 110,969 4G 18,188 13,800
NOVEMBER 155 75,149 50 23,154 18,752
DECEMBER 149 113,428 61 31,424 35,779
MULTIPLE 7 1,846 1 4 204
TOTAL 2.138 [3,827,580 3,204,711 599 438,488 344,021
1982
UANUARY 192 91,675 154,961 64 32,954 44,881
FEBRUARY 104 52,752 74,334 36 25,870 17,294
MARCH 142 50.444 91.443 34 71463 111458
APRIL 121 55,098 67,163 37 28,636 20,515
MAY 118 83.935 64,285 39 91156 26,175
JUNE 139 78,924 65,084 a7 29,471 39,797
JULY 135 70,444 87.531 39 11,608 19,166
AUGUST 108 192,259 97.743 34 15,860 23,957
SEPTEMBER 72 27.359 29.208 26 51414 5.375
OCTOBER 96 38,395 34.407 43 22830 2.727
NOVEMBER 88 125,187 157,806 38 18.900 64.881
DECEMBER 94 36.314 55.668 56 15.698 24,353
MULTIPLE 7 5.552 3.875 ° ° °
TOTAL 1,413 908,335 983,505 aso 203,860 297,579
1983
UANUARY 97 31.443 59.184 29 12,689 14,839
FEBRUARY 78 45,893 47,207 35 125,214 231649
MARCH 738 22,281 46,234 33 8, 104 15,202
APRIL 110 87,240 57,953 70 20,300 22.575
MAY 447 37.300 67,493 68 27,497 18,420
JUNE 74 29.725 56.413 59 71096 41,642
JULY 86 46.511 46.579 52 18.655 27,687
AUGUST 70 33.685 30,760 53 34,153 23,677
SEPTEMBER m1 104,823 98.673 39 44,152 42.173
OCTOBER a8 19,091 27.416 at 4.571 28,029
NOVEMBER 17 55.024 324,795 61 176,802 290.889
DECEMBER 77 32,479 64.769 73 15,489 33,925
TOTAL 983 545,495 927,476 613 461,719 552,707
1984
UANUARY 114 318,532 138,377 126 55,223 56,439
FEBRUARY 43 191078 50.271 27 13,920 22,447
MARCH 67 78,118 89,462 52 26,609 24.878
APRIL at 72.868 95,844 47 34,384 40,479
MAY 6s 14,031 19,148 38 7.524 10,568
JUNE 73 50,632 68.270 42 29,884 37,044
vULY 52 14,053 155,774 47 14,162 24,759
AUGUST 68 35.707 90,410 44 12,893 30,471
SEPTEMBER 53 24.607 40,282 53 6.278 9,699
OCTOBER a5 19.515 36,186 30 17.256 26.744
NOVEMBER 4g 43,760 44.772 60 14.005 16,530
DECEMBER 88 964,261 278,404 7 836,284 101.679
MULTIPLE 1 170 875 ° ° °
TOTAL 797 -|1,655,332 1,104,775 635 1,068,419 401,734
1985
UANUARY 50 114,392 72,864 25 7,192 9,895
FEBRUARY 28 g.ett 24.415 19 12.167 10.931
MARCH 42 13.336 88,121 27 5.720 16.476
APRIL 45 17,038 20,663 47 91285 131290
MAY a4 60,793 231631 34 21844 6.900
JUNE 39 20.514 21.864 26 26.265 1174
vULY 45 67,647 49.427 26, 1,966 3,390
AUGUST. 35 81734 15,252 31 7.431 4,109
SEPTEMBER 114 -|1,754.920 39,961 27 193,377 14,726
OCTOBER 87 14, 108 38,403 32 14,878 7,834
NOVEMBER 25 8,705 26,469 18 61974 7,340
DECEMBER 140 83,319 71,178 143 36.540 49,426
MULTIPLE 1 439 293 ° °
TOTAL 662 |2, 172,787 192,538 ass 324,639 152,488
CONTINUED ~
44



UNITED STATES DEPARTMENT OF AGRICULTURE
ECONOMIC RESEARCH SERVICE
WASHINGTON, DC 20005-4788



TABLE 38--DISPOSITIONS OF U.S. AGRICULTURAL LAND BY COUNTRY OF FOREIGN OWNER, BY U.S. REGION,
JANUARY 1 - DECEMBER 31, 1992
(NUMBER )
SOUTH WEST NORTHEAST MIDWEST
COUNTRY i
PARCELS ACRES PARCELS ACRES. PARCELS ACRES PARCELS ACRES.
REPORTED REPORTED REPORTED REPORTED

BAHRAIN ° ° ° ° ° ° 2 160
BERMUDA ° ° 3 109 ° ° ° °
BRITISH VIRGIN ISLANDS 1 24 ° ° ° ° ° °
CANADA 5 1,495 1 2,125 29 276,507 ° °
CAYMAN ISLANDS ° ° ° ° ° ° 2 240
FRANCE 3 287 ° ° ° ° ° °
GERMANY 19 23,900 13 12,172 3 10 3 953
GREECE ° ° ° ° ° ° 1 80
JAPAN ° ° 1 160 ° ° 1 1,476
LIECHTENSTEIN 1 32 ° ° ° ° ° °
NETHERLANDS ANTILLES 3 3,036 1 160 ° ° ° °
PANAMA 1 400 ° ° ° ° ° °
SAUDI ARABIA ° ° 1 9,280 ° ° ° °
SOUTH AFRICA ° ° 1 1,452 ° ° ° °
SWEDEN 2 685 ° ° ° ° ° °
SWITZERLAND. 19 492 3 143 ° ° ° °
SYRIA 1 1,998 ° ° ° ° ° °
UNITED ARAB EMIRATES 4 15 ° ° ° ° ° °
UNITED KINGDOM 17 2,809 6 6,803 1 4,351 2 400
VENEZUELA ° ° ° ° ° ° 2 4

SUBTOTAL 4/ 76 35.170 30 32,404 33 280,868 13 3,013
US/AUSTRIA ° ° 2 312 ° ° ° °
US/BAHAMAS, ° ° 1 160 1 42 1 1,200
US/CANADA 12 2,155 1 17,916 3 17,185 °
US/FRANCE 238 19,799 4 1,478 58 20,273 53 19,816
US/GERMANY 1 ais Ss 1,392 ° ° 3 554
US/ITALY 1 5 ° ° ° ° ° °
US/JAPAN ° ° 3 6 ° ° ° °
US/LIECHTENSTEIN 2 33 1 54 ° ° 1 5
US/NETHERLANDS, 8 269 6 676 ° ° ° °
US/NETHERLANDS ANTILLES 9 1,515 ° ° ° ° ° °
US/PANAMA ° ° 2 1,019 ° ° ° °
US/SAUDI ARABIA 1 564 ° ° ° ° ° °
US/SWITZERLAND 6 1,864 2 23 ° ° ° °
US/UNITED KINGDOM 8 9,165 6 2,385 ° ° 31 3,109
US/MULTIPLE ° ° ° ° ° ° 1 80
US/THIRD TIER 5 965 ° ° ° ° ° °

SUBTOTAL 2/ Bt 36,747 33 25,418 62 37,500 90 24,764
TOTAL ALL :

LAND DISPOSITIONS 157 7,917 63 57,822 95 318,368 103 27,777

41/ TOTAL INTERESTS EXCLUDING U.S.
2/ TOTAL INTERESTS OF U.S. CORPORA

42

CORPORATIONS WITH FOREIGN SHAREHOLDERS.
TIONS WITH FOREIGN SHAREHOLDERS.


TABLE 8=-U.S. AGRICULTURAL LANDHOLDINGS BY COUNTRY OF FOREIGN OWNER,
DECEMBER 31, 1992
(NUMBER)

COUNTRY OWNERS PARCELS ACRES
ARGENTINA 36 44 13,994
AUSTRALIA 15 18 5.434
AUSTRIA 84 78 55,522
BAHAMAS 33 49 34,879
BAHRAIN 2 2 313
BARBADOS 1 3 117
BELGIUM ot 108 65,827
BELIZE 4 “6 549
BERMUDA 49 66 73,667
BOLIVIA 2 2 14
BRAZIL 6 9 5,262
BRITISH VIRGIN ISLANDS 29 43 67,881"
CANADA 1,320 1,620 1,691,157
CAYMAN ISLANDS, 42 48 22,984
CHILE 7 7 1,582
CHINA 6 7 a96
COLOMBIA 34 37 11,409
COSTA RICA 7 9 19,419
CUBA 2 2 20
CZECHOSLOVAKIA 4 5 485
DENMARK 17 24 9,092
DOMINICAN REPUBLIC 12 12 2,128
ECUADOR 23 29 976
EGYPT 13 15 2,134
EL SALVADOR 3 3 128
FRANCE 144 177 87,277
GAMBIA 1 1 294
GERMANY 1,045 1,642 742,360
GREECE 16 22 60.416
GUATEMALA 10 4 1,102
GUYANA 1 1 35
HONDURAS 12 12 1,018
HONG KONG 6t 89 14,763
HUNGARY 1 2 110
INDIA 4 13 1,687
INDONESIA 2 4 752
TRAN 20 23 2,343
IRELAND 6 16 10.526
TSRAEL 5 6 951
ITALY 34 48 82,527
IVORY COAST 1 1 119
UAMAICA 3 A 1,634
UAPAN 95 123 199/339
YORDAN. 16 18 1,580
KAMPUCHEA 1 1 34
KOREA (SOUTH) 8 8 1,870
KUWAIT 10 15 20, 156
Laos 1 4 31
LEBANON 33 43 13,114
LIBERIA 16 22 29,684 -
LIECHTENSTEIN 118 166 132,613
LUXEMBOURG 6 9 3.976
MALAYSIA 4 8 7,948
MEXICO 215 269 175,587
Morocco 2 5 1,035
NAMIBIA 2 3 197
NETHERLANDS 230 303 113,890
NETHERLANDS ANTILLES 303 397 359,505
NEW ZEALAND 3 3 463
NICARAGUA 3 4 1,378
NORWAY 24 24 5,393
‘OMAN 2 5 484
PAKISTAN 7 9 2,168
PANAMA 134 160 165, 182
PERU 19 20 308
PHILIPPINES 29 40 3,663
POLAND 1 1 147
PORTUGAL Ss 6 1,306
RUSSIA 1 4 761
ST VINCENT 2 4 2,637
SAUDI ARABIA 42 58 30,336
SINGAPORE 4 4 528
SOMALIA 1 1 "
SOUTH AFRICA 5 5 2,309
SPAIN 18 22 3.716
SWEDEN 27 37 31.834
SWITZERLAND 363 501 289,801
SYRIA 6 8 2,689
TAIWAN 28 34 7,873
TANZANIA 2 2 10,143
THAILAND 6 8 1,807
TRINIDAD & TOBAGO 3 3 94
TURKEY 1 1 38
TURKS ISLANDS 8 12 3,192
UNITED ARAB- EMIRATES W 14 3,930
UNITED KINGDOM 232 432 1,808,004
URUGUAY 6 8 10,807
VENEZUELA 93 145 22,430
ee CONTINUED ~~

14



TABLE 24--FOREIGN OWNERSHIP OF U.S. AGRICULTURAL LAND ACQUISITIONS BY U.S. REGION,
YANUARY 1 ~ DECEMBER 31, 1992
(NUMBER )
SOUTH WEST NORTHEAST MIDWEST
COUNTRY |
PARCELS | AcRES | PARCELS | ACRES | PARCELS | ACRES | PARCELS | ACRES
REPORTED | REPORTED REPORTED REPORTED

AUSTRALIA 2 2,001 ° ° ° ° ° °
BAHAMAS 3 1,045 ° ° ° ° ° °
BELGIUM ° ° ° ° ° ° 1 17
BRITISH VIRGIN ISLANDS 2 4), 408 ° ° ° ° ° °
CANADA 4 ane ° ° 9 6.197 ° °
CHILE 1 19 ° ° ° ° ° °
FRANCE 1 34 ° ° 1 15 ° °
GERMANY a8 2,742 3 5,796 4 399 7 1,109
GUATEMALA 1 80 ° ° ° ° ° °
HONDURAS 1 126 ° ° ° ° ° °
ITALY 2 235 ° ° ° ° ° °
YAPAN 1 102 1 6,400 1 120 2 3,432
LIECHTENSTEIN 1 1,533 2 58 ° ° ° °
MEXICO 1 100 1 65 ° ° ° °
NETHERLANDS 2 190 ° ° ° ° 2 276
NETHERLANDS ANTILLES 1 20 ° ° ° ° ° °
SAUDI ARABIA 1 206 ° ° ° ° ° °
SWEDEN ° ° 4 160 ° ° ° °
SWITZERLAND 10 128 2 504 ° ° ° °
TAIWAN ° ° 1 50 ° ° ° °
THAILAND 4 ans ° ° 1 164 ° °
UNITED KINGDOM 17 19,790 10 6,004 2 142 ° °
VENEZUELA 1 10 ° ° ° ° 7 2,360
MULTIPLE ° ° ° ° 3 978 ° °

SUBTOTAL 1/ 101 .24,656 27 19,037 24 8,015 19 7,254
US/AUSTRIA ° ° 2 209 ° ° ° °
US/BELGIUM 5 927 2 1 ° ° 1 167
US/BRAZIL 4 61 ° ° ° ° 4 4
US/CANADA 9 4.437 3 3,766 4 17,628 ° °
US/ FRANCE 6 7.899 3 5,550 1 1 4 423
US/GERMANY 4 8.554 1 2,178 ° ° 1 258
US/TRELAND 3 a7 ° ° ° ° ° °
US/JAPAN 2 656 5 2,249 ° ° 4 80
US/LIECHTENSTEIN 1 19,443 1 20 ° ° ° °
US/MEXICO 1 72 2 31,972 ° ° ° °
US/NETHERLANDS, 4 1,003 ° ° ° ° ° °
US/PANAMA ° ° 1 156 ° ° ° °
US/SWEDEN 1 30 ° ° ° ° ° °
US/SWITZERLAND 6 257 ° ° ° ° 2 340
US/UNITED ARAB EMIRATES 1 4390 ° ° ° ° ° °
US/UNITED KINGDOM 7 2,758 5 3.818 ° ° 10 496
US/VENEZUELA 2 +503 ° ° ° ° ° °
US/MULTIPLE ° ° 1 233 ° ° ° °
US/THIRD TIER 2 42 ° ° ° ° ° °

SUBTOTAL 2/ 62 47,879 26 50, 162 5 17,629 23 1,768
TOTAL ALL

LAND ACQUISITIONS 163 72.898 53 69, 199 26 0-25,644

A4/ TOTAL INTERESTS EXCLUDING U.S. CorPoRaTIONS WITH FOREIGN SHAREHOLDERS.

2/ TOTAL INTERESTS OF U.S. CORPORATIONS WITH FOREIGN SHAREHOLDERS.

| 32



List of Tables

Table
1. U.S. agricultural landholdings of foreign owners by
State, December 31, 1992... 5 2 2. 2. 2 ee ee eee
2. U.S. agricultural landholdings by type of foreign
owner, December 31, 1992 . . -.- 2 6 6 ee ee ee ee
3. Foreign owners of U.S. agricultural landholdings by
State, December 31, 1992 . . 2. 2. 2. ee 2 ee ee ew ew ee
4. Foreign-owned U.S. agricultural landholdings by size of
holding, December 31, 1992... 2. 2. 2 2 ee se eee
5. Value of U.S. agricultural landholdings by type of
foreign owner, December 31, 1992... 2. 2 ee se eee
6. Value of foreign-owned U.S. agricultural landholdings
by date of acquisition, December 31, 1992 ......-.
7. Value of foreign-owned U.S. agricultural landholdings
by State, December 31, 1992 . . . 1 2 ee 2 © we we eee
8. U.S. agricultural landholdings by country of foreign
owner, December 31, 1992 . 2. 2. 2 we ee ew ee ew ee
9. Foreign ownership of U.S..agricultural. landholdings by
U.S. region, December 31, 19920. . woe ee ee ee ee
10.° Foreign-owned U.S. agricultural landholdings by type of
interest, method of acquisition, and owner-
representative, December 31, 1992 ......-.+ 24.2.
11. Use of U.S. agricultural landholdings by country of
foreign owner, December 31, 1992... ..+2 +. +e eee
12. U.S. forest and other nonagricultural landholdings. of
foreign owners by State, December 31, 1992 .......
13. U.S. forest and other nonagricultural landholdings by
country of foreign owner, December 31, 1992 ......
14. U.S. forest and other nonagricultural landholdings by
type of foreign owner, December 31, 1992 .......-.
15. Foreign-owned U.S. forest and other nonagricultural
landholdings by size of holding, December 31, 1992...
16. Intended use of U.S. agricultural landholdings of
foreign owners, December 31, 1992. . .. 1... 2 eee
17. Tenure of foreign-owned U.S. agricultural landholdings,

December 31, 1992 . . 2. 2. 6 2 2 © 2 ee ee ew ee eee

iii

10

10

11

13

14

16

19

20

23

24

25

25

25

26


No change in intended use was reported for 94 percent of the
acres (table 16). Intended use changes to other agricultural
usage were reported for holders of 2 percent of the acres.
Reports for 3 percent of the acres indicate that some change to
nonagricultural use is intended. Such reports do not necessarily
mean, however, that all of these acres will be changed. What the
reports do mean is that the holders of these acres intended to
change the use of some of the acreage. However, the report form
does not ask how many acres will be involved. Reports represent-
ing 1 percent of the acres did not indicate intended use.

TABLE 14--U.S. FOREST AND OTHER NONAGRICULTURAL LANDHOLDINGS
BY TYPE OF FOREIGN OWNER, DECEMBER 31, 1992

(NUMBER )
PARCELS WITH ACREAGE
OWNER OWNERS PARCELS ACRES PARTIAL EQUIVALENT 2/
INTERESTS 1/
INDIVIDUAL 394 467 113,304 38 141,782
CORPORATION 339 1,473 4,766,518 424 3,614,401
PARTNERSHIP 412 274 1,678,274 20 1,674,204
ESTATE 1 1 14 ° 14
TRUST 22 45 33,526 ° 33,526
OTHER 5 6 1,063 ° 1,063
TOTAL 873 2,266 6,592,699 179 5,434,990

4/__PARCELS WITH PARTIAL INTERESTS ARE THOSE PARCELS WHICH ARE OWNED ONLY
IN PART BY THE FOREIGN INVESTOR; THAT IS, A PERCENTAGE INTEREST LESS THAN
100 PERCENT.

2/ ACREAGE EQUIVALENT EQUALS THE TOTAL ACREAGE REPORTED MULTIPLIED BY
THE PERCENTAGE HELD BY THE FOREIGN OWNER.

TABLE 15--FOREIGN-OWNED U.S. FOREST AND
OTHER NONAGRICULTURAL LANDHOLDINGS

BY SIZE OF HOLDING, DECEMBER 31, 1992
SIZE OWNERS PARCELS ACRES
(ACRES) (NUMBER) (NUMBER) (NUMBER )
LESS THAN 20 147 120 1,334
20-59 192 203 386
60-39 82 93 6,280
100-299 165 214 28,284
300-899 144 225 80,857
1000 OR MORE 176 1,414 6,469,561
TOTAL 873 2,266 6,592,699

TABLE 16--INTENDED USE OF U.S. AGRICULTURAL LANDHOLDINGS OF FOREIGN OWNERS,
DECEMBER 31, 1992
(NUMBER )
ITEM NO CHANGE OTHER OTHER NON- NOT TOTAL
AGRICULTURE | AGRICULTURE | REPORTED

INDIVIDUAL:

PARCELS REPORTED 3,272 169 94 56 3,591

ACRES 837,725 59,437 6,637 7,422 911,221
ORGANIZATION:

PARCELS REPORTED 7,632 424 1,043 153 9,249

ACRES 12,814,184 250,778 352,578 190,238 13,607,778
TOTAL:

PARCELS REPORTED 10,904 $90 1,137 209 12,840

ACRES 13,651,909 310,215 359,215 197,660 14,518,999

25



was based.on the national average change in farmland value over
time. The adjusted current values are not presented as absolute
values. for the foreign-owned land in this report but should be"
viewed as approximations of change in value.

The data in table 6 are not intended in any manner to indicate
trends over time in the level of acquisitions by foreign persons.

TABLE. G--VALUE OF FOREIGN-OWNED U.S: AGRICULTURAL LANDHOLDINGS
BY DATE OF ACQUISITION, DECEMBER 31, 1992 “

ACRES ACRES
WITH PURCHASE WITH NON- ’
DATE PARCELS ACRES PURCHASE | PRICE 1/ NON- PURCHASE
ACQUIRED (NUMBER) (NUMBER) + “PRICE (4,000 PURCHASE PRICE 4/
REPORTED © | DOLLARS) PRICE (4,000
(nuMBER) | REPORTED | DOLLARS)
(NUMBER)
2 1992 : 284 176,400 143,286 179,317 33,414 123-824
1991 522 366.119 267,400 342,375 98,719
1990 724 1,123,277 702,323 504,318 420,954 211,426
1989 622° 1,294,247 . 1,176,944 819,483 117,303 99,791
1988 601 1,160,329 775,772 694,720, 384,557 148,078
1987 493 512,172 400,785 322.456 111,387 70,949
1986 591. 1,860,736 1,636,616 348,729 224,120 173,548
1985 “381 370, 182 245,997 315,456 124,185 55,174
1984 486, . 954,783" 878,821 ‘506.897 751962 163.733
1983 564 336,474 310,477 403,290 25,997 20,932
1982 730 597.612 379,223 497,627 218,389 77,662
1981 4,070 938,691 640,633 727.482 298,058 88,784
1980 4,024 669.877 641,990 821,486 27,887 43,672
1979 1, 102 ° 910,178 865,592 ~ 1,079,980 44,586 26,914
1978 918. 514,195 505,693 478,046 8,502 7.220
1977 510 373.143 361,343 311,149 11,800 6.066
1976 384 °° 417.241 340.607 186.659 76.634 9,986
1975 237 199,830 196.477 99.007 3,353 1,722
1974-70 730 458.154 408,577 257,632 49.577 12,945
1969-60 817 626,735 538,030 63.957 88,705 7,067
BEFORE 1960 284 638.255 540,546 37,888 97,709 5,296
NO REPORT 6 20,369 20,369 4,601 ° °
TOTAL 12,840 14,518,989 11,977,501 9,002,555 2,541,498 1,977, 19
ACRES REPORTED ADUUSTED
WITH CURRENT CURRENT
CURRENT VALUE 2/ VALUE 3/
VALUE (1,000 (4,000
REPORTED DOLLARS) BOLLARS)
(NUMBER)
1992 176,400 203,964 203,964
1991 366,119 466,608 466,608
1990 4,423,277 724.555 739,016
1989 1,294,247 946,916 994,262
1988 1,160,329 848.823 933,705
1987 512,172 399,175 459,051
1986 ten 1,860,796 681,786 763,600
1985 370,144 378,206 381,988
1984 954,578 671,313 597,469
1983 , 335,849 426,386 353,900
1982 595,685 626,505 507,469
1981 930,822 838,306 645,496
1980 577.650 721,190 584,164
1979 830, 163 939,303 845,373
1978 440,620 489,350 440,415
1977 259,968 488,495 439,645
1976 365,065 219,774 197,797
1975 138,008 116,749 105,074
1974-70 314,144 347,962 313,166
1969-60 414,126 189,516 170,564
BEFORE 1960 606,327 103,254 92,929
NO REPORT 20,209 15,590 14,031
TOTAL 13,646,635 10,843,726 10,249,716

4/ PURCHASE PRICE. AND .NONPURCHASE PRICE (ESTIMATED VALUE) AT TIME OF ACQUISITION.

2/ REPORTED CURRENT VALUE REFLECTS VALUE AT TIME OF REPORTING AFTER FEBRUARY 1,
1978,

3/ REPORTED CURRENT VALUE ADJUSTED TO JANUARY 1, 1992. REPORTED CURRENT VALUE FOR
HOLDINGS ACQUIRED IN’ 1992 IS UNADJUSTED.

11


TABLE 9--FOREIGN OWNERSHIP OF U.S. AGRICULTURAL LANDHOLDINGS BY U.S. REGION,
DECEMBER 31, 1992--CONTINUED
(NUMBER)
SOUTH WEST NORTHEAST MIDWEST
COUNTRY
parcets | acres: | parcets | acres, | PARCELS | ACRES | PARCELS | ACRES

VIETNAM ' 12 ° ° ° ° ° °
YUGOSLAVIA 1 863 ° ° ° ° 1 160
ZIMBABWE 1 230 ° ° ° ° ° °
MULTIPLE 36 8.668 5 1,159 6 2,780 6 3,254
THIRD TIER 16 23,077 1 43,980 ° ° 4 2.147

SUBTOTAL 41/ 3,428 2,441,247 1,714 2,302,331 1,436 1,479,168 1,105 464, 156
US/ANDORRA ° ° 1 3.744 ° ° ° °
US/ARGENTINA 2 580 ° ° ° ° 4 3,675
US/AUSTRALIA 3 676 4 37 ° ° 2 574
US/AUSTRIA 10 5.947 7 ~~ 13,988 ° ° ° °
US/BAHAMAS 14 25,483 18 -36.856 4 4,137 5 4,207
US/BARBADOS ° ° 1 at ° ° ° °
US/BELGIUM 51 30,926 9 35,555 5 204 at 10,153
US/BERMUDA 52 28,661 5 7.983 7 1,654 3 430
US/BRAZIL 7 agit ° ° ° ° 45 7,936
US/BRITISH VIRGIN

ISLANDS 10 3.010 2 480 6 12,508 ° °
US/CANADA 492 371,354 183 129,998 104 945,257 112 243,438
US/CAYMAN ISLANDS 17 91970 2 1,981 1 250 1 70
US/CHILE ° 3 9.929 ° ° ° °
US/CHINA 8B | 15.267 1 322 ° ° ° °
US/COLOMBIA 8 91994 ° ° 1 160 ° °
US/COSTA RICA 1 407 ° ° ° ° ° °
US/DENMARK 5 1,235 5 5,636 ° ° 1 127
US/ECUADOR 3 1.632 ° ° ° ° ° °
US/EGYPT 8 11744 3 249 ° ° ° °
US/EL SALVADOR 6 607 ° ° ° ° ° °
US/F INLAND 7 2,309 ° ° ° ° 1 60
US/FRANCE 389 373.710 56 32,555 60 651,054 7O 38,070
US/GERMANY 257 156,662 56 350.588 45. 14,974 a4 155,643
US/GREECE 1 147 2 4,957 a 145 ° °
US/GUATEMALA 3 412 ° ° ° ° ° °
US/GUYANA 2 334 ° ° ° ° ° °
US/HONDURAS 1 37 ° ° ° ° ° °
US/HONG KONG 5 8,055 20 123,324 ° ° ° °
US/ INDONESIA 4 544 ° ° ° ° ° °
US/TRAN 3 955 3 906 ° ° ° °
US/TRAG ° ° 1 800 ° ° ° °
US/TRELAND 15 4,655 ° ° ° ° ° °
US/TTALY 15 19,326 1 160 5 984 2 391
US/UAPAN 63 22.482 119 176,005 11 68,247 93 13,592
US/JORDAN ° ° 1 150 ° ° ° °
US/KENVA 1 32 ° ° ° ° ° °
US/KOREA (SOUTH) 1 10 1 15 ° ° ° °
US/KUWAIT 5 4,196 a 6.066 1 772 3 296
US/LEBANON 4 550 ° ° 2 153 ° °
US/LIBERTA 9 5.120 4 18,023 5 3,580 ° °
US/LIBYAN ARAB REPUBLIC ° ° 3 280 ° ° ° °
US/LIECHTENSTEIN 35 87,435 4621, 198 4 760 18 7.716
US/LUXEMBOURG 12 10.970 15 222,241 1 94 4 350
US/MALAYSIA ° ° 1 300 ° ° ° °
US/MEXICO 36-39, 925 31 314,955 ° ° ° °
US/NETHERLANDS, 132 621375 135 219.036 17 3.533 261 36,545
US/NETHERLANDS ANTILLES 94 181,754 27 27,469 a 41287 25 8,891
US/NEW HEBRIDES 1 21108 1 883 ° ° ° °
US/NEW ZEALAND 2 332 14 46.678 ° ° ° °
US/NICARAGUA 2 282 ° ° ° ° ° °
US/NORWAY 7 8.161 ° ° 3 1,548 ° °
US/PANAMA 46 34,807 43 102,640 12 4.868 10 3,271
US/PERU 2 1,253 ° ° ° ° ° °
US/PHILIPPINES, 7 6.939 2 223 4 631 ° °
US/PORTUGAL, 2 tena ° ° ° ° ° °
US/QATAR 1 219 ° ° ° ° ° °
US/SAUDI ARABIA 22 © 10,190 ° ° ° ° 2 353
US/SOUTH AFRICA 3 2.573 ° ° ° ° ° °
US/SPAIN 3 296 10 2.680 2 1.548 1 50
US/SWEDEN 5 5.119 ° ° 1 107 4 874
US/SW1TZERLAND 183° 184,417 116 70.600 26° 43,147 58 28,302
US/TATWAN 7 31185 53 10,203 ° ° 5 31644
US/THATLAND ° ° 3 252 ° ° ° °
US/IRINIDAD & TOBAGO 1 20 ° ° ° ° ° °
US/TURKEY 2 a3 ° ° ° ° ° °
US/UNITED ARAB EMIRATES 13 2.627 ° ° ° ° ° °
US/UNITED KINGDOM 485 256,984 119 639,746 85 48,382 228 © 231,058
US/URUGUAY 1 878 ° ° ° ° 1 40
US/VENEZUELA a7 37,746 1 1,500 2 326 ° °
US/MULTIPLE 31 10,245 12 6.011 4 17,609 19 142,791
US/THIRD TIER 133 382,636 7 2.791 ° ° 1 320

SUBTOTAL 2/ 2.798 2,414,212 1,135 2,650,091 420 1,824,929 1,104 942,865
TOTAL ALL

LANDHOLDINGS, 4.855.459 2,849 4,952,422 1,556 3,304,097 2.209 1,407,021

s/
2/

TOTAL INTERESTS EXCLUDING U.S.
TOTAL INTERESTS OF U.S.

17

CORPORATIONS WITH FOREIGN SHAREHOLDERS.
CORPORATIONS WITH FOREIGN SHAREHOLDERS.



TABLE 7--VALUE OF FOREIGN-OWNED U.S.

AGRICULTURAL LANDHOLDINGS

BY STATE, DECEMBER 31, 1992

ACRES REPORTED ADJUSTED

REPORTED WITH CURRENT CURRENT

STATE AND ACRES VALUE 1/ CURRENT VALUE 2/ VALUE 3/

U.S. TERRITORY (NUMBER ) (4,000 VALUE (4,000 (1,000

DOLLARS) REPORTED DOLLARS) DOLLARS)

(NUMBER)

ALABAMA 417,940 221,301 410,489 253,838 271,072
ARIZONA 330,068 285,260 257,084 292,661 288,746
ARKANSAS 190,400 180,798 185,974 181,592 137,775
CALIFORNIA 918,724 1,906,072 857.677 1,912,601 2,024,153
COLORADO 585,161 346,692 561,192 344,913 323,784
CONNECTICUT 881 4,479 772 3,260 5,493
DELAWARE 5,870 17,449 5.610 16,495 22,129
FLORIDA 571,548 1,120,758 548,736 1,258,394 1,569,594
GEORGIA 579,513 527.878 548,462 554,322 524,192
HAWAII 179,321 631,979 179,087 630,284 661,054
IDAHO 22,357 9,136 21,548 9,912 11,451
ILLINOIS 185,828 272,126 182,094 271,206 236,046
INDIANA 81,403 98,978 72,860 94,019 2,826
IOWA 32,127 49,758 30,476 53,555 34,551
KANSAS 78,465 38,836 75,777 39,756 32,616
KENTUCKY 95,597 239.816 90, 120 239,673 241,400
LOUISIANA 698,743 186,340 681,492 233,940 177,938
MAINE 2,545,212 246,072 2,475,355 236,143 307,735
MARYLAND 51,828 142,806 48,405 151,402 156,483
MASSACHUSETTS 1,884 1,072 1,699 644 1,005
MICHIGAN 204,617 75,376 202,866 66,927 59,864
MINNESOTA 244,477 20,138 76,200 16,608 16,068
MISSISSIPPI 514,396 184,555 508,947 275,629 270,484
MISSOURI 86,637 82,685 81,720 89,031 73,550
MONTANA 574,432 83,014 542,072 84,382 64,592
NEBRASKA 77,219 13,599 74,939 24,479 17,899
NEVADA 162,607 15,246 162,607 14,774 14,916
NEW HAMPSHIRE 220,064 31,448 219,043 30,791 32,226
NEW JERSEY 19,189 84,022 17,219 69,926 167.271
NEW MEXICO 836,748 86.412 801,880 99,493 121,358
NEW YORK 270,736 69,483 266,257 79,959 108,238
NORTH CAROLINA 230,355 246,387 219,032 303,761 293,324
NORTH DAKOTA 29,474 5,630 27,214 8,309 7,257
OHIO 176,491 162,894 156,859 156,963 130,934
OKLAHOMA 53,495 19,498 53,495 19,563
OREGON 733,236 178,309 698,926 192,226
PENNSYLVANIA 70,821 81,279 70,350 112,568
PUERTO RICO 839 696 839 804
SOUTH CAROLINA 193,114 181,944 184,663 198,017
SOUTH DAKOTA 42,506 15,037 37,487 11,612
TENNESSEE 173,782 87.769 168,626 84,240
TEXAS 1,086,754 1,373,084 977,443 1,325,246 1,180,326
UTAH 46,973 49,158 6, 162 113,466 108, 180
VERMONT 117,612 83,088 115,240 88,093 119,036
VIRGINIA 117,428 290,429 95,246 281,645 323,150
WASHINGTON 387,447 189,235 355,876 208,463 212,676
WEST VIRGINIA 105,337 70,680 104,935 70,354 76,019
WISCONSIN 24,295 32,248 21,481 30,713 26,872
WYOMING 175,348 38,790 124,108 33,254 27,570
TOTAL 10,379,746 13,646,635 10,843,726 1,183,879

14,518,999

1/ REPORTED VALUE IS PURCHASE PRICE OR NONPURCHASE PRICE (ESTIMATED VALUE) AT TIME OF

ACQUISITION.

2/ REPORTED CURRENT VALUE REFLECTS VALUE AT TIME OF REPORTING AFTER FEBRUARY 1, 1979.
1992. REPORTED CURRENT VALUE FOR

3/ REPORTED CURRENT VALUE ADJUSTED TO JANUARY 1,

HOLDINGS ACQUIRED IN 1992 IS UNADJUSTED.

13


Tenure

Tenants and foreign owners operate 39 percent and 30 percent of
the parcels of foreign-held U.S. agricultural land, respectively,
whereas managers operate only 10 percent of the parcels (table
17). No responses to the tenure question were received for the
remaining 21 percent of the parcels. However, tenants operate

24 percent of the acres, while foreign owners directly operate 45
percent and managers 7/percent. No responses on tenure were
received for the remaining 24 percent of the acres.

Rental agreements were| reported for 4,281 parcels, or 33 percent,
covering 19 percent of/the acres. Of the rental agreements,. cash
agreements accounted for 69 percent and cropshare agreements for

29 percent of the parcels.

Tenure Change

No tenure changes were|reported for 48 percent of the parcels, or
48 percent of the acres (table 17). Reports for 31 percent of
the parcels containing] 24 percent of the acres indicate a new
tenure arrangement on at least part of the land. The acreage
affected by the new tenure arrangements is not reported. Thus,
the acreage may be overstated; that is, all of the acres in these
parcels are not necessarily affected by new tenure arrangements.
Nevertheless, reports for 0.5 percent of the parcels, accounting
for 0.4 percent of the| acres, indicated that some of the tenure
arrangements would remain the same and some would change. No
responses on tenure changes were received for 21 percent of the
parcels containing 28 percent of the acres.

TABLE 17--TENURE OF FOREIGN-OWNED
U.§. AGRICULTURAL LANDHOLDINGS,

DECEMBER 31, 1992
(NUMBER )
TEWURE PARCELS ACRES
|
CURRENT:
FOREIGN | OWNER 3,822 6,186,919
MANAGER 1,267 1,034,818
TENANT 5,023 3,450,328
NO REPORT 2,717 3,536,967
COMBINATION WW 9,967
TOTAL 12,840 14,518,999
RENTAL:
cROP 1,247 569,852
CASH 2,962 2,139,200
BOTH 72 85,577
NO REPORT 4,733 5,236,300
NOT APPLICABLE 3,826 6,488,070
TOTAL 12,840 14,518,999
INTENDED CHANGE:
NONE 6,114 7,008,584
NEW 4,024 3,454,105
BOTH 61 51,094
NO REPORT 2.644 4,005,216
TOTAL: 12,840 14,518,999

26



company owns various percentage interests. in 869,291 acres,
another company owns 256, 228 acres, and the other two companies, ©
accounting for 1,154, 188 acres, are U.S. corporations in which
there are substantial foreign interests.

Hawaii, New Hampshire, |and Arizona have the.next largest
proportions of reported foreign-owned agricultural land to all
privately owned agricultural land in their States. Texas has the
second largest amount of foreign-owned. acreage, 1,086,754 acres;
but that amounts to only 0.7 percent of the privately owned
agricultural land in Texas.

Characteristics of Foreign Owners

Type of Foreign Owner.| Corporations are the most common type of
owner. They account for 42 percent of the owners, followed by
individuals, 39 percent, and partnerships, 15 percent (table 2).
The remaining 4 percent of the owners are estates, trusts,
institutions, associations, and others such as real estate in-
vestment trusts, church groups, and foreign organizations not
identifiable with the above categories.

Corporations own 56 percent of the parcels and 72 percent of the
acreage; individuals, 28 percent of the parcels and 6 percent of
the acreage; partnerships, 13 percent of the parcels and 20
percent of the acreage} and all others, 3 percent of the parcels
and 2 percent of the acreage. When ‘partial interests are taken
into account, foreign-owned acreage drops from 14.5 million acres
to 13.0 million, but distribution among the types of owners
remains relatively the| same.

Corporate-held parcels| average 1,465 acres, or 3,375 acres per
holder, while individual-held parcels average 254 acres, or 317
acres per holder. Partnership holdings average 1,694 acres per
parcel, or 2,622 acres) per holder, and all other holdings average
593 acres per parcel, or 897 acres per holder.

TABLE 2--U.S. AGRICULTURAL’ LANDHOLDINGS BY TYPE OF FOREIGN OWNER,

DECEMBER 31, 1992
(NUMBER )
PARCELS WITH ACREAGE
OWNER OWNERS PARCELS ACRES PARTIAL
INTERESTS 1/ | EQUIVALENT 2/
INDIVIDUAL 2,876 3,591 911,224 252 826,907
CORPORATION 3,110 7,162 10,495,506 339 9,237,523
PARTNERSHIP 1,100 1,703 2,884,500 208 2,775,819
ESTATE 8 14 984 1 967
TRUST 224 340 206,727 4 206,395
INSTITUTION 3 3 1,075 1 1,015
ASSOCIATION 2 3 9,402 2 7,610
OTHER 17 27 9,587 ° 9,587
TOTAL 7.340 12,840 14,518,999 807 13,065,823

4/ PARCELS WITH PARTIAL INTERESTS ARE THOSE PARCELS WHICH ARE’ OWNED
ONLY IN PART BY THE FOREIGN INVESTOR; THAT IS, A PERCENTAGE INTEREST LESS
THAN 100 PERCENT.

2/ ACREAGE EQUIVALENT EQUALS THE TOTAL ACREAGE REPORTED MULTIPLIED BY
THE PERCENTAGE HELD. BY| THE FOREIGN OWNER.

8





There are also notable holdings in Michigan, Minnesota, New

Hampshire, and New York, accounting for another 12 percent of the
acres.

Foreign persons from Canada own 40 percent of the foreign-owned
U.S. forest or forest and other nonagricultural lands (table 13).
Foreign persons from the United Kingdom and U.S./France
corporations own an additional 32 and 12 percent, respectively.

Individuals own 21 percent of the parcels but less than 2 percent
of the acres (table 14). Corporations reported holding 65
percent of the parcels, representing 72 percent of the acreage.
The remaining 14 percent of the parcels and 26 percent of the
acres are held by partnerships, trusts, estates, and others.
When partial interests are taken into account, the acreage

equivalent is 1,157,709 acres less than the acres for which
reports were filed.

Owners of parcels with less than 300 acres, 64 percent of all the
owners, own 28 percent of the parcels covering only 0.6 percent
of the forest or forest and other nonagricultural land (table
15). The remaining 36 percent of the owners, owning parcels with
300 acres or more, own 72 percent of the parcels covering 99.4
percent of these lands.

Intended Use

Concern has been expressed about farmland being purchased and
taken out of agricultural production. Foreign persons do not
appear to be proceeding in this direction to any substantial
degree. However, the following data on intended use and tenure,
like much of the use and value data, are based on information at
the time of filing; they do not reflect subsequent changes.

TABLE 12--U.S. FOREST AND OTHER NONAGRICULTURAL
LANDHOLDINGS OF FOREIGN OWNERS BY STATE,

DECEMBER 31, 1992
(NUMBER )
TATE STATE

AND U.S. PARCELS ACRES AND U.S. PARCELS ACRES

TERRITORY TERRITORY
ALABAMA 360 366,384 |MISSOURI 13 3,043
ARIZONA 1 13| MONTANA 10 1,033
ARKANSAS 16 2,256|NEW HAMPSHIRE 30 217,082
CALIFORNIA 12 232,476|NEW JERSEY 2 262
COLORADO 7 3,203]NEW MEXICO 1 8,490
CONNECTICUT 3 116|NEW YORK 144 218,702
FLORIDA 52 43,431|NORTH CAROLINA 70 48,294
GEORGIA 446 349,249] OHIO 20 2,124
HAWAIT 2 289] OKLAHOMA 3 678
IDAHO 2 156 | OREGON 52 549,697
ILLINOIS 10 5, 424| PENNSYLVANIA 22 47,129
INDIANA 2 147| SOUTH CAROLINA 86 119,586
KANSAS 2 34| TENNESSEE 37 130,482
KENTUCKY 14 29,790] TEXAS 29 12,231
LOUISIANA 32 506 , 839] VERMONT 183 87,825
MAINE 165 2,515, 160] VIRGINIA 86 17,372
MARYLAND 4 364 | WASHINGTON 132 295,725
MASSACHUSETTS 4 1,444|WEST VIRGINIA 45 99,566
MICHIGAN 30 181,688]WISCONSIN 4 1,672

OTA 55 190, 189
MISSISSIPPI 7" 303,057] TOTAL 2,266 6,592,699

23



TABLE 11--USE OF U.S. AGRICULTURAL LANDHOLDINGS BY COUNTRY OF FOREIGN OWNER,
DECEMBER 31, 1992
(ACRES)
COUNTRY CROPLAND PASTURE FOREST OTHER [OTHER NON- TOTAL
AGRICULTURE | AGRICULTURE

ARGENTINA aaa 8,218 708 184 tet 49,304
AUSTRALIA 1,058 636 545 2,867 325 5.434
AUSTRIA 34,758 2,425 17,548 651 120 85.522
BAHAMAS 41,007 131603 7.634 2,354 281 34,879
BAHRAIN 308 ° ° ° 4 aia
BARBADOS ° ° s7 ° 60 417
BELGIUM 7.842 53,478 2,184 1,627 996 65,827
BELIZE 5 235 232 35 2 549
BERMUDA 6,469 16,920 47,302 1,519 1,487 73,667
BOLIVIA 4c ° ° 1 ° 14
BRAZIL S17 4,267 35 agt 12 5,262
BRITISH VIRGIN TSLANDS 6.035 58,708 424 2.536 178 67.881
CANADA 169.82) 169/904 1,289. 188 39.189 23.045 1,691.157
CAYMAN ISLANDS, 12,242 51377 21923 1.975 467 22,984
CHILE a7 436 438 240 ° 11582
CHINA 182 70 27 168 a9 496
COLOMBIA 1,138 9,900 37 316 18 11,409
COSTA RICA 61589 4,150 100 167 2.443 131419
cuBA 5 ° 3 12 ° 20
CZECHOSLOVAKIA 257 153 30 30 15 485
DENMARK 6.042 402 2,042 118 488 9,092
DOMINICAN REPUBLIC 2.007 ° ° 1 120 2.128
ECUADOR 207 92 ° 674 6 976
EGYPT 401 922 384 379 a8 2,134
EL SALVADOR 29 ° 50 ag 128
FRANCE 27.648 23,459 9.654 23,093 3,423 87,277
GAMBIA Jo 204 ° ° ° 294
GERMANY 340,484 142,691 214,217 28,430 16.538 742,360
GREECE 11361 58,765 174 10 106 60.416
GUATEMALA aig 212 363 35 79 11102
GUYANA lo ° ° 38 8 38
HONDURAS 867 32 5 60 54 1.018
HONG KONG 3,650 2,701 4,254 4,056 102 14.763
HUNGARY £ ° ° 103 7 110
INDIA 349 70 810 404 27 1,687
INDONESIA 167 295 6 283 1 752
TRAN 1,063 552 521 99 108 2.343
TRELAND 41487 6.583 20 24 2,412 10,526
ISRAEL 245, 349 217 129 4 951
ITALY 29,944 24,039 6.494 8.512 13,538 82,527
IVORY COAST lo ° 80 39 119
UAMAICA ° 231 800 27 513 1,631
UAPAN 23,749 148,081 2,800 15,858 8.851 199,339
JORDAN 321 855 273 129 2 11580
KAMPUCHEA 27 ° ° ° 4 31
KOREA (SOUTH) 145 78 363 1,006 8 1,570
KUWAIT 769 18,984 323 67 13 20/156
Laos lo 16 10 8 ° at
LEBANON 4,642 3,880 1,882 1,747 963 13,114
LIBERIA 694 23.502 4,298 320 870 29,684
LIECHTENSTEIN 67,558 35/935 161968 7,202 4,950 132,613
LUXEMBOURG alate 712 538 195 313 31976
MALAYSIA 4.735 6.211 ° ° 2 71948
MEXICO 21,908 141,709 2,902 3.271 5.797 175.587
MOROCCO 433 83 7 482 30 1,035
NAMIBIA 185 ° 8 ° 4 197
NETHERLANDS 43 ,0B6 33,070 10,959 19,065 7.710 113,890
NETHERLANDS ANTILLES 155.097 80,849 53,809 591211 10,539 359,505
NEW ZEALAND 160 201 7 95 463
NICARAGUA Le 970 248 60 100 1,378
NORWAY 4,207 707 isa 225 100 5,393
OMAN 120 126 126 43 39 45a
PAKISTAN 2.185 ° ° ° 33 2,168
PANAMA 2ai7Bt 89.644 19,444 15.477 15,889 © 165.182
PERU 187 13 16 87 55 308
PHILIPPINES, 1,a|10 822 285 987 259 3.663
POLAND 2 25 50 ° ° 147
PORTUGAL 497 592 200 ° 17 1,306
RUSSIA 1ho 96 204 55 269 761
ST VINCENT 295 +230 4,042 10 60 2.637
SAUDI ARABIA 8.519 7,948 2,222 9,200 3,047 30,336
SINGAPORE ° 468 ° 34 26 528
SOMALIA ° ° 4 ° ° "1
SOUTH AFRICA 462 1.581 50 216 ° 2,309
SPAIN 629 11302 1,105 360 320 3,716
SWEDEN 3,030 1,978 6,103 19,934 789 31,894
SWITZERLAND 112, 1/10 104,506 18,766 13,060 41,359 289,801
SYRIA 41aa7 808 133 229 72 21689
TAIWAN 4,000 1,394 1,062 345 1,072 7.873
TANZANIA 51000 35 ° 170 41938 10.143
THATLAND. 569 140 948 150 ° 1,807
TRINIDAD & TOBAGO laa 30 35 ° 5 9a
TURKEY ° 38 ° ° ° 38
TURKS ISLANDS 2,990 391 167 172 72 3, 192
UNITED ARAB EMIRATES 89: 550 860 +925 ° 31930
UNITED KINGDOM 73.274 143,622 1,567,356 181208 5.547 1,808,004
URUGUAY 1,820 7.916 4890 set 10,807
VENEZUELA 10,468 4,295 3.498 2,639 1,880 22,430

CONTINUED --

20



Table

34. Dispositions of U.S. agricultural land by foreign
owners, by citizenship of purchasers, January 1-
December 31, 1992 . . 2. 2 ee © 2 ee ee ee ee

35. Dispositions of U.S. agricultural land by type of
foreign owner, January 1-December 31, 1992 .... .

36. Dispositions of foreign-owned U.S. agricultural land
size of disposition, January 1-December 31, 1992 . .

37. Dispositions of U.S. agricultural land by country of
foreign owner, January 1-December 31, 1992 .....

38. Dispositions of U.S. agricultural land by country of
foreign owner, by U.S. region, January 1-
December 31, 1992 . «© 2 2 6 2 ee we ew ew ee ew ew

39. Dispositions of U.S. agricultural land by country of
foreign owner, by use, January 1-December 31, 1992 .

40. Acquisitions and dispositions of foreign-
owned U.S. agricultural land, by date,
January 1981-December 1992 . . 2. 2. 2 ee ee ew ew we


Table

18.

19.

20.

21.

22.

23.

24.

25.

26.

27.

28.

29.

30.

31.

32.

33.

U.S. agricultural land acquisitions of foreign owners

by State, January 1-December 31, 1992 ~.-. . 2... 2. 6

U.S. agricultural land acquisitions by type of foreign
owner, January 1-December 31, 1992... .- + +++

Foreign owners of U.S. agricultural land acquisitions

by State, January, 1-December 31, 1992 . ~~. 2. « 6 2%”

Foreign-owned U.S. agricultural land acquisitions by
size of acquisition, January 1-December 31, 1992... .-

Value of U.S. agricultural land acquisitions by type of

foreign owner, January 1-December.31, 1992... .- « »

U.S. agricultural land acquisitions by country of
foreign.owner, January 1-December 31, 1992... ...

Foreign ownership of U.S. agricultural land acquisi-
tions by. U.S. region, January 1-December 31, 1992 .

Foreign-owned U.S. agricultural land acquisitions by
type of interest | method of acquisition, and owner-
representative, January 1-December 31, 1992. .... .-

Use of U.S. agricultural land acquisitions by country

of foreign owner, January 1-December 31, 1992 . sot

U.S. forest and other nonagricultural land acqui-
sitions of foreign owners by State, January 1-
December 31, 1992... «© 6 «© ee ew we ee ew ew ew ee ee

U.S. forest and other nonagricultural land acqui-
sitions by country of foreign owner, January 1-
December 31, 1992 . . «© © © © © © © © © ee we ew we

U.S. forest and other nonagricultural land acqui-
sitions by type of foreign owner, January 1-
December 31, 1992  s 2. 2. 6 6 ee 2 we ee eee ee

Foreign acquisitions of U.S. forest and other
nonagricultural land by size of acquisition,
January 1- -December 31, 1992 2. 2. ww ww ee ee eee

Intended use of U.S. agricultural land acquisitions of
foreign owners, January 1-December 31, 1992 ......

Tenure of foreign-owned U.S. agricultural land
acquisitions, January 1-December 31, 1992 ......

Dispositions of J.S. agricultural land by type of
foreign owners, by State, January 1-December 31, 1992

iv

27

28

29

29

30

31

32

33

34

35

35

36

36

37

37

38



Size of Holding. Holdings are concentrated with smaller acreage
held by individuals and larger acreage held by corporations
(tables 2 and 3). Owners of parcels of less than 300'acres (61
percent of all of the foreign owners) hold only 3 percent of the
land and owners of parcels with 300 acres or more (the remaining
39 percent) hold 97 percent of the land (table 4). Part of this
concentration may be explained by the definition of agricultural
land, which includes extensive uses of land such as ranching and
forestry and intensive uses of land such as orchards and. vege-
table farms. The different unit sizes due to differences in use
may also explain part of the acreage differences in foreign-held
land among the States.

TABLE 3--FOREIGN OWNERS OF U.S. AGRICULTURAL LANDHOLDINGS
BY STATE, DECEMBER 31, 1992

(NUMBER)
STATE INDIVIDUAL ORGANIZATION
AND U.S.
TERRITORY
PARCELS ACRES PARCELS ACRES

ALABAMA 25 652 421 417,288
ARIZONA 27 11,785 149 318,283
ARKANSAS 76 47,260 131 143,140
CALIFORNIA 215 66,297 996 852,427
COLORADO 139 107,603 219 477,558
CONNECTICUT 3 108 13 173
DELAWARE 4 926 9 4,944
FLORIDA . 405 28,293 840 543,255
GEORGIA 162 58,725 795 520,788
HAWAIT 19 1,586 67 177,735
IDAHO 1 6.611 33 15,746
ILLINOIS 46 10,280 381 175,548
INDIANA 35 5,074 159 76,329
IOWA 67 15,414 68 16,713
KANSAS 29 8,573 85 69,892
KENTUCKY 40 7,156 190 88,441
LOUISIANA 16 8,506 126 690,237
MAINE 26 16,693 160 2,528,519
MARYLAND 52 9,814 136 42,014
MASSACHUSETTS 2 252 5 1,632
MICHIGAN 48 7,318 75 197,299
MINNESOTA 20 6,723 413, 207,454
MISSISSIPPI 4 943 261 513,453
MISSOURI 37 13,134 120 73,503
MONTANA 67 44,141 103 530,291
NEBRASKA 10 2,863 33 74,356
NEVADA 4 53 17 162,554
NEW HAMPSHIRE 9 1,539 31 218,525
NEW JERSEY 9 1,206 49 17,983
NEW MEXICO 23 3,925 84 832,823
NEW YORK 252 50,654 165 220,082
NORTH CAROLINA 33 +246 249 224,109
NORTH DAKOTA 40 11,974 23 17,500
OHIO 57 12,700 419 163,791
OKLAHOMA 5 3,11 48 50,384
OREGON 39 9,468 109 723,768
PENNSYLVANIA 27 1,929 8B 68,892
PUERTO RICO 4 579 6 260
SOUTH CAROLINA 45 10,957 172 182,157
SOUTH DAKOTA 39 11,454 31 31,052
TENNESSEE 78 18,716 82 155,066
TEXAS 630 176,716 1,079 910,038
UTAH 2 g14 15 46,059
VERMONT 346 27,451 170 90,161
VIRGINIA 114 19,732 285 97,696
WASHINGTON 166 17,655 302 369,792
WEST VIRGINIA 14 1,931 50 103,406
WISCONSIN 64 10,159 50 14,136
WYOMING 9 25,422 37 149,926

TOTAL 3,591 911,221 9,249 13,607,778



responses regarding tenure change were received for the remaining
28 percent of the acres.

Foreign ownership of U.S. agricultural land has remained rela-
tively steady from 1981 through 1992--slightly above or below 1
percent of the privately owned agricultural land in the United
States.

Data gathering and analysis cost the U.S. Department of Agri-
culture approximately $420,000 for 1992.

vii


TABLE 8--U.S. AGRICULTURAL LANDHOLDINGS BY COUNTRY OF

DECEMBER 31,

1992--CONTINUED

FOREIGN .OWNER,

(NUMBER )
COUNTRY OWNERS PARCELS ACRES

VIETNAM 1 1 182
YUGOSLAVIA 2 2 4,023
ZIMBABWE 4 4 230
MULTIPLE 52 73 55,861
THIRD TIER 19 at 69,204

SUBTOTAL 1/ 5,397 7,383 6,686,902
US/ANDORRA 1 1 3,744
US/ARGENTINA 3 6 4,255
US/AUSTRALIA 5 6 11287
US/AUSTRIA 12 17 191935
US/BAHAMAS 14 a4 701683
US/BARBADOS 1 1 At
US/BELGIUM 29 106 76,838
US/BERMUDA 16 67 38.728
US/BRAZIL 6 52 12,847
US/BRITISH VIRGIN

ISLANDS 10 18 15,998
US/CANADA 232 B91 1,690,048
US/CAYMAN ISLANDS 13 24 12,271
US/CHILE 1 3 9,929
US/CHINA 4 Py 15,589
US/COLOMRIA 7 10 10,154
US/GOSTA RICA 4 1 407
US/DENMARK 9 4 6,998
US/ECUADOR 3 3 1,632
US/EGYPT 5 41 1,963
‘US/EL SALVADOR a 6 607
US/F INLAND a a 2,369
US/FRANCE 110 575 1,095,389
US/GERMANY 208 4a2 677,867
US/GREECE 3 4 51249
US/GUATEMALA 2 3 412
US/GUYANA 1 2 334
US/HONDURAS 1 1 37
US/HONG KONG 19 25 131,379
US/ INDONESIA 3 a 54a
US/TRAN 5 6 1,861
US/TRAQ 1 4 800
US/IRELAND 5 15 4,655
US/ITALY 18 23 201861
US/JAPAN 191 286 277,326
US/JORDAN 1 1 150
US/KENYA 1 1 32
US/KOREA (SOUTH) 2 2 85
US/KUWAIT 7 13 8,390
US/LEGANON s 6 703
US/LIBERIA 14 18 26,733
US/LIBYAN’ ARAB_REPUBLIC 2 3 28
US/LIECHTENSTEIN 55 103, 87,109
US/LUXEMBOURG 23 32 233,655
US/MALAYSIA 1 4 300
US/MEXICO 48 67 954,880
US/NETHERLANDS 100 545 321,489
US/NETHERLANDS ANTILLES 105 150 219,401
US/NEW HEBRIDES 2 2 2,991
US/NEW ZEALAND 2 3 47,010
US/NICARAGUA 1 2 282
US/NORWAY 6 10 9,709
US/PANAMA 63 144 145/586
US/PERU 2 2 1.253
US/PHILIPPINES 10 10 7,793
US/PORTUGAL, 2 2 1,683
US/OATAR 1 1 219
US/SAUDI ARABIA 8 2a 10,543
US/SOUTH AFRICA 2 3 2,573
US/SPAIN 4 16 4.574
US/SWEDEN a to 6.100
US/SWITZERLAND 190 a3 3261466
US/TATWAN a7 65 17029
US/THATLAND: 1 3 252
US/TRINIDAD & TOBAGO 1 1 20
US/TURKEY 1 2 a3
US/UNITED ARAB EMIRATES 2 13 2,627
US/UNITED KINGDOM 190 917 1,176,170
US/URUGUAY 2 2 618
US/VENEZUELA 30 50 39,572
US/MULTIPLE 35 66 176656
US/THIRD TIER 13 144 385,747

SUBTOTAL 2/ 1,943 5,457 7,832,097
TOTAL ALL

LANDHOLDINGS. 7,340 12,840 14,518,999

4/ TOTAL INTERESTS EXCLUDING U.S.

CORPORATIONS WITH FOREIGN SHAREHOLDERS.

2/ TOTAL INTERESTS OF U.S. CORPORATIONS WITH FOREIGN SHAREHOLDERS.

15



@

ara Foreign.Ownership of U.S.
[ Lane Through

Economic
Research
Service

Statistical
Bulletin
Number 853



percent of the acres, i

ndicated a tenure change.

Because the

number of acres affected by new tenure arrangements was not

reported, the acreage may be overstated;

that is,

all of these

acres are not necessarily affected by new tenure arrangements.
change were made for 17 percent. of the
13 percent. .of the acres. .

No responses on tenure
parcels accounting for

Dispositions, Land-Use
Data in this section ax

investors who disposed
covering 475,884 acres

acres, land-use change

Changes, and Changes in Status

e derived from reports filed by foreign

of 418 parcels of U.S. agricultural land
between January 1 and December 31, 1992.
In addition to these dispositions, there were reports of land-use
changes out of agriculture affecting 15 parcels covering 6,442

ito agriculture for 1 parcel; with 11 acres,
and reports of change in status from foreign to nonforeign
affecting 19 parcels covering 6,387 acres.

For the same reasons noted at the outset of the "Acquisitions"

discussion, the reported data for dispositions,

and changes in status should be regarded as preliminary.
that were not timely filled and/or completed or statutorily were
not required to be filea by the closing date for this report are

not included.

Characteristics of Foreign Owners Disposing of Land

Type of Foreign Owner.

(table 33).

TABLE 33--DISPOSITIONS OF
By §

land-use changes,

Reports

The largest amount of acres disposed was
in Maine, accounting for 64 percent of the dispositions acreage

TATE,

us.
AN

AGRICULTURAL LAND BY TYPE OF FOREIGN OWNERS,
IUARY 1 > DECEMBER 31, 1992
(NUMBER)

Int
STATE

broom

ORGANIZATION

TOTAL

AND U.S.
TERRITORY PARCELS

REPORTED

ACRES

PARCELS:
REPORTED

ACRES PARCELS

REPORTED

ACRES

ALABAMA
ARIZONA
ARKANSAS
CALIFORNIA
cotoravo

FLORIDA
GEORGIA
MAWATT
ILLINOTS.
INDIANA

1owA

KANSAS
KENTUCKY
LOUTSTANA,
MAINE
MARYLAND
MICHIGAN
MINNESOTA
MISSISSIPPI
MISSOURT
MONTANA
NEBRASKA
NEVADA

NEW HAMPSHIRE
NEW MEXICO.
NEW YORK
NORTH CAROLINA
oHTO

OKLAHOMA
OREGON
PENNSYLVANIA
SOUTH CAROLINA
SOUTH DAKOTA
TEXAS

VERMONT
VIRGINIA
WASHINGTON
WISCONSIN

2
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38

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2.

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eo Gwe



country of creation and principal place of business; type of
interest; legal description; acreage; purchase price or any other
consideration given; intended use; where applicable, information
about the representative of the foreign person; how the interest
in the land was transferred; the relationship of the foreign
owner to the operator; |type of rental agreement, if any; and the
date the interest in the land was transferred. In the case of a
disposition, the party|disposing of the interest is also required
to give the legal name|and address of the purchaser; citizenship,
if the purchaser is anjindividual; and if the purchaser is not an
individual or government, the nature of the entity, country of
creation, and principal place of business. Any change in the
legal name or address of the foreign person must also be reported
within 90 days’of such|changes. Failure to comply with AFIDA
subjects the foreign owner to a possible civil penalty of up to
25 percent of the fair|market value of the interest held in the
land in question.

In accordance with section 7 of the act, completed report forms
are made available for| public inspection in Washington, DC,
within 10 days of receipt by the Secretary. Section 6 of the act
requires that every 6 months the Secretary transmit to each State
completed report forms|for foreign-owned agricultural land in
that State.

Definitions

For this report, the term "holdings" applies to all U.S. agricul-
tural land owned by foreign persons as of December 31, 1992. For
transactions that occurred in 1992, the terms "acquisitions" and
"dispositions" refer to U.S. agricultural lands acquired or
disposed of by foreign) persons. These terms are used as the
titles for the subsequent sections analyzing the data reported
under the act.

"Agricultural land" is| defined in the act as all land used for
agricultural, forestry| or timber production. The regulations
further define agricultural land as all land used for farming,
ranching, forestry, or) timber and include currently idle land if
its last use within the past 5 years was for farming, ranching,
forestry, or timber production. The regulations also exempt all
agricultural land not more than 10 acres in the aggregate if the
annual gross receipts from the sale of farm, ranch, forestry, or
timber products from such land do not exceed $1,000.

AFIDA requires reporting "any interest" in the land other than a
security interest (a mortgage or other debt-securing instrument) .
The regulations exempt) leaseholds of less than 10 years’ dur-
ation, contingent future interests, noncontingent future in-
terests that do not become possessory upon termination of the
present estate, nonagrficul tural easements and rights-of-way, and
interests solely in mineral rights.

A "foreign person," as| defined in the act, includes any indi-
vidual who 1) is not aj U.S. citizen or national, 2) is not a
citizen of the Northern Mariana Islands or the Trust Territory of



Foreign Ownership of U.S. Agricultural
Land Through December 31, 1992

J. Peter DeBraal*

A Report to the President and the Congress
Under the Agricultural Foreign Investment Disclosure Act of 1978

Introduction

Foreign individuals and entities reported owning 14.5 million
acres of U.S. agricultural land as of December 31, 1992. This is
slightly more than 1 percent of all privately owned U.S. agricul-
tural land and approximately 0.65 percent of all land in the
United States.

Summary of the Act and Regulations

The Agricultural Foreign Investment Disclosure Act of 1978
(AFIDA) 1/, as implemented by the regulations 2/, required

all foreign persons holding agricultural land as of February 1,
1979, to file a report of such holdings with the Secretary of
Agriculture by August 1, 1979. All foreign persons who acquire
or dispose of agricultural land on or after February 2, 1979, are
required to report such transactions within 90 days of the
transfer. In addition, any foreign person who holds land that
subsequently becomes or ceases to be agricultural land or any
person who holds agricultural land who subsequently becomes or
ceases to be a foreign person must also file a report within 90
days of such change.

AFIDA specifies in detail the information to be supplied by the
foreign person and provides that necessary additional information
may be obtained by the Secretary. The information required to be
reported consists of the legal name and address of the foreign
person; citizenship, if an individual; if not an individual or a
government, nature of the legal entity, including the entity’s

*General Attorney, Resources and Technology Division, Economic
Research Service. Gertrude Butler and Joyce Su provided the data
processing assistance.

1/ Pub. L. No. 95-460, 7 U.S.C. §§ 3501-3508 (1988).

2/ 7 C.F.R. §§ 781.1-.6 (1992). See 7 C.F.R. §§ 2.21(b) (29), .27
(a) (12), .65(a) (30), and .84(a)(7) (1992) for the delegation of
authority.


TABLE 26--USE OF U.S. AGRICUL)

TURAL LAND ACQUISITIONS BY COUNTRY OF FOREIGN OWNER,

JANUARY 1 - DECEMBER 31, 1992
(ACRES)
COUNTRY CROPLAND PASTURE FOREST OTHER OTHER NON- TOTAL
AGRICULTURE | AGRICULTURE

AUSTRALIA ° ° 20 1,981 ° 2,001
BAHAMAS 38 671 164 172 ° 1,045
BELGIUM 17 ° ° ° ° 77
BRITISH VIRGIN ISLANDS 244 4,002 133 ° 32 4,408
CANADA 61 220 6,138 219 5. 6,643
CHILE 12 2 5 ° ° 19
FRANCE 15 ° 34 ° ° 43
GERMANY 1,327 1,375 6.727 506 141 10,046
GUATEMALA 80 ° ° ° ° 80
HONDURAS 52 15 5 ° 54 126
ITALY ° 220 ° 15 ° 235
JAPAN 200 8,432 120 102 200 10,054
LIECHTENSTEIN 1,300 58 233 ° ° 1,591
MEXICO 30 120 ° ° 15 165
NETHERLANDS 246 180 30 10 ° 466
NETHERLANDS ANTILLES 20 ° ° ° ° 20
SAUDI ARABIA ° 125 81 ° ° 206
SWEDEN ° ° 120 40. ° 160
SWITZERLAND ° 239 ° 392 1 632
TAIWAN ~ 2 4 44 ° ° 50
THAILAND 456 ° ° 149 ° 605
UNITED KINGDOM 22 99 13,607 3,208 ° 16,936
VENEZUELA 2,293 ° ° 50 27 2,370
MULTIPLE 250 106 110 512 ° 978

SUBTOTAL 1/ 6,722 15,868 27,571 8,356 445 58,962
US/AUSTRIA 169 ° ° 37 3 209
US/BELGIUM 100 18 987 ° ° 1,105
US/BRAZIL 4 56 ° ° 5 65
US/CANADA 637 3,326 18,183 45 340 22,534
US/FRANCE 8,435 1,488 3,317 135 498 13,873
US/GERMANY 4,379 3,640 2,680 82 209 10,990
US/IRELAND ° 33 8 6 ° 47
US/JAPAN 2,527 242 25 210 11 2,985
US/LIECHTENSTEIN 6,279 ° ° 20 3,164 19,463
US/MEXICO 70 31,949 ° x) 25 32,044
US/NETHERLANDS 4,232 1,934 ° 168 669 4,003
US/PANAMA 156 ° ° ° ° 156
US/SWEDEN ° 20 10 ° ° 30
US/SWITZERLAND 243 145 10 176 23 597
US/UNITED ARAB EMIRATES ° 441 24 ° 25 490
US/UNITED KINGDOM 1,325 3,015 1,182 1,493 57 7,072
US/VENEZUELA ° 483 1,020 ° ° 1,503
US/MULTIPLE ° 231 ° ° 2 233
US/THIRD TIER ° ° 42 ° ° 42

SUBTOTAL 2/ 35.556 46,991 27,488 2,372 5,031 117,438
TOTAL ALL

LAND ACQUISITIONS 42,278 62,859 55,059 10,728 5,476 176,400

|
4/° TOTAL INTERESTS EXCLUDING U.S. CORPORATIONS WITH FOREIGN SHAREHOLDERS.
2/ TOTAL INTERESTS OF U.S. CORPORATIONS WITH FOREIGN SHAREHOLDERS.

34



accounts for 3 percent of the reported foreign-held acres.
Nonagricultural land includes acreage such as the homestead and
roads commonly reported| as part of the agricultural landholding
or land that is idle now but its last use within the past 5 years
was for agriculture. These land-use figures should be used with
caution because they reflect only information received at the
time of filing and do not account for any changes in land use,
which may have occurred} subsequent to filing.

Foreign persons from Canada and the United Kingdom own 4,883,034
acres, or 69 percent, of the reported forest landholdings.
Foreign persons from France hold an additional 13 percent of the
forest land. Unidentifiable third-tier foreign persons own 4
percent of the forest land. The large Canadian and U.K.. holdings
are attributable to seven companies--two Canadian companies with
1,196,039 acres, three U.S. /Canada corporations with 1,122,517
acres, and one U.S./U.K. corporation and one U.S./U.K.
partnership with 1,721,975 acres.

Foreign persons from Germany own the most cropland, 469,405
acres, or 19 percent, followed by Switzerland and the United
Kingdom, the Netherlands Antilles, and Canada with an additional
35 percent of the acreage. Unidentifiable third-tier parties own
6 percent of the cropland.

Foreign persons from Germany, the United Kingdom, Mexico, and
Canada own 49 percent, or 1,901,860 acres, of pastureland.
Foreign persons from Japan, the Netherlands, the Netherlands
Antilles, Panama, Luxembourg, and Switzerland own an additional
31 percent, or 1,193,204 acres.

The largest group of owners of other agricultural land are for-
eign persons from the Netherlands Antilles, France, and Canada
with 34 percent of the jacres. They are followed by foreign
persons from Luxembourg, Japan, Germany, the United Kingdom,
Switzerland, and the Netherlands, who own 255,008 foreign acres,
or 38 percent.

Based on reports by foreign ‘owners who reported owning only
forest or forest and other nonagricultural land, these reports
account for 45 percent jof all the foreign-owned U.S. agricultural
land (tables 1 and 12).) The remaining 55 percent is primarily
farmland, although it includes some forest and/or other
nonagricultural land commonly reported as part of the farmland
holding (table 11).

The average parcel size for parcels with forest or forest and
other nonagricultural land is 2,909 acres (table 12). Except for
Maine (with 38 percent jof the acreage, the uniqueness of which
has been noted previously) , the forest or forest and other
nonagriculture acres are concentrated in the South and West.

Alabama, Georgia, Louis
Tennessee account for 2
Washington account for

iana, Mississippi, South Carolina, and
7 percent. California, Oregon, and

another 16 percent of the acres reported.

22



Transfers by foreign investors to U.S. purchasers accounted for
43 percent of the parcels and 80 percent of the acres (table 34).
Reports for 9 percent of the parcels and 2 percent of the acres
indicated that they were transferred to other known foreign
persons. Reports for 43 percent of the parcels covering 14
percent of the acres indicated dispositions to persons of unknown
citizenship.

Corporations were the most active type of foreign owner disposing
of land--accounting for 59 percent of the owners, 72 percent of
the parcels, and 85 percent of the acres (table 35). In com-
parison, individuals accounted for 23 percent of the owners, 16
percent of the parcels, and 11 percent of the acres.

Size of Disposition. The most acreage disposed of was for
parcels with 1,000 or more acres, accounting for 97 percent of

TABLE 94--DISPOSITIONS OF U.S. AGRICULTURAL LAND BY FOREIGN OWNERS,

BY CITIZENSHIP OF PURCHASERS, JANUARY 1 - DECEMBER 31, 1992
(NUMBER )
PURCHASER PARCELS ACRES
REPORTED
usA 181 981,424
FOREIGN 37 9,078
UNKNOWN: 180 67,798
NO REPORT 20 17,587
TOTAL 418 475,884

TABLE 35--DISPOSITIONS OF U.S.

AGRICULTURAL LAND BY TYPE OF FOREIGN

OWNER, JANUARY 1 - DECEMBER 31, 1992
(NUMBER)
PARCELS WITH
OWNER OWNERS PARCELS ACRES PARTIAL ACREAGE
REPORTING| REPORTED INTEREST EQUIVALENT 2/
REPORTED 1/
INDIVIDUAL 28 65 53,895 2 53,684
CORPORATION 72 302 403,714 29 132,989
PARTNERSHIP 14 43 17,626 2 16,700
TRUST 7 8 652 ° 652
TOTAL 124 418 475,884 33 204,025

4/ PARCELS WITH PARTIAL INTERESTS ARE THOSE PARCELS WHICH ARE OWNED
ONLY IN PART BY THE FOREIGN INVESTOR; THAT IS, A PERCENTAGE INTEREST
LESS THAN 100 PERCENT.

2/ ACREAGE EQUIVALENT EQUALS THE TOTAL ACREAGE REPORTED MULTIPLIED
BY THE PERCENTAGE HELD BY THE FOREIGN OWNER.

39


TABLE 11--USE OF U.S.

AGRICULTURAL LANDHOLDINGS BY COUNTRY OF FOREIGN OWNER,

DECEMBER 31, 1992--CONTINUED
(acres)
COUNTRY CROPLAND PASTURE FOREST OTHER — |OTHER NON- TOTAL
AGRICULTURE | AGRICULTURE

VIETNAM ° ° 152 ° ° 152
YUGOSLAVIA 928 ° 10 ° 85 1,023
ZIMBABWE 134 30 67 ° 2 230
MULTIPLE 8.104 9.616 8.189 28,161 1,797 55.861
THIRD TIER 1080 10,720 AA. 755 11320 329 69,204

SUBTOTAL 1/ 1,280,163 1,495,988 3,382,499 342,466 185,846 6,686,902
US/ANDORRA 200 3.541 ° ° ° 3.741
US/ARGENTINA B16 3.194 40 ° 208 4.255
US/AUSTRALIA 230 354 345 254 104 1,287
US/AUSTRIA 4,283 12,525 2,967 64 96 19,935
US/BAHAMAS 151622 40,366 4.291 10,260 14 70.683
US/BARBADOS a4 ° ° ° ° 4
US/BELGIUM 18,446 37.899 17,222 1,658 1,613 76.838
US/BERMUDA 1.648 4,420 161437 Ti7t4 11,509 38.728
US/BRAZIL 8.777 3.197 ° 739 134 12,847
US/BRITISH VIRGIN

TSLANDS 670 782 14, 162 204 180 15,998
US/CANADA 46,795 148,295 1,431,939 29,455 33,564 1,690,048
US/CAYMAN TSLANDS 7,809 397 21852 917 596 412,274
US/CHILE ° 9,929 ° ° ° 9,929
US/CHINA 316 1,908 1,527 1,198 10,640 15.589
US/COLOMBIA 302 9,801 50 ° 1 10.154
US/COSTA RICA ° 239 168 ° ° 407
US/DENMARK 419 235 6,307 31 6 6.998
Us/ECUADOR 69 1,549 ° °
US/EGYPT 620 585 575 149
US/EL_ SALVADOR 52 555 ° °
US/FINLAND 60 ° 2.237 °
US/FRANCE 81,363 59,639 887.780 45,497
US/GERMANY 128,921 463,984 48,566 16,961
US/GREECE 110 4.987 147 °
US/GUATEMALA ° 392 ° 20
US/GUYANA ° ° ° 334
US/HONDURAS 37 ° ° °
US/HONG KONG 121, 102 8.585 826 119
US/TNDONESTA 351 153 ° 14
US/IRAN 483 747 5 559
US/IRAQ 800 ° ° °
US/TRELAND 1,828 705 1,794 325
US/ITALY 13.414 3.574 1,838 702
US/JAPAN 12,002 111,294 83,017 30,058
US/JORDAN 75 ° ° 75
US/KENYA ° ° 92 °
US/KOREA (SOUTH) 10 63 ° °
US/KUWAIT 86 6,379 772 60a
US/LEBANON 200 140 133 209
US/LIBERIA 1,871 18,749 4.830 1,082
US/LIBYAN ARAB REPUBLIC ° ° ° 277
US/LIECHTENSTEIN 62,469 6.427 7.997 3. 105
US/LUXEMBOURG 121703 164,384 2.738 46.066
US/MALAYSIA ° ° ° 300
uUs/MEXICO 5.945 332,380 1,095 13,055 2.405 354,880
US/NETHERLANDS, 58.477 203.947 14.506 32.507 121052 321,489
US/NETHERLANDS ANTILLES 64.555 114.670 15,309 8.348 16.519 219,401
US/NEW HEBRIDES 1,300 4,533 ° ° 158 2.991
US/NEW ZEALAND 21605 aaliaa ° 240 21 47,010
US/NICARAGUA ° 242 40 ° ° 282
US/NORWAY 765 30 163 8.039 712 9,709
US/PANAMA 44.585 88.608 5.602 5.415 1,376 145,586
US/PERU 300 ° 25 878 50 1,253
US/PHILIPPINES, 5.372 59 1,274 32 1,056 7.793
US/PORTUGAL 1.429 151 ° ° 103 1,683
US/OATAR ° ° 219 ° ° 219
US/SAUDI ARABIA 640 6.695 2.153 113 942 10,543
US/SOUTH AFRICA 1,295 300 178 656 144 2.573
US/SPAIN 2.869 707 403 557 38 4.574
US/SWEDEN 3,213 1,851 655 ° 381 6,100
US/SWITZERLAND 114,333 53.439 119,536 29,559 12,599 326,466
US/TAIWAN 5.302 31242 21714 5,559 215 17.029
US/THATLAND 175 ° ° 17 ° 252
US/TRINIDAD & TOBAGO 20 ° ° ° ° 20
US/TURKEY 350 93 ° ° ° 443
US/UNITED ARAB EMIRATES 430 2,072 26 ° 99 2,627
US/UNITED KINGDOM 150,532 359,275 594,551 24,196 47,316 1,176,170
US/URUGUAY ° 550 25 40 3 618
US/VENEZUELA 34,065 1,774 2,392 383 958 39,572
US/MULTIPLE 81931 31762 161,725 1,398 840 «176,656
US/THIRD TIER 136.478 1,220 236.547 51784 5.718 © 385.747

SUBTOTAL 2/ 1,216,366 2,347,684 3.700.460 336,086 231,501 7,832,097
TOTAL ALL

LANDHOLDINGS, 2,496,529 3,843,672 7,082,899 678,552 417,347 14,518,999

4/ TOTAL INTERESTS EXCLUDING U.S. CORPORATIONS WITH FOREIGN SHAREHOLDERS.

2/

21

TOTAL INTERESTS OF U.S. CORPORATIONS WITH FOREIGN SHAREHOLDERS.



summary

Foreign persons reported that they owned 14.5 million acres, or
slightly more than 1 percent of the 1.3 billion acres of private-
ly owned U.S. agricultural land (farm and forest land) as of
December 31, 1992. This is a 2-percent decrease (237,661 acres)
from the 1991 data. These and other findings are based on an
analysis of reports submitted to the U.S. Department of
Agriculture under the lAagricultural Foreign Investment, Disclosure
Act of 1978..

Information received at the time of reporting shows that forest
land accounts for 49 percent of all foreign-owned acreage,
cropland for 17 percent, pasture and other agricultural land for
31 percent, and nonagricultural land for 3 percent.

Corporations own 72 percent of the acreage; partnerships, 20
percent; and individuals, 6 percent. The remaining 2 percent is
held by estates, trusts, institutions, associations, and others.
U.S. corporations in nich foreign persons have a significant
interest or substantial control reported owning 54 percent of the
foreign-held acreage. | The remaining 46 percent was reported as

held by foreign persons not affiliated with a U.S. corporation.

Foreign persons from Canada, the United Kingdom, Germany, France,
Switzerland, the Netherlands Antilles, and Mexico account for 74
percent of the foreign-held acreage. Foreign persons from Japan
own only 3 percent of |the foreign-owned acres.

A number of parcels are owned only in part by foreign investors;
that is, the foreign interest in some parcels is less than 100
percent, with the remaining percentage being owned, for example,
by a U.S. partnership| When the 14.5 million acres are adjusted
for these partial interests, the total foreign-owned acreage
drops to an equivalent of 13.0 million acres.

The largest number of|acres owned by foreign persons was reported
in Maine. Foreign holdings in Maine account for 14 percent of
Maine’s privately owned agricultural land and 18 percent of all
the reported foreign-owned agricultural land nationwide. Four
companies own 90 percent of the foreign-held acres in Maine, all
in forest land. Two companies are Canadian, the third is a U.S.
corporation that is partially Canadian owned, and the fourth is a

U.S. corporation that|is partially French owned.

Except for Maine, foreign holdings are concentrated in the West
(34 percent) and south (33 percent). Rhode Island and Alaska are
the only States with no reported foreign-owned agricultural land.

Foreign persons do not appear to be taking purchased agricultural
land out of production. No change in intended use at the time of
filing was reported for 94 percent of the acres.

No change in tenure was reported for 48 percent of the acres,
while some change was/reported for 24 percent of the acres. No

vi



(See table 40 for trend:
listed is the total amo
during that year and wh
31, 1992.
are changes in status f
agricultural to nonagri
decreased by these land

Table 7 adjusts reporte
reasons given in the di
current value in table
annual change in farmla:
will differ from that o
values in table 6 would
Therefore, the total adi
a better measure of val
adjusted current value
from the reported curre

Country of Origin. of
agricultural land repor

by U.S. corporations wi)
percent is held by fore
corporation (table 8).

Foreign persons from Ca

foreign-held acres of U
23 percent. Foreign pe
Germany, and France own

Because land

s data.) Acreage owned in the years

unt of land that was reported purchased
ich remained foreign owned as of December
is disposed of by foreign owners or there
rom foreign to nonforeign or from
cultural, acreage amounts in each year are
dispositions or status changes.

a current value by State for the same
scussion of table 6. Because the reported
’ is adjusted by each State’s average

nd value, the total adjusted current value
£ table 6. Simply explained, not all land
have changed at the national average.
jjusted current value in table 7 should be
ue than that of table 6. The total

by State indicates a 3-percent increase

nt value.

the 14,518,999 acres of foreign-held

ted by foreign persons, 54 percent is held
jth foreign interests. The remaining 46
ign persons not connected with a U.S.

mada own the largest amount of reported
-S. agricultural land, 3,381,205 acres, or
rsons from the United Kingdom (U.K.),
2,984,174 acres (21 percent), 1,420,227

acres (10 percent), and 1,182,666 acres (8 percent), respec-

tively, an additional 3
Switzerland, the Nether,
additional 12 percent o
origin own a total of 1
reported foreign-owned

| percent. Foreign persons from

lands Antilles, and Mexico own an

f£ the acres. These seven countries of
0,693,912 acres, or 74 percent of all
holdings of U.S. agricultural land.

Approximately 3 percent of the acreage, 454,851 acres, is owned
by unidentifiable third-tier persons; that is, the acreage is not
attributable to any foreign country of origin because no foreign
country of origin is lilstea through the third tier of ownership.

Foreign persons from the United Kingdom, Germany, and Canada own

2,037,177 acres or 42 percent of the foreign-held acres in the
South (table 9). Eight percent of the acreage, 405,713 acres, is
owned by unidentifiable third-tier foreign persons. An
additional 26 percent, |1,247,434 acres, is owned by foreign
persons from France, the Netherlands Antilles, Switzerland, and

Mexico.

In the West, foreign persons from the United Kingdom own more
acres than any other single group--29 percent. Much of the U.K.
figure is attributable |to a U.K. partnership that owns 39 parcels
covering 708,125 acres jand three U.S./U.K. corporations that own
22 parcels covering 513,444 acres. Foreign persons from Germany,
Canada, and Mexico reported owning 1,327,526 acres or 27 percent.
An additional 1,347,551 acres, or 27 percent, were reported by

12



The following statements are made in accordance with the Privacy Act of 1974 (5 USC 552a). P.L. 95-460 authorizes collection of the data on this form. The
data will be used to determine the effects of foreign persons acquiring, transferring and holding agricultural land, and the effects of such activity on family farms
and rural communities. Furnishing the data is mandatory. Failure to comply or falsification of reporting is subject to civil penalty, not to exceed 25 percent of the
fair market value of the interest held in the tract on the date of the assessment of such penalty. The data may be fumished to any Agency responsible for
INOTE »> ‘enforcing the provision of the Act and to the public. Public reporting burden for this collection of information is estimated to average 30 minutes per response,
Including the time for reviewing instructions, searching existing data sources, gathering and maintaining the data needed, and completing and reviewing the
collection of information. Send comments regarding this burden estimate or any other aspect of this collection of information, including suggestions for reducing
this burden, to Department of Agriculture, Clearance Officer, OIRM, Room 404-W, Washington, D.C. 20250; and to the Office of Management and Budget,
Paperwork Reduction Project (OMB No. 0560-0097), Washington, D.C. 20503. RETURN COMPLETED FORMS TO YOUR ASCS COUNTY OFFICE.

DETERMINATION OF “FOREIGN PERSON" STATUS

DEFINITION: “Person” means any Individual, corporation, company, association, firm, partnership, sociey, joint stock company, trust, estate, or any other

legal entity.
‘You are a “foreign person” under the provisions of P.L. 95-460 and must complete the front side of this form (ASCS-153) if your answer is "NO" to all the
statements numbered 1, 2, and 3 below. Yes | NO

1, 1 AMa citizen of the United States.

2. AM a citizen of the Northern Mariana Islands or the Trust Territories of the Pacific Islands.

3. 1AM lawtully admitted to the United States for permanent residence, or paroled into the United States, under the Immigration and
Nationality Act.

You are a “foreign person” under the provisions of P.L. 95-460 and must complete the front side of this form (ASCS-153) if your answer is "YES" to any of the

Statements numbered 4a, 4b, and 5 below. yes [No

4, 1AM a "person" other than an individual or government, which is created or organized under the laws of:
a._A foreign government of which has its principal place of business located outside the United States.

b. Any State of the United States, and in which significant interest or substantial control 1/is held directly or indirectly by any
foreign individual, government, or person.

5. | AM atforeign government.

GENERAL INSTRUCTIONS.

‘Complete this form in an original and three copies for each tract of land. Insertion of carbons is necessary. Report as tract all acreages under the same owner-
ship in each county or parish acquired or transferred on the same date. Land in different counties or parishes and land acquired or transferred on different
dates must be reported as separate tracts.

Retum the original and two co ies to the County Agricultural Stabilization and Conservation Service (ASCS) Office where fer tract of land is located. Retain
the last copy (Foreign Person Copy) for your records. DO NOT SEND THIS FORM DIRECTLY TO WASHINGTON, D.C.

After the orginal disclosure on ASCS-153 on the tracts) of land owned by the same person within a county or parish, each subsequent change of
‘ownership or use must be reported by filing another ASCS-153.

ITEM INSTRUCTIONS AND REPORTING DATES.

ITEM 1. ONLY ONE BOX MAY BE CHECKED

If the tract of land to be listed under item 2 on the front side of this document was:
-Owned on February 1, 1979, check * \*#_F} | Reporting Date: This document is required to be
completed and returned by August 1, 1979.

If the tract of land to be listed under item 2 on the front side ofthis document was, on or after February 2, 1979:
-Acquired, check * 2 ssoy
-Disposed of, check ©! 7] Reporting Date:
-Changed from non-agricultural to agricultural use, check ® wives ce Ey] If any of these activities are checked
-Changed from agricultural to non-agricultural, use check © tandusscswete [J] in Item 1, retum the completed
rome ASCS-153 within ninety (90) days
ITEMS. —_The date entered would be as follows for the activity checked from the date of the transaction.
in Item 1:
Box A or B - Date acquired.
Box C + Date disposed of.
Box D or E - Date land use changed.

ADDITIONAL INFORMATION (Use additional sheets if more space is needed)

Tr Significant interest or substantial control as defined in 7 CFR 781 2(k).
This program or activity will be conducted on a nondiscriminatory basis without regard to race, color, religion, national origin, age, sex, marital status, or handicap.

49


TABLE 20--FOREIGN OWNERS OF U.S.

AGRICULTURAL LAND ACQUISITIONS BY STATE,

JANUARY 1 - DECEMBER 31, 1992
(NUMBER )
INDIVIDUAL ORGANIZATION
STATE
AND U.S.
TERRITORY PARCELS ACRES PARCELS ACRES
REPORTED REPORTED
ALABAMA ° ° 5 1,627
ARIZONA ° ° 1 3,530
ARKANSAS, 1 206 2 2,399
CALIFORNIA 1 120 13 4,791
COLORADO 1 144 5 1,043
FLORIDA 15 882 43 7,272
GEORGIA 6 1,291 15 3,885
HAWALI 2 73 3 3,496
IDAHO ° ° 2 5B
ILLINOIS ° CC) 15 2.984
INDIANA 3 278 10 576
IOWA ° ° 1 80
KANSAS ° ° 1 20
KENTUCKY 2 84 T 1,756
LOUISIANA ° ° 6 27,017
MAINE ° ° 3 20,403
MICHIGAN 1 116 1 120
MISSISSIPPI ° ° 10 7,326
MISSOURI 3 3.702 ° °
MONTANA 3 6.720 2 5.427
NEBRASKA ° ° 1 320
NEVADA ° ° 1 480
NEW HAMPSHIRE ° ° 1 1
NEW JERSEY ° ° 2 653
NEW MEXICO 3 273 2 34,127
NEW YORK 4 ami 2 340
NORTH CAROLINA 1 20 5 983
OHIO 1 113 2 288
OKLAHOMA 1 1,981 3 499
OREGON ° ° 9 2,928
PENNSYLVANIA 1 17 2 195
SOUTH CAROLINA 1 7 5 893
TENNESSEE 1 33 1 167
TEXAS 10 .895 1" 4,025
UTAH ° ° 1 916
VERMONT 4 534 7 3,030
VIRGINIA 2 35 7 5.544
WASHINGTON ° ° 3 4,370
WEST VIRGINIA ° ° 5 2.908
WISCONSIN 1 225 ° °
WYOMING ° ° 1 706
TOTAL 68 19,217 216 157,183
TABLE 21--FOREIGN-OWNED U.S. AGRICULTURAL LAND ACQUISITIONS
BY SIZE OF ACQUISITION, JANUARY 1 - DECEMBER 31, 1992
SIZE OWNERS PARCELS ACRES VALUE
(ACRES) REPORTING REPORTED (NUMBER ) (1,000
(NUMBER ) (NUMBER ) DOLLARS) 4/
LESS THAN 20 52 54 448 5.438
20-59 28 36 930 9,455
60-99 20 30 1,516 6,655
100-299 45 49 8,002 21,735
300-999 25 44 15,071 53,533
1000 OR MORE 27 74 150,433 106,125
TOTAL 197 284 176,400 202,941

4/ VALUE IS PURCHASE PRICE OR NONPURCHASE PRICE (ESTIMATED VALUE).

29


Purchase Price and Value of Acquisitions. Corporations account
for 86 percent of the purchase price and nonpurchase price
(estimated value) at time of acquisition (table 22). The average
per acre purchase price and nonpurchase price (estimated value)
is lowest for individuals at $646; followed by corporations,
$1,182; partnerships, $1,227; and trusts and associations,
$1,695.

Equity is frequently used to measure net foreign investment
transfer. “To approximate equity, debt was subtracted from
current value for all reports that provided information on debt
and current value. The 284 reports providing information on debt
($18,754,000) and current value ($203,964,000) resulted in an
equity figure of $185,210,000 (table 22). These figures reveal
an equity figure of 91|/percent in relation to current value.

Country of Origin. U.S. corporations with foreign interests
acquired 67 percent of|the acreage. Foreign persons not
affiliated with a U.S.|corporation acquired the remaining 33
percent (table 23). U{S./Mexico corporations, foreign persons
from Canada, the United Kingdom, Liechtenstein, Germany, Japan,
and U.S./France corporations acquired 154,228 acres, 87 percent
of the total.

Eighty percent of the acres acquired during 1992 were in the
South and West (table 24) Foreign persons from Liechtenstein,

the United Kingdom, ana Germany acquired 63 percent of the acres
in the South. U.S./Mexico corporations acquired 46 percent of
the acres in the West and foreign persons from Canada acquired 93
percent of the acres in the Northeast.

TABLE 22--VALUE OF) U.S. AGRICULTURAL LAND ACQUISITIONS BY TYPE

OF FOREIGN [OWNER, JANUARY 1 - DECEMBER 31, 1992
ACRES ACRES.
WITH PURCHASE WITH NON-
OWNERS PURCHASE PRICE NON- PURCHASE
OWNER REPORTING PRICE (4,000 PURCHASE PRICE
(NUMBER) REPORTED DOLLARS) PRICE (4,000
(NUMBER) REPORTED DOLLARS)
(NUMBER )
INDIVIDUAL dt 16,674 10,216 2,543 2,202
CORPORATION 83 107,329 135,042 22,374 18,326
PARTNERSHIP 45 12,095 21,678 8,036 3,020
TRUST 7 3,566 9,992 164 76
ASSOCIATION 1 3,622 2,389 ° °
TOTAL 197 143,286 179,317 33,114 23,624
|
ACRES ACRES
WITH CURRENT WITH EQUITY
CURRENT, VALUE EQUITY (4,000
VALUE (14,000 REPORTED DOLLARS)
REPORTED DOLLARS) (NUMBER )
(NUMBER )
|
INDIVIDUAL id.at7 12,730 19,217 114,331
CORPORATION 129,703 153,556 129,703 139,722
PARTNERSHIP 20,134 25,116 20,131 22,266
TRUST 3.727 10,173 3.727 9,502
ASSOCIATION 3,622 2,389 3,622 2,389

TOTAL 174.400 203,964 176,400 185,210

30



TABLE 40--ACQUISITIONS AND DISPOSITIONS OF FOREIGN-OWNED U.S. AGRICULTURAL LAND, BY DATE
UANUARY 1981 - DECEMBER 1992--CONTINUED
ACQUISITIONS DISPOSITIONS
DATE
PARCELS ACRES VALUE PARCELS ACRES VALUE
REPORTED (wumBer) | (1,006 REPORTED (NUMBER) (1,000
(NUMBER ) DOLLARS) 4/ (NUMBER ) DOLLARS)1/
1986
‘UANUARY at 12,918 34,446 27 6,203
FEBRUARY 26 9.299 6.765 18 2141s
MARCH 40 33,814 51,041 17 10,505
APRIL 55 25,701 135,651 22 4.196
MAY 96 1,601,897 92,292 88 22,107
UUNE 49 93.706 44,712 33 4.129
vULY 34 26.835 32,707 20 23,513
AUGUST 32 16,224 20.552 30 14.473
SEPTEMBER 34 361048 581043 26 10,088
OCTOBER 134 240,258 62.668 33 alaat
NOVEMBER 47 15.643 17,601 32 4,312
DECEMBER 121 50,682 98.121 74 48,922
TOTAL 703-2, 163,022 654.539 420 1,794,421 155,304
1987
‘JANUARY 26 9,508 20.307 23 4,467 7.878
FEBRUARY 30 14,188 39.903 27 6.253 6.787
MARCH 53 134,422 51,364 40 33,059 17,816
APRIL 63 68.330 29,999 72 27,647 30,026
MAY 39 44,505 30.081 32 10.627 20,554
JUNE a7 203,785 49,532 58 226,737 25.226
yULY at 27.981 34,392 35 30,206 14,904
AUGUST aa 26,020 25.202 36 7,826 6.194
SEPTEMBER 36 14,528 31.030 aa 6.594 13.257
OcTORER 65 23.529 56.427 39 5.349 8,730
NOVFMRER a9 110.296 29.886 43 141982 161835
DECEMBER 94 96/882 64893 159 381517 52.594
TOTAL 587 803,974 463,016 608 412,264 250,498
1988
‘UANUARY 67 64,890 71,501 52 26,268 22.604
FEBRUARY 42 28.597 23.544 50 60.255 16.816
MARCH 51 37,347 931603 102 57,912 49,931
APRIL a2 351472 29.367 57 265.981 79.814
MAY aa 55.451 48.841 57 34,946 12,872
YUNE 92 148,931 89.130 68 22.338 414.322
yULY 53 33.912 77,359 58 13.678 251746 °
AuGUST a5 347,919 57.409 65 309.618 73.474
SEPTEMBER 39 16.752 96,370 a9 10,482 9.221
OCTOBER at 223:316 126.956 499 234.137 111.830
NOVEMBER St 59,221 36.553 43 194.149 24,118
DECEMBER 104 266,865 232,986 104 334.777 61,478
TOTAL 708 1,318,673 983,619 1,204 1,564,541 525,923
1989
UANUARY 62 48,622 67.857 46 21,970 43,151
FEBRUARY 32 25.351 90,559 28 6,564 7,300
MARCH 70 134/626 94,435 49 31,670 22.599
APRIL 34 24,914 381585 28 20,835 17,139
MAY 59 29.958 127,648 38 5.gtt 25,612
JUNE 52 66. 106 55.063 46 17,034 7.178
vULY 38 14,873 39.635 20 12,032 411,967
AUGUST 45 82,516 65.302 58 68,555 27,174
SEPTEMBER 79 295.628 131,563 4g 5,185 10,722
OCTOBER 43 42,075 87.456 25 4,900 4,581
NOVEMBER 7 518,809 95,083 23 4.728 51897
DECEMBER 103 422.679 224,079 44 43,585 231570
MULTIPLE 1 36 63 ° °
TOTAL 695 1,705,590 1,087,328 44s 239,966 176.890
1990
‘UANUARY 53 31,931 69,508 36 9,593 6.084
FEBRUARY 42 79.809 44,261 28 11,416 10,196
MARCH 48 142,631 33 85.615 54,542
APRIL a4 57,226 37 9,669 11,426
MAY 42 19,514 45 26,216 50,244
JUNE 50 23,875 34 7,647 18,562
vULY 112 293,619 31 5.468 21,066
AUGUST 33 7.683 34 5,940 9,335
SEPTEMBER 80 616,005 32 41,147 6.631
OCTOBER 53 51,066 60 137,048 54,621
NOVEMBER 39 27.738 37 6,262 14,876
DECEMBER 181 156.635 a6 23,135 27.040
MULTIPLE 2 454 20,728 ° °
TOTAL 776-1, 508, 186 788,907 453 339,156 284,623
CONTINUED ~~

45



foreign persons from Japan, the Netherlands, Luxembourg, -the
Netherlands Antilles, Switzerland, and Panama.

In the Northeast, foreign persons from Canada and France ‘own
2,888,938 acres, or 87|percent of the foreign-held acreage in. the
region. Eighty-eight percent of this figure, 2,539,432 acres, is
attributable to five companies with extensive forest holdings--
one Canadian company with partial interests in 64 parcels cover-
ing 939,811 acres, one|Canadian company with 6 parcels covering
256,228 acres, one U.S!/Canada corporation with 41 parcels cover-
ing 727,207 acres, ana| two U.S./France corporations with 31
parcels covering 616,186 acres.

In the Midwest, foreign persons from Canada, the United Kingdon,
and. Germany reported owning 904,260 acres, 64 percent of the
foreign held acreage in the region. An additional 10 percent of
the acreage is owned by multiple entities (entities that have
foreign owners from a number of countries, none of whom has a

predominant interest).
Interest in Land

Of the 12,840 parcels of foreign-held U.S. agricultural land, 87
percent of the parcels|, accounting for 82 percent of the reported
acreage, is held in fee interest whole (that is, the owner holds
the estate in its entirety). Partial interests are held in
another 6 percent of the parcels covering another 14 percent of
the acres (table 10).

Under the AFIDA regulations, leases of 10 years or longer are the
only leases that need be reported. 4/ Leases are treated
separately. because they represent a totally different type of
interest. Questions’ on value, tenure, and method of acquiring
land do not apply because the report form was not devised to deal
with leases. Leases cover 1,273,313 acres of U.S. agricultural
land. Timber land accounts for 677,830 acres, or 53 percent of
the reported foreign leaseholds.

Method of Acquisition

More foreign investors] reported paying cash for their U.S.
agricultural landholdings than using any other method of ac—
quisition--51 percent of the parcels, covering 35 percent-of the
acreage (table 10). This compares with 26 percent of the
parcels, containing 16| percent of the acreage, that were acquired
by credit only, and 8 percent of the parcels, containing 26
percent of the acreage, that were acquired by other method only.
The other method only category includes mergers, corporations
that became foreign because foreign persons obtained a signi-
ficant interest or substantial control in the corporations, or
an individual exchanging land for stock in a new corporation.
The cash and credit only category covers an additional 9 percent
of the parcels and 13 percent of the acres.

4/7 C.F.R. § 781.2(c) (1992)

18



Appendix:

Report Form ASCS-153

Form Approved - OMB No. 0560-0097
= US. DREARIMENT OF AGRICULTURE 7 re Revers
Ascs.1 153 19S STRENT OF F we ACTIVITY (See Re m0 (Geek ‘one) © Land O
\- La . 7
Holding O Acquisition Disposition
AGRICULTURAL FOREIGN INVESTMENT DISCLOSURE ACT REPORT
D. Land Use Change E. Land Use Changé To
OTE: Ren neo on ei yi low tse sNees Us rewse_|” heehee newsgreanre LJ
7] OFF Mt
rep t Fe mre
2. Tract Location and Description { LOWLY. Type of Interest Held in the Agricultural Land (Check One) (CHECK
‘A. LEGAL DESCRIPTION OR ASCS TRACT NUMBER 5 A. Fee Interest (ownership) Whole
B, Fee Interest (ownership) Partial PeMGewy %
C. Life Estate
D. Trust Beneficiary
B. COUNTY OR PARISH Ko, pracees E. Purchase Contract
F. Other lair
= . (explain)
3._Owner of Tract (in item 2A) (See Reverse) 1
A. NAME | 6. _How was this Tract Acquired or Transferred? CHECK
A. Cash Transaction
B. IDNO. (Nine digits) | [ check iF No. Oo B. Credit or Installment Transaction
NOT KNOWN
C. Trade
G. LEGAL ADDRESS (Street, City, State/Province, Country) D. Gift or Inhertance
E, Foreclosure
F. Other (explain)
Dy Type of Owner (Check one) | ‘CHECK
1, Individual (including husband! wife) i
‘8. Citizenship of Individual | | Value of Agricultural Land
T A. Purchase Price of Land or if a land dispo- I
2. Government (name of country) | yn, the original price paid by seller $
3, Organization B. Non-Purchase, Estimated Value at the T
a. Type Time of Acquisition $
1) Corporation ‘C. What is the estimated current value or if a |
2) Partnership | land aisposton, he sling price ofthe :
3) Estate { —
a) Ter i D. How much of purchase price in Item 7A T $
ree t remains to be paid?
Institution 1 B. Date of Acquisition or por Pp j=
3 Association Transfer (See Reverse)
Other
B. Gov't. or country under whose] | 19. Current Land Use (Usual use of land. For idle land, ‘aches
Jaw the organization is created feport as other Agriculture.) Report in Whole Numbers
. Principal place of business (for | | ‘A. Crop
organizations only) B. Pasture
d. List on separate sheet, the Name, Address and Country ofall =
foreign persons who individually or in the aggregate hold significant C. Forest or Timber
interest or substantial control 1/ in the person owning the land. D. Other Agriculture
E. Complete only if item 1G - Land Disposition- Is checked E. Non-Agriculture
1. NAME OF PERSON RECEIVING TRACT
F. Total (Should equal 2c)
‘2 ADDRESS (Street. City, State/Province, Country) 10. intended Use as of This Date (Check One) CHECK
‘A. NoChange
B. Other Agriculture
3 CInZENSHIP C._Non-Agriculture
Pe ee
r 11. Relationship of Foreign Owner to Prod (If applicabl
4. Representative of Foreign Person (completing form, if applicable) atonship of Foreign roducer_(it a He) CHECK
Bo Nave A. Producer is:
4. Foreign owner
BL ADDRESS (Sireet. State, Country) 2, Manager
‘3. Tenant or sharecropper
G.TELEPHONE NO, (Area Code) | B. Rema agreements:
4._A crop share
DBD. ppeand of Representative to Foreign Person CHECK 2. Cash or fixed rent
2. Manager | 12. The Producer on This Tract is: CHECK
3. Agent | ‘A. The same person as when the tract was acquired
4, Other (Explain on Reverse) l B. Anew person

13. CERTIFICATION -/ certify that the information ertered mm this report ts complete and correct. [understand that falsification of reporting ts subject

to a civil penalty not to exceed 25% of the fair market value of the interest held in the tract of land. _

14.

ENAVURE (Owner or leoa

y authorized represenvative}

Joate

ERS COPY

48


Preface

This report is made pursuant to section 5 of the Agricultural
Foreign Investment Disclosure Act of 1978, which, among other
things, requires the Secretary of Agriculture to prepare an

analysis of foreign ownership of U.S. agricultural land. The

act

requires an annual report to the President and the Congress on a

calendar-year basis. | This report covers information received
through December 31, 1992.

Contents
List Of TableS..... eee cece cece cece cece eee e etree ee eeeeeeeeee
SUMMALY oe ee ee alee ce ee eee cee ee wens beeen we cee entrees

Introduction. 6... cee clec sete e eee eee ete ees wales
Summary of the Act! and Regulations
DEFINitiONS. .. cece cee cece ree ere eee vesecene

Analysis of Data Reported Under the Act.....---seeeeeeeeeees
5; (oll Re bee | Oc ci
AcquiSitioNnS......Jeece ee eeee reece ecceeeees
Dispositions, Land-Use Changes, and Changes in Status....

Diet) 9\0 (i i

Program Costs and PenaltieS...... ss cece eee eee eee eee ceeees

Appendix: Report FOrm ASCS-153.....eceeeeee cece rereeceerees

ii

iii

vi

NPR



Tenure

Tenants operate 27 percent of the parcels acquired during the
period and 30 percent of the acres, whereas foreign owners
operate 30 percent of the parcels and 48 percent of the acres
(table 32). Managers operate 19 percent of the parcels and 4-
percent of the acres. No responses on tenure were received for
24 percent of the parcels covering 18 percent of the acres.
Rental agreements applied to only 28 percent of the parcels
covering 32 percent of the acres.

Tenure Change

Reports for 42 percent of the parcels:acquired during the period
indicate no tenure change for 71 percent of the acreage (table
32). Reports for 41 percent of the parcels, containing 16

TABLE 31--INTENDED USE OF U.S. AGRICULTURAL LAND ACQUISITIONS OF FOREIGN OWNERS

UANUARY 1 - DECEMBER 31, 1992
(NUMBER)
ITEM NO CHANGE OTHER |OTHER NON- | NO REPORT TOTAL
AGRICULTURE | AGRICULTURE
INDIVIDUAL :
PARCELS REPORTED 64 3 ° 1 68
ACRES 18,824 272 ° 124 19,217
ORGANIZATION:
PARCELS REPORTED 187 12 12 5 216
ACRES 144,328 6,275 1,509 5,071 157,183
TOTAL:
PARCELS REPORTED 254 15 12 6 284
ACRES 163,152 6,547 1,509 5,192 176,400

TABLE 32--TENURE OF FOREIGN-OWNED U.S. AGRICULTURAL LAND ACQUISITIONS,

UANUARY 1 - DECEMBER 31, 1992
PARCELS. ACRES VALUE
TENURE REPORTED (NUMBER ) (1,Q00
(NUMBER) DOLLARS) 41/
CURRENT:
FOREIGN OWNER 85 84,401 41,725
MANAGER 54 7,194 7,409
TENANT 738 53,835 94,113
NO REPORT 67 30,970 59,694
TOTAL 284 176,400 202,941
RENTAL:
cROP 13 1,545 4,798
CASH 67 55,174 80,518
NO REPORT 118 35,273 75,896
NOT APPLICABLE 86 84,408 41,729
TOTAL 284 176,400 202,941
INTENDED CHANGE:
NONE 120 126,128 98,014
NEW 104 24,482 48,114
BOTH 1 3,049 13,7390
No REPORT 49 22,741 43,023
TOTAL 284 176,400 202,944

4/ VALUE IS PURCHASE PRICE OR NONPURCHASE PRICE (ESTIMATED VALUE).
37


acquisitions are in these two land-use categories (tables 26 and
27). Forty-three percent of these acquisitions were in Maine
(table 27).

Foreign persons from Canada and U.S./U.K. corporations purchased
most of the U.S. forest land or forest and other nonagricultural
lands (table 28), accounting for 78 percent of such acquisitions,
37,211 acres.

TABLE 27--U.S. FOREST AND OTHER NONAGRICULTURAL LAND
ACQUISITIONS OF FOREIGN OWNERS BY STATE,

UANUARY 1 - DECEMBER 31, 1992
STATE PARCELS ACRES VALUE
AND U.S. REPORTED (NUMBER ) (1,000
TERRITORY (NUMBER ) DOLLARS) 1/

ALABAMA 4 1,304 419
GEORGIA 12 2,607 2,327
INDIANA 1 10 52
KANSAS 1 20 17
LOUISIANA 5 1.574 4.341
MAINE 3 20,403 3,020
MISSISSIPPI 6 1,510 1,279
NEW HAMPSHIRE 1 1 3
NEW YORK 1 60 25
NORTH CAROLINA 5 940 1,943
OHIO 1 30 100
OREGON 8 2,902 7,144
SOUTH CAROLINA 3 695 762
VERMONT 7 3,101 948
VIRGINIA 3 165 281
WASHINGTON 2 4,332 4,348
WEST VIRGINIA 4 1,929 574

TOTAL 67 47,583 27,550

4/ VALUE IS PURCHASE PRICE OR NONPURCHASE PRICE (ESTIMATED VALUE).

TABLE 28--U.S. FOREST AND OTHER NONAGRICULTURAL LAND ACQUISITIONS

BY COUNTRY OF FOREIGN OWNER, JANUARY 1 - DECEMBER 31, 1992
OWNERS PARCELS ACRES VALUE
COUNTRY REPORTING | REPORTED (NUMBER ) (1,000
(NUMBER ) (NUMBER ) DOLLARS) 41/

AUSTRALIA 1 1 20 8
CANADA 5 6 5,786 1,239
FRANCE 1 1 34 85
GERMANY 9 "4 6,220 5,727
JAPAN 1 1 120 36
UNITED KINGDOM 3 22 13,553 14,070

SUBTOTAL 2/ 20 42 25,733 21,165
US/BELGIUM 1 4 920 1,935
US/CANADA 3 6 17,872 2,867
US/FRANCE 3 3 1,226 593
US/GERMANY 2 s 580 409
US/IRELAND 1 1 8 67
US/SWITZERLAND 1 1 20 17
US/UNITED KINGDOM 1 2 162 128
US/VENEZUELA 1 1 1,020 331
US/THIRD TIER 1 2 42 38

SUBTOTAL 3/ 14 25 21,850 6,385
TOTAL 34 67 47,583 27,550

4/ VALUE IS PURCHASE PRICE OR NONPURCHASE PRICE (ESTIMATED VALUE).

2/ TOTAL INTERESTS EXCLUDING U.S. CORPORATIONS WITH FOREIGN
SHAREHOLDERS.

3/ TOTAL INTERESTS OF U.S. CORPORATIONS WITH FOREIGN SHAREHOLDERS.

35


errors must also be considered in reviewing this study. Result-
ing data deficiencies are noted where appropriate. The "No
Report" category in the tables means that a response to the
particular question was not made. Note that the acreage figures
reported do not mean that they are wholly owned by foreign
investors. Of the 14.5 million foreign-owned acres, 54 percent
are owned by U.S. corporations in which there is a significant
interest or substantial control by foreign persons (table 8). In
addition, a number of acres are owned only in part by foreign
investors. See, for example, table 2, which gives the acreage
equivalent for foreign owners reporting partial interests in the
real estate. These partial interests reduce the 14.5 million
acres to an equivalent of 13.0 million acres.

Analysis of Data Reported Under the Act
Holdings

Data in this section are derived from the 12,840 reports filed by
foreign persons who held land as of December 31, 1992. These re-
port forms account for 14,518,999 acres of all U.S. agricultural
land. This is a decrease of 237,661 acres from the 14,756,660
acres foreign owners reported owning as of the end of last

year. 3/ This 237,661-acre decrease is less than the 475,884
acres disposed of during 1992, as reported in the "Dispositions"
discussion. The reason for this difference is because of acqui-
sitions during-the year and acquisitions prior to December 31,
1991, the closing date of last year’s report, that were reported
after that date.

Concentration of Foreign Ownership of U.S. Agricultural Land

Foreign persons have reported acreage holdings in 48 States and
Puerto Rico (table 1 and fig. 1). Rhode Island and Alaska are
the only States with no reported foreign-owned agricultural land.
Except for Maine (described below), only a small percentage of
privately held agricultural land in the other 47 States is
foreign owned (table 1 and fig. 2). Deleting the acreage for
Maine from the Northeast data, foreign investment in U.S.
agricultural land is concentrated in the West (34 percent) and
South (33 percent) (table 9).

Maine has the largest amount of foreign-owned U.S. agricultural
land, 2,545,212 acres, or 14 percent of the privately owned
agricultural land in the State and approximately 18 percent of
the reported foreign-owned agricultural land in the United
States. Most of the foreign-owned agricultural land in Maine,
2,279,525 acres, is timber land owned by four companies. One

3/ The 14,808,501 acres reported in last year’s report overstated
the amount of foreign-held U.S. agricultural land because of filing
errors and reductions in the nonagriculture category. The 1991
figure has been adjusted downward to 14,756,660 acres.

5


Program Costs and Penalties

Administration of the AFIDA program for obtaining and analyzing
the data required an estimated 9.7 staff-years at a cost of
approximately $420,000 to USDA for the past year, of which the
Agricultural Stabilization and Conservation Service contributed
approximately 8.3 staff-years at an estimated cost of $366,000.
The remaining costs and staff-years are attributable primarily to
the Economic Research Service, with some contributions by the
Office of the General Counsel and the Office of Public Affairs.

During 1992, USDA assessed 117 penalties for late filings,
totaling $151,857.

47


Figure 1

State Concentration of Foreign Ownership of Agricultural Land, December 31, 1992

Figure 2

Proportion of Foreign-Owned Agricultural Land to All Privately Owned
Agricultural Land in the United States, December 31, 1992

WUsywz LOU S
ELE 5 6
: YG

O -Less than .1%
[A .1 to .9%

1.0 to 1.9%
%  \ GE 2.0% ormore
S



Foreign Ownership of U.S. Agricultural Land Through December 31,
1992, by J. Peter DeBraal, Resources and Technology Division,
Economic Research Service, U. S. Department of Agriculture. Statis-
tical Bulletin No. 853.

Abstract

Foreign persons owned 14.5 million acres of U.S. agricultural
land as of December 31, 1992. This is slightly more than 1
percent of all privately held agricultural land and 0.65 percent
of all land in the United States. These and other findings are
based on an analysis of reports submitted in compliance with the
Agricultural Foreign Investment Disclosure Act of 1978.

Keywords: Agricultural land, foreign landownership, landholdings,
land acquisitions, land dispositions.

Washington, DC 20005-4788 May 1993

BH


Concentration of Forei

gn Acquisitions of U.S. Agricultural Land

Forty-six percent of t
Louisiana, Maine, and
the acquisitions were
24). Much of this con
and U.S./Liechtenstein

Characteristics of For

he acres acquired during 1992 were in

New Mexico (table 18). Eighty percent of
concentrated in the South and West (table
centration is due primarily to U.S./Mexico
corporations.

eign Owners

Type of Foreign Owner.
percent of the parcels
Individuals account fo:
percent; and trusts an
interests of foreign i
176,400 acres drop to

Corporations acquired
1,563 acres per owner,
average 286 acres per

ships reported acquisij

447 acres per owner; a

parcel and 919 acres p

The largest acreage ac
reported for Montana ai
reported acquiring the
and Maine.

Size of Acquisition.

Corporations reported acquiring 46

and 74 percent of the acres (table 19).
ic 11 percent of the acres; partnerships,
nd associations, 4 percent. When partial
nvestors are taken into account, the

an acreage equivalent of 175,915.

11

an average of 998 acres per parcel, or
compared with individuals who acquired an
parcel, or 315 acres per holder. Partner-
jtions averaging 280 acres per parcel, or

nd trusts and others reported 525 acres per
er owner.

‘quired by individuals during the period was

id Missouri (table 20). Organizations
largest acreage in New Mexico, Louisiana,

‘The largest number of owners reported their

acquisitions in the ra
of parcels with 300 ac.
acquired approximately
parcels with less than
acquired the remaining

300 or more acres acco!

The value per acre, however,

holders of less than 3
$964 per acre for hold

inge of 100 to 299 acres (table 21). Owners
res or more (26 percent of the owners)

94 percent of the acres, and owners of

300 acres (74 percent of the owners)

6 percent of the acres. All parcels of
punted for 79 percent of the total value.
is concentrated in the reports of
00 acres--$3,972 per acre, compared with
ings of 300 or more acres.

TABLE 19--U.S. AGRICULTURAL LAND ACQUISITIONS BY TYPE OF FOREIGN OWNER,
JANUARY 1 - DECEMBER 31, 1992
(NUMBER )
PARCELS WITH
OWNER OWNERS | PARCELS ACRES PARTIAL ACREAGE
REPORTING| REPORTED INTERESTS EQUIVALENT 2/
REPORTED 1/
INDIVIDUAL 61 68 19,217 5 8,934
CORPORATION 83 130 129,703 1 129,654
PARTNERSHIP 45 72 20.131 2 19,978
TRUST 7 13 3,727 ° 3,727
ASSOCIATION 1 1 3,622 ° 3,622
TOTAL 197 284 176,400 8 175,915

1/
ONLY IN PART BY THE FOR
THAN 100 PERCENT.

2/
THE PERCENTAGE HELD BY

]
PARCELS WITH PARTIAL INTERESTS ARE THOSE PARCELS WHICH ARE OWNED

EIGN INVESTOR: THAT IS, A PERCENTAGE INTEREST LESS

ACREAGE EQUIVALENT EQUALS THE TOTAL ACREAGE REPORTED MULTIPLIED BY
THE FOREIGN OWNER.

28



TABLE 9--FOREIGN OWNERSHIP OF U.S. AGRICULTURAL LANDHOLDINGS BY U.S. REGION,
DECEMBER 31, 1992
(NUMBER )
SOUTH west NORTHEAST MIDWEST
COUNTRY
parcers | Acres: | parcers | acres | pancets | acres | parcets | acres
i
ARGENTINA 35 6.661 5 4,855 3 1,798 1 80
AUSTRALIA 8 3,725 6 1,474 1 13 3 222
AUSTRIA 55 [23.876 10 29,151 3 106 10 2,989
BAHAMAS 35 T.9it 7 18.645 6 1,123 1 7,200
BAHRAIN ° ° ° ° ° ° 2 313
BARBADOS 3 117 ° ° ° ° ° °
BELGIUM 27 10,481 56 51,797 14 986 4 2.563
BELIZE 4 159 1 25 ° ° 1 365
BERMUDA 22 © (|67,526 7 1,391 a 2,067 29 2,683
BOLIVIA 2 14 ° ° ° ° ° °
BRAZIL 7 4,805 1 320 1 137 ° °
BRITISH VIRGIN TSLANDS at 50,418 3 4,203 3 690 6 12,870
CANADA 300 [65,577 481 277,199 661 1,280,313 178. 68,068
CAYMAN ISLANDS at 14,609 6 2.450 1 14 10 5,851
CHILE 5 462 1 960 ° ° 1 160
CHINA a 144 2 263 ° ° 1 92
COLOMBIA 36 11,309 ° ° ° ° 1 100
COSTA RICA 7 2,429 1 10,840 ° ° 1 150
cuBA 2 20 ° ° ° ° ° °
CZECHOSLOVAKIA 2 30 ° ° ° ° 3 455
DENMARK 2 622 8 5,984 5 455 6 2,031
DOMINICAN REPUBLIC 3 49 ° ° ° ° 3 2,079
ECUADOR 29 976 ° ° ° ° ° °
EGYPT 12 1,895 1 97 1 100 1 42
EL SALVADOR 3 128 ° ° ° ° ° °
FRANCE 93 18,904 43 (48,617 23 12,314 18 7,442
GAMBIA 1 294 ° ° ° °
GERMANY B19 348,277 298 224,264 144 40,207 BRA = 129,612
GREECE 9 |57,897 2 439 2 90 9 990
GUATEMALA 8 553 ° ° 2 307 1 242
GUYANA 1 35 ° ° ° ° ° °
HONDURAS 12 1,018 ° ° ° ° ° °
HONG KONG 35 6.646 aa 8,793 7 1,657 3 667
HUNGARY ° ° ° ° 2 110 ° °
INDIA 8 1,108 7 556 1 23 ° °
INDONESIA 4 752 ° ° ° ° ° °
TRAN 5 396 7 ast 8 788 6 678
IRELAND "1 6,492 1 3,600 ° ° 4 434
ISRAEL 2 364 4 61 1 159 2 367
ITALY 19 |78, 139 18 2.714 4 756 7 918
IVORY COAST ° ° ° 1 119 ° °
UAMAICA 4 1,631 ° ° ° ° ° °
UAPAN 27 32,047 73° 150,173 2 224 24 16,895
YORDAN 12 719 1 S71 2 229 3 61
KAMPUCHEA ° ° ° ° ° ° 1 31
KOREA (SOUTH) 4 473 2 957 1 100 1 34
KUWAIT 9 19,020 2 224 1 217 3 695
Laos 1 31 ° ° ° ° ° °
LEBANON 24 7,198 5 2,410 4 689 10 2,817
LIBERIA 7 1,500 10 23,981 4 4,689 1 114
LIECHTENSTEIN 75 |62,.871 56 57,251 15 2,210 20 10,281
LUXEMBOURG 6 3,185 2 505 ° ° 1 286
MALAYSIA 4 40 4 7,908 ° ° ° °
MEXICO 245 «144,174 19 30,522 1 27 a B64
Morocco ° ° 1 360 3 515 1 160
NAMIBIA 2 106 ° ° ° 1 a4
NETHERLANDS 151 51,226 65 36,923 at 10,453 56 15,288
NETHERLANDS ANTILLES 234 71,424 97 © 157,439 34 6,596 35 924,349
NEW ZEALAND. 1 113 2 350 ° ° ° °
NICARAGUA 4 1,378 ° ° ° ° ° °
NORWAY 2 654 3 364 ° ° 16 4,378
‘OMAN 4 192 1 262 ° ° ° °
PAKISTAN ° ° 9 2,168 ° ° ° °
PANAMA 124 84,700 25 = 70,770 6 2,622 8 7,090
RU 17 182 1 8 1 15 1 30
PHILIPPINES 1 887 26 2,620 ° ° 3 156
POLAND ° ° ° ° 1 147 ° °
PORTUGAL, 2 B10 3 ant 1 385 ° °
RUSSIA ° ° ° ° 4 761 ° °
ST VINCENT 3 1,918 ° ° ' 1,319 ° °
SAUDI ARABIA 43 15,485 9 10,562 1 3.628 5 661
SINGAPORE 1 24 3 504 ° ° ° °
SOMALIA ° ° ° ° 1 it ° °
SOUTH AFRICA 2 1,848 ° ° 3 a6 ° °
SPAIN rs] 2,067 6 652 ° ° 5 997
SWEDEN 14 3,579 9 25,855 3 313 ) 2,087
SWITZERLAND 303 133,429 92 113,750 43 16,227 63 26,395
SYRIA 5 2,164 1 19) 2 334 ° °
TAIWAN 12 4,584 14 2,304 ° ° 5 985
TANZANIA 2 10,143 ° ° ° ° ° °
THAILAND 3 580 1 950 4 164 3 4113
TRINIDAD & TOBAGO 2 36 ° ° ° ° 1 58
TURKEY ° ° 1 38 ° ° ° °
TURKS ISLANDS ° ° 6 798 1 160 5 2,234
UNITED ARAB EMIRATES 9 gant 5 519 ° ° ° °
UNITED KINGDOM 200 838,323 104 817,386 49 -75,855 79 76,440
URUGUAY 2 1.570 2 320 ° ° 4 8,917
VENEZUELA 105 10.923 1 537 at 3,645 1B 7.325
CONTINUED ~~
16



sae SOS SESREERE a

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Just dial 1-800-999-6779. Toll free in the United States and Canada.
Other areas, call 1-703-834-0125.

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An electronic database containing data from all reports under the Agricultural For-
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the acres (table 36). {As should be expected, sales prices per
acre were higher for smaller parcels. Average selling price for
parcels of less than 20 acres was $20,463 per acre, compared with
$146 per acre for parcels of 1,000 or more acres. Average
selling price of all reported dispositions was $218 per acre.

Country of Origin. Foreign persons from Canada and U.S./France
corporations disposed of most of the acreage--80 percent (table
37). Most of the dispositions occurred in the Northeast, 67
percent of the acres (table 38). Foreign persons from Canada
accounted for 92 percent of the dispositions in the Northeast.

Land Use

Eighteen percent of the dispositions were cropland; 8 percent,
pasture; 70 percent, forest; 3 percent, other agriculture; and 1
percent, other nonagriculture (table 39). Foreign persons from
Germany and U.S./France corporations disposed of 74 percent of
the cropland; U.S./Canada and U.S./France corporations disposed
of 70 percent of the pasture land; and foreign persons from
Canada disposed of 88 percent of the forest land.

Trends

The data for 1992 are generally biased toward the first part of
the year, whereas the data for 1981 through 1991 are generally
more evenly distributed throughout the year (table 40). This has
also been the case for |current year data in past AFIDA reports.
This can be explained primarily in terms of the AFIDA reporting
requirements, which alllow persons 90 days to report their trans-
actions to USDA. Consequently, not all of the transactions
occurring in the 90 days preceding the closing date of the report
are reported to USDA by that date. Some of the bias is also due
to reports that are not timely filed and/or completed by the
closing date. The foregoing discussion also means that the 1992
data, and in some instances data for prior years, are understated
and should be regarded jas preliminary.

Foreign ownership of U.|S. agricultural land has remained rel-
atively steady from 1981 through 1992--slightly above or below 1
percent of all privatelly owned agricultural land in the United
States (fig. 3). Most jof the fluctuation is attributable to
changes in the forest holdings, rising from 7.2 million acres in
1981 to 8.1 million in |1984, dropping to 6.0 million in 1989,
rising to 7.3 million in 1991 and dropping slightly to 7.1
million in 1992. These [changes are mainly due to million-acre-
plus transactions by large timber companies. Looking at the
crop, pasture, and other agriculture figures reveals a steady but
relatively small increase in the numbers. Cropland rose from 1.7
million acres in 1981 to 2.5 million in 1992; pasture, from 2.8
to 3.8 million acres; and other agriculture, from 0.5 to 0.7
million acres.

40



TABLE 131-U.S. FOREST AND OTHER NONAGRICULTURAL

LANDHOLOINGS
BY COUNTRY OF FOREIGN OWNER, DECEMBER 31, 1992
NUMBER )

count} owwers | parcets | acres
I

ARGENTINA 2 2 210
AUSTRALIA 3 5 540
AUSTRIA 8 20 16,844
BAHAMAS 1 1 7200
BARBADOS 4 4 78
BELGIUM 3 3 cra)
BELIZE 1 2 402
BERMUDA 8 14 44,647
BRITISH VIRGIN| ISLANDS 1 4 485
CANADA 291 407 1,262,316
CAYMAN. TSLANDS 3 4 21210
DENMARK 3 4 11676
EGYPT 3 4 140
EL. SALVADOR 1 4 50
FRANCE 10 13 7,375
GERMANY 144 2230183, 751
GREECE 3 3 418
GUATEMALA 4 1 168
HONG KONG 2 5 4,069
TNOTA 4 4 834
TRAN 3 3 243
ISRAEL 1 1 76
YAMATCA 4 1 4,340
JAPAN 5 5 11264
voroAN 3 4 204
KOREA (SOUTH) 1 4 359
KUWAIT 4 1 198
LEBANON 2 2 a4
UIBERIA 2 2 4,290
UTECHTENSTEIN a 12 14,030
LUXEMBOURG 1 1 250
MEXICO 2 3 208
NETHERLANDS 4 8 4,023
NETHERLANDS ANTILLES a 34 91474
NORWAY 1 1 74
PANAMA 6 9 16,944
PHILIPPINES 4 5 203
ST VINCENT 4 4 20
SAUDI ARABIA 3 3 665
SOMALIA 4 4 14
SPAIN 2 2 488
SWEDEN 2 2 105
SWITZERLAND 14 24 9.134
SYRIA 2 2 447
TAIWAN 1 1 96
TURKS_TSLANDS 1 1 S
UNITED ARAB. EMIRATES 1 2 705
UNITED KINGDOM 40 151 1,554,992
VENEZUELA 8 9 11720
VIETNAM 1 1 152
MULTIPLE 8 9 5,620
THIRD TIER 4 8 44,368

SUBTOTAL 4/ 639 1,020 3,201, 462
US/AUSTRALIA 1 1 315
US/AUSTRIA 3 5 2.357
US/BAHAMAS 3 2 31384
US/BELGIUM 7 29 9,355
US/BERMUDA 4 20 10.778
US/BRITISH VIRGIN

ISLANDS 2 2 13,591
US/CANADA 40 453° 1.985.659
US/CAYMAN ISLANDS 1 1 610
US/CHINA 1 3 1.527
US/DENMARK 4 4 51176
US/EGYPT 4 1 155
US/FINLAND 2 7 2,909
US/FRANCE 18 189 8211852
US/GERMANY 18 55 321167
us/GREECE 1 1 147
US/TRELAND 1 4 1,612
US/JAPAN 17 25 731145,
US/KENYA 1 1 32
US/KUWAIT 1 1 772
US/LIBERIA 4 4 3.520
US/LIECHTENSTEIN 2 3 6,648
US/LUXEMBOURG 1 1 8
US/MEXICO 1 1 63
US/NETHERLANDS| r) 23 5.166
US/NETHERLANDS| ANTILLES a 13 11673
US/NORWAY 1 1 25
US/PANAMA 4 4 2.242
US/PHILIPPINES| 3 3 796
US/QATAR 1 1 219
US/SAUDI ARABT 2 5 3,043
US/SWEDEN 1 1 sat
US/SWITZERLANO| 14 25 56,057
US/TATWAN 2 2 32
US/UNITED KINGDOM 46 209 547,458
US/VENEZUELA 4 4 2180
US/MULTIPLE 5 15 te1.301
US/THIRD TIER 2 120 2341655

SUBTOTAL 2/ 230 1.246 3,391,597
TOTAL 873 2.266 6,592,699

'4/ TOTAL INTERESTS EXCLUDING U.S. CORPORATIONS WITH
Font fon" SHAREHOLDERS.

2/ TOTAL-T
SHAREHOLDERS.

ITERESTS OF U.S, CORPORATIONS WITH FOREIGN

24



Interest in Land

Ninety-four percent of the parcels, accounting for 98 percent of
the reported acres, were acquired in fee interest whole (table
25).

Method of Acquisition

Seventy percent of the parcels, covering 30 percent of the acres,
were acquired for cash only (table 25). This compares with 10
percent of the parcels, covering 34 percent of the acres,
acquired by credit and 5 percent of the parcels, covering 18
percent of the acres, acquired by other method only.

Land Use

Of the acres acquired in 1992, 36 percent were in pasture, 31
percent in forest, 24 percent in crop, 6 percent in other
agriculture, and 3 percent in other nonagriculture (table 26).
Foreign persons from Liechtenstein acquired 42 percent of the
cropland, U.S./Mexico corporations acquired 51 percent of the
pasture land, and U.S./Canada and U.S./U.K. corporations acquired
71 percent of the forest land.

Separating out data on reports for only forest or forest and
other nonagricultural land shows that 27 percent of the

TABLE 25--FOREIGN-OWNED U.S. AGRICULTURAL LAND ACQUISITIONS BY TYPE
OF INTEREST, METHOD OF ACQUISITION, AND OWNER-REPRESENTATIVE,

JANUARY 1 - DECEMBER 31, 1992
(NUMBER )
ITEM PARCELS ACRES
REPORTED
INTEREST:

FEE INTEREST WHOLE 268 173,714
FEE INTEREST PARTIAL 1/ 8 924
LIFE ESTATE 1 7
TRUST BENEFICIARY a 4,926
PURCHASE CONTRACT 1 80
OTHER 3 355
TOTAL 284 176,400

METHOD OF ACQUISITION:
CASH ONLY 198 53,731
CREDIT ONLY 27 60,808
TRADE ONLY 12 10,467
GIFT/INHERITANCE ONLY 10 3,933

FORECLOSURE ONLY 8 10,275

OTHER METHOD ONLY 15 30,975

CASH & CREDIT ONLY 8 5,988

CASH & TRADE ONLY 3 170

CASH & ANY OTHER COMBINATION 2 16

1

NONCASH COMBINATIONS 37
TOTAL 284 176,400
OWNER-REPRESENTATIVE:
ATTORNEY 107 41,882
MANAGER 55 19,688
AGENT 25 12,073
OTHER 75 89,347
FOREIGN OWNER 22 13,410
TOTAL 284 176,400

1/ THE FEE INTEREST PARTIAL IS USED FOR THOSE PARCELS. WHICH ARE
OWNED ONLY IN PART BY THE FOREIGN INVESTOR; THAT IS, A PERCENTAGE
INTEREST LESS THAN 100 PERCENT.

33


Relationship of Foreign Owner to Representative

Forms were most commonly completed by the attorneys, accounting
for 33 percent of the parcels and 38 percent of the acreage
(table 10). The second largest group is the other category
(accountants, family members, and people associated with or
employed by corporations) with filings for 23 percent-of the
parcels and 21 percent of the acres, followed by managers with
filings for 16 percent of the parcels covering 25 percent of the
acres. :

Land Use

Forty-nine percent of. the reported foreign-owned holdings. of
agricultural land is timber or forest land (table 11) ;. cropland
accounts for only 17 percent. Foreign-owned cropland, pasture,’
and other agricultural land (which includes, for example, or-
chards and vineyards) total 48 percent of all foreign-owned
holdings, but only 0.5 percent of all privately held agricultural
land in the United States. The other nonagriculture category

TABLE 10--FOREIGN-OWNED U.S. AGRICULTURAL LANDHOLDINGS
BY TYPE OF INTEREST, METHOD OF ACQUISITION,
AND OWNER-REPRESENTATIVE, DECEMBER 31, 1992

(NUMBER)
ITEM PARCELS ACRES
INTEREST:
FEE INTEREST WHOLE 11,120 11,914,806
FEE INTEREST PARTIAL 1/ 807 2,088,992
LIFE ESTATE 46 , 9,578
TRUST BENEFICIARY . 174 103,440
PURCHASE CONTRACT . 625 +. 328,953
OTHER 68 73,230.
TOTAL 12,840. 14,518,999
METHOD OF ACQUISITION:
CASH ONLY 6,485 75,013,514
CREDIT ONLY 3,333 2,339,770
TRADE ONLY 279 329,389
GIFT/INHERITANCE ONLY 350 235,708
FORECLOSURE ONLY 48 56.430
OTHER METHOD ONLY 1,003 3,807,672
CASH & CREDIT ONLY » 1,109 1,834,735 ,
CASH & TRADE ONLY 72 587,924 :
CASH & ANY OTHER COMBINATION 45 54,515
NO REPORT 44 14,797
NONCASH COMBINATIONS 72 244,545
TOTAL 12,840 14,518,999
OWNER-REPRESENTATIVE:
ATTORNEY 4,209 5.466, 108
MANAGER 2,040 3,698,518 .
AGENT 1,528 1,110,684
OTHER 2,962 3,025,966
FOREIGN OWNER 1,956 1,036,608
NO REPORT 445 181,115
TOTAL 12,840 14,518,999

41/ THE FEE INTEREST PARTIAL IS USED FOR THOSE PARCELS WHICH ARE
OWNED ONLY IN PART BY THE FOREIGN INVESTOR; THAT IS, A PERCENTAGE
INTEREST LESS THAN 100 PERCENT.

19



the Pacific Islands, or 3) is not lawfully admitted into the
United States for permanent residence. .Any person who holds an
Immigration and Naturalization Service Form I-151. or I-551 (green
card) is considered lawfully admitted for permanent residence and
is exempt from.the requirements of the act. Foreign governments,
entities which are created under the laws of or have their
principal place of business in a foreign country, and U.S.
entities in which there is a significant foreign interest or
substantial control are also defined as foreign persons under the
act.

For this study, individuals are defined as one person or a
husband and wife. ‘The "partnership" category includes all
legally defined partnerships, joint ventures, and tenancies in
common that include two or more persons who are not married. The
term partnership does not differentiate between joint tenancies
and tenancies in common. In the interest of simplicity and
brevity, fine legal distinctions, however important in an indi-
vidual case, are ignored.

Each foreign entity holding land is required to. file a report.
Therefore, if two individuals own land as a partnership, the
partnership is to file one report as a partnership, with the
partners’ names and citizenship listed on the back of the form.
Occasionally, however, two people will file as individuals, each
filing a separate report on the same land with a partial interest
of, for example, 49 percent listed on each form. Because it is
not always possible to distinguish separate reports for the same
land, two such individuals cannot be differentiated from one
partnership. This may occur when there is no legal partnership
but individuals own the land as tenants in common. If they file
together on one form, they are automatically considered a part-
nership. If they file separately,.they are generally considered
individuals. Therefore, the data on individuals and partnerships
and the number of reported parcels should be used with caution.

The act is designed to impute foreign person status to certain
U.S. entities holding direct and indirect interests in U.S.
agricultural land. For purposes of the act, this is accomplished
by defining. each successive link in a chain of U.S. entities
containing:foreign interests as a foreign person. However, only
the foreign-person.who actually holds. the direct interest in the
land (that is, the first layer or tier) is considered the report-
ing entity. This entity need not actually be foreign, but under
the act it is deemed a foreign person because another foreign
person holds a significant interest or substantial. control in it.
In some instances, that second tier also may not actually be
foreign but may be deemed foreign under the act for the same
reason. The regulations define "significant interest or sub-
stantial control" to mean a 10-percent or more interest in. the
entity if held by a single foreign person or a group of foreign
persons acting in concert, or a 50-percent or more interest if
held by a group of foreign persons not acting in concert, none of
whom individually holds a 10-percent or greater interest in that
entity. :


TABLE 36--DISPOSITIONS OF FOREIGN-OWNED U.S.

AGRICULTURAL LAND

BY SIZE OF DISPOSITION, UANUAPY 1 - DECEMBER 31, 1992

OWNERS PARCELS SELLING

SIZE REPORTING REPORTED ACRES PRICE

(ACRES) (NUMBER ) (NUMBER ) (NUMBER ) (4,000

DOLLARS) 1/

LESS THAN 20 24 33 149 3,049
20-59 23 30 868 3,011
60-99 14 32 1,159 4,374
100-299 19 25 2,998 6,343
300-999 14 39 9,438 19,850
1000 OR MORE 27 259 461,272 67,265
TOTAL 124 A18 475,884 103,892

A/ SELLING PRICE IS VALUE AT TIME OF DISPOSITION.

TABLE 37--DISPOSITIONS OF U.S.

AGRICULTURAL LAND BY COUNTRY OF FOREIGN

OWNER, JANUARY 1 - DECEMBER 31, 1992
OWNERS PARCELS SELLING
COUNTRY REPORTING | REPORTED ACRES PRICE
(NUMBER) (NUMBER ) (NUMBER ) (1,000
DOLLARS) 1/
BAHRAIN 2 2 160 168
BERMUDA 1 3 109 1,748
BRITISH VIRGIN ISLANDS 1 1 24 28
CANADA 12 35 280, 127 3,226
CAYMAN ISLANDS 2 2 240 544
FRANCE 3 3 287 365
GERMANY 16 38 37,035 17,654
GREECE 1 1 80 84
JAPAN 2 2 1,336 579
LIECHTENSTEIN 1 1 32 50
NETHERLANDS ANTILLES 3 4 3,196 3,057
PANAMA 1 1 400 864
SAUDI ARABIA 1 1 9,280 2,888
SOUTH AFRICA 1 1 1,452 86
SWEDEN 2 2 685 558
SWITZERLAND 6 22 635 3,548
SYRIA 1 1 1,998 952
UNITED ARAB EMIRATES 1 4 15 79
UNITED KINGDOM 5 26 14,363 3,968
VENEZUELA 1 2 57
SUBTOTAL 2/ 63 152 351,455 40,503
US/AUSTRIA 2 2 312 653
US/BAHAMAS 2 3 1,402 1,094
US/CANADA 6 16 37,256 5,686
US/FRANCE 5 143 61,366 26,387
US/GERMANY 6 9 2,362 B41
US/ITALY 1 1 Ss 13
US/JAPAN 3 3 6 2,106
US/LIECHTENSTEIN 4 4 89 634
US/NETHERLANDS 3 14 945 14,490
US/NETHERLANDS ANTILLES 2 9 1,515 1,194
US/PANAMA 1 2 1,019 1,654
US/SAUDI ARABIA 1 1 564 400
US/SWITZERLAND 6 8 1,884 1,786
US/UNITED KINGDOM 12 45 14,659 8,376
US/MULTIPLE 1 1 80 360
US/THIRD TIER 3 5 965 718
SUBTOTAL 3/ 5B 266 124,429 63,389
TOTAL ALL
LAND DISPOSITIONS 124 418 475,884 103,892

41/ SELLING PRICE IS VALUE AT TIME OF DISPOSITION.
CORPORATIONS WITH FOREIGN

2/ TOTAL INTERESTS EXCLUDING U.S.

SHAREHOLDERS .

3/ TOTAL INTERESTS OF U.S.

Al

CORPORATIONS WITH FOREIGN SHAREHOLDERS.


TABLE 39--DISPOSITIONS OF U.S.

AGRICULTURAL LAND BY

COUNTRY OF FOREIGN OWNER,

BY USE,

UANUARY 1 - DECEMBER 31, 1992
(ACRES)
COUNTRY CROPLAND PASTURE FOREST OTHER OTHER NON- TOTAL
: AGRICULTURE | AGRICULTURE

BAHRAIN 160 ° 10 Oen, ° 160
BERMUDA 56 ° ° 46 7 109
BRITISH VIRGIN ISLANDS ° ° ° 24 ° 21
CANADA 1,199 1,461 277,266 31 170 280,127
CAYMAN ISLANDS 234 ° me) ° 6 240
FRANCE 287 ° a) ° ° 287
GERMANY 29,964 78 1,386 2,587 3,020 37,035
GREECE 80 ° ° ° ° 80
JAPAN 160 1,176 ° ° ° 1,336
LIECHTENSTEIN 32 ° ° ° ° 32
NETHERLANDS ANTILLES 2,546 ° 445 205 ° 3,196
PANAMA 400 ° ° ° ° 400
SAUDI ARABIA 7,040 ° ° ° 2,240 9,280
SOUTH AFRICA 1A5 1,307 ° ° ° 1,452
SWEDEN ° ° 665 20 ° 685
SWITZERLAND 319 244 ° 74 1 635
SYRIA 1,372 ° ° 626 ° 1,998
UNITED ARAB EMIRATES ° ° ° 15 ° 15
UNITED KINGDOM 389 13 13,961 ° ° 14,363
VENEZUELA ° ° ° 4 ° 4
SUBTOTAL 1/ 44,383 4,276 293,723 3,629 5,444 351,455
US/AUSTRIA 152 ° ° 155 5 312
US/BAHAMAS, ° 1,402 ° ° ° 1,402
US/CANADA 572 17,346 19,021 317 ° 37,256
US/FRANCE 30,899 8,406 20,360 144 1,557 61,366
US/GERMANY 1,246 554 416 128 18 2,362
US/ITALY ° ° 5 ° ° 5
US/JAPAN 4 ° ° 2 ° 6
US/LIECHTENSTEIN 40 20 ° 24 5° 89
US/NETHERLANDS 30 757 108 ° 50 945
US/NETHERLANDS ANTILLES 548 767 To 130 ° 1,515
US/PANAMA 1,019 ° ° ° ° 1,019
US/SAUDI ARABIA 124 ° AAO ° ° 564
US/SWITZERLAND 1,764 ° 1 1 118 1,884
US/UNITED KINGDOM 2,426 3,109 962 8,072 90 14,659
US/MULTIPLE 55 °. 25 ° ° 80.
US/THIRD TIER 668 229 68 ° ° 965
SUBTOTAL 2/ 39,547 32,590 44,476 8,973 1,843 124,429

TOTAL ALL
LAND DISPOSITIONS 83,930 36,866 335,199 12,602 7,287 475,884

i/ TOTAL INTERESTS EXCLUDING U.S. CORPORATIONS WITH FOREIGN SHAREHOLDERS.

2/

TOTAL INTERESTS OF U.S.

A3

CORPORATIONS WITH FOREIGN SHAREHOLDERS.


TABLE 1--U.S. AGRICULTURAL LANDHOLDINGS OF FOREIGN OWNERS BY STATE, DECEMBER 31, 1992
i
TOTAL LAND PRIVATELY OWNED FOREIGN-OWNED |PROPORTION OF
AREA. AGRICULTURAL AGRICULTURAL FOREIGN-OWNED TO
STATE OF STATE 1/ LAND 2/ LAND PRIVATELY OWNED
¢ (4,000 ACRES) (1,000 ACRES) (ACRES) AGRICULTURAL LAND
(PERCENT)

ALABAMA 32,491 417,940 1.5
ARIZONA 72,645 330,068 3.1
ARKANSAS 33,330 190,400 7
CALIFORNIA 100,031 918,724 2.4
COLORADO 66,301 585,164 1.6
CONNECTICUT 3,118 881
DELAWARE 1,237 5,870 :
FLORIDA 34,658 571,548 2.4
GEORGIA 37,156 579,513 1.8
HAWAIT 4.442 179,321 9.0
IDAHO 52,744 22,357 a1
ILLINOIS 35,613 185,828 :6
INDIANA 22,996 81,403 24
IOWA 35,818 32,127 1
KANSAS 52,338 78,465 +2
KENTUCKY 25,388 95,597 4
LOUISIANA 28,494 698,743 2.8
MAINE 19,837 2,545,212 14.4
MARYLAND 6,296 51,828 14
MASSACHUSETTS 5.008 1,884 at
MICHIGAN 36,451 204,617 8
MINNESOTA 50,914 214,477 6
MISSISSIPPI 30,229 514,396 1.9
MISSOURI 44,125 86,637 +2
MONTANA 93,048 574,432 14
NEBRASKA 49,052 17,219 12
NEVADA 70,332 162,607 2.0
NEW HAMPSHIRE 5,756 220,064 5.2
NEW JERSEY 4,779 19,189 8
NEW MEXICO 77,654 836,748 2.3
NEW YORK 30,321 270,736 1.2
NORTH CAROLINA 31,260 230,355 9
NORTH DAKOTA 44,352 29,474 af
OHIO 26,243 176,491 .8
OKLAHOMA 43,939 53,495 a
OREGON 61,558 733,236 2.6
PENNSYLVANIA 28,728 70,821 +3
PUERTO RICO NA 839
RHODE ISLAND _ 675 °
SOUTH CAROLINA 18,330 193,114 1.2
SOUTH DAKOTA 48,609 42,506 a
TENNESSEE 26,339 173,782 8
TEXAS, 167,691 1,086,754 “7
UTAH. 52,527 46.973 4
VERMONT 5,935 117,612 2:3
VIRGINIA 25,410 117,428 16
WASHINGTON 42,567 387,447 7
WEST VIRGINIA 15,436 105,337 8
WISCONSIN 34.833 24,295 =)
WYOMING 62,073° 175,348 7

TOTAL 1,899,774 1,264,605 14,518,999 ted

iv 1980 LAND AREA FROM GEdGRAPHY DIVISION, CENSUS BUREAU.

2/ PRIVATELY HELD.LAND BASED ON A. DAUGHERTY, UNPUBLISHED DATA, ECON. RES. SERV..
U.S. DEPT.AGR., 1987. ESTIMATE OF TOTAL LAND LESS PUBLIC, INDIAN, TRANSPORTATION,
AND URBAN LAND INCLUDES FOREST LAND, PASTURELAND. CROPLAND, RANGE, AND
MISCELLANEOUS.

NBG.=NEGLIGIBLE

NASNOP AVAILABLE