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

Purchase Price and Value of Holdings. As noted earlier under
"Type of Foreign Owner," corporations own 71 percent of the
acreage. Corporate purchase price and nonpurchase price
(estimated value) at time of acquisition account for 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 $741; followed by
partnerships, $750; individuals, $928; and all others, $1,940.

For recent acquisitions, purchase price generally will be close
to, but not necessarily the same as, current value. As time
passes, purchase price becomes a poor indicator of current value.
For this reason, reported current value by date of acquisition
was adjusted to January 1994 for all years prior to 1994 (table
6). The total adjusted current value indicates a 2-percent

increase from the reported current value. The adjustment factor

TABLE 4--FOREIGN-OWNED U.S. AGRICULTURAL LANDHOLDINGS

BY SIZE OF HOLDING, DECEMBER 31, 1994
i

SIZE | owNeRS PARCELS ACRES

(ACRES) | (NUMBER ) (NUMBER ) (NUMBER)
LESS THAN 20 B82 929 9,152
20-59 1,362 1,557 46,712
60-99 710 839 55,083
100-299 1,736 2,214 306,161
300-989 1,627 2,512 899,521
1000 OR MORE 1,240 5,507 12,741,545
TOTAL 7,557 13,558 14,058,174

TABLE 5--VALUE OF U.S. AGRICULTURAL LANDHOLDINGS
BY TYPE] OF FOREIGN OWNER, DECEMBER 31, 1994

ACRES ACRES
WITH PURCHASE WITH NON-

OWNERS, PURCHASE PRICE 1/ NON- PURCHASE

OWNER (NUMBER) PRICE (4,000 PURCHASE PRICE 1/

REPORTED | DOLLARS) PRICE (4,000

(NUMBER ) REPORTED DOLLARS)

(NUMBER )

INDIVIDUAL 2,b60 765,007 790,910 144,575 50,365
CORPORATION 3,173 7,350,338 6,064,242 2,553,827 1,272,248
PARTNERSHIP 1,\148 2,669,731 1,973,154 256,404 220,886
ESTATE 8 281 1,073 700 59
TRUST 234 216,110 251,680 17,619 10,067
INSTITUTION 3 1,075 1,367 ° °
ASSOCIATION 3 9,402 12,789 159 465
OTHER 19 29,338 13,204 46,608 11,400
TOTAL 7,557 11,041,282 9,108,419 3,016,892 1,565,490

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

10



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

JANUARY 1 - DECEMBER 31, 1994
OWNERS PARCELS ACRES VALUE
COUNTRY REPORTING | REPORTED (NUMBER ) (4,000
(NUMBER ) (NUMBER ) DOLLARS) 4/

AUSTRALIA 3 3 706 1,604
AUSTRIA 3 5 380 1,332
BAHAMAS 2 2 1,297 14,955
BERMUDA 1 1 292 2,525
BRAZIL 1 1 1,079 655
CANADA 19 20 2,899 2,972
FRANCE 2 6 45,050 9,744
GERMANY 17 22 5,122 7,044
ITALY 2 3 165 922
JAPAN 5 5 142 7,739
LIECHTENSTEIN 1 1 792 284
MEXICO 1 1 328 150
NETHERLANDS 5 6 1,065 4,186
PAKISTAN 1 1 14 16
PHILIPPINES 1 1 19 23
SOUTH AFRICA 1 1 80 116
SWITZERLAND W 14 314 1,861
TAIWAN 4 4 204 oni
UNITED KINGDOM 7 35 7,277 19,459
VENEZUELA 1 1 103 87

SUBTOTAL 2/ 8B 133 67,328 76,615
US/AUSTRALIA 1 2 2,622 3,004
US/AUSTRIA 1 1 799 925
US/BAHAMAS 3 3 124 11,000
US/BELGIUM 3 5 395 836
US/BERMUDA 1 1 175 1,000
US/BRITISH VIRGIN

ISLANDS 2 2 366 232
US/CANADA 9 14 2,821 3,648
US/DENMARK 1 1 100 249
US/FRANCE 5 10 3,179 15,413
US/GERMANY 14 34 4,846 4,006
US/ INDONESIA 1 1 100 350
US/ITALY 1 1 592 550
US/JAPAN 9 4 6,168 15,619
US/LIECHTENSTEIN 1 1 120 10
US/MALTA 1 1 500 750
US/MEXICO 2 2 1,038 2,388
US/NETHERLANDS 1 2 1,055 844
US/SINGAPORE 4 1 73 60
US/SWITZERLAND 5 6 5,261 6,707
US/TAIWAN 1 1 679 4,000
US/UNITED ARAB EMIRATES 1 2 220. 1,430
US/UNITED KINGDOM 10 22 7,402 7,998
US/MULTIPLE 3 4 202 610
US/THIRD TIER 1 2 318 281

SUBTOTAL 3/ 78 130 39,152 81,910
TOTAL ALL

LAND ACQUISITIONS 166 263 106 , 480 158,525

4A/) VALUE
2/ TOTAL
SHAREHOLDERS
3/ TOTAL

IS PURCHASE PRICE OR NONPURCHASE PRICE
INTERESTS EXCLUDING U.S. CORPORATIONS WITH FOREIGN

31

(ESTIMATED VALUE).

“INTERESTS OF U.S. CORPORATIONS WITH FOREIGN SHAREHOLDERS


Acquisitions

Foreign persons reported that they had acquired 263 parcels of
U.S. agricultural land, covering 106,480 acres during January 1-
December 31, 1994 (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, 1994, closing date of this report were received
for processing by USDA. Therefore, a number of reports for
October, November, and December are not included in this report.
A further understatement of the acreage acquired by foreign
persons during the reporting period may result from reports that
are not timely filed and/or completed by the closing date of this
report. Consequently, such reports would not have been processed
for inclusion in this report.

TABLE 18--U.S. AGRICULTURAL LAND ACQUISITIONS OF FOREIGN OWNERS BY STATE
JANUARY 1 - DECEMBER 31, 1994

STATE VALUE STATE VALUE
AND U.S. ACRES (1,000 AND U.S. ACRES (1,000
TERRITORY (NUMBER) DOLLARS) TERRITORY (NUMBER ) DOLLARS)
4 a
ALABAMA 1,227 706 NEW YORK 2,013 1,669
ARIZONA 5,704 6,492 NORTH CAROLINA 1,108 1,663
ARKANSAS 660 _ 350 OHIO 294 953
CALIFORNIA 2,579 9,502 OKLAHOMA 3,057 2,090
COLORADO 45,733 10,982 OREGON 678 4,589
FLORIDA 3,456 43,649 PENNSYLVANIA 2,424 7,308
GEORGIA 2,203 2,928 RHODE ISLAND 17 600
ILLINOIS 944 2,530 SOUTH CAROLINA 968 1,443
INDIANA 524 912 SOUTH DAKOTA 131 97
KENTUCKY 1,377 5,401 TENNESSEE 2,826 3,326
LOUISIANA 1,442 11,486 TEXAS 6,363 12,096
MAINE 175 26 UTAH 201 1,940
MARYLAND 17 3,323 VERMONT 1,883 488
MINNESOTA 4,856 1,222 VIRGINIA 998 2,454
MISSISSIPPI 10,215 12,386 WASHINGTON 797 3,833
NEBRASKA 418 541 WEST VIRGINIA 253 119
NEVADA 120 12 WISCONSIN 663 477i
NEW MEXICO 156 938
TOTAL 106,480 158,525

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

27


Corporations account for the largest number of owners reporting
acquisitions of forest|or forest and other nonagricultural land--
70 percent of the owners reported acquiring 46 percent of the
parcels covering 53 percent of the acres (table 29).

Owners of parcels with|/less than 1,000 acres, 85 percent of the
owners, reported acquiring 57 percent of the parcels covering
only 33 percent of the| forest or forest and other nonagri-
cultural lands (table 30). The remaining 15 percent of the
owners, owning parcels |with 1,000 or more acres, reported
acquiring 43 percent of the parcels covering 67 percent of these
lands. |

Intended Use

Reports for 95 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 4.6 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
0.4 percent of the acres.

TABLE 29--U.S. FOREST AND OTHER NONAGRICULTURAL LAND ACQUISITIONS
BY TYPE OF FOREIGN OWNER, JANUARY 1 - DECEMBER 31, 1994

| (NUMBER )
PARCELS WITH
OWNER Owners || PARCELS ACRES PARTIAL ACREAGE
REPORTING] REPORTED INTERESTS EQUIVALENT 2/
{ REPORTED 1/
|
|
INDIVIDUAL 3 4 29 ° 29
CORPORATION 19 34 7,436 3 7,402
PARTNERSHIP ; 36 6,538 ° 6,538
TOTAL a7 14 14,003 3 13,969
I

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, 1994

i
SIZE OWNERS PARCELS ACRES VALUE

(ACRES) REPORTING REPORTED (NUMBER ) (4,000
(NUMBER ) (NUMBER) DOLLARS) 4/
| ,

LESS THAN 20 3 4 29 127
20-59 2 2 8g 5,015
60-89 1 2 76 22
100-299 10 16 1,762 2,209
300-999 7 18 2,664 4,739
1000 OR MORE 4 32 9,383 18,520

TOTAL 27 74 14,003 27,632

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 entity, if any) on the second-tier invest-
ments; that is, all foreign persons holding a significant inter-
est or substantial control in the reporting entity. In turn, a
second-tier entity may be required to provide information about
foreign persons who hold a significant interest or substantial
control in that entity.

When the foreign person is an individual from, or an entity
created under the laws of, for example, Germany, the report is

.-" 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 German--

the report is processed as "Multiple." Reports filed by U.S.
corporations with foreign shareholders are classified "U.S./-
(foreign country)." For example, a U.S. corporation with a

Canadian shareholder Who has a significant interest or substan-
tial control is processed as "U.S./Canada." Similarly, a U.S.
corporation owned by another U.S. corporation in which a Canadian
corporation has a significant interest or substantial control is
processed as "U.S./Canada." Where foreign shareholders with a
significant interest or substantial control are from a number of
countries, none of whiich predominates, the report is processed as
"U.S./Multiple." If three or more tiers of U.S. corporations are
listed with no foreign interest indicated, the report is pro-
cessed as "U.S./Third| Tier." Noncorporate entities with U.S.
interests are processed under the predominant country of origin.

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

The AFIDA procedures provide for land to be reported by parcels.
All land held in the same manner (type of interest), located in
one county, and acquired at the same time, is considered a parcel
and is to be 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 as separate owners.

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

4


TABLE 40--ACQUISITIONS AND DISPOSITIONS OF FORETGN-OWNED U:S. AGRICULTURAL LAND, BY DATE
UANUARY 1981 - DECEMBER 1994--CONTINUED
|
ACQUISITIONS DISPOSITIONS
DATE
PARCELS ACRES VALUE PARCELS ACRES VALUE
REPORTED (NuMBER) | (4,000 REPORTED (NUMBER) =| (1,000
(NUMBER) DOLLARS)1/ (NUMBER) DOLLARS) 1/
1991
YANUARY 56 17,086 58.166 28 4,760 5.413
FEBRUARY 47 13.745 39.234 39 5.369 14,772
MARCH 53 44,997 48.511 19 106.042 16,607
APRIL 40 55,901 36,548 45 50,261 18,333
MAY 106, 21,430 36.755 29 8.716 2.524
JUNE 47, 75,864 31.770 36 190,028 23,669
yULY 155, 133,053 170,008 16 7,352 8,828
AUGUST 53 21,881 17,334 36 4,424 6.023
SEPTEMBER 38, 21,534 28,858 18 2.765 8,201
OCTOBER 34 7.554 8.463 33 16,865 7.183
NOVEMBER 38 81514 14,458 29 8,042 31119
DECEMBER 77 37,888 38,769 68 162.716 27,013
MULTIPLE 9 ° ° 1 a1
TOTAL 744 459,447 528.871 397 564,400 139,599
1992
UANUARY 78 12,036 18,758 51 35,141 30,854
FEBRUARY 44 8,082 26,973 25 4,292
MARCH 46 42,378 41,082 54 28.876
APRIL 49 221937 43,086 69 15,121
MAY 33 43,268 13,853 54 69,863
UNE 34 18,730 16.472 56 28,012
JULY 49 36,840 49,093 55 55.678
AUGUST 46 82,232 96,621 87 52,792
SEPTEMBER 4s 157,829 56,052 56 327,812
OCTOBER 49 16,235 24,748 42 10,171
NOVEMBER 142 108,078 48,575 256 50, 152
DECEMBER 72 47,079 32,617 76 54,660
MULTIPLE ° ° ° 1 19
TOTAL ss} 595,724 467,930 852 732,589 273,468
1993
UANUARY 39 10.537 21,243 56 19,983 15,057
FEBRUARY 38 9.529 111946 58 14,479 18,382
MARCH 64 46,147 30,945 7 36.734 18,871
APRIL 58 17.640 23,360 57 29.243 20,694
MAY 47 87,960 39,845 51 128,442 33,984
JUNE 50 281214 21,862 52 33,159 13,230
vULY 70 163,747 23,005 58 14,065 8,036
AUGUST 23 25.570 6,022 83° 17,368 7,994
SEPTEMBER 54 24,152 44,225 56 14,005 13,704
OCTOBER 32 26,173 12,679 61 200/455 39,828
NOVEMBER 25 7,096 6.722 48 29.719 12,083
DECEMBER st 309,643 85,117 69 37,462 30,442
TOTAL i 756,408 323,971 720 575,114 231,945
1994
UANUARY 33 52,537 31,660 32 91,753 18,783
FEBRUARY 18 8,099 5.140 24 2,021 2,010
MARCH 26 9,084 20,395 29 291879 10.961
APRIL 38 3,607 41,330 34 11,327 12,476
May 28 51640 141350 30 4.357 51869
JUNE 27 10,562 13,833 46 9,482 30,741
JULY 23 2,566 17,815 45 102,685 17,992
AUGUST go 6,059 23,248 52 5,282 6,022
SEPTEMBER 23 5.373 7.078 38 4.765 4,883
OCTOBER lo 11041 5.927 25 6.713 3.533
NOVEMBER le 945, 10.176 13 905 1,281
DECEMBER 2 967 310 4 14,3918 430
TOTAL 263 106,480 161,262 372 280,484 115,041

|
‘4/ VALUE IS PURCHASE PRICE OR NONPURCHASE PRICE (ESTIMATED VALUE) AT TIME OF ACQUISITION.

46


TABLE 40--ACQUISITIONS AND DISPOSITIONS OF FOREIGN-OWNED U.S.
ual - DECEMBER 1994

NUARY 1981

AGRICULTURAL LAND, BY DATE

ACQUISITIONS DISPOSITIONS
DATE |
PARCELS ACRES VALUE PARCELS ACRES VALUE
REPORTED (NUMBER) | (1,000 REPORTED (NUMBER) | (1,000
(NUMBER) | DOLLARS) 1/ (NUMBER) DOLLARS) 1/
|
1981
UANUARY 152 67,059 106. 187 53 44,136 29,207
FEBRUARY 152 44,004 87,272 35 14,026 17.559
MARCH 284 | 2,489,023 1,922,653 4a 105) 183 31,220
APRIL 176 105.283 126.701 55 50,437 35.157
MAY 187 144.690 224,130 55 10,853 17,952
JUNE 197 115,763 111,843 60 50.818 35.890
JULY 176 137,844 183, 462 54 61,558 41,688
AUGUST 304 680,258 283,493 46 26,429 58,717
SEPTEMBER 156 50.684 1041517 40 5,287 81718
OCTOBER 157 111.370 66.220 47 18,190 13,804
NOVEMBER 157 75.567 77,122 50 231154 18,752
DECEMBER 149 113,428 108,537 61 31,421 35,779
MULTIPLE 7 11846 2,018 1 "1 204
TOTAL 2.254 | 4,136,819 3,404,155 601 438 503 344,047
1982
YANUARY 192 1.675 154,964 65 33,098 44,971
FEBRUARY 103 51.792 73,947 36 25.870 171294
MARCH 143 50.474 91,683 35 7,465 11,460
APRIL, 122 55.224 67,241 38 28.722 20,708
may 119 84,260 65.485 39 9,156 26,175
JUNE 139 78,924 65,084 47 29,471 39,797
vULY 136 70.556 87,916 39 11,608 19,166
AUGUST 108 192.259 97.743 31 15.860 231957
SEPTEMBER 78 47.416 35,028 29 24,456 10.701
OCTOBER 98 38,649 34.542 43 21830 21727
NOVEMBER 88 125,187 157.806 38 18,900 64.881
DECEMBER 92 36.484 55.906 56 151698 24,353
MULTIPLE 7 5.552 3.875 ° ° °
TOTAL 1,425 928, 152 991,217 496 223,134 303, 190
1983
UANUARY 98 31,593 59, 186 29 12,689 14,839
FEBRUARY 78 45.893 47.207 35 125.214 23,649
MARCH 73 22.921 46,244 33 8, 104 15,202
APRIL 112 92,058 59.255 70 20,300 22,575
MAY 118 37.318 67.502 68 27.497 18,420
JUNE 74 29.725 56.413 59 7,096 41,642
JULY 86 46.511 46.579 53 181659 27,690
AUGUST 7 33,826 30,901 53 34,153 23.677
SEPTEMBER "1 104,823 98,673 40 11,272 12,203
OCTOBER 48 19,091 27.416 at 4.874 28,029
NOVEMBER 77 55,024 324,795 61 176,802 230,889
DECEMBER 79 92,502 64,826 15 15,809
TOTAL 991 550,685 928,997 617 462,163 552,954
1984
UANUARY 117 318,592 138,527 126 55,223 56,439
FEBRUARY 43 19,078 50,271 27 13,820 22.447
MARCH 68 78,165 89,735 52 26,609 24,878
APRIL at 72,868 95,844 48 34,489 40,763
may 66 14,031 19,148 39 7.821 10,568
JUNE 74 50,882 70,820 42 29,884 37,041
yULY 53 14,082 156,181 a7 14, 162 24.759
AUGUST 68 35.707 90,410 48 13,792 30,865
SEPTEMBER 56 26.637 41.415 53 6.278 9.699
OCTOBER 47 19,633 36,530 35 21,380 28,153
NOVEMBER 46 43.760 44,772 61 14,085 16,550
DECEMBER 88 964,261 278,404 71 836,284 101,679
MULTIPLE 1 170 575 ° ° °
TOTAL sos | 1,657,866 1,109,632 649 1,073,627 403,841
1985
- JANUARY 55 115,007 73,409 27 7,395 9,947
FEBRUARY 29 8,852 24,450 19 12,167 10,931
MARCH 45 13,452 89,034 29 5,798 16,496
APRIL 46 17,054 20,673 a7 9.285 13,290
MAY at 60,783 231631 34 21844 6.900
JUNE 40 21,624 25.164 26 26.265 wNa74
vULY 49 68,482 51,147 27 2.062 3.414
AUGUST 36 8.747 15,716 34 7.434 4.109
SEPTEMBER 116 | 1,755,035 40,243 28 193,417 14,736
OCTOBER 60 17,248 85,513 35 15,237 7.979
NOVEMBER 26 81715 26,494 18 6.974 7.340
DECEMBER 139 83,297 71.154 144 37,826 50,159
MULTIPLE 1 439 293 ° °
TOTAL 683 | 2,178,745 546,918 465 326,701 153,472
CONTINUED ~~
44



U.S. 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,

UANUARY 1 - DECEMBER 31, 1994
(NUMBER )
SOUTH WEST NORTHEAST MIDWEST
COUNTRY |
parcecs | acres | parcets | acres | PARCELS | ACRES | PARCELS | ACRES
REPORTED | REPORTED REPORTED REPORTED

AUSTRIA 1 804 ° ° ° ° ° °
BERMUDA ° ° 2 49 ° ° ° °
CANADA 2 903 s 1,258 4 304 2 801
CAYMAN ISLANDS 1 233 ° ° ° ° ° °
DENMARK ° ° ° ° ° ° 3 369
EGYPT 4 58 ° ° ° ° ° °
FRANCE 9 87 10 47,181 ° ° ° °
GERMANY 17 4,083 7 733 3 220 9 2.314
ITALY ° ° 1 125 ° ° ° °
UAPAN 1 15 ° ° ° ° 3 23
LEBANON ° ° ° ° 1 59 ° °
LIECHTENSTEIN 1 1.477 ° ° ° ° ° °
MEXICO 1 5 ° ° ° ° ° °
NETHERLANDS, 1 ” ° ° ° ° 4 765
NETHERLANDS ANTILLES 1 72 ° ° ° ° ° °
NORWAY ° ° ° ° ° ° 1 320
PANAMA ° ° 1 44,368 ° ° ° °
PHILIPPINES ° ° 7 70 ° ° ° °
SWITZERLAND 12 812 1 74 ° ° ° °
UNITED KINGDOM 23 3,237 9 5,132 ° ° ° °

SUBTOTAL 1/ ” 11,857 43 95,990 8 11,583 22 4,592
US/ARGENTINA ° ° ° ° ° ° 2 486
US/AUSTRALIA ° ° ° ° ° ° 1 4
US/AUSTRIA ° ° 1 79 ° ° ° °
US/BELGIUM 4 14 ° ° ° ° 3 817
US/BRITISH VIRGIN

TSLANDS ° ° ° ° ° ° 42 208
US/CANADA 18 1,903 ° ° 3 168 2 41
US/F INLAND 1 67 ° ° ° ° ° °
US/FRANCE 25 16,286 8 8,056 1 730 6 1,584
US/GERMANY 9 2.593 1 8 2 106 13 1,239
US/TRELAND 3 289 ° ° ° ° ° °
US/JAPAN 1 387 ° ° ° ° ° °
US/LIECHTENSTEIN 1 80 ° ° ° ° 1 a76
US/NETHERLANDS 4 1,059 ° ° ° ° ° °
US/NETHERLANDS ANTILLES 6 4,076 ° ° ° ° ° °
US/PANAMA ° ° ° ° 4 181 ° °
US/SWITZERLAND 4 1,692 2 341 ° ° ° °
US/UNITED KINGDOM 17 1,470 10 12,334 1 338 33 99,034
US/THIRD TIER 2 252 ° ° ° ° ° °

SUBTOTAL 2/ 95 | 30,168 22 © 20,815 8 1,583 103 103,896
TOTAL ALL

LAND DISPOSITIONS 166 | 42,025 65 116,805 16 13,166 125 108,488

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

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

42



TABLE 8--U.S. AGRICULTURAL LANDHOLDINGS BY COUNTRY OF FOREIGN OWNER,
or 194

ECEMBER 31,
(NUMBER)
country | omens parcets acres
ARGENTINA 37 45
AUSTRALIA 18 24
AUSTRIA 60 a1
BAHAMAS 36 53
BAHRAIN 2 2
BARBADOS 1 3
BELGIUM i 88 103
BELIZE i 4 6
BERMUDA I 50 66
BOLIVIA i 2 2
BRAZIL ! 3 12
BRITISH VIRGIN ISLANDS 30 42
CANADA 1,349 1,659
CAYMAN ISLANDS, aT 58
CHILE 8 14
CHINA 8 10
COLOMBIA 32 38:
COSTA RICA 8 10
CROATIA 2 2
UBA 3 4
CZECH REPUBLIC 2 2
DENMARK 15 18
DOMINICAN REPUBLIC 12 12
ECUADOR 22 28
EGYPT 13 15
EL SALVADOR 3 3
FINLAND 1
FRANCE 144 185
GAMBIA 1 1
GERMANY 1,060 1,794
GREECE 17 24
GUATEMALA 10 1
GUYANA 1 1
HONDURAS 12 12
HONG KONG 60 88
HUNGARY 1 1
INDIA 12 15
INDONESIA 2 4
IRAN 20 23
IRELAND 6 15
ISRAEL 5 6
ITALY 40 52
IVORY COAST 1 1
UAMAICA 3 3
JAPAN 103 133
UORDAN 16 18
KAMPUCHEA 1 1
KOREA (SOUTH) 8 8
KUWAIT 4 16
Laos 1 1
LEBANON 31 at
LIBERIA 15 21
LIECHTENSTEIN 119 169
LUXEMBOURG 6 8
MALAYSIA 4 8
MEXICO 226 286
Morocco 2 5
NAMIBIA 2 3
NETHERLANDS, 242 316
NETHERLANDS ANTILLES 292 380
NEW ZEALAND 4 5
NICARAGUA 3 4
NORWAY 20 20
‘OMAN 2 5
PAKISTAN 7 7
PANAMA 127 156
PERU 19 20
PHILIPPINES 32 43
POLAND 1 1
PORTUGAL 8 4
RUSSIA 1 4
ST VINCENT 2 4
SAUDI ARABIA a4 et
SINGAPORE 3 3
SOMALIA 1 1
SOUTH AFRICA 7 8
SPAIN 18 23
‘SWEDEN 29 aa
SWITZERLAND 387 534
SYRIA 6 8
TAIWAN 32 36
TANZANIA 2 2
THATLAND 8 10
TRINIDAD & TOBAGO 3 3
TURKEY 1 1
TURKS ISLANDS 8 12
UNITED ARAB EMIRATES 12 15
UNITED KINGDOM 245 501
uRUGUAY 6 8
VENEZUELA 91 143
VIETNAM 1 1
ZIMBABWE 1 1
a CONTINUED. ~
14



TABLE 24--FOREIGN OWNERSHIP |OF U.S. AGRICULTURAL LAND ACQUISITIONS BY U.S. REGION,
UANUARY 1 - DECEMBER 31, 1994
| (NUMBER)
SOUTH | WEST NORTHEAST MIDWEST
COUNTRY |
PARCELS | ACRES PARCELS ACRES PARCELS ACRES | PARCELS ACRES
REPORTED REPORTED REPORTED REPORTED

AUSTRALIA 1 300 ° ° 2 406 ° °
AUSTRIA 3 36 ° ° 1 17 1 327
BAHAMAS, 2 1,297 ° ° ° ° ° °
BERMUDA 1 292 ° ° ° ° ° °
BRAZIL 1 1,079 ° ° ° ° ° °
CANADA 1 13 9 647 9 2,004 1 235
FRANCE 1 10 5 45,040 ° ° ° °
GERMANY 12 3,877 ° ° 4 44s 6 800
ITALY 2 45 1 120 ° ° ° °
JAPAN 2 66 1 52 1 23 1 1
LIECHTENSTEIN 1 792 ° ° ° ° ° °
MEXICO 1 328 ° ° ° ° ° °
NETHERLANDS 5 1,048 ° ° 1 17 ° °
PAKISTAN ° ° 1 14 ° ° ° °
PHILIPPINES 1 19 ° ° ° ° ° °
SOUTH AFRICA ° ° ° ° ° ° 1 80
SWITZERLAND 14 314 ° ° ° ° ° °
TAIWAN 1 40 2 a4 ° ° 1 80
UNITED KINGDOM 25 4,878 8 927 2 1,472 ° °
VENEZUELA ° ° ° ° ° ° 1 103

SUBTOTAL 1/ 14 14,434 27 46.884 20 4,384 12 1,626
US/AUSTRALIA ° ° ° ° ° ° 2 2,622
US/AUSTRIA 1 799 ° ° ° ° ° °
US/BAHAMAS 3 124 ° ° ° ° ° °
US/BELGIUM 3 173 ° ° ° ° 2 222
US/BERMUDA 1 175 ° ° ° ° ° °
US/BRITISH VIRGIN

ISLANDS 1 246 1 120 ° ° ° °
US/CANADA 6 2.178 3 150 1 189 4 304
US/DENMARK 1 100 ° ° ° ° ° °
US/FRANCE 8 2,470 1 549 ° ° 1 160
US/GERMANY 19 3,081 1 160 12 1,277 2 328
US/ INDONESIA 1 100 ° ° ° ° ° °
US/ITALY 1 592 ° ° ° ° ° °
US/JAPAN 2 55 6 5,919 ° ° 3 194
US/LIECHTENSTEIN 1 120 ° ° ° ° ° °
US/MALTA 1 500 ° ° ° ° ° °
US/MEXICO 1 B82 1 156 ° ° ° °
.US/NETHERLANDS 2 1,055 ° ° ° ° ° °
US/SINGAPORE 1 73 ° ° ° ° ° °
US/SWITZERLAND 4 4,916 2 345 ° ° ° °
US/TAIWAN ° ° ° ° 1 679 ° °
US/UNITED ARAB EMIRATES 2 220 ° ° ° ° ° °
US/UNITED KINGDOM 4 590 8 1,612 ° ° 13 5,200
US/MULTIPLE 2 129 2 73 ° ° ° °
US/THIRD TIER 2 318 ° ° ° ° ° °

SUBTOTAL 2/ 67 18,893 22 9,084 14 2,145 27 9,030
TOTAL ALL

LAND ACQUISITIONS 144 33,327 49-55, 968 34 6,529 39 10,656

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

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

32


List of Tables

Table
1. U.S. agricultural landholdings of foreign owners by
State, December 31, 1994... ... 2. 2. 2 ee ete eee
2. U.S. agricultural landholdings by type of foreign
owner, December 31, 1994 . . . © 2 «© «© © © © we we we we
3. Foreign owners of U.S. agricultural landholdings by
State, December 31, 1994 . . 2. 2. 2. 2 we 2 ew ew we we ee
4. Foreign-owned U.S. agricultural landholdings by size of
holding, December 31, 1994... 2. 6. 2. 6 ee ee eee
5. Value of U.S. agricultural landholdings by type of
foreign owner, December 31, 1994... . 2. 1 2 ee eee
6. Value of foreign-owned U.S. agricultural landholdings
by date of acquisition, December 31, 1994 .......
7. Value of foreign-owned U.S. agricultural landholdings
by State, December 31, 1994 . . 2... 2 ee eee ene
8. U.S. agricultural landholdings by country of foreign
owner, December 31, 1994 . . 2. 2 «© © © we ew we we wee
9. Foreign ownership of U.S. agricultural landholdings by
U.S. region, December 31, 1994 .......4...4+%4.-
10. Foreign-owned U.S. agricultural landholdings by type of
interest, method of acquisition, and owner-
representative, December 31, 1994 ..........
11. Use of U.S. agricultural landholdings by country of
foreign owner, December 31, 1994 ......4+.4+4+e446-4
12. U.S. forest and other nonagricultural landholdings of
foreign owners by State, December 31, 1994 .......
13. U.S. forest and other nonagricultural landholdings by
country of foreign owner, December 31, 1994 ......
14. U.S. forest and other nonagricultural landholdings by
type of foreign owner, December 31, 1994. .......
15. Foreign-owned U.S. forest and other nonagricultural
landholdings by size of holding, December 31, 1994...
16. Intended use of U.S. agricultural landholdings of
foreign owners, December 31, 1994 ......4-.4 244-66
17. Tenure of foreign-owned U.S. agricultural landholdings,

December 31, 1994 . 2. 2. 2 2 2 ee ew we ew ew ew ew we ew

10

11

13

14

16

19

20

23

24

25

25

25

26


No change in intended use was reported for 94 percent of the

acres (table 16).

Intended use changes to other agricultural

usage were reported for holders of 2 percent of the acres.
Reports for 3 percent of the acres indicate that some change to

nonagricultural use is intended.

Such reports do not necessarily

mean, however, that all of these acres will be changed. What the
reports do mean is that the holders of these acres intended to
change the use of some of the acreage. However, the

does not ask how many acres will be involved.

report form

Reports represent-

ing 1 percent of the acres did not indicate intended use.

TABLE 14--U.S.
BY TYPE OF FOREIGN OWNER, DECEMBER 31, 1994

FOREST AND OTHER NONAGRICULTURAL LANDHOLDINGS

(NUMBER )
PARCELS WITH ACREAGE
OWNER OWNERS PARCELS ACRES PARTIAL EQUIVALENT 2/
INTERESTS 41/
INDIVIDUAL 402 489 117,998 36 116,694
CORPORATION 364 1,799 4,213,667 157 3,196,817
PARTNERSHIP 119 387 1,600,587 20 1,596,517
ESTATE 1 1 14 ° 14
TRUST 22 47 34,316 1 33,792
OTHER 5 6 1,063 ° 1,063
TOTAL 913 2,729 5,967,645 214 4,944,897
4/ PARCELS WITH PARTIAL INTERESTS ARE THOSE PARCELS WHICH ARE OWNED ONLY

IN PART BY THE

100 PERCENT.
2/ ACREAGE

THE PERCENTAGE

TABLE 16--INTENDED USE OF U.S.

FOREIGN INVESTOR; THAT IS,

TABLE 15--FOREIGN-OWNED U.S.
OTHER NONAGRICULTURAL LANDHOLDINGS
BY SIZE OF HOLDING, DECEMBER 31, 1994

FOREST AND

SIZE OWNERS PARCELS ACRES
(ACRES) (NUMBER ) (NUMBER ) (NUMBER )
LESS THAN 20, 128 132 1,439
20-59 203 217 6,763
60-99 84 96 6,448
100-299 173 221 29,280
300-999 144 264 81,908
1000 OR MORE 181 1,799 5,841,807

TOTAL 913 2,729 5,967,645

A PERCENTAGE INTEREST LESS THAN

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

AGRICULTURAL LANDHOLDINGS OF FOREIGN OWNERS,

DECEMBER 31, 1994
(NUMBER )
ITEM NO CHANGE OTHER {OTHER NON- NOT TOTAL
AGRICULTURE | AGRICULTURE| REPORTED
INDIVIDUAL:
PARCELS REPORTED 3,432 175 ot 87 3,755
ACRES 832,161 58,068 6,560 9,793 906,582
ORGANIZATION:
PARCELS REPORTED 8,328 438 865 174 9,803
ACRES 12,379,051 250, 190 371,870 150,345 13,151,592
TOTAL:
PARCELS REPORTED 41,760 613 956 228 13,558
ACRES 13,211,212 308 , 258 378,430 160,138 14,058,174

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, 1994

ACRES ACRES
WITH PURCHASE WITH NON-
DATE PARCELS ACRES. PURCHASE | PRICE 1/ NON- PURCHASE
ACQUIRED (NUMBER) (NUMBER ) PRICE (4,000 PURCHASE | PRICE 4/
REPORTED | DOLLARS) PRICE (4,000
(NUMBER ) REPORTED | DOLLARS)
(NUMBER)
1994 263 106,480 41,184 109,397 65.296 49,128
1993 499 718,862 233,378 157.590 485,484 193,122
1992 604 537,555 293,154 337.677 244,401 78.258
1991 587 304,773 250.741 339.455 54,032 73,400
1990 777 857,920 584,813 528.386 273,107 193,859
1989 631 = 1,031,118 914,604 701,179 116,514 94,524
1988 605 1,050,048 760.500 667.486 289,548 133,903
1987 444 446,469 353,995 278,649 92,474 51.078
1986, 565 1,754,776 1,534,848 402.325 219.928 180,038
1985 342 362,442 238,400 331,312 124,042 55,150
1984 449 518,734 462,196 412,541 56.598 141,795
1983 542 336,320 311,259 399,032 25,061 20, 169
1982 703 578.172 357,323 471,180 220,849 79,723
1981 1,089 983,362 619,468 691,289 363,894 163,950
1980 1,002 646.714 618,508 801.583 28,206 43.681
1979 1,074 854,439 810,264 1,066,084 44,175 26.836
1978 891 461,867 453,410 454,462 8,457 7,210
1977 478 364/928 355,202 302,279 9,726 5.644
1976 377 416,748 343,760 188,705 72,988 9,295
1975 230 195,684 192.379 97,306 3,305 1.714
1974-70 694 435,083 394,630 249,478 40,453 44,244
1969-60 453 509,557 423,073 83,581 86.484 7,342
BEFORE 1960 262 586, 123 494,193 37.443 91,930 4,430
TOTAL 13.558 14,058,174 11,041,282 9,108,419 . 3,016,892 1,565,490
ACRES REPORTED ADJUSTED
WITH CURRENT CURRENT
CURRENT VALUE 2/ VALUE 3/
VALUE (4,000 (4,000
REPORTED DOLLARS) DOLLARS)
(NUMBER)
1994 106,480 159,260 159,260
1993 718,862 293,097 301,890
1992 537,555 420,203 449,617
1991 304,773 415,323 448.549
1990 857.920 704,208 774,629
1989 1,031,118 816,906 923,104
1988 1,050,048 807.645 961,098
1987 446,469 335,504 416,025
1986 1,754,776 618, 162 747,976
1985 362,404 342,006 372,787
1984 518,529 555.214 533,005
1983 336,028 430,055 399,951
1982 576,245 600,754 528,664
1981 978,629 876,035 735,869
1980 560,307 708,564 623,536
1979 776,902 928,534 909,963
1978 388,879 462,095 452,853
1977 254,191 479,954 470,355
1976 365.139 2231414 218,946
1975 136,904 115.774 113,459
1974-70 303.115 336,173 329,450
1969-60 300,870 166,923 163,585
BEFORE 1960 561.756 101,559 99,528
TOTAL 13,227,899 10,897,362 11,134,097

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

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

3/ REPORTED CURRENT VALUE ADJUSTED TO UANUARY 1, 1994. REPORTED CURRENT VALUE FOR
HOLDINGS ACQUIRED IN 1994 IS UNADJUSTED.

11

MN


TABLE. 9--FOREIGN OWNERSHIP OF U.S. AGRICULTURAL LANDHOLDINGS BY U.S. REGION,

DECEMBER 31,

1994--CONTINUED

(NUMBER)
SOUTH west NORTHEAST MIDWEST
COUNTRY
parcecs | acres | parcers | acres | parcets | acres | parcets | ACRES

MULTIPLE 37 8.999 2500 41,159 7 2.821 6 1,166
THIRD TIER 13° 20,190 9 43,550 ° ° 4 2.447

SUBTOTAL 4/ 3.550 2,523,769 1,802 2,278,520 1,248 1,365,041 1,163 464,856
US/ANDORRA ° ° 1 3.744 ° ° ° °
US/ARGENTINA 4 1,757 1 1,092 ° ° 3 1,207
US/AUSTRALIA 4 1,797 1 37 ° ° 4 3,196
US/AUSTRIA 14 9.255 5 13,836 ° ° ° °
US/BAHAMAS 19251625 13 27,527 4 4,137 5 4,207
US/BARBADOS ° ° 1 at ° ° ° °
US/BELGIUM 56 30.698 8 35,484 8 12,553 40 9,749
US/BERMUDA 5O 28.197 5 7.983 7 1.654 3 430
US/BRAZIL 7 alent ° ° ° ° 48 9,489
US/BRITISH VIRGIN

TSLANDS 11 3.878 8 129,777 ° 10 289,981
US/CANADA 481 353,676 206 131,207 100 960,872 128 241,643
US/CAYMAN ISLANDS 16 9.668 5 +540 1 250 1 70
US/CHILE ° ° 3 91929 ° ° ° °
US/CHINA 8 15,267 1 322 ° ° ° °
US/COLOMBIA 9 91994 ° ° 1 160 ° °
US/COSTA RICA 1 407 ° ° ° ° ° °
US/DENMARK 6 1,335 5 5.636 ° ° 2 946
US/DOMINICAN REPUBLIC 1 589 ° ° ° ° ° °
US/ECUADOR 3 1.632 ° ° ° ° ° °
US/EGYPT 3 710 3 249 ° ° ° °
US/EL SALVADOR 6 607 ° ° ° ° ° °
US/F INLAND 4 2,152 ° ° ° ° 1 60
US/FRANCE 347 209.989 50 12,706 21 18,734 46 30,142
US/GERMANY 571 308.846 74 334.681 139° 44,795 136 © 182,304
US/GREECE 1 2 4.957 1 145 ° °
US/GUATEMALA 3 412 ° ° ° ° ° °
US/GUYANA 2 334 ° ° ° ° ° °
US/HONDURAS 1 37 ° ° ° ° ° °
US/HONG KONG 5 8.055 20 © 123,084 ° ° ° °
US/INDONESIA 5 644 ° ° ° ° ° °
US/IRAN 3 955 3 906 ° ° ° °
US/IRAQ ° ° 1 800 ° ° ° °
US/TRELAND 10 1,942 ° ° ° ° ° °
US/ISRAEL ° ° 3 ata ° ° ° °
US/ITALY 17 22,062 2 410 5 984 1 91
US/JAPAN 61 19,242 147 187,436 12 65.372 95 12,810
US/ JORDAN ° ° 3 434 ° ° ° °
US/KENYA 1 32 ° ° ° ° ° °
US/KOREA (SOUTH) 4 10 1 75 ° ° ° °
US/KUWAIT 5 1,196 4 6.066 1 772 3 296
US/LEBANON 4 550 ° ° 2 153 ° °
US/LIBERIA 8 5,120 4 18,023 5 3.590 ° °
US/LIBYAN ARAB REPUBLIC ° 3 28 ° ° ° °
US/LIECHTENSTE IN 34 68,326 49 24,026 3 670 12 6.343
US/LUXEMBOURG 14111866 15 2221241 1 94 4 350
US/MALAYSIA ° ° 1 300 ° ° ° °
US/MALTA 1 500 ° ° ° ° ° °
US/MEXICO 38 © 46,310 29 203,975 ° ° 1 2,200
US/NETHERLANDS, 132 64.363 142 208,727 17 3.533 118 87,259
US/NETHERLANDS ANTILLES Be 149,414 29 54.663 4 1,287 22 6.886
US/NEW HEBRIDES ° ° 1 883 ° ° ° °
US/NEW ZEALAND 3 3.777 1 46,678 ° ° ° °
US/NICARAGUA 2 282 ° ° ° ° ° °
US/NORWAY 7 8,161 ° ° 3 1,548 ° °
US/PANAMA 46 44.428 43 102,412 4 4.687 10 3.271
US/PARAGUAY 1 236 ° ° ° ° ° °
US/PERU 5 1,696 ° ° ° ° ° °
US/PHILIPPINES, 7 6.939 2 223 1 631 ° °
US/PORTUGAL 2 11683 ° ° ° ° ° °
US/QATAR 1 219 ° ° ° ° °
US/SAUDI ARABIA 23 10,295 ° ° ° 2 353
US/SINGAPORE 1 73 ° ° ° ° °
US/SOUTH AFRICA 3 2.573 ° ° ° 1 160
US/SPAIN 3 296 10 2 1,548 1 50
US/SWEDEN 3 2.028 1 1 107 4 874
US/SWITZERLAND 193 183,153 124 25 0 43,134 82 32.750
US/TAIWAN 9 31596 54 2 699 5 3.641
US/THATLAND ° ° 3 52 ° ° ° °
US/TRINIDAD & TOBAGO 1 20 ° ° ° ° ° °
US/TURKEY 2 443 ° ° ° ° ° °
US/UNITED ARAB EMIRATES 17 3.443 ° ° ° ° ° °
US/UNITED KINGDOM 500 250.055 141 628,515 80 47,716 155 98,432
US/URUGUAY 1 578 ° ° ° ° 1 40
US/ VENEZUELA 49 (37,821 1 1,500 7 861 ° °
US/MULTIPLE 45 14.633 13 6.300 4 17,609 15 142,635
US/THIRD TIER 137 983,173 7 2,791 1 702 2 350

SUBTOTAL 2/ 3.115 2,376,108 1,249 2,641,671 470 1,235,994 961 1,172,215
TOTAL ALL

LANDHOLDINGS 6.665 4,899,877 3.051 4,920, 191 1,718 2,601,035 2,124 1,637,071

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

2

TOTAL INTERESTS OF U.S.

17

CORPORATIONS WITH FOREIGN SHAREHOLDERS.


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

AGRICULTURAL LANDHOLDINGS

BY STATE, DECEMBER 31, 1994

ACRES REPORTED ADJUSTED

REPORTED WITH CURRENT CURRENT

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

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

DOLLARS) REPORTED DOLLARS) DOLLARS)

(NUMBER )

ALABAMA 300,375 188,245 292,924 189, 109 228,852
ALASKA 75 73 75 73 80
ARIZONA 331,859 290,573 258,872 297,974 303,137
ARKANSAS. 178,928 169,333 176,613 169,066 140,323
CALIFORNIA 918,771 1,930,673 861,300 1,934,756 1,923,455
COLORADO 642,309 386,298 618,340 366,353 396,197
CONNECTICUT 822 4,419 713 3,200 6,161
DELAWARE 5,878 17,449 5,610 16,495 27,044
FLORIDA 621,201 1,198,865 599,767 1,935,845 1,703,882
GEORGIA 561,412 506,329 532,638 535,869 538,001
HAWAIT 179,971 647,331 179,737 646,076 728,642
IDAHO 22,375 9,261 21,566 10,037 12,623
ILLINOIS 203,761 282,078 201,340 286,616 262,006
INDIANA 86,113 97,120 85,414 98,286 95,004
IOWA 32,459 50,261 30,808 54,376 34,821
KANSAS 67,958 36,285 65,281 35,901 29,855
KENTUCKY 114,225 241,635 108,737 241,581 274,243
LOUISIANA 667,587 177,876 650,336 224,224 182,978
MAINE 2,052,701 149,984 1,982,844 139,408 188,705
MARYLAND 51,112 129,626 138,222 173,130
MASSACHUSETTS 2,029 1,550 1,122 1,692
MICHIGAN 443,377 125,444 117,292 116,228
MINNESOTA 221,502 21,957 18,677 18,076
MISSISSIPPI 485,589 193,933 221,677 232,570
MISSOURI 73,790 73,056 79,335 69,659
MONTANA 476,198 79,323 80,500 83,050
NEBRASKA 76,585 14,626 25,352 18,787
NEVADA 285,773 20,613 20,167 20,235
NEW HAMPSHIRE 16,451 7,690 7,005 12,023
NEW JERSEY 18,366 85,685 71,679 144,022
NEW MEXICO 784,030 84,794 97,997 113,324
NEW YORK 275,995 85,794 90,407 130,364
NORTH CAROLINA 224,737 234,941 292,406 292,860
NORTH DAKOTA 27,840 5,461 8,025 7,742
OHIO 199,521 190,044 185,412 171,167
OKLAHOMA 58,047 21,429 26,084 23,690
OREGON 642,812 186,615 209, 166 240,982
PENNSYLVANIA 91,880 102,567 108,778 129,446
PUERTO RICO 839 696 938 824
RHODE ISLAND 17 600 600 600
SOUTH CAROLINA 197,137 199,395 188,686 195,337 195,274
SOUTH DAKOTA 42,957 15,354 37,938 14,942 11,748
TENNESSEE 82,734 82,813 78,466 74,249 83,268
TEXAS 1,173,564 1,453,133 1,064,564 1,309,318 1,287,736
UTAH 60,604 58,141 59,793 122,440 138,872
VERMONT 85,784 17,733 83,746 82,585 127,396
VIRGINIA 148,604 303, 408 127,060 293,676 319,051
WASHINGTON 388,439 202,134 356,868 221,912 249,547
WEST VIRGINIA 167,632 123,926 167,230 96,534 103,846
WISCONSIN 78,474 62,922 75,660 61,404 60,962
WYOMING 186,975 44,418 135,735 38,882 38,895
TOTAL 14,058,174 10,673,909 13,227,899 10,897,362 11,693,040

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

ACQUISITION.

2/ REPORTED CURRENT VALUE REFLECTS VALUE AT TIME OF REPORTING AFTER FEBRUARY 1, 1979.
1994. REPORTED CURRENT VALUE FOR

3/ REPORTED CURRENT VALUE ADJUSTED TO JANUARY 1,

HOLDINGS ACQUIRED IN 1994 IS UNADJUSTED.

13


Tenure

Tenants and foreign owners operate 38 percent and 30 percent of
the parcels of foreign-held U.S. agricultural land, respectively,
whereas managers operate only 10 percent of the parcels (table
17). No responses to the tenure question were received for the
remaining 22 percent of the parcels. Tenants operate 25 percent
of the acres, while foreign owners directly operate 45 percent
and managers 8 percent. No responses on tenure were received for
the remaining 21 percent of the acres.

Rental agreements were reported for 4,510 parcels, or 33 percent,
covering 21 percent of| the acres. Of the rental agreements, cash
agreements accounted for 71 percent and cropshare agreements for
27 percent of the parcels.

Tenure Change

No tenure changes were reported for 45 percent of the parcels, or
45 percent of the acres (table 17). Reports for 32 percent of
the parcels containing 31 percent of the acres indicate a new
tenure arrangement on at least part of the land. The acreage
affected by the new tenure arrangements is not reported. Thus,
the acreage may be overstated; that is, all acres in these
parcels are not necessarily affected by new tenure arrangements.
Nevertheless, reports |for 0.4 percent of the parcels, accounting
for 0.4 percent of the acres, indicated that some of the tenure
arrangements would remain the same and some would change. No
responses on tenure changes were received for 22 percent of the
parcels containing 24 |percent of the acres.

TABLE 17--TENURE OF FOREIGN-OWNED
US. AGRICULTURAL LANDHOLDINGS,
DECEMBER 31, 1994
(NUMBER )

f
TENURE PARCELS ACRES.

i

current: |
FOREIGN OWNER 4,025 6,368,889
MANAGER 1,310 1,172,489
TENANT | 5,181 3,507,698
NO REPORT 3,028 2,998,228
COMBINATION 14 10,870
TOTAL 13,558 14,058,174

RENTAL: | -
‘CROP 1,220 535,017
CASH 3,219 2,385,876
BOTH 71 78,645
NO REPORT 5,017 4,688,522
NoT APPLICABLE 4,034 6,370,114
TOTAL 13,558 14,058,174

INTENDED] CHANGE :
NONE 6,148 6,288,054
NEW 4,403 4,392,697
BOTH 59 50,294
NO REPORT 2,948 3,327,129
ToTal 13,558 14,058,174
26



another company owns 265,841 acres, and the other company,
accounting for 727, 207 acres, is a U.S. corporation in which
there are substantial foreign interests.

Hawaii, Nevada, and Arizona have the next largest proportions of
reported foreign-owned agricultural land to all privately owned
agricultural land in their States. Texas has the second largest
amount of foreign-owned acreage, 1,173,564 acres, but that

amounts to only 0.8 percent of the privately owned agricultural
land in Texas.

Characteristics of Foreign owners

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

Corporations own 55 percent of the parcels and 71 percent of the
acreage; individuals, |28 percent of the parcels and 6 percent of
the acreage; partnerships, 14 percent of the parcels and 21
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, foreigntowned acreage drops from 14.1 million acres
to 12.7 million, but distribution among the types of owners
remains relatively the same.

Corporate-held parcels average 1,324 acres, or 3,121 acres per
holder, while individual-held parcels average 244 acres, or 305
acres per holder. Partnership holdings average 1,543 acres per
parcel, or 2,549 acres per holder, and all other holdings average
760 acres per parcel,|or 1,203 acres per holder.

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

DECEMBER 31, 1994
(NUMBER)
PARCELS WITH | ACREAGE
OWNER OWNERS PARCELS ACRES PARTIAL
INTERESTS 1/ | EQUIVALENT 2/

INDIVIDUAL 2,969 3,755 906,582 265 820,210
CORPORATION 3,173 7,483, 9,904,165 384 8,777,388
PARTNERSHIP 1,148 1,897 2,926,135 206 2,820,056
ESTATE 8 41 981 4 967
TRUST 234 372 233,729 7 232,633
INSTITUTION 3 3. 1,075 4 1,015
ASSOCIATION 3 4 9,561 2 7,769
OTHER 19 33 75,946 ° 75,946

TOTAL 7,557 13,558 14,058,174 866 12,735,984

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.





Foreign persons from Canada own 42 percent of the foreign-owned
U.S. forest or forest and other nonagricultural lands (table 13).
Foreign persons from the United Kingdom own an additional 32
percent.

Individuals own 18 percent of the parcels but less than 2 percent
of the acres (table 14). Corporations reported holding 66
percent of the parcels, representing 71 percent of the acreage.
The remaining 16 percent of the parcels and 27 percent of the
acres are held by partnerships, estates, trusts, and others.

When partial interests are taken into account, the acreage
equivalent is 1,022,748 acres less than the acres for which
reports were filed.

Owners of parcels with less than 1,000 acres, 80 percent of all
the owners, own 34 percent of the parcels covering only 2 percent
of the forest or forest and other nonagricultural land (table
15). The remaining 20 percent of the owners, owning parcels with
1,000 acres or more, own 66 percent of the parcels covering 98
percent of these lands.

Intended Use

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

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

DECEMBER 31, 1994
(NUMBER)
STATE STATE
AND U.S. PARCELS ACRES AND U.S. PARCELS ACRES
TERRITORY TERRITORY

ALABAMA 345 258, 131|MISSOURT 4 3,264
ARIZONA 1 13] MONTANA 10 1,033
ARKANSAS 16 2,256|NEW HAMPSHIRE 21 13,478
CALIFORNIA 28 232,972|NEW JERSEY 2 262
COLORADO 6 2,948|]NEW MEXICO 3 9.450
CONNECTICUT 2 57|NEW YORK 145 223,321
FLORIDA 56 80,238]NORTH CAROLINA 81 49,454
GEORGIA 452 343,301] OHTO 13 9,706
HAWAIT 2 289] OKLAHOMA 1 66
IDAHO 2 156| OREGON 59 459,353
ILLINOIS 19 3, 100] PENNSYLVANIA 141 43,329
INDIANA 3 1466] SOUTH CAROLINA 100 125,210
KANSAS 1 20] TENNESSEE 33 34,525
KENTUCKY 58 38,401] TEXAS 33 12,199
LOUISIANA 39 495,750|UTAH 1 19
MAINE 148 2,008,659] VERMONT 195 57,027
MARYLAND 4 364] VIRGINIA 198 54,077
MASSACHUSETTS, 7 1,589 | WASHINGTON 143 296,388
MICHIGAN 38 420,455|WEST VIRGINIA 152 141,464
MINNESOTA 65 192,254| WISCONSIN 14 55,511
MISSISSIPPI at 297,399

TOTAL 2,729 5,967,645

23


TABLE 11--USE OF U.S. AGRICULTURAL LANDHOLDINGS BY COUNTRY OF FOREIGN OWNER,
DECEMBER 31, 1994

(ACRES)
country croptano | “pasture | Forest oruer forier now- | rorat
AGRICULTURE | AGRICULTURE

ARGENTINA 3.443 8.818 788 195 161 13,405
AUSTRALIA 1,158 786 1,001 2.867 325 6.137
AUSTRIA 35.650 2.561 18,099 702 300 87,312
BAHAMAS 10,988 14.579 7,554 2,382 623 36,126
BAHRAIN 309 ° ° ° 4 313
BARBADOS |.° ° 87 ° 60 117
BELGIUM 7,512 53,457 2,041 1,620 896 65,526
BELIZE 235 232 55 2 549
BERMUDA 17,122 47,227 1,482 1,455 73,643
BOLIVIA ° ° 1 ° cr
BRAZIL 8,437 35 431 12 10,081
BRITISH VIRGIN TSLANDS 5.858 115.159 424 3,036 498 124.975
CANADA 176,062 1, 160,544 39,436 24,970 1,572,107
CAYMAN ISLANDS 24.678 3,066 1,996 405 40.635
CHILE 443 561 544 14 21074
CHINA 218 27 168 49 935
COLOMBIA 9,900 37 316 18 11,494
COSTA RICA 4,150 120 167 2.993 13,835
CROATIA ° 10 ° 85 11023
CUBA ° 3 12 4 58
CZECH REPUBLIC 153 ° 27 ° 347
DENMARK 333 6.392 118 486 12,948
DOMINICAN REPUBLIC ° ° 1 120 21108
ECUADOR 92 ° 666 6 971
EGYPT 922 384 321 48 2,076
EL SALVADOR ° 50 ° 49 128
FINLAND ° ° ° 22 22
FRANCE 82,110 10,733 7,845 3.230 128,202
GAMBIA ° 294 ° ° ° 294
GERMANY 322,703 147, 109 220,994 52,971 15,067 758,844
GREECE 11361 58,765 174 85 106 60.491
GUATEMALA ‘413 242 363 35 79 1,102
GUYANA i) ° ° 35 ° 35
HONDURAS B67 32 5 60 54 1,018
HONG KONG 3.671 2.683 4,254 4,031 102 14,744
HUNGARY | o ° ° 103 ° 103
INDIA 70 840 427 34 1,734
INDONESIA 295 6 283 1 752
TRAN 552 521 99 108 2.343
IRELAND 6.583 20 24 2,394 10.508
ISRAEL 349 217 129 14 951
ITALY 24,140 6.255 8.637 13,585 82.633
IVORY COAST ° 80 39 ° 119
UAMAICA 291 ° 27 3 321
JAPAN 148,353 2.898 16,147 9.011 200,302
UORDAN 855 273 129 2 1,580
KAMPUCHEA 27 ° ° ° 4 34
KOREA (SOUTH) 15 78 363 1,006 8 1,570
KUWAIT 18,984 323 67 13 20, 188
Laos 16 10 5 ° 31
LEBANON 3.880 1,773 1,747 963 12,604
LIBERIA 23,502 4,298 320 860 29,632
LIECHTENSTEIN 69.215 36.835 17,227 7,242 4,730 135,249
LUXEMBOURG 2/138 489 180 ° 302 3,109
MALAYSIA 4 )]735 6.211 ° ° 2 7.948
MEXICO 22.281 144,380 2,903 3.301 5.871 178.736
MOROCCO asa 83 7 482 30 1,035
NAMIBIA 485 ° 8 ° 4 197
NETHERLANDS 41,370 34,912 11,864 16.437 7.712 112,292
NETHERLANDS ANTILLES 149.381 81,329 48,275 58.280 191572 356,837
NEW ZEALAND bas 13.250 ° 7 95 13,587
NICARAGUA ° 970 248 60 100 1,378
NORWAY 3,927 667 154 225 100 51073
OMAN 120 126 126 a3 39 454
PAKISTAN 935 ° 14 ° 33 982
PANAMA 24,076 48.060 18,149 15,475 18,889 121.649
PERU 137 13 16 87 55 308
PHILIPPINES 1252 830 425 987 322 3.816
POLAND 72 25 50 ° ° 147
PORTUGAL 2,)505 592 200 832 17 4,146
RUSSIA 140 96 201 55 269 761
ST VINCENT 295 1,230 1,042 10 60 2.637
SAUDI ARABIA 9/128 7414 21537 9.200 3,274 31.553
SINGAPORE ° 468 ° 34 2 504
SOMALIA ° ° 14 ° ° 11
SOUTH AFRICA '622 1.616 50 385 ° 2.673
SPAIN ‘803 1,302 1,105 360 320 3.890
SWEDEN 3,430 21234 7.350 40,747 788 54,549
SWITZERLAND 113 )548 101.837 24.514 13,374 44,122 291,392
SYRIA 4 Jaa7 808 133 229 72 2.689
TAIWAN 3.928 1.444 1,062 465 1,033 7,899
TANZANIA 5 .j000 35 ° 170 4.938 10,143
THATLAND 569 140 948 150 28 1.835
TRINIDAD & TOBAGO 24 30 35 ° 5 94
TURKEY ° 38 ° ° ° 38
TURKS ISLANDS 2.390 391 167 172 72 3,192
UNITED ARAB EMIRATES i745, 550 860 1,925 ° 4,080
UNITED KINGDOM 76 188 150.355 1,485,452 161803 5.669 1,734,467
URUGUAY 1 [820 7.916 490 ° 581 10.807
VENEZUELA 14348, 4.215 2,827 2.691 1,529 22.610
VIETNAM ° ° 152 °

ZIMBABWE 1 134 30 67 °

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, 1994 ....

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

Dispositions of foreign-owned U.S. agricultural land by

1994

size of disposition, January 1-December 31, 1994 .

Dispositions of U.S. agricultural land by country of

foreign owner, January 1-December 31, 1994 .

Dispositions of U.S. agricultural land by country of
foreign owner, by U.S. region, January 1-

December 31, 1994 ....

Dispositions of U.S. agricultural land by country of

foreign owner, by use, January 1-December 31, 1994 .

Acquisitions and dispositions of foreign-

owned U.S. agricultural land, by date,

January 1981-December 1994

39

39

41

41

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, 1994 ........

|
U.S. agricultural land acquisitions by type of foreign
owner, January 1+December 31, 1994 ..........

Foreign owners of U.S. agricultural land acquisitions
by State, January 1-December 31, 1994 ........

| . .
Foreign-owned U.S. agricultural land acquisitions by
size of acquisition, January 1-December 31, 1994...

Value of U.S. agricultural land acquisitions by type of
foreign owner, January 1-December 31, 1994 ......

U.S. agricultural land acquisitions by country of
foreign owner, January 1-December 31, 1994 ......

Foreign ownership of U.S. agricultural land acquisi-
tions by U.S. region, January 1-December 31, 1994 ..

Foreign-owned U.S. agricultural land acquisitions by
type of interest} method of acquisition, and owner-
representative, January 1-December 31, 1994 .....

Use of U.S. agricultural land acquisitions by country
of foreign owner], January 1-December 31, 1994 ....

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

December 31, 1994 .... ee ee eee we we ee

U.S. forest and | ther nonagricultural land acqui-
sitions by country of foreign owner, January 1-
December 31, 1998. we te

U.S. forest and other nonagricultural land acqui-
sitions by type of foreign owner, January 1-
December 31, 1994 . . 2. 2 6 © ee ew ww ee ee ee

Foreign acquisitiions of U.S. forest and other
nonagricultural fland by size of acquisition,
January 1-December 31, 1994 . . . «© 2. © «© © ew ew ee

Intended use of ps agricultural land acquisitions of
foreign owners, January 1-December 31, 1994 .....

Tenure of foreign-owned U.S. agricultural: land
acquisitions, January 1-December 31, 1994 ......

Dispositions of U.S. agricultural’land by type of
foreign owners, by State, January 1-December 31, 1994

iv

27

28

29

29

30

31

32

33

34

35

35

36

36

37

37

38


Size of Holding. Holdings are concentrated with smaller acreage
held by individuals and larger acreage held by corporations
(tables 2 and 3). Owners of parcels of less than 300 acres (62
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
38 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
iand among the States.

TABLE 3--FOREIGN OWNERS OF U.S. AGRICULTURAL LANDHOLDINGS
BY STATE, DECEMBER 31, 1994

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

ALABAMA 24 481 406 299,894
ALASKA 1 75 ° °
ARIZONA 27 11,785 161 320,074
ARKANSAS 72 40,544 126 138,384
CALIFORNIA 212 66,166 1,025 852,605
COLORADO 144 107,553 244 534,756
CONNECTICUT 2 49 13 173
DELAWARE 4 926 9 4,952
FLORIDA 418 28,865 864 592,336
GEORGIA 160 57,614 801 503,798
HAWAII 23 2,066 70 177,905
IDAHO 14 6,611 34 15,764
ILLINOIS 49 10,136 453 193,625
INDIANA 39 5,590 150 80,523
IOWA 67 15,414 69 17,045
KANSAS 34 9,394 86 58,564
KENTUCKY 48 8,145 244 106,080
LOUISIANA 16 9,150 128 658,437
MAINE 27 16,697 142 2,036,004
MARYLAND 52 9,814 132 41,298
MASSACHUSETTS 2 252 8 1,777
MICHIGAN 51 7,475 83 435,902
MINNESOTA 20 6,723 130 214,779
MISSISSIPPI 5 1,143 270 484,476
MISSOURI 42 16,482 105 57,308
MONTANA 70 43,514 103 432,684
NEBRASKA 10 2,863 40 73,722
NEVADA 2 693 24 285,080
NEW HAMPSHIRE 10 1,549 22 14,902
NEW JERSEY 9 1,206 45 17,160
NEW MEXICO 45 10,590 89 773,440
NEW YORK 259 50,822 162 225,173
NORTH CAROLINA 39 6,622 242 218,115
NORTH DAKOTA 41 12,056 24 15,784
OHIO 62 13,120 217 186,401
OKLAHOMA 10 7,270 57 50,777
OREGON 44 9,820 118 632,992
PENNSYLVANIA 27 2,104 277 89,776
PUERTO RICO 4 579 6 260
RHODE ISLAND ° ° 1 17
SOUTH CAROLINA 50 14,793 183 185,344
SOUTH DAKOTA 40 11,614 33 31,343
TENNESSEE 76 17,600 86 65,134
TEXAS 679 158,952 1,417 1,014,612
UTAH 6 1,230 30 59,374
VERMONT 343 27,299 172 58,485
VIRGINIA 148 19,861 394 128,743
WASHINGTON 173 17,462 345 370,977
WEST VIRGINIA 14 2,077 173 165,555
WISCONSIN 67 11,224 53 67,250
WYOMING 10 25,542 43 161,433

TOTAL 3,755 906,582 9,803 13,151,592



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

Foreign ownership of U.S. agricultural land has remained rela-
tively steady from 1981 through 1994, sightly 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 $429,000 for 1994.


TABLE 8--U.S. AGRICULTURAL LANDHOLDINGS BY COUNTRY OF FOREIGN OWNER,
DECEMBER 31, 1994--CONTINUED

(NUMBER)

COUNTRY OWNERS PARCELS ACRES,
MULTIPLE 53 75 54,145
THIRD TIER 18 26 65.887

SUBTOTAL 1/ 5.538 7.763 6.632, 186
US/ANDORRA 1 1 3.744
US/ARGENTINA 5 8 4,056
US/AUSTRALIA 7 9 5,030
US/AUSTRIA 14 19 23,091
US/BAHAMAS 18 at 61,496
US/BARBADOS 1 1 at
US/BELGIUM 28 113 88.484
US/BERMUDA 15 65 38,264
US/BRAZIL 6 55 14.400
US/BRITISH VIRGIN

TSLANDS "1 29 423,636
US/CANADA 240 915 1,687,398
US/CAYMAN ISLANDS 13 23 12,528
US/CHILE 1 3 9.929
US/CHINA 4 3 15,589
US/COLOMBIA 7 10 10.154
US/COSTA RICA 1 1 407
US/DENMARK 9 13 7.917
US/DOMINICAN REPUBLIC 1 1 589
US/ECUADOR 3 3 1,692
US/EGYPT 4 6 959
US/EL SALVADOR 4 6 607
US/FINLAND 2 5 2.212
US/FRANCE 106 464 271,571
US/GERMANY 229 920 867.626
US/GREECE 3 4 51249
US/GUATEMALA 2 3 412
US/GUYANA 1 2 334
US/HONDURAS 1 1 37
US/HONG KONG 19 25 131,139
US/ INDONESIA 3 5 644
US/TRAN 5 6 1,861

+ US/IRAO 1 1 800
US/TRELAND 2 10 1,942
US/TSRAEL 2 3 414
US/TTALY 20 25 23,547
US/JAPAN 198 315 284,860
US/JORDAN 3 3 434
US/KENYA 1 1 32
US/KOREA (SOUTH) 2 2 85
US/KUWAIT 7 13 8,330
US/LEBANON 5 6 703
US/LIBERIA 14 18 26,733
US/LIBYAN ARAB REPUBLIC 2 3 280
US/LIECHTENSTEIN 54 98 99,365
US/LUXEMBOURG 23 34 234.551
US/MALAYSIA 1 1 300
US/MALTA 1 1 500
US/MEXICO 47 68 252,485
US/NETHERLANDS 101 409 363.882
US/NETHERLANDS ANTILLES 102 144 212.250
US/NEW HEBRIDES 1 1 883
US/NEW ZEALAND 3 4 50.455
US/NICARAGUA 1 2 282
US/NORWAY 6 10 9,709
US/PANAMA 65 110 151,798
US/PARAGUAY 1 1 236
US/PERU 3 8 1.696
US/PHILIPPINES 10 10 7.793
US/PORTUGAL 2 2 11683
US/QATAR 1 1 219
US/SAUDI_ ARABIA 9 25 10,648
US/SINGAPORE 1 1 73
US/SOUTH AFRICA 3 4 2.733
US/SPAIN 14 16 4.574
US/SWEDEN 8 9 4,094
US/SWITZERLAND 195 42a 323,510
US/TAIWAN 51 70 18,207
US/THAILAND 1 3 252
US/TRINIDAD & TOBAGO 1 1 20
US/TURKEY 1 2 443
US/UNITED ARAB EMIRATES 2 17 3.443
US/UNITED KINGDOM 201 876 1,024,718
US/URUGUAY 2 2 618
US/VENEZUELA 33 87 40, 182
US/MULTIPLE 38 17 178.177
US/THIRD TIER 15 147 387.016

SUBTOTAL 2/ 2,019 5.795 7,425,988
TOTAL ALL

LANDHOLDINGS 7,857 13,558 14,058,174

4/ TOTAL INTERESTS

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

15


Agriculture

cee of U.S. Agricultural

Service

— Land Through

Bulletin
Number 919

Die Foreign Ownership

ry
Decemno

Ayes 4

er 31, 1994



percent of the acres, |indicated 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 33 percent of the
parcels accounting for 12 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 372 parcels of U.S. agricultural land
covering 280,484 acres between January 1 and December 31, 1994.
In addition to these dispositions, there were reports of land-use
changes out of agriculture affecting 5 parcels covering 116
acres, and reports of|change in status from foreign to nonforeign
affecting 104 parcels|covering 619,287 acres.

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

Characteristics of Foreign Owners Disposing of Land

Type of Foreign Owner, The largest amount of acres disposed of
was in Tennessee, Colorado, and Montana, accounting for 68

percent of the dispositions acreage (table 33).

TABLE 39--DISPOSITIONS OF U.S. AGRICULTURAL LAND BY TYPE OF FOREIGN OWNERS.
BY STATE, JANUARY 1 - DECEMBER 31, 1994

(NUMBER)
INDTVTDUAL ORGANIZATION TOTAL
STATE
AND U.S. 1
TERRITORY PARCELS ACRES PARCELS ACRES PARCELS ACRES.
REPORTED REPORTED REPORTED
i

ALABAMA ° ° 12 9.219 12 3,219
ARIZONA ° ° 2 31842 2 31842
ARKANSAS ° ° 3 11710 3 1.710
CALIFORNIA 6 573 9 taay 15 21014
coLorADo ° ° 24 52,895 at 521895
CONNECTICUT 1 59 ° ° 1 59
FLORIDA 3 60 15 2.764 18 2.824
GEORGIA 8 979 7 71860 25 8,839
IDAHO ° ° 1 21369 1 21369
ILLINOIS 1 261 24 4.497 25 4,758
INDIANA ° ° 22 2.653 22 21653
TOWA 1 531 ° ° 1 531
KANSAS 4 161 1 640 2 B01
KENTUCKY ° 13 1,370 13 1,370
LOUTSTANA 1 804 7 31044 18 3,845
MAINE ° ° 1 414,217 1 44,217
MARYLAND ° ° 1 481 1 tet
MASSACHUSETTS. ° ° 1 338 1 338
MICHIGAN ° ° 46 1,388 46 1,388
MINNESOTA ° ° 1 40 1 40
MISSISSIPPI ° ° 9 2.789 9 2,789
MISSOURI ° ° 1 1 1 1
MONTANA. ° ° 4 44,368 1 41,368
NEBRASKA ° ° 2 476 2 476
NEW JERSEY ° ° 2 219 2 213
NEW YORK ° ° 2 62 2 62
NORTH CAROLINA 1 201 16 3.796 17 3,997
NORTH DAKOTA 1 320 4 11038 5 11358
GHIO 3a 369 7 138 10 ‘507
OKLAHOMA ° ° 5 330 5 330
‘OREGON ° ° 9 1,200 9 1,200
PENNSYLVANIA ° ° 4 303 4 903
SOUTH CAROLINA ° ° 2 252 2 252
TENNESSEE ° ° 8 95,664 8 95,664
TEXAS 6 828 30 11,888 36 12,716
UTAH ° ° 1 80 1 80
VERMONT 2 36 2 157 4 193
VIRGINIA ° ° 6 142 6 142
WASHINGTON 3 720 10 278 13 998
WEST VIRGINIA 1 2 1 2 2 22
WISCONSIN. 1 278 1 33 2 att
WYOMING ° ° 2 12,039 2 12,039

TOTAL 40 6,200 332 274,284 372 280,484



country of creation and principal place of business; type of
interest; legal description; acreage; purchase price or any other
consideration given; jintended use; where applicable, information
about the representative of the foreign person; how the interest
in the land was transferred; the relationship of the foreign
owner to the operator; type of rental agreement, if any; and the
date the interest in the land was transferred. In the case of a
disposition, the party disposing of the interest is also required
to give the legal name and address of the purchaser; citizenship,
if the purchaser is 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 jowner 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, 1994. For
transactions that occurred in 1994, 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" iis 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, or timber and include currently idle land if its last
use within the past 5 years was for farming, ranching, 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, 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 a U.S. citizen or national, (2) is nota
citizen of the Northern Mariana Islands or the Trust Territory of

2


Foreign Ownership Of U.S. Agricultural
Land Through December 31, 1994

J. Peter DeBraal*

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

Introduction

Foreign individuals and entities reported owning 14.1 million
acres of U.S. agricultural land as of December 31, 1994. This is
slightly more than 1 percent of all privately owned U.S. agricul-
tural land and approximately 0.65 percent of all land in the
United States.

Summary of the Act and Regulations

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

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

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

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

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

2/ 7 C.F.R. §§ 781.1-.6 (1994), See 7 C.F.R. §§ 2.21(b) (29),
.27(a) (12), .65(a) (30), and .84(a)(7) (1994) for the delegation of
authority. :

1


TABLE 26--USE OF U.S. AGRICULTURAL LAND ACQUISITIONS BY COUNTRY OF FOREIGN OWNER,

JANUARY 1 - DECEMBER 31, 1994

| (ACRES)
COUNTRY CROPLAND PASTURE FOREST OTHER OTHER NON- TOTAL
AGRICULTURE | AGRICULTURE

AUSTRALIA 140 150 456 ° ° 706
AUSTRIA 327 ° ° 51 2 380
BAHAMAS Kd 935 ° 20 342 1,297
BERMUDA lo 260 ° 32 ° 292
BRAZIL 609 470 ° ° ° 1,079
CANADA 664 215 1,859 127 34 2,899
FRANCE lo 44,017 1,023 10 ° 45,050
GERMANY 1,856 2,121 924 91 130 5,122
ITALY 120 ° ° 45 ° 165
JAPAN 7 56 46 23 10 142
LIECHTENSTEIN fe] 600 192 ° ° 792
MEXICO Oo 328 ° ° ° 328
NETHERLANDS, 1 696 344 8 6 1,065
PAKISTAN oO ° 14 ° ° 14
PHILIPPINES 7 8 4 ° ° 19
SOUTH AFRICA 40 35 ° 5 ° 80
SWITZERLAND 40. oO 80 194 ° 314
TAIWAN 136 67 ° ° 1 204
UNITED KINGDOM 76 322 6,774 88 17 7,277
VENEZUELA ° ° 103 ° ° 103

SUBTOTAL i/ 3.908 50,280 11,819 694 542 67,328
US/AUSTRALIA 245 619 1,005 ° 753 2,622
US/AUSTRIA 735 ° 8 56 ° 799
US/BAHAMAS Jo ° 47 TO 4 121
US/BELGIUM 146 40 173 ° 36 395
US/BERMUDA 6S ° 110 ° oO 175
US/BRITISH VIRGIN

ISLANDS ° 120 ° 246 ° 366
US/CANADA 357 486 1,848 120 10 2,821
US/DENMARK 13 ° 87 ° ° 100
US/FRANCE 1,972 522 75 589 21 3,179
US/GERMANY 1,290 1,267 1,963 259 67 4,846
US/INDONESIA |o ° ° 100 ° 100
US/ITALY 542 ° ° ° 50 592
US/JAPAN 3,068 280 ° 148 2,672 6,168
US/LIECHTENSTEIN 120 ° ° ° ° 120
US/MALTA to ° 30 460 ° 500
US/MEXICO 100 772 ° 156 10 1,038
US/NETHERLANDS 1S 1,040 ° ° ° 1,055
US/SINGAPORE ° ° ° ° 73 73
US/SWITZERLAND 4,769 ° 20 438 34 5,261
US/TAIWAN 679 oO. ° ° ° 679
US/UNITED ARAB EMIRATES so 184 4 1 1 220
US/UNITED KINGDOM 1,536 3,215 2 1,970 679 7,402
US/MULTIPLE 33 93 ° 16 ° 202
US/THIRD TIER ° ° 318 ° ° 318

SUBTOTAL 2/ 15,785 8,638 5,690 4,629 4,410 39,152
TOTAL ALL

LAND ACQUISITIONS 106,480

19,7178 58,918 17,509 5,323 4,952

i1/ TOTAL INTERESTS EXCLUDING bis. CORPORATIONS WITH FOREIGN SHAREHOLDERS.
2/ TOTAL INTERESTS OF U.S. CORPORATIONS WITH FOREIGN SHAREHOLDERS

34



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

Foreign persons from Canada and the United Kingdom own 4,573,604
acres, or 70 percent, |of the reported forest landholdings.
Unidentifiable third-tier foreign persons own 4 percent of the
forest land. The large Canadian and U.K. holdings are attribut-
able to seven companies-—two Canadian companies with 1,064,783
acres, three U.S./Canada corporations with 1,106,800 acres, and
one U.S./U.K. corporation and one U.K. partnership with 1,638,695
acres.

Foreign persons from Germany own the most cropland, 477,568
acres, or 19 percent, |followed by Switzerland, Canada, the
Nétherlands Antilles, |and the United Kingdom, with an additional
34 percent of the acreage. Unidentifiable third-tier parties own
6 percent of the cropland.

Foreign persons from Germany, the United Kingdom, Mexico, and
Canada own 44 percent} or 1,706,278 acres, of pasture land.
Foreign persons from Japan, the British Virgin Islands, the
Netherlands, the Netherlands Antilles, Luxembourg, Switzerland,
and Panama own an additional 36 percent, or 1,407,314 acres.

The largest group of owners of other agricultural land are for-
eign persons from Germany, the Netherlands Antilles, and Canada
with 28 percent of the acres. They are followed by foreign
persons from the Netherlands, France, Japan, Luxembourg, the
United Kingdom, Switzerland, and Sweden who own 329,705 acres, or
46 percent.

Based on reports by foreign owners who reported owning only
forest or forest and other nonagricultural land, these reports
account for 42 percent of all the foreign-owned U.S. agricultural
land (tables 1 and 12). The remaining 58 percent is primarily
farmland, although it] includes some forest and/or other
nonagricultural land commonly reported as part of the farmland

holding (table 11).

The average parcel size for parcels with forest or forest and
other nonagricultural) land is 2,187 acres (table 12). Except for
Maine (with 34 percent of the acreage, the uniqueness of which
has been noted previously), the forest or forest and other
nonagriculture acres fare concentrated in the South and West.
Alabama, Georgia, Louisiana, Mississippi, South Carolina, and
West Virginia account for 28 percent. California, Oregon, and
Washington account for another 17 percent of the acres reported.
There are also notablle holdings in Michigan, Minnesota, and New

York, accounting for janother 14 percent of the acres.

22


Transfers by foreign investors to U.S. purchasers accounted for
73 percent of the parcels and 91 percent of the acres (table 34).
Reports for 5 percent of the parcels and 1 percent of the acres
indicated that they were transferred to other known foreign
persons. Reports for 19 percent of the parcels covering 7
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 57 percent of the owners, 68 percent of
the parcels, and 76 percent of the acres (table 35). In com-
parison, individuals and partnership accounted for 40 percent of
the owners, 29 percent of the parcels, and 23 percent of the
acres.

Size of Disposition. The most acreage disposed of was for
parcels with 1,000 or more acres, accounting for 92 percent of

TABLE 34--DISPOSITIONS OF U.S. AGRICULTURAL LAND BY FOREIGN OWNERS,

BY CITIZENSHIP OF PURCHASERS, JANUARY 1 - DECEMBER 31, 1994
(NUMBER)
PURCHASER PARCELS ACRES.
REPORTED
USA 273 255,724
FOREIGN 17 2,467
UNKNOWN 72 20,631
NO REPORT 10 1,662
TOTAL 372 280,484

TABLE 35--DISPOSITIONS OF U.S.

AGRICULTURAL LAND BY TY

PE OF FOREIGN

OWNER, JANUARY 1 - DECEMBER 31, 1994
(NUMBER)
PARCELS WITH
OWNER OWNERS | PARCELS ACRES. PARTIAL ACREAGE

REPORTING] REPORTED INTEREST EQUIVALENT 2/

REPORTED 1/
INDIVIDUAL 32 40 6,200 7 5,312
CORPORATION 7s 252 213.076 7 202,009
PARTNERSHIP 20 69 57,371 1 57,366
TRUST 2 7 1,505 ° 1,505
OTHER 2 4 2,332 ° 2,332
TOTAL 131 372 280,484 15 268,524

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

LESS THAN 100 PERCENT.

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

39


TABLE 11--USE OF U.S. AGRICULTURAL LANDHOLDINGS BY COUNTRY OF FOREIGN OWNER,

DECEMBER 31,

1994--CONTINUED

(acres)
COUNTRY CROPLAND PASTURE FOREST OTHER [OTHER NON- TOTAL
AGRICULTURE | AGRICULTURE

MULTIPLE 8.438 9,914 6,156 28.160 1,477 54,145
THIRD TIER 12.080 7.833 44,325 1,320 329 65.887

SUBTOTAL 1/ 1,261,365 1,625,863 3,179,376 370,502 195,080 6,632, 186
US/ANDORRA 200 3.544 ° ° ° 3.744
US/ARGENTINA 1.919 11464 70 192 414 4,056
US/AUSTRALIA 798 973 1,350 1,052 857 5.030
US/AUSTRIA 5.681 12,525 4.591 203 31 231091
US/BAHAMAS 15,622 31,037 4.338 10,351 148 61.496
Us/BARBADOS a4 ° ° ° ° a4
Us/BELGIUM 18.025 37,822 28,726 1,658 2,253 88,484
US/BERMUDA 1.713 1.278 16.484 7,746 14,042 38.264
US/BRAZIL 10.310 3,197 ° 739 154 14,400
US/BRITISH VIRGIN

TSLANDS 1.610 129,088 292,308 450 180 423,636
US/CANADA 87,335 145,678 1,423,682 26,967 33,736 1.687.398
US/CAYMAN ISLANDS 81067 397 2.507 950 607 12,528
US/CHILE ° 9,929 ° ° ° 9,929
US/CHINA 316 1,808 1,527 1,198 10.640 15,589
US/COLOMBIA 302 9.801 50 ° 1 10, 154
US/COSTA RICA ° 239 168 ° ° 407
US/DENMARK 507 235 6,394 34 750 7,917
US/OOMINICAN REPUBLIC ° ° 454 ° 135 589
Us/ECUADOR 69 4,549 ° ° 14 1,692
US/EGYPT 195 330 300 122 12 959
US/EL SALVADOR 52 555 ° ° ° 607
US/FINLAND 60 ° 2,080 ° 72 2,212
US/FRANCE 45,786 34,828 128,143 45,007 17,807 271,571
US/GERMANY 154.865 3621867 278,104 17.639 1151 867,626
US/GREECE 110 4,987 147 ° 35 5.249
US/GUATEMALA ° 392 ° 20 ° 412
US/GUYANA ° ° ° 334 ° 334
US/HONDURAS 37 ° ° ° ° 37
US/HONG KONG 121, 102 8.345 826 119 747 134,139
US/ INDONESIA 351 153 ° 114 26 644
US/IRAN 483 7a7 5 559 67 1,861
us/TRAQ 800 ° ° ° ° B00
US/TRELAND 144 180 1,612 6 ° 1,942
US/TSRAEL 95 ° 187 45 87 ata
US/ITALY 16,090 3.947 1.374 752 1,384 23,547
US/JAPAN 49,442 108.787 82.805 30,124 131602.” 284,860
US/JORDAN 75 284 ° 75 ° 434
US/KENYA ° ° 32 ° ° 32
US/KOREA (SOUTH) 10 63 ° ° 12 85
US/KUWAIT 486 6.379 772 604 89 8.330
US/LEBANON 200 140 133 209 24 703
US/LIBERIA 1,874 18,749 4,830 1,082 201 26,733
US/LIBYAN ARAB REPUBLIC ° ° ° 277 3 280
US/LIECHTENSTEIN 71,735 8.731 9,401 4,063 8.435 99,365
US/LUXEMBOURG 12.783 164.607 31126 461261 7.774 234,551
US/MALAYSIA ° ° ° 300 ° 300
US/MALTA 10 ° 30 460 ° 500
US/MEXICO 8.241 226.618 1,095 14,116 2.415 252,485
US/NETHERLANDS, 68.726 198.714 26.636 37,610 32,196 363,882
US/NETHERLANDS ANTILLES 51,479 134,276 12,274 8.188 6.033 212,250
US/NEW HEBRIDES ° 883 ° ° 883
US/NEW ZEALAND 2.605 46.589 ° 240 1,021 50.455
US/NICARAGUA ° 242 40 ° 282
US/NORWAY 765 30 163 8.039 712 9.708
US/PANAMA 44,010 95.395 5.602 5.415 1,376 151,798
US/PARAGUAY ° 236 ° ° ° 236
US/PERU 361 230 105 878 62 1.696
US/PHILIPPINES, 5.372 59 1,274 32 1,056 1.793
US/PORTUGAL 1,429 154 ° ° 103 1.683
US/QATAR ° ° 219 ° ° 219
US/SAUDI_ARABIA 698 6.695 2,199 113 942 10,648
US/SINGAPORE ° ° ° ° 73 73
US/SOUTH AFRICA 1,445 300 178 66s 144 2.733
US/SPAIN 2.869 707 403 557 38 4.574
US/SWEDEN 21174 333 169 1,040 381 4,094
US/SWITZERLAND 117,590 46.308 117,682 301648 11,282 323,510
US/TAIWAN 6.000 3.242 3,079 5.627 259 18.207
US/THATLAND 175 ° ° 77 ° 252
US/TRINIDAD & TOBAGO 20 ° ° ° ° 20
US/TURKEY 350 93 ° ° ° 443
US/UNITED ARAB EMIRATES 743 2.507 70 1 122 3.443
US/UNITED KINGDOM 114,688 353.209 503,926 27.622 25,273 1,024,718
US/URUGUAY ° 550 25 40 3 618
US/VENEZUELA 34,130 1,774 2.777 393 1,108 40, 182
US/MULTIPLE 9.536 4.47 161,725 1.661 838 178.177
US/THIRD TIER 136.856 1.453 237, 194 5.784 5.729 387,016

SUBTOTAL 2/ 1,209,557 2,237,771 3,373,491 348,456 256.713 7,425,988
TOTAL ALL

LANDHOLDINGS 2,470,922 3,863,634 6,552,867 718,958 451,793

14,058,174

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

21


Summary

Foreign persons reported that they owned 14.1 million acres, or
slightly more than 1 |percent of the 1.3 billion acres of private-
ly owned U.S. agricultural land (farm and forest land) as of
December 31, 1994. This is a decrease of 530,445 acres from the
1993 data. 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 jat the time of reporting shows that forest
land accounts for 47 |percent of all foreign-owned acreage,
cropland for 18 percent, pasture and other agricultural land for
32 percent, and nonagricultural land for 3 percent.

Corporations own 71 percent of the acreage; partnerships, 21
percent; and individuals, 6 percent. The remaining 2 percent is
held by estates, trusts, institutions, associations, and others.

U.S. corporations in|which foreign persons have a significant
interest or substantial control reported owning 53 percent of the
foreign-held acreage: The remaining 47 percent was reported as
held by foreign persons not affiliated with a U.S. corporation.

Foreign persons from|Canada, the United Kingdom, Germany,
Switzerland, the Netherlands Antilles, and the British Virgin
Islands account for 67 percent of the foreign-held acreage.
Foreign persons from|Japan own only 3 percent of the foreign-
owned acres.

A number of parcels are owned only in part by foreign investors;
that is, the foreign| interest in some parcels is less than 100
percent, with the remaining percentage being owned, for example,
by a U.S. partnership. When the 14.1 million acres are adjusted
for these partial interests, the total foreign-owned acreage
drops to an equivalent of 12.7 million acres.

The largest number of acres owned by foreign persons in any one
State was reported in Maine. Foreign holdings in Maine account
for 11 percent of Maine's privately owned agricultural land and
15 percent of all the reported foreign-owned agricultural land
nationwide. Three companies own 87 percent of the foreign-held
acres in Maine, all in forest land. Two companies are Canadian
and the third is a u/s. corporation that is partially Canadian
owned.

Except for Maine, foreign holdings are concentrated in the West
and South, each containing 35 percent of all reported foreign
holdings of U.S. agricultural land.

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

No change in tenure was reported for 45 percent of the acres,
while some change was reported for 31 percent of the acres. No

vi


(See table 40 for trends data.) 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, 1994. Because land is disposed of 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 lana dispositions or status changes.
Table 7 adjusts reportla 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 lof 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 vallue than that of table 6. The total
adjusted current value by State indicates a 10-percent increase
from the reported current value.

Country of Origin. of the 14,058,174 acres of foreign-held
agricultural land reported by foreign persons, 53 percent is held
by U.S. corporations with foreign interests. The remaining 47
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 |U.s. agricultural land, 3,259,505 acres, or
23 percent. Foreign persons from the United Kingdom (U.K.) and
Germany own 2,759,185 jacres (20 percent) and 1,635,470 acres (12
percent), respectively, an additional 32 percent of the acres.
Foreign persons from Switzerland, the Netherlands Antilles, the
British Virgin Islands, and Japan own an additional 16 percent of
the acres. These seven countries of origin own a total of
9,871,922 acres, or 70 percent of all reported foreign-owned
holdings of U.S. agricultural land. Approximately 3 percent of
the acreage, 452,903 acres is owned by unidentifiable third-tier
persons; that is, the |acreage is not attributable to any foreign
country of origin because no foreign country of origin is listed
through the third tier of ownership.

Foreign persons from the United Kingdom, Germany, and Canada, own
2,153,441 acres or 44 |percent of the foreign-held acres in the
South (table 9). Eight percent of the acreage, 403,363 acres, is
owned by unidentifiable third-tier foreign persons. An
additional 22 percent | 1,064,919 acres, is owned by foreign
persons from the Netherlands Antilles, Switzerland, France and
Mexico.

In the West, foreign persons from the United Kingdom own more
acres than any other single group--28 percent. Much of the U.K.
figure is attributable to a U.K. partnership that owns 52 parcels
covering 618,822 acres and three U.S./U.K. corporations that own
21 parcels covering 493, 046 acres. Foreign persons from Germany,
Canada, and Japan reported owning 1,334,868 acres or 27 percent.
An additional 1,084,218 acres, or 22 percent, were reported by

|

12


The following statements are made in accordance with the Privacy Act of 1974 (5 USC 52a). P.L 95-460 authorizes collection of the data on this form. The
data will be used to datermine the exacts of foreign persons acquiring, transferring and holding agricultural land, and the effects of such activity on family farms
and rural communities. -Fumishing the data is mandatory. Failure ta camply or falsification of reporting is subject to civil penalty, not to exceed 25 percent of the
{ait market value of the interest held in the tract on the date of the assessment of such penalty. The data may be furnished to any Agency responsible for
NOTE enforcing the provision of the Act and to the public. Public reporting burden for this collection of information is estimated to average 30 minutes per response,
‘including the time for reviewing instructions, searching existing data sources, gathering and maintaining the data needed, and completing and raviewing the
collection of information. Send comments regarding this burden estimate or any other aspoct ofthis collection of information, including suggestions for reducing
this burden, to Department of Agriculture, Clearance Officer, OIRM, Room 404-W, Washington, D.C. 20250; and to the Office of Management and Budget,
Paperwork leduction Projact (OMB No. 0560-0097), Washington, D.C. 20503, RETURN COMPLETED FORMS TO YOUR ASCS COUNTY OFFICE.

DETERMINATION OF "FOREIGN PERSON" STATUS.
DEFINITION: "Person" means any individual , corporation, company, association, firm, partnership, society, joint stack company, trust, estate, or any other

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

1. 1AM a citizen of the United States.

2. LAM a citizen of the Northem Mariana Islands or the Trust Territories of the Pacific Islands.

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

You are a “foreign person” under the provisions of P.L. 95-460 and must complete the front side of this form (ASCS-169) if your answer is, "YES" to any of the

statements numbered 4a, 4b, and 5 below. ves [No
4. 1AM a “person” other than an individual or govemment, which is created or organized undar the laws of:
a._A foreign government of which has its principal place of business located outside the United States.
b. Any State of the United States, and in which significant interest or substantial control 1/ is held directly or indirectly by any
foreign individual, govemment, or person.

5. 1AM a foreign government.

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

Retum the original and two 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. DO 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 a county or parish, each subsequent change of
‘ownership or use must be reported by filing another ASCS-153.

ITEM INSTRUCTIONS AND REPORTING DATES:
ITEM 1. ONLY ONE BOX MAY BE CHECKED

If the tract of land to be listed under item 2 on the front side of this document was:
-Owned on February 1, 1979, check * tans a} Reporting Date: This document is required to be
completed and retumed 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, check ° 3...
Disposed of, check ©! py) Reporting Date:
-Changed from non-agricultural to agricultural use, check ” S4u8ce" Gi] If any of these activities are checked-
in Item 1, return the completed

-Changed from agricultural to non-agricultural, use check 1s
es en en “‘eoupeas” EOS ascs.153 within ninety (90) days

Tema. —_The date entered would be as follows for the activity checked from the date of the transaction.

in Item 1:
Box A or B- Date acquired.

BoxC — - Date disposed of.
Box D or E- Date land use changed.

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

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

49


TABLE 20--FOREIGN OWNERS OF U.S.

AGRICULTURAL LAND ACQUISITIONS BY STATE,
JANUARY 1 - DECEMBER 31, 1994

(NUMBER )
INDIVIDUAL ORGANIZATION
STATE
AND U.S.
TERRITORY PARCELS ACRES PARCELS ACRES.
REPORTED REPORTED
ALABAMA ° ° 4 1,227
ARIZONA ° ° 3 5.704
ARKANSAS ° ° 2 660
CALIFORNIA ° ° 8 2,579
COLORADO 2 230 8 45,503
FLORIDA 7 68 13 3,388
GEORGIA 3 320 6 1,883
ILLINOIS 1 80 7 864
INDIANA ° ° 7 524
KENTUCKY 2 41 9 1,336
LOUISIANA ° ° 7 1,442
MAINE ° ° 1 175
MARYLAND ° ° 1 17
MINNESOTA ° ° 7 4,856
MISSISSIPPI ° ° 22 10,215
NEBRASKA ° ° 3 418
NEVADA ° ° 1 120
NEW MEXICO ° ° 1 156
NEW YORK 4 152 3 1,861
NORTH CAROLINA ° ° 7 1,108
OHIO 3 212 2 82
OKLAHOMA 2 1,444 3 1,613
OREGON 3 98 7 580
PENNSYLVANIA ° ° 18 2,424
RHODE ISLAND ° ° 1 17
SOUTH CAROLINA ° ° 9 968
SOUTH DAKOTA ° ° 1 131
TENNESSEE ° ° 5 2,826
TEXAS 17 3,002 12 3,361
UTAH ° ° 3 201
VERMONT 3 84 3 1,799
VIRGINIA 3 29 7 969
WASHINGTON 4 179 3 618
WEST VIRGINIA ° ° 6 253
WISCONSIN 3 663 ° °
TOTAL 57 6,602 206 99,878
TABLE 21--FOREIGN-OWNED U.S. AGRICULTURAL LAND ACQUISITIONS
BY SIZE OF ACQUISITION, JANUARY 1 - DECEMBER 31, 1994
SIZE OWNERS PARCELS ACRES VALUE
(acres) REPORTING REPORTED (NUMBER ) (1,000
(NUMBER ) (NUMBER) DOLLARS) 1/
LESS THAN 20 27 31 279 14,529
20-59 35 at 1,290 17,460
60-39 17 20 1,306 6,854
100-299 41 52 6,860 20,071
300-999 31 60 16,155 24,695
1000 OR MORE 15 59 80,590 74,916
TOTAL 166 263 106,480 158,525
A/ VALUE IS PURCHASE PRICE OR NONPURCHASE PRICE (ESTIMATED VALUE).

29


Purchase Price and Value of Acquisitions. Corporations account
for 54 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 others at $267; followed by individuals, $1,344;
corporations, $1,985; partnerships, $4,402; and trusts, $8,794.

Equity is frequently used to measure net foreign investment
transfer. To approximate equity, debt was subtracted from
current value for all reports that provided information on debt
and current value. The 263 reports providing information on debt
($24,508,000) and current value ($159,260,000) resulted in an
equity figure of $134,752,000 (table 22). These figures reveal
an equity figure of 85 percent in relation to current value.

Country of Origin. Foreign persons not affiliated with a U.S.
corporation acquired 63 percent of the acreage. U.S.
corporations with foreign interests acquired the remaining 37
percent (table 23). Foreign persons from France acquired 48,229
acres, 45 percent of the total.

Eighty-four percent of| the acres acquired during 1994 were in the
South and West (table 24). Foreign persons from France not
affiliated with a U.S.| corporation acquired 80 percent of the
acres in the West. Foreign persons from Germany acquired 21
percent of the acres in the South and U.S./U.K. corporations
acquired 49 percent of the acres in the Midwest.

TABLE 22--VALUE OF U.S. AGRICULTURAL LAND ACQUISITIONS BY TYPE
OF FOREIGN OWNER, JANUARY 1 - DECEMBER 31, 1994
i
ACRES ACRES
WITH PURCHASE WITH NON-
OWNERS PURCHASE PRICE 1/ NON- PURCHASE
OWNER REPORTING PRICE (4,000 PURCHASE PRICE 1/
(NUMBER) REPORTED | DOLLARS) PRICE (4,000
(NUMBER) REPORTED | DOLLARS)
(NUMBER )
INDIVIDUAL 49 6,274 8.721 328 150
CORPORATION 87 26,200 58,854 16,981 26,853
PARTNERSHIP 26 7.449 37,568 3,983 12,756
TRUST 2 180 1,583 ° °
OTHER 2 1,084 2.671 44,004 9,369
TOTAL hes 41,184 109,397 65.296 49,128
acres ACRES
WITH CURRENT WITH EQUITY
CURRENT VALUE 2/ EQUITY (4,000
VALUE (1,000 REPORTED DOLLARS)
REPORTED DOLLARS) (NUMBER)
(NUMBER)
!
INDIVIDUAL 6,602 8,882 6,602 7,730
CORPORATION 43,184 85,950 43,184 75,239
PARTNERSHIP 11,432 50.805 11,432 38,160
TRUST 180 1,583 180 1,583
OTHER 45,085 12,040 45,085 12,040
TOTAL 106.480 159,260 106,480 134,752
|
A/__ PURCHASE PRICE AND NONPURCHASE PRICE (ESTIMATED VALUE) AT TIME OF
ACQUISITION.
2/ CURRENT VALUE |IS VALUE AT TIME OF REPORTING.
30



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

VANUARY 1981

- DECEMBER 1994--CONTINUED

ACQUISITIONS DISPOSITIONS
DATE
PARCELS ACRES VALUE PARCELS ACRES VALUE
REPORTED (NUMBER) (1,000 REPORTED (NUMBER) (1,000
(NUMBER) DOLLARS) 1/ (NUMBER) DOLLARS) 4/
1986
JANUARY 46 13,721 63,101 27 4,717
FEBRUARY 27 9,901 7,095 18 1,295
MARCH 44 36,251 51,541 AT 13,060
APRIL S7 25,778 135,753 23 5,538
MAY 98 1,604,122 130,986 88 1,641,830
JUNE 55 96,472 47,978 37 17,975
JULY 36 26,955 33,219 21 19,614
AUGUST 33 16,351 22,053 34 8,395
SEPTEMBER 34 36,048 58,043 26 3.757
OCTOBER 137 240,541 62,826 36 18,231
NOVEMBER 48 15,744 18,399 34 11,615
DECEMBER 128 52,920 103,321 78 57,955 48,924
TOTAL 743° 2,174,804 734,315 436 1,803,982 164,591
1987
JANUARY 26 9,508 20,307 24 5.926 8,270
FEBRUARY 32 14,316 39,974 29 6,393 6,821
MARCH 55 134.617 51,792 43 33,646 18,865
APRIL 63 68,330 29,999 72 27,647 | 30,026
MAY 39 44,505 30,081 33 10,634 20,567
JUNE 47 203,785 49,532 60 226,961 25,475
JULY 44 29,408 36,453 35 30,206 14,904
AUGUST 45 26,880 26,702 36 7,826 36,191
SEPTEMBER 39 17,546 31,656 44 6,594 13,257
OCTOBER 69 24,558 58,315 39 5,349 8,730
NOVEMBER 50 140,936 29,998 43 14,982 16,835
DECEMBER 103 98,883 67,274 160 38,837 52,607
TOTAL 612 813,272 472,083 618 415,001 252,548
1988
JANUARY 74 65,295 72,109 53 26,278 (22,633
FEBRUARY 49 31,563 24,748 52 60,267 46,828
MARCH 56 37,543 93,737 102 57,912 49,931
APRIL 45 351692 29,478 63 266203 80,047
MAY 48 71,280 53,968 59 34,967 13,023
JUNE 96 148,996 89,192 70 22,380 11,357
JULY 55 33,996 78,419 5B 13,678 25,746
AUGUST 83 348,474 57,888 oT 313,175 73,320
SEPTEMBER 44 16,968 96,475 52 10,579 9,268
OCTOBER 85 (237,661 128,205 501 248,180 113,063
NOVEMBER 87 59.442 38/632 4a 494/176 212160
DECEMBER 108 269/578 234,816 105 334,779 61,483
TOTAL 771 1,356,488 997,667 1,226 1,582,574 527.859
1989
YANUARY 67 50,056 at.aas 46 21,970 13,154
FEBRUARY 36 26,446 91,917 28 7,300
MARCH 75 135,590 96,083 49 22,599
APRIL 4i 28,111 40,267 28 17,139
MAY 63 29,832 128,076 39 25,700
JUNE 56 66,307 55,150 46 7478
JULY 44 15,104 39,935 2t 11,971
AUGUST $3 95,753 68,283 59 271274
SEPTEMBER 89 299,453 134,236 42 10,832
OCTOBER 47 42,144 57.486 26 4,587
NOVEMBER 83 519,253 95,329 25 7,217
DECEMBER 116 423,430 227,713 46 25,077
MULTIPLE 1 36 63 ° °
TOTAL 771 1,734,512 1,116,386 ass 242,645 180,025
1990
JANUARY 66 33,256 70,237 37 9,776 6.660
FEBRUARY 48 80,727 41,525 30 11,744 10,312
MARCH 53 143,083 92,572 34 85,690 54,690
APRIL 53 57,668 22,039 39 10,353 11,632
MAY 86 20,833 94,251 45 26,216 50,244
JUNE 60 27,465 60,992 36 7,652 18,570
JULY 119 294,017 110,423 31 5,468 21,066
AUGUST 45 8,837 22,682 34 5,940 9,335
SEPTEMBER 390 627,859 70,373 34 12,473 6,893
OCTOBER 66 $5,375 103,604 60 137,048 54,621
NOVEMBER ag 32,845 48.867 38 6.317 15,038
DECEMBER 190 159,080 86,729 48 23,178 27,087
MULTIPLE 2 454 20,728 ° ° °
TOTAL 897 1,541,499 845,022 466 341,855 286,148
Konr tnaee--

45


|
|
foreign persons from the Netherlands, Mexico, Luxembourg, the

Netherlands Antilles, and Switzerland.

In the Northeast, foreign persons from Canada own 2,112,038, or
81 percent of the foreign-held acreage in the region. Eighty-
five percent of this figure, 1,791,990 acres, is attributable to
three companies with extensive forest holdings--one Canadian
company with partial interests in 58 parcels covering 798,942
acres, one Canadian company with 9 parcels covering 265, 741
acres, and one U.S. /Canada corporation with 41 parcels covering
727,207 acres.

In the Midwest, foreign persons from Germany, Canada, the British
Virgin Islands, and the United Kingdom reported owning 1,100,541
acres, 67 percent of the foreign-held acreage in the region. An
additional 9 percent of the acreage is owned by multiple entities
(entities that have foreign owners from a number of countries,
none of whom has a predominant interest).

Interest in Land

Of the 13,558 parcels of foreign-held U.S. agricultural land, 87
percent of the parcels | accounting for 83 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 13 percent of
the acres (table 10).

Under the AFIDA regulations, leases of 10 years or longer are the
only leases that need to be reported. 4/ Leases are treated
separately because they represent a totally different type of
interest. Questions on value, tenure, and method of acquiring
land do not apply because the report form was not devised to deal
with leases. Leases cover 1,306,554 acres of U.S. agricultural
land. Timber land accounts for 634, 105 acres, or 49 percent of
the reported foreign léaseholds.

Method of Acquisition

More foreign investors|reported paying cash for their U.S.
agricultural landholdings than using any other method of ac-
quisition--51 percent of the parcels, covering 31 percent of the
acreage (table 10). This compares with 25 percent of the
parcels, containing 16/percent of the acreage, that were acquired
by credit only, and 8 percent of the parcels, containing 30
percent of the acreage} that were acquired by other method only.
The other method only category includes mergers, corporations
that became foreign because | foreign persons obtained a signi-
ficant interest or substantial control in the corporations, or
an individual exchanging land for stock in a new corporation.
The cash and credit only category covers an additional 8 percent
of the parcels and 12 percent of the acres.

4/ 7 C.F.R. § 781.2(c)| (1994).
18


Appendix:

Report Form ASCS-153

Form Approved - OMB No. 0560-0097,

‘ASCS-153 U3, DEPARTMENT OF AGRCULTURE Fi. TvPE ACTIVITY (See Reverse) (Check one)
(240.90) A. tand [7] Band oOo oO
| Holding Acquisition Dipeion
AGRICULTURAL FOREIGN INVESTMENT DISCLOSURE ACT REPORT
ID. Land Use Change oO E. Land Use Change To oO
NOTE: Read insctions on Reverse Before Filing in Any Data Below! i Adon Space is Needed, Uso Revers. To Agricuture Non-Agricutture
TEM 0 ornce Trem
2. Tract Location and Description 1 G&S, _|5. Type of interest Hold in the Agricultural Land (Check One) CHECK
‘A. LEGAL DESCRIPTION OR ASCS TRACT NUMBER ‘A. Fee Interest (ownership) Whole
B. Fee Interest (ownership) Partial WeWewy
| C. Life Estate
L D. Trust Beneficiary
1B COUNTY OA PARISH [C.No. OF ACRES E. Purchase Contract
| F. Other explain)
Do state |
‘3._Owner of Tract (initem 2A) (See Reverse) i
AL NAME |] 6. How was this Tract Acquired or Transferred? CHECK
‘A. Cash Transaction
B | | creck iF No. B. Credit or Installment Transaction
NOT NOW. C. Trade
Go LEGAL ADDRESS (Seer. Cy, StatelProxince, Country) | D Gift or Inheritance
E. Foreclosure
F. Other explain)
D. Type of Owner (Check ane) CHECK .
4. Individual (including husbandiwife) |
2. Citizenship of Individual | | 7. Value of Agricultural Land
"A. Purchase Price of Land or ia land dispo- T
2. Govemment (name of country) | | sition, the original price paid by seller $
3. Organization B. Non-Purchase, Estimated Value at the T
a. Type | Time of Acquisition s
4) Corporation i G_ What is the estimated current value or ita T
2) Partnership | land disposition, the selling price of the $
3) Es I a
) Estate : How much of purchase price in Item 7A T
4) Trsst_ t ns to be pai $
S) lesion 8. Date ot Ag a
6) Association ) Transter (See overs)
7) Other i .
B. Gov't or country under whose] [9. Current Land Use (Usual use of land. For idle land, ‘ACRES
Jaw the organization is created. report as other Agriculture.) Report in Whole Numbers
. Principal place of business (for | | A. Crop
organizations only) B. Pasture
. List on separate sheet, the Name, Address and Country of all
foreign persons who individually or in the aggregate hold significant C. Forest or Timber
interest or substantial control 1/ in the person owning the land. D. Other Agriculture
E. Complete only if tem 1G - Land Disposition - is checked E. Non-Agriculture
Cr IVING TRACT
1. NAME OF PERSON RECE! F. Total (Should equal 2C)
2 ADDRESS (Sireet, City, State/Province, Country) 10. intended Use as of This Date (Check One) CHECK
‘A. NoChange
B. Other Agriculture
3 CITIZENSHIP | C. Non-Agriculture
vs [ronson [| _snom C1 11. Relationship of Foreign Owner to Producer (if applicable) CHECK
4._Representative of Foreign Person (completing form, if applicable) ~
A. NAME A. Producer is:
| 1. Foreign owner
Bl ADDRESS (Sircer State, Counirs) 2. Manager
‘3. Tenant or sharecropper
SEE B. Rental
TELEPHONE NO. (Area Code) 1 Acep stare
D. Relationship of Representative to Foreign Person CHECK 2 Cash or fired rent
1. Attomey
2. Manager 112. 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 -/ certify that the informatio

to a civil penalty not to exceed 25% of the fair’
14, SIGNATURE (Owner or legally authorized representative)

entered in this report is complete and correct. [understand that falsification of reporting is subject
value of the interest held in the tract of land,

ERS COPY

48


Preface

This report is made pursuant to section 5 of the Agricultural
Foreign Investment Disclosure Act of 1978, which, among other
things, requires the Secretary of Agriculture to prepare an
analysis of foreign ownership of U.S. agricultural land. The act
requires an annual report to the President and the Congress on a
calendar-year basis. | This report covers information received
through December 31, 1994,

Contents
List of Tables...... pce e cece cece ete cece cece cece sececeee = Lid
SUMMATY. oo cee cee cece eee cee e eee e rere eee e eee ee erence seecees vi
Introduction. .... ccc clec eee e cece cere eres 1
Summary of the Act and Regulations...... 1
Definitions...... eee oenee eee cee e weer eens cere eesceees 2
Analysis of Data Reported Under the Act... cere eeeeeeeeeeee 5
Holdings........- 5
Acquisitions.... 27
Dispositions, Land-Use Changes, and Changes in Status 38
TYENdS.. eee cece eee cece eee cere cece rene ec eee ees eeeeeeee 40
Program Costs and Peralties..cscccssecceceececcecececeesees 47
Appendix: Report Form ASCS-153.........see cece ese eeeeeeeee 48

bh
pe



Tenure

Foreign owners operate 30 percent of the parcels acquired during
the period and 54 percent of the acres, whereas tenants operate
27 percent of the parcels and 28 percent of the acres (table 32).
Managers, operate 7 percent of the parcels and 3 percent of the
acres. No responses on tenure were received for 35 percent of
the parcels covering 14 percent of the acres. Rental agreements
applied to only 26 percent of the parcels covering 29 percent of
the acres.

Tenure Change

Reports for 29 percent of the parcels acquired during the period
indicate no tenure change for 27 percent of the acreage (table

32). Reports for 41 percent of the parcels, containing 67
TABLE 31--INTENDED USE OF U.S. AGRICULTURAL LAND ACQUISITIONS OF FOREIGN OWNERS,
JANUARY 1 ~ DECEMBER 31, 1994
(NUMBER)
ITEM NO CHANGE OTHER OTHER NON- NO REPORT | COMBINATION TOTAL
AGRICULTURE | AGRICULTURE

INDIVIDUAL:

PARCELS REPORTED 51 6 ° ° ° 57

ACRES 6,108 494 ° ° ° 6,602
ORGANIZATION:

PARCELS REPORTED 180 13 WwW 1 1 206

ACRES 95,035 1,589 2,718 400 136 99,878
TOTAL:

PARCELS REPORTED 231 19 iW 1 1 263

ACRES 101,143 2,083 2,718 400 136 106,480

TABLE 32--TENURE OF FOREIGN-OWNED U.S.

AGRICULTURAL LAND ACQUISITIONS

UANUARY 1 - DECEMBER 31, 1994
PARCELS ACRES VALUE
TENURE REPORTED (NUMBER) (1,000
(NUMBER ) DOLLARS) 4/
CURRENT:
FOREIGN OWNER 73 57,409 40,562
MANAGER 19 3,234 7,033
TENANT 70 30,174 75,596
NO REPORT 93 14,793 33,491
COMBINATION 2 873 1,843
TOTAL 263 106,480 158,525
RENTAL:
CROP 6 2,471 15,376
CASH 61 27,942 56,757
BOTH 1 80 211
NO REPORT 116 18,578 45,619
NOT APPLICABLE 79 57,409 40,562
TOTAL 263 106,480 158,525
INTENDED CHANGE:
NONE 68 22,969 49,439
NEW 106 70,296 75,309
BOTH 3 874 1,938
NO REPORT 86 12,941 31,839
TOTAL 263 106,480 158,525

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

37


are in these two land-use categories (tables 26 and 27).
Seventy-three percent of these acquisitions, were in Alabama,
Georgia, Mississippi, New York, and Vermont (table 27).

Foreign persons from the United Kingdom not affiliated with a
U.S. corporation and foreign persons from Canada and Germany
purchased most of the U.S. forest land or forest and other
nonagricultural lands (table 28), accounting for 90 percent of
such acquisitions, 12,557 acres.

TABLE 27--U.S. FOREST AND OTHER NONAGRICULTURAL LAND

ACQUISITIONS OF FOREIGN OWNERS BY STATE,
JANUARY 1 - DECEMBER 31, 1994

STATE PARCELS ACRES VALUE
AND U.S. REPORTED (NUMBER) (1,000
TERRITORY (NUMBER ) DOLLARS) 1/

ALABAMA 2 1,187 641
FLORIDA 1 47 5,000
GEORGIA 4 1,184 732
KENTUCKY 2 76 22
LOUISIANA 6 643 10,561
MAINE 1 175 26
MINNESOTA 3 224 43
MISSISSIPPI 17 4,139 5,316
NEW YORK 3 1,864 1,585
NORTH CAROLINA 4 215 610
OREGON 5 437 1,125
PENNSYLVANIA 8 699 342
SOUTH CAROLINA 5 845 723
TENNESSEE 1 103 57
VERMONT 5 1,811 438
VIRGINIA 2 69 53
WASHINGTON 1 40 244
WEST VIRGINIA 4 251 117
TOTAL 74 14,003 27,632

i/ 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, 1994

OWNERS PARCELS ACRES VALUE
COUNTRY REPORTING | REPORTED | (NUMBER) (4,000

(NUMBER ) (NUMBER ) DOLLARS) 4/
AUSTRALIA 2 2 406 1,175
CANADA 4 5 1,797 393
GERMANY 3 7 839 613
NETHERLANDS 1 1 343 185
PAKISTAN 1 1 14 16
UNITED KINGDOM 2 29 6,700 17,637
VENEZUELA 1 1 103 57
SUBTOTAL 2/ 14 46 10,202 20,076
US/BAHAMAS 1 1 47 5,000
US/BELGIUM 1 3 173 595
US/CANADA 3 6 1,600 755
US/FRANCE 1 1 42 15
US/GERMANY 6 15 1,621 910
US/THIRD TIER 1 2 318 281
SUBTOTAL 3/ 13 28 3,801 7,556
TOTAL 27 74 14,003 27,632

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

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

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

35


errors must also be considered in reviewing this study. Result-
ing data deficiencies are noted where appropriate. The "No
Report" category in the tables means that a response to the
particular question was not made. Note that the acreage figures
reported do not mean that they are wholly owned by foreign
investors. Of the 14.1 million foreign-owned acres, 53 percent
are owned by U.S. corporations in which there is a significant
interest or substantial control by foreign persons (table 8). In
addition, a number of acres are owned only in part by foreign
investors. See, for example, table 2, which gives the acreage
equivalent for foreign owners reporting partial interests in the
real estate. These partial interests reduce the 14.1 million
acres to an equivalent of 12.7 million acres.

Analysis of Data Reported Under the Act
Holdings

Data in this section are derived from the 13,558 reports filed by
foreign persons who held land as of December 31, 1994. These re-
port forms account for 14,058,174 acres of all U.S. agricultural
land. This is a decrease of 530,445 acres from the 14,588,619
acres foreign owners reported owning as of the end of last

year. 3/ This 530,445-acre decrease is more than the 240,484
acres disposed of during 1994, as reported in the "Dispositions"
section. The reasons for this difference are because (1)
transactions made prior to December 31, 1993, the closing date of
last year’s report, were reported after that date and (2)
sizeable holdings were removed when the status of two companies
changed from foreign to nonforeign.

Concentration of Foreign Ownership of U.S. Agricultural Land

Foreign persons have reported acreage holdings in all 50 States
and Puerto Rico (table 1 and fig. 1). Except for Maine
(described below), only a small percentage of privately held
agricultural land in the other 49 States is foreign owned (table
1 and fig. 2). Deleting the acreage for Maine from the Northeast
data, foreign investment in U.S. agricultural land is concen-
trated in the West and South, 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, 2,052,701 acres, or 11 percent of the privately owned
agricultural land in the State and approximately 15 percent of
the reported foreign-owned agricultural land in the United
States. Most of the foreign-owned agricultural land in Maine,
1,791,990 acres, is timber land owned by three companies. One
company owns various percentage interests in 798,942 acres,

3/ The 14,645,460 acres reported in last year’s report overstated
the amount of foreign-held U.S. agricultural land because of filing
errors and reductions in the nonagriculture category. The 1993
figure has been adjusted downward to 14,588,619 acres.

5


Figure 3

Trends In Foreign Ownership of Agricultural Land by Type of Use, 1981-94

Million acres.

15
144
13 5
124

14 Forest
10 +
9+
a
7-4

Nonag
Other ag

Pasture

Crop

1981 1982 1983 1984 1985 1986 1987 1988 1989 1990 1991 1992 1993

Program Costs and Penalties

Administration of the Agricultural Foreign Investment Disclosure
Act of 1978 for obtaining and analyzing the data required an
estimated 8.8 staff-years at a cost of approximately $429,000 to
USDA for the past year, of which the Agricultural Stabilization
and Conservation Service contributed approximately 7.7 staff-
years at an estimated cost of $372,000. 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 1994, USDA assessed 59 penalties for late filings,
totaling $13,000.

47


Figure 1
State Concentration of Foreign Ownership of Agricultural Land, December 31, 1994

200,000-399,999

400,000 & over

Figure 2
Proportion of Foreign-Owned Agricultural Land to All Privately Owned
Agricultural Land in the United States, December 31 , 1994

C1 _sLess than .1%
fA 10.9%

1.0 to 1.9%

: 2.0% or more



Foreign Ownership of U.S. Agricultural Land Through December 31,
1994, by J. Peter DeBraal, Natural Resources and Environment
Division, Economic Research Service, U.S. Department of
Agriculture. Statistical Bulletin No. 919.

Abstract

Foreign persons owned 14.1 million acres of U.S. agricultural
land as of December 31, 1994. This is slightly more than 1
percent of all privately held agricultural land and 0.65 percent
of all land in the United States. These and other findings are
based on an analysis of reports submitted in compliance with the
Agricultural Foreign Investment Disclosure Act of 1978.

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

Washington, DC 20005-4788 June 1995


Concentration of Foreign Acquisitions of U.S. Agricultural Land
|
Fifty-three percent of the acres acquired during 1994 were in
Colorado and Mississippi (table 18). Eighty-four percent of the
acquisitions were concentrated in the West and South (table 24).
Much of this concentration is due primarily to foreign persons
from France accounting; for 45 percent of the acquisitions.
Characteristics of Foreign Owners

Type of Foreign Owner.) Corporations reported acquiring 53
percent of the parcels and 41 percent of acres (table 19).
Individuals account for 6 percent of the acres; partnerships, 11
percent; and trusts and others, 42 percent. When partial
interests of foreign investors are taken into account, the
106,480 acres drop to jan acreage equivalent of 106,056 acres.

Corporations acquired jan average of 311 acres per parcel, or 496
acres per owner, compared with individuals who acquired an
average 116 acres per |parcel, or 135 acres per holder. Partner-
ships reported acquisitions averaging 194 acres per parcel, or
440 acres per owner; and trusts and others reported 5,658 acres
per parcel and 11,316 jacres per owner.

The largest acreage acquired by individuals during the period was
reported for Texas (table 20). organizations reported acquiring
the largest acreage in Colorado and Mississippi.

Size of Acquisition. /Owners of parcels with 300 acres or more
(28 percent of the owners) acquired approximately 91 percent of
the acres, and owners | of parcels with less than 300 acres (72
percent of the owners) acquired the remaining 9 percent of the
acres (table 21). All parcels of 300 or more acres accounted for
63 percent of the total value. The value per acre, however, is
concentrated in the reports of holders of less than 300 acres--
$6,052 per acre, compared with $1,030 per acre for holdings of
300 or more acres.

TABLE 19--U.S. AGRICULTURAL LAND ACQUISITIONS BY TYPE OF FOREIGN OWNER,
JANUARY 1 - DECEMBER 31, 1994
(NUMBER)

PARCELS WITH
OWNER OWNERS PARCELS ACRES PARTIAL ACREAGE

REPORTING] REPORTED INTERESTS EQUIVALENT 2/
REPORTED 1/

INDIVIDUAL 49 57 6,602 4 6,392
CORPORATION 87 139 43,181 4 43,117
PARTNERSHIP 26 59 11,432 1 11,282
TRUST 2 2 180 ° 180
OTHER 2 6 45,085 ° 45,085

TOTAL 166 263 106,480 9 106,056

4/_ PARCELS WITH PAUTIAL 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, 1994
(NUMBER)
SOUTH WEST NORTHEAST MIDWEST
COUNTRY
t
PARCELS | ACRES | PARCELS | AcRES | PaRceLS | ACRES | PARCELS | ACRES
i

ARGENTINA 35 6,661 6 4,866 3 1,798 1 80
AUSTRALIA 3 4,025 6 1,474 3 419 3 222
AUSTRIA 60 | 23.517 10 9,154 5 543 16 4,101
BAHAMAS 38 9.143 7 18,645 7 1,138 1 7,200
BAHRAIN ° ° ° ° ° ° 2 313
BARBADOS 3 117 ° ° ° ° ° °
BELGIUM 24 10,364 56 «51,797 12 802 n 2,563
BELIZE 4 | "159 4 25 ° ° 1 365
BERMUDA 23° | 67,800 7 1,916 8 2,067 28 2.460
BOLIVIA 2 11 ° ° ° ° ° °
BRAZIL 9 9,584 1 320 1 137 1 40
BRITISH VIRGIN ISLANDS 33° 116.770 3 4,203 3 690 3 3,912
CANADA 298 | 68, 100 499 279,949 668 1,151,166 194 72,892
CAYMAN TSLANDS 37 18,659 cy 17,510 4 248 8 4,218
CHILE 8 654 1 960 1 300 1 160
CHINA 7 580 2 263 ° ° 1 92
COLOMBIA 37 19,314 ° ° ° ° 1 100
COSTA RICA 8 2.845 1 10,840 ° ° 1 150
CROATIA 1 863 ° ° ° ° 1 160
CUBA 4 58 ° ° ° ° ° °
CZECH REPUBLIC 1 a7 ° ° ° ° 1 320
DENMARK 1 551 8 5,984 6 4,806 3 1,607
DOMINICAN REPUBLIC 3 29 ° ° ° ° 9 21079
ECUADOR 28 971 ° ° ° ° ° °
EGYPT 12 1,837 1 97 1 100 1 42
EL SALVADOR 3 128 ° ° ° ° ° °
FINLAND ° ° 1 22 ° ° ° °
FRANCE 98 17,679 48 © 93,123 24 11,998 18 5,402
GAMBIA 1 294 ° ° ° ° ° °
GERMANY 820 24,779 325 251,251 237 0 48,355 412 134,489
GREECE 11 [57,972 2 1,439 2 90 9 990
GUATEMALA 8 553 ° ° 2 307 1 242
GUYANA 1 35 ° ° ° ° ° °
HONDURAS, 12 1,018 ° ° ° ° ° °
HONG KONG 34 6,628 44 5.789 7 1,657 3 667
HUNGARY ° ° ° ° 1 103 ° °
INDIA 5 1,108 9 603 1 23 ° °
INDONESIA 4 752 ° ° ° ° ° °
IRAN 5 396 7 481 5 788 6 678
IRELAND 10 6,474 1 3,600 ° ° 4 434
ISRAEL 2 364 1 61 1 159 2 367
ITALY 23 «| 77,636 17 2,704 4 756 8 1,537
IVORY COAST ° ° ° ° 1 119 ° °

UAMAICA 3 321 ° ° ° ° °
UAPAN 32 | 32,481 74 150,344 3 247 24 17,230
UORDAN 12 719 1 571 2 229 3 61
KAMPUCHEA ° ° ° ° ° ° 1 31
KOREA (SOUTH) 4 479 2 987 1 100 1 34
KUWAIT 9 19,020 2 224 1 217 4 727
Laos 1 31 ° ° ° ° ° °
LEBANON 24 7,198 5 2.410 2 179 10 2,817
LIBERIA 7 1,500 10 23,381 3 4,637 1 114
LIECHTENSTEIN 78 | 65.507 560 87,251 15 2,210 20 10,281
LUXEMBOURG 3 2.289 2 505 2 29 1 286
MALAYSIA 4 40 4 7,908 ° ° ° °
MEXICO 258 |145,643 22 9-32, 189 1 a7 5 877
morocco ° ° 1 360 3 515 1 160
NAMIBIA 2 106 ° ° ° ° 1 ot
NETHERLANDS. 164 | 49,118 62 37,117 33° 10,542 57 15,515
NETHERLANDS ANTILLES 220 © ©(/176.558 94 149,340 a1 6,590 35 024,349
NEW ZEALAND 3 13,237 2 350 ° ° ° °
NICARAGUA 4 1.378 ° ° ° ° ° °
NORWAY 2 654 3 361 ° ° 15 4,058
‘OMAN 4 192 1 262 ° ° ° °
PAKISTAN ° ° 7 982 ° ° ° °
PANAMA 118 | 82,535 24 = 29,402 6 2,622 8 7,090
PERU 17 182 1 a1 1 15 1 30
PHILIPPINES 13 1,158 a7 2,502 ° ° 3 156
POLAND ° ° ° ° 1 147 ° °
PORTUGAL 2 510 8 3,251 1 385 ° °
RUSSIA ° ° ° ° 4 761 ° °
ST VINCENT 3 1,318 ° ° 1 1,319 ° °
SAUDI ARABIA aa 161475 4 10,789 1 31628 5 661
SINGAPORE ° ° 3 504 ° ° ° °
SOMALIA ° ° ° ° 1 14 ° °
SOUTH AFRICA 3 2.012 ° ° 3 461 2 200
SPAIN "1 2.067 7 826 ° ° 5 997
SWEDEN 15 3.679 16 48,471 3 313 10 2.086
SWITZERLAND 332 | 136.166 91 110,985 44 16,248 67-27, 993

SYRIA 5 2.161 1 194 2 334 °
TAIWAN 12 4.361 18 2.473 ° ° 6 1,065
TANZANIA 2 10.143 ° ° ° ° ° °
THATLAND 3 580 3 978 1 164 3 113
TRINIDAD & TOBAGO 2 36 ° ° ° ° 1 58
TURKEY ° ° 1 38 ° ° ° °
TURKS ISLANDS ° ° 6 798 1 160 5 2,234
UNITED ARAB EMIRATES 9 3.411 5 519 ° ° 1 150
UNITED KINGDOM 244 |847.985 122 730,161 54 78,803 at 77,518
URUGUAY 2 1,570 2 320 ° ° 4 8.917
VENEZUELA 105 10,923 1 537 16 2.758 24 8,392
VIETNAM 1 152 ° ° ° ° ° °
ZIMBABWE 1 230 ° ° ° ° ° °
16 CONTINUED --



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 1-703-834-0125.

Ask for Foreign Ownership of U.S. Agricultural Land Through December 31, 1994 (SB-91 9).
The cost is $9.00 per copy. For non-U.S. addresses (including Canada), add 25 percent.
Charge to your Visa or MasterCard, or send a check or purchase order ( payable to ERS-

NASS) to:

ERS-NASS
341 Victory Drive
Herndon, VA 22070

Can You Use An Electronic Database?

An electronic database containing the data in this report is available. This database is in the
form of ASCII files on a DOS-compatible, 3.5" diskette.

To order, just dial 1-800-999-6779, Toll free in the United States and Canada. Other

areas, please call 1-703-834-0125.

Ask for Foreign-owned Agricultural Land, order #87015, $35. For non-U.S. addresses (in-
cluding Canada), add 25 [percent. Charge your purchase to your VISA or MasterCard. For
further information on this database, write to J. Peter DeBraal, Room 532, 1301 New York

Avenue, NW, Washington, DC 20005-4788 or phone 202-219-1011.

This database is also available on the worldwide Internet through a cooperative project

between ERS and the Albert R. Mann Library at Cornell University. For access:
1. Gopher client--gopher usda.mannlib.corell.edu 70.

2. Telnet--telnet usda.mannlib.cornell.edu and login as "usda" (no password is

needed). This will connect you to the Gopher with the basic Unix client.

3. FTP--ftp usda.mannlib.cornell.edu, login as "anonymous" with your ID name
or e-mail address as the password, then cd usda.

For further information about Internet access methods, please write to Oya Rieger, Albert R.
ersity, Ithaca, NY 14853-4301. (oyr1 @cornell.edu) or phone 607-

Mann Library, Cornell Univ
255-7960.

The United States jeparime

peer

prog

rams on

the basis of race, color, national origin, sex, religion, age, disability, political beliefs, and marital or
familial status. (Not all prohibited bases apply to all programs.) Persons with disabilities who re-
mmunication of program information (braille, large print, audiotape,
etc.) should contact the USDA Office of Communications at (202) 720-5881 (voice) or (202) 720-

quire altemative means for
7808 (TDD).
To file a complaint, write the

ment opportunity employer.

2 Secretary of Agriculture, U.S. Department of Agriculture, Washington,
DC 20250, or call (202) 720-7327 (voice) or (202) 720-1127 (TDD). USDAis an equal employ-


the acres (table 36). | As should be expected, sales prices per
acre were higher for smaller parcels. Average selling price for
parcels of less than 20 acres was $38,312 per acre, compared with
$230 per acre for parcels of 1,000 or more acres. Average
selling price of all reported dispositions was $408 per acre.

Country of Origin. Foreign persons from the United Kingdon,

France, and Panama disposed of most of the acreage-~85 percent
(table 37). Most of the dispositions occurred in the West, 42
percent of the acres (table 38). Foreign persons from France,
Panama, and the United Kingdom accounted for 98 percent of the

dispositions in the West.
Land Use

Eleven percent of the [dispositions were cropland; 43 percent,
pasture; 41 percent, forest; 1 percent, other agriculture; and 4
percent other nonagriculture (table 39). U.S./France
corporations disposed |jof 42 percent of the cropland; foreign
persons from France and Panama disposed of 81 percent of the
pasture land, and U. s//U.K. corporations disposed of 76 percent
of the forest land.

Trends

The data for 1994 are/generally biased toward the first part of
the year, whereas the|data for 1981 through 1993 are generally
more evenly distributed throughout the year (table 40). This has
also been the case for current year data in past AFIDA reports.
This can be explained| primarily in terms of the AFIDA reporting
requirements, which allow persons 90 days to report their trans-
actions to the U.S. Department of Agriculture (USDA). Con-
sequently, not all transactions eccurring in the 90 days pre-
ceding the closing date of the report are reported to USDA by
that date. Some of the bias is also due to reports that are not
timely filed and/or completed by the closing date. The foregoing
discussion also means| that the 1994 data and, in some instances,
data for prior years are understated and should be regarded as
preliminary.

Foreign ownership of U.S. agricultural land has remained rel-
atively steady from 1981 through 1993--slightly above or below 1
percent of all 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, dropping to 6.0 million in 1989,
rising to 7.3 million| in 1991, and dropping to 6.6 million in
1994. These changes are mainly due to million-acre-plus
transactions by large timber companies. Looking at the crop,
pasture, and other agriculture figures reveals a steady but
relatively small increase in the numbers. Cropland rose from 1.7
million acres in 1981) to 2.5 million in 1994; pasture, from 2.8
to 3.9 million acres;| and other agriculture, from 0.5 to 0.7
million acres. ~-

40


TABLE 13--U.S. FOREST AND OTHER NONAGRICULTURAL

LANDHOLDINGS
BY COUNTRY OF FOREIGN OWNER, DECEMBER 31, 1994
(NUMBER)

country overs | parcers | — acres
I
ARGENTINA 2 2 240
AUSTRALIA 5 7 946
AUSTRIA 8 23 17,250
BAHAMAS | 2 2 71241
BARBADOS =| 4 4 18
BELGIUM 2 2 161
BELIZE 4 2 102
BERMUDA 8 4 44,617
BRITISH VIRGIN TSLANDS 1 1 iss
CANADA i 208 A158 1,195,626
CAYMAN. TSLANDS 4 7 21384
COSTA RICA 1 1 20
DENMARK 4 5 6.027
EGYPT 3 4 140
EL SALVADOR 1 1 50
FRANCE 10 13 7.375
GERMANY 136 288 158,368
GREECE 3 3 118
GUATEMALA 1 1 te8
HONG KONG 2 5 4,069
INDIA 1 1 a3t
IRAN 3 3 243
ISRAEL 1 1 76
UAPAN 6 6 1,287
ORDAN 3 4 204
KOREA (SOUTH) 4 1 353
KUWAIT 1 1 198
LEBANON 1 1 25
LiBerta 2 2 4,280
LIECHTENSTEIN 9 13 4asig1
LUXEMBOURG 2 3 279
MEXICO 2 3 208
NETHERLANDS 6 to 4,405
NETHERLANDS [ANTILLES 24 30 34,215
NORWAY 1 1 74
PAKISTAN 1 1 14
PANAMA 5 8 15.736
PHILIPPINES 4 5 203
ST VINCENT 1 4 20
SAUDI ARABI 3 3 665
SOMALIA 1 4 11
SPAIN 2 2 488
SWEDEN 2 2 105
SWITZERLAND 7 25 9.513
i 2 2 447
TAIWAN 1 1 96
TURKS ISLANDS 1 1 5
UNITED ARAB [EMIRATES 1 2 708
UNITED KINGDOM 42 201 1,472,718
VENEZUELA 7 8 11235
VIETNAM 1 1 152
MULTIPLE 8 9 5.620
THIRD TIER 4 7 43,938
SUBTOTAL 657 1,157 2,994,425
US/AUSTRALTA 1 1 315
US/AUSTRIA 4 6 3.565
US/BAHAMAS 2 3 31431
US/BELGIUM 7 38 21,386
US/BERMUDA 4 22 111020
US/BRITISH VIRGIN
ISLANDS 2 14 -291,.677
US/CANADA 42 471 1,372.40
US/CAYMAN ISLANDS 1 1 640
US/CHINA 1 3 1,527
US/DENMARK 4 4 5.176
US/DOMINICAN REPUBLIC 1 1 589
US/FINLAND 1 4 2,152
US/FRANCE 14 123 76.968
US/GERMANY 38 4100 1691117
US/GREECE 1 1 147
US/TRELAND 1 4 1,612
US/JAPAN 16 24 721890
US/KENYA 1 1 32
US/KUWATT 1 1 7172
US/LIBERIA 4 4 3.520
US/LIECHTENSTEIN 2 3 6.648
US/LUXEMBOURG 1 1 8
US/MEXICO 1 ‘ 63
US/NETHERLANDS, 10 4 41,199
US/NETHERLANDS ANTILLES 8 13 11673
US/NORWAY 1 1 25
US/PANAMA 4 4 2.242
US/PHILIPPINES 3 3 796
US/QATAR 1 1 219
US/SAUOT ARABIA 2 5 3,043
US/SWITZERLAND 14 24 54.318
US/TAIWAN 3 3 ca
US/UNITED KINGDOM 48 224 453,551
US/VENEZUELA 8 6 3,192
US/MULTIPLE| 5 15 161,391
Us/THIRO THER 2 124 238.182
SUBTOTAL 2/ 256 1,572 2,973,220
TOTAL 913 2.729 5,967,645

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

FOREIGN SHAREHOLDERS.

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

SHAREHOLDERS.


Interest in Land

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

Method of Acquisition

Fifty-nine percent of the parcels, covering 27 percent of the
acres, were acquired for cash only (table 25). This compares
with 6 percent of the parcels, covering 47 percent of the acres,
acquired by other method only.

Land _ Use

Of the acres acquired in 1994, 55 percent were in pasture, 19
percent in crop, 16 percent in forest, and 5 percent each in
other agriculture and nonagriculture (table 26). U.S./
Switzerland and U.S./Japan corporations and foreign persons from
Germany acquired 56 percent of the cropland. Foreign persons
from France acquired 76 percent of the pasture land and foreign
persons from the United Kingdom not affiliated with a U.S.
corporation and foreign persons from Canada acquired 60 percent
of the forest land.

Separating data on reports for only forest or forest and other
nonagricultural land shows that 13 percent of the acquisitions

TABLE 25--FOREIGN-OWNED U.S. AGRICULTURAL LAND ACQUISITIONS BY TYPE
OF INTEREST, METHOD OF ACQUISITION, AND OWNER-REPRESENTATIVE
JANUARY 1 - DECEMBER 31, 1994

(NUMBER )
ITEM PARCELS ACRES
REPORTED
INTEREST:
FEE INTEREST WHOLE 246 104,052
FEE INTEREST PARTIAL 1/ 9 843
PURCHASE CONTRACT 7 1,571
OTHER 1 14
TOTAL 263 106,480
METHOD OF ACQUISITION:
CASH ONLY 155 28,773
CREDIT ONLY 44 10,243
TRADE ONLY 30 7,187
GIFT/INHERITANCE ONLY 2 834
FORECLOSURE ONLY 10 8,376
OTHER METHOD ONLY 15 49,507
CASH & CREDIT ONLY 4 1,250
CASH & TRADE ONLY 2 196
CASH & ANY OTHER COMBINATION 1 114
TOTAL 263 106, 480
OWNER-REPRESENTATIVE:
ATTORNEY 64 65,801
MANAGER 57 14,390
AGENT 26 7,787
OTHER 94 18,443
FOREIGN OWNER 13 2,229
NO REPORT 9 B60
TOTAL 263 106,480

i/ THE FEE INTEREST PARTIAL IS USED FOR THOSE PARCELS WHICH ARE
OWNED ONLY IN PART BY THE FOREIGN INVESTOR; THAT IS, A PERCENTAGE
INTEREST LESS THAN 100 PERCENT. 33


Relationship of Foreign Owner to Representative

Forms were most commonly completed by the attorneys, accounting
for 31 percent of the parcels and 35 percent of the acreage
(table 10). The second largest group is the other category
(accountants, family members, and people associated with or
employed by corporations) with filings for 25 percent of the
parcels and 22 percent of the acres, followed by managers with
filings for 16 percent of the parcels covering 26 percent of the
acres.

Land Use

Forty-seven 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 50 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, 1994

(NUMBER)
ITEM PARCELS ACRES
INTEREST:
FEE INTEREST WHOLE 14,775 11,734,266
FEE INTEREST PARTIAL 1/ 866 1,839,326
LIFE ESTATE 48 9,700
TRUST BENEFICIARY 166 101,089
PURCHASE CONTRACT 637 314,605
OTHER 66 59,188
TOTAL 13,558 14,058,174
METHOD OF ACQUISITION:
CASH ONLY 6,924 4,386,986
CREDIT ONLY 3,416 2,264,393
TRADE ONLY 337 353,706
GIFT/INHERITANCE ONLY 360 229,987
FORECLOSURE ONLY 60 56,134
OTHER METHOD ONLY 1,149 4,199,508
CASH & CREDIT ONLY 1,080 1,742,437
CASH & TRADE ONLY 68 510,622
CASH & ANY OTHER COMBINATION 47 54,681
NO REPORT 43 13,997
NONCASH COMBINATIONS 74 245,723
TOTAL 13,558 14,058,174
OWNER-REPRESENTATIVE:
ATTORNEY 4,268 4,973,039
MANAGER 2,171 3,590, 167
AGENT 1,653 1,163,680
OTHER 3,332 3,130, 156
FOREIGN OWNER 1,991 1,021,732
NO REPORT 143 179,400
TOTAL 13,558 14,058,174

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

19


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

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

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

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


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

AGRICULTURAL LAND

BY SIZE OF DISPOSITION, JANUARY 1 - DECEMBER 31, 1994
OWNERS PARCELS SELLING
SIZE REPORTING REPORTED ACRES, PRICE
(ACRES) (NUMBER ) (NUMBER ) (NUMBER ) (4,000
DOLLARS) 1/
LESS THAN 20 20 28 170 6,513
20-59 23 45 B41 10,868
60-99 15 23 1,099 3,500
100-299 26 at 5,006 12,673
300-999 26 43 14,198 21,353
1000 OR MORE 21 152 259,170 59,620
TOTAL 131 372 280,484 114,527
41/ SELLING PRICE IS VALUE AT TIME OF DISPOSITION.
TABLE 37--DISPOSITIONS OF U.S. AGRICULTURAL LAND BY COUNTRY OF FOREIGN
OWNER, UANUARY 1 - DECEMBER 31, 1994
OWNERS PARCELS SELLING
COUNTRY REPORTING | REPORTED ACRES PRICE
(NUMBER ) (NUMBER ) (NUMBER ) (1,000
DOLLARS) 4/
AUSTRIA 1 1 804 925
BERMUDA 1 2 49 948
CANADA 4 13 14,266 5,727
CAYMAN ISLANDS 1 1 233 198
DENMARK 2 3 369 200
EGYPT 1 1 38 58
FRANCE 6 19 47,268 10,163
GERMANY 25 36 7,350 13,804
ITALY 1 1 125 600
JAPAN 2 4 38 9,501
LEBANON 1 1 59 250
LIECHTENSTEIN 1 1 1,477 800
MEXICO 1 1 5 350
NETHERLANDS 4 5 836 1,069
NETHERLANDS ANTILLES 1 1 72 295
NORWAY 1 1 320 15
PANAMA 1 1 41,368 2,400
PHILIPPINES 2 7 70 161
SWITZERLAND 5 13 886 2.414
UNITED KINGDOM 2 32 8,369 5,164
SUBTOTAL 2/ 10 144 124,022 55,039
US/ARGENTINA 1 2 486 920
US/AUSTRALIA 1 1 4 28
US/AUSTRIA 1 1 79 150
US/BELGIUM 3 7 831 486
US/BRITISH VIRGIN
ISLANDS 1 42 208 1,728
US/CANADA 8 23 2.112 3,867
US/FINLAND 4 1 67 38
US/FRANCE 6 40 26,716 17,781
US/GERMANY 10 25 3,946 2.759
US/IRELAND 1 3 289 1,207
US/UAPAN 1 1 387 238
US/LIECHTENSTEIN 2 2 556 1,010
US/NETHERLANDS 2 4 1,059 732
US/NETHERLANDS ANTILLES 2 6 4,076 3,540
US/PANAMA 1 1 181 475
US/SWITZERLAND 5 6 2,033 1,437
US/UNITED KINGDOM 13 61 413,173 22,801
US/THIRD TIER 2 2 252 291
SUBTOTAL 3/ 61 228 156,462 59,488
TOTAL ALL
LAND DISPOSITIONS 131 372 280,484 114,527

i/

SHAREHOLDERS.

SELLING PRICE IS VALUE AT TIME OF DISPOSITION.

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

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

41


TABLE 39--DISPOSIT

IONS OF U.S. AGRICULTURAL LAND BY COUNTRY OF FOREIGN OWNER, BY USE,

JANUARY 1 - DECEMBER 31, 1994
(ACRES)
COUNTRY CROPLAND PASTURE FOREST OTHER OTHER NON- TOTAL
AGRICULTURE | AGRICULTURE

AUSTRIA 799 ° ° ° 5 804
BERMUDA 6 ° ° 43 ° 49
CANADA 1,704 355 1714 63 430 14,266
CAYMAN ISLANDS 181 ° 34 21 ° 233
DENMARK 369 ° ° ° ° 369
EGYPT ° ° ° 5B ° 58
FRANCE 34 45,045 2.177 15 ° 47.268
GERMANY 2,674 725 3.510 406 35 7.350
ITALY 125 ° ° ° ° 125
JAPAN ° ° ° 15 23 38
LEBANON ° ° 59 ° ° 59
LIECHTENSTEIN 900 300 177 50 50 1,477
MEXICO ° ° ° 5 ° 5
NETHERLANDS 710 69 56 ° 1 836
NETHERLANDS ANTILLES 60 ° 7 ° 5 72
NORWAY 248 ° 18 42 12 320
PANAMA ° 41,368 ° ° ° 41,368
PHILIPPINES 70 ° ° ° ° 70
SWITZERLAND 524 170 50 1 51 886
UNITED KINGDOM ° 4,395 3,974 ° ° 8,369

SUBTOTAL 1/ 8.401 92,427 241,773 809 612 124,022
US/ARGENTINA 463 ° ° ° 23 486
US/AUSTRALIA ° ° ° ° 14 14
US/AUSTRIA 18 ° ° ° 61 73
US/BELGIUM 1 ° 830 ° ° 831
US/BRITISH VIRGIN

ISLANDS ° ° 208 ° ° 208
US/CANADA 617 "1 673 787 18 2,112
US/FINLAND ° ° 67 ° ° 67
US/FRANCE 12,714 10,648 2.100 878 376 26,716
US/GERMANY 2,189 1,286 276 6 189 3,946
US/IRELAND 63 215 9 1 1 289
US/JAPAN 171 ° ° 216 ° 387
US/LIECHTENSTEIN 556 ° ° ° ° 556
US/NETHERLANDS 18 +040 ° ° 1 1,059
US/NETHERLANDS ANTILLES 2.578 ° 1,445 ° 53 4,076
US/PANAMA 176 ° ° ° 5 181
US/SWITZERLAND 541 ° 616 39 837 2.033
US/UNITED KINGDOM 1,508 14,050 88,237 ° 9.378 113,173
US/THIRD TIER ° ° 252 ° ° 252

SUBTOTAL 2/ 21,613 27,250 94,719 1,927 10,953 156,462
TOTAL ALL

LAND DISPOSITIONS 30,014 119,677 116,492 2,736 11,565 280,484

4/ TOTAL INTERESTS
2/ TOTAL INTERESTS

EXCLUDING U.S.

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

43


TABLE 1--U.S. AGRICULTURAL LANDHOLDINGS OF FOREIGN OWNERS BY STATE, DECEMBER 31, 1994

TOTAL LAND, PRIVATELY OWNED FOREIGN-OWNED | PROPORTION OF
AREA | AGRICULTURAL AGRICULTURAL FOREIGN-OWNED TO
STATE OF STATE 14/| LAND 2/ LAND PRIVATELY OWNED
(1,000 ACRES) (4,000 ACRES) (ACRES) AGRICULTURAL LAND

| (PERCENT )

ALABAMA 32,491) 28,620 300,375 1.0
ALASKA 365,333 500 75 NEG.
ARIZONA 72,645 10,502 331,859 3.2
ARKANSAS 33,330 27,981 178,928 6
CALIFORNIA 100,031) 44,042 918,771 2.1
COLORADO 66,301, 36,618 642,309 NEG.
CONNECTICUT 3,118 1,884 822 :0
DELAWARE 1,237, 972 5,878 6
FLORIDA 34,658 23,975 621,201 2.6
GEORGIA 37,156 32,338 561,412 1.7
HAWAIL 4,112 1,998 179,971 9.0
IDAHO 52,744 15,256 22,375 at
ILLINOIS 35,613 31,633 203,761 26
INDIANA 22,996 20,493 86,113 24
IOWA 35,818 33,582 32,459 a
KANSAS 52,338 49,780 67,958 at
KENTUCKY 25,988 22,578 114,225 5
LOUISIANA 28,494 24,523 667,587 2.7
MAINE 19,837 18,065 2,052,704 14.4
MARYLAND 6,296 4,510 51,112 1.4
MASSACHUSETTS 5,008 2,664 2,029 1
MICHIGAN 36,454 25,742 443,377 1.7
MINNESOTA 50,914 36,343 221,502 26
MISSISSIPPI 30,229 26,713 485,589 1.8
MISSOURI 44,125 39,289 73,790 .2
MONTANA 93,048 53,052 476,198 a)
NEBRASKA 49,052 45,444 76,585 12
NEVADA 70,332 8,248 285,773 3.5
NEW HAMPSHIRE 5.756 4,254 16,451 4
NEW JERSEY 4,773 2,438 18,366 138
NEW MEXICO 77,654 35,705 784,030 2.2
NEW YORK 30,324 21,893 275,995 1.3
NORTH CAROLINA 31,260 26,392 224,737 9
NORTH DAKOTA 44,352 39,211 27.840 a1
OHIO 26,243 22,519 199,521 :9
OKLAHOMA 43,939 38,500 58,047 22
OREGON 61,558 28,022 642,812 2.3
PENNSYLVANIA 28,728 21,518 91,880 4
PUERTO RICO NA NA 839 NEG.
RHODE ISLAND 675 357 17 NEG.
SOUTH CAROLINA 19,330 15,851 197,137 1.2
SOUTH DAKOTA 48,609 39,556 42,957 a
TENNESSEE 26,339 21,873 82,734 4
TEXAS 167,691 154,417 1,173,564 0.8
UTAH 52,527 11,892 60.604 5
VERMONT 5,935 5,153 85,784 1.7
VIRGINIA 25,410 20,963 148,604 :7
WASHINGTON 42,567 22,530 388,439 1.7
WEST VIRGINIA 15,436 13,531 167,632 1.2
WISCONSIN 34,833 26,729 18,474 :3
WYOMING 62,073 24,459 186,975 8
TOTAL 2,265, 18? 1,265,171 14,058,174 1.4

4/1980 LAND AREA FROM beoarapHy DIVISION, CENSUS BUREAU.

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

NEG, = NEGLIGIBLE

NA = NOT AVAILABLE «+