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

Purchase Price and Value of Holdings. As noted earlier under
"Type of Foreign Owner,|" corporations own 81 percent of the
acreage. However, corporate purchase price and nonpurchase price
(estimated value) at th ie of acquisition account for only 69
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 corporations at $672; followed by

individuals, $965; all jothers, $1,274; and partnerships, $1,570.

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 February 1989 for all years prior to 1989 (table
6). The total adjusted cur~ent value indicates a 14-percent

decrease from the reported current value. The adjustment factor

TABLE 4--FOREIGN-OWNED U.S, AGRICULTURAL LANDHOLDINGS
BY Size OF HOLDING, DECEMBER 31, 1989

SIZE OWNERS PARCELS ACRES
(ACRES) (NUMBER ) (NUMBER ) (NUMBER)

LESS THAN 20 974 1,048 10,457
20-59 1,615 1,849 56,211
60-99 B44 1,102 65,337
100-299 1,749 2,334 307,629
300-999 1,632 2,536 906,754
1000 OR MORE 1,187 4,450 11,529,116
TOTAL 7,998 13,316 12,875,504

TABLE 5--VALUE OF U.S. AGRICULTURAL LANDHOLDINGS
BY TYPE|OF FOREIGN OWNER, DECEMBER 31, 1989

ACRES ACRES
WITH PURCHASE WITH NON-

OWNERS PURCHASE PRICE i/ NON- PURCHASE

OWNER (NUMBER PRICE (4,000 PURCHASE PRICE 4/

REPORTED DOLLARS) PRICE (1.000

(NUMBER ) REPORTED DOLLARS)

(NUMBER )

INDIVIDUAL 3.378 819,494 898,820 154,630 41,462
CORPORATION 3,59 8.622.870 6.133.428 1,827,837 893,776
PARTNERSHIP 1,169 1,014,945 1,715,435 227,793 235,477
ESTATE 12 2,082 3,286 700 59
TRUST 258 169,694 229,746 16,561 6,555
INSTITUTION 3 1,075 1,367 ° °
ASSOCIATION 1 5,780 10,400 ° °
OTHER 18 9,439 11,389 2,604 2,031
TOTAL 7,998 10,645,379 9,003,871 2,230,125 1,179,360

A/ PURCHASE PRICE] AND NONPURCHASE PRICE AT TIME OF ACQUISITION.

10



TABLE 23--U.S. AGRICULTURAL LAND ACQUISITIONS BY COUNTRY OF

FOREIGN OWNER,

JANUARY 1 - DECEMBER 31, 1989
OWNERS PARCELS ACRES VALUE
COUNTRY REPORTING | REPORTED (NUMBER ) (1,000
(NUMBER ) (NUMBER) DOLLARS) 1/

AUSTRALIA 1 1 62 3,600
AUSTRIA 1 1 1 8
BAHAMAS 1 1 652 804
BERMUDA 1 1 20 40
BRITISH VIRGIN ISLANDS 1 1 130 19,820
CANADA 15 22 93,619 8,544
CAYMAN ISLANDS 1 1 102 165
CHINA 1 1 14 9
COLOMBIA 1 1 38 308
EL SALVADOR 1 1 74 1,022
FRANCE 5 7 452 3,267
GERMANY (WEST ) 26 28 23,519 15,294
JAPAN 13 16 14,416 59,226
JORDAN 1 1 38 92
LIBERIA 1 1 320 236
LIECHTENSTEIN 1 1 1,364 1,775
MEXICO 1 1 1,638 850
NETHERLANDS 1 1 1,069 485
NETHERLANOS ANTILLES 2 6 4,112 6,313
NICARAGUA 1 1 30 44
PHILIPPINES 1 1 a54 295
SAUDI ARABIA 1 3 6,826 13,000
SWEDEN 2 2 327 767
SWITZERLAND 13 13 8,071 3,586
UNITED KINGDOM 8 8 6.423 5,963
U.S.S.R. 1 1 30 3
MULTIPLE 2 2 131 650
THIRD TIER 1 1 785 9,817

SUBTOTAL 2/ 105 125 164,771 155,983
US/BAHAMAS 1 1 400 130
US/BERMUDA 1 2 435 229
US/BRAZIL 3 9 1,282 3,058
US/CANADA 3 19 34,488 22,469
US/CHINA 1 3 13,553 25,900
US/COLOMBIA 2 3 4,146 5,502
US/EL SALVADOR 3 3 481 3,378
US/FRANCE 12 28 23,330 17,412
US/GERMANY (WEST ) 4 4 660 1,916
US/HONG KONG 5 5 10,246 14,792
US/ITALY 1 1 666 800
US/UAPAN 24 26 22,716 196.207
US/LIECHTENSTEIN 1 1 104 562
US/MEXICO 3 3 627 877
US/NETHERLANDS 7 10 6,549 2,975
US/NETHERLANDS ANTILLES 1 2 1,152 750
US/PANAMA 1 1 2,314 2,576
US/SOUTH AFRICA 1 2 1,095 12,954
US/SPAIN 1 1 50 361
US/SWITZERLAND 7 B 8,388 17,913
US/TAIWAN 1 1 553 3,969
US/UNITED ARAB EMIRATES 1 3 342 1.74
US/UNITED KINGDOM 16 at 13,391 27,946

SUBTOTAL 3/ 106 177 143,968 364,387
TOTAL ALL

LAND ACQUISITIONS ait 302 305,739 520,370

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

31


Acquisitions

The data in this section are net figures for U.S. agricultural
land acquired by foreign persons from January 1 through December
31, 1989; that is, the total reported acquisitions for the period
less dispositions data for lands that were both acquired and
disposed during calendar year 1989.

Foreign persons reported that they had acquired 302 parcels of
U.S. agricultural land covering 305,739 acres during January 1-
December 31, 1989 (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, 1989, 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.
Table 40 shows that the distribution of acquisition dates is
biased toward the first three quarters of 1989. A further under-
statement of the acreage acquired by foreign persons during the

reporting period may result from reports that are not timely

TABLE 18--U.S.

AGRICULTURAL LAND ACQUISITIONS OF FOREIGN OWNERS BY STATE,

VANUARY 1 - DECEMBER 31, 1989
STATE VALUE STATE VALUE
AND U.S. ACRES (1,000 AND U.S. ACRES (1,000
TERRITORY (NUMBER ) DOLLARS) TERRITORY (NUMBER) DOLLARS)
iV 4

ALABAMA 19,004 | MONTANA 11,069 1,485
ARIZONA 14,769 |NEBRASKA 3,680 687
ARKANSAS 4,790 |NEVADA 1,018 1,906
CALIFORNIA 43,467 |NEW HAMPSHIRE 20 40
COLORADO 6.170 |NEW MEXICO 564 687
DELAWARE 7,280 |NEW YORK . 6.825 2.515
FLORIDA 73.778 |NORTH CAROLINA 2,138 3,482
GEORGIA 34,323  |OHIO 8.584 22,117
HAWAII 138,954 | OKLAHOMA 50 5
ILLINOIS 4,141 |OREGON 193 7,905
INDIANA 160 [PENNSYLVANIA 19,139 2.684
KANSAS 2,065 |SOUTH CAROLINA 1,762 11,688
KENTUCKY 27,893 |TENNESSEE 567 19.400
LOUISIANA 5,722 | TEXAS 4,194 26,994
MAINE 380 | VERMONT 4,800 27,333
MASSACHUSETTS, 150 | VIRGINIA 4,902 2.783
MICHIGAN 522 |WASHINGTON 1,091 906
MISSISSIPPI 2,341 |WISCONSIN 2,319 1,714
WYOMING 400 130
TOTAL 305,739 520,370

4/ VALUE 1S PURCHASE PRICE OR NONPURCHASE PRICE (ESTIMATED VALUE).

27


Corporations account for the largest number of owners reporting
acquisitions of forest land or forest and other nonagricultural
land--67 percent of the/owners reported acquiring 83 percent of
the parcels covering 98|percent of the acres (table 29). Twenty-
four percent of the owners were individuals who reported acquir-
ing 13 percent of the pireels, but only 1.5 percent of the acres.
Owners of parcels with jess than 1,000 acres, 73 percent of the
owners, reported acquiring 52 percent of the parcels covering
only 5 percent of the forest or forest and other nonagricultural
lands (table 30). The remaining 27 percent of the owners, owning
parcels with 1,000 or more acres, reported acquiring 48 percent
of the parcels covering|95 percent of these lands.

Intended Use

Reports for 86 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 4 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

10 percent of the acres).

TABLE 29--U.S. FOREST AND OTHER NONAGRICULTURAL LAND ACQUISITIONS -
BY TYPE OF FOREITGN OWNER, JANUARY 1 ~ DECEMBER 31, 1989
(NUMBER )

PARCELS WITH
OWNER OWNERS PARCELS ACRES PARTIAL ACREAGE

REPORTING ||REPORTED INTERESTS EQUIVALENT 2/
REPORTED 1/

INDIVIDUAL 8 8 1,966 1 1,931
CORPORATION 22 52 127,930 8 44,408
PARTNERSHIP 2 2 1,024 ° 1,024
TRUST 1 1 36 ° 36

TOTAL, 33 63° 130,956 9 47,399

4/ PARCELS WITH PARTIAL INTERESTS ARE THOSE PARCELS WHICH ARE OWNED
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, 1989
|
SIZE OWNERS PARCELS ACRES VALUE
(AcRES) REPORTING REPORTED (NUMBER ) (1,000
(NUMBER ) (NUMBER ) DOLLARS) 1/

LESS THAN 20 1 1 14 5
20-59 4 4 444 295
60-99 3 4 234 105
100-299 9 4 2,043 3,675
300-999 7 13 3,964 16,989
1000 OR MORE 9 30 124,593 47,310
TOTAL 33 63 130,956 68,379

4/ VALUE IS 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 Jentity, 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, West Germany, the report
is processed as "Germany (West) . Where persons from many
different countries hold direct and 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 West German--the report is processed as "Multiple." Reports
filed by U.S. corporations with foreign shareholders are clas-
sified "U.S. / (foreign [country) ." For example, a U.S. corporation
with a Canadian shareholder who has a significant interest or
substantial 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 share-
holders 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 in-
dicated, the report is processed as "U.S./Third Tier." Non-

corporate 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 reported|on 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 Us separate owners.



Foreign ownership of uls. agricultural land has remained rel-
atively steady from 1981 through 1989--slightly above or below 1
percent of the privately owned agricultural land in the United
States (fig. 3). Most |of the fluctuation is attributable to
changes in the forest holdings, rising from 7.2 million acres in
1981 to 8.1 million in|1984 and dropping to 6.0 million in 1989.
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 in-

crease in the number. |Cropland rose from 1.7 million acres in
1981 to 2.3 million acres in 1989; pasture, from 2.8 to 3.4
million acres; and other agriculture, from 0.5 to 0.6 million
acres.
Figure 3
Trends in foreign ownership of agticultural land by type of use, 1981-89
Millon serve
15
454
135
1254
Ny Forest
10 4
9 -|
84
74
Nonag
64 Otherag
5 d
4+ % Pasture
3-4
2
1 Crop

1981 1982 1983) 1984 1985 1986 1987 1988 1989

Program Costs and Penalties

Administration of the |AFIDA program for obtaining and analyzing
the data required an estimated 10.8 staff-years at a cost of
approximately $371, 000 to USDA for the past year, of which the
Agricultural Stabilization and Conservation Service contributed
approximately 9.1 staff- -years at an estimated cost of $318,000.
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 1989, USDA assessed 231 penalties for late filings, total-
ling $205,000.

46



Trends

The data for 1989 are biiased toward the first part of the year,
whereas the data for 1981 through 1989 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 lin terms of the AFIDA reporting require-
ments, which allow persons 90 days to report their transactions
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 biasing is also. due to reports
that are not timely filled. and/or completed by the closing date.
The foregoing discussion also means that. the 1989 data, and in
some instances data for prior years, are understated and should
be regarded as preliminary. In addition, unlike the net data in
the acquisitions section, the acquisitions figures here are gross
figures; that is, totall acquisitions without reductions for

dispositions.
TABLE 40--ACQUISITIONS AND DISPOSITIONS OF FOREIGN-OWNED U.S. AGRICULTURAL LAND, BY DATE
UANUARY 1981 - DECEMBER 1989
lacours1t10Ns DISPOSITIONS
DATE j
PARCELS ACRES VALUE PARCELS ACRES VALUE
REPORTED (NUMBER) (1,000 REPORTED (NUMBER) (1,000
(NUMBER) DOLLARS) 1/ (NUMBER) DOLLARS )1/
1981
YANUARY 150 60.085 405,041 so 44,136 29,207
FEBRUARY 152 44.004 87.272 34 101826 17,099
MARCH 282| 2,4881674 1, 920.768 a4 108; 183 311220
APRIL 174 104.789 126.616 55 50437 951157
MAY 196 1371591 2221936 58 10.859 17.352
UNE 195 115,559 414.742 59 50.728 351889
guLy 475 1371589 183,282 54 61.558 41.688
AUGUST 196 376.052 1672431 45 261419 581695
SEPTEMBER 154 92,872 104,355 40 3.287 8.718
OCTOBER 153 109/269 63.162 46 18.185 131.800
NOVEMBER 184 75.142 76.624 a8 22,693 18.522
DECEMBER 149 119,428 1081537 61 31,424 35.779
MULTIPLE 7 teas 21018 1 4 204
TOTAL 2.127] 3,817,658 3,279, 184 595 497,737 343,390
1982
UANUARY 191 90,472 153,054 83 22,995 44.128
FEBRUARY 404 52.752 741931 36 251870 17,204
MARCH 142 50.444 91.4aa 33 71042 411202
APRIL 121 85/098 671163 36 201631 201502
MAY 118 83/935, 64,285 39 91156 26,175
JUNE 138 781923 651083 47 291471 39,797
yULy 135 70.441 87,531 39 111608 19! 166
hucust 106 199,894 921226 31 151860 231957
SEPTEMBER . 72 27,359 29,208 26 5,414 5,375
octoseR 93 38,300 34.262 43 21830 21727
NOVEMBER 87 124.989 156,086 38 18/900 64‘aa1
DECEMBER 80 36,195 55.619 54 15.148 19,529
MULTIPLE 7 31552 31875 ° ° °
TOTAL 1.404 904,354 974,960 405 202,865 294,733
1983
UANUARY 95| 30,364 55,659 28 12,79 14,784
FEBRUARY 76 44.525 45.561 35 125,211 23169
MARCH 77 221251 46.231 33 8. 104 15,202
APRIL 109 86.990 57.898 10 20.300 22,575
MAY 44 35.780 65.835 68 27.497 181420
JUNE ral 291725 56.413 se 7Loas 411622
JULY aa 44.254 43.637 49 17,215 26,852
AUGUST 79, 331685 301760 sa 341153 23,677
SEPTEMBER 70) 102.734 96.519 38 44,032 12,146
OcTOBER 4a 19,091 27416 a4 4.874 28/029
NOVEMBER 76 54.534 324,292 60 173.672 290,725
DECEMBER 7 31.569 62.799 72 15.434 391879
TOTAL aa 995,442 912,954 60s 456,654 551,560
1980 .
JANUARY 119) 318,525 138,376 126 55,223 56,439
FEBRUARY a0 17.482 46.058 27 13.920 22,447
MARCH 67 78.118 89,462 51 26,454 24,428
APRIL 77 70.159 94.449 a5 33.679 39,978
MAY 66 14,031 19,148 39 7,824 10,568
UNE cel 50,632 68.270 a2 29/884 37,044
JULY 52 44053 1551774 47 44.162 241759
AuGusT ee 35.580 90. 125 39 121888 30,388
CONTINUED --

44



ITED STATES DEPARTMENT OF AGRICULTURE
ECONOMIC RESEARCH SERVICE
1301 NEW YORK AVENUE, NW.
WASHINGTON, DC 20005-4788


TABLE 38--DISPOSITIONS OF U.S.

AGRICULTURAL LAND BY COUNTRY:-OF FOREIGN OWNER, BY U.S. REGION,

YANUARY 1 - DECEMBER 31, 1989
(NUMBER )
SOUTH WEST NORTHEAST NORTH CENTRAL
COUNTRY i °
parcecs | acres | parcets | acres | paRceLs | AcRES | PARCELS | ACRES
REPORTED | REPORTED REPORTED REPORTED

ARGENTINA ° ° 1 157 ° ° ° °
AUSTRIA 1 1 ° ° ° ° ° °
BAHAMAS ° ° ° ° 2 685 ° °
BERMUDA 1 103 ° ° ° ° ° °
BRITISH VIRGIN ISLANDS 1 A76 ° ° ° ° 1 1,691
CANADA 2 95 ° ° 6 = 20,347 ° °
CAYMAN ISLANDS 3 1,733 ° ° ° ° ° °
ECUADOR 1 10 ° ° ° ° ° 9
FRANCE 2 171 ° ° ° ° ° °
GERMANY (WEST) 16 5.155 8 14,810 3 58 3 633
GREECE ° ° ° 1 96 ° °
HONG KONG 2 240 2 323 ° ° ° °
INDONESIA 1 20 ° ° ° ° ° °
ITALY ° “0 ° ° 1 666 ° °
UORDAN 1 43 ° ° ° ° ° °
MEXICO 2 223 ° ° ° ° ° °
NETHERLANDS 1 1 2 199 3 120 ° °
NETHERLANDS ANTILLES 3 338 ° ° 12 497 ° °
PANAMA 4 176 ° ° ° ° ° °
SWITZERLAND 9 1,237 ° ° 9 434 1 233
UNITED KINGDOM ° ° 2 st ° ° 1 99
U.S.S.R. ° ° ° ° 1 84 ° °
VENEZUELA 5 6,063 ° ° ° ° ° °
THIRD TIER 1 775 5 13,905 ° ° ° °

SUBTOTAL 1/ 56 16,860 20° 29,445 38 © 22,987 6 2,656
Us/BELGIUM 3 a4 ° ° ° ° ° °
US/BERMUDA ° ° 2 896 ° ° ° °
US/CANADA 5 537 6 1,345 9 232 10 1,233
US/COLOMBIA 1 305 ° ° ° ° ° °
US/FRANCE 9 a4 ° ° 14 24,269 ° °
US/GERMANY (WEST) 1 159 ° ° 1 1 ° °
US/HONG KONG ° ° 1 1,933 ° ° ° °
US/JAPAN 1 155 1 4,068 ° ° 2 3,130
US/MEX1CO ° ° 4 80 ° ° ° °
US/NETHERLANDS 1 a4 1 103 ° ° ° °
US/NETHERLANDS ANTILLES ° ° 7 822 ° ° ° °
US/PANAMA ° ° 2 173 ° ° ° °
US/SAUDI ARABIA 2 41,152 ° ° ° ° ° °
US/SWITZERLAND 12 2,513 5 2.589 ° ° ° °
US/UNITED KINGDOM 40 2,602 18 2,443 10 893 9 318
US/VENEZUELA ° ° ° ° 1 296 ° °

SUBTOTAL 2/ 75 7,532 aq 33,452 35 -22,685 24 4,681
TOTAL ALL

LAND DISPOSITIONS tat | 24,392 64 62,897 73 45,672 27 7,337

4/ TOTAL INTERESTS EXCLUDING U.S
2/ TOTAL INTERESTS OF U.S. CORPO!

42

CORPORATIONS WITH FOREIGN SHAREHOLDERS.
ATIONS WITH FOREIGN SHAREHOLDERS.



TABLE 8--U.S. AGRICULTURAL LANDHOLDINGS BY COUNTRY OF FOREIGN OWNER,

DECEMBER 31, 1989
(NUMBER)

COUNTRY OWNERS PARCELS ACRES
ARGENTINA 35 at 13,030
AUSTRALIA 14 18 :
AUSTRIA 53 79 56
BAHAMAS i 32 a7 92/734
BAHRAIN i 5 5
BELGIUM at cab 62,871
BELIZE 4 6 549
BERMUDA a8 62 73,384
BOLIVIA 2 2 14
BRAZIL 4 7 1,621
BRITISH VIRGIN ISLANDS 30 45 48,914
CANADA 1,683 2,099 1,658,398
CAYMAN ISLANDS, 46 53 23,529
CHILE 5 5 1,556
CHINA 6 7 496
COLOMBIA 32 37 8,735
COSTA RICA 9 13 15,579
CUBA 2 2 20
CZECHOSLOVAKIA 4 5 485
DENMARK 19 23 , 9.706
DOMINICAN REPUBLIC 4 12 2.129
ECUADOR 24 34 1,040
EGYPT 13 15 2.134
EL SALVADOR 4 5 309
FRANCE 14a 172 87,518
GAMBIA 1 1 294
GERMANY (WEST) 1,096 1,680 739.657
GREECE 18 21 87,423
GUATEMALA 9 "1 aaa
GUYANA “4 1 35
HONDURAS 4 a 892
HONG KONG 63 94 17,794
HUNGARY | 1 2 110
INDIA 12 14 1,688
INDONESIA 3 5 B04
IRAN 28 at 3,961
IRAQ 1 1 11140
IRELAND 13 19 11,126
ISRAEL 6 6 991
ITALY 27 at 82,418
IVORY COAST 1 4 119
UAMAICA 3 3 1,624
UAPAN 62 80 171,330
JORDAN 18 25 2,392
KAMPUCHEA 1 1 34
KOREA (SOUTH) 5 5 585
KUWAIT 7 8 1,568
Laos 1 1 31
LEBANON 34 46 13,147
LIBERIA 22 29 33,513
LIBYAN ARAB REPUBLIC 1 2 302
LIECHTENSTEIN 119 158 181,100
LUXEMBOURG 7 10 6.485
MALAYSIA 4 8 T1948
MEXICO 216 287 161,028
MONTSERRAT 1 1 145
Morocco 2 6 17,035
NAMIBIA 1 2 106
NETHERLANDS amt 716 126,334
NETHERLANDS ANTILLES 365 467 385,229
NEW ZEALAND 2 2 350
NICARAGUA 3 4 1,378
NIGERIA 1 1 14
NORWAY at 2t 5,526
OMAN 2 5 454
PAKISTAN 7 9 2,174
PANAMA 154 221 200,797
PERU 19 20 281
PHILIPPINES. a4 43 3,687
POLAND 1 1 147
PORTUGAL 4 s 816
ST VINCENT 2 4 2.637
SAUDI ARABIA a2 60 39.877
SINGAPORE 6 6 1oas
SOUTH AFRICA 4 5 1,698
SOUTHERN RHODESIA 4 1 230
SPAIN 15 15 1,998
SWEDEN 24 30 6.972
SWITZERLAND 348 458 215/529
SYRIA 7 10 4,847
TAIWAN 26 31 6,948
TANZANTA 2 2 10,143
THAILAND: 2 4 240
TRINIDAD & TOBAGO 4 4 134
TURKEY 2 2 558
TURKS ISLANDS 8 12 3,192
UNITED ARAB EMIRATES 9 14 3,019
UNITED KINGDOM 248 331 294,790
URUGUAY 6 8 11,370
U.S.S.R. 2 5 Bat

CONTINUED-~



TABLE 24--FOREIGN OWNERSH]

IP OF U.S. AGRICULTURAL LAND ACQUISITIONS BY U.S. REGION,

JUANUARY 1 - DECEMBER 31, 1989
(NUMBER )
souTt West NORTHEAST NORTH CENTRAL
COUNTRY
parcets | |acres | Parcels | ACRES | PARCELS | ACRES | PARCELS | ACRES
REPORTED REPORTED REPORTED REPORTED

AUSTRALIA ° ° 1 62 ° °. ° °
AUSTRIA 1 1 ° ° ° ° ° °
BAHAMAS 1 652 ° ° ° ° ° °
BERMUDA ° ° ° ° 1 20 ° °
BRITISH VIRGIN ISLANDS 1 130 ° ° ° ° ° °
CANADA 6 883 2 826 13 85,330 1 6,580
CAYMAN TSLANDS 1 102 ° ° ° ° ° °
CHINA 1 11 ° ° ° ° ° °
COLOMBIA 1 38 ° ° °. ° ° °
EL SALVADOR 1 7A ° ° ° ° ° °
FRANCE 4 171 2 17 1 204 ° °
GERMANY (WEST) 16 8,061 2 13,344 1 231 9 1,886
UAPAN 3 389 4 7,334 ° ° 2 6,696
YORDAN 1 38 ° ° ° ° ° °
LIBERIA ° ° 1 320 ° ° ° °
LIECHTENSTEIN 1 1.364 ° ° ° ° ° °
MEXICO 1 1,638 ° . 0 ° ° ° °
NETHERLANDS ° ° 1 1,069 ° ° ° °
NETHERLANDS ANTILLES 6 1,142 ° ° ° ° ° °
NICARAGUA 1 30 ° ° ° ° ° °
PHILIPPINES ° ° 4 454 ° ° ° °
SAUDI ARABIA 2 3,198 ° ° 1 3,628 ° °
SWEDEN 1 247 ° ° ° ° 1 80
SWITZERLAND 9 1,759 2 5,750 1 462 4 100
UNITED KINGDOM 2 438 1 264 3 5.407 2 314
U.S.S.R. ° ° ° ° 1 30 ° °
MULTIPLE 2 134 ° ° o° ° ° °
THIRD TIER 1 785 ° ° ° ° ° °

SUBTOTAL 4/ 63 +249 24 29,494 22 © 95,372 16 656
US/BAHAMAS ° ° 1 400 ° ° ° °
US/BERMUDA 2 435 ° ° ° ° ° °
US/BRAZIL 2 118 ° ° ° ° 7 1,164
US/CANADA 10 17,940 2 10,017 3 2,629 4 902
US/CHINA 3 131553 ° ° ° ° ° °
US/COLOMBIA 3 4,146 ° ° ° ° ° °
US/EL SALVADOR 3 at ° ° ° ° ° °
US/FRANCE 16 2,540 5 587 4 19,434 3 769
US/GERMANY (WEST ) 1 aag 2 212 ° ° 1 5
US/HONG KONG 9 ° 5 10,246 ° ° ° °
US/ITALY ° ° ° ° 1 666 ° °
US/JAPAN 8 2.278 13 18,825 3 1,434 5 182
US/LIECHTENSTEIN ° ° 1 104 ° ° ° °
US/MEXICO ° ° 3 627 ° ° ° °
US/NETHERLANDS 6 2,229 4 169 ° ° 3 4,154
US/NETHERLANDS ANTILLES 2 4.152 ° ° ° ° ° °
US/PANAMA 1 2.314 ° ° ° ° ° °
US/SOUTH AFRICA 2 1,095 ° ° ° ° ° °
US/SPAIN ° ° ° ° ° ° 1 50
US/SWITZERLAND 3 1,585 5 6,803 ° ° ° °
US/TAIWAN 1 553 ° ° ° ° ° °
US/UNITED ARAB EMIRATES 3 342 ° 9 ° ° ° °
US/UNITED KINGDOM 33 11,238 3 473 2 50 3 1,630

SUBTOTAL 2/ 96 | 62,439 41 48,463 139 24,249 27
TOTAL ALL

LAND ACQUISITIONS 1s9 | 83,688 65 77,987 35 119,585

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

2/

TOTAL INTERESTS OF U.S.

coRP

32

ORATIONS WITH FOREIGN SHAREHOLDERS.



List of Tables

Table
1. U.S agricultural landholdings of foreign owners by
State, December 31, 1989 . . 2. 2. 6 2 «© © es ee ew we we we
2. U.S. agricultural landholdings by type of foreign
owner, December 31, 1989 . . 2... 2 e+ 6 se ee we eee
3. Foreign owners of U.S. agricultural landholdings by
State, December 31, 1989 . . 2. 2. 6. 2 ee ee we ew we we
4. Foreign-owned U.S. agricultural landholdings by size of
holding, December 31, 1989... . 2. 6 e+ e+ ee ee eee
5. Value of U.S. agricultural landholdings by type of
foreign owner, December 31, 1989... ..-.+.-+ eee
6. Value of foreign-owned U.S. agricultural landholdings
by date of acquisition, December 31, 1989 .......
7. Value of foreign-owned U.S. agricultural landholdings
by State, December 31, 1989 ..... . 2. eee we ee
8. U.S. agricultural landholdings by country of foreign
owner, December 31, 1989 . . . 2 2 ee © we ee we ew eee
9. Foreign ownership of U.S. agricultural landholdings by
U.S. region, December 31, 1989 . ..... 2... 2.2 eae
10. Foreign-owned U.S. agricultural] landholdings by type of
interest, method of acquisition, and owner-
representative, December 31, 1989 ..... 2. 2. we eee
11. Use of U.S. agricultural landholdings by country of
foreign owner, December 31, 1989. 2. 2. ww ew ew we eee
12. U.S. forest and other nonagricultural landholdings of
foreign owners by State, December 31, 1989 .......
13. U.S. forest and other nonagricultural landholdings by
country of foreign owner, December 31, 1989 ......
14. U.S. forest and other nonagricultural landholdings by
type of foreign owner, December 31, 1989 ........
15. -Foreign-owned U.S. forest and other nonagricultural
landholdings by size of holding, December 31, 1989 .. .
16. Intended use of U.S. agricultural landholdings of
foreign owners, December 31, 1989 .......-24.-.
17. Tenure of foreign-owned U.S. agricultural landholdings,

December 31, 1989 . 2. 2. 6 2 2 ee ew ew ew we ee we ee

Page

10

10

11

13

14

16

19

20

23

24

25

25

25

26


No change in intended use was reported for 93 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.
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.

Such reports do not necessarily

does not ask how many acres will be involved.
ing 2 percent of the acres did not indicate intended use.

Reports

However, the report form

represent-

TABLE 14--U.S. FOREST AND OTHER NONAGRICULTURAL LANDHOLDINGS
BY TYPE OF FOREIGN OWNER, DECEMBER 31, 1989
(NUMBER)
PARCELS WITH ACREAGE
OWNER OWNERS PARCELS ACRES PARTIAL EQUIVALENT 2/
INTERESTS 1/
INDIVIDUAL 308 363 107,637 29 106,668
CORPORATION 298 1,206 5,244,600 54 4,658,024
PARTNERSHIP 8B 140 197,917 20 194,087
ESTATE 2 2 1,614 ° 1,641
TRUST 20 30 20,783 ° 20,783
OTHER 4 5 865 ° B65.
TOTAL 720 1,746 5,573,413 103 4,982,038
4/ PARCELS WITH PARTIAL INTERESTS ARE THOSE PARCELS WHICH ARE OWNED ONLY

IN PART BY THE FOREIGN INVESTOR;

100 PERCENT.

2/ ‘ACREAGE
THE PERCENTAGE

TABLE 1G6--INTENDED USE OF U.S.

TABLE 15

THAT IS,

FOREIGN-OWNED U.S.

OTHER NONAGRICULTURAL LANDHOLDINGS

FOREST AND

BY SIZE OF HOLDING, DECEMBER 31, 1989
SIZE OWNERS PARCELS ACRES
(ACRES) (NUMBER ) (NUMBER) (NUMBER )
LESS THAN 20 88 91 980
20-59 144 145 4,798
60-99 55 63 4,286
100-299 148 188 25,365
300-399 137 220 78,431
1000 OR MORE 151 1,039 5,459,553
TOTAL 720 1,746 5,573,413

DECEMBER 31, 1989

A PERCENTAGE INTEREST LESS THAN

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

AGRICULTURAL LANDHOLDINGS OF FOREIGN OWNERS

(NUMBER )
ITEM NO CHANGE OTHER OTHER NON- NOT TOTAL
AGRICULTURE | AGRICULTURE| REPORTED

INDIVIDUAL:

PARCELS REPORTED 4,008 176 60 4,418

ACRES 882,677 62,940 7,656 974,124
ORGANIZATION:

PARCELS REPORTED 7,129 398 157 8,898

ACRES 11,063,796 230,405 195,273 11,901,380

“TOTAL:
PARCELS REPORTED 1,137 S74 1,388 217 13,316
ACRES 11,946,473 293,345 432,757 202,929 12,875,504

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, 1989

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 (1,000
(NUMBER ) REPORTED DOLLARS)
(NUMBER )
1989 302 305,739 174,844 456,552 130,895 63,818
1988 574 1,177,249 821,739 614,099 355,510 159,663
1987 497 541,803 423,675 313,790 118,128 83,744
1986 616 1,849,279 1,614,717 376,677 237,562 172,798
1985 390 396,875 248,369 330,200 148,506 58,573
1984 562 1,148,122 1,023,981 623,418 124,141 214,413
1983 650 392,726 364,867 597,441 27,859 22,668
1982 852 746,727 402,474 606,335 344,253 84,716
1981 1,258 988,882 686,238 919,703 302,644 101,919
1980 1,249 710,885 677,385 1,017,819 33,500 75,899
1979 1,598 978,239 926,007 1,298,662 52,232 88,072
1978 1,222 562,714 553,894 700,500 8,820 8,824
1977 “ B26 402,162 390,058 379,944 12,104 6,407
1976 486 467,525 388,027 218,247 79,498 10,705
1975 293 209,978 206,928 104,193 3,050 1,631
1974-70 951 486,487 436,723 316,842 49,764 13,101
1969-60 640 792,745 694,741 79,576 98,004 8,270
BEFORE 1960 340 694,893 591,238 37,154 103,655 4,139
NO REPORT 10 22,474 22.474 12,719 ° °
TOTAL 13,316 12,875,504 10,645,379 9,003,871 2,230,125 179,360
ACRES REPORTED ADJUSTED
WITH CURRENT CURRENT
CURRENT _ VALUE 2/ VALUE 3/
VALUE (4,000 (4,000
REPORTED DOLLARS) DOLLARS)
(NUMBER )
1989 305,739 520,520 520,520
1988 1,177,249 777,655 800,985
1987 541,803 AO3, 161 435,414
1986 1,849,279 650,334 682,851
1985 396.837 396,586 372.7914
1984 1,147,917 838,758 696,169
1983 391,318 626,599 482,481
1982 744,801 740,841 555,631
1981 980,885 1,044,504 741,598
1980 614,990 899,360 674,520
1979 884,300 1,189,911 999,525
1978 476,022 672,921 565,254
1977 284,690 570,486 479,208
1976 405,747 261,054 219,285
1975 145,972 136,004 114,243
1974-70 336,749 401,477 337,241
1969-60 432,767 200,635 168,533
BEFORE 1960 656,641 107,308 90,139
NO REPORT 22,314 23,708 19,915
TOTAL 11,796,020 10,461,822 8,956,302

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

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

3/ REPORTED CURRENT VALUE ADJUSTED TO FEBRUARY 1, 1989. REPORTED CURRENT VALUE
FOR HOLDINGS ACQUIRED IN 1989 IS UNADJUSTED.

11


TABLE 9--FOREIGN OWNERSHIP OF U.S.
DECEMBER 31,

AGRICULTURAL LANDHOLDINGS BY U.S.
1989--CONTINUED

REGION,

(NUMBER)

souTH (WEST NORTHEAST NORTH CENTRAL

COUNTRY

parcets | acres | parcets | acres | parcets | acres | parcets | acres
uRUGUAY 1 1,552 2 320 ° ° 5 9.498
U.S.S.R. 1 80 4 761 ° °
VENEZUELA 105 10,825 4 837 25 4,178 4 2,696
VIETNAM 1 152 ° ° ° ° ° °
YUGOSLAVIA 1 86a 1 1 ° ° 4 160
MULTIPLE a4 7,834 25 1,159 4 1,988 1 208
THIRD TIER 12 61267 9 42,650 ° ° 4 12,594

SUBTOTAL 1/ 3.432 1,699,689 2.418 1,506,088 1,920 1,994,851 1,097 487,222
US/ANDORRA ° ° 1 3,744 ° ° ° °
US/ARGENTINA 2 580 ° ° ° ° 4 3,675
US/AUSTRALIA 3 676 1 37 2 125 3 642
US/AUSTRIA 9 5.542 3 13,710 1 42 ° °
US/BAHAMAS 12 25,506 17 33,775 4 4,179 6 5.407
US/BARBADOS ° ° 1 44 ° ° ° °
US/BELGIUM 36 29,077 5S 35,417 4 125 34 6.881
US/BERMUDA 53-28 968 6 7,998 9 1,915 3 430
US/BRAZIL 8 6.520 ° ° ° ° 33 6,691
US/BRITISH VIRGIN :

TSLANDS, 6 2,808 2 480 ° ° ° °
US/CANADA 499 371,689 923° 221,943 85 433,792 126 357,405"
US/CAYMAN ISLANDS 16 8.083 7 “321642 1 250 1 70
US/CHILE ° ° 3 91929 ° ° ° °
US/CHINA 4 44,004 1 322 ° ° ° °
US/COLOMBIA 9 9.994 ° ° 1 160 ° °
US/DENMARK 3 998 5 5.636 ° ° 1 127
US/ECUADOR 2 1,549 ° ° ° ° ° °
us/EGYPT 8 titta 3 249 ° ° ° °
US/EL SALVADOR a 493 ° ° ° ° ° °
US/F INLAND " 3.047 ° ° ° ° ° °
US/FRANCE 219 181,422 aa 8,508 48 - 621,328 21 16,833
US/GERMANY (WEST) 233 144,672 38 229,441 49° 13.781 52 -28.897
US/GREECE 2 11715 2 4,957 1 145 2 244
US/GUATEMALA 3 412 ° ° ° ° ° °
US/GUYANA 2 334 ° ° ° ° ° °
US/HONOURAS 1 37 ° ° ° ° ° °
US/HONG KONG 3 4,948 17 122,882 ° ° ° °
US/ INDONESIA 1 197 ° ° ° ° ° °
US/TRAN 5 1,290 4 1,012 ° ° ° °
USs/TRAO ° ° 2 360 ° ° ° °
US/TRELANO 8 2,984 ° ° ° ° ° °
US/TTALY 12 10.299 1 160 6 1,469 2 391
US/JAPAN 51 17.801 58 90,911 8 4892 60 10,030
US/KENYA 1 32 ° ° ° ° ° °
US/KOREA (SOUTH) ° ° 1 75 ° ° ° °
US/KUWATT 5 aoa 4 6.066 1 772 3 296
US/LEBANON 4 550 ° ° 2 183 ° °
US/LIBERIA 9 5,120 3 17,973 7 6,852 ° °
US/LIBYAN ARAB REPUBLIC ° ° 3 280 ° ° ° °
US/LIECHTENSTEIN 33° (23,153 46 21,320 4 760 13 7,003
US/LUXEMBOURG 4 9.792 15 222,241 1 94 4 784
US/MALAYSIA ° ° 1 300 ° ° ° °
US/MEXICO 28 © 36,921 22 © 132,167 ° ° ° °
US/NETHERLANDS 148 074.464 158 226,305 18 2.980 273 36,661
US/NETHERLANDS ANTILLES 132 189,721 31 29,578 5 11380 26 8,836
US/NEW HEBRIDES 1 21108 1 883 ° ° ° °
US/NEW ZEALAND 3 594 ° ° ° . 0 ° °
US/NICARAGUA 2 282 ° ° ° ° ° °
US/NORWAY 7 8.161 ° ° 2 172 ° °
US/PANAMA 51 35.505, 26 84,252 12 4,368 12 3,972
US/PHILIPPINES 3 11225 2 223 1 631 ° °
US/PORTUGAL, 2 1,683 ° ° ° ° ° °
US/OATAR 1 219 ° ° ° ° ° °
US/SAUDT ARABIA 45 17,383 ° ° ° ° 9 1,388
US/SOUTH AFRICA 4 aoa ° ° ° ° ° °
US/SPAIN 2 252 3 2.320 2 1,548 1 50
US/SWEDEN 5 2,405 ° ° 4 107 5 912
US/SWITZERLAND 187 154077 106 67, 196 27° 40,721 55 19,267
US/TAIWAN 3 689 40 6.665 ° ° 1 3,224
US/THATLAND ° ° 3 252 ° ° ° °
US/TRINIDAD & TOBAGO 1 20 ° ° ° ° ° °
US/TURKEY 2 4a3 ° ° ° ° ° °
US/UNITED ARAB EMIRATES 11 2,108 ° ° ° ° ° °
US/UNITED KINGDOM 375 961,364 136 1,287,889 79 47,003 204 130,669
US/URUGUAY 1 578 ° ° ° ° 1 40
US/VENEZUELA 45 36,032 1 1,500 6 548 ° °
US/MULTIPLE 330041175 12 8,378 4 17,609 18, 142,614
US/THIRD TIER 132 -3821433 8 3.431 ° ° 3 1.008

SUBTOTAL 2/ 2.512 2,841,740 1,172 2,943,746 392 1,207,781 973 794,387
TOTAL ALL

LANDHOLDINGS 5.944 4,541,429 3,590 4,449,834 1,712 2,602,632 2.070 1,281,609

4/ TOTAL INTERESTS EXCLUDING U.S.

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

17

CORPORATIONS WITH FOREIGN SHAREHOLDERS.


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

AGRICULTURAL LANDHOLDINGS

BY STATE, DECEMBER 31, 1989

ACRES REPORTED ADJUSTED

REPORTED WITH CURRENT CURRENT

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

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

DOLLARS) REPORTED DOLLARS) DOLLARS)

(NUMBER )

ALABAMA 298,756 152,731 291,305 192,564 199,826
ALASKA AIG 255 416 255 185
ARIZONA 271,197 350,788 197,281 341,885 279,037
ARKANSAS 182,658 180,311 178,227 183,358 141,405
CALIFORNIA 942,821 1,899,628 876,363 1,875,089 1,817,138
COLORADO 535,139 348,174 498,420 318,445 276,044
CONNECTICUT 1,120 5.386 1,011 4,467 7,795
DELAWARE 6,211 18,949 5,934 17,295 19,759
FLORIDA 558,129 1,136,775 534,367 1,250,508 1,431,784
GEORGIA 576,047 560,518 541,604 591,066 597,904
GUAM 336 2,389 ° ° °
HAWAII 106,559 329,458 106,264 328,527 325,257
IDAHO 18,796 7,267 17,982 8,039 6,624
ILLINOIS 121,622 234,101 117,545 238,916 168,547
INDIANA 45,730 67,580 37,187 62,570 44,138
IOWA 31,662 48,350 29,719 52,376 30,552
KANSAS 78,029 41,1714 75,341 41,985 30,001
KENTUCKY BA,443 197,001 76,949 194,368 177,110
LOUISIANA 679,634 177,852 656,913 223,412 165,394
MAINE 2,067,155 244,025 1,996,595 234,171 354,893
MARYLAND 51,210 139,163 AT ,787 150,254 164,629
MASSACHUSETTS 1,934 1.431 1,749 1,144 2.227
MICHIGAN 200.676 70.647 198.755 62.784 46,943
MINNESOTA 230,808 26,070 89,041 22,266 16,648
MISSISSIPPI 442,365 164,606 436,916 197,011 175,770
MISSOURI 59,848 69,742 55.041 85,803 63,736
MONTANA 487.812 73,752 455,343 75,730 52,114
NEBRASKA 76,265 12,719 73,985 23,507 14,939
NEVADA 156,465 17,531 156,385 19,027 18,485
NEW HAMPSHIRE 16,230 6,415 15,209 5,752 10,266
NEW JERSEY 27,024 135,135 23,363 128,316 303,973
NEW MEXICO 742,164 74,270 583,362 80,305 76,494
NEW YORK 267,170 131,389 260,183 3,170 122,712
NORTH CAROLINA 249,484 245,342 237,778 302,573 293,470
NORTH DAKOTA 30,926 5,604 28,512 8,634 6,809
OHIO 169.560 173,912 148 682 179,574 124,953
OKLAHOMA 31,375 21,820 30,910 23,783 18,539
OREGON 647,497 163,163 612,638 180,867 141,195
PENNSYLVANIA 73,498 36,886 71,864 42,058 56,845
PUERTO RICO 839 696 839 938 749
SOUTH CAROLINA 198,023 177,417 187,635 164,958 175,739
SOUTH DAKOTA 42,901 15,335 37,882 14,979 9,407
TENNESSEE 170,295 82,198 165,139 17,031 82,040
TEXAS. 1,049,637 1,688,074 933,014 1,650,857 4,561,965
UTAH 61.710 69,561 38,889 125,235 114,234
VERMONT 91,080 84,188 87,072 89,478 142,436
VIRGINIA 115,583 214,250 91,284 191,576 221,176
WASHINGTON 378,527 195,904 344,564 227,431 213,480
WEST VIRGINIA 74,156 30,891 73,577 30,682
WISCONSIN 23,287 29,652 20,047 21,166
WYOMING 100,395 22,759 49,155 13,959
TOTAL 12,875,504 10, 183,231 10,461,822 10,371,174

11,796,020

4/ 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,
3/ REPORTED CURRENT VALUE ADJUSTED TO FEBRUARY 1,

HOLDINGS ACQUIRED IN

1989 IS UNADJUSTED.

13

1989.

1979,

REPORTED CURRENT VALUE FOR


Tenure

Tenants and foreign owners operate 40 percent and 26 percent of
the parcels of foreign;held U.S. agricultural land, respectively,
whereas managers operate only 9 percent of the parcels (table
17). No responses to the tenure question were received for the
remaining 25 percent of ‘the parcels. However, tenants operate

25 percent of the acres, while foreign owners directly operate 42

percent and managers 9
received for the remai

Rental agreements were
covering 23 percent of
agreements accounted f
34 percent of the parc

Tenure Change

No tenure changes were
45 percent of the acre:
the parcels containing)
tenure arrangement on
affected by the new te
the acreage may be ove

parcels are not necess

Nevertheless, reports
for 0.4 percent of the
arrangements would rem
responses on tenure cH

parcels containing 29

percent. No responses on tenure were
ning 24 percent of the acres.

reported for 4,955 parcels, or 37 percent,
the acres. Of the rental agreements, cash
ig 64 percent and cropshare agreements for
is.

reported for 45 percent of the parcels, or
Ss (table 17). Reports for 29 percent of

26 percent of the acres indicate a new

at least part of the land. The acreage
nure arrangements is not reported. Thus,
rstated; that is, all of the acres in these
arily affected by new tenure arrangements.
for 0.3 percent of the parcels, accounting
acres, indicated that some of the tenure
iain the same and some would change. No
anges were received for 26 percent of the
jpercent of the acres.

TABLE 17--TENURE OF FOREIGN-OWNED

Ul.

S. AGRICULTURAL LANDHOLDINGS,

DECEMBER 31, 1989
(NUMBER )
rknure PARCELS ACRES
|
current: |
FOREIGN OWNER 3,508 5,370,320
MANAGER 1,202 1,013,137
TENANT| 5,295 3,304,547
NO REPORT 3,300 3,177,533
sore 13,316 12,875,504
RENTAL:
cROP 1,697 605,816
CASH 3,180 2,266,162
BOTH 78 85.844
NO REPORT 4,853 4,547,362
NOT ApPUTCABLe 3,508 5,370,320
TOTAL 13,316 12,875,504
INTENDED CHANGE:
NONE . 5,995 5,820,850
NEW 3,840 3,280,094
BOTH at 52,596
NO REPORT 3,440 3,721,964
ror. 13,316 12,875,504

26



company owns various percentage interests in 859,356 acres,
another company owns 225, 229 acres, and the other two companies,
accounting for 810,225 acres, are U.S. corporations in which
there are substantial |foreign interests.

Hawaii, Louisiana, Oregon, 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 jof foreign-owned acreage, 1,049,637 acres,
but only 0.7 percent of the privately owned agricultural land in

Texas.

Characteristics of Foreign Owners

Type of Foreign Owner, Individuals are the most common type of
owner. They account for 42 percent of the owners, followed by
corporations, 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 52 percent of the parcels and 81 percent of the
acreage; individuals, |33 percent of the parcels and 7 percent of
the acreage; partnerships, 12 percent of the parcels and 10
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+ towned acreage drops from 12.9 million acres
to 11.9 million, but distribution among the types of owners
remains virtually the] same.

Corporate-held parcels average 1,510 acres, or 3,308 acres per
holder, while individual- -held parcels average 220 acres, or 288
acres per holder. Partnership holdings average 774 acres per
parcel, or 1,063 acres per holder, and all other holdings average

557 acres per parcel,|or 712 acres per holder.

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

DECEMBER 31, 1989
(NUMBER)
PARCELS WITH ACREAGE
OWNER OWNERS PARCELS ACRES PARTIAL

INTERESTS 1/ EQUIVALENT 2/
INDIVIDUAL 3.378 4,418 974,124 267 894,954
CORPORATION 3, 159) 6,920 10,450,707 327 9,679,196
PARTNERSHIP 1, 169) 1,605 1,242,738 247 1,137,879
ESTATE 12) 15 2,782 2 2,741
TRUST 258 320 186; 255 8 181,657
INSTITUTION 3 3 1,075 1 4,015
ASSOCIATION 1 2 5,780 2 3,988
OTHER 18 33 12,043 ° 12,043
TOTAL 7,998 13,316 12,875,504 854 11,913,473

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





There are also notable holdings in Michigan, Minnesota, and New
York, accounting for another 10 percent of the acres.

Foreign persons from Canada own 36 percent of the foreign-owned
U.S. forest land or forest and other nonagricultural lands (table
13). Foreign persons from the United Kingdom and U.S./France
corporations own an additional 35 and 12 percent, respectively.

Individuals own 21 percent of the parcels and less than 2 percent
of the acres (table 14). Corporations reported holding 69
percent of the parcels, representing 94 percent of the acreage.
The remaining 10 percent of the parcels and 4 percent of the
acres are held by partnerships, trusts, estates, and others.

When partial interests are taken into account, the acreage
equivalent is 591,375 acres less than the acres for which reports
were filed.

Owners of parcels with less than 300 acres, 60 percent of all the
owners, own 28 percent of the parcels covering only 0.6 percent
of the forest land or forest and other nonagricultural land
(table 15). The remaining 40 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. Foreigners 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, 1989

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

ALABAMA 334 255,140] MISSOURI 12 2,845
ARIZONA 1 13] MONTANA 8 262
ARKANSAS 16 4,366|NEW HAMPSHIRE 18 13,714
CALIFORNIA 12 232,476|NEW JERSEY 2 262
COLORADO 5 3.143/NEW YORK 88 202,691
CONNECTICUT 2 B4|NORTH CAROLINA 60 47,162
FLORIDA 48 42,574] NORTH DAKOTA 1 272
GEORGIA 325 321,855]OHIO 18 1,418
HAWAII 2 289] OKLAHOMA 1 12
IDAHO a 186] OREGON 42 465,543
ILLINOIS 5 2,984 | PENNSYLVANIA 19 52,337
KANSAS 1 11] SOUTH CAROLINA 72 444,574
KENTUCKY 12 29,273] TENNESSEE 36 130,044
LOUISIANA 26 494 ,255|TEXAS 24 10,751
MAINE 98 2,051,883] VERMONT 133 52,913
MARYLAND 4 364] VIRGINIA 59 17,176
MASSACHUSETTS 4 1,444] WASHINGTON 104 285,687
MICHIGAN 27 181, 158|WEST VIRGINIA 25 62,899
MINNESOTA a7 189,934 |WISCONSIN 8 1,475
MISSISSIPPI 49 300,247

TOTAL 1,746 5,573,413

23


TABLE 11--USE OF U.S.

JAGRICULTURAL LANOHOLOINGS BY COUNTRY OF FOREIGN OWNER,

DECEMBER 31, 1989
(ACRES)
country crorAno | pasture | Forest omer orien non- | rorat
AGRICULTURE | AGRICULTURE

ARGENTINA 3,382 8,458. 752 169 269 13.030
AUSTRALIA iose 516 535 286 419 alata
AUSTRIA 341968 2.605 17,358 651 ses 86.170
BAHAMAS 191868 alea2 7408 2,172 2.449 32,734
BAHRAIN 549 20 o ° 4 353
BELGIUM 4,710 53,477 1,592 1,620 1,472 62.871
BELIZE 25 235 232 55 2 549
BERMUDA 6.323 16,691 47,249 1,274 1.877 73,384
BOLIVIA 10 ° ° a ° 41
BRAZIL 385 203 35 434 467 1,621
BRITISH VIRGIN ISLANDS 5.794 19,985 20,343 2,606 186 48,914
CANADA 178.627 177.336 1,172,743 37,648 92,044 1,658,398
CAYMAN ISLANDS 12,690 5,377 2,923 1,875 664 239,529
CHILE 452 434 430 240 ° 41556
CHINA 182 70 27 168 43 496
coLomara f 138 7,122 37 316 122 8,735
Costa RICA § 1589 41150 100 4,187 3,553 15,579
CUBA s O° 3 12 ° 20
CZECHOSLOVAKIA 287 153 20 30 15 485
DENMARK 6.431 623 2,042 118 492 9,706
DOMINICAN REPUBLIC 21008 ° ° 1 120 21129
ECUADOR "207 92 ° 676 6s 1,040
EGYPT 401 922 384 379 48 2lisa
EL SALVADOR | 37 74 129 ° 49 309
FRANCE 27.274 22,082 7.229 23,118 7.015 87,518
GAMBIA 204 ° ° ° 294
-GERMANY (WEST) 347,380 123,698 203,860 29,147 35,572 739,657
GREECE i aa2 55,651 174 10 106 87.429
GUATEMALA 158 201 475 a5 275 aaa
GUYANA ° ° ° 35 ° 35
HONDURAS 815 7 ° 60 ° 892
HONG KONG - 2,833 3,913 4,189 5,934 922 17,791
HUNGARY Q ° ° 103 410
INDIA 349 70 840 Aot 28 1,688
INDONESIA 150 312 6 283 53 804
IRAN 1,323 542 531 129 1,436 3,961
IRAQ ° ° ° 41440 41140
IRELAND 1,487 7,079 20 24 2,516 11,126
ISRAEL 350 255 tas 129 16 991
ITALY 29,027 24,092 7,262 8,479 13,558 82,418
IVORY COAST ° ° 80 39 ° 119
UAMATCA ° 201 200 17 513 1,621
UAPAN 21,126 191,364 1,785 13,248 3.810 1741330
JORDAN: j 324 775 255 129 912 2,392
KAMPUCHEA 27 ° ° ° 4 34
KOREA (SOUTH) 115 68 253 at 8 sas
KUWAIT 707 458 125 67 ant 1,568
Laas ° 16 10 5 ° 34
LEBANON 4,490 3,837 1,789 1,727 1,304 13,147
LIBERIA 694 23/022 41208 320 sii79 33,513
LIBYAN ARAG_ REPUBLIC ° 15 0 ° 287 302
LIECHTENSTEIN 140,698 29,777 18,198 14,736 7.694 181, 100,
LUXEMBOURG 21218 712 2.610 632 313 61485
MALAYSIA 41735 6.214 ° ° 2 Tieaa
MEXICO 9,976 126,047 2,815 3,507 8,683 161,028
MONTSERRAT 63 40 40 ° 2 145
moROCcCO 2.322 14,091 oO 482 140 17,035
NAMIBIA 102 ° ° ° 4 106
NETHERLANDS 48,340 38,037 10,845 17,895 11,217 126,334
NETHERLANDS ANTILLES 1701240 781836 531137 591984 2al032 985,229
NEW. ZEALAND 160 95 ° ° 3 350
NICARAGUA ° 970 248 50 100 1,978
NIGERIA ° ° ° ° 14 14
NORWAY 4,220 507 20 204 515 5.526
OMAN 120 126 126 43 39 434
PAKISTAN 2,198 ° ° ° 33 2.474
PANAMA 91819 91,082 18,877 15,882 24,943 200.797
PERU 124 13 2 90 35 281
PHILIPPINES: 995 832 228 987 645 3,687
POLAND | . 72 25 50 ° ° 147
PORTUGAL 497 102 200 ° 17 ate
ST VINCENT . 295 1,230 1,042 10° 60 2.637
SAUDI ARABIA 5.403 71306 2lia4 9,083 S.944 39.877
SINGAPORE oO abe ° 34 1,048
SOUTH AFRICA 207 4,307 ° 164 20 tleg8
SOUTHERN RHODESIA 134 30 67 ° 2 230
SPAIN 305 1,158 233 178 124 1,998
SWEDEN 2,780 889 4,287 1,207 209 61972
SWITZERLAND 58,687 103,827 20,543 8,257 24,215 215,529
SYRIA 21819 808 133 370 17 4.847
TAIWAN 31253 1,149 1,018 234 4,234 6io4a
TANZANIA 51000 35 ° 170 ale38 tO, 143
THATLAND 113 120 7 ° ° 240
TRINIDAD & TOBAGO 24 30 35 ° 42 194
TURKEY 159 2a3 °. 116 ° 558
TURKS ISLANOS 2,390 391 167 172 72 3,192
UNITED ARAB EMIRATES 407 550 100 1,940 22 slots
UNITED KINGDOM 73,924 114,167 83,307 15,094 8,301 294,790

CONTINUED =~

20



Table

34.

35.

36.

37.

38.

39.

40.

Dispositions of U.S. agricultural land by. foreign
owners, by citizenship of purchasers, January 1-
December 31, 1989 . .. 2. 2. 2 2 ee ee we ee ee

Dispositions of U.S. agricultural land by type of
foreign owner, January 1-December 31, 1989 ......

Dispositions of foreign-owned U.S. agricultural land by
size of disposition, January 1-December 31, 1989...

Dispositions of U.S. agricultural land by country of
foreign owner, January 1-December 31, 1989... 2 2:

Dispositions of U.S. agricultural land by country of
foreign owner, by U.S. region, January 1-
December 31, 1989 ..... 2... 2. 2 eee ee ewe

Dispositions of U.S. agricultural land by country of
foreign owner, by use, January 1-December 31, 1989 . .

Acquisitions and dispositions of foreign-

owned U.S. agricultural land, by date,
January 1981-December 1989 ..........2. 2448-4

vii

40

40

40

4l

42

43

44


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, 1989 ........

U.S. agricultural] land acquisitions by type of foreign
owner, January 1-December 31, 1989 ..........

Foreign owners of] U.S. agricultural land acquisitions
by State, January! 1-December 31, 1989 ........
Foreign-owned U.S. agricultural. land acquisitions by

size of acquisition, January 1-December 31, 1989...

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

foreign owner, January 1-December 31, 1989 ......

U.S. agricultural! land acquisitions by country of
foreign owner, January 1-December 31, 1989 ......

Foreign ownership of U.S. agricultural land acquisi-
tions by U.S. region, January 1-December 31, 1989 ..

Foreign-owned U.S. agricultural land acquisitions by
type of interest,| method of acquisition, and owner-
representative, January 1-December 31, 1989 .....

Use of U.S. agricultural land acquisitions by country
of foreign owner,| January 1-December 31, 1989 ....

U.S. forest and other nonagricultural land acqui-
sitions of foreign owners by State, January 1-
December 31, 1989 . . «2 ee 6 ew ee ee ew ee ew

U.S. forest and other nonagricultural land acqui-
sitions by country of foreign owner, January 1-

December 31, 1989 . . . 2. 2 © © © © © © ee ew ew ee

U.S. forest and other nonagricultural land acqui-
sitions by type of foreign owner, January 1-
December 31, 1989 . 2... 2 6 ee © ee we ee ee

Foreign acquisitions of U.S. forest and other
nonagricultural jana by size of acquisition,
January 1- December 31, 1989 2... ee eee ee eee

Intended use of U.S. agricultural land acquisitions of
foreign owners, January 1-December 31, 1989 .....

Tenure of foreign-owned U.S. agricultural land
acquisitions, January 1-December 31, 1989 .....%

Dispositions of U.S. agricultural land by type of
foreign owner, by State, January 1-December 31, 1989 .

vi

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 (65
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
35 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, 1989

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

ALABAMA 26 722 386 298,034
ALASKA ° ° 2 416
ARIZONA 32 11,923 198 259,274
ARKANSAS 78 41,943 108 140,715
CALIFORNIA 243 83,854 1,052 858,967
COLORADO 134 126,500 222 408 ,639
CONNECTICUT 6 308 14 Bi2
DELAWARE S 1,250 10 4,961
FLORIDA ai7y 27,589 825 530,840
GEORGIA q7t 62,637 639 513,410
GUAM ° ° 2 336
HAWALT 15 548 55 106,011
IDAHO 17 6,693 26 12, 103
ILLINOIS 50 11,296 320 110,326
INDIANA 33 5,445 125 40,285
TOWA 64 15,073 63 16,589
KANSAS. 26 B,414 77 69,615
KENTUCKY 40 7,902 153 76,541
LOUISIANA 15 27.739 127 651,895
MAINE 29 18,844 92 2,048,311
MARYLAND 53 10,013 135 41,197
MASSACHUSETTS 2 252 6 1,682
MICHIGAN ‘5S 5,266 72 195,410
MINNESOTA 35 17,052 107 213,756
MISSISSIPPI 7 993 228 441,372
MISSOURI 32 9,102 103 50,746
MONTANA 6B 39,669 94 448,143
NEBRASKA 9 2,703 at 73,562
NEVADA 3 94 20 156,371
NEW HAMPSHIRE “10 1,563 19 14,667
NEW JERSEY 12 1,292 85 25,732
NEW MEXICO 22 3,764 73 738,400
NEW YORK ait 50,898 180 246,272
NORTH CAROLINA 43 8,407 235 241,077
NORTH DAKOTA 40 11,432 28 19,494
OHIO 46 9,843 400 159,747
OKLAHOMA 8 1,032 58 30,343
OREGON 40 19.510 85 627,987
PENNSYLVANIA 28 2,450 84 71,048
PUERTO RICO 4 579 6 260
SOUTH CAROLINA 36 9,208 168 188,815
SOUTH DAKOTA 39 11,444 38 31,457
TENNESSEE 83 19,344 BO 150,951
TEXAS 618 167,555 1,122 882,082
UTAH 515 21,469 25 40,241
VERMONT 4aa7 31,438 184 59,642
VIRGINIA 128 25,167 249 90,4146
WASHINGTON 231 19,422 389 359, 105
WEST VIRGINIA 14 1,292 35 72,864
WISCONSIN 75 12,561 39 10,726
WYOMING 3 660 24 99,735

TOTAL A418 974,124 8,898 11,901,380



tenure was reported for 45 percent of the acres, while some
change was reported for 26 percent of the acres. No responses
regarding tenure change were received for the remaining 29
percent of the acres.

Foreign ownership of U.S. agricultural land has remained rela-
tively steady from 1981 through 1989--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 $371,000 for 1989.

ix


TABLE 8--U.S. AGRICULTURAL LANDHOLDINGS BY COUNTRY OF FOREIGN OWNER,
1959--CONTINUED

DECEMBER 31,

(SUMBER)
coUNTRY owners PARCELS ACRES
VENEZUELA st 135 18,176
VIETNAM 1 i 152
YUGOSLAVIA 3 3 1,024
MULTIPLE 52 cz) 511190
THIRD TIER 17 25 6tsit

SUBTOTAL 1/ 6,124 8.267 5,087,850
US/ANDORRA 1 1 3.744
US/ARGENTINA 3 6 4,255
US/AUSTRALIA 7 9 1.480
US/AUSTRIA 10 13 191264
US/BAHAMAS: 15 39 68,867
US/BARBADOS 1 1 at
US/BELGIUM 27 76 71,500
US/BERMUDA 18 1 38,711
US/BRAZIL 7 at 19,211
US/BRITISH VIRGIN.

ISLANOS 6 8 3,285
US/CANADA 263 1,093 1,984/829
US/CAYMAN ISLANDS 12 25 42,045
US/CHILE 1 3 9,929
US/CHTNA 3 5 14,326
US/COLOMBTA 7 10 10,154
US/DENMARK 8 9 6.761
US/ECUADOR 2 2 1,549
uUs/EGYPT 5 4 11963
US/EL SALVADOR 4 4 a93
US/FINLAND: 2 1 3,047
US/FRANCE 30 332 828,092
US/GERMANY (WEST) 208 372 416,731
US/GREECE 5 7 T1061
US/GUATEMALA 2 3 412
US/GUYANA 1 2 334
US/HONDURAS 1 4 37
US/HONG KONG 17 20 127,530
US/INDONESTA 1 1 197
US/IRAN 6 9 2,302
US/TRAG 1 2 960
US/IRELAND 5 8 2,984
US/ITALY 18 21 12,319
US/UAPAN 125 178 123/634
US/KENYA 1 1 ‘32
US/KOREA’ (SOUTH) 1 1 15
US/KUWALT 6 13 7,628
US/LEBANON 5 6 703
US/LIBERIA 15 419 29,945
US/LIBYAN ARAB REPUBLIC 2 3 280
US/LIECHTENSTEIN 83 96 52,236
US/LUXEMBOURG 22 31 232,911
US/MALAYSIA 4 1 30
US/MEXICO 36 50 169,088
US/NETHERLANDS 101 597 340,407
US/NETHERLANDS ANTILLES 122 194 229,525
US/NEW HEBRIDES 2 2 2,991
US/NEW ZEALAND 2 3 so4
US/NICARAGUA 1 2 282
US/NORWAY 5 9 8,333
US/PANAMA 7 104 128,597
US/PHILIPPINES 6 6 21078
US/PORTUGAL 2 2 1,683
US/OATAR 4 1 219
US/SAUDI ARABIA 8 54 18,771
US/SOUTH AFRICA 3 4 4,404
US/SPAIN 12 14 4.170
US/SWEDEN a 4 31424
US/SWITZERLAND 185 375 281,261
US/TAIWAN az aa 10,578
US/THATLAND 1 3 252
US/TRINIDAD & TOBAGO 1 1 20
US/TURKEY 1 2 443
US/UNITED ARAB EMIRATES 2 11 2, 108

“US/UNITED KINGDOM 190 794 2,426,925
US/URUGUAY 2 2 618
US/VENEZUELA 320 52 38,080
US/MULTIPLE 38 67 179,776
US/THIRD TIER 16 143 386,872

SUBTOTAL 2/ 1,877 5,049 7,787,684
TOTAL ALL

LANDHOLDINGS 7,998 13,316 12,875,504

A/ TOTAL INTERESTS EXCLUDING U.S.

CORPORATIONS WITH FOREIGN SHAREHOLDERS.

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

15


teers FOreign Ownership of U.S.
come Agricultural Land Through
_ December 31, 1989

J. Peter DeBraal


|
percent of the acres, shatontea 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.
No responses on tenure Change were made for 20 percent of the
parcels accounting for 15 percent of the acres.

Dispositions, Land-Use Changes, and Changes in Status

Data in this section are derived from reports filed by foreign
investors who disposed of 295 parcels of U.S. agricultural land
covering 140,298 acres between January 1 and December 31, 1989.
In addition to these dispositions, there were reports of land-use
changes out of agriculture affecting 16 parcels covering 650
acres and reports of change in status from foreign to nonforeign
affecting 15 parcels covering 3,383 acres.

For the same reasons noted at the outset of the acquisitions
discussion, the reported data for dispositions, land-use changes,
and changes in status should be regarded as preliminary. Reports
that were not timely fillea and/or completed or statutorily were
not required to be filed by the closing date for this report are

not included.

Characteristics of Foreign Owners Disposing Land

Type of Foreign Owner. | The largest amount of acres disposed were
in Oregon, Maine, Pennsylvania, Colorado, and Washington, ac-—
counting for 69 percent of the dispositions acreage (table 33).

TABLE 33--DISPOSITIONS| OF U.S. AGRICULTURAL LAND BY TYPE OF FOREIGN OWNERS,

BY STATE, JANUARY 1 - DECEMBER 31, 1989
| (NUMBER)
inorvtount ORGANIZATION Tora
STATE |
AND U.S.
TERRITORY PARCELS ACRES PARCELS ACRES, PARCELS ACRES.
REPORTED REPORTED REPORTED

ARIZONA 9} ° 2 2 2,324
ARKANSAS d ° 3 3 4i6e8
CALIFORNIA 3 394 16 19 51545
COLORADO 4 14,155 2 6 18,298
FLORIDA 42) 144 23 35 4,847
GEORGIA al 275 25 29 7.779
TDAHO 9, ° 1 1 43
ILLINOIS coy ° 1 1 233
INDIANA cy ° 2 2 34
KANSAS ry ° 1 1 1,691
KENTUCKY o ° 1 1 155
UOUISTANA ° ° 28 28 1,529
MAINE 9 ° 9 9 20,973
MARYLAND 9 ° 8 8 1,638
MICHIGAN cS ° 4 4 902
MISSISSIPPI o ° 9 9 926
MISSOURI 4 99 ° 1 99
NEW HAMPSHIRE 9 ° 1 1 18
NEW MEXICO cof ° 1 1 80

NEW YORK 4 745, 1 5
OHIO ° ° 15 15 3,745
OREGON ° ° 2a 2a 221833
PENNSYLVANIA o ° 14 44 20,621
SOUTH CAROLINA ry ° 4 4 “a7
TEXAS 2 144 4 6 1.958
veRHoNT 3 161 31 36 11593
RGINIA 35 3 4 “e79
WASHINGTON { 60 10 "4 13,834
WISCONSIN 4 633 ° 3 “633
TOTAL a2 17,027 253 295 140,298

38



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} typeof 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 an individual; 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, 1989. For
transactions. that occurred in 1989, 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 e 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, nonagricultural 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 Ja U.S. citizen or national, 2) is nota
citizen of the Northern Mariana Islands or the Trust Territory of



Foreign Ownership of U.S. Agricultural
Land Through December 31, 1989 —

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 12.9 million
acres of U.S. agricultural land as of December 31, 1989. This is
slightly less than 1 percent of all privately owned U.S. agricul-
tural land and approximately 0.6 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/ requires all
foreign persons holding agricultural land as of February 1, 1979;
to file a report of such holdings with the Secretary of Agricul-
ture 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 data
processing assistance.

1/ Pub. L. No. 95-460, 7 U.S.C. secs. 3501-3508 (1987).

2/7 C.F.R. secs. 781.1-.6 (1989). See 7 C.F.R. secs.
2.21(b) (29), .27(a) (12), -65(a) (30), and .84(a) (7). (1989) for the
delegation of authority.


TURAL LAND ACQUISITIONS BY COUNTRY OF FOREIGN OWNER,

TABLE 26--USE OF U.S. AGRICU!
JANUARY 1 - DECEMBER 31, 1989
(ACRES )
COUNTRY CROPLAND PASTURE FOREST OTHER OTHER NON- TOTAL
AGRICULTURE | AGRICULTURE

AUSTRALIA ol ° ° 62 ° 62
AUSTRIA 9, ° ° 1 ° 1
BAHAMAS 450, 127 ° ° 75 652
BERMUDA , ° ° 20 ° 20
BRITISH VIRGIN ISLANDS ° ° ° 130 ° 130
CANADA 5.152) 737 86,027 95 1,608 93,619
CAYMAN ISLANDS 20, 82 ° ° ° 102
CHINA ° ° ° ° 4 14
COLOMBIA 0 38 ° ° ° 38
EL SALVADOR cod 74 ° ° ° 74
FRANCE ° 215 140 97 ° 452
GERMANY (WEST) 19,227) 1,500 1,827 452 513 23,519
JAPAN 899, 3,546 422 6,899 2.650 14,416
JORDAN Ce ° ° 38 ° 38
LIBERIA 3 ° ° 320 ° 320
LIECHTENSTEIN Coy 1,361 ° ° ° 1,361
MEXICO 1,638 ° ° ° ° 1,638
NETHERLANDS — | 1,069 ° ° ° ° 1,069
NETHERLANDS ANTILLES +102 ° ° 10 ° 1,112
NICARAGUA ° 30 ° ° ° 30
PHILIPPINES ° ° ° 45a ° 454
SAUDI ARABIA 3,844, ait 588 166 1,811 6,826
SWEDEN ° ° ° 327 ° 327
SWITZERLAND 1,874 5,472 583 78 64 8,071
UNITED KINGDOM 648 206 5,530 ° 39 6,423
U.S.S.R. 30 ° 60 ° ° 90
MULTIPLE 9 90 a4 ° ° 131
THIRD TIER 9 785 ° ° ° 785

SUBTOTAL 1/ 25.95) 14,680 95,218 9,149 6.7714 161,77
US/BAHAMAS Co) 400 ° ° ° 400
US/BERMUDA cc) ° 89 13 333 435
US/BRAZIL 1,145 119 ° ° 18 1,282
US/CANADA go 9,000 20,226 108 163 31,488
US/CHINA 9 1,820 ° 1,099 10.634 13,553
US/COLOMBIA ° 4,146 ° :0 ° 4,446
US/EL SALVADOR ° 481 ° ° ° 481
US/FRANCE 993 306 20,190 1,035 806 23,330
US/GERMANY (WEST) 485 ° ° ° 175 660
US/HONG KONG 8.749 1,497 ° ° ° 10,246
US/ITALY 145 524 ° ° 666
US/JAPAN 982 5,661 3,317 12,133 623 22,716
US/LIECHTENSTEIN 30 ° ° 62 12 104
US/MEXICO 6B 564 ° ° ° 627
US/NETHERLANDS 1,68 897 1, 106 1,864 997 6,549
US/NETHERLANDS ANTILLES 68 ° 41g ° 55 1,152
US/PANAMA ¢ ° ° 2,344 ° 2,314
US/SOUTH AFRICA 395 ° ° 606 94 1,095
US/SPAIN 5 ° ° ° ° 50
US/SWITZERLAND 5,26) ° 330 2,787 2 8,388
US/TAIWAN ° ° 553 ° 553
US/UNITED ARAB EMIRATES 30 8 2 ° 28 342
US/UNITED KINGDOM i 292 10,343 394 897 13,391

SUBTOTAL 2/ 23,43 25,191 56,537 23,968 14,837 143,968
TOTAL ALL

LAND ACQUISITIONS 59,388 39,871 1,755 33,117 21,608 305,739

1/ TOTAL INTERESTS EXCLUDING U.S.

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

34



accounts for 5 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 4,086,406
acres, or 69 percent, of the reported forest land holdings.
Foreign persons from France hold an additional 12 percent of the
forest land. Unidentifiable third tier foreign persons own 5
percent of the forest land. The large Canadian and U.K. holdings
are attributable to seven companies--two Canadian companies with
1,084,585 acres, three U.S./Canada corporations with 699,529

acres, and two U.S/U.K.| corporations with 1,627,498 acres.

Foreign persons from West Germany, the Netherlands Antilles, and
Canada own the most cropland, 927,657 acres, or 42 percent.
Foreign persons with the next largest holdings of cropland are
from Switzerland and Liechtenstein, with 7 and 6 percent, respec-
tively. Unidentifiable| third tier persons own an additional 6

percent of the cropland.

i
Foreign persons from Canada, the United Kingdom, and West Ger-
many own 40 percent, or) 1,342,998 acres of the pastureland.
Foreign persons from Mexico, the Netherlands, the Netherlands An-
tilles, Panama, Japan, Luxembourg, and Switzerland own an addi-
tional 41 percent, or 1\,380,901 acres.

The largest group of owners of other agricultural land are
foreign persons from the Netherlands Antilles and Canada each
with 11 percent of the acres, and France with 9 percent. They
are followed by foreign’ persons from the Netherlands, U.S./
Luxembourg corporations, and foreign persons from West Germany,
the United Kingdom, and Japan who own 212,778 acres, or 34
percent.

Based on reports by foreign owners who reported owning only
forest land or forest land and other nonagricultural land, these
reports account for 43 percent of all the foreign-owned U.S.
agricultural land (tablles 1 and 12). The remaining 57 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 land or forest
land and other nonagridultural land is 3,192 acres (table 12).
Except for Maine (with |32 percent of 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, Louisiana, Mississippi, South Carolina,
and Tennessee account for 29 percent. California, Oregon, and
Washington account for janother 18 percent of the acres reported.

22



The greatest number of dispositions occurred in Vermont, Florida,
Georgia, Louisiana, and Oregon, accounting for 51 percent of the
parcels but only 27 percent of the acreage.

Transfers by foreign investors to U.S. purchasers accounted for
66 percent of the parcels and 50 percent of the acres (table 34).
Reports for 11 percent of the parcels and 17 percent of the acres
indicated that they were transferred to other known foreign
persons. Reports for 21 percent of the parcels covering 32
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 60 percent of the owners, 77 percent of
the parcels, and 73 percent of the acres (table 35). In com-
parison, individuals accounted for 28 percent of the owners, 14
percent of the parcels, and 12 percent of the acres.

Size of Disposition. The most acreage disposed of was for
parcels with 1,000 or more acres, accounting for 85 percent of
the acres (table 36). As should be expected, sales prices per
acre were higher for smaller parcels, although not necessarily
the smallest parcels. Average selling price’ for parcels of 20 to
59 acres was $11,346 per acre, compared with $739 per acre for
parcels of 1,000 or more acres. Average selling price of all
reported dispositions was $1,175 per acre.

Country of Origin. U.S./U.K. and U.S./France corporations and
foreign persons from Canada and West Germany not ‘affiliated with
a U.S. corporation disposed of the most acreage--62 percent
(table 37). Most of the dispositions occurred in the West, 22
percent of the parcels covering 45 percent of the acres (table
38). U.S./U.K. corporations and foreign persons from West
Germany and unidentifiable third tier persons not affiliated with
a U.S. corporation disposed of 80 percent of the acres in the
region. The Northeast accounted for an additional 25 percent of
the disposed parcels covering 33 percent of the acres. U.S./
France corporations and foreign persons from Canada. not assoc-—
iated with a U.S. corporation disposed of 91 percent of the acres
in the region.

Land Use

Fifteen percent of the dispositions were cropland, 18 percent
pasture, 62 percent forest, 2 percent other agriculture, and 3
percent other nonagriculture (table 39). Foreign persons from
West Germany and Venezuela not affiliated with a U.S. corporation
and U.S./Switzerland corporations disposed of 62 percent of the
cropland. Foreign persons from West Germany not affiliated with
a U.S. corporation and U.S./Japan corporations disposed of 65
percent of the pasture land. Foreign persons from Canada and
unidentifiable third tier persons not affiliated with a U.S.
corporation and U.S./U.K. and U.S./France corporations disposed
of 92 percent of the forest land.

39


TABLE 11--USE OF U.S.

AGRICULTURAL LANDHOLDINGS

BY COUNTRY OF FOREIGN OWNER,

DECEMBER 31, 1989--CONTINUED
(acres)
COUNTRY CROPLAND PASTURE FOREST OTHER [OTHER NON- TOTAL
AGRICULTURE | AGRICULTURE

URUGUAY 2.378 7.916 430 ° 586 11,370

S.S.R. 184 96 237 55 269 Bat
VENEZUELA 5.961 3,915 3,393 2,244 2.666 18,176
VIETNAM ° ° 152 ° ° 152
YUGOSLAVIA 928 ° 10 ° 86 1,024
MULTIPLE 6,933 9.788 5.923 26.035 2.511 51.190
THIRD TIER 44,572 aris 44,361 487 976 61.511

SUBTOTAL 1/ 1,324,901 1,355,295 1,780,947 316,404 310,303 5,087,850
US/ANDORRA 200 3,844 ° ° ° 3.741
US/ ARGENTINA B16 3,194 40 ° 208 4,255
US/AUSTRALIA 348 304 348 254 229 1.480
US/AUSTRIA 3,669 12,525 2,967 ° 103 19.264
US/BAHAMAS 15,605 37.753 4.291 10,260 958 68.867
US/BARBADOS at ° ° ° ° 4
US/BELGIUM 18, 168 36,842 13,444 1,556 1,480 714,500
US/BERMUDA 1,757 1,393 15,503 1.701 12.357 38.711
US/BRAZIL 8,628 3,096 ° 1,040 4aT 13,241
US/BRITISH VIRGIN

ISLANDS 727 6e5 1.654 204 15 3,285
US/CANADA 45,421 340,222 906,330 32.026 60.830 1,384,829
US/CAYMAN TSLANDS 7,229 31,667 11618 817 614 42,045
US/CHILE ° 91929 ° ° ° 9.929
US/CHINA 316 1.820 451 1,099 10,640 14,926
Us/COLoMBIA 302 9.801 50 ° 1 10,154
US/DENMARK tg 235, 6,031 10 6.761
Us/ECUADOR ° 1,543 ° ° 1.549
Us/EGYPT 620 585 875, 149 11963
US/EL_ SALVADOR . 12 agi ° ° 493
US/F INLAND 0 ° 2.975 ° 3,047
US/FRANCE 38,337 33,558 TAB LATS 33,991 828,092
US/GERMANY (WEST) 117,010 217,705 24,781 16,089 416.731
US/GREECE 133 3.531 147 ° 7.061
US/GUATEMALA ° 392 ° 20 412
US/GUYANA ° ° ° 334 334
US/HONDURAS 37 ° ° ° 37
US/HONG KONG 118,808 8,585 110 ° 127,530
US/ INDONESIA 171 ° ° ° 197
US/IRAN 483 747 5 665 2,302
US/IRAQ 800 ° ° ° 960
US/TRELAND 1,808 672 192 319 2,984
US/ITALY ThAN3 1,858 1,424 702 12,319
US/JAPAN 26.371 45 B00 20,403 21,903 123,634
US/KENYA ° ° 32 ° 32
US/KOREA (SOUTH) ° 63 ° ° 75
US/KUWATT 548 5.615 772 604 7.628
US/LEBANON 200 140 193 209 703
US/LIBERIA 1,871 18,749 4,830 1,092 29,945
US/LIBYAN ARAB REPUBLIC ° ° ° 277 280
US/LIECHTENSTEIN 31,966 6,724 7,835 3,092 52,296
US/LUXEMBOURG 111588 164.710 21739 46.066 292,911
US/MALAYSIA ° ° ° 300 300
US/MEXICO 5.176 149,459 1,249 10,807 169,088
US/NETHERLANDS 591122 197,331 27,935 31.192 340,407
US/NETHERLANDS ANTILLES 68,979 115,518 15,172 9.752 229,525
US/NEW HEBRIDES 11300 1,533 ° ° 58 2iest
US/NEW ZEALAND ° 589 ° ° 5 594
US/NICARAGUA ° 242 40 ° ° 282
US/NORWAY 66 30 140 8,039 58 8,333
US/PANAMA 25,967 88,548 5.944 i166 1,972 128,597
US/PHILIPPINES a82 59 50 32 1,056 2.079
US/PORTUGAL, 1,429 ° ° 103 1.683
US/OATAR ° 219 ° ° 219
US/SAUDI ARABIA 4,446 5.706 221 2.776 18,771
US/SOUTH AFRICA 1,595 178 656 144 4,404
US/SPAIN 21475 403 847 38 4.170
US/SWEDEN 2.203 143 33 732 3.424
US/SWITZERLAND 118.700 65,918 30,459 16,351 281,264
US/TAIWAN 4.896 2.339 635 100 10,578
US/THATLAND 175 ° 77 ° 252
US/TRINIDAD & TOBAGO 20 ° ° ° 20
US/TURKEY 350 ° ° ° aag
US/UNITED ARAB EMIRATES 430 2 ° 75 2,108
US/UNITED KINGOOM 60,769 1,924,026 22,204 50,056 2,426,925
US/URUGUAY ° 25 40 3 618
US/VENEZUELA 34,190 1,459 364 1,094 38,080
US/MULTIPLE 9.766 161,463 1,522 1,490 179,776
US/THIRD TIER 137.884 235,447 5.784, 5.763 386,872

SUBTOTAL 2/ 1,003,342 1,998,458 4, 180,756 309,289 295,809 7.787.654
TOTAL ALL

LANDHOLDINGS 2,328,243 3,353,753 5,961,703 625,693 606,112 12,875,504

4/ TOTAL INTERESTS EXCLUDING U.S.
2/ TOTAL INTERESTS OF U.S.

CORPORATIONS WITH FOREIGN SHAREHOLDERS.

21

CORPORATIONS WITH FOREIGN SHAREHOLDERS.


summary

Foreign persons reported that they owned 12.9 million acres, or
slightly less 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, 1989. This figure is 263,723 acres larger than the
figure at the end of joss. These and other findings are based on
an analysis of reports submitted to the U.S. Department of
Agriculture under the|Agricultural Foreign Investment Disclosure
Act of 1978.

Information received at the time of reporting shows that forest
land accounts for 46 percent of all foreign-owned acreage,
cropland for 18 percent, pasture and other agricultural land for
31 percent, and nonagricultural land for 5 percent.

Corporations own 81 percent of the acreage; partnerships, 10
percent; and individuals, 7 percent. The remaining 2 percent is
held by estates, trusts, associations, institutions, and others.

U.S. corporations in which foreign persons have a significant
interest or substantial control reported owning 60 percent of all
the foreign-held acreage. The remaining 40 percent was reported
as being held or acquired by foreign persons not affiliated with
a U.S. corporation.

Foreign persons from canada, the United Kingdom, West Germany,
France, the Netherlands Antilles, Switzerland, and the Nether-
lands account for 73 |percent of the foreign-held acreage.
Foreign persons from |Japan own only 2 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 12.9 million acres are adjusted
for these partial interests, the total foreign-owned acreage
drops to an equivalent of 11.9 million acres.

The largest number of acres owned by foreign persons was reported
in Maine. Foreign holdings in Maine account for 11 percent of
Maine's privately owned agricultural land. These holdings
represent 16 percent|of all the reported foreign-owned agricul-
tural land nationwide. Four companies own 92 percent of the
foreign-held acres in Maine, all in forest land. Two companies
are Canadian, the third is a U.S. corporation which is partially
Canadian owned, and the fourth is a U.S. corporation which is
partially French owned.

Except for Maine, foreign holdings are concentrated in the South
and West, each with 35 percent of the holdings. Rhode Island is
the only State with ho reported foreign-owned agricultural land.

Foreigners 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 93 percent of the acreage. No change in

vili


Acreage owned in the years listed is the total amount of land
that was reported purchased during that year and which remained
foreign owned as of December 31, 1989. Because land is con-
tinually being disposed jof by foreign owners or there are changes
in status from foreign to nonforeign or from agricultural to
nonagricultural, acreage amounts in each year are decreased by

these’ land dispositions jor status changes.

Table 7 adjusts reported current value by State for the same
reasons given in the discussion of table 6. Because the reported
current value in table 7 is adjusted by each State's average
annual change in farmland value, the total adjusted current value
will differ from that of table 6. Simply explained, not all land
values in table 6 would |have changed at the national average.
Therefore, the total adjusted current value in table 7 should be
a better measure of value than that of table 6. The total
adjusted current value By State indicates a 0.9-percent decrease
from the reported current value.

Country of Origin. of the 12,875,504 acres of foreign-held
agricultural land reported by foreign persons, 60 percent is held
by U.S. corporations with foreign interests. The remaining 40
percent is held by foreign persons not connected with a U.S.
corporation (table 8).

Foreign persons from Canada own the largest amount of reported
foreign-held acres of uls. agricultural land, 3,043,227. acres, or
23 percent. Foreign persons from the United Kingdom (U.K.), West
Germany, and France own|2, 721,715 (21 percent), 1,156,388 (9
percent), and 915,610 (7 percent) , respectively, an additional 37
percent. Foreign persons from the Netherlands Antilles, Switzer-
land, and the Netherlands own an additional 12 percent of the
acres. These seven countries of origin own a total of. 9,415,225
acres, or 73 percent of|all reported foreign-owned holdings of

U.S. agricultural land.
448,383 acres, is owned
that is, the acreage is
of origin because no fo.
the third tier of owner

Foreign persons from thi
the Netherlands Antille:
59 percent of the forei
Nine percent of the acr
tifiable third tier for
784,141 acres, is owned
Liechtenstein, Panama,

In the West, foreign pe
acres than any other si
figure is attributable
parcels covering 617,96)
ation that owns 8 parce)
persons from Canada, We
owning 1,240,193 acres

Approximately 3 percent of the acreage,
by unidentifiable third tier persons;
not attributable to any foreign country
reign country of origin is listed through
Ship.

@

¢ United Kingdom, West Germany, Canada,
Ss, and Switzerland own 2,662,128 acres or
m-held acres in the South (table 9).
age, 388,700 acres, is owned by uniden-
ign persons. An additional 17 percent,
by foreign persons from France, Mexico,
and the Netherlands.

sons from the United Kingdom own more
bgle group--31 percent. Much of the U.K.
oO one U.S./U.K. corporation that owns 26
3 acres, and to another U.S./U.K. corpor-
ls covering 229,988 acres. Foreign

st Germany, and the Netherlands reported
or, 28 percent. An additional 964,595

12



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TABLE 20--FOREIGN OWNERS OF U.S. AGRICULTURAL LAND ACQUISITIONS BY STATE.
UANUARY 1 - DECEMBER 31, 1989

(NUMBER)
INDIVIDUAL ORGANIZATION
STATE .
AND U.S.
TERRITORY PARCELS ACRES PARCELS ACRES
REPORTED REPORTED
ALABAMA ° ° 6 17,868
ARIZONA ° ° 5 2,759
ARKANSAS 2 4,728 4 2,240
CALIFORNIA 7 168 18 15,743
COLORADO 3 18,643 3 4,461
DELAWARE ° ° 1 3,628
FLORIDA 12 533 22 24,909
GEORGIA 8 1,026 24 12,506
HAWAIT ° ° 9 21,248
ILLINOTS ° ° 13 1,661.
INDIANA 1 136 ° °
KANSAS 1 80 1 6.580
KENTUCKY 2 664 16 3.903
LOUISIANA ° ° 3 3,199
MAINE ° ° 8 84,942
MASSACHUSETTS, ° ° 1 231
MICHIGAN ° ° 4 902
MISSISSIPPI ° ° 5 2,069
MONTANA 1 1,069 1 10,000
NEBRASKA ° ° 1 3.680
NEVADA ° ° 2 1,018
NEW HAMPSHIRE 1 20 ° °
NEW MEXICO ° ° 2 564
NEW YORK 3 1,484 6 5,341
NORTH CAROLINA 1 235 24 4,903
OHIO 1 145 14 8,439
OKLAHOMA ° ° 1 50
OREGON 1 33 T 760
PENNSYLVANIA ° ° 4 19,139
SOUTH CAROLINA ° ° 4 1,762
TENNESSEE ° ° 2 B67
TEXAS 2 24 16 4,170
VERMONT 4 480 ‘7 4,320
VIRGINIA 3 374 10 1,528
WASHINGTON ° ° 5 1,091
WISCONSIN 4 626 4 1,693
WYOMING ° ° 1 400
TOTAL 87 30,465 245 275,274
TABLE 21--FOREIGN-OWNED U.S. AGRICULTURAL LAND ACQUISITIONS
BY SIZE OF ACQUISITION, UANUARY 1 - DECEMBER 31, 1989
SIZE OWNERS PARCELS ACRES VALUE
(ACRES) REPORTING REPORTED (NUMBER) (1,000
(NUMBER ) (NUMBER) DOLLARS) 1/
LESS THAN 20 26 26 290 20,955
20-59 29 30 996 22,108
60-99 19 22 1,500 12,720
100-299 53 62 9,293 66,415
300-999 a3 80 23,634 120,835
1000 OR MORE at 82 270,026 277,337
TOTAL an 302 305,739 520,370

i1/ VALUE IS PURCHASE PRICE OR NONPURCHASE PRICE (ESTIMATED VALUE).

29


Purchase Price and Value of Acquisitions. Corporations account
for 79 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 $733; followed by corporations,
$1,641; trusts, $2,201; and partnerships, $3,735.

Equity is frequently used to méasure 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 302 reports providing information on
debt, $39,943,000, and! current value, $520,520,000, resulted in
an equity figure of $480,577,080 (table 22). These figures
reveal an equity figure of 92 percent in relation to current
value.

Country of Origin. Foreign persons not affiliated with a U.S.
corporation: acquired 53 percent of the acreage. U.S. cor-
porations with foreign interests acquired the remaining 47
percent (table 23). Foreign persons from Canada acquired 41
percent of the acreage, 125,107 acres; followed by foreign

persons from Japan with 12 percent, or 37,132 acres.

Most of the acres acquired during 1989 were in the Northeast--39
percent of the acres. | Foreign persons from Canada acquired 74
percent of these acres (table 24). Foreign persons from Japan
acquired 34 percent of the acres in the West and U.S./Canada
corporations acquired |21 percent of the acres in the South,
followed by U.S./China corporations with 16 percent of the

acquisitions.
TABLE 22--VALUE |OF U.S. AGRICULTURAL LAND ACQUISITIONS BY TYPE
OF FOREIGN OWNER, UANUARY 1 - DECEMBER 31, 1989 .
!
ACRES. . ACRES
WITH PURCHASE WITH NON-
OWNERS PURCHASE PRICE NON- PURCHASE
OWNER REPORTING PRICE (1,000 PURCHASE PRICE
(NUMBER ) REPORTED DOLLARS) PRICE » (4,000
(NUMBER ) REPORTED DOLLARS)
(NUMBER )
INDIVIDUAL 53 17,055 18,842 13,410 3,480
CORPORATION 125 138,688 379,360 113.350 34,414
PARTNERSHIP 26 18,249 55,722 3.540 25,667
TRUST 7 852 2,628 595 557
TOTAL ait 174,844 456.552 130,895 63,818
acres ACRES :
WITH CURRENT WITH EQUITY
CURRENT VALUE- EQUITY (1,000
VALUE . _(4,000 REPORTED DOLLARS)
REPORTED DOLLARS) (NUMBER )
(NUMBER )
1
INDIVIDUAL leo. 468 22,361 30.465 19,549
CORPORATION 252.038 413,616 252,038 381,185
PARTNERSHIP 21,789 81,358 21,789 76,658
TRUST 1,447 3,185 1,447 3,185
TOTAL 908.739 520,520 305,739 480,577



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

YANUARY 1981

- DECEMBER 1989--CONTINUED

ACQUISITIONS DISPOSITIONS
DATE -
PARCELS ACRES VALUE PARCELS ACRES VALUE
REPORTED (NUMBER) (1,000 REPORTED (NUMBER) (1,000
(NUMBER) DOLLARS).1/ (numoer) | - DOLLARS) 4/
1984
SEPTEMBER 53 24,607 40,282 50 6,248 9,635
acTouER as 481607 33/719 30 17256 26,744
NOVEMBER 46 43,760 41.772 59 131820 16,282
DECEMBER a8 964,261 278,404 70 836,213 101,439
MULTIPLE ' 170 S75 ° ° °
TOTAL 783° 1,649,979 1,096,414 625 1,067,268 400, 148
1985
‘UANUARY as 114,929 72,811 24 7,182 9,876
FEBRUARY 28 8.81 24,415 19 12,167 10,931
MARCH 39 13.099 87,974 26 51697 16.461
APRIL, 4a 16.974 201644 46 91045 12,706
MAY 40 60,761 23.618 33 2,791 6,222
JUNE 34 20,368 24,708 25 26,140 11,089
yULY 45 67.647 49,427 26 1,966 3,380
aucusT 32 71ea9 15,027 29 7.238 31765
SEPTEMBER 119 1,754,819 39,776 24 192.714 .14, 848
OCTOBER 87 14) 108 38,403 34 9. 4te 51911
NOVEMBER 25 81705 26,469 17 61123 71059
DECEMBER 134 82,149 70,549 143 36,540 49,426
MULTIPLE 1 439 293 ° °
TOTAL 641.2, 170,052 aot tt4 aaa 317,018 148,384
1986
UANUARY 34 14,210 31,599 18 3,335 4,470
FEBRUARY 26 91299 6.765 18 11295 21415
MARCH 40 33814 51,041 17 131060 10,505
APRIL 54 251621 1951607 22 51520 4,196
may 94 1,601,530, 91,820 85 1,694,858 20,113
JUNE 42 33299 38/970 33 q7i744 4129
JULY 33 26,376 321518 20 19,471 23,513
AUGUST at 8,277 17.713 29 81169 14,458
SEPTEMBER 34 36,018 58,043 26 3,757 10,088
ocToBer 139 240,218 62,629 33 141366 avant
NOVEMBER 43 141579 16,962 at 91256 31242
DECEMBER 417 46,225 93,913 73 55,810 48,516
TOTAL 678 2,086,496 636,980 405 1,783,638 150,056
1987
JANUARY 25 9,492 20,287 23 4,467 7,578
FEBRUARY 27 13,839 39,567 26 6,252 6,786
MARCH 50 134,349 46,989 37 32.871 17,808
APRIL, 61 67.856 201452 72 27.647 30/026
may 38 44,382 29,970 28 9,878 18,742
JUNE 46 2031736 44.013 37 226,697 281126
JULY 38 6, 942 3,890 35 30,206 14,904
‘AUGUST 43 25,900 25,055 35 7,190 32,991
SEPTEMBER 35 14,523 34,021 44 6.594 13,287
ocToBer ea 23,475 361383 38 51346 8.723
NOVEMBER 40 1361680 26,442 36 13,876 14.146
DECEMBER a9 50,606 59,472 154 38,222 48,500
TOTAL 556 751,780 442,544 585 409,246 238,587
te88
JANUARY 61 55,657 69.773 52 26,268 22,604
FEBRUARY 36 26.091 18.945 a7 47.744 321473
MARCH 47 36,134 89,420 98 87,349 491318
APRIL 34 321664 23/236 55 2651973 79,802
may 43 55.495 48,721 53 34,838 12,861
UNE 88 126.749 85,361 66 22,253 Viste
vULy a7 33,599 73,142 55 12,835 23,244
AUGUST 40 346.498 56.120 60 309,447 73,097
SEPTEMBER 33 10,122 37,388 43 7.750 6,745
OCTOBER 73 221,937 1251616 495 233,842 114,546
NOVEMBER 40 9,155 32,367 40 192,261 19,724
DECEMBER BB 2621384 179,120 387 322.370 31,608
toot?" 627 .216,965 832,609 151 1,892,930 474,032
JANUARY 46 30,046 64.517 a2 21,783 12,824
FEBRUARY 26 22,721 85,526 24 4,644 4,879
MARCH 54 4471463 TA.9a2 at 25,769 8.371
APRIL 24 18/936 29,547 26 201578 61894
MAY at 221390 107,444 33 4.947 21,339
JUNE 35 30,255 41,588 39 15,276 5,559
JULY 23 431427 95,593 13 11,446 141419
aucusT 25 34.617 44.258 23 28; 769 19,888
SEPTEMBER 29 21,915 50.542 25 3,683 7,779
OCTOBER 10 91815 51055 16 11140 1,306
NOVEMBER 5 9,576 23,375 5 2,157 4,037
DECEMBER 2 160 115 2 106 8a
TOTAL 317 331,021 562,442 295 140,298 114,349

41/ VALUE IS PURCHASE PRICE OR NONPURCHASE PRICE (ESTIMATED VALUE) AT TIME OF ACQUISITION.

45


acres, or 22 percent, were reported by foreign persons from
Japan, Luxembourg, the |Netherlands Antilles, Panama, and Mexico.

In the Northeast, foreign persons from Canada and France own
2,245,210 acres, or 86 |percent of the foreign-held acreage in the
region. Eighty-four percent of this figure, 1,895,916 acres, is
attributable to four companies with extensive forest holdings--
one Canadian company with partial interests in 33 parcels cover-
ing 859,356 acres, one|Canadian company with 3 parcels covering
225,411 acres, one U.S//Canada corporation with 6 parcels cover-
ing 229,890 acres, and |one U.S./France corporation with 21
parcels covering 581,259 acres.

In the North Central “rlgton, foreign persons from Canada, the
United Kingdom, and West Germany reported owning 800,882 acres,
or 62 percent of the foreign- held acres in the region. Eleven
percent of the acreage|is owned by U.S./multiple entities, U.S.
corporations that have}foreign owners from a number of countries,
none of whom has a predominant interest in the corporation.

Interest in Land

Of the 13,316 parcels of foreign-held U.S. agricultural land, 85
percent of the parcels} accounting for 84 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 12 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 separ-
ately because they represent a totally different type of inter-
est. Questions on value, tenure, and method of acquiring land do
not apply because the report form was not devised to deal with
leases. The U.S. Department of Agriculture (USDA) has received
479 reports covering a/net total of 1,061,402 acres of leased
land. Timber land accounts for 665,260 acres, or 63 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. Of the total foreign-owned parcels, 46 percent,
covering 33 percent of} the acreage, were acquired for cash only
(table 10). This compares with 33 percent of the parcels,
containing 17 percent bof the acreage, that were acquired by
credit only, and 6 percent of the parcels, containing 25 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 significant
interest or substantial control in the corporations, or an

individual exchanging fland for stock in a new corporation. The

4/ 7 C.F.R. sec. 781.2(c) (1989)

18



PL. 95-460 authorizes collection of the data on this form. The data will be used to determine the effects of foreign persons ac-
quiring, transferting and holding agricultural land, and the effects of such activity on family farms and rural communities, Furn-

NOTED. ishing 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 furn-
ished to any Agency responsible for enforcing the provision of the Act and to the public.

DETERMINATION OF “FOREIGN PERSON” STATUS.

DEFINITION: “Porson’* means any individual, corportion, ‘company, association, firm, partnership, society, joint stock company, trust, estate, or any other
legal entity.

‘You are a “foreign person” under the provisions of P.L. pease ‘and must complete the front cide of this form (ASCS-153) if your answer is “NO” to all the

statements numbered 1, 2, and 3 below.

[VES[ NO.

7. 1AM a citizen of the United States. |

31 AMa aitizen of the Northern Mariana Islands or the Trust Territories of the Pacific Islands.

CLAM lawfully admitted to the United States for penthanent residence, or paroled into the United States, under the Immigration and
Nationality Act.

Youare 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 “VES” to any of
the statements numbered 4a, 4b, and 5 below. [ves[ NO)

4. 1AMa “person” other than an individual or government, which is created or organized under the laws oft
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 / is held directly or indirectly by any
foreign individual, goverment, or person, d

5, | AMa foreign government.

L GENERAL INSTRUCTIONS.

Complete this form in an original and three copies forleach tract of land. Insertion of carbons is necessary. Report as 2 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.

Return the original and two copies to the County Agricultural Stabilization and Conservation Service (ASCS) Office where the tract of land is located. Retain
the last copy (Foreign Person Copy) for your records,|D0 NOT SEND THIS FORM DIRECTLY TO WASHINGTON, D.C.

‘After the original disclosure on ASCS-153 on the tract(s) of land owned by the same person within ac

-ounty or parish, each subsequent change of ownership
or use must be reported by filing another ASCS-153, |

ITEM INSTRUCTIONS AND REPORTING DATES.
1
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 “120359 [] } Reporting Date: This document is required to be
completed and retuned by August 1, 1979.

If the tract of land to be listed under Item 2. on the front side of this document was, on or after February 2, 1979:
Acquired, bheck ® 23%uion GZ)

‘ Reporting Date:

Disposed of, check © Biisoun .. a If any of these activities are checked
Changed ffom non-agricultural to agricultural use, check toh nal ‘in Item 1, return the completed
Changed frorn agricultural to non-agricultural use, check €,tanaum crange ASCS-153 within ninety (90) days

Kanda Snare’ T° CU] from the date of the transaction.

ITEM 8, ‘The date entered would be 28 follows for the activity checked in Item 1:
Box A or B- Datejacquired.
BoxC —_- Datejdisposed of.
Box D or E- Basar use changed.

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

/ Significant interest or substantial control as defined in 7 CFR 781.2 (k). U.S. Government Printing Office: 1986-654-614

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, 1989.

contents
List of Tables. . . .]. 2. ee 6 ee ee ee ee ee ee
Summary . 2 6 6 ee ele ew ee ee ee ee ee ee ee
Introduction . 2. 6 se). 6 ee ee ee eee ee ee et
Summary of the Act and Regulations ..... + +++
Definitions . . 6 e)6 ee ee ee ee ee ee et ee
Analysis of Data Reported Under the Act . .- - +. -+.+ eee
Holdings . 2... e ej]e ee te ee ee ee ee ee ee
Acquisitions . . .j. 6 1 6 ee ee ee ee te et
Dispositions, Land-Use Changes, and Changes in Status ..
Trends ... 2 6 ele ee ee ee ee ee ee et tl
Program Costs and Penalties . . -- ee eee ee ee ees
Appendix: Report Form ASCS-153 . - - +--+ e+ + + + ee ees

iv



Tenure

Tenants operate 36 percent of the parcels acquired during the
period and 31 percent of the acres, whereas foreign owners
operate 35 percent of the parcels and 47 percent of the acres
(table 32). Managers, however, operate only 5 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 were reported for less than 1 percent of the
parcels covering less than 1 percent of the acres acquired during
this period. No responses on rental agreements were received for
65 percent of the parcels covering 53 percent of the acres.

Tenure Change

Reports for 51 percent of the parcels acquired during the period
indicate no tenure change for 65 percent of the acreage (table
32). Reports for 29 percent of the parcels, containing 20

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

JANUARY 1 - DECEMBER 31, 1989
(NUMBER )
ITEM NO CHANGE OTHER OTHER NON- | NO REPORT TOTAL
AGRICULTURE | AGRICULTURE

INDIVIDUAL :

PARCELS REPORTED 84 1 2 ° 57

ACRES 30,315 80 70 ° 30,465
ORGANIZATION:

PARCELS REPORTED 198 14 22 4 245

ACRES 233,352 3,087 9,853 28,982 275,274
TOTAL:

PARCELS REPORTED 252 15 24 "1 302

ACRES 263,667 3,167 9,923 28,982 305,739

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

JANUARY 1 - DECEMBER 31, 1989
PARCELS ACRES VALUE
TENURE REPORTED (NUMBER ) (1,000
(NUMBER ) DOLLARS) 1/
CURRENT:
FOREIGN OWNER 106 142,698 112,453
MANAGER 14 13,462 62,846
TENANT 110 94,712 162,861
NO REPORT 72 54,867 182,210
TOTAL 302 305,739 520,370
RENTAL:
CASH 4 42 186
NO REPORT 195 162,999 407.731
NOT APPLICABLE 106 142,698 112,453
TOTAL 302 305,739 520,370
INTENDED CHANGE:
NONE 154 198,576 239,520
NEW 87 61,148 123,205
NO REPORT 61 46,015 157,645
TOTAL 302 305,739 520,370

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


acquisitions are in these two land-use categories (tables 26 and
27). The bulk of the acquisitions, 78 percent, is primarily
farmland, although it includes some forest and/or other non-
agricultural land commonly reported as part of the farmland

acquisition (table 26).

U.S./Canada corporations purchased most of the U.S. forest land
or forest and other nonagricultural lands (table 28), accounting
for 66 percent of such acquisitions, 85,967 acres.

TABLE 277-U.S. FOREST AND OTHER NONAGRICULTURAL LAND
ACQUISITIONS OF FOREIGN OWNERS BY STATE,

UANUARY 1 - DECEMBER 31, 1989
STATE PARCELS ACRES VALUE
AND U.S. REPORTED (NUMBER ) (1,000
TERRITORY (NUMBER) DOLLARS): 1/

ALABAMA 3 2,315 1,995
ARKANSAS. 1 200 400
FLORIDA 2 665 10,120
GEORGIA 15 9,251 9,786
HAWAII 1 205 1,200
KENTUCKY 1 290 8
LOUISIANA 1 1 2
MAINE 8 84,942 380
MASSACHUSETTS, 1 231 150
MISSISSIPPI 1 330 127
NEW YORK 2 5.150 924
NORTH CAROLINA 4 315 120
OREGON 2 343 1,674
PENNSYLVANIA 2 19,052 2,667
SOUTH CAROLINA 2 1,437 11,143
VERMONT 9 4,552 26,936
VIRGINIA T 914 526
WASHINGTON 1 793 221

TOTAL 63 130,956 68.379

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, 1989
OWNERS PARCELS ACRES VALUE
COUNTRY REPORTING | REPORTED | (NUMBER) (1,000
(NUMBER ) (NUMBER) DOLLARS) 1/

CANADA 4 14 85,967 742
FRANCE 1 1 36
GERMANY (WEST) 5 5 944
JAPAN 2 2 219
UNITED KINGDOM 3 3 5,407

SUBTOTAL 2/ 15 22 92,570
US/BERMUDA 1 1 344 94
US/CANADA 3 6 4,944 2,697
US/FRANCE 3 14 20,220 3.218
US/JAPAN 4 5 2.717 38,143
US/NETHERLANDS 1 1 200 400
US/UNITED KINGDOM 6 17 9,961 20,278

SUBTOTAL 3/ 18 at 38,386 64,830
TOTAL 33 63 130,956 68,379

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

3

5


The data in this report should be viewed in light of the fore-
going caveats and those accompanying the tables. Reporters’
errors must also be considered in reviewing this study. Result-
ing data deficiencies are noted and highlighted as 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 12.9 million foreign-owned acres, 60
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 12.9
million acres of foreign holdings of U.S. agricultural land to an
equivalent of 11.9 million acres.

Analysis of the Data Reported Under the Act
Holdings

Data in this section are derived from the 13,316 reports filed by
foreign persons who held land as of December 31, 1989. These
report forms account for 12,875,504 acres of all U.S. agricul-
tural land. This is an increase of 263,723 acres over the
12,611,781 acres foreign owners reported owning as of the end of
last year. 3/ This 263,723-acre increase is less than the
305,739 acres acquired auring 1989, as reported in the acquisi-
tions discussion. Dispositions, acreage reductions for foreign
persons whose status changed to nonforeign, and land-use changes
out of agriculture are the reasons for this difference.

Concentration of Foreign Ownership of U.S. Agricultural Land

Foreigners have reported acreage holdings in 49 States, Puerto
Rico, and Guam (table 1 and fig. 1). Rhode Island is the only
State with no reported foreign-owned agricultural land. Except
for Rhode Island and Maine (described below), only a small
proportion of the privately held agricultural land in each State
is foreign owned (table 1 and fig. 2). Foreign investment is
concentrated in the South and West, each containing 35 percent of
all reported foreign holdings of U.S. agricultural land (table
9).

Maine has the largest amount of foreign-owned U.S. agricultural
land, 2,067,155 acres, or 11 percent of the privately owned
agricultural land in the State and approximately 16 percent of
the reported foreign-owned agricultural land in the United
States. Most of the foreign-owned agricultural land in Maine,
1,894,810 acres, is timber land owned by four companies. One

3/ The 12,484,738 acres report in last year's report understated
the amount of foreign-held U.S. agricultural land because of filing
errors and has been adjusted upward to 12,611,781 acres.

5


Appendix: Report Form ASCS-153

Form Approved - OMB No, 0560-003
ASCS-153 U.S. DEPARTMENT OF AGRICULTURE - ‘J, TYPE ACTIVITY (See Heverse) (Check one)
(08-28-04) Agricultural Stablilzation and Conservation Service

Aang CJ Bland O oes oO
AGRICULTURAL FOREIGN INVESTMENT DISCLOSURE ACT REPORT Holding Acquisition Disposition
NOTE: Read Instructions on Reverse Before Filling in Any Data Below. If Additional Space | D.Land Use Change (_ Esdansse change To [7]

is Needed. Use Reverse. To Agricutture Non-Agricutt
ITEM OFrice TEM
us
2. Tract Location and Description ONLY _ | 5. Typo of Interest Held in the Agricultural Land (Check One] _| cHEcK

A, LEGAL DESCRIPTION OR ASCS TRACT NUMBER A. Fee Interest (ownership) Whole

B, Fee Interest (ownership) Partial PERCENT
©. Life Estate
D. Trust Beneficiary

5, COUNTY OF PARISH E NGLOF ACRES - E, Purchase Contract
DrSTATE F. Other (explain)
3. Owner of Tract (in item 2A) (See Reverse]
A, NAME 6. How was this Tract Acquired or Transferred? CHECK
A. Cash Transaction
BLT NO. (Nine digitay qeeseieae: LJ B. Credit or Installment Transaction
NOT KNOWN

C. Trade

D. Gift or Inheritance
E. Foreclosure

F. Other (explain)

TLLEGAL ADDRESS (Street, City, State/Province, Country)

D. Type of Owner (Check one) CHECK :
1, Individual (including husbond/wife)
4, Citizenship of Individual | 7, Value of Agricultural Land
T ‘A. Purchase Price of Land orif a land dispo- ]
2, Government (name of country) tition, the original price paid by eller I$
gin
3, Organization B, Non-Purchase, Estimated Value at the |
* DB rporation Time of Acquisition kd
2) Partnership C. What is the estimated current value orite ]
3) Estate lind disposition, the selling price of the § |
4) Trust D. How much of purchase price in Item 7A |
5) Institution remains to be paid? s
6) Association @. Date ot Acwulitioner er Pe aaa
7) Other ‘Transtar (See Reverse)
b. Gov't. or country under whose 9. Current Land Use (Usual use of land. For idle land,
Jaw the organization is created I report es other Agriculture.) Report in Whole Numbers; ACRES
© Principal place of business (for |
‘organizations only) ‘A. Crop
Hot on separate sect the Name, Address and County ofall B. Pasture
foreign persons who individually or in the aggregate hold significant 5
necator mbnantal contre 0 Person owning the land. £. Forest or Timber
E_ Complete only if Rem 1G - Land Disposition - is checked D. Other Agretlture
J. NAME OF PERSON RECEIVING TRACT E, Non-Agriculture
F, Total (Should equal 2C)
2. ADDRESS (Street, City, State/Province, Country) 40. Intended Use as of This Date (Check One) CHECK
A. No Change
B, Other Agriculture
CHEERS =a
usa []_roreicn[] unknown [_] C__Non-Agriculture
- > = — 11. Relationship of Foreign Owner to Producer (If applicable) | cneen
4, Representative of Foreign Person (completing form, if applicable) ~
ae ‘A. Producer is:
1. Foreign owner
§, ADRESS (Street, State, Country) 2, Manager

3,_Tenant or sharecropper
B, Rental agreement is:

C, TELEPHONE No. (Area Code) 1. Acrop share
D. Relationship of Representative to Foreign Person CHECK
1. Attomey 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) B. Anew person

13, CERTIFICATION - I certify that the information entered in this report is complete and correct. I understand that falsification of reporting te subject
toa civil penalty not to exceed 25% of the fair market value of the interest held in the tract of land.

14, SIGNATURE (Owner or legally authorized representative) TITLE DATE

FOREIGN PERSON COPY

47


Figure 1

State Concentration of Foreign Ownership of Agricultural Land, December 31, 1989

Legend: Acres

0-49,999

50,000-99,999

100,000-199,999

| 200,000-399,999
=| 400,000 & over

Ss

“"® |
Ero,

Figure 2

Proportion of Foreign-Owned Agricultural Land to All Privately Owned Agricultural Land in the
United States, December 31, 1989

:

eer



Foreign Ownership of U.S. Agricultural Land Through December 31,
1989, by J. Peter DeBraal, Resources and Technology Division,
Economic Research Service, U.S. Department of Agriculture. ERS
Staff Report No. AGES 9026.

Abstract

Foreigners owned 12.9 million acres of U.S. agricultural land as
of December 31, 1989. This is slightly less than 1 percent of
all privately held agricultural land and 0.6 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.

1301 New York Avenue, NW
Washington, DC 20005-4788 May 1990

iii


filed and/or completed! by the closing date of this report.
Consequently,- such reports would not have been processed for
inclusion in this’ report.

Concentration of Foreign Acquisitions of U.S. Agricultural Land
Twenty-eight percent de the acres acquired during 1989 were in
Maine (table 18). Thirty-nine percent of the acquisitions are
concentrated in the Northeast (table 24).

Characteristics of Foreign Owners

Type of Foreign Owner - Corporations reported acquiring 68
percent of the parcels and 82 percent of the acres (table 19).
Individuals account for 10 percent of the acres; partnerships, 7
percent; and trusts, 1 percent. When partial interests of
foreign investors are |taken into account, the 305,739 acres drop
to an acreage equivalent of 215,572.

corporations acquired|/an average of 1,235 acres per parcel, or
2,016 acres per owner} compared with individuals who acquired an
average 534 acres per|parcel, or 575 acres per holder. Partner-
ships reported acquisitions averaging 641 acres per parcel, or
838 acres per owner; and trusts reported 207 acres per parcel and
per owner.

The largest acreage acquired by individuals during the period was
reported for Colorado} (table 20). Organizations reported acquir-
ing the largest acreage in Maine, Florida, and Hawaii.

Size of Acquisition.:| The largest number of owners reported their
acquisitions in the range of 100 to 999 acres'(table 21). Owners
of parcels with 1,000 acres or more (19 percent of the owners)
acquired approximately 88 percent of the acres and owners of
parcels with less thah 1,000 acres (81 percent of the owners)
acquired the remaining 12 percent of the acres. All parcels of
1,000 or more acres accounted for 53 percent of the total value.
The value per acre, however, is concentrated in the reports of
holders of less than |60 acres--$33,486 per acre, compared with
$1,027 per acre for holdings of 1,000 or more acres.

TABLE 19--U.S. AGRICULTURAL LAND ACQUISITIONS BY TYPE OF FOREIGN OWNER,

JANUARY 1 - DECEMBER’ 31, 1989
(NUMBER )
PARCELS WITH
OWNER OWNERS PARCELS ACRES PARTIAL ACREAGE

REPORTING| REPORTED INTERESTS EQUIVALENT 2/

REPORTED i/
INDIVIDUAL sh 87 30,465 2 30,411
CORPORATION 125 204 252,038 13 162,503
PARTNERSHIP 26 34 21,789 3 21,211
TRUST 7 7 1,4a7 ° 1,447
TOTAL 2iit 302 305,739 18 215,572

i1/ PARCELS WITH phetiaL 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.

28



TABLE 9--FOREIGN OWNERSHIP OF U.S. AGRICULTURAL LANDHOLDINGS BY U.S. REGION,
DECEMBER 31, 1989
(NUMBER)
SOUTH WEST NORTHEAST NORTH CENTRAL
country
|
parcecs | acres | parcets | acres | parcets | acres | parcers | ACRES
i

ARGENTINA 34 6,240 6 4,912 3 1,798 1 80
AUSTRALIA 8 1,797 5 1,460 2 25 3 132
AUSTRIA 53 29.757 10 29,151 3 106 13 3,156
BAHAMAS 33 5.986 6 16,285 6 4,123 2 9.340
BAHRAIN ° ° ° ° ° 5 553
BELGIUM 28 8,489 5G 51,817 18 1,044 8 1,524
BELIZE 4 159 1 25 ° ° 1 365,
BERMUDA 19 67,183 5 1,954 8 2,355 30 2,695
BOLIVIA 2 14 ° ° ° ° ° °
BRAZIL 6 1.301 1 320 ° °
BRITISH VIRGIN ISLANDS 27 71189 4 4,243 6 +83: 8
CANADA 362 1021350 723° 305.463 813 1,180.644 201
CAYMAN ISLANDS 33 14,696 6 2,450 1 74 13
CHILE 3 436 1 960 ° ° 1
CHINA 4 144 2 263 ° ° 1
COLOMBIA 36 8,635 ° ° ° ° 1
COSTA RICA "4 4.589 1 10,840 ° ° 1
CUBA 2 20 ° ° ° ° °
CZECHOSLOVAKIA 2 30 ° ° ° ° 3
DENMARK 4 849 8 5,984 5 455 6
DOMINICAN REPUBLIC 3 50 ° ° ° ° 9
ECUADOR at 1,040 ° ° ° ° °
EGYPT 12 1.895 1 97 1 100 4 42
EL SALVADOR 5 309 ° ° ° ° ° °
FRANCE 95 23,301 40 «47,743 23 9,416 14 7,058
GAMBIA 1 294 ° ° ° ° °
GERMANY (WEST) 762 956,456 387 204,656 146 40,857 385 137,688
GREECE 7 54,783 2 11439 2 80 10 a4
GUATEMALA 7 318 ° ° 4 526 ° °
GUYANA 1 35 ° ° ° ° ° °
HONDURAS "4 892 ° ° ° ° ° °
HONG KONG 36 6.741 48 8.726 7 1,657 3 667
HUNGARY ° ° ° ° 2 410 ° °
INDIA 6 1,108 T 556 1 23 ° °
INDONESIA 4 752 4 52 ° ° ° °
TRAN 6 436 10 977 6 1.144 9 1,404
IRAQ ° ° ° ° 1 1,140 ° °
IRELAND 14 7.092 1 3.600 ° ° 4 434
TSRAEL 2 364 1 61 1 159 2 407
ITALY 19 |79,042 13 2.014 4 756 5 606
IVORY COAST ° ae) ° ° 1 119 ° °
YAMAICA 3 1.621 ° ° ° ° ° °
JAPAN 17> |27,749 54 133,002 ° ° 9 10,879
JORDAN 12 700 8 1,402 _ 2 229 3 61
KAMPUCHEA ° ° ° ° ° ° 1 at
KOREA (SOUTH) 3 ass 1 26 1 100 ° °
KUWAIT 2 432 2 224 1 247 3 695
Laos 1 34 ° ° ° ° ° °
LEBANON 25 7,254 7 2,488 5 764 8 2.641
LIBERIA : 8 11520 14 26274 6 5,605 1 114
LIBYAN ARAB REPUBLIC 1 15 ° ° 1 287 ° °
LIECHTENSTEIN 73° 116,862 44 50.951 24 3.330 20 9.957
LUXEMBOURG 7 5.694 2 505 ° ° 1 "286
MALAYSIA 4 40 4 7.908 ° ° ° °
MEXICO 263 145,128 19 15,023 1 27 4 850
MONTSERRAT ° ° ° ° 4 145 ° °
Morocco ° ° 2 16,360 3 515 1 160
NAMIBIA 2 106 ° ° ° ° °
NETHERLANDS 163 |51,313 473° 52,385 29 9,433 51 13,203
NETHERLANDS ANTILLES 274 189.758 113 162,886 34 6.914 46 25.670
NEW ZEALAND ° ° 2 350 ° ° ° °
NICARAGUA 4 1,378 ° ° ° ° ° °
NIGERIA 1 14 ° ° ° ° ° °
NORWAY 2 654 2 340 ° ° 17 4,532
OMAN 4 192 1 262 ° ° ° °
PAKISTAN ° ° 9 2,171 ° ° ° °
PANAMA 154 | 96.075 52. 94.770 T 2,862 8 7,080
PERU 18 185 4 81 1 15 ° °
PHILIPPINES, 13 997 32 2.534 ° ° 3 156
POLAND ° ° ° ° 1 147 ° °
PORTUGAL 4 20 3 ant 1 385 ° °
ST VINCENT 3 1,318 ° ° 1 1,319 0 °
SAUDI ARABIA 45 | 18,902 10 19,842 1 3,628 4 505
SINGAPORE 2 64 3 504 1 480 ° °
SOUTH AFRICA 1 17 3 1,472 1 209 ° °
SOUTHERN RHODESIA 1 230 ° ° ° ° ° °
SPAIN 6 at 5 832 ° ° 4 785
SWEDEN 13 3,059 3 4,513 3 313 4 2.087
SWITZERLAND 287 [145/488 72 291137 47 16,882 52 24,022
SYRIA 7 4.319 1 194 2 334 ° °
TATWAN 16 A515 1" 1,607 ° ° 4 826
TANZANIA 2 | 10.143 ° ° ° ° ° °
THATLAND 1 127 ° ° ° ° 3 113
TRINIDAD & TOBAGO 3 73 ° ° ° ° 1 58
TURKEY ° ° 1 38 ° ° 1 520
TURKS TSLANDS ° ° 6 798 1 160 5 2.234
UNITED ARAB EMIRATES 8 2.743 3 276 ° ° ° °
UNITED KINGDOM 131 | 46.552 70 89.830 51 82,066 79 (76,342

CONTINUED-~

16



a ESOS SSO SS OIOER 0

|
It’s Easy To Order Another Copy!
Just dial 1-800-999-6779. Toll free in the United States and Canada.
Other areas, please call 1-301-725-7937.

Ask'for Foreign Ownership of U.S. Agricultural Land Through December 31, 1989
(AGES 9026).

The cost is $8.00 per copy. For non-U.S. addresses, add 25 percent (includes
Canada). Charge your purchase to your VISA or MasterCard, or we can bill you.

Or send a check or purchase order (made payable to ERS-NASS) to:

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We'll fill your order by frsrolass mail.



TABLE 34--DISPOSITIONS OF U.S. AGRICULTURAL LAND BY FOREIGN OWNERS,
BY CITIZENSHIP OF] PURCHASERS, YANUARY 1 - DECEMBER 31, 1989
(NUMBER )
PURCHASER PARCELS ACRES
REPORTED
USA 194 70.837
FOREIGN 32 23,679
UNKNOWN 63 45,162
NO REPORT 6 620
TOTAL 295 140,298
TABLE 35--DISPOSITIONS OF U.S. AGRICULTURAL LAND BY TYPE OF FOREIGN
OWNER, JANUARY 1 - DECEMBER 31, 1989
(NUMBER )
PARCELS WITH
OWNER OWNERS PARCELS ACRES PARTIAL ACREAGE
REPORTING| REPORTED INTEREST EQUIVALENT 2/
REPORTED 1/
! .
INDIVIDUAL 35 42 17,027 4 6,923
CORPORATION 76 226 ©6101, 956 6 79,838
PARTNERSHIP 14 18 20,027 ° 20,027
TRUST i 9 1,288 ° 1,288
TOTAL 127 295 140,298 10 118,076
i
1/ PARCELS WITH PARTIAL INTERESTS ARE THOSE PARCELS WHICH ARE OWNED

ONLY IN PART BY THE FORE
LESS THAN 100 PERCENT!
2/

TABLE 36--DISPOSI

2/ ACREAGE EQUIVALENT E
BY THE PERCENTAGE HELD BY THE FOREIGN

IGN INVESTOR; THAT

IONS OF FOREIGN-OWNED U.S.

Is,

A PERCENTAGE

INTEREST

QUALS THE TOTAL ACREAGE REPORTED MULTIPLIED
OWNER.

AGRICULTURAL: LAND

T
BY SIZE OF DISPOSITION, UANUARY 1 - DECEMBER 31, 1989
OWNERS PARCELS SELLING
SIZE REPORTING REPORTED ACRES PRICE
(ACRES) (NUMBER ) (NUMBER) (NUMBER ) (1,000
DOLLARS) 1/
LESS THAN 20 19 33 181 1,565
20-59 26 35 938 10,643
60-99 15 22 1,225 7,848
100-299 25 45 4,449 15,372
300-999 24 67 13,785 41,948
4000 OR’ MORE 18 93 119,720 87,497
TOTAL 127 295 140,298 164,873
4/ SELLING PRICE IS VALUE AT TIME OF DISPOSITION.

40



TABLE 19--U.S. FOREST AND OTHER NONAGRICULTURAL

LANDHOLDINGS
BY COUNTRY OF FOREIGN OWNER, DECEMBER 31, 1989
| (NUMBER)
counrns| owwers | pancers | acres
ARGENTINA 2 2 204
AUSTRALIA 3 4 520
AUSTRIA 6 17 16,651
BAHAMAS 1 1 7.200
BELGIUM 2 2 160
BELIZE 1 2 102
BERMUDA 7 13 44,561
BRITISH VIRGIN |ISLANDS 4 6 20,237
‘CANADA 208 280 1,144,852
CAYMAN ISLANDS a 4
DENMARK 3 4
EGYPT 3 4
EL SALVADOR 4 1
FRANCE 7 10
GERMANY (WEST) 130 187
GREECE 3 3
HONG KONG 2 5
INDIA 1 1
IRAN 3 3
ITALY . 1 1
UAMATCA 1 1
UAPAN, 2 2
JORDAN 3 4
KOREA (SOUTH) 1 1
LEBANON 2 2
LIBERIA 2 2
LIECHTENSTEIN Fy 12
LUXEMBOURG 1 1
MEXICO 2 2
NETHERLANDS 4 6
NETHERLANDS ANTILLES 20 20
PANAMA 4 7
PHILIPPINES 3 3
ST VINCENT 1 1
SAUDI ARABIA 3 3
SWEDEN 2 2
SWITZERLAND 13 18
SYRIA 2 2
TAIWAN 1 1
TURKS ISLANDS 4 4
UNITED KINGDOM 92 38
VENEZUELA 6 9
VIETNAM 4 1
MULTIPLE 7 a 5.619
THIRD TIER a 9 43,543
SUBTOTAL 1/ 518 716 1,602,769
US/AUSTRALIA 1 1 315
US/AUSTRIA 3 5 2,357
US/BAHAMAS, 1 2 3,384
US/BELGIUM 4 7 5,896
US/BERMUDA 4 17 9,783
US/BRITISH VIRGIN
ISLANDS 1 3 1,023
US/CANADA 36 395 871,998
US/CHINA 1 1 451
US/DENMARK 4 4 5.176
US/EGYPT 1 1 155
US/FINLAND 2 14 3,047
US/FRANCE 12 97 664,155
US/GERMANY (WEST) 16 35 11,293
US/GREECE 1 1 147
US/JAPAN 14 22 12,703
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 2 2 217
US/NETHERLANDS 9 23 19,233
US/NETHERLANDS | ANTILLES: 8 12 1,333
US/NORWAY 1 1 25
US/PANAMA Ss 5 2,359
US/PHILIPPINES 1 1 631
US/OATAR 1 1 219
US/SAUDI ARABI 1 18 3,193
US/SWITZERLAND 10 18 42,057
US/UNITED KINGDOM 45 193 1,902,098
US/VENEZUELA 3 3 1,787
US/MULTIPLE 4 14 161,085
US/THIRD TIER 2 iT 233,544
SUBTOTAL 2/ 202 1,030 3,970,644
720 1,746 5,879,413

TOTAL

4/_ TOTAL INTERESTS EXCLUDING U.S. CORPORATIONS WITH

FOREIGN SHAREHOLDERS.

TOTAL INTERESTS OF U.S. CORPORATIONS WITH FOREIGN

2,
SHAREHOLOERS.

24



Interest in Land

Ninety-two percent of the parcels, accounting for 65 percent of
the reported acres, were acquired in fee interest whole (table
25). Thirty-two percent of the acres account for a less than
complete ownership interest.

Method of Acquisition

Sixty-six percent of the parcels, covering 49 percent of the
acres, were acquired for cash only (table 25). This compares
with 6 percent of the parcels, covering 28 percent of the acres,
which were acquired by trade only.

Land Use

Of the acres acquired in 1989, 50 percent were in forest, 13
percent in pasture, 19 percent in crop, 11 percent in other
agriculture, and 7 percent in other nonagriculture (table 26).

Separating out data on reports for only forest land or forest
land and other nonagricultural land shows that 22 percent of the

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

UANUARY 1 - DECEMBER 31, 1989
(NUMBER )
ITEM PARCELS ACRES
REPORTED
INTEREST:
FEE INTEREST WHOLE 277 197,300
FEE INTEREST PARTIAL 1/ 18
PURCHASE CONTRACT 5
OTHER 2
TOTAL 302 308,739
METHOD OF ACQUISITION:
CASH ONLY 200 149,524
CREDIT ONLY 35 18,121
TRADE ONLY 16 85,296
GIFT/INHERITANCE ONLY 4 659
FORECLOSURE ONLY 1 17
OTHER METHOD ONLY 34 48,106
CASH & CREDIT ONLY 4 3,456
CASH & TRADE ONLY 2 4390
NONCASH COMBINATIONS 2 70
TOTAL 302 305,739
OWNER-REPRESENTATIVE:
ATTORNEY 124 164,443
MANAGER 58 57,127
AGENT 40 28,459
OTHER 66 54,463
FOREIGN OWNER 14 1,247
TOTAL 302 305,739

4/ 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


cash and credit only category covers an additional 9 percent of
the parcels and 11 percent of the acres.

Relationship of Foreign Owner to Representative

Forms were most commonly completed by the attorneys, accounting
for 30 percent of the parcels and 31 percent of the total acreage
(table 10). The second largest group is the other category,
which includes accountants, family members, and people associated
with or employed by corporations. People in the other category
filed forms for 21 percent of the parcels, representing 21
percent of the foreign-held agricultural land.

Land Use

Forty-six percent of the reported foreign-owned holdings of
agricultural land is timber or forest land (table 11); cropland
accounts for only 18 percent. Foreign-owned cropland, pasture,
and other agricultural land (which includes, for example, or-
chards and vineyards) total 49 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, 1989
(NUMBER)
ITEM PARCELS ACRES
INTEREST:

FEE INTEREST WHOLE 11,358 10,766,850
FEE INTEREST PARTIAL 1/ 854 1,594,697
LIFE ESTATE 40 8,137
TRUST BENEFICIARY 197 413,514
PURCHASE CONTRACT 783 332,319
OTHER 84 53,990
TOTAL . 13,316 12,875,504

METHOD OF ACQUISITION:
CASH ONLY 6,084 4,262,741
CREDIT ONLY 4,377 2,242,218
TRADE ONLY 259 581,364
GIFT/INHERITANCE ONLY 343 226,857
FORECLOSURE ONLY 27 40,222
OTHER METHOD ONLY 821 3,181,572
CASH & CREDIT ONLY 1,165 1,400,028
CASH & TRADE ONLY 68 612,666.
CASH & ANY OTHER COMBINATION 43 55,503
NO REPORT 54 22,650
NONCASH COMBINATIONS 75 249,683
TOTAL 13,316 12,875,504

OWNER-REPRESENTATIVE:
ATTORNEY 3,985 4,037,149
MANAGER 2,448 3,738,639
AGENT 1.437 1,153,034
OTHER 2,848 2,669,463
FOREIGN OWNER 2,394 1,080,324
NO REPORT 204 196,895
TOTAL 13,316 12,875,504

4/ 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, 50 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 37--DISPOSITIONS OF U.S.

OWNER, JANUARY 1

- DECEMBER 31, 1989

AGRICULTURAL LAND BY COUNTRY OF FOREIGN

OWNERS PARCELS SELLING
COUNTRY REPORTING | REPORTED ACRES PRICE
(NUMBER ) (NUMBER ) (NUMBER ) (1,000
DOLLARS) 1/

ARGENTINA 1 1 157 240
AUSTRIA 1 1 1 8
BAHAMAS 1 2 685 1,275
BERMUDA 1 1 103 95
BRITISH VIRGIN ISLANDS 2 2 +167 3,004
CANADA T 8 20,442 578
CAYMAN ISLANDS 3 3 1,733 2,467
ECUADOR 1 1 10 28
FRANCE 1 2 174 151
GERMANY (WEST) 2t 30 20,656 13,980
GREECE 1 1 96 30
HONG KONG 3 4 563 4,587
INDONESIA 1 1 20 65
ITALY 1 1 666 800
JORDAN 1 1 43 130
MEXICO 2 2 223 1,216
NETHERLANDS 5 6 320 630
NETHERLANDS ANTILLES 7 15 835 4,310
PANAMA 2 4 176 3,048
SWITZERLAND 5 19 1,904 1,889
UNITED KINGDOM 3 3 150 1,296
U.S.S.R. 1 1 84 2
VENEZUELA 4 5 6,063 4,579
THIRD TIER 2 6 14,680 8.228

SUBTOTAL 2/ 17 120 71,948 52,636
US/BELGIUM 1 3 21 18
US/BERMUDA 2 2 896 3,790
US/CANADA 12 30 3,347 26,910
US/COLOMBIA 1 1 305 794
US/FRANCE 5 23 21,307 5,097
US/GERMANY (WEST) 2 2 160 133
US/HONG KONG 1 1 1,933 9,738
US/UAPAN 2 4 7,353" 19,237
US/MEXICO 1 1 80 5
US/NETHERLANDS 2 2 147 535
US/NETHERLANDS ANTILLES 1 7 822 3.127-
US/PANAMA 2 2 173 2,076
US/SAUDI_ ARABIA 1 2 1,152 750
US/SWITZERLAND 8 7 5,102 14,534
US/UNITED KINGDOM 8 77 25,256 25,093
US/VENEZUELA 1 1 296 400

SUBTOTAL 3/ 50 175 68.350 112,237
TOTAL ALL

LAND DISPOSITIONS 127 295 140,298 164,873

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.

41

CORPORATIONS WITH FOREIGN SHAREHOLDERS


TABLE 39--DISPOSITIONS OF U.S. AGRICULTURAL LAND BY COUNTRY OF FOREIGN OWNER, BY USE,

UANUARY 1 - DECEMBER 31, 1989
(ACRES)
COUNTRY CROPLAND PASTURE FOREST OTHER OTHER NON- TOTAL
AGRICULTURE | AGRICULTURE

ARGENTINA ° ° ° ° 187 157
AUSTRIA ° ° ° ° 1 1
BAHAMAS 532 ° ° ° 153 685
BERMUDA ° ° ° ° 103 103
BRITISH VIRGIN ISLANDS ° 1,691 ° 70 406 2,167
CANADA 20 80 20,282 14 a9 20,442
CAYMAN ISLANDS 35° 1,503 100 95 ° 4,733
ECUADOR ° ° ° 10 ° 10
FRANCE 174 ° ° ° ° 174
GERMANY (WEST) 5,521 12,398 2,344 46 347 20,656
GREECE ° ° ° 96 96
HONG KONG ° 323 240 ° : ° 563
INDONESIA ° ° 20 ° ° 20
ITALY 145 ° 521 ° ° 666
JORDAN ° 43 ° ° ° 43
MEXICO 26 ° ° ° 197 223
NETHERLANDS 194 ° 42 54 30 320
NETHERLANDS ANTILLES 228 320 268 ° 19 835
PANAMA 160 ° ° 16 ° 176
SWITZERLAND 689 302 433 42a 50 1,904
UNITED KINGDOM 444 ° ° 9 ° 150
U.S.S.R. 50 34 ° ° ° 84
VENEZUELA 3,720 1,438 900 5 ° 6.063
THIRD TIER ° 775 13,905 ° ° 14,680

SUBTOTAL 1/ 11,632 18,907 39,061 740 1,608 71,948
US/BELGIUM ° ° 24 ° ° 24
US/BERMUDA 896 ° ° ° ° 896
US/CANADA 1.599 347 230 807 364 3,347
US/COLOMBIA 305 ° ° ° ° 305
US/FRANCE ° ° 21,218 39 50 21,307
US/GERMANY (WEST) 131 29 ° ° ° 160
US/HONG KONG ° 1,933 ° ° ° 1,933
US/JAPAN 380 4,068 219 45 2,644 7,353
US/MEXICO ° 80 ° ° ° 80
US/NETHERLANOS ° ° 4a 103 ° 147
US/NETHERLANDS ANTILLES ° ° 822 ° ° 822
US/PANAMA 173 ° ° ° ° 173
US/SAUDI_ ARABIA 725 ° a27 ° ° 1,152
US/SWITZERLAND 3.649 7 356 984 39 5, 102
US/UNITED KINGDOM 1,146 32 23,921 78 79 25,256
US/VENEZUELA 290 ° ° 6 ° 296

SUBTOTAL 2/ 9,294 6,563 47,258 2.062 3.173 68,350
TOTAL ALL

LAND DISPOSITIONS 20,926 25,470 86,319 2,802 4,784 140,288

i1/ TOTAL INTERESTS EXCLUDING U.S.
2/ TOTAL INTERESTS OF U.S.

CORPORATIONS WITH FOREIGN SHAREHOLDERS.

43

CORPORATIONS WITH FOREIGN SHAREHOLDERS.


TABLE “S$. AGRICULTURAL LANDHOLDINGS OF FOREIGN OWNERS BY STATE, DECEMBER 31, 1989
I
TOTAL _LANO PRIVATELY OWNED FOREIGN-OWNED |PROPORTION OF
AREA AGRICULTURAL AGRICULTURAL FOREIGN-OWNED TO
STATE OF STATE 4/ LAND 2/ LAND PRIVATELY OWNED
(1,000 ACRES) (1,000 ACRES) (ACRES) AGRICULTURAL LAND
(PERCENT)
ALABAMA 32,491 298,756 1.0
ALASKA 365,333 416 at
ARIZONA 72,645 271,197 2.5
ARKANSAS 33,330 182,658 “6
CALIFORNIA 100,031 942,821 2.0
COLORADO 66,301 535,139 1.4
CONNECTICUT 3,118 1,120 NEG
DELAWARE 1,237 6.211 16
FLORIDA 34,658 958.429 4
GEORGIA 37,156 576,047 1.7
GUAM 135 336 4
HAWAII 4,492 106,559 5.3
IDAHO 52,744 18,796 ft
ILLINOIS 35,613 121,622 4
INDIANA 22,996 45,730 22
IOWA 35,818 31,662 .
KANSAS 52,338 78,029 +2
KENTUCKY 25,388 84,443 4
LOUISIANA 28,494 679,634 2.6
MAINE 19,837 2,067,155 41.0
MARYLAND 6,296 51,210 0
MASSACHUSETTS, 5,008 1,934 :
MICHIGAN 36,451 200,676 8
MINNESOTA 50,911 230,808 6
MISSISSIPPI 30,229 442,365 1.7
MISSOURT 44,125 59,848 :
MONTANA 93,048 487,812 a)
NEBRASKA 49,052 76,265 +2
NEVADA 70,332 156,465 2.4
NEW HAMPSHIRE 5,756 16,230 .3
NEW JERSEY 4,779 27,024 9
NEW MEXICO 77,654 34,454 742,164 2.2
NEW YORK 30,321 24,257 267,170 1.
NORTH CAROLINA 31,260 27,924 249,484 a)
NORTH DAKOTA 44,352 39,617 30,926 at
OHIO 26,243 22,979 169,560 “7
OKLAHOMA 43,939 38,875 31,375 :
OREGON 61,558 25,685 647,497 2.5
PENNSYLVANIA 28,728 22,380 73,498 “3
PUERTO RICO NA NA 839 NEG.
RHODE ISLAND 675 439 ° °
SOUTH CAROLINA 19,330 15,932 198,023 1.2
SOUTH DAKOTA 48,609 38,241 42,901 :
TENNESSEE 26,339 22,901 170,295 17
TEXAS . 167,691 156,768 1,049,637 0.7
UTAH 52.527 10,779 61,710 6
VERMONT 5,935 5,251 91,080 1.7
VIRGINIA 25,410 21,499 115,583 3
WASHINGTON 42,567 23,028 378,527 1.6
WEST VIRGINIA 15,436 13,744 74,156 “5
WISCONSIN 34,833 27.637 23,287 :
WYOMING 62,073 26,142 100,395 4
TOTAL 2,265,242 1,290,302 12,875,504 1.0

4/1980 LA

2/ PRIVATE
DEPT.AGR., 197:
URBAN LANDS.

ND AREA FROM ctocrapry DIVISION, CENSUS BUREAU.
Ly HELD LAND BASED ON T. FREY, UNPUBLISHED DATA, ECON. RES. SERV. . U.S.

9. ESTIMATE O
INCLUDES FORES|T

LAND, PASTURELAND,

TOTAL LAND LESS PUBLIC, INDIAN, TRANSPORTATION, AND

CROPLAND, RANGE, AND MISCELLANEOUS