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 nisinterpreted to suggest that a single foreign
person was taking over the farming of the State.

Purchase Price and Value of Holdings. As noted earlier under
"Type of Foreign Owner, " corporations own 72 percent. of the

acreage. Corporate purchase price and nonpurchase price
(estimated value) at time of acquisition account for 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 $684; followed by
partnerships, $736; individuals, $931; and all others, $1,068.

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 1995 for all years prior to.1995 (table
6). The total adjusted current value indicates a 7-percent

increase from the reported current value. The adjustment factor

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

BY SIZE OF HOLDING, DECEMBER 31, 1995
|

Sze | OWNERS. PARCELS ACRES

(AcRES) | (NUMBER) (NUMBER ) (NUMBER )
LESS THAN 20 aot 939 9,266
20-59 4,984 1,584 47,397
60-99 716 846 55,588
100-299 1,752 2,248 309.047
300-999 11634 21513 299,553
1000 OR MORE 11254 51647 19,781,284
TOTAL 7.625 13,777 15,102,037

TABLE 5--VALUE OF U.S. AGRICULTURAL LANDHOLDINGS
BY TYPE OF FOREIGN OWNER, DECEMBER 31, 1995

~ ACRES ACRES
WITH PURCHASE WITH NON-
OWNERS, PURCHASE PRICE 1/ NON- PURCHASE
OWNER (NUMBER) PRICE (1,000 PURCHASE PRICE 1/
REPORTED | DOLLARS) PRICE (4,000
(NUMBER ) REPORTED DOLLARS)
(NUMBER)
INDIVIDUAL 2,996 757,909 786,916 141,930 51,037
CORPORATION 3,212 7,662,283 6,093,195 3,210,660 1,341,592
PARTNERSHIP 4/142 2.698.627 1,954,883 253,621 216.790.
ESTATE 8 281 41,073 700 59
TRUST j2a4 223,373 257,172 18,359 11,120
INSTITUTION 3 1,078 1,367 - 0 °
ASSOCIATION 3 9,402 12,789 159 465
OTHER 27 33,712 24,821 90,041 93,969
TOTAL 7,625 11,386,662 9,132,216 3,718,470 1,715,032

T
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,

UANUARY 1 - DECEMBER 31, 1995
OWNERS PARCELS ACRES, VALUE
COUNTRY REPORTING | REPORTED (NUMBER ) (4,000
(NUMBER) (NUMBER ) DOLLARS) 1/
ARGENTINA 1 1 4 370
AUSTRIA 1 1 26 170
BAHAMAS 1 1 199 116
BELGIUM 1 1 80 78
CANADA 12 412 815 2,924
FRANCE 4 6 2,430 1,103
GERMANY 18 26 3,867 4,401
INDIA 1 1 20 120
INDONESIA 1 1 640 580
JAPAN 4 5 197 2,695
LEBANON 1 1 59 250
MEXICO 3 3 540 195
NETHERLANDS, 4 5 598 1,418
NETHERLANDS ANTILLES 1 1 7 245
NEW ZEALAND 1 1 424 300
RUSSIA 1 1 10 48
SAUDI ARABIA 1 1 408 116
SPAIN 2 2 993 432
SWEDEN 3 5 439 2,300
SWITZERLAND 4 4 1,747 944
UNITED ARAB EMIRATES 1 1 69 1,520
UNITED KINGDOM 7 27 22,414 20,835
VENEZUELA 1 2 313 1,034
MULTIPLE 1 1 460 1,524
SUBTOTAL 2/ 75 110 36,766 44,378
US/AUSTRIA 2 2 3,047 2,150
US/BAHAMAS 1 1 3 963
US/BRITISH VIRGIN
ISLANDS 2 5 1,020 980
US/CANADA 12 25 109,345 8,394
US/CAYMAN ISLANDS 1 5 40,008 77,014
US/COLOMBIA 2 3 1,281 2,673
US/EGYPT 1 5 550 551
US/FRANCE 8 18 8,681 8,273
US/GERMANY 16 47 14,977 41,759
US/JAPAN 8 13 2,894 16,275
US/LIECHTENSTEIN 1 1 1,837 615
US/MEXICO 2 2 12 143
US/NETHERLANDS 2 10 74,591 15,902
US/NETHERLANDS ANTILLES 1 1 48 1,195
US/PAKISTAN 1 1 423 485
US/PHILIPPINES 1 1 88 235
US/SPAIN 1 10 2,235 992
US/SWITZERLAND 2 2 618 429
US/UNITED ARAB EMIRATES. 1 1 1,100 1,250
US/UNITED KINGDOM 8 16 4,702 11,062
US/URUGUAY 1 1 77 260
US/MULTIPLE 3 a 275 1,240
SUBTOTAL 3/ 77 174 264,812 162,840
TOTAL ALL
LAND ACQUISITIONS 152 284 301,578 207,218

4/ VALUE

2/ TOTAL INTERESTS EXCLUDING U.S.
SHAREHOLDERS .

3/ - TOTAL

CORPORATIONS WITH FOREIGN

31

IS PURCHASE PRICE OR NONPURCHASE PRICE (ESTIMATED VALUE).

INTERESTS OF U.S. CORPORATIONS WITH FOREIGN SHAREHOLDERS.


Acquisitions

Foreign persons reported that they had acquired 284 parcels of
U.S. agricultural land, covering 301,578 acres during January 1-
December 31, 1995 (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, 1995, closing date of this report were received
for processing by USDA. Therefore, a number of reports for
October, November, and December are not included here. 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. Such reports would not have been
processed for inclusion here.

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

JANUARY 1 - DECEMBER 31, 1995
STATE VALUE STATE VALUE
AND U.S. ACRES (1,000 AND U.S. ACRES (14,000
TERRITORY (NUMBER ) DOLLARS) TERRITORY (NUMBER ) DOLLARS)
ar iV

ALABAMA 784 460 |NEW YORK 4,500 950
ARIZONA 1,010 1,062 |NORTH CAROLINA 1,871 3,699
ARKANSAS 1,410 1,461 |OHTO 472 2,938
CALIFORNIA 79,240 27,602 }OKLAHOMA 2,825 1,560
COLORADO 19,129 9,392 [OREGON 1,522 5,283
CONNECTICUT 59 250 | PENNSYLVANIA 176 1,247
FLORIDA 1,670 4,990 |SOUTH CAROLINA 1,656 1,136
GEORGIA 4,384 5,024 | TENNESSEE 28 206
HAWAII 87 3,090 | TEXAS 56,547, 8B, 462
IDAHO 30 130 |UTAH 449 1,236
ILLINOIS "5 6,063 9,808 |VERMONT , 480 509
INDIANA 2,197 4,117 [VIRGINIA 430 1,743
IOWA 200 265 |WASHINGTON 1,373 15,443
KANSAS 718 428° |WEST VIRGINIA 241 108
KENTUCKY 926 1,233 . |WISCONSIN 327 506
LOUISIANA 1,952 2,105 | WYOMING 39 55
MAINE 213 56
MARYLAND 415 1,100 TOTAL 301,578 207,218 °
MICHIGAN 60 45 .
MINNESOTA 428 38
MISSISSIPPI 3,670 4,684
MISSOURI 201 750
MONTANA 1,108 570
NEVADA 102,640 3,432
NEW MEXICO Bt 45

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

27


Corporations accounted for the largest number of owners reporting
acquisitions of forest or forest and other nonagricultural land--
57 percent of the owners reported acquiring 54 percent of the
parcels covering 20 percent of the acres (table 29).

Owners’ of parcels with less than 1,000 acres, 89 percent of the
owners, reported acquiring 73 percent of the parcels covering,
only 13 percent of the forest or forest and other nonagri-
cultural lands (table| 30). The remaining 11 percent of the
holders, owning parcels with 1,000 or more acres, reported
acquiring 27 percent of the parcels covering 87 percent of these
lands and representing 96 percent of the value.

Intended Use

Reports for more than, 98 percent of the acres indicated no change
Intended changes to other agricultural
and nonagricultural uses were reported for holders of approx-
imately 1 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 0.3) percent of the acres.

TABLE 29--U.S. FOREST AND OTHER NONAGRICULTURAL LAND ACQUISITIONS
BY TYPE OF FOREIGN OWNER, JANUARY 1 - DECEMBER 31, 1995

(NUMBER)
| PARCELS WITH .
OWNER OWNERS |] PARCELS | ACRES PARTIAL ACREAGE
REPORTING] REPORTED INTERESTS | EQUIVALENT 2/
| REPORTED 1/
|
INDIVIDUAL 8 10 787 A 719
CORPORATION 20 45 10,998 ° 10,998
PARTNERSHIP 3 21 21586 ° 2.586
TRUST. 2 2 330 ° 330
OTHER 4 6 40,206 ° 40,206
TOTAL 38 84 54,877 1 54,839
|

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, 1995
|
I
SIZE OWNERS PARCELS ACRES VALUE
(ACRES) REPORTING REPORTED (NUMBER ) (4,000
(NUMBER ) (NUMBER ) DOLLARS) 1/
I
LESS THAN 20 4 4 35 14
20-59 4 5 147 S17
60-99 4 7 338 559
100-299 10 27 1,728 917
300-999 9 18 4,884 2,229
1000 OR MORE 4 23 47,745 92,972
TOTAL 35 84 54,877 97,262

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

control in that entity.

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

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

The AFIDA procedures provide for land to be reported by parcels.
All land held in the same manner (type of interest) , located -in
one county, and acquired at the same time, is considered a parcel
and is to be 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 FOREIGN-OWNED U.S: AGRICULTURAL LAND, BY DATE
YANUARY 1961 - DECEMBER 1995--CONTINUED
. ACQUISITIONS DISPOSITIONS
DATE
PARCELS “ACRES, VALUE PARCELS ACRES VALUE
REPORTED (NUMBER) | (1,000 REPORTED (numBER) =| (1,000
(NUMBER) DOLLARS) 1/ (NUMBER) DOLLARS) 1/
1001
YANUARY 86 17,086 8, 166 28 4,760 5.413
FEBRUARY 47, 13,745 39,234 39 5.369 11,772
MARCH 53 44,997 48,511 20 106,049 16,612
APRIL 40) 55,901 36,548 45 50,261 18,333
May 07) 21,518 36,980 30 51740 21765
JUNE ag 76,080 32,908 36 190,028 23/669
vULY 155) 133,053. 170,005 16 7.382 8.828
AUGUST. 53) 21,881 17,334 36 4.424 61023
SEPTEMBER 38) 211534 28,858 19 21815 8.205
OcToBER 34 71584 81463 33 16.865 7.183
NOVEMBER 39 8.543 14,493 29 8,042 31119
DECEMBER 7 37,888 38,769 68 162.716 27,013
MULTIPLE 9, ° ° 1 60 914
TOTAL 747 459,780 530,269 400 564,481 139,848
1992
UANUARY 78 12,315 18,926 st 95,141 30,854
FEBRUARY 44 8,082 26,973 25 4,292 3.903
MARCH 48] 42,494 4tiaat 54 28,876 17,363
APRIL 49) 22,937 43,086 69 15.121 10,914
MAY 34 43,319 14,033 54 69,863 3.946
UUNE 34 18,730 16.472 56 28,012 14,729
vULY 4g} 36,840 49,093 55 55.678 15,212
AUGUST 46 82,232 96,621 58 52,992 103/953
SEPTEMBER 49 157,829 56.052 58 328,559 15,888
octoBer 80) 24,788 4a 12.670 51579
NOVEMBER 413 48.640 257 50, 192 19,117
DECEMBER 72 92,617 76 54,660 36,388
MULTIPLE rc) ° 1 19 291
TOTAL 667 596,527 468.742 858 736,075 278,137
1993
YANUARY 39 10,537 21,243 56 19,983 15,057
FEBRUARY 38 9,529 11,946 58 14,479 18,982
MARCH 73 82,281 aa. taa 72 36,946 18,698
APRIL 61 19,223 24.768 58 29,393 21) 184
May a7 87,860 39,845 51 128,442 33,984
JUNE 81 28,834 22,057 53 33,216 13,344
uULY "1 163,805 23,025 60 14,113 8.064
AUGUST 34 25,648 6.430 83 17,368 71994
SEPTEMBER 55 241312 41,263 56 141005 13,704
OcTOBER 33 26,190 12.810 65 205, 103 41,580
NOVEMBER 27 7,256 61863 a9 29.746 20,183
DECEMBER 56 311,078 86, 104 69 37,462 30,442
TOTAL 584 766,653 330,498 730 580,256 251,616
1994
YANUARY 35 52,917 31,859 33 91,763 18,888
FEBRUARY 19 81249 51640 24 2,021 2,010
MARCH 30 12,847 42.363 29 29,879 10,961
APRIL 40 3,907 11,584 36 12,368 14,159
MAY 29 6.631 17,021 36 61015 7.748
JUNE 33 11,547 14,630 48 11,230 31,955
vULY 25 21954 +18, 190 50 103, 158 8.173
AUGUST 30 6,059 23,248 at 13,837 14,826
SEPTEMBER 24 51453 7.268 60 10,842, 91991
OCTOBER 16 3.933 71530 37 8.582 4.316
NOVEMBER 4 2.022 10,900 43 6.974 14,918
DECEMBER 23 918,185 91,998 al 29,132 24,761
“TOTAL 315| 1,034,704 282,231 548 325,801 172,646
1995
YANUARY 50 83,745 37,258 142 58,253 2. 108
FEBRUARY 22 9.921 51465 34 14,655 71584
marci 36 9,142 121277 34 3.991 31533
APRIL 42 16,831 20.155 42 19,680 25,880
May 19 2,652 3.890 36 23/664 19,371
UNE 27 107,099 11,195 34 5,694 11,020
vULY 28 7,021 11,904 38 5292 4,238
AUGUST 23 42,939 4.174 18 18,748 29,399
SEPTEMBER 18 2.842 12,698 24 39,555 10,679
OcTOBER 9 45,551 8.613 "1 2.728 1,499
NOVEMBER 9 3.095 2.460 9 827 88
DECEMBER 1 740 370 2 154 "1
TOTAL 284 301,578 207,399 304 193,241 155,881
1/ VALUE 15 PURCHASE PRICE OR NONPURCHASE PRICE (ESTIMATED .VALUE) AT TIME OF ACQUISITION.
46



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

YANUARY 1981 - DECEMBER 1995
i
achursirtons o1sposit108Ns
DATE ; |
PARCELS ACRES VALUE PARCELS ACRES VALUE
REPORTED (NuMBER) | (1,00% REPORTED (numBeR)” | (1,000
(NUMBER) DOLLARS) 1/ (NUMBER) DOLLARS) 1/
1981
JANUARY 152 67,059 106, 187 53 4,136 29,207
FEBRUARY 182 44,004 87,272 35 11,026 17,559
MARCH 284. |2,489,023 1.922653 44 105, 183 31,220
APRIL 176 105,283 126,701 85 50.437 38.157
MAY 187 144,690 2241130 55 10.853 17,352
UNE 197 115.763 111,843 60 50,818 35,890
vULY 176 137,844 183, 162 54 61,558 41,688
auGUST 315 680,869 283,667, 46 26,429 38,717
SEPTEMBER 156 50,684 104.517 40 5.287 8.718
OCTOBER 187 141,370 66.220 47 18,190 13,804
NOVEMBER 187 75.567 77,122 50 23,154 18,752
DECEMBER 149 113,428 108/537 61 31.424 38,779
MULTIPLE 7 11846 2.018 1 11 204
TOTAL 2,268 [4,137,430 3, 404,329 601 438,503 344,047
1982
JANUARY 199 92,524 156,961). 68 33.098 44,971
FEBRUARY 103 51,792 73,947 36 25,870 17,294
MARCH 143 50,474 91,683 35 71465 11,460
APRIL 122 55,224 67.241 38 28,722 20,708
MAY. 119 84,260 65,485 39 9,156 26.175
UNE 444 79,414 65.174 47 291474 39,797
JULY 136 70,556 87,916 40 “411633 19, 168
AUGUST. 108 192,259 97.743 31 15/860 23,987
SEPTEMBER 78 47.116 35.028 30 241609 10,719
ocToBER 98 38.649 34,542 43 21830 2.727
NOVEMBER 88 125.187 157,806 39 19.720 66,027
DECEMBER 92 36.484 85,906 87 16,220 22/385
MULTIPLE 7 3,552 31875, ° ° °
TOTAL 1,428 929,491 993,307 500 224,654 305,388
1983
YANUARY 98 31,893 59, 186 30 12,705 14,841
FEBRUARY 78 45/893 47,207 35 125,211 23,649
MARCH 79 22,321 46,244 33 8.104 15,202,
APRIL 112 82.058 58,258 "1 26,568 24/706 °
may 118 37,318 67,502 se 27,497 18,420
JUNE 74 29,725 86.413 , 59 71096 41,642
JULY 86 46.511 46,879 53 18,659 271690
AUGUST m1 33,826 30;901 53 34,153 23,677
SEPTEMBER n” 104,823 98,673 40 1,272 12,203
octoser 48 19,031 27.416 at ais7t 28,029
NOVEMBER 17 85,024 324,795 61 176802 290,889
DECEMBER 79 32,502 64,826 78 151809 4,139
TOTAL 991 550,685 928,997 619 468,447 555,087
1984
UANUARY 417 318,592 138,527 127 55,458 56,750
FEBRUARY 43 19,078 50,271 27 13,920 22,447
MARCH sa 78, 168 89,735 52 26,609 24,878
APRIL at 72,868 95,844 49 34,847 42,603
MAY 66 14,031 19, 148 41 Tle71 11,036
UNE 74 80,882 70.820 42 29,884 371041
uULY 54 14,098 156/227 47 14, 162 24,759
AUGUST 68 95,707 90,410 49 14020 31, 104
SEPTEMBER 56 26,637 41.415 53 61278 8.699
OCTOBER 47 19.633 36.530 35 21,380 28,153
NOVEMBER 46 43,760 41,772 61 14,085 16,550
DECEMBER 88 964,261 278,404 az) 896,284 101.679
MULTIPLE 1 170 575 ° ° °
TOTAL 808 657,882 1, 109,678 654 1,074,798 406.699
1985
UANUARY 85 73,409 27 7,395 9,947
FEBRUARY 29 19 123167 101931
MARCH 45 29 5.798 16.496
APRIL 46 a7 91285, 13,280
MAY a4 34 2.844 6.800
JUNE at 26 26.265 aNl874
JULY 49 27 2,062 alata
AUGUST 36 at 71431 4) 109
SEPTEMBER 116 28 193,417 11,736
ocToBER 60 36 16,452 8.699
NOVEMBER 27 18 6.974 7,340
DECEMBER 138 144 37.826 50, 159
MULTIPLE 1 ° ° °
TOTAL 685 2, 178,655 548,043 466 327,916 184,192
Continued--
44





United States Department of Agriculture
Economic Research Service
1301 New York Avenue, NW
Washington, DC 20005-4788



TABLE 38--DISPOSITIONS OF U.S. AGRICULTURAL LAND BY COUNTRY OF FOREIGN OWNER, BY U.S. REGION,
VANUARY 1 - DECEMBER 31, 1995

(NUMBER)
SOUTH WEST NORTHEAST MIDWEST
COUNTRY |
PARCELS | ACRES | PaRceLs | acres |.paRcELS | acres | paRcELs | ACRES
REPORTED REPORTED REPORTED REPORTED

BERMUDA ° ° 6 asB ° ° ° °
CANADA 2 163 2 89 3 153 1 310
FRANCE 5 1,135, 1 1,036 ° ° ° °
GERMANY 15 3,605 6 2,629 8 626 6 493
ITALY 2 ‘pao 5 647 ° ° ° °
YAPAN ° ° 2 194 ° ° 1 1
LEBANON 1 292 ° ° ° ° ° °
CIBERTA 3 1,273 ° ° ° ° ° °
LIECHTENSTEIN 1 [14 ° ° ° ° ° °
NETHERLANDS 2 506 ° ° 1 " 1 33
NETHERLANDS ANTILLES ° ° ° ° 2 10 2 1,270
NORWAY . ° ° 1 460 ° ° ° °
SWEDEN ° ° 3 178 ° ° ° °
SWITZERLAND 5 1/145 3 859 ° ° 1 149
UNITED KINGDOM 10 2.866 3 15 ° ° 3 153
VENEZUELA 1 620 ° ° ° ° 3 322
THIRD TIER 1 8,265 ° ° ° ° ° °

SUBTOTAL 1/ 48 20,124 32 6.305 14 860 18 2,731
US/AUSTRIA ° ° 4 26,246 ° ° ° °
US/BRITISH VIRGIN :

ISLANDS ° ° ° ° ° ° 24 154
US/CANADA 10 2.373 ° ° ° ° 2 92
US/CHINA 1 148 ° ° ° ° ° °
US/FRANCE 10 24,435 1 1,012 5 862 5 1,024
US/GERMANY 32 1,091 1 2.448 8 115 13 869
US/JAPAN ° ° 3 404 ° ° ° °
US/NETHERLANDS, 2 12 68 49,731 ° ° 2 238
US/NETHERLANDS ANTILLES 1 1,814 ° ° ° ° ° °
US/PAKISTAN ° ° 1 22 ° ° ° °
US/PANAMA ° ° ° ° ° ° 2 800
US/SWITZERLAND 3 61 1 145 ° ° 2 62
US/TAIWAN ° | o 1 68 ° ° ° °
US/UNITED KINGDOM 23 15,461 19 3,239 1 36 28 4,352
US/THIRD TIER 9 24,686 ° ° ° ° ° °

SUBTOTAL 2/ 91 70,881 99° 83,715 14 1,013 78 7,612
TOTAL ALL

LAND DISPOSITIONS 138 91,005 131 90,020 28 1,873 96 10,343

i
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 RY COUNTRY OF FOREIGN OWNER,

DECEMBER 31, 1995

(NUMBER)

COUNTRY OWNERS. PARCELS ACRES
ARGENTINA 37 45 12.578
AUSTRALIA 17 20 6, 106
AUSTRIA 59 87 29,336
BAHAMAS, 37 584 36.325
BAHRAIN 2 2 313
BELGIUM 87 103 65,586
BELIZE . 4 6 849
BERMUDA 51 67 73,835
BOLIVIA 2 2 "
BRAZIL to 19 10,336
BRITISH VIRGIN ISLANDS 29 at 124,062
CANADA 1,367 1,682 1,571,341
CAYMAN ISLANDS 46 87 39.028
CHILE 7 10 2.055
CHINA 7 8 924
COLOMBIA 32 38 11,444
COSTA RICA 8 10 131835
CROATIA 2 2 1023
cuBA 3 4 58
CZECH REPUBLIC 2 2 347
DENMARK 15 18 12,048
DOMINICAN REPUBLIC 12 12 2. 108
ECUADOR 22 28 971
EGYPT 13 15 2,076
FRANCE 146 188 128.663
GERMANY | 1,059 1,801 783.530
GREECE | 17 24 60.491
GUATEMALA | 10 14 1,102
GUYANA 1 1 35
HONDURAS 12 1,018
HONG KONG a9 151061
HUNGARY. | 1 103
INDIA 16 1,754
INDONESIA 5 41382
TRAN 23 21343
IRELAND . 14 10,490
TSRAEL 6 951
ITALY 48 81,477
IVORY COAST 1 119
UAMAICA 4 567
UAPAN 147 199,930
YORDAN 18 1,580
KAMPUCHEA 1 31
KOREA (SOUTH) 8 1,570
KUWAIT 16 20, 188
LAOS 1 at
LEBANON a2 12,663
LIBERIA 24 30.981
LIECHTENSTEIN 166 133/276
LUXEMBOURG 8 3! to
MALAYSIA 4 8 Teas
MEXICO 229 289 179276
MOROCCO 2 5 1,035
NAMIBIA 2 3 197
NETHERLANDS 243 318 142, 104
NETHERLANDS ANTILLES 280 378 385,382
NEW ZEALAND 5 6 14,011
NICARAGUA 3 4 11378
NORWAY 19 19 a.913
OMAN 2 5 454
PAKISTAN 7 7 982
PANAMA 126 155 121,629
PERU 19 20 308
PHILIPPINES 32 43 3,816
POLAND 1 1 147
PORTUGAL 8 "4 4,146
RUSSIA 2 5 cael
ST VINCENT ~ 2 4 2.637
SAUDI ARABIA a4 ‘ 61 31.956
SENEGAL ' 1 10
SINGAPORE 3 3 04
SOMALIA 1 1 1"
SOUTH AFRICA 7 8 2,673
SPAIN 20 25 ‘4.883
SWEDEN 31 49 54.880
SWITZERLAND 387 533 286,005
SYRIA 6 8 2,689
TATWAN 32 36 71899
TANZANIA 2 2 10,143
THAILAND 8 10 11835
TRINIDAD & TOBAGO 3 3 94
TURKEY 1 1 38
TURKS ISLANDS 9 13 3,292
UNITED ARAB EMIRATES 13 16 40149
UNITED KINGOOM 2a4 533 4,798,722
URUGUAY 6 38 10,807
VENEZUELA | 1 145 221339
VIETNAM 1 1 152
ZIMBABWE ‘ 1 230
Seen Ee Continued- -



TABLE 24--FOREIGN OWNERSHIP OI

F U.S. AGRICULTURAL LAND ACQUISITIONS BY U.S. REGION,

JANUARY 1 - DECEMBER 31, 1995
(NUMBER)
SOUTH WEST NORTHEAST MIDWEST.
COUNTRY |
PARCELS ACRES PARCELS ACRES PARCELS ACRES PARCELS ACRES
REPORTED REPORTED REPORTED REPORTED

ARGENTINA ° ° 1 4 ° ° ° °
AUSTRIA 1 26 ° ° ° ° ° °
BAHAMAS 1 199 ° ° ° ° ° °
BELGIUM ° ° ° ° ° ° 1 80
CANADA 1 89 7 260 3 166 1 300
FRANCE 2 744 3 1,605 1 Bt ° °
GERMANY, 14 2,190 4 1,071 ° ° .8 606
INDIA ° ° 1 20 ° ° o °
INDONESIA ° ° 1 640 ° ° ° °
JAPAN ° ° 3 90 ° ° 2 107
LEBANON ° ° ° ° 1 59 ° °
MEXICO 3 540 ° ° ° ° ° °
NETHERLANDS, 5 598 ° ° ° ° o °
NETHERLANDS ANTILLES ° ° 1 7 ° ° ° °
NEW ZEALAND 1 424 ° ° ° ° ° °
RUSSIA 1 10 ° ° ° me) ° °
SAUDI ARABIA ° ° 1 408 ° ° ° °
SPAIN , 2 993 ° ° ° ° ° °
SWEDEN ° ° 5 439 ° ° ° °
SWITZERLAND 3 991 1 756 ° ° ° °
UNITED ARAB EMIRATES ° ° ° ° ° ° 1 69
UNITED KINGDOM 14 1,842 4 14,488 2 4,544 7 1,540
VENEZUELA ° ° ° ° ° ° 2 313
MULTIPLE ° ° ° ° ° ° 1 460

SUBTOTAL 1/ 48 8.646 32 19,795 7 4,850 23 3,475
US/AUSTRIA 1 800 4 2,247 ° ° ° °
US/BAHAMAS 1 3 ° ° ° Oo. ° °
US/BRITISH VIRGIN

ISLANDS 4 380 1 640 ° ° ° °
US/CANADA 7 6. 100 11, 102,628 2 189 5 428
US/CAYMAN ISLANDS 5 ° ° ° ° ° °
US/COLOMBIA 3 ° ° ° ° ° °
US/EGYPT ° 5 550 ° ° ° °
US/FRANCE 14 ° ° 2 213 2 417
US/GERMANY 24 6 3,556 3 128 14 4,739
US/JAPAN 2 5 1,567 1 415 5 754
US/LIECHTENSTEIN 1 ° ° ° ° ° °
US/MEXICO ° 1 1 ° ° 1 1
US/NETHERLANDS ° 9 74,264 ° ° 1 327
US/NETHERLANDS ANTILLES ° ° ° 1! 48 ° °
US/PAKISTAN ° 1 423 ° ° ° °
US/PHILIPPINES 1 ° ° ° ° ° °
US/SPAIN 10 2,235 ° ° ° ° ° °
US/SWITZERLAND 1 | 579 1 39 ° ° ° °
US/UNITED ARAB EMIRATES 1 1,100 ° ° ° ° ° °
US/UNITED KINGDOM 7 3,456 6 703 ° ° 3 543
US/URUGUAY 1 17 ° ° ° ° ° °
US/MULTIPLE 1 10 3 265 ° ° ° °

SUBTOTAL 2/ 84 69,717 50 186,883 9 993 31 7,219
TOTAL ALL

LAND ACQUISITIONS 132 78,363 82 206,678 16 5,843 54 10,694

Ine
“SN

32

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

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



List of Tables

Table

1.

2.

10.

11.

12.

13.

14.

15.

16.

17.

U.S. agricultural landholdings of foreign owners by
State, December 31, 1995... . 2. 2. 2 2 2 2 2 ee ewe

U.S. agricultural landholdings by type of foreign
owner, December 31, 1995 . . 2. «© «© © © © © © © © we we ew

Foreign owners of U.S. agricultural landholdings by
State, December 31, 1995 . . 2. © «© «© © © © © ee we we we

Foreign-owned U.S. agricultural landholdings by size of
holding, December 31, 1995... 2. 6 se ee ee we eee

Value of U.S. agricultural landholdings by type of
foreign owner, December 31, 1995... ... ++ +e eee

Value of foreign-owned U.S. agricultural landholdings
by date of acquisition, December 31, 1995 .......

Value of foreign-owned U.S. agricultural landholdings
by State, December 31, 1995 . 2. . 2. 2 «© 2 © we we we wee

U.S. agricultural landholdings by country of foreign
owner, December 31, 1995... . 2. 2. 2 2 2 we ee ew ew we

Foreign ownership of U.S. agricultural landholdings by
U.S. region, December 31, 1995... .... + 2. ee ee

Foreign-owned U.S. agricultural landholdings by type of
interest, method of acquisition, and owner-
representative, December 31, 1995 ...... +e eee

Use of U.S. agricultural landholdings by country of
foreign owner, December 31, 1995 .........+24.2-4

U.S. forest and other nonagricultural landholdings of
foreign owners by State, December 31, 1995 ......

U.S. forest and other nonagricultural landholdings by
country of foreign owner, December 31, 1995 ......

U.S. forest and other nonagricultural landholdings by
type of foreign owner, December 31, 1995 ......2..

Foreign-owned U.S. forest and other nonagricultural
landholdings by size of holding, December 31, 1995...

Intended use of U.S. agricultural landholdings of
foreign owners, December 31, 1995 ..........

Tenure of foreign-owned U.S. agricultural landholdings,
December 31, 1995 . 2. 2. 2 2 2 2 ee we ew ew ew we ww

iii

10

11

13

14

16

19

20

23

24

25

25

25

26


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

TABLE 14--U.S. FOREST AND OTHER NONAGRICULTURAL LANDHOLDINGS
BY TYPE OF FOREIGN OWNER, DECEMBER 31, 1995
(NUMBER )

PARCELS WITH ACREAGE
OWNER OWNERS PARCELS ACRES PARTIAL EQUIVALENT 2/
INTERESTS 1/

INDIVIDUAL 406 497 117,886 37 116,544
CORPORATION 374 1,878 5,136,756 157 4,119,101
PARTNERSHIP. 117 409 1,580,172 20 1,576, 102
ESTATE 1 1 14 ° 14
TRUST 23 St 34,668 1 34,144
OTHER 9 14 42,447 ° 42,447

TOTAL 930 2,850 6,911,943 215 5,888,352

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

100 PERCENT. .
2/ ACREAGE EQUIVALENT EQUALS THE TOTAL ACREAGE REPORTED MULTIPLIED BY

THE PERCENTAGE HELD BY THE FOREIGN OWNER.

TABLE 15--FOREIGN-OWNED U.S. FOREST AND
OTHER NONAGRICULTURAL LANDHOLDINGS
BY SIZE OF HOLDING, DECEMBER 31, 1995

SIZE OWNERS PARCELS ACRES
(ACRES) (NUMBER ) (NUMBER ) (NUMBER )
LESS THAN 20 130 134 1,469
20-59 206 222 6,882
60-99 86 97 6,590
100-299 177 222 29,859
300-999 146 267 83,106
1000 OR MORE 185 1,908 6,784,037

TOTAL 930 2,850 6,911,943

TABLE 16--INTENDED USE OF U.S. AGRICULTURAL LANDHOLDINGS OF FOREIGN OWNERS,
DECEMBER 31, 1995

(NUMBER )
ITEM NO CHANGE OTHER —|OTHER NON- NoT TOTAL
AGRICULTURE | AGRICULTURE] REPORTED

INDIVIDUAL:

PARCELS REPORTED 3,462 179 94 56 3,788

ACRES 826,304 57,089 6,583 9,768 899.744
ORGANIZATION:

PARCELS REPORTED 8,499 461 854 173 9,988

ACRES 13,427,499 254,407 370,876 149,375 14,202,293
TOTAL:

PARCELS REPORTED 11,961 640 945 229 13,776

ACRES 14,253,803 311,496 377,459 159,143 15,102,037

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 6--VALUE OF FOREIGN-OWNED U.S. AGRICULTURAL LANDHOLDINGS
BY DATE OF ACQUISITION, DECEMBER 31, 1995

ACRES, ACRES
. WITH PURCHASE WITH NON-
DATE PARCELS ACRES PURCHASE | PRICE 1/ NON- PURCHASE
ACQUIRED (NuMBER) =| (NUMBER) PRICE (1,000, PURCHASE | PRICE ‘1/
REPORTED | DOLLARS) PRICE (1,000
(NUMBER ) REPORTED | DOLLARS)
(NUMBER )
1995 284 301,578 246,089 106.964 55.489 100,257
1994 432 1,182,344 190,432 182,596 991,912 183,868
1993 509 725,263 442,423 203,220 282,840 101.464
1992 602 535,599 “290,841 929,987 244,758 78,363
1991 877 291.923 241,093 328,887 50.830 70.756
1990 803 865,794 608.815 541.275 256,979 174,705
1989 607 1,021,855 908,794 667,243 113,061 89,698
1988 595 1,050,890 761,454 655,272 289,436 130,592
1987 429 433,163 340,516 271,201 92,647 52,496
1986 554 1,699,223 1,479,406 379,185 219,817 180,582
1988 322 340.872 237,071 319,576 103,801 49,497
1984 434 462,390 406, 192 363.430 56,198 141,765
1983 532 324.079 299,415 393,851 24,664 19952
1982 668 542.684 345,420 463.553 197, 264° 66.914
1981 1,072 967.107 618.769 686,492 348,338 155.670
1980 978 637.744 609,725 797,057 28.016 43.646
1979 1,063 833.113 788.938 1.062.099 26.836
1978 ea 456,993 448 536 447,557 7,210
1977 ama 961,673 951,947 300,632 5.644
1976 374 414,338 341,350 186.585 9.295
1975 224 165.951 162.646 92.646 1.714
1974-70 693 432,546 391.939 249,060 11,268
1969-60 439 503,894 415,066 80,939 81122
BEFORE 1960 227 551.024 459,690 23.287 91,334 4.418
TOTAL 13,776 15,102,037 11,986,567 9,131,991 3,715,470 1.715.032
ACRES REPORTED ADJUSTED.
WITH CURRENT CURRENT
CURRENT VALUE 2/ VALUE 3/
VALUE (1,000 (4,000
REPORTED cottars) DOLLARS)
(NUMBER)
1995 301,578 207.880 207,880
1994 1,182,344 366.843 377.848
1993 725,263 307.017 3341649
1992 535.599 412,006 165.567
1991 291,923 402,973 459,389
1990 865,794 698.093 809,788
1989 1,021,855 777.831 925.619
1988 1,050,890 792.253 998.239
1987 433.163 330,774 433,314
1986 1,699,223 571,647 731,708
19865 310,834 924,823 373.546
1984 462.185 506. 184 511,246
1983 923.787 424,657 416, 164
1982 541,317 579.283 598,733
1981 962.374 862,131 767.297
1980 556.521 705.097 655.740
1979 755.576 920,331 947,944
1978 385,025 A586, 111 469,794
1977 252,936 478.140 492,484
1976 362,769 221.022 227.653
1975 107,971 113.514 116,919
1974-70 300.613 335,139 345,193
1969-60 295,332 161, 186 166,022
BEFORE 1960 526,657 91,002 93,732
TOTAL 14,280,929 11,045,937 11,866,465

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 JANUARY 1, 1995. REPORTED CURRENT VALUE FOR

HOLDINGS ACQUIRED IN.1995 IS UNADJUSTED.

11°



TABLE 9--FOREIGN OWNERSHIP OF U.S.

AGRICULTURAL LANDHOLDINGS BY U.S. REGION,

DECEMBER 31, 1995~-CONTINUED
NUMBER)
SOUTH west NORTHEAST MIDWEST
COUNTRY
parcecs'| acres | PARCELS |’ AcRES | PARCELS | ACRES | PARCELS.| ACRES
MULTIPLE 38 9,237 25 «41,159 7 2.821 7 1,626
THIRD TIER 11 10,564 7 43,368 ° ° 3 940
SUBTOTAL 1/ 3,579°2,481,499 1,822 2,312,433 1,246 1,368, 148 1,199 482,172
US/ANDORRA ° ° 1 3.744 ° ° ° °
US/ARGENTINA 4 1,757 1 1,092 ° ° 3 1,207
US/AUSTRALIA 4 11797 1 37 ° ° 4 3. 196
US/AUSTRIA 15 10,055 6 16,083 ° ° ° °
US/BAHAMAS, 21 25,629 13° 27.527 4 4,137 5 4,207
US/BARBADOS ° ° 1 at ° ° ° °
US/BELGIUM 87 30,767 8 «35.484 9 12,559 40 9.749
US/BERMUDA 50-28, 184 a 71299 7 11654 3 430
US/BRAZIL 6 4,907 ° ° ° ° a8 9.489
US/BRITISH VIRGIN
TSLANDS, 16 4,357 9 130,417 1 137 10 289,793
US/CANADA 493° 361.174 223 2341084 105 961,780 131 2411986
US/CAYMAN ISLANDS 21 49.676 5 21540 1 250 1 70
US/CHILE 1 19 3 91929 ° ° ° °
US/CHINA 7 12,829 1 322 ° ° ° °
US/COLOMBIA 120 14,275 ° ° 1 160 ° °
US/COSTA RICA 1 407 ° ° ° ° ° °
US/OENMARK 6 1,335 5 5.636 ° ° 5 1,257
US/OOMINICAN REPUBLIC 1 589 ° ° ° ° ° °
US/ECUADOR 3 1,632 ° ° ° ° ° °
US/EGYPT 3 710 17 3.554 ° ° ° °
US/EL_ SALVADOR 6 607 ° ° ° ° ° °
US/F INLAND 4 2,152 ° ° ° ° 2 267
US/FRANCE 299 © 122.176 55 14,266 38 934,529 43° 29,110
US/GERMANY 604 318,003 84 336. 120 tat at.749 160 1761873
US/GREECE 1 147 2 4,957 1 145 ° °
US/GUATEMALA 3 4t2 ° ° ° ° ° °
US/GUYANA 2 334 ° ° ° ° ° °
US/HONDURAS 1 37 ° ° ° ° ° ©
US/HONG KONG 5 8.055 20 © 123,084 ° ° ° °
US/INOONESIA 5 644 ° ° ° ° ° °
US/TRAN 3 955 3 908 ° ° ° °
US/ITRAQ ° ° 1 800 ° ° ° °
US/IRELAND 10 1,942 ° ° ° ° ° °
US/TSRAEL. ° ° 3 ata ° ° ° °
US/ITALY 17, 22,062 2 410 5 984 1 91
US/JAPAN s9 19,187 152 193,094 11 65,353 95 13,302
US/JORDAN ° ° 3 434 ° ° ° ax)
US/KENVA 1 32 ° ° ° ° ° °
US/KOREA (SOUTH) 1 10 1 75 ° ° ° °
US/KUWAIT 5 1,196 4 6.066 1 772 3 296
US/LEBANON 3 258 ° ° 2 153 ° °
US/LIBERIA 6 2,451 a 18,023 5 3,590 ° °
US/LIBYAN ARAB REPUBLIC ° ° 3 280 ° ° ° °
US/LIECHTENSTEIN 35 70, 163 49, 24,026 3 670 12 6,343
US/LUXEMBOURG 14 11,866 15° 222,241 1 84 4 350
US/MALAYSIA ° ° 1 300 ° ° ° °
US/MALTA 1 500 ° ° ° ° ° °
US/MEXICO 45 46,710 39 104 , 362 2 138 16 3,185
US/NETHERLANDS 122 59,281 85 234,266 17 3.533 115° 87,217
US/NETHERLANDS ANTILLES 88 147,688 29 841663 5 1,335 22 6.886
US/NEW HEBRIDES ° ° 1 883 ° ° ° °
US/NEW ZEALAND 3 3.777 1 46.678 ° ° ° °
US/NICARAGUA 2 262 ° ° ° ° ° °
US/NORWAY 7 8,161 ° ° 3 1,548 ° °
US/PAKISTAN ° ° 1 423 ° ° ° °
US/PANAMA 46 44,518 43° 102,412 "4 4,687 8 2.474
US/PARAGUAY 1 236 ° ° ° ° °
US/PERU 8 1,696 ° ° ° ° °
US/PHILIPPINES 8 7,027 2 223 1 631 ° °
US/PORTUGAL 2 1,683 ° ° ° ° ° °
US/QATAR 1 ° ° ° ° ° °
US/SAUDI_ ARABIA 7] ° ° ° ° 2 353
US/SINGAPORE 1 ° ° ° ° ° °
US/SOUTH AFRICA 3 ° ° ° ° 1 160
US/SPAIN 18 10 2.680 2 1,548 1 50
US/SWEDEN 3 1 1.085 1 107 4 874
US/SWITZERLAND 124 64,433 27 44,321 82. 32,748
US/TAIWAN 53 10,203 2 699 5 31641
US/THATLAND 3 252 ° ° ° °
US/TRINIDAD 8 TOBAGO ° ° ° ° ° °
US/TURKEY ° ° ° ° ° °
US/UNITED ARAB EMIRATES, ° ° ° ° ° °
US/UNITED KINGDOM 159 658,371 79 47,673 159 87,705
US/URUSUAY ° ° ° ° 1 40
US/VENEZUELA 49 37,821 1 1,500 T 861 ° °
US/MULTIPLE ag "1t67t 17 6.86t 4 17,609 15 142.635
US/THIRO TIER 137. 338,911 7 2.791 1 702 2 350
SUBTOTAL 2/ 3,155 2,392,075 1,275 2,815,962 498 2,154,112 1,003 1,156,331
TOTAL ALL
LANDHOLDINGS 6.734 4,813,574 3.097 5,127,795 1,744 3,5225260 2,202 1,638,503

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

17


TABLE 7--VALUE OF FOREIGN-OWNED.U.S. AGRICULTURAL LANDHOLDINGS
BY STATE, DECEMBER 31, 1995

ACRES, REPORTED ADJUSTED

REPORTED WITH CURRENT CURRENT.

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

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

DOLLARS) REPORTED DOLLARS) DOLLARS)

(NUMBER)

ALABAMA 299,579 188, 152 292,128 189,066 266,494
ALASKA 75 73 75 73 85
ARIZONA 338,653 299,355 265,666 306 ,826 331,776
ARKANSAS, 155,691 145,666 153,376 145,670 104,535
CALIFORNIA 954,052 1,945,582 897,725 1,959,387 2,033, 140
COLORADO 678,173 383,887 654,204 382,029 445,008
CONNECTICUT 881 4,669 772 3,450 6.674
DELAWARE 5,878 17,449 5,610 16,495 28,792
FLORIDA 620,654 1,194,287 599,220 1,331,393 1,739,448
GEORGIA 558,953 502,234 531,579 527,335 593,713
HAWAIT 180,058 660,690 179,824 659,396 794,012
IDAHQ 22,624 9,961 21,815 10,737 15,105
ILLINOIS 209,549 291,458 207, 128 295,794 305,593
INDIANA 94,395 100, 298 93,693 101,429 106,945
IOWA 33,105 50,891 31,454 55,011 48,351
KANSAS 69,490 38,217 67,249 39,831 38,632
KENTUCKY 121,151 234,671 115,663 234,617 290,063
LOUISIANA 682,366 171,285 665,115 193,379 169,485
MAINE 2,968,494 240,847 2,898,577 230,271 285,333
MARYLAND 51,260 130,301 48.043 139,307 208, 368
MASSACHUSETTS 2,029 1,550 1,844 1,122 1,768
MICHIGAN 444, 126.812 442,787 118,660 128,407
MINNESOTA 221,971 22,072 86,793 18,867 18,999
MISSISSIPPI 444,286 196,729 438,837 214,068 237.840
MISSOURI 73,354 74,347 68,437 78,203 76,021
MONTANA 474,496 79,258 442,136 80,429 91,348
NEBRASKA 74,769 10,993 73,289 24,133 21,778
NEVADA 388,393 21,013 388,393 214,099 23,891
NEW. HAMPSHIRE 16,477 7,661 15,456 7.014 12,366
NEW JERSEY 18,369 85,735 16,399 74,729 119/894
NEW MEXICO 785,355 87,686 750,487 100,889 130,567,
NEW YORK 280,614 86,622 276,170 91,295 135,746
NORTH CAROLINA 153,962 227,102 142,639 277, 106 313,989
NORTH DAKOTA 27,839 5,461 25,579 8,025 8,201
OHIO 185,935 166,228 184.672 161,591 164,931
OKLAHOMA 56,306 23,090. 56,306 27,745 27,999
OREGON 644,143 190,995 609,833 204,680 261,558
PENNSYLVANIA 91,769 103,554 91,298 109,765 143,583
PUERTO RICO 839 696 839 938 945
RHODE ISLAND 17 600 17 600 606
SOUTH CAROLINA 198,852 200,570 190,401 196,608 234,170
SOUTH DAKOTA 42,957 15,354 37,938 14,942 12,755
TENNESSEE 83,010 83,249 78,742 74,682 88,382
TEXAS 1,209,677 1,527,943 1,100,677 1,380,664 1,386,872
UTAH 61,013 59,321 60,202 123,629 164,907
VERMONT 86,532 79,091 84,619 83,746 139,784
VIRGINIA 144,284 306,061 127,721 296,478 341,325
WASHINGTON 389,777 215,452 358,206 235,378 275,405
WEST VIRGINIA 166,974 123,666 166,572 96,274 110,408
WISCONSIN 77,890 62,384 78,076 60,866 66.880
WYOMING 210,983 48,980 159,743 43,444 46,393
TOTAL 15,102, 132 10/847, 248 14,281,024 11,046, 162 12,593,270

A/ 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
3/ REPORTED CURRENT VALUE ADJUSTED TO JANUARY 1,

HOLDINGS ACQUIRED IN 1994 IS UNADJUSTED.

13

1, 1979.

1995. REPORTED CURRENT VALUE FOR


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 24 percent
of the acres, while foreign owners directly operate 48 percent
and managers 8 percent; No responses on tenure were received for
the remaining 20 percent of the acres.

Rental agreements were |reported for 4,540 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
48 percent of the acres (table 17). Reports for 32 percent of
the parcels containing | 29 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 0.3 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 23 percent of the acres.

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

DECEMBER 31, 1995
(NUMBER )
TENURE PARCELS ACRES
|
CURRENT:
FOREIGN OWNER 4,067 7,219,139
MANAGER 1,378 1, 182,026
TENANT 5,169 3,606,438
NO REPORT 3,147 3,082,423
COMBINATION 15 12,011
TOTAL 13,776 15,102,037
RENTAL:
cROP 1,232 521,480
CASH 3,238 2,574,760
BOTH 70 52,860
NO REPORT 5,163 4,732,573
NOT APPLICABLE 4,073 7,220,364
TOTAL 13,776 15, 102,037
INTENDED CHANGE: '
NONE . 6,228 7,294,703
New 4,419 4,320,266
BOTH 87 50,239
NO REPOR 3,072 3,436,829
TOTAL 13.776 15,102,037

26



another company owns .266,023 acres, a third company owns 913,963
acres, and the fourth |company, accounting for 727,207 acres, is a
U.S. corporation with |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, 1,209,677 acres, but that
represents only 0.8 percent. of the privately owned agricultural
land in Texas.

Characteristics of Foreign Owners

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

Corporations own 55 percent of the parcels and 72 percent of the
acreage; individuals, |28 percent of the parcels and 6 percent of
the acreage; partnerships, 14 percent of the parcels and 20
percent of the acreage; and all others, 3 percent of the.parcels
and 2 percent of the acreage. When partial interests are taken
into account, foreign-owned acreage drops from 15.1 million acres
to 13.8 million, but distribution among the types of owners
remains relatively the same.

Corporate-held parcels average 1,431 acres, or 3,385 acres per
holder, while individual-hela parcels average 237 acres, or 300
acres per holder. Partnership holdings average 1,541 acres per
parcel, or 2,585 acres per holder, and all other holdings average
794 acres per parcel, jor 1,371 acres per holder.

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

DECEMBER 31, 1995
(NUMBER )
PARCELS WITH | ACREAGE
OWNER OWNERS PARCELS ACRES PARTIAL
INTERESTS ‘1/ | EQUIVALENT 2/

INDIVIDUAL 2,996 3,789 899,839 275 811,828
CORPORATION 3,212 7,897 10,872,943 376 9,768,162
PARTNERSHIP 1,142 1,916 2,952,248 208 2,845,344
ESTATE 8 14 981 1 967.
TRUST 234 404 241,732 8 240,479
INSTITUTION 3 3 1,075 1 1,015
ASSOCIATION 3 4 9,561 2 7,769
OTHER 27 53 123,753 ° 123,753

TOTAL 7,625 13,777 15,102,037 871 13,799,317

41/ | 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 36 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 28
percent.

Individuals own 17 percent of the parcels but less than 2 percent
of the acres (table 14). Corporations reported holding 66
percent of the parcels, representing 74 percent of the acreage.
The remaining 17 percent of the parcels and 24 percent of the
acres are held by partnerships, estates, trusts, and others.

When partial interests are taken into account, the acreage
equivalent is 1,023,591 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 33 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, who purchased
parcels with 1,000 acres or more, own 67 percent of..the parcels
covering 98 percent of these lands.

Intended Use

Concern has been expressed about farmland purchased and converted
to uses other than 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 GF FOREIGN OWNERS BY STATE,
DECENSER 31, 1995

(NUMBER }

STATE : STATE

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

TERRITORY TERRITORY .
ALABAMA 356 287, 335|MISSOURI 4 3,264
ARIZONA 1 13]MONTANA 10 1,033
ARKANSAS. 15 2,194|NEW HAMPSHIRE ‘ 22 13,540
CALIFORNIA 28 232,/972|NEW JERSEY 2 262
coLoRapo - 7 3,146|NEW MEXICO 3 9,450
CONNECTICUT 3 116]NEW YORK 148 227,976
FLORIDA 60 81,748|NORTH CAROLINA 47 32,104
GEORGIA 489 352,387] OHIO 43 8,144
HAWAIT 2 289] OKLAHOMA 1 66
IDAHO 2 156 | OREGON 59 459,340
ILLINOIS 22 3,143] PENNSYLVANIA 142 43,248
INDIANA 8 998] SOUTH CAROLINA 109 126,937
KANSAS 1 20| TENNESSEE 36 34,777
KENTUCKY 69 46 ,376| TEXAS 37 50,301
LOUISIANA 50 522,708 |UTAH 1 19
MAINE 164 2,924, 392| VERMONT 201 57.814
MARYLAND 4 364| VIRGINIA 206 53,398
MASSACHUSETTS 7 1,589 | WASHINGTON 148 297,071
MICHIGAN 38 420,267|WEST VIRGINIA 156 141,552
MINNESOTA 70 192 ,682| WISCONSIN 14 55,511
MISSISSIPPI 88 253,250

. TOTAL 2,850 6,911,943

23


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

DECEMBER 31, 1995
(ACRES)
county cropuany “| pasture | Forest orwer —oruen won- | tora
AGRICULTURE | AGRICULTURE
ARGENTINA 7.991 788 184 162 12,578
AUSTRALIA 786 1,001 2,867 294 6! 106
AUSTRIA 2.561 18.125 702 300 29,936
BAHAMAS 14.588 71749 2,384 625 36,325
BAHRAIN ° ° ° a 313
BELGIUM 53,457 2.041 1,620 876 65,586
BELIZE 235 232 $5 2 549
BERMUDA 17,122 47.227 1,701 1,455 73,835 :
BOLIVIA ° ° 1 ° 44
BRAZIL 8,528 138 43t 12 10,336
BRITISH VIRGIN ISLANDS 415, 134 351 3,036 471 124,062
CANADA . 175.438 1,160,890 = 39,273 24,475 1,871,344
CAYMAN: ISLANDS 24,678 21991 1,939 405 39.028
CHILI aay 556 544 1 2.055
CHINA 218 27 168 38 924
COLOMBIA 8,900 37 316 18 14,444
COSTA RICA 4,150 120 167 ~2,393 13,895
CROATIA ° 10 ° 85 1,023
CUBA ° 3 42 4 58
€ZECH REPUBLIC 153 ° 27 ° 347
DENMARK 333 6.392 118 486 12,948
DOMINICAN REPUBLIC ° ° 1 120 2.108
ECUADOR 92 ° 666 6 e7t
EGYPT 922 384 321 48 2,076
EL SALVADOR ° 50 ° ag 128
FRANCE 82.673 10,881 7,718 3.234 128,663
GAMBIA 294 ° 294
GERMANY 148,463 217,449 52,756 15.253 783,530
GREECE 5B, 765 174 85 106 60,491
GUATEMALA 212 3630+ 35 79 4,102
GUYANA ° ° 35 ° 35
HONDURAS 32 5 60 54 1,018
HONG KONG 2.723 4.269 4,031 107 15.061
HUNGARY ° ° 103 ° 103
INDIA 84 840 427 40 1,754
INDONESIA 295 6 398 1 1.392
IRAN 552 s2t 99 108 2.343
IRELAND 6.583 20 24 2.376 10.480
TSRAEL 349 217 129 1" 951
ITALY 23,735 6.284 8,490 13,512 81,477
IVORY COAST ° 80 39 ° 119
YAMAICA 291 ° 273 3 567
JAPAN 148,477 2.753 16,192 5.688 199, 980
YORDAN 855 273 128 2 1,580
KAMPUCHEA ° ° ° a 31
KOREA (SOUTH) 78 363 1,006 8 1,570
KUWAIT 18,984 323 67 13 20,188
LAOS 16 10 5 ° at
LEBANON 3.880 1,832 1,747 963 12,663
LIBERIA 231611 4298 1, 150 860 30,981
LIECHTENSTEIN 36.235 17,243 6.842 4.700 133,276
LUXEMBOURG 489 180 ° 302 3.109
MALAYSIA 6.211 ° ° 2 7.948
MEXICO 144,920 2,903 3,301 5.871 179,276
Morocco 83 7 482 30 1.035
NAMIBIA ° 8 ° 4 197
NETHERLANDS 35,163 12,201 16,417 7.697 112, 104
NETHERLANDS ANTILLES +169 48.265 58,286 19,509 355,382
NEW ZEALAND 13,450 224 7 95 14,018
NICARAGUA 970 248 60 100 1.378
NORWAY 667 154 225 92 4,913
126 126 43 39 asa
PAKISTAN ° 14 ° 33 982
PANAMA 48,060 18,149 15,475 15,869. 121,629
PERU 13 16 87 55 30!
PHILIPPINES 830 425 987 322 3.816
POLAND 25 50 ° ° 147
PORTUGAL 592 200 832 17 4146
RUSSIA 106 201 55 269 174
ST VINCENT 1,230 1,042 10 60 2.637
SAUDI ARABIA 7.424 2.537 9,200 3.287 31,956
SENEGAL ° ° ° ° 10
SINGAPORE 468 ° 34 2 504
‘SOMALIA ° "1 ° ° 4
SOUTH AFRICA 1,616 50 385 ° 2,673
SPAIN 2.258 1,105 397 320 4,883
SWEDEN 2.470 7.452 40,740 788 54,880
SWITZERLAND 101,221 24,932 13,921 41,192 286,005
SYRIA 801 139 229 72 2.689
TAIWAN 1.a4t 1,062 465 1,033 7.899
TANZANIA 35 ° 170 4,938 10.143
THATLAND 140 948 150 28 1,835
TRINIDAD & TOBAGO 30 35 ° 5 94
TURKEY 38 ° ° ° 38
TURKS ISLANDS 391 267 4172 72 9.292
UNITED ARAB EMIRATES 550 860 1,991 3 4.149
UNITED KINGDOM 202,037 1,482.626 17,098 5.352 1,798,722
URUGUAY 7.916 480 ° 581 10,807
VENEZUELA 3,905 2.852 2.692 +535 22,339
VIETNAM ° 152 ° ° 152
ZINBABWE. | 30 67 ° 2 230
| Continued--

20



35.

36.

37.

38.

39.

40.

Dispositions of U.S. agricultural land by foreign
owners, by citizenship of purchasers, January 1-
December 31, 1995 . . «© © «© © ee © © © ee we ee

Dispositions of U.S. agricultural land by type of
foreign owner, January 1-December 31, 1995... . .

Dispositions of foreign-owned U.S. agricultural land
size of disposition, January 1-December 31, 1995 . .

Dispositions of U.S. agricultural land by country of
foreign owner, January 1-December 31, 1995 .....-

Dispositions of U.S. agricultural land by country of
foreign owner, by U.S. region, January 1-
December 31, 1995 . . 2. 2 © © © © © © ee ee ee

Dispositions of U.S. agricultural land by country of
foreign owner, by use, January 1-December 31, 1995 .

Acquisitions and dispositions of foreign-
owned U.S. agricultural land, by date,
January 1981-December 1995 . . . . 2 2 2 se ee ee

by

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, 1995 ........
|

U.S. agricultural land acquisitions by type of foreign
owner, January 1+December 31, 1995 ........4.-.

Foreign owners of U.S. agricultural land acquisitions
by State, January 1-December 31, 1995 .... «ee

Foreign-owned U.S. agricultural land acquisitions by
size of acquisition, January 1-December 31, 1995...

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

foreign owner, January 1-December 31, 1995 .......

U.S. agricultural land acquisitions by country of
foreign owner, January 1-December 31, 1995 ......

Foreign ownership of U.S. agricultural land acquisi-
tions by U.S. region, January 1-December 31, 1995 ..

Foreign-owned U.S. agricultural land acquisitions by
type of interest} method of acquisition, and owner-
representative, January 1-December 31, 1995 .....

Use of U.S. agricultural land acquisitions by country
of foreign owner} January 1-December 31, 1995 ....

U.S. forest and other nonagricultural land acqui-
sitions of foreign owners by State, January 1-
December 31, 1995 . 2. 2. 2 «© © © © © © © © ee ew ee

U.S. forest and other nonagricultural land acqui-
sitions by country of foreign owner, January 1-
December 31, 1995 . . . 2. 2 2 2 ee we we we ew ew we ee

U.S. forest and other nonagricultural land acqui-
sitions by type of foreign owner, January 1-
December 31, 1995 2. 2. 2 6 2 6 © ee ee ee we ee ww

Foreign acquisitions of U.S. forest and other
nonagricultural lana by size of acquisition,
January 1- December 31, 1995 2. 6. 2 2 ew we ew ew ew

Intended use of U.S. agricultural land acquisitions of
foreign owners, January 1-December 31, 1995'.....

Tenure of foreign-owned U.S. agricultural land
acquisitions, January 1-December 31, 1995 ......

Dispositions of U.S. agricultural land by type of
foreign owners, by State, January 1-December 31, 1995

iv

27

28

29

29

30

31

32

33

34

35

35

36

36

37

37

38



Size of Holding. Individuals tend to own smaller acreages than
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 vegetable farms. The different unit sizes due to differences
in use may also explain part of the acreage differences in
foreign-held land among the States.

TABLE 3--FOREIGN OWNERS OF U.S. AGRICULTURAL LANDHOLDINGS
BY STATE, DECEMBER 31, 1995

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

ALABAMA 24 4B1 4q7 299,098
ALASKA 1 75 ° °
ARIZONA 27 11,785 180 326.868
ARKANSAS 58 30,456 144 125,235
CALIFORNIA ant 65,785 977 888.267
COLORADO 144 107,995 262 570,178
CONNECTICUT 3 108 “43 773
DELAWARE 4 926 9 4,952
FLORIDA 422 28,872 872 591,687
GEORGIA 158 55,016 840 503,937
HAWAIT 22 2,055 7 178,003
IDAHO 4 6.611 38 16,013
ILLINOTS 49 10, 103 490 199,446
INDIANA 43 5.944 153 88,454
IOWA 68 15,614 75 17,494
KANSAS 39 10.162 92 59,328.
KENTUCKY 48 8.140 253 143,011
LOUISIANA 16 8.616 136 673,750
MAINE 27 16,697 158 2,951,737
MARYLAND 50 9,422 134 41,838
MASSACHUSETTS 2 252 8 1,777
MICHIGAN 58 8,125 84 436.114 1
MINNESOTA 20 6,723 135 215,248
MISSISSIPPI 6 1.470 278 442,816
MISSOURI 45 16.901 105 56.453
MONTANA 64 43,986 105 430,510
NEBRASKA 9 2,800 34 71,969
NEVADA 2 693 26 387,700
NEW HAMPSHIRE 10 1,549 23 14,928
NEW JERSEY 9 1,206 46 17,163
NEW MEXICO 52 11,340 93 774,015
NEW YORK 259 50.804 165 229,810
NORTH CAROLINA 40 6.726 170. 147,236
NORTH DAKOTA 44 12.056 at 15,783
OHIO 62 13,120 224
OKLAHOMA 11 7,280 74
OREGON 48 11,197 _ 120
PENNSYLVANIA 27 2,104 276
PUERTO RICO 4 579 6
RHODE ISLAND ° ° 1
SOUTH CAROLINA 58 13,158 183
SOUTH DAKOTA 40 11,644 33
TENNESSEE 76 17,600 89
TEXAS. 682 159,925 1,126
UTAH 7 1,234 31
VERMONT 344 27.468 176
VIRGINIA 118 18.571 404
WASHINGTON 181 17,558 363
WEST VIRGINIA 14 2,077 177 164,897
WISCONSIN 67 141,223 ~ 53 66,667
WYOMING 10 25,512 . 48

TOTAL 3,788 899,744 9,988 14,202,293



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

Foreign ownership of U.S. agricultural land has remained rela-
tively steady from 1981 through 1995, slightly above or below 1
percent of the privately owned agricultural land in the United

States.

Data gathering and analysis cost the U.S. Department of Agri-
culture approximately $567,000 for 1995.

vii


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

DECEMRER 31, 1995--CONIINUED
(NUMBER)

COUNTRY OWNERS PARCELS ACRES
MULTIPLE 54 7 54,843
THIRD TIER 15 21 54,872

SUBTOTAL 1/ 5.563 7,846 6.644, 252
US/ANDORRA 1 1 3.744
US/ARGENTINA 5 8 4.056
US/AUSTRALIA 7 9 5.030
US/AUSTRIA 16 24 26,198
US/BAHAMAS 18 43 61,500
US/BARBADOS 1 1 44
US/BELGIUM 29 114 88,553
US/BERMUDA 14 63 37.571
US/BRAZIL 6 54 14,396
US/BRITISH VIRGIN

ISLANDS, 14 36 424,704
‘US/CANADA 245 952 1,799,034
US/GAYMAN TSLANDS 14 28 52536
US/CHILE 2 4 9,948
US/CHINA a 8 4131154
US/COLOMBIA 9 13 14,435
US/COSTA RICA 1 1 407
US/OENMARK 9 16 8,228
US/DOMINICAN REPUBLIC 4 1 589
US/ECUADOR 3 3 1,632
US/EGYPT 6 20 4,264
US/EL SALVADOR 4 6 607
US/FINLAND 3 6 2,419
US/FRANCE 412 435 1,100,081
US/GERMANY as 235 989 872,745
US/GREECE 3 4 5.249
US/GUATEMALA 2 3 442
US/GUYANA 1 2 334
US/HONDURAS 1 1 \ 37
US/HONG KONG 19 25 131,139
US/INDONESIA 3 5 64a
US/IRAN 5 6 1.861
US/IRAQ 1 1 800
US/IRELAND 2 10 1,942
US/TSRAEL 2 3 ata
US/ITALY 20 25 23,547
US/UAPAN 197 317 290.936
US/JORDAN 3 3 434
US/KENYA 1 1 32
US/KOREA: (SOUTH) 2 2 85
US/KUWATT 7 13 8,330
US/LEBANON 4 5 att
US/LIBERIA 12 15 24,064
US/LIBYAN ARAB REPUBLIC 2 3 280
US/LIECHTENSTEIN 55 88 101,202
US/LUXEMBOURG 23 34 2341551
US/MALAYSIA 1 1 300
US/MALTA 1 1 500
US/MEXICO a9 102 254,395
US/NETHERLANDS 97 339 384,297
US/NETHERLANDS ANTILLES 105 144 210.572
US/NEW HEBRIDES 1 1 863
US/NEW ZEALAND a 4 50,455
US/NICARAGUA 1 2 282
US/NORWAY 6 10 9,709
US/PAKISTAN 1 1 423
US/PANAMA 63 108 151,088
US/PARAGUAY 1 1 236
US/PERU 3 5 1,696
US/PHILIPPINES 10 4 7.881
US/PORTUGAL 2 2 11683
US/QATAR 1 1 219
US/SAUDI ARABIA 10 26 10,711
US/SINGAPORE 1 1 73
US/SOUTH AFRICA 3 4 2.733
US/SPAIN 15 32 7.846
US/SWEDEN 8 ay 4,094
US/SWITZERLAND 200 431 931,355
US/TAIWAN 52 72 45.029
US/THATLAND 1 3 252
US/TRINIDAD & TOBAGO 1 1 “20
US/TURKEY 1 2 aa3
US/UNITED ARAB EMIRATES 3 18 4,543
US/UNITED KINGDOM 207 899 1,044,245
US/URUGUAY 3 3 695
US/VENEZUELA 33 87 40, 182
US/MULTIPLE 40 84 178,776
US/THIRD TIER 15 147 342.754

SUBTOTAL 2/ 2,062 5.931 8.457.880
TOTAL ALL

LANDHOLDINGS 7.625 13,777 15,102. 037

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

2/ TOTAL INTERESTS OF U.S.

15

CORPORATIONS WITH FOREIGN SHAREHOLDERS.


USDA pnited States |
=—== Department of
connec

Agriculture

RS

Statistical
Bulletin
Number 931

8

a ae
ia ie
Ne LDR Foi i
ne ‘a
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nat, ine
cae if SSURSTTRTTNTTETT PR
Toe oe a meeencsonea i) apne :

An Economic Research Service Report

Foreign Ownership of U.S.
Agricultural Land Through
December 31, 1995

Kenneth S. Krupa
Charles H. Barnard
Jacqueline S. Ross



percent of the acres, jindicated 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 30 percent of the
parcels accounting for 31 percent of the acres.

Dispositions, Land-Use Changes, and Changes in Status

Data in this section dre derived from reports filed by foreign
investors who disposed of 394 parcels of U.S. agricultural land
covering 193,241 acres between January 1 and December 31, 1995.
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 4 parcels covering 4,216 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 California, Colorado, and Arkansas, accounting for 56
percent of the dispositions acreage (table 33).

TABLE 39--DISPOSITIONS OF U.S. AGRICULTURAL LAND BY TYPE OF FOREIGN OWNERS,
8

STATE, JANUARY 1 ~ DECEMBER 31, 1995
| (NUMBER)
r
INDIVIDUAL ORGANIZATION TOTAL,
STATE i
AND U.S.
Tener TORY parcets| | acres PARCELS acres PARCELS acres
REPORTED REPORTED REPORTED

i
ALABAMA ° ° 8 11,286 8 14,286
ARIZONA ° ° 2 366 2 366
ARKANSAS, ° ° 8 24,445 8 24,445,
CALIFORNIA 1 amt at 53,662 82 54.033
coLoraoo 2 1,447 24 27.873 23 29,020
FLORTOA 6 18 a 11166 14 1241
GEORGIA 6 1,278 17 7,280 23 8.868
TLUINOTS 1 33 28 3,988 26 4,021
INOTANA ° ° 16 2.003 16 2,003
KANSAS. ° ° 4 536 4 536
KENTUCKY 1 5 6 805 7 ato
LOUISTANA 1 555 " 11,395 12 11,950
MAINE ° ° 5 B62 5 ‘B62
MARYLAND 2 392 2 10 4 402
MICHIGAN ° ° 24, 154 24 154
MINNESOTA ° ° 2 92 2 92
MISSISSIPPT 1 28 7 2,183 a 2,271
MISSOURT ° ° t 845 ' B45
MONTANA’ 1 160 2 2.540 3 2,700
NEBRASKA ° ° 5 1,188 5 11188
NEW HAMPSHIRE ° ° 1 36 1 36
NEW YORK 1 122 2 4 a (493,
NORTH CAROLINA ° ° 6 1,964 6 1.364
NORTH DAKOTA ° ° 1 1 1 1
oM10 2 ats 7 247 ry 662
OKLAHOMA ° ° 8 10,273 a 10,273
‘OREGON ° ° 3 a1 a at
PENNSYLVANIA ° ° n 216 " 216
SOUTH CAROLINA 1 24 2 1,392 3 1,413
TENNESSEE ° ° 4 62 4 62
TEXAS, a 516 9 15,669 13 16, 185
UTAH ° ° 3 44 3 4a
VERMONT 4 224 ° ° 4 224
VIRGINIA ° ° 10 802 10 802
WASHINGTON 2 89 6 648 a 738
WEST VIRGINIA ° ° 18 397 18 387
WISCONSIN 2 48 2 731 4 179
WYOMING ° ° 7 3,038 7 3,038
TOTAL 38 5.839 956 187,402 ge 103,241

if
| 38



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

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

Definitions

For this report, the term "holdings" applies to all U.S. agricul-
tural land owned by foreign persons as of December 31, 1995. For
transactions that occurred in 1995, 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 subsequent] sections, which analyze the reported data.

"Agricultural land" is defined in .the act as all land used for
agricultural, forestry, or timber production. The regulations
further define agricultural land as all land used for farming,
ranching, 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 not a
citizen of the Northern Mariana Islands or the Trust Territory of



Foreign Ownership Of U.S. Agricultural
Land Through December 31, 1995

Kenneth S. Krupa, Charles H. Barnard, and Jacqueline S. Ross*

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

Introduction

Foreign individuals and entities reported owning 15.1 million
acres of U.S. agricultural land as of December 31, 1995.. This is
slightly more than 1 percent of all privately owned U.S. agricul-
tural land and approximately 0.67 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 thereafter 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 agricul-
tural 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

*Kenneth S. Krupa and Charles H. Barnard are Agricultural
Economists, and Jacqueline S. Ross is a Statistical Assistant,
Natural Resources and Environment Division, Economic Research
Service. Joyce Su provided data processing assistance. John
Jones assisted with graphics. :

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.




TABLE 26--USE OF U.S. AGRICULTURAL LAND ACQUISITIONS BY COUNTRY OF FOREIGN OWNER,
JANUARY 1 °- DECEMBER 31, 1995

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

ARGENTINA 19 ° ° ° 1 14
AUSTRIA 9 ° 26 ° ° 26
BAHAMAS ° ° 199 x) ° 199
BELGIUM 80 ° ° ° ° 80
CANADA 399 152 165 68 31 815
FRANCE 627 1,407 376 16 4 2,430
GERMANY 1,700 455 1,674 ° 38 3,867
INDIA ° 14 ° ° 6 20
INDONESIA 525 ° ° 115 ° 640
JAPAN 109 ° 16 61 "4 197
LEBANON ° ° 59 ° ° 59
MEXICO ° 540 ° ° ° 540
NETHERLANDS ° 591 ° ° 7 598
NETHERLANDS ANTILLES 1 ° 6 °o 7
NEW ZEALAND ° 200 224 ° iz) 424
RUSSIA ° 10 ° ° ° 10
SAUDI ARABIA 380 10 ° ° 18 408
SPAIN ° 956 ° 37 ° 993
SWEDEN ° 236 102 104 ° 439
SWITZERLAND 788 ° ° 892 67 1,747
UNITED ARAB EMIRATES ° ° ° 66 3 69
UNITED KINGDOM 2,796 11,138 8,354 126 ° 22,414
VENEZUELA 307 ° ° ° 6 313
MULTIPLE “ep ° ° oO 5 460

SUBTOTAL 1/ B.177 15,709 11,195 1,488 197 36,766
US/AUSTRIA 2,622 ° ° 425 ° 3,047
US/BAHAMAS, 9 ° ° ° 3 3
US/BRITISH VIRGIN

ISLANDS 2 615 384 ° 1,020
US/CANADA 7,653 16,643 66,791 31 109,345
US/CAYMAN ISLANDS ° ° ° ° 40,008
US/COLOMBIA ° 1,281 ° ° 1,281
Us/EGYPT 474 ° 16 60 550
US/FRANCE 4,999 106 443 295 8,681
US/GERMANY 3,002 4,405 153 498 11,977
US/JAPAN 56B 1,260 954 93 2,894
US/LIECHTENSTEIN 800 _ 600 ° ° 1,837
US/MEXICO 4 . ° 1 ° 12
US/NETHERLANDS 19,895 36,276 ° 18,420 74,591
US/NETHERLANDS ANTILLES 48 ° ° ° 48
US/PAKISTAN 423 ° ° ° 423
US/PHILIPPINES 73 ° 15 ° 88
US/SPAIN 2,156 a7 ° 32 2,235
US/SWITZERLAND 39 ° ° ° 618
US/UNITED ARAB EMIRATES 700 ° 300 100. 1,100
US/UNITED KINGDOM B44 3,153 270 7 4,702
US/URUGUAY 6 ° ° ° 17
US/MULTIPLE mi 5 20 ° 275

SUBTOTAL 2/ 44,878 64,391 69,772 19,539 264,812
TOTAL ALL

LAND ACQUISITIONS 52,755 80, 100 77,727 71,260 19,736 301,578

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

34



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

Foreign persons from Canada and the United Kingdom own 4,594,239
acres, or 61 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 1,106,825 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, 477,618
acres, or 20 percent, followed by Canada, Switzerland, the United
Kingdom, and the Netherlands Antilles, with an additional 36
percent of the acreage. Unidentifiable third-tier parties own 4
percent of the cropland.

Foreign persons from Germany, the United Kingdom, Mexico, and
Canada own 1,794,156 acres, or 45 percent, of pasture land.
Foreign persons from Japan, the British Virgin Islands, the
Netherlands, the Netherlands Antilles, Luxembourg, Switzerland,

and Panama own an eaditional 36 percent, or 1,418,040 acres.

The largest group of owners of other agricultural land are for-
eign persons. from Canada, Germany, and the Netherlands Antilles,
with 34 percent of the acres. They are followed by foreign
persons from the Netherlands, France, Japan, Luxembourg, the
United Kingdom, Switzerland, and Sweden who own 333,171 acres, or
42 percent.

Foreign owners of only, forest. or forest and other nonagricultural
land account for 46 percent of all the foreign-owned U.S.
agricultural land (tables 1 and 12). The remaining 54 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 tracts with forest or forest and
other nonagricultural jland is 2,425 acres (table 12). Except for
Maine (with 42 percent of the acreage, the uniqueness of which
has been noted previously), the forest or forest and other
nonagriculture acres are concentrated in the South and West.
Alabama, Georgia, Louisiana, Mississippi, South Carolina, and
West Virginia account |for 24 percent. California, Oregon, and
Washington account for another 14 percent of the acres reported.
Holdings in Michigan, |Minnesota, and New York accounted for
another 12 percent of |the acres.

22



Transfers by foreign investors to U.S. purchasers accounted for
66 percent of the parcels and 57 percent of the acres (table 34).
Reports for 6 percent of the parcels and 6 percent of the acres
indicated that they were transferred to other known foreign
persons. Reports for 8 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 52 percent of the owners, 77 percent of
the parcels, and 87 percent of the acres (table 35): In com-
parison, individuals and partnerships accounted for 40 percent of
the owners, 20 percent of the parcels, and 11 percent of the
acres.

Size of Disposition. The most acreage disposed of was for
parcels with 1,000 or more acres, accounting for 88 percent of

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

BY CITIZENSHIP OF PURCHASERS, JANUARY 1 - DECEMBER 31, 1995
(NUMBER )
PURCHASER PARCELS ACRES : :
REPORTED

USA 259 109,479 |
FOREIGN 24 121030
UNKNOWN 32 12.744
NO REPORT 78 50,753
COMBINATION 1 8,265

TOTAL 304 193,241

TABLE 35--DISPOSITIONS OF U.S. AGRICULTURAL LAND BY TYPE OF FOREIGN

OWNER, JANUARY 1 - DECEMBER 31, 1995
(NUMBER )
PARCELS WITH
OWNER OWNERS | PARCELS | ACRES PARTIAL ACREAGE
REPORTING] REPORTED INTEREST EQUIVALENT 2/
REPORTED i/
INDIVIDUAL 31 38 5,839 1 5,772
CORPORATION 68 303 168,535 3 168,096
PARTNERSHIP 22 39 14,894 3 14,335
ESTATE 1 1 310 ° 310.
TRUST 6 8 1,165 1 1,009
OTHER 3 5 2,498 ° 2,498
TOTAL 134 394 193,241 8 192,020
1/_ PARCELS WITH PARTIAL INTERESTS ARE THOSE PARCELS WHICH ARE OWNED

ONLY IN

LESS THAN 100 PERCENT.

2/

BY THE PERCENTAGE HELD BY THE FOREIGN OWNER

39

PART BY THE FOREIGN INVESTOR; THAT IS, A PERCENTAGE INTEREST

ACREAGE EQUIVALENT EQUALS THE TOTAL ACREAGE REPORTED MULTIPLIED


TABLE 11--USE OF U.S.

DECEMBER 31.

AGRICULTURAL LANDHOLDINGS BY COUNTRY OF FOREIGN OWNER.
1995--CONTINUED.

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

MULTIPLE 8.116 9.914 6.156 28,160 1,497 54,843
THIRD TIER 3.305 7,553 42.702 1.419 193 54.872

SUBTOTAL 1/ 1,291,252 1,678,233 3,172,537 371,503 190.727 6,644,252
US/ANDORRA 200 3.541 ° ° ° 3.744
US/ARGENTINA 1,919 11464 10 + 492 ata 4,056
US/AUSTRALIA 798 973 1,350 1,052 857 51030
US/AUSTRIA 8,303 12,525 4,591 628 ot 26,198
US/BAHAMAS, 15,622 31,037 4.338 10,951 152 61,500
US/BARBADOS at ° ° ° ° at
US/BELGIUM 18,025 37,822 28,795 1,658 2,253 88,553
US/BERMUDA 1.316 4,279 16.481 7,453 14,042 37.571
US/BRAZIL 10,310 3,197 ° 739 150 14,396
US/BRITISH VIRGIN

TSLANDS, 4,744 129,722 292.257 834 180 424,704
US/CANADA 65,004 162,832 1,443,733 93,758 33,707 1,799,034
US/CAYMAN ISLANDS 8.067 397 42.515 950 607 52,536
US/CHILE 12 9,931 5 ° ° 91948
US/CHINA 316 1,908 4,979 1,198 8,950 3.184
US/COLOMBIA 302 11,082 50 ° 1 41,495
US/COSTA RICA ° 23! 168 ° ° 407
US/OENMARK 609 235 6.434 412 838 8,228
US/OOMINICAN REPUBLIC ° ° 454 ° 135 589
US/ECUADOR 68 1,549 ° ° 14 1,632
US/EGYPT 2.242 1,248 300 237 237 4.264
US/EL_ SALVADOR 52 555 ° ° ° 607
US/F INLAND 193 ° 2.080 ° 146 2.419
US/FRANCE 38,453 12,423 987,539 45,819 15,847 1,100,081
US/GERMANY 158,009 361,844 2801448 17,660 84.784 872.745
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 24, 102 8.345 826 119 WAT 131,139
US/ INDONESIA 351 153 ° 114 26 644
US/IRAN 483 7A7 5 859 67 1,861
US/TRAQ 800 ° ° ° ° 800
US/TRELAND 144 180 4,612 6 ° 1,942
US/ISRAEL 95 ° 187 45 87 ata
US/ITALY 16,090 3.947 1.374 752 1,384 23,547
US/UAPAN 50,432 413,749 82.490 31,093 13.172 290.936
US/JORDAN 75 284 ° 75 ° 434
US/KENYA ° ° 92 ° ° 32
US/KOREA (SOUTH) 10 63 ° ° 12 85
US/KUWATT 486 6.379 772 604 89 8.330
US/LEBANON 50 140 133 67 21 ant
US/LIBERIA 997 18,013 3,966 1,082 6 24,064
US/LIBYAN ARAB REPUBLIC ° ° ° 277 3 280
US/LIECHTENSTEIN 72.535 6.331 9.898 4,063 8.435 101,202
US/LUXEMBOURG 12,783 164,607 3.126 46,261 7,774 234,551
US/MALAYSIA ° ° ° 300 ° 300
US/MALTA 10 ° 30 460 ° 500
US/MEXICO 8,252 226,618 1,095 16.015 2.415 254,395
US/NETHERLANDS 66,759 204.064 26.436 37.500 49,538 384,297
US/NETHERLANDS ANTILLES 50,759 134,221 411,376 8,188 6.028 210,572
US/NEW HEBRIDES 883 ° ° ° 883
US/NEW ZEALAND 2.605 46.589 ° 240 1,021 50,455
US/NICARAGUA a) 242 40 ° ° 282
US/NORWAY 765 30 163 8,038 712 98.709
US/PAKISTAN 423 ° ° ° ° 423
US/PANAMA 43,510 95.245 5.602 5.415 1.316 151,088
US/PARAGUAY ° 236 ° ° 9 236
US/PERU 361 280 105 878 62 1,696
US/PHILIPPINES 5.445 59 1,274 a7 1,056 T1881
US/PORTUGAL 1429 151 ° ° to3 11683
US/OATAR ° ° 219 ° ° 219
US/SAUDI_ARABIA 699 6.695 2.262 113 942 10,741
US/SINGAPORE ° ° ° ° 13 73
US/SOUTH AFRICA 1,445 300 178 66s 144 2.733
US/SPAIN 5.849 958 403 657 73 7.846
US/SWEDEN 2.174 333 169 1:040 381 4,094
US/SWITZERLAND 123,363 46,719 119.004 30,654 11,615 331,355
US/TAIWAN 27.796 5.748 3.079 51558 21847 45,029
US/THATLAND 175 ° ° 7 ° 252
US/TRINIDAD & TOBAGO 20 ° ° ° ° 20
US/TURKEY 350 . 93 ° ° ° 443
US/UNITED ARAB EMIRATES 1,443 2.507 10 301 222 4,843
US/UNITED KINGDOM 110,924 372.004 506.991 28,718 26,208 1,044,245
US/URUGUAY ° 550 102 40 3 695
US/VENEZUELA 34,130 1,774 2.777 393 1,108 40, 182
US/MULTIPLE 10,006 4,422 161,725 1,785 838 = «178,776
US/THIRD TIER 96,465 1,453 238.343 5,181 4,312 © 342,754

SUBTOTAL 2/ 1,202,707 2,266,271 4.298.938 420,278 269,686 8,457,980
TOTAL ALL

LANDHOLDINGS, 2,433,959 3,944,504 7,471,475 791,781 460.413 15,102, 132

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

2/

TOTAL INTERESTS OF U.S.

21

CORPORATIONS WITH FOREIGN SHAREHOLDERS.


summary

Foreign persons reported that they owned 15.1 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, 1995. This is an increase of 899,744 acres from
1994, 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 (AFIDA) of 1978.

Information received at the time of reporting shows that forest
land accounts for nearly 50 percent of all foreign-owned acreage,
cropland for 16 percent, pasture and other agricultural land for
31 percent, and nonagricultural land for 3 percent.

Corporations own 72 percent of the acreage; partnerships, 20
percent; and individuals, 6 percent. The remaining 2 percent is
held by estates, trusts, institutions, associations, and others.

U.S. corporations in which foreign persons have a significant
interest or substantial control reported owning 56 percent of the
foreign-held acreage. | The remaining 44 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 63| 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 15.1 million acres are adjusted
for these partial interests, the total foreign-owned acreage
drops to an equivalent! of 13.8 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 16 percent of Maine’s privately owned agricultural land and
20 percent or one-fifth of all the reported foreign-owned
agricultural land nationwide. Four companies own 91 percent of
the foreign-held acres! in Maine, almost all in forest land. Two
companies are Canadian|, one is French, and the fourth is a U.S.
corporation that is partially canadian owned.

Except for Maine, foreign holdings are concentrated in the West
and South, each containing 34 and 32 percent, respectively, 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 48 percent of the acres,
while some change was reported for 29 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, 1995. 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
reduced by these land |dispositions or status changes.

Table 7 adjusts reported current value by State for the same.
reasons given in the discussion of table 6. Because the reported
current value in table 7 is adjusted by each State's average
annual change in farmland value, the total adjusted current value
will differ from that jof table 6. Simply explained, not all land
values in table 6 would have changed at the national average.
Therefore, the total adjusted current value in table 7 should be
a better measure of value than that of table 6. The total
adjusted current value by State indicates a 14-percent increase
from the reported current value.

Country of Origin. of the 15,102,037 acres of foreign-held
agricultural land reported by foreign persons, 56 percent is held
by U.S. corporations with foreign interests. The remaining 44
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, 3,370,375 acres, or
22 percent. ‘Foreign persons from the United Kingdom (U.K.) and
Germany own 2,842,967 lacres (19 percent) and 1,626,275 acres (11
percent), respectively, an additional 30 percent of the acres.

In excess of 400,000 acres per country are owned by foreign
persons from Switzerland, the Netherlands Antilles, the British
Virgin Islands,. the Netherlands, Japan, Mexico, and France,
representing 24 percent of total acres. Persons from the top 10
(of 91) .countries own ja combined total of 11,392,919 acres, or 76
percent of all reported foreign-owned holdings of U.S.
agricultural land. Approximately 3 percent of the acreage,
397,626 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
2,143,956 acres or 45 |percent of the foreign-held acres in the
South (table 9). Seven percent of the acreage, 349,475 acres, is
owned by unidentifiablle third-tier foreign persons. Another 20
percent, 976,618 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 619,187 acres and three U.S./U.K. corporations that own
26 parcels covering 491,654 acres. Foreign persons from Germany,
Canada, and Japan reported owning 1,444,840 acres or 28 percent.
An additional tee acres, or 22 percent, were reported by

| 12
|
|



The following statements are made in accordance with the Privacy Act of 1974 (5 USC 5524). P.L. 95-460 authorizes collection of the data on this form. The
data will be used to determine the effects of foreign parsons acquiring, transferring and holding agricutural land, and the effects of such activity on family farms
‘and rural communities. Fumishing the data is mandatory. Failure to comply or falsification of reporting is subject to civil penalty, not fo exceed 25 percent of the
fair market value of the interest held in the tract on the date of the assessment of such penalty. The data may be fumished to any Agency responsible for
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 respons,
‘including the time for reviewing instructions, searching existing data sources, gathering and maintaining the data needed, and completing and reviewing the
collection of information. Send comments regarding this burden estimate or any other aspect of this collection of information, including suggestions for reducing
this burden, to Department of Agricutture, Clearance Officer, OIRM, Room 404-W, Washington, D.C. 20250; and to the Office of Management and Budget,
Paperwork Reduction Project (OMB No. 0560-0097), Washington, D.C. 20503. RETURN COMPLETED FORMS TO YOUR ASCS COUNTY OFFICE.

DETERMINATION OF "FOREIGN PERSON" STATUS

DEFINITION: “Person” means any individual , corporation, company, association, firm, partnership, society, joint stock company, trust, estate, or any other
legal entity.

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

Statements numbered 1, 2, and 3 below.

1. 1 AM a citizen of the United States.

2. 1 AM a citizen of the Northem Mariana Islands or the Trust Territories of the Pacific Islands.

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

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

statements numbered 4a, 4b, and 5 below. yes | No

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

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

5. 1 AM a foreign government.

GENERAL INSTRUCTIONS

‘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 onde: DO NOT SEND THIS FORM DIBEGTLY 10 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 & 0} Reporting Date: This document is required to be
completed and returned by August 1, 1979.

If the tract of land to be listed under item 2 on the front side of this document was, on or after February 2, 1979:
-Acquired, check * (2%... OD

-Disposed of, check Ws Reporting Date:
-Changed from non-agricultural to agricultural use, check” YeaycaneeTM If any of these activities are checked
-Changed from agricultural to non-agricultural, use check « tandusecuets fy] in Item 1. return the completed
mon Agricuture ASCS-153 within ninety (90) days
ITEM8. The date entered would be as follows for the activity checked from the date of the transaction.
in Item |:

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)

1 Significant interest or substantial control as defined in 7 CFR 781 21k).
This program or activity wil be conducted on a nonaiscriminatory basis without regard to race, color, religion, national ongin. age. Sex. mantal status, or handicap.

49 U.S. GOVERNMENT PRINTING OFFICE: 1996-417-113/40015


TABLE 20--FOREIGN OWNERS OF U.S. AGRICULTURAL LAND ACQUISITIONS BY STATE,
UANUARY 1 - DECEMBER 31, 1995

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

ALABAMA ° ° 8 781
ARIZONA ° °. 7 1,010
ARKANSAS. ° ° 3 11410
CALIFORNIA ° ° 19 79,240
COLORADO 1 200 17 18,929
CONNECTICUT 1 59 ° °
FLORIDA 3 97 6 1,573
GEORGIA 3 938 14 3,446
HAWAII ° ° 5 87
IDAHO ° ° 1 30
ILLINOIS ° ° 21 6,063
INDIANA 3 303 9 1,894
TOWA ° ° 4 200
KANSAS 1 300 2 418
KENTUCKY ° ° 1 926
LOUISIANA ° ° 10 1,952
MAINE ° ° - 2 "243
MARYLAND ° ° 1 415
MICHIGAN 1 60 ° °
MINNESOTA ° ° 5 428
MISSISSIPPI 1 357 7 3,313
MISSOURI 1 196 1 a)
MONTANA 1 156 2 352
NEVADA ° ° 3 102,640
NEW MEXICO 1 80 1 1
NEW YORK ° ° 1 4,500
NORTH CAROLINA ° ° 8 1,871
OHIO 1 150 6 322
OKLAHOMA 1 10 4 2,815
OREGON 3 1,364 2 158
PENNSYLVANIA ° ° 4 176
SOUTH CAROLINA 5 500 4 1,156
TENNESSEE ° ° 1. 28
TEXAS 10 1,966 15 54,581
UTAH ° ° 2 449
VERMONT 3 147 4 333
VIRGINIA 2 52 10 378
WASHINGTON 4 155 12 1,218
WEST VIRGINIA ° ° 4 244
WISCONSIN ° ° 1 327
WYOMING ° ° 1 “39

TOTAL a6 7,690 238 293,888

TABLE 21--FOREIGN-OWNED U.S.

BY SIZE OF ACQUISITION, JANUARY 1 - DECEMBER 31, 1995

AGRICULTURAL LAND ACQUISITIONS

SIZE OWNERS PARCELS ACRES, VALUE
(acRES) REPORTING REPORTED (NUMBER) (1,000
(NUMBER ) (NUMBER) DOLLARS) 1/
LESS THAN 20 23 24 216 6,488
20-59 22 23 834 8.571
60-99 24 27 1,594 5,599
100-299 26 40 4,585 13,736
300-999 39 a3 20,818 24,819
1000 OR MORE 21 87 273,531 148,005
TOTAL 152 284 301,578 207,218
4/ VALUE IS PURCHASE PRICE OR NONPURCHASE PRICE (ESTIMATED VALUE).

29



Purchase Price and Value of Acquisitions. Corporations accounted
for 43 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 corporations, $371; followed by individuals,
$1,063; others $1, 872; trusts, $2,104; and partnerships, $3,117.

Equity is frequently used to measure net foreign investment
transfer. To approximate equity, debt was subtracted from
current value for alll reports that provided information on debt
and current value. The 152 reports providing information on debt
($6,556,000) and current value ($207,880,000) resulted in an
equity figure of $201,324,000 (table 22). These figures reveal
an equity figure of 97 percent in relation to current value.

Country of Origin. U.S. corporations with foreign interests
acquired 88 percent of the acreage. Foreign persons not
affiliated with a U.S. corporation acquired the remaining 12
percent (table 23). U.S./Canada corporations acquired 109,345
acres, 36 percent of the total.

Ninety-five percent of the acres acquired during 1995 were in the
South and West, where! foreign entities from the Cayman Islands
and Canada accounted for most of the acquisitions (table 24). In
the Midwest, U.S./Germany corporations acquired 44 percent of the
acres. In the Northeast, persons from the United Kingdom
acquired 78 percent of the acres.

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

OF FOREIGN OWNER, JANUARY 1 - DECEMBER 31, 1995
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 41 7,631 7,928 59 250
CORPORATION 83 229/491 74.642 10,076 14,195"
PARTNERSHIP 12 5,116 17,886 1,338 2,230
TRUST 8 1,526 3,425 583 1,013
OTHER . 8 2,325 3,080 43,433 82,569
TOTAL 152 246,089 106,961 55,489 100, 257
adres acres
WITH CURRENT WITH EQUITY
CURRENT VALUE 2/ EQUITY (4,000
VALUE (1,000 REPORTED DOLLARS)
REPORTED DOLLARS) (NUMBER )
(NUMBER)
i
INDIVIDUAL 7,690 8,178 7,690 7.016
CORPORATION 239,567 89,446 239,567 84, 196
PARTNERSHIP 6.454 20, 169 6.454 20,025
TRUST 2,109 4,438 2,109 4,438
OTHER 45,758 85,649 45,758 85,649
TOTAL 301,578 207,880 301,578 201,324

|
4/ 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.
= DECEMBER 1995--CONTINUED

UANUARY 1981

AGRICULTURAL LAND, BY DATE

ACQUISITIONS DISPOSITIONS
DATE
PARCELS ACRES VALUE PARCELS ACRES VALUE
REPORTED (NUMBER) (4,000 REPORTED (NUMBER) (4,000
(NUMBER) DOLLARS) 1/ (NUMBER) DOLLARS) 1/
1986
JANUARY 47 13,960 63,237 28 5.090 10,003
FEBRUARY 27 9,901 7,095 18 1,295 2,415
MARCH 44 36,251 81.541 17 13,060 10,505
APRIL 87 25.778 195,759 23 5.598 6,195
MAY 99 1,605,263 131,784 88 1,641,830 22,107
JUNE 36 96,737 48,998 37 17,975 4,198
yULY 36 26,955 99,219 24 191614 23,558
AUGUST 33 16,351 22,053 34 + 8,395 15,539
SEPTEMBER 34 361048 58,043 26 3.757 10,088
OCTOBER 197 240,541 62,826 37 19,201 8,887
NOVEMBER 48 15,744 18,399 34 11,615 6,831
DECEMBER 130 53,509 105.569 ” 58,781 50,293
TOTAL 748 2,177,038 737,857 440 1,806,151 170,559
1987
UANUARY 26 9,508 20,307 25 6,006 8,290
FEBRUARY 32 14,316 99,974 29 6,393 6,821
MARCH 87 199,269 52.899 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 et 227,011 25,552
vULY 44 28,408 36,453 35 30,206 14,904
AUGUST 45 26,880 26,702 36 7,826 36,191
SEPTEMBER 39 17,846 31,656 44 6.594 13,257
OCTOBER 69 24/558 58,315 39 5.349 8,730
NOVEMBER 50 140,936 29,998 44 15,080 16.914
DECEMBER 103 98,883 67,274 160 38,837 521607
TOTAL 614 817,944 473,130 621 415,229 252,724
1988
UANUARY 14 65,295 72,109 53 26,278 22,693
FEBRUARY. 49 31,563 24,748 52 60,267 46,828
MARCH 86 37,543 93,737 102 57,912 49,991
APRIL 45 35,692 29,478 63 266,203 80,047
MAY 49 71,839 54.241 59 34,967 13,023
JUNE 97 149,084 92,292 70 22,980 11,387
JULY 85 33,996 78,419 58 13,678 28,746
AUGUST 87 349,835 59,114 67 313,175 73.320
SEPTEMBER 43 17,067 97,658 52 10,579 9,268
OCTOBER 85 2371661 128,205 501 248,180
NOVEMBER 87 59,442 38/632 46 194/829
DECEMBER 4 269,702 235,027 105 334,779 61,483
TOTAL 780 1,958,719 1,003,660 1,228 1,589,227 528,082
1989
UANUARY 67 50,056 81,848 a7 2.172 19,651
FEBRUARY at 27,028 94.540 28 6.564 7,300
MARCH 76 195,615 97,213 50 1,694 22,845
APRIL at 2evitt 40,267 29 20,861 17,399
MAY 63 29,832 128,076 39 61h 25,700
UUNE 56 66,307 55,150 46 17,031 7,178
JULY 44 18,104 39,935 2t 12,187 11,971
AUGUST 59 95,753 68,283 59 68,952 27,274
SEPTEMBER 89 299,453 134,236 43 5,597
OCTOBER . 47 42.144 57,486 26 1,903
NOVEMBER 83 519,253 95,329 25 5.769
DECEMBER 116 423,430 227,713 47 44,162
MULTIPLE 1 ‘36 63 ° °
TOTAL 17 1,732,119 1,120,139 460 243,003 181,732
1990
‘UANUARY 66 39,256 70,237 37 9,776 6,660
FEBRUARY 48 80,727 41,525 30 11,744 10,312
MARCH 53 143,083 92,572 35 107,807 71,017
APRIL 83 87,668 22,039 40 10,375 14,665
May 86 20,833 94,251 46 26,220 50,245
UNE 60 27,465 60,992 36 7.652 18,570
vULY 119 294,017 110,423 32 51561 21,988
AUGUST 69 16,161 25,145 35 5.943 9,938
SEPTEMBER 90 627,889 70,373 34 12,473 6,893
OCTOBER 68 81,829 119,406 60 137,048 54,621
NOVEMBER 50 92.874 48,876 39 6,403 15,907
DECEMBER 194 159,996 87,173 51 25.850 27,927
MULTIPLE 2 454 20,728 ° °
TOTAL 928 1,876,222 863,740 475 366,852 304,543
Continted--

45


foreign persons from the Netherlands, Mexico, Luxembourg, the
Netherlands Antilles, jand Switzerland.

In the Northeast, foreign persons from Canada own 2,113,177, or
60 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 265,841
acres, and one U.S./Canada corporation with 41 parcels covering
727,207 acres.

}
In the Midwest, foreign persons from Canada, Germany, the British
virgin Islands, and the United Kingdom reported owning 1,104,946
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 13,776 parcels|of foreign-held U.S. agricultural land, 87
percent of the parcels, accounting for 85 percent of the reported
acreage, is held in fee interest whole (that is, the owner holds
the estate in its entirety). Partial interests are held in
another 6 percent of the parcels covering another 12 percent of
the acres (table 10).

Under the AFIDA regulations, leases of 10 years or longer are the
only leases that ineed|/ to be reported. 4/ Leases are treated
separately because they represent a 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! 1,319,710 acres of U.S. agricultural land.
Timber land accounts for 640,613 acres, or 49 percent of the

reported foreign leaseholds.

Method of Acquisition

More foreign investors reported paying cash for their U.S.
agricultural landholdings than any other method of acquisition--
51 percent of the parcels, covering 30 percent of the acreage
(table 10). This compares with 25 percent of the parcels,
containing 15 percent of the acreage, that were acquired by
credit only, and 9 percent of the parcels, containing 34

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 US. DEPARTMENT OF AGRICULTURE 1. TYPE ACTIVITY (See Reverse) (Check one)
(12-1090) Stabllztion and Conservation Serica ©. Land
A tang] Bs tana on LI
Holding Acquisition Disposition
AGRICULTURAL FOREIGN INVESTMENT DISCLOSURE ACT REPORT
1D. Land Use Change E. Land Use Change To oO
NOTE: Read instructions on Reverse Before Filing in Any Data Below. 1! Additional Space is Needed, Use Reverse. To Agricutture Non-Agricutture
TEM I cornice ITEM
2. Tract Location and Description I cacy __ |. Type of interest Held In the Agricultural Land (Chock One) CHECK
‘A. LEGAL DESCRIPTION OF ASCS TRAGT NUMBER zi ‘A. Fee Interest (ownership) Whole
r B. Fee Interest (ownership) Panial WHAT %
C. Life Estate
r D. Trust Beneficiary
1B. COUNTY OF PARISH [C.NO. OF ACRES E. Purchase Contract
Dae F. Other (explain)
3._Qwmer of Tract (in item 2A) (See Reverse) 1
NAME ] 6._How was this Tract Acquired or Transferred? CHECK
‘A. Cash Transaction
BL IDNO. (Nine digits) | cHESK IF No. B. Credit or Installment Transaction
NOT KNOWN
= C. Trade
LEGAL ADDRESS (Street, City, State/Province, Country) D. Gift or Inheritance
E. Foreclosure
F. Other (explain)
D. Type of Owner (Check one) CHECK
1. Individual (including husband/wife)
a Citizensfip‘of individual | | 7. Value of Agricuttural Land
Price of Land or ifa land dispo- T
2. Government (name of country) | | sition, the original price paid by seller 3
3. Organization B. Non-Purchase, Estimated Value at the T
‘Type Time of Acquisition $
1) Corporation ‘C. What is the estimated current value or if T
2) Partnership 1 land disposition, the selling price of the :
3) Estate I sract of land?
'D. How much of purchase price in Item 7A |
4st : remains to be paid? $
8) Institution &. Date of Acquisition or peur Pp [=
6) Association | ‘Transter (See
7) Other I -
. 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
e. Principal place of business (for | | A. Crop
‘organizations only) B. Pasture
4. 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 ‘owning the land. D. Other Agriculture
E._ Complete only if item 1G - Land Disposition - Is checked _| E. Non-Agriculture
1. NAME OF PERSON RECEIVING TRACT
F. Total (Should equal 26)
2. ADDRESS (Street, City, State/Province, Country) 10, Intended Use as of This Date (Check One) (CHECK
‘A. NoChange
B. Other Agriculture
‘& CITIZENSHIP | C. Non-Agriculture
wst_[]_— sonson_[]__wsnom 1) 7 prt Farin Ovarian Wasa) | Sa
4. Representative of Foreign Person (completing form, if applicable)
Bo Nane A. Producers:
1, Foreign owner
B. ADDRESS (Sireet, State, Country) ‘2. Manager
‘3._Tenant or sharecropper
'B. Rental agreement is:
C. TELEPHONE NO. (Area Code) |
1. _Accrop share *
D. Relationship of Representative to Foreign Person | CHECK 2 Cash or fixed rent
1. Attomey
2. Manager t 12. The Producer on This Tract Is: (CHECK
3. Agent 1 ‘A. The same person as when the tact was acquired
4. Other (Explain on Reverse) l B.A new person

13, CERTIFICATION -/ certify that the information entered in this report is complete and correct. [ understand that falsification of reporting 1s subject
10.4 civil penalty not to exceed 25% of the fair market Value of the interest held in the tract of land.

14, SIGNATURE (Owner or legally authorized representative)

[rme Joate

ERS COPY-

48


Preface

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

analysis of foreign ownership of U.S. agricultural land. The act
requires an annual report to the President and the Congress on a

calendar-year basis. |This report covers information received
through December 31, 1995.

Contents

List of Tables....... ses. eeeeeeeee eae c cere cccrcceccneoeecees

Summary.....-..---20-- Lecce cc cc cece cece eens renee cesees eee eeee

Introduction... . cece chee cece cece cece nent reece eee ceeeseeeeee
Summary of the Act/and Regulations...
Definitions... .. ccs ececececcccecscccece

Analysis of Data Reported Under the Act.......-.eseeeeeeeoee
Holdings..... . .
Acquisitions..... .
Dispositions, Land-Use Changes, and Changes in Status .
i af) oo |

Program Costs and PenaltiesS.......eeeeeeeeeeccecereesereeses

Appendix: Report Form ASCS-153...........+-- eee eee e ee eee

di



Tenure

Foreign tenants operate 30 percent of the parcels acquired during
the period and 49 percent of the acres, whereas owners operate 28
percent of the parcels and 19 percent of the acres (table 32).
Managers operate 10 percent of the parcels and 2 percent of the
acres. No responses on tenure were received for 32 percent of
the parcels covering 30 percent of the acres. Rental agreements
applied to 30 percent of the parcels covering 48 percent of the
acres.

Tenure Change
Reports for 39 percent of the parcels acquired during the period

indicate no tenure change for 62 percent of the acreage (table
32). Reports for 31 percent of the parcels, containing 7

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

UANUARY 1 - DECEMBER 31, 1995
(NUMBER )
ITEM NO CHANGE OTHER —|OTHER NON- | NO REPORT |COMBINATION| TOTAL
AGRICULTURE | AGRICULTURE
INDIVIDUAL :
PARCELS REPORTED 40 6 ° ° ° 46
ACRES 7,288 402 ° ° ° 7,690
ORGANIZATION:
PARCELS REPORTED 207 17 3 5 ° 238
ACRES 289,488 1,967 1,465 968 ° 293,888
TOTAL:
PARCELS REPORTED 247 23 9 5 ° 284
ACRES 296,776 2,369 1,465 968 ° 301,578
TABLE 32--TENURE OF FOREIGN-OWNED U.S. AGRICULTURAL LAND ACQUISITIONS,
UANUARY 1 - DECEMBER 31, 1995
PARCELS ACRES. VALUE
TENURE REPORTED (NUMBER ) (1,000
(NUMBER ) DOLLARS) 1/
CURRENT:
FOREIGN OWNER 80 56,989 102,622
MANAGER 28 5,988 10,329
TENANT 86 146,849 48,278
NO REPORT 30 91,752 45,989
TOTAL 284 301,578 207,218
RENTAL: :
cROP 10 2,667 4,082
CASH 16 144,773 45 606
NO REPORT 118 97,149 54,908
NOT APPLICABLE 80 56,989 102,622
TOTAL 284 301,578 207,218
INTENDED CHANGE:
NONE 142 186,813 140,430
New 87 22,242 21,426
NO REPORT 85 92,523 . 45,362
TOTAL 284 301,578 207,218

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

37



are in these two land-use categories. Texas had 73 percent of
these acquisitions. New York, Georgia, Louisiana, and South
Carolina accounted for another 18 percent (table 27).

U.S./Cayman Islands corporations purchased most of the U.S.

forest land or forest and other nonagricultural lands (table 28),

accounting for 73 percent of such acquisitions, 40,008 acres.

Foreign persons from the United Kingdom not affiliated with a

U.S. corporation purchased another 6,609 acres or 12 percent.
TABLE 27--U.S. FOREST AND OTHER NONAGRICULTURAL LAND

ACQUISITIONS OF FOREIGN OWNERS BY STATE,
UANUARY {1 - DECEMBER 31, 1995

STATE PARCELS ACRES VALUE
AND U.S. REPORTED (NUMBER) (1,000
TERRITORY (NUMBER) DOLLARS) 1/7

ALABAMA 8 781 460
COLORADO 1 198 30
CONNECTICUT 1 59 250
FLORIDA 2 228 261
GEORGIA 8 2,635 1,686
ILLINOIS 3 43 66
INDIANA 4 414 80
KENTUCKY 5 835 446
LOUISIANA 9 1,874 1,965
MAINE 2 213 56
MINNESOTA 5 428 38
MISSISSIPPI 4 455 670
NEW YORK 1 4,500 950
SOUTH CAROLINA 7 1,080 797
TEXAS 5 40,008 77,014
VERMONT 4 292 209
VIRGINIA 7 120 145,
WASHINGTON 5 815 12,050
WEST VIRGINIA 3 192 89

TOTAL 84 84,877 97,262

41/ 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, 1995

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

AUSTRIA 1 1 26 170
BAHAMAS 1 1 199 116
CANADA 1 1 22 34
FRANCE 2 2 279. 128
GERMANY 6 9 1,608 1,266
LEBANON 1 1 59, 250
UNITED KINGDOM 3 20 6,609 15,153

SUBTOTAL 2/ 15 35 8,802 47,417
US/CANADA 4 12 767 374
US/CAYMAN ISLANDS 1 5 40,008 77,014
US/FRANCE 5 10 2,809 1,379
US/GERMANY 7 19 1,684 808
US/SWITZERLAND 1 1 579 309
US/UNITED KINGDOM 1 1 154 1
US/URUGUAY 1 1 7 260

SUBTOTAL 3/ 20 49 46,075 80,145
TOTAL 35 84 54,877 97,262

A/) 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 15.1 million foreign-owned acres, 56 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. Table 2 gives the acre equivalent for foreign owners
reporting partial. interests in real estate. Partial interests
reduce the 15.1 million to an equivalent of. 13.8 million acres.

Analysis of Data Reported Under the Act
Holdings

Data in this section are derived from the 13,776 reports filed by
foreign persons who held land as of December 31, 1995. These re-
port forms account for 15,102,037 acres of all U.S... agricultural
land. This is an increase of 899,744 acres from the 14,202,293
acres foreign owners reported owning as of the end of 1994. 3/
This nearly 900,000-acre increase is more than the 301,578 acres
acquired during 1995, as reported in the "Acquisitions" section.
One reason for this difference is because sizeable transactions
made prior to December 31, 1994, the closing date of last year’s
report, were reported after that date.

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 figure 2). Deleting the acreage for Maine from the
Northeast data, foreign investment in U.S. agricultural land ‘is
concentrated in the South and West, containing 34 and 32 percent,
respectively, of all reported foreign holdings of U.S.
agricultural land (table 9).

Maine has the largest amount of foreign-owned U.S. agricultural
land, 2,968,434 acres, or 16 percent of the privately owned
agricultural land in the State and approximately 20 percent of
the reported foreign-owned agricultural land in the United
States. Most of the foreign-owned agricultural land in Maine is
2,705,953 acres of timber land owned by four companies. One
company owns various percentage interests in 798,942 acres,

3/ The 14,058,174 acres reported in last year’s report under-
stated the amount of foreign-held U.S. agricultural land because
of late filings and filing errors. The 1994 figure has been
adjusted upward to 14,202,293 acres.

5


Figure 3
Trends in Foreign Ownership of Agricultural Land by Type of Use, 1981-95

Million acres
16

15 5
14 -

Forest

Nonag
Other ag

Pasture

Crop

1981 1983 1985 1987 1989 1991 1993 1995

Program Costs and Penalties

Administration of the Agricultural Foreign Investment Disclosure
Act of 1978 for obtaining and analyzing the data required an
estimated 12.1 staff-years at a cost of approximately $567,000 to
USDA for the past year, of which the Farm Services Agency
contributed approximately 11 staff-years at an estimated cost of
$510,000. The remaining costs and staff-years are attributable
primarily to the Economic Research Service, with some contrib-
utions by the Office of the General Counsel. and the Office of
Public Affairs.

During 1995, USDA assessed 115 penalties for late filings,
totaling $74,450.

47


Agricultural Resources and
Environmental Indicators

An indispensable handbook on agriculture
and the environment

200 pages packed with information and data, background material and references
O Trends in agriculture’s use-of land, water, and commercial inputs, and the
effect on environmental quality

O The complex connections among farming practices, technology, farm
programs, and the environment

O Costs and benefits of meeting conservation and environmental goals

To order, call 1-800-999-6779 in U.S. and Canada. Other areas dial 1-703-834-0125.
‘Stock #AH705 $18 per copy $22.50 outside the U.S.

From USDA's Economic Research Service.



Figure 1

State Concentration of Foreign Ownership of Agricultural Land, December 31, 1995

SS
200,000-399,999

hy
pee no (a> .
HAWAIL EE} 400,000 & over

Figure 2

Proportion of Forelgn-Owned Agricultural Land to All Privately Owned
Agricultural Land In the United States, December 31, 1995

3 Legend: Percent
0 sLess than .1%
A 10.9%

1.0 to 1.9%

3 2.0% or more



Foreign Ownership of U.S. Agricultural Land Through December 31, 1995,
by Kenneth S. Krupa, Charles H. Barnard, and Jacqueline S. Ross.
Natural Resources and Environment Division, Economic Research Service,
U.S. Department of Agriculture. Statistical Bulletin No. 931.

Abstract

Foreign persons owned 15.1 million acres of U.S. agricultural land as
of December 31, 1995. This is slightly more than 1 percent of all
privately held agricultural land and 0.67 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 October 1996


Concentration of Foreign Acquisitions of U.S. Agricultural Land

Seventy-nine percent of the acres acquired during 1995 were in
Nevada,: California, and Texas (table 18). Ninety-five percent of
the acquired acreage was in the West and South (table 24).
U.S./Canada and U.S. /Netherlands corporations accounted for 64
percent of the acres acquired in these two regions.

Characteristics of Foreign Owners

Type of Foreign owner! Corporations reported acquiring 61
percent of the parcels and 79 percent of acres (table 19).
Individuals account for 3 percent of the acres; partnerships, 2
percent; and trusts and others, 16 percent. When partial
interests of foreign investors are taken into account, the
301,578 acres drop to/an acreage equivalent of 299,066 acres.

Corporations acquired /an average of 1,385 acres per parcel, or
2,886 acres per owner, compared with individuals who acquired an
average 167 acres per parcel, or 188 acres per holder. Partner-
ships reported acquisitions averaging 184 acres per parcel, or
538 acres per owner; and trusts and others reported 1,596 acres
per parcel and 2,992 acres per owner.

The largest acreage acquired by individuals during the period was
reported for Texas (table 20). Organizations reported acquiring
the largest acreage in Nevada and California.

Size of Acquisition. |Owners of parcels with 300 or more acres
(39 percent of the owners) acquired approximately 98 percent of
the acres,. and owners| of parcels with less than 300 acres (61
percent of the owners) acquired the remaining 2 percent of the
acres (table 21). All parcels of 300 or more acres accounted for
83 percent of the total value. The value per acre, however, is
concentrated in the reports of holders of less than 300 acres--
$4,758 per acre, compared with $587 per acre for holdings of 300
or more acres.

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

JUANUARY 1 - DECEMBER 31, 1995
(NUMBER )
PARCELS WITH
OWNER OWNERS || PARCELS ACRES PARTIAL ACREAGE
REPORTING] REPORTED INTERESTS EQUIVALENT 2/
| REPORTED 1/
INDIVIDUAL — at 46 7,690 10 6,224
CORPORATION 83 173 239,567 1 239/446
PARTNERSHIP 12 35 6,454 2 5.686
TRUST 8 14 2,409 1 1,952
OTHER 4 19 45,758 ° 45,758
TOTAL 134 284 301,578 14 299,066

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.

28



TABLE 9--FOREIGN OWNERSHIP: OF U.S. AGRICULTURAL LANDHOLDINGS BY U.S. REGION.
DECEMBER 31, 1995
(NUMBER)
i
soUTH west NORTHEAST Mipwest
COUNTRY i
PARCELS ACRES PARCELS acres PARCELS ACRES PARCELS ACRES:
ARGENTINA 35} 5,894 6 4,866 3 1.798 1 80
AUSTRALIA 9 | 4/025 8 11440 3 419 a 222
‘AUSTRIA 61 | 23!sa3 5 tia9 5 549 16 4,408
BAHAMAS 39; 91342 7 1A L645 7 1.198 171200
BAHRAIN ° ° ° ° ° 2 319
BELGIUM 24 10,364 55 777 12 802 12 2.643
BELIZE 4 159 1 25 ° ° 1 365
BERMUDA 23 |’ 67.800 8 1.808 8 2,067 28 2.460
BOLIVIA 2 " ° ° ° ° ° °
BRAZIL 16| 9,839 4 320 1 197 1 40
BRITISH VIRGIN ISLANDS 32 115,857 3 4,203 3 690 3 3,312
CANADA 300 66,240 S12 280,029 670 1,151,387 200 73,685
CAYMAN ISLANDS 36 17,052 ] 17,510 4 248 8 4,218
CHILE 7 635 1 960 1 300 1 160
CHINA 6 569 2 263 ° ° 1 92
coLOMarA 37 1.314 ° ° ° ° 1 100
COSTA RICA 8 2,845 1 10,840 ° ° 1 150
CROATIA 1 863 ° ° ° ° 1 160
‘CUBA 4 58 ° °o ° ° ° °
CZECH REPUBLIC 1 27 ° ° ° ° 1 320
DENMARK ‘ 851 85,984 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 ° ° ° ° ° °o
FRANCE 9B 17,490 50 93,692 22 12,079 18 5.402
GAMBIA 1 294 ° ° ° ° °
GERMANY 823 319,766 328 251,159 231 47,724 aig 134,881
GREECE WwW 57,972 2 1,439 2 30 9 980
GUATEMALA 8 853 ° ° 2 307 1 202
GUYANA 1 35 ° ° ° ° ° °
HONDURAS 12| 1,018 ° ° ° ° ° °
HONG KONG 34 6,628 a4 5,789 7 1,687 4 987
HUNGARY ° ° ° ° 1 103 ° °
INDIA 5 1,108 10 623 1 23 °
INDONESIA 4 752 1 640 oO ° °
TRAN 5 396 7 431 5 788 6
TRELAND o| 6.486 1 3,600 ° ° 4
ISRAEL 2 364 1 61 1 159 2
ITALY 21} 77,396 " 1.684 5 860 8
IVORY COAST ° ° ° ° 4 419 °
UAMAICA 4 367 ° ° ° ° °
JAPAN 33 34,140 7193 150,345 3 247 32
JORDAN 12 719 1 571 2 229 3
KAMPUCHEA ° ° ° ° ° ° 1
KOREA (SOUTH) 4 479 2 957 1 100 1
KUWAIT 9] 19,020 2 224 1 217 A
Laos 1 31 ° ° ° ° °
LEBANON 2a] 7.198 5S 2,410 3 238 10
LIBERIA to} 2.849 10 23,381 3 4,697 1
UIECHTENSTEIN 77|  64!093 86 57.251 152210 18
LUXEMBOURG 3 2,289 2 505 2 29 ad
MALAYSIA 4 40 47,908 ° ° °
MEXICO 261 146,183 22 32,189 1 27 8
MOROCCO °o ° 1 360 3 S15 1
NAMIBIA , 2 106 ° ° oO ° 1
NETHERLANDS tee] 49,417 62 37.426 309,281 60
NETHERLANDS ANTILLES 219 176,398 95 149,347 at 6,580 33
NEW ZEALAND 4 2 350 ° ° °
NICARAGUA 4 ° ° ° ° °
NORWAY. 2 2 201 oO °o 15:
OMAN 4 1 262 ° ° °
PAKISTAN ° 7 962 ° ° °
PANAMA 447 24 29,402 6 2,632 8
PERU 17 ‘ Bt 1 15 1
PHILIPPINES 13 272,802 ° ° 3
POLAND ° ° ° ° 1 147 °
PORTUGAL 2 510 a 3,251 1 385 °
RUSSIA 1 10 ° ° 4 761 °
ST. VINCENT 3 1,318 ° ° 1 1,319 Oo
SAUDI ARABIA ag 16,470 12 44,197 1 3,628 5
SENEGAL 1 10 ° ° ° ° °
SINGAPORE ° ° 3 504 ° ° °
SOMALIA ° ° ° °o 1 1 °
SOUTH AFRICA 3 2,012 ° ° 3 461 2
SPAIN 13 3,060 7 B26 ° ° 5
SWEDEN 15 3,679 21 48.802 3 313 10
SWITZERLAND 330 130,120 92 141,644 44 16,248 67
SYRTA 5 2,161 1 194 2 334 °
TAIWAN 12] 4i361 182,473 ° ° 6
TANZANIA 2] to. 149 ° ° ° ° °
THAILAND 3 580 3 978 1 164 3
TRINIDAD & TOBAGO 2 36 ° oO ° ° 1
TURKEY ° ° 1 38 ° ° °
TURKS ISLANDS 1 100 6 798 1 160 5
UNITED ARAB_EMIRATES sf aan 5 519 ° ° 2
UNITED KINGDOM 260| 828,277 125 790,387 86 89.947 92
URUGUAY 2| 11570 2 320 ° ° 4
VENEZUELA 108] 10.398 4 537 16 2,758 23
VIETNAM 1 152 ° ° ° ° °
ZIMBABWE 1 230 ° oO ° ° °
Continued--

ry
a



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the acres (table 36). | As should be expected, sales prices per
acre were higher for smaller parcels. Average selling price for
parcels of less than 2/0 acres was $20,403 per acre, compared with
$503 per acre for parcels of 1,000 or more acres. Average

selling price of all reported dispositions was $718 per acre.

Country of Origin. v.8. /Netherlands, U.S./France, U.S./Austria,
and U.S./U.K. corporations collectively disposed of nearly. two-
thirds (66 percent) of the acreage (table 37). The South and the
West each had 47 percent of the acres disposed (table 38). U.S./
U.K. and U.S./France corporations together disposed ‘of 44 percent
of the acreage in the South. U.S. /Netherlands corporations
accounted for 55 percent of the dispositions in the West. U.S./
France corporations and foreign persons from Germany disposed of
79 percent in the Northeast. U.S./U.K. corporations, foreign
persons from Netherlands Antilles, and U.S./France corporations.
disposed of 64 percent in the Midwest.

Land Use

Forty-nine percent of jacres disposed were cropland, 34 percent
pasture, 14 percent forest, 2 percent other agriculture, and 1
percent other nonagriculture (table 39). U.S./Austria and U.S./
Netherlands corporatidns disposed of 48 percent of the cropland;
U.S./U.K., U.S. /Netherlands, and U.S./France corporations dis-
posed of 87 percent of the pasture land; and U:S./U.K. and .U.S./
France corporations dilsposed of 57 percent of the forest land.

Trends

The data for 1995 are |generally biased toward the first part of
the year. Data for 1981 through 1994 are generally more evenly
distributed throughout the year (table 40). This has also been
the case for current year data in past AFIDA reports. The reason
relates to the AFIDA reporting requirements, which allow. persons
90 days to report their transactions to the U.S. Department of
Agriculture (USDA). Consequently, not all transactions occurring
in the 90 days preceding the closing date of the report are
reported to USDA by that date. Some of the bias is also due to
reports that are filed late and/or are incomplete. This means
that the 1995 data and, in some cases, data for prior years are
understated and should be regarded as preliminary.

Foreign ownership of U.S. agricultural land remained relatively
steady from 1981 through 1995--slightly above or below 1 percent
of all privately owned agricultural land in the United States
(fig. 3). Most changes were in forest, rising from 7.2 million
acres in 1981 to 8.1 million in 1984, falling to 6 million in
1989, increasing to 713 million in 1991, declining to 6.6 million
in 1994, and rising to 7.5 million in 1995. These changes are
mainly due to milliontacre-plus transactions by large timber
companies. Reviewing |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 1995; pasture, from 2.8 to 3.9 million acres; and

other agriculture, from 0.5 to 0.8 million acres.

40



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

By counrne oF rontian 8 sien DECEMBER 31, 1998
counray, owners | parcets | acres

‘ARGENTINA 240
AUSTRALIA 946
AUSTRIA 2 17,276
BAHAMAS, 7,389
BELGIUM 161
BELIZE 102
BERMUDA 1 AN6I7
BRAZIL 22
BRITISH VIRGIN jISLANDS 185

CANADA
CAYMAN ISLANDS
COSTA RICA
DENMARK

EGYPT
EL SALVADOR
FRANCE
GERMANY
GREECE
GUATEMALA

UORDAN
KOREA (SOUTH)
KUWATT
LEBANON
LIBERIA
LIECHTENSTEIN
LUXEMBOURG
MEXICO
NETHERLANDS
NETHERLANDS ANTILLES
NORWAY

PAKISTAN

3
Z

PHILIPPINES,
ST VINCENT.
SAUDI ARABIA
SOMALIA
SPAIN

SWEDEN
SWITZERLAND,
SYRIA

TAIWAN

TURKS ISLANDS
UNITED ARAB EMIRATES
UNITED KINGDOM
VENEZUELA
VIETNAM
MULTIPLE
THIRD TIER

SUBTOTAL 4/

US/AUSTRALIA
US/AUSTRIA
US/BAHAMAS:
US/BELGIUM
US/BERMUDA
US/BRITISH VIRGIN
TSLANOS
US/CANADA
US/CAYMAN ISLANDS
US/CHINA
US/DENMARK
US/DOMINICAN REPUBLIC
US/FINLAND
US/FRANCE
US/GERMANY
US/GREECE
US/TRELAND
US/JAPAN
US/KENYA
US/KUWAIT
US/LIBERTA
US/LIECHTENSTEIN
US/LUXEMBOURG
US/MEXICO
US/NETHERLANOS
US/NETHERLANDS| ANTILLES|
US/NORWAY
US/PANI
US/PHILIPPINES
US/QATAR
US/SAUDI ARABI.
“US/SWITZERLAND|
US/TAIWAN
US/UNITED KINGDOM
US/URUGUAY
US/VENEZUELA
US/MULTIPLE
US/THIRD TIER

SUBTOTAL 2/
TOTAL

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Be

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Pe eee nT ee Pee Peer rr rT rer

Py
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Pe Pee Pe eet Pet Perens Tare rey

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a

930

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Pett ee ee PETE EST

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16
128

1,656

2,850

2,977,985

315
2,565
3.431

21,844

19,017

201,626
1,374,831
40,648
1,379

176,254
147

4,612
72,456
32

712
3,820
6.648
8

161,391
236.341

3,933,958
6,911,943

TOTAL ahrenesTs EXCLUDING U.S. CORPORATIONS WiTH

Vy
FOREIGN SHAREHOLDE!

TOTAL INTERESTS OF U,S. CORPORATIONS WITH FOREIGN

SHAREHOLDERS.

24



Interest in Land

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

Method of Acquisition

Cash only and credit only represented 65 and 8 percent of all
parcels purchased, respectively, covering 21 and 35 percent of
the acres (table 25). In contrast, 15 percent of the parcels,
covering 42 percent of the acres, were acquired by other method
only.

Land Use ‘

Of the acres acquired in 1995, 27 percent were in pasture, 26
percent in forest, 24 percent in other agriculture, 17 percent in
cropland, and 6 percent in nonagriculture (table 26). U.S./
Netherlands and U.S./Canada corporations acquired 52 percent of
the cropland. U.S./Netherlands, U.S./Canada, and U.S./United

_ Kingdom corporations combined acquired 70 percent of pastureland.
Persons from the U.K. plus U.S./Cayman Islands and U.S./Canada
corporations together acquired 86 percent of the forest land.

Separating data on reports for only forest or forest and other
nonagricultural land shows that 18 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, 1995

(NUMBER )
ITEM PARCELS ACRES
REPORTED
INTEREST:
FEE INTEREST WHOLE 270 296.940
FEE INTEREST PARTIAL 1/ 14 4.638
TOTAL 284 301,578
METHOD OF ACQUISITION:
CASH ONLY 188 65,27
CREDIT ONLY 23 tod ane
TRADE ONLY 25 31858
GIFT/INHERITANCE ONLY 1 39
FORECLOSURE ONLY 3 725
OTHER METHOD ONLY 42 126,208
CASH & CREDIT ONLY 3 855
CASH & TRADE ONLY 1 151
CASH & ANY OTHER COMBINATION 1 aa
TOTAL 284 301,578
OWNER-REPRESENTATIVE:
ATTORNEY at 19,366
‘ MANAGER 57 112,745
AGENT 43 25.838
OTHER 1 140,016
FOREIGN OWNER 1 20
NO REPORT. at 3,593
TOTAL 284 301,578

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

33



Relationship of Foreign Owner to Representative

Forms were most commonly completed by attorneys, representing 32
percent of the parcels and 32 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 24 percent of the parcels and 21
percent of the acres, followed by managers with filings for 16
percent of the parcels covering 24 percent of the acres.

Land _ Use

Forty-nine percent of the reported foreign-owned holdings of
agricultural land is timber or forest land (table 11); cropland
accounts for only 16 percent. Foreign-owned cropland, pasture,
and other agricultural land (which includes, for example, or-
chards and vineyards) total 47 percent of all foreign-owned
holdings, but only 0.6 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, 1995

(NUMBER )
ITEM PARCELS ACRES
INTEREST: ‘ .
FEE INTEREST WHOLE 11,994 12,823,010
FEE INTEREST PARTIAL 1/ 871 1,797,707
LIFE ESTATE 47 9,575
TRUST BENEFICIARY 166 99,988
PURCHASE CONTRACT 634 312,844
OTHER 64 58,913
TOTAL 13,776 15, 102,037
METHOD OF ACQUISITION:
CASH ONLY 7,018 4,471,485
CREDIT ONLY . 3,416 2,337,766
TRADE ONLY 349 351,037
GIFT/INHERITANCE ONLY 371 230,644
FORECLOSURE ONLY 63 58,040
OTHER METHOD ONLY 1,255 5,120, 196
CASH & CREDIT ONLY 1,081 1,737,776
CASH & TRADE ONLY 66 510,535
CASH’& ANY OTHER COMBINATION 47 54,666
No’ REPORT . 43 13,997
NONCASH COMBINATIONS 67 215.895
TOTAL 13,776 15, 102,037
OWNER-REPRESENTATIVE:
ATTORNEY : 4,405 4,907,339
MANAGER 2,228 3,685,442
AGENT 1,703 1,187,420
OTHER 3,276 3.227.648
FOREIGN OWNER 1,949 1,007,407
NO REPORT 215 1,086,781
TOTAL 13,776 15,102,037

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.

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, 1995

OWNERS PARCELS SELLING

SIZE REPORTING REPORTED ACRES PRICE

(ACRES) (NUMBER ) (NUMBER ) (NUMBER ) (1,000

DOLLARS): 1/

LESS THAN 20 23 36 181 3,693
20-59 19 28 669 5,232
60-99 9 14 TAT 1,984
100-299 30 73 5,280 13,065
300-999 29 56 16,179 29,138
1000 OR MORE 24 187 170,215 85,648
TOTAL 134 394 193,241 138,760

4/ SELLING PRICE IS VALUE AT TIME OF DISPOSITION.

TABLE 37--DISPOSITIONS OF U.S.

AGRICULTURAL LAND BY.COUNTRY OF FOREIGN

OWNER, JANUARY 1 - DECEMBER 31, 1995
OWNERS PARCELS SELLING
COUNTRY REPORTING | REPORTED ACRES PRICE
(NUMBER) (NUMBER) (NUMBER) (4,000
DOLLARS) 4/
BERMUDA 3 6 498 " $,294
CANADA 8 8 M5 1,662
FRANCE 4 6 2,171 1,253
GERMANY 27 35 7,353 11,707
ITALY 5 7 887 4,486"
JAPAN 3 3 195 2,209
LEBANON 1 1 292 1
LIBERIA 1 3 1,273 1,049
LIECHTENSTEIN 1 1 14 10
NETHERLANDS 4 4 610, 2,620
NETHERLANDS ANTILLES 3 4 1,280 * 4,200
NORWAY 1 1 160 a4
SWEDEN 2 3 178 946
SWITZERLAND 5 9 2,153 3,435
UNITED KINGDOM 4 16 3,034 1,777
VENEZUELA 2 4 942 1,427
THIRD TIER 1 1 8,265 4,000
SUBTOTAL 2/ 75 112 30,020 43,120
US/AUSTRIA 1 4 26,246 6,122
US/BRITISH VIRGIN
ISLANDS 1 24 154 236
US/CANADA 5 12 2,465 4,924
US/CHINA 1 1 148 85
US/FRANCE 5 21 27,333 10,642 .
US/GERMANY 7 54 4,523 1,242
US/JAPAN 2 3 404 595
US/NETHERLANDS 3 72 49,982 19,893
US/NETHERLANDS ANTILLES 1 1 1,814 993
US/PAKISTAN 1 1 422 482
US/PANAMA 2 2 800 505
US/SWITZERLAND 6 6 1,088 2,668
US/TAIWAN 1 1 68 460
US/UNITED KINGDOM 18 mM 23,088 24,973
US/THIRD TIER 2 9 24,686 21,850
SUBTOTAL 3/ 56 282 163,221 95,640
TOTAL ALL
LAND DISPOSITIONS 131 394 193,241 138,760

A/) SELLING PRICE IS VALUE AT TIME OF DISPOSITION.

2/
SHAREHOLDERS .

TOTAL INTERESTS EXCLUDING U.S. CORPORATIONS WITH FOREIGN

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

41


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

UANUARY 1 - DECEMBER 31, 1995
(ACRES)
COUNTRY CROPLAND PASTURE FOREST OTHER OTHER NON- TOTAL
AGRICULTURE | AGRICULTURE

BERMUDA 424 ° ° 74 ° 498
CANADA 424 54 215 2 20 115
FRANCE 754 1,036 228 153 ° 2,174
GERMANY 4,823 33 2,163 172 162 7,353
ITALY 785 ° ° 102 ° 887
JAPAN 187 ° ° 7 1 195
LEBANON 150 ° ° 142 ° 292
LIBERIA 913 145 20 ° 195 1,273
LIECHTENSTEIN ° ° 14 ° ° 14
NETHERLANDS 33 476 76 25 ° 610
NETHERLANDS ANTILLES 1,159 ° 113 ° 8 1,280
NORWAY 152 ° ° 8 ° 160
SWEDEN ° 108 36 34 ° 178
SWITZERLAND 1,360 365 ° 320 108 2,153
UNITED KINGDOM 99 6 2,929 ° ° 1034
VENEZUELA 418 ° ° 524 ° 942
THIRD TIER 7,447 280 246 156 136 8,265

SUBTOTAL 1/ 19,128 2,503 6,040 1,719 630 30,020
US/AUSTRIA 25.760 486 ° ° ° 26,246
US/BRITISH VIRGIN

ISLANDS ° ° 154. ° ° 154
US/CANADA 10 770 1,623 ° 62 2,465
US/CHINA ° ° 148 ° ° 148.
US/FRANCE 1,956 13,281 11,949 134 13 27,333
US/GERMANY 331 2,709 1,364 13 109 4,523
US/JAPAN 363 ° ° o- 41 404
US/NETHERLANDS 19,218 30,414 ° 13 340 49,982
US/NETHERLANDS ANTILLES 694 218 897 ° 5 1,814
US/PAKISTAN 422 ° ° ° ° 422
US/PANAMA 650 150 ° ° ° 800
US/SWITZERLAND 983 6 ° 86 13 1,088
US/TAIWAN ° ° ° 6B ° 68
US/UNITED KINGDOM 4,383 15,022 3,146 502 35 23,088
US/THIRD TIER 20,599 1,868 1,392 827 ° 24,686

SUBTOTAL 2/ 75,369 64,921 20,670 1,643 618 163,221
TOTAL ALL

LAND DISPOSITIONS 94,497 67,424 26,710 3,362 1,248 193,241

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

43


TABLE 1--U.S. AGRICULTURAL LANDHOLDINGS OF FOREIGN OWNERS BY STATE, DECEMBER 31, 1995
!
TOTAL LAND PRIVATELY OWNED FOREIGN-OWNED  |PROPORTION OF
AREA AGRICULTURAL AGRICULTURAL FOREIGN-OWNED TO
STATE OF STATE 1/ LAND 2/ LAND PRIVATELY OWNED
(1,000 ACRES) (4,000 ‘ACRES) (ACRES) » — | AGRICULTURAL LAND
| i (PERCENT)
i
ALABAMA 32,491 28,620 299,579 1.0
ALASKA 365,333 500 75 REG.
ARIZONA 72,645 10,502 338,653 3.2
ARKANSAS 33,330 27.984 155,691 6
CALIFORNIA 100,031 44,042 954,052 2.2
COLORADO 66,301 36,618 678,173 1.9
CONNECTICUT 3,118 1,884 get NEG
DELAWARE 1,237 972 5,878 6
FLORIDA 34,658 . 23,975 620,559 2.6
GEORGIA 37, 156 32,338 558.953 1.7
HAWAIT 4,412 1,998 180,058 9.0
IDAHO 52,744 15,256 22,624 :
ILLINOIS 35,613 31,633 209,549 7
INDIANA 22,996 20,493 94,395 5
IOWA 35,818 33,582 33,105 :
KANSAS 52,338 49,780 69,490 :
KENTUCKY 25,388 22,578 121,151 5
LOUISIANA 28,494 24,523 682,366 2.8
MAINE 19,837 18,065 2,968,434 16.4
MARYLAND 6,296 4,510 51,260 14
MASSACHUSETTS 5,008) 2,664 2,029 aw
MICHIGAN 36,451 25,742 444,239 1.7
MINNESOTA 50,911 36,343 221,971 6
MISSISSIPPI 30,229 26,713 444,286 1.7
MISSOURI 44,125 39,289 73,354 +2
MONTANA 93,048 53,052 474,496 re)
NEBRASKA 49,052 45,444 74,769 +2
NEVADA 70,332 8,248 388,393 a7
NEW HAMPSHIRE 5,756) 4,254 16,477 4
NEW JERSEY 4,779 2,438 18,369 8
NEW MEXICO 77.654 35,705 785,355 2.2
NEW YORK 30,3214 21,893 280,614 1.3
NORTH CAROLINA 31,260 26,392 153,962 6
NORTH DAKOTA 44,352! 39,214 27,839 a
OHIO 26,243) 22,519 185,935 8
OKLAHOMA 43,939) 38,500 56,306 :
OREGON 61,558 28,022 644,143 2.3
PENNSYLVANIA 28,728) 21,518 91,769 4.
PUERTO RICO 9 ° 839 NEG.
RHODE ISLAND 675 357 17 NEG.
SOUTH CAROLINA 19,330 15,851 198,852 1.3
SOUTH DAKOTA 48,609) 39,556 42,957 a
TENNESSEE 26,339) 21,873 83,010 :4
TEXAS 167,691 154,417 1,209,677 8
UTAH 52,527 11,892 61,013 5
VERMONT 5,935) 5,153 86,532 1.7
VIRGINIA 25,410) 20,963 144,284 7
WASHINGTON 42,567 22,530 389,777 1.7
WEST VIRGINIA 15,436 13,594 166,974 1.2
WISCONSIN 34,833) 26,729 77,890 3
WYOMING 62,073) 24,459 210,983 9
TOTAL 2,265,182 1,265, 105 15,102,037 1.2

1/1980 LAND AREA FROM G!

2/ PRIVATELY HELD LAND B)
U.S. DEPT.AGR., 1987. ESTIM
AND URBAN LANDS. INCLUDES FI
MISCELLANEOUS .

NEG. = NEGLIGIBLE

Na = NOT AVAILABLE

LacrapHy DIVISION, CENSUS BUREAU.

JASED ON A, DAUGHERTY, UNPUBLISHED DATA, ECON. RES. SERV.,
JATE OF TOTAL LAND LESS PUBLIC, INDIAN, TRANSPORTATION,
‘OREST LAND, PASTURELAND, CROPLAND, RANGE, AND