TABLE TeeVALUE OF | FOREIGNCOWNED UcSe AGRICULTURAL LANDHOLDINGS
BY STATE, OCTOBER 8» 1984

STATE AND
UeSe TERKITORY

ALABAMA
ALASKA
ARIZUNA
ARKANSAS
COLIFORNTA
COLAR ADU
CONNECTICUT
DELAWARE
FLIRIDA
GEORGIA

GUAM

AAAATT

1DAHU
ILLINOIS
INDIANA

10a

KANSAS
KEWTUCKY
LUUTSTANA
MATNE
MARYLAND
MASSACHUSETTS
MICHIGAN
MINNESUTA
MISSISSIPPI
MTSSUURT
MONTANA
NEBRASKA
NEVADA

NEW HAMPSHIRE
WEW JERSEY
HEW MEXICO
NEW YORK
NORTH CAROLINA
NORTH DAKOTA
OHIO

OKLAHOMA
UREGON
PENWSYLVANTA
PUERTU RICO
SOUTH CAROLINA
SOUTH DAKUTA
TEWNESSEE
TEXAS

UTAH

VERMUNT
VIRGINIA
WASHINGTON
WEST VIRGINIA
WISCONSIN
wYUAING

TOTAL

eee ene nee

« 1/ REPORTED VALUE IS PURCHAS|

ACQUISITIONS
ry

URTED CURRENT VALUE RE
3/ REPORTED CURRENT VALUE AD
ACQUIRED IN 1984 IS UNADJUSTED.

'

1 REPORTED

ACRES 1 VALUE J/

CWUMBER D 1 (Leon

1 PALLARS)

'

5980375 3129649
783 345
2899376 3019296
1310968 1460A56
9069106 1e73B9017
5040372 4339799
10057 49153
80310 139514
6100615 190939971
191171949 8239973
336 29389
590612 517653
1659804 620747
1560387 7380579
949591 1159875
329438 49010
684386 B7V591
441664 769250
1489856 1359488
209260559 3509561
479313 1027901
442 9uB
1969578 699107
2409424 229149
3479783 2639738
6296833 559596
3739091 637330
7B1463 149613
519386 139774
1119732 169806
200419 1329465
4659154 44107
381s cra 934358
2779225 1371637
2000n4 39750
50920 1039293
289224 219032
418613) 2259396
1760656 352007
10398 49424
5240800 2749986
420014 149597
356984) 639010
9719800 194759628
720144 780138
Looral 689281
1229816 1699801
9979232
109959
19911 244392
1289866 369502
140037673 1096459803

12

& PRICE OR NUNPUKCHASE PRICE

YUSTED TU APRIL lo 1984.

ACRES

ITH

CURRENT
VALUE

REPORTEN

(NUMBER)

wee ee nem enewelemennncnnccecebenencen eon contecn-cnecenoneebennanosen:

5880026
753
2151096
1274537
8250146
4310130
948
8.033
5360405
1LeG72.961
0
599502
164,982
1466863
859852
294799
654696
306383
108 e6R9
290259576
430847
254
194,060
980370
341981
58,021
3409528
730479
519301
110,685
22e14h
3060312
3700699
264.003
176590
290179
279509
BTL e044
174.669
12398
5140303
365991
3539316
8469530
499185
940492
1079228
3420888
609566
145637
755066

1198986251

REPURTED
CURRENT
VALUE 2/
(be0u9
DULLARS)

3479433
345
3069274
1499675
196559287
3899254
29964
99307
1el77yd29
B429319

Cy

Sle72a
639749
2560214
1069746
529555
399792
719058
1319494
3309421
1139980
690
69524
189445
2669697
TWs725
649411
279641
159816
169110
1219607
500309
989466
1659562
7435
1099520
239302
2269216
379401
49666
2709691
140278
779015
194229869

1339275

759607
1659148
190340331
149816
229548
219175

1097369893

(ESTIMATED VALUE)

1) ADJUSTED
| CURKEWT
1 VALUE 37
' (heuvo
' DULLARS)
1

3529298
34G
3499466
1500455
291789646
4320378
39346
90742
193049592
7929530
oO
549355
Tvs.
2240204
920350
449127
3Be191
TuV0ls
1599370
371e8U1
1199530
645
619016
189199
‘ 2859766
669739
649244
249550
199483
199395
1290775
570041
1109235
1841986
69508
879808
279505
2219812
340286
$9038
2609138
14en3u
769306
LeB910959
1639999
91leoel
1699022
Lel369320
170525
229591
219990

1291269438

AT TIME OF

FLEGTS VALUE AT TIME OF KEPORTING AFTER FESKUARY 1p 1979.6
REPURTED CURRENT VALUE FUR KULDINGS


TABLE 2300U,S, AGRICULTURAL LAND ACQUISITIONS BY COUNTRY OF FOREIGN OWNER?
JANUARY LeOCTOBER Be 1984

eee nm rere memeneoce ton sownnesceneeenenenccere cman cmessesecsosaseseDEcoree’

{| OWNERS 1 PARCELS | ACRES i} VALUE
COUNTRY | REPORTING | REPORTED | (NUMBER) | (19000
1 (NUMBER) | (NUMBER) I { DOLLARS) J/
' cabemncenseon. eocccseanne
ARGENTINA f) 4 4 19449 49192
AUSTRIA ' 2 2 69880 20108
BELGIUM 1 2 2 157 475
BERMUDA ' 1° 1 112 550
BPITISH VIRGIN ISLANDS | 1 1 19380 29645
CANANA | 22 23 2539573 519770
DENMARK f 1 1 y 2l7 595
FRANCE i) 1 1 lug 19600
GERMANY (WEST) i} 33 38 199565 250015
HONG KONG 1 2 3 234 19520
HUNGARY 1 1 2 1lo 170
IP AN 1 1 1 112 70
JURDAN i) 1 l- 60 39195
KUWAIT | 1 1 40 30
LUXEMBOURG ' 1 1 440 660
wEXICU ' 2 3 29084 19225
NETHERLANDS ' 6 6 100446 139466
NETHERLANUS ANTILLES 1 7 8 1,975 89402
SAUOT ARABIA 1 2 2 19380 189061
SWEDEN 1 2 3 665 616
SWITZERLAND | 31 31 39263 69401
TANZANIA 1 1 1 109337 59990
UNTTED KINGQUM 1 ll dl 35 99875
VENEZUELA 1 3 3 9025 69162
THIRD TIER i) 1 8 19837 19236
'
SUBTOTAL 2/ 1 140 158 3199850 1669065
i :
US/BELGIUM 1 1 2 3941) B67
US/BERMUDA 1 1 1 450 19940
US/CANADA i 6 22 89845 209098
US/COLOMBIA 1 2 2 106 19052
US/FRANCE i} 3 3 345 662
US/GERMANY (WEST) 1 13 17 49602 139903
US/JAPAW 1 1 3 163 19357
US/LTECHTENSTEIN 1 3 3 763 726
US/MEXICO 1 1 1 151 19000
US/NFTHERLANDS ' 5 37 279543 400955
US/NETHERLANDS ANTILLES( 3 3 19049 29623
US/PANAMA ' 1 1 322 933
US/SAUNT ARABIA 1 1 7 29229 40171
US/SWITZERLAND ' 10 14 69463 89542
WS/UNITED KINGDOM | 17 50 109819 139287
US/VENEZUELA i} 1 1 373 629
US/MULTIPLE i} 1 1 270 405
US/THIRD TIER 4 2 10 249747 189334
{
SUBTOTAL 3/ ! 72 178 920651 1319684
'
TOTAL ALL i}
LAND ACQUISITIONS i 212 336 4129501 2979729

econ eneencocnencmencnelcooemaneneceonesaee. .- --ceorwaenonpoaesoDeEtose=cc

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

@/ TOTAL INTERESTS EXCLUDING UeSe CURPORATIUNS WITH FOREIGN
SHAREHOLDERS «

3/ TOTAL INTERESTS OF UoSe CORPORATIONS WITH FOREIGN SHAREHOLDERS.

33


of reports for most of the month of July, August, September, and early October
are not included in this report. Table 40 shows that the distribution of acqui-
sition dates through October 8 is skewed toward the first part of the year. In
addition, a further understatement of the acreage acquired by foreign persons
through October 8 would result from transaction reports that were not timely
filed and/or completed by October 9. Consequently, these reports would not have
been processed for inclusion in this report.

Concentration of Foreign Acquisitions of U.S. Agricultural Land

Fifty-six percent of the acres acquired from January 1 through October 8, 1984,
were in Maine (table 18). This sizable Maine figure is attributable to one
parcel of forest land covering 231,600 acres. Except for Maine, the largest
number of acres were acquired in Colorado and Texas, accounting for 43 percent
of the remaining 180,901 acres. Deleting the acreage for Maine, foreign acqui-
sitions were concentrated in the South, accounting for 26 percent of the acres
(table 24).

Characteristics of Foreign Owners

Type of Foreign Owner. Corporations reported acquiring 46 percent of the parcels
during this period (table 19). Individuals account for 5 percent of the acres
acquired during this period; corporations, 88 percent; partnerships, 6 percent;
and trusts, less than 1 percent. When partial interests of foreign investors are
taken into account, the total acreage figure drops from 412,501 to an acreage
equivalent of 396,456, but the distribution among the types of owners remains
virtually the same.

Corporations acquired an average of 1,766 acres per parcel, or 3,750 acres per
owner, compared with individuals who acquired an average 254 acres per parcel, or
269 acres per holder. Partnerships reported acquisitions averaging 656 acres per
parcel, or 890 acres per owner.

The largest number of parcels acquired by individuals during the period was re-
ported for Texas (table 20). However, the largest acreage acquired by individuals

TABLE 180*U.S. AGRICULTURAL LAND ACQUISITIONS OF ROREIGN OWNERS BY STATE?
JANUARY LeOCTOBER 8+ 1986

STATE ' ACRES ! VALUE | ' ACRES 1 VALUE
AND UgSe 1 (NUMBER? = 1 (1 2000 | s 1 (NUMBER) =| (19000
TERRITORY ' 1 DOLLARS) B/ ft TERRITORY ' 1 ~DOLLARS) J/

eronennvncofaccossecceonentacsacsnoserens

ALABAMA ' 156 543 [NEW HAMPSHIRE ' 679 220
ARIZONA ' 454 39897 JNEH YORK | 4679 994
ARKANSAS. 1 119492 139129 |NORTH CAROLINA 1 197 530
CALIFORNIA ' 39894 159670 |NURTH DAKOTA ' 480 201
COLORADO ' 3795168 169539 OHIO ‘ 967 19887
CONNECTICUT t 17 19100 OREGON ' 88 309
FLORIDA ' 199425 699106 {PENNSYLVANIA i 19935 293546
GEORGIA i] 179031 219619 [SOUTH CAROLINA 1 99695 79582
HAWATT i) 14 150 {TENNESSEE i} 29496 11426
ILLINOIS ! 4y 762 109639 [TEXAS ' 399628 850247
INDIANA ' 68s 30703 [VERMONT 1 646 14059
KANSAS: i) 317 188 VIRGINIA ' 19682 20783
KENTUCKY ' 135 19211 [WASHINGTON ' 8865 219003
LOUTSTANA ! 844 19658 |WEST VIRGINIA ' 39936 19287
MAINE 1 2319881 219704 JWISCONSIN ' 2 12
MARYLAND 1 236 616 | WYOMING 1 HSS T9312
MICHIGAN ' 3 31 (

MISSISSIPPT 1 29376 3508 | TOTAL i) 4129502 2979729
MISSOURT ' 203 340 | i}

MONTANA ' 891 200

eanecapeecerennnechecsaseneeeceneneeevenenanansncenecenscns

1/ VALUE IS PURCHASE PRICE OR NONPURCHASE PRICE (ESTIMATED VALUE),

29


TABLE 27°0U,8
ACOUIST

e FOREST AND OTHER NONAGRICULTURAL LAND
TIONS OF FOREIGN OWNERS BY STATEs
JANUARY LeOCTOBER 89 1984

! '
STATE ' PARCELS 1? ACRES i} VALUE
ANO UsSe ' REPURTED ' (NUMBER) ' (11000
TERRITORY ' (NUMBER) ' 1 DOLLARS) y/
woretenerenerwneted ann tan enenennon ae ra!
ALABANA ! 4 156 543
coraRava 1 1 29550 423
FLURIDA ! 1 1-085 29580
GEORGIA ' 27 89240 69955
INDIANA 1 1 27 25
LUUISTANA ' 1 8 6
MATIE ' 2 2319881 219704
MISSISSIPPI 1 1 39 20
NEw HAMPSHIRE ' 1 479 220
NURTH CAROLINA ' 6 ‘008 379
OREGON | 1 88 309
SUUTH ‘CAROLINA ' 16 5413 30195
TENNESSEF 1 6 810 324
TEXAS i) 2 19957 842
VERMONT ' 2 S2u 95
VIRGTHTA ! 1 112 70
WASHTNGTON ' 13 79505 199707
WEST VIRGINIA i) 3 39936 19287
1

TUTAL I 88 2669022 589684
Se a

a7) VALUE IS PURCHASE PRICE OR NONPURCHASE PRIGE (ESTIMATED VALUE) «

TABLE 2800U.S, FORES'
BY COUNTRY OF

COUNTRY

CANADA
GERMANY (WEST)
IRAN
NETHERLANDS
SWITZERLAND
THIRD TIER

SUBTOTAL 2/

US/BELGIUM
US/CANADA
US/GERMANY (WEST)
US/NETHERLANDS
US/SAUDT ARABIA
US/UNITED KINGDOM
US/THIRD TIER

SUBTOTAL g/

TOTAL

3/° ~VALUE IS PURCHAS!

@/ TOTAL INTERESTS
SHAREHOLDERS,

3/ = TUTAL INTERFSTS

;T AND OTHER NONAGRICULTURAL LAND ACQUISITIONS
FOREIGN OWNER? JANUARY l*OCTOBER 6y 1964

| GWNERS {| PARCELS | ACRES VALUE
JREPORTING | REPURTED | (NUMBER) | (1,000
| (NUMBER) | (NUMBER) | 1! OOLLaRS) Js
prorncncancbecwancecenbannrcosnn peconccceewence
1 4 4 2329700 249266
i 5 7 39785 39288
iI 1 1 1l2 70
1 1 1 524 92
1 2 2 449 150
1 1 8 19837 19236
1
i 14 23 2399407 299100
|
i 1 2 39411 867
4 20 80761 209079
4 4 996 19737
2 3 49507 19265
1 1 3 22 63
7 24 69288 39566
1 9 29630 29007
20 65 269615 299584
34 88 2669022 589684

— PRICE OR Ni

E JONPURCHASE PRICE (ESTIMATED VALUE).
EXCLUDING U.S» CORPORATIONS WITH

FOREIGN

UF UsSo CORPORATIONS WITH FOREIGN SHAREHOLDERS,

* 38



TABLE 1--U.S. AGRICULTURAL] LANDHOLDINGS OF FOREIGN OWNERS, BY STATE, OCTOBER 8, 1984
: : : PROPORTION OF
TOTAL LAND |: PRIVATELY OWNED : FOREIGN-OWNED : FOREIGN-OWNED TO
STATE AREA : AGRICULTURAL : AGRICULTURAL  : PRIVATELY OWNED
OF STATE 1/ |: LAND 2/ 3 ‘LAND : AGRICULTURAL LAND
000 ACRES-~--~- ACRES PERCENT
ALABAMA 32,491 29,467 598,375 2.0
ALASKA 365,333 400 753 0.2
ARIZONA 72,645 |, 10,983 289,376 2.6
ARKANSAS 33,330 28 ,834 131,968 0.5
CALIFORNIA 100,031 47,353 906,106 1.9
COLORADO 66,301 37,527 504,372 1.3
CONNECTICUT 3,118 2,267 1,057 NEG.
DELAWARE 1,236 1,064 8,310 0.8
FLORIDA 34,658 | 26,529 610,615 2.3
GEORGIA 37,156 33,253 1,117,949 364
GUAM 135 85 336 0.4
HAWALL 4,112 1,992 59,812 3.0
IDAHO 52,744 15,166 165,804 1.1
ILLINOIS 35,613 32,326 156,387 ' 0.5
INDIANA 22,996 20,909 94,501 0.5
OWA 35,818 33,912 32,438 0.1
KANSAS 52,338 49,911 68,386 0.1
KENTUCKY 25,388 22,915 46,664. 0.2
LOUISIANA 28,494 26,463 148,856 0.6
MAINE 19,837 18,829 2,926,559 15.5
MARYLAND 6,295 5,146 47,313 0.9
MASSACHUSETTS 5,007 3,322 442 NEG.
MICHIGAN 36,450 26,117 196,578 0.8
MINNESOTA 50,911 36,204 240,424 0.7
MISSISSIPPI 30,229 26,629 347,783 1.3
MISSOURI 44,125 40,025 62,833 0.2
MONTANA 93,048 54,189 373,091 0.7
NEBRASKA 49,052 45,397 78,463 0.2
NEVADA 70,332 7,586 51,386 0.7
NEW HAMPSHIRE 5,756 4,682 111,732 204
NEW JERSEY 4,780 2,894 26,419 0.9
NEW MEXICO 77,654 34,451 465,154 1.4
NEW YORK 30,321 24,257 381,264 1.6
NORTH CAROLINA 31,259 27,321 277,225 1.0
NORTH DAKOTA 44,351 39,617 20,004 0.1
OHIO 26 243 22,979 50,206 0.2
OKLAHOMA 43,939 38,875 28,224 0.1
OREGON 61,558 25,685 418,131 1.6
PENNSYLVANIA 28,728 22,380 176 656 0.8
PUERTO RICO NA NA 1,398 NEG.
RHODE ISLAND 675 439 ° 0 0
SOUTH CAROLINA 19,330 15,932 524,800 3.3
SOUTH DAKOTA 48,609 38,241 42,014 0.1
TENNESSEE 26,339 22,901 358,846 1.6
TEXAS 167,691 156,768 971,800 0.6
UTAH 52,527 10,779 ~ 72,144 0.7
VERMONT 5,935 5,251 100,816 1.9
VIRGINIA 25,411 21,499 133,816 0.6
WASHINGTON : 42,567 23,028 403,029 1.7
WEST VIRGINIA : 15,436 - 13,744 61,145 \ 064
WISCONSIN : 34,833 : 27,637 19,110 0.1
WYOMING : 62,073 26,142 128 ,866 0.5

TOTAL : 2,265,238 1,290,271 14,037,736 11

NA = NOT AVAILABLE

NEG. = NEGLIGIBLE

1/ 1980 LAND AREA FROM GEOGRAPHY DIVISION, CENSUS BUREAU.

2/ PRIVATELY HELD LAND BASED ON T. FREY, UNPUBLISHED DATA, ECON. RES. SERV., U.S. DEPT.
AGR., 1979. ESTIMATE OF TOTAL LAND LESS PUBLIC, INDIAN, TRANSPORTATION, AND URBAN LANDS.
INCLUDES FOREST LAND, PASTURELAND, CROPLAND, RANGE, AND MISCELLANEOUS.

6



APPENDIX:

U.S, DEPARTMENT OF AGRICULTURE

ASCS-153

(08-28-84)

Agricultural Stabilization and Conservation Service

AGRICULTURAL FOREIGN INVESTMENT DISCLOSURE ACT REPORT

REPORT FORM ASCS-153 .

Form Approve
7, TYPE ACTIVITY (See Raven) (Cheek one)

A.tana Bk
Hiding Recursion L] ©

MB No, 0560-1

* Bisposition L]

Reverse Before Fill Data Below. If Additional S; D. Land Use Change E, Land Use ch
BREELEpeL ington on Revere Bete Fina Any Dat Bion Aon Soace |Dusereum cram [] Eagndmcnae te C)
TTEM l OFrice TEM
u
2, Tract Location and Description oncy | 5, Typo of Interest Held in the Agricultural Land (Check One) | CHECK
A, LEGAL DESCRIPTION OR ASCS TRACT NUMBER zi ‘A. Fee Interest (ownership) Whole
B, Fee Interest (ownership) Partial PE enr
C, Life Estate
L D. Trust Beneficiary
3, COUNTY OF PARISH Fi NO, OF ACRES E. Purchase Contract
D STATE F. Other (explain)
‘3. Owner of Tract (in item 2A) (See Reverse) i
A, NAME 6. How was this Tract Acquired or Transferred? CHECK
‘A. Cash Transaction
B, 15 NO. (Nine digite) | CHECK IF NO, B. Credit or Installment Transaction
NOT KNOWN © thnie
T_LEGAL ADDRESS (Sirect, City, State/Province, Country) = ra
D. Gift or Inheritance
E, Foreclosure
F. Other (explain)
D. Type of Owner (Check one) CHECK
1, Individual (including husband wife) 4
4. Citizenship of Individual T | 7. Value of Agricultural Land
T ‘A. Purchase Price of Land or if a land dispo- ]
2, Government (name of country) | sition, the original price paid by eller
3, Organization B, NonPurchase, Estimated Value at the ]
2 TYPE vporation Time of Acquisition s
2) Partnership | ©. What js the estimated current value or if a ]
,
3) Estate I tract disposi ny the gelling Price ou tne 8
4) Trust | D, How much of Durehase price in Item 7A |
5) Institution I remains to be paid $
6) Association | @. Dato of Acquisition or er aad rer
7) Other l Transfer (See Reverse)
b. Gov't. or country under whose | 9, Current Land Use (Usual use of land. For idle land, ACRES
Jaw the érganization is created report as other Agriculture.) Report in Whole Number
«. Principal place of business (for | >
‘organizations only) A Crop
4. List on separate sheet the Name, Address and Country of all B, Pasture
foreign persons who indivi or in the aggregate hold significant "
eres ee eabetamal control fin the person owning the land, = Forest or Tonber
E. Complete only if item 1C - Land Disposition - is checked . Other Agriculture
T. NAME OF PERSON RECEIVING TRACT £,_Non-Agriculture
F, Total (Should equal 2C)
ADDRESS (Street, Cily, State/Province, Country) 10. Intended Use as of This Date (Check One) CHECK
‘A. No Change
B. Other Agriculture
3. CITIZENSHIP "Agri
usa [] roreien[[] _uh«nown C] S_Now-Agriculture_ -
- 11, Relationship of Foreign Owner to Producer (/f applicable) CHECK
4, Representative of Foreign Person (completing form, if applicable)
FCREME ‘A, Producer is:
| 1. Foreign owner
B, ADDRESS (Street, State, Country) 2. Manager
3, Tenant or sharecropper
B, Rental agreement is:
C. TELEPHONE NO. (Area Code) 1. Acrop share
D. Relationship of Representative to Foreign Pei CHECK
penne resge mon 2, Cash or fixed rent
1. Attorney
2, Manager | 12, The Producer on This Tract is: CHECK
3. Agent l A. The same person as when the tract was acquired
“. Other (Explain on Reverse) i B. Anew person

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

J4, SIGNATURE (Owner or legally authorized representative)

TITLE

DATE

FOREIGN PERSON COPY

48


TABLE 40--ACQUISITIONS AND DISPOSITIONS OF FOREIGN-OWNED U.S. AGRICULTURAL LAND, BY DATE
JANUARY 1981 - OCTOBER 8, 1984

lacqursrrzons

DISPOSITIONS
DATE PARCELS ACRES VALUE PARCELS ‘ACRES VALUE
REPORTED | (NUMBER) | (1,000 REPORTED | (NUMBER) (1,000
(NUMBER) | DOLLARS)1/ | (NUMBER) DOLLARS) 1/
1981
January 146 59,539 101,914 50 17,651 22,711
February 145 43,351 86,163 30 10,758 16,929
March 274 2,487,908 1,919,677 al 104,857 29,639
April 170 104,109 121,639 54 50,432 35,149
May 181 136,372 219,455 48 10,162 15,130
June 190 114,621 110,173 57 50,701 35,722
July 171 109,184 178,555 51 * 31,295 41,595
August 127 88,302 108,759 39 19,814 47,756
September 145 44,002 99,484 36 4,966 8,592
October 146 98,999 62,455 45 17,885 13,751
November 127 70,304 67,189 44 21,710 17,629
December 146 112,302 105,789 59 31,258 34,446
Mutiple 2 957 1,864 1 1. 204
Total 1981 1,970 3,469,950 3,183,116 555 371,500 319,253
1982
January 181 89,405 151,593 61 31,685 42,747
February 101 52,702 74,101 31 22,847 13,662
March 136 47,626 88,566 31 7,032 11,166
April 118 54,785 66,851 36 28,631 20,502
May 14 83,502 63,474 39 9,156 26,175
June 134 63,653 61,939 45 29,245 39,608
July 132 70,247 84,882 37 11,526 18,875
August 102 189,462 90,079 28 14,721 23,350
September 66 25,350 27,812 26 5,414 5,375
October 89 37,074 33,294 42 2,829 2,702
November 80 124,215 155,182 36 18,878 64,812
December al 31,762 43,888 44 12,582 15,835
Multiple 7 5,552 3,875 0 0 0
Total 1982 1,341 875,335 945,536 456 194,546 284,809
1983
January 81 26,094 49,110 24 11,527 12,126
February 69 43,590 43,130 30 124,982 22,570
March 70 21,761 45,318 30 7,565 15,015
April 98 80,676 55,620 67 19,345 , 19,808
May 100 25,585 59,290 60 20,971 13,204
June 64 26,359 50,136 50 6,286 38,573
July 81 36,764 40,512 39 15,389 12,452
August 64 28,698 28,902 42 16,215 16,346
September 57 94,986 89,034 32 10,381 7,482
October 43 14,507 24,352 37 4,499 27,799
November \67 52,746 317,839 50 171,256 279,155
December 64 23,693 57,004 62 13,811 30,422
Total 858 475,459 860,247 523 422,225 494,952
1984
January 93 294,166 123,835 109 37,283 46,653
February 24 9,123 30,546 19 9,319 17,043
March 50 46,688 44,087 37 19,114 13,585
April 53 24,155 45,695 36 16,135 31,236
May 52 11,933 12,077 31 25,427 8,503
June 44 21,811 33,393 28 4,359 19,085
July 13 3,994 9,903 21 3,275 15,321
August 11 3,972 12,038 8 1,528 1,674
September 4 2,885 2,618 2 98 231
Total 344 418,727 314,192 291 96,538 153,331
1/ VALUE IS PURCHASE PRICE OR NoNeURGHASE PRICE (ESTIMATED VALUE).
46





TABLE 38ceDISPOSITIONS OF U.S» AGRICULTURAL LAND BY COUNTRY OF FOREIGN OWNER® BY UsS, REGION»
JANUARY LeOCTOBER By 1986
(NUMBER)

1
1 SOUTH ' WEST

(NORTH CENTRAL

COUNTRY t | ' '
| PARCELS | ACRES | PARCELS | ACRES | PARCELS | ACRES | PARCELS | ACRES

IREPURTED | (REPORTED | IREPURTED | IREPORTED |
4

a et ret

AUSTRALIA 1 \ 19 ° 0) 0 o 0
BELGIUM 1 0 0 0 0 1 a2 °
BRITISH VIRGIN ISLANDS | 2 19380 ° ° ° 0 0
CANADA 1 a 37 26 19451 ai 155 o
CAYMAN ISLANDS 1 L 132° ° ° 0) v °
CHINA 1 ° ° 1 3 ° a 0
DOMINICAN REPUBLIC 1 4 14 ° 0 0 oO 0
GERMANY (WEST) ' 1. 20749 0 0 2 266 2 23,
HONG KONG f * 158 Co) oO o , 0 cy
TRELAND t 2 240 o 0 oO 0 oO
LIBERIA 1 o 0 1 160 oO 0 i)
MEXICO ' a 17046 0 ° ° 0 °
NETHERLANDS, 1 2 45 oO 0 1 10 2 1945)
NETHERLANDS ANTILLES | 8 119291 1 420 0 0 0
PANAMA i 3 6uB 0 cy 0 v o
SAUDT ARABIA 1 " 11630 o oO 0 v oO
SPAIN 1 a 17 ° ° ° 0 °
SWITZERLAND 1 8 789 0 0 o 0 2 701
UNTTEO KINGDOM 1 a 15 6 149520 ° 0 o
VENEZUELA l b 0 0 oO 1 10 o
MULTIPLE i 7 o 0 ° 0 o
THIRD TIER 1 ou 1 588 o vo) o
'
SUATOTAL 1/ 1 209309 36 179142 16 455 6 2038
1
Us/BERMUDA 1 1 154 ° 0 0 ° o
US/CANADA 1 6 380 18 69622 ° oO 0
US/CAYMAN ISLANDS ' ry 1 ° 0 0 ° °
US/FRANCE v 8 39016 1 81 o o oO
US/GERMANY (WEST) ' 2 504 0 0 0 0 0
Us/ JAPAN ' t 1 45 ° 0 oO 0 °
US/LIBERIA ' 1 26 ° ° oO o °
US/LTECHTENSTEIN ' b oO 4 29246 ° ° °
US/NETHERLANDS, 1 4b 94009 26 229415 o 0 7 2a.
US/NETHERLANDS ANTILLES] 1 19915 oO ° oO u 1 15.
US/PANAMA f L 43 ° ° o ° 0
US/SAUDI ARABIA i) 1 18 oO oO o oO 0
US/SWITZERLAND ' 5 222 o ° ° o °
US/UNITEO KINGDOM { 26 59473 7 39035 ° ° 10 261
US/THIRD TIER 1 i 336 oO ° 0 oO o
1
SUBTOTAL 2/ i 103219144 56 349397 ° 0 18 TU,
'
TOTAL ALL I - |
LAND DISPOSITIUNS | 419453 92 519539 16 455 24 3409,

A/ TATAL INTERESTS excLunine uss. CORPORATIONS WITH FOREIGN SHAREHOLDERS.
@/ TOTAL INTERESTS OF UsS, CORPORATIONS WITH FOREIGN SHAREHOLDERS»

Land Use

Of the acres disposed in the report period, 36 percent were cropland, 30 percent
pasture, and 18 percent forest land (table 39). The largest dispositions of
cropland were made by foreign persons from the United Kingdom not affiliated
with a U.S. corporation and|foreign persons from the Netherlands Antilles which
accounted for 67 percent of |the disposed acres in this land-use category. U.S./-
Netherlands corporations disposed of the most pastureland, 70 percent of the
total. U.S./Canada corporations disposed of the greatest amount of ‘forest

land, 36 percent, followed by U.S./Netherlands and U.S./U.K. corporations, each
accounting for 20 percent of the forest dispositions.

44

cocogecsoNsoooNcccocce



Adding to this the 1,731,293 acres owned by foreign persons from Canada not con~
nected with a U.S. corporation raises Canadian ownership to 33 percent of all

of the reported foreign-held jacreage. Foreign persons from Hong Kong and

the United Kingdom (U.K.) own 1,708,418 and 1,930,240 acres, respectively, an
additional 26 percent. Foreign persons from West Germany and the Netherlands
Antilles own 1,209,854 acres (9 percent) and 788,791 acres (6 percent), re-
spectively. These five countries of origin own a total of 10,232,105 acres, or
73 percent of all reported foreign-owned holdings of U.S. agricultural land.
Approximately 3 percent of the acreage, 356,597 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 Canada, |the United Kingdom, West Germany, and the Nether-
lands own the greatest number of parcels. Foreign-persons from Canada and West
Germany account for the largest number of owners reporting.

In the South, U.S./Canada, U.S./U.K., U.S./West Germany, and U.S./Netherlands
Antilles corporations own 2,465,200 acres, or 49 percent of the foreign-held
acres in the region (table 9). Foreign persons from these four countries not
affiliated with a U.S. corporation also own 728,977 acres, or 15 percent. Six
percent of the acreage, 295,540 acres, is owned by unidentifiable Third Tier
foreign persons. An additional 632,424 acres, or 13 percent is owned by foreign
persons from France, Mexico, jand Switzerland.

In the West, U.S./Hong Kong corporations own more acres than any other single
group--17 percent. Foreign persons from Canada, the Netherlands Antilles, West
Germany, and the United Kingdom reported owning 1,871,757 acres, or 49 percent.
An additional 636,770 acres, jor 17 percent, of the foreign holdings in the West
were reported by foreign persons from Japan, the Netherlands, Panama, and Switzer-
land. :

In the Northeast, foreign persons from Canada reported owning the most acreage-~
2,262,498 acres, or 60 percent. U.S./Hong Kong corporations reported owning an
additional 973,658 acres, or |26 percent, bringing the. concentration of foreign
ownership between these two countries of origin to 86 percent of the foreign-held
acreage in the Northeast. The sizable Canadian figure is attributable to one
Canadian corporation owning 1 parcel covering 231,600 acres, one Canadian corpo~
ration with partial interests in 9 parcels covering 883,000 acres, and one U.S./-
Canada corporation owning 29 |parcels covering 887,000 acres. The Hong Kong
figure is attributable to one U.S./Hong Kong corporation which owns 25 parcels
covering 974,000 acres.

In the North Central region, |foreign persons from the United Kingdom reported
owning 522,058 acres, or 37 percent, of the total foreign-held acres reported

in the region. U.S./Hong Kong corporations and foreign persons from West Germany
and Canada reported owning an additional 466,481 acres, or 33 percent. Ten per-
cent of the acreage is owned | by U.S./Multiple entities, U.S. corporations which
have foreign owners from a number of countries, none of whom has a predominant
interest in the corporation.

Interest in Land

Of the 15,192 parcels of foreign-held U.S. agricultural land, 82 percent of the
parcels, accounting for 81 percent of the reported acreage, is held in fee inter-
est whole (that is, the owner holds the estate in its entirety). Partial inter-
ests are held in another 9 percent of the parcels and reported purchase contracts
cover an additional 7 percent of the parcels (table 10).

16



TABLE 24meFOREIGN OWNERSH

PARCELS |
IREPORTED |

deewcenanabe,

ARGENTINA
AUSTRIA

BELGIUM

BERMUDA

BRITISH VIRGIN TSLANDS
Canana

DENMARK

FRANCE

GERMANY (WEST)

HUNG KUNG

HUNGARY

Tran

JORDAN

KUWAIT

LUXEMBOURG

MEXICO

NETHERLANDS
NETHERLANDS: ANTILLES
SADT ARABIA

SWEDEN

SWITZERLAND

TANZANIA

UNTTED KINGDOM
VENEZUELA

THIRD TLFR

SUBTUTAL 7

US/BELGIIIM
US/BERMUDA
US/CANADA

Us /COLONBTA

US /FRANCE
US/GER MANY (WEST)
US/JAP at
US/LIFCHTENSTEIN
Us/ne alco
US/NETHERLANDS,
US/uETHESLANDS ANTILLES
US/PANAMA
US/SAUNL ARARIA
US/SWITZERLAND
US7UNTTED KINGDUM
US/VENFZUELA
US/MULTIPLE
US/THIRD TIER

n

w .
ONUEN ONIN EP eH Ue ECON ONS

=
&

2

Re
HH BSN CH eeu one

SURTUTAL 2/

TUTAL ALL
LAND ACQUISITIONS

TOTAL INTERESTS EXCLUDING U,|
TOTAL INTERESTS OF UsS_ CURPI

1
'
'
f
1
1
!
1
{
1
1
|
t
'
1
!
'
1
1
1
'
1
1
'
'
1
i]
i)
i}
1
!
i)
!
I
1
i)
i)
1
i)
'
1
!
'
'
1
!
1
!
t
t
'
t

v
ev

IP OF UsSe AGRICULTURAL LAND ACQUISITIUNS BY UsSe REGIONy
JANUARY 1eOCTOBER 8» 1986
(NUMBER)

1 1 "y
| paRcELs ACRES | PARCELS | ACRES.

ACPES 1 ACRES | PARCELS |

IREPURTED | (REPORTED | IREPORTED |

ewenecckeesens: oobmceceeeecd.
19449 ° 0 0 o ° 0
118 1 69762 oO ° ° oO
oO 0 Oo 1 37 1 120
o 1 112 0 0 ° °
19380 0 o 0 oO ° °
39268 8 169528 9  23.e777 ° 0
cy oO y 1 217 ° oO
104 ° ° 0 o ° 0
19,989 8 31992 1 1s 9 41569
234 0 ° 0 u ° oO
o 0 0 2 110 ° oO
112 o 0 ° C) ° °
60 0 ° 0 oO ° ry
10 oO 0 ° 0 oO 0
440 0 ° 0 0 oO °
168 2 11916 ° o 0 oO
99413 2 48 1 524 1 20
905 3 577 1 5 1 418
19380 cy) ° 0 0 o 0
oO ° ° 0 o 3 665
29406 8 416 cy 0 1 441
107337 O O o 9 oO oO
663 6 19552 0 0 ° cy)
210 o ° ° ° 1 615
19837 ° ° ° ° ° oO
459703 39 3413466 16 9 2329755 wv 79048
Beall ° ° 0 0 0 0
450 0 oO 0 o ° 0
2,657 13 51903 2 265 0 °
57 1 49 0 0 oO 0
278 1 65 0 oO 1 2
39549 0 ° 4 426 4 629
163 oO ° oO 0 ° o
163 9 oO 0 0 0 o
151 0 ° ° ° ° oO
99480 12 179905 ° oO 5 158
902 1 1465 ° 0 1 2
0 0 ° ° o 1 322
20229 9 ° oO o ° 0
69194 & 209 ° oO o o
69620 3 218 3 21267 16 19714
373 0 0 o ° 0 0
270 ° 0 ° oO ° o
240747 0 ° oO oO ° °
629294 35 269556 9 21976 268 20827
107,997 1m 58r698 25 0 2359731 45 99875

Se CURPORATIUNS WITH FOREIGN SHAREHOLDERS.
‘ORATIUNS WITH FOREIGN SHAREHOLDERS,

34



LIST OF TABLES

Table
1. U.S. agricultural landholdings of foreign owners, by State,
October 8, 1984 2. «ee ee ee ee eo we ewe eo os wwe ween
2. U.S. agricultural landholdings by type of foreign owner, October 8,
1984 6 ee wwe ew we ee wee eee eee ere wren eee vene
3. Foreign owners of U.S. agricultural landholdings by State, October 8,
1984 2 6 ew ee ee eee eee eee erence ener eee sene
4. Foreign-owned U.S. agricultural landholdings by size of holding,
October 8, 1984 2 2 eee eee eee ee eee rene err evens
5. Value of U.S. agricultural landholdings by type of foreign owner,
October 8, 1984 2. 6 ee ee eee ee eee eer ee ene een eens
6. Value of foreign-owned U.S. agricultural landholdings by date of
acquisition, October 8, 1984 . 2. 2 ee eee ee ee ew ee we ewe
7.. Value of foreign-owned U.S. agricultural landholdings by State,
October 8, 1984 2. ee ee eee ee ee ee ee eo ewer we noe
8. U.S. agricultural landholdings by country of foreign owner, October 8,
1984 2 6 ew we ee eee wee were eee eee een e evans
9. Foreign ownership of U.S. agricultural landholdings by U.S. region,
_October 8, 1984 2. 2 wee eee reer een eer er eevee vranve
10. Foreign-owned U.S. agricultural landholdings by type of interest,
method of acquisition, and owner-representative, October 8, 1984...
11. Use of U.S. agricultural landholdings by country of foreign owner,
October 8, 1984 «ee ee eee ee evr eee ener ever ever veoe
12. U.S. forest and other nonagricultural landholdings of foreign owners
by State, October 8, 1984 1. 2 ee eee eee eee eee ee eee
13. U.S. forest and other nonagricultural landholdings by country of
foreign owner, October 8, 1984 2. 2 ee eee eee eee eevee
14. U.S. forest and other nonagricultural landholdings by type of foreign
owner, October 8, 1984 . 2. 2 2 ee ee eee eee ww ww ww wee
15. Foreign-owned U.S. forest and other nonagricultural landholdings by
size of holding, October 8, 1984 . 2 2 ee ee ee eee eee ec
16. Intended use of U.S. agricultural landholdings of foreign owners,
October 8, 1984 «2. we we ee eee eee eee eee eer ee evens
17. Tenure of foreign-owned U.S. agricultural landholdings, October 8,
1984 6 www we ee ee ee ee ew eee eee reer eer evee
18. U.S. agricultural land acquisitions of foreign owners by State,

January 1-October 8, 1984 2. 2 «eee ee eee ere reer vee e

10

10

11

12

13

17

19

21

24

25

26

26

27

28

29


TABLE 16ccINTENDED USE OF UeS, AGRICULTURAL LANDHOLDINGS OF FOREIGN OWNERS»
OCTOBER 89 1984
(NUMBER )

ITEM H NO CHANGE | OTHER (OTHER NON®@ | NOT ' TOTAL
JAGRICULTURE| AGRICULTURE! REPORTED |

eencecccevecceseerecendnceeceterselecoececeenrdeeneeeteenedecreesnecenbeneacocetes

INDIVIDUALS
PARCELS REPORTED i} 41829 193 309 84 59415
ACRES i 6329821 599606 499592 59304 9479323
ORGANIZATIONS 1
PARCELS REPORTED 1 79883 328 19427 139 90777
ACRES | 1290569304 2439931 6139051 1779127 1390909413
'
TOTALS '
PARCELS REPORTED ! 129712 521 19736 223 159192
ACRES | 1298899125 3039537 6629643 1829431 1490379736
Wee cw ewe ee cce tees e coset asa ees e esses esURCCs CRESS Ere e ce enEsSeoD eC seRHoOSoSeeseases
Tenure

Tenants and foreign owners operate 33 percent and 35 percent of the parcels of
foreign-held U.S. agricultural land, respectively, whereas managers only operate
8 percent of the parcels (table 17). No responses to the tenure question were
received for the remaining 24 percent of the parcels. However, tenants operate
23 percent of the acres while foreign owners directly operate 51 percent and
managers 6 percent. No responses on tenure were received for the remaining 21
percent of the acres. Foreign owners directly operate the largest number of the
acres of U.S. agricultural land in all regions of the country.

Rental agreements were reported for 5,421 parcels, or 36 percent, covering 25
percent of the acres. Of the rental agreements, cash agreements accounted for
65 percent and cropshare agreements for 34 percent of the parcels.

Tenure Change

No tenure changes were reported for 38 percent of the parcels, or 41 percent

of the acres (table 17). Reports for 36 percent of the parcels containing 31
percent of the acres indicate a new tenure arrangement on at least part of the
land. The number of acres affected by the new tenure arrangements are not re-
‘ported. Thus, the acreage may be overstated; that is, all of the acres in these
parcels are not necessarily affected by new tenure arrangements. Nevertheless,
reports for 0.3 percent of the parcels, accounting for 0.2 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 26 percent of the
parcels containing 28 percent of the acres. ,

In the South, new tenure arrangements were reported for 48 percent of the parcels
containing 43 percent of the acres, whereas no tenure change was reported for 35
percent of the parcels and 29 percent of the acres. The North Central region
also has more acres and parcels reporting tenure changes than the West and North-
east which reported more parcels and acres with the same tenure arrangements

than new ones. However, in the Northeast, reports for 47 percent of the parcels
accounting for 49 percent of the acres did not respond to the tenure question.

27


TABLE Ge0U.S,_ AGRICULTURAL LANDHOLDINGS BY COUNTRY OF FOREIGN OWNER?
OCTOBER 8» 19846

(NUMBER)
Ce eeer nem es ose onosa caso roc on cree enennenoncousocs cence o-eceoeeusenaoeraces
COUNTRY 1 OWNERS ' PARCELS 1 ACRES
erensaotaeecncncoecseretenccneosenanononoboncorarcenomecnee: wouresesorseanace
ANDORRA i} 1 2 39742
ARGENTINA ' 4B 58 14,913
AUSTRALIA ' 15 28 30117
AUSTRIA 1 52 70 360678
GOHAMAS ' 28 42 310322
BELGIUM 1 oT 117 660467
BELIZE ! 7 9 104605
BERMUDA 1 x) 59 179923
BOLIVTA ' 2 2 ll
BRAZIL ' 4 4 39156
BRITISH VIRGIN ISLANDS | 30 46 379518
CANADA ' 20776 39216 197310293
CAYMAN ISLANDS 1 42 aT 149420
CHILE 4 4 4 521
CHINA ' 6 9 10217
COLOMBIA i} 35 39 169069
COSTA RICA 4 9 1s 1608446
cuRA 2 2 20
CZECHOSLOVAKIA 1 4 5 485
DENMARK i} 22 25 19,859
DOMINICAN REPUBLIC ‘ 11 13 29147
ECUADOR i) 26 33 10040
EGYPT 8 8 519
EL SALVADOR ! 4 4 19%
FRANCE ' 128 151 759041
GERMANY (WEST) 1 10074 19596 7269865
GREECE i) 10 13 569349
GUATEMALA ' 10 12 496
GUYANG ' 1 1 35
HONNURAS 4 ld 2S) a92
HONG KONG ' 40 65 169789
HUNGARY ' 1 2 110
INOTA ' 14 16 983
INDONESIA ' 3 4 673
IRAN t 26 29 3,880
TRAQ ' 1 1 550
TRELAND ' 13 UW 99624
TSROEL U 6 8 39962
ITALY ' 27 36 119251
IVORY COAST ! 1 1 119
JAMAICA ' 3 3 313
JAPAN 1 30 35 113,090
JORDAN 1 12 19 19549
KENYA i) 1 1 32
KOREA (SOUTH) 4 4 4 402
KUWAIT ' 8 9 19578
LEBANON ' 31 4. 139674
LIBERTA ' 23 238 339560
LIBYAN ARAB REPUBLIC ' 1 3 302
LIECHTENSTEIN ' 110 139 1085309
LUXEMBOURG ' 1 6 8 5949
MALAYSIA ' 3 6 139
MEXICO ' 233 309 2155129
mORNCCO ' 2 4 675
NAMIBIA t L 2 146

CONTINUED e@

13


TABLE 10==FOREIGN®OWNED U,So AGRICULTURAL LANDHOLDINGS
BY TYPE OF INTEREST» METHOD OF ACQUISITION»
AND OWNER@REPRESENTATIVE? OCTOBER 8+ 1984

(NUMBER)
Corn erm er tore CeO teem C ese e toro cen en mene cceen wen semeeenennaneseeneneane
ITEM | PARCELS | ACRES

a

INTERESTS |
FEE INTEREST WHOLE ' 129406 1194019341
FEE [NTEREST PARTIAL ]/ ! 19373 292310543
LIFE ESTATE | 42 79484
TRUST BENEFICIARY ! 205 1199104
DURCHASE CONTRACT 1 1900) 2219753
OTHER ! 163 560409
NO REPORT ! 2 102

'
TOTAL ( 159192 1490379736

!

METHOD OF ACQUISITIONS

CASH UNLY ! 79228 498789204
CREDIT ONLY ' 59059 294179613
TRADE ONLY t 379 2529194
GIFT/INHERITANCE ONLY 1 379 2299335
FORECLOSURE ONLY I 24 139464
QTHER METHOD ONLY ! 478 293149702
CASH & CREDIT ONLY I 19280 194020864
CASH & TRADE ONLY ' 157 292569738
CASH & ANY OTHER COMBINATION | 46 159237
NO REPORT ' 77 519375
NONCASH COMBINATIONS ! 85 2069030

|
TOTAL ! 159192 1490379736

|

OWNER@REPRESENTATIVES

ATTORNEY ! 30576 298579624
MANAGER ! 29116 294999576
AGENT ' 19324 8509708
OTHER 1 39724 296080663
FOREIGN OWNER 1 40133 497930898
NO REPORT 1 319 4279267

'
TOTAL ( 159192 | 1400370736

a a

4/ THE FEE INTEREST PARTIAL IS USED FOR THOSF PARCELS WHICH ARE
OWNED ONLY IN PART BY THE FOREIGN INVESTORS’ THAT JSy A PERCENTAGE
INTEREST LESS THAN 1N0 PERCENT.

Under the AFIDA regulations, leases of 10 years or longer are the only leases
that need be reported.3/. Leases are treated separately because they represent a
totally different type of interest. Questions on value, tenure, and method of
acquiring land do not apply because the report form was not devised to deal with
leases. The Department has received 397 reports covering a net total of 894,183

3/ 7 C.F.R. § 781.2(c) (1984).

19


TABLE 8°eU,S, AGRICULTURAL LANDHOLDINGS BY COUNTRY OF FOREIGN OWNERS
OCTOBER 8» 1984c0CONTINUED

(NUMBER )
pee c rem ene ee ncoe cect oreronoroneenocennunceenrscce-cwoeesos os ocwceseseeorces
COUNTRY i) OWNERS ' PARCELS 1 ACRES
oo — 4 eecenececweloeroceconncrcneccloececessecsesseee
US/EGYPT i 2 3 “160
US/EL SALVADOR iJ 1 1 12
US/FINLAND ' 2 ll 39047
US/FRANCE ' 70 257 3289289
US/GERMANY (WEST) ' 208 414 4820989
US/GREECE 4 4 5 69769
US/GUATEMALA 1 2 3 412
US/GUYANA 1 1 2 334
US/HONG KONG 1 8 To 106915629
US/TRAN ' 7 ll 40308
US/TIROO ' 1 2 960
US/TREVAND ' \ 1 1 186
US/ITALY ' 13 16 780021
US/ JAPAN ' 39 66 285289
US/KOREA (SOUTH) 1 1 1 75
US/KUWATT ' 2 3 766
US/LERANON ' 5 6 703.
US/LIBERTA ' 15 19 310327
US/LI®YAN ARAB REPUBLIC! 2 3 280
US/LIFECHTENSTEIN ' 57 88 620936
US/LUXEMBOURG ' 23 31 119,078
US/MAL AYSTA ' 1 1 300
US/MEXICO i} 19 24 392890
US/NETHERLANOS ‘ 1m. 575 3370279
US/NETHERLANDS ANTILLES! 129 . 205 2440612
US/NEW HEBRIDES 1 2 , 2 2,991
US/NICARAGUA i) 1 2 282
US/NORWAY ' 3 5 352
US/PANAMA ' 57 86 589290
US/PHILIPPINES J 3 3 192246
US/SAUIDT ARABIA i) 4 19 120567
US/SOUTH AFRICA ' 2 2 39309
US/SPAIN ' 9 13 50953
US/SWEDEN ' 8 9 30322
US/SWITZERLAND 1 148 285 2036478
US/TATWAN ! 39 39 49077
US/THATLAND ' 1 3 252
US/TRINTIDADETOBAGO ' 2 3 30
US/ TURKEY 1 1 2 463
US/UNITED KINGDOM 1 147 19839 105399126
US/URUGUAY i) 1 1 581
US/VENFZUELA ' 30 53 470470
US/MULTTPLE ' 27 38 1750634
US/MULTIPLE € 5% ' 3 ll 601
US/THIRO TIER 1 18 108 1700797
1
SUBTOTAL 2/ t 19621 59636 897605300
'

TOTAL ALL ! :

LANDHOLDINGS. ! 8v7246 159192 1490379736

weet erence meee ero r cnet ee ence neem coon nmenwecooe one -csenccusccousseseserenare

U/) TOTAL INTERESTS EXCLUDING U.S» CORPORATIONS WITH FOREIGN SHAREHOLDERS.
2/ TOTAL INTERESTS OF UsSe CORPORATIONS WITH FOREIGN SHAREHOLDERSo

15


TABLE L?#eTENURE OF FOREIGN=QWNED
U.S.) AGRICULTURAL LANDHOLDINGS»
OCTOBER 8+ 1984
(NUMBER )
b Laladedasladetadalad atehelatete tte tet ee ee et Tad c
TENURE | PARCELS | ACRES
soreecenerseenenewenbanennnannne come ewecnnee
CURRENT? |
FOREIGN OWNER ! 5933] 700959242
MANAGER | 19205 7659336
TENANT | 59042 392649970
NO REPORT ! 39604 299029607
; !
TOTAL I 150192 1490379736
!
RENTALS |
crop | 19821 7179960
CASH ' 39506 296919979
BOTH I 94 1129782
NO REPORT ' 49440 394199773
NOT APPLICABLE | 59331 799959242
'
TOTAL | 159192 1490370736
'
INTENDED CHANGES t
NONE | 59768 596949312
NEW | 59427 493769622
BOTH 1 43 339142
NO REPORT ! 39954 319339660
'

TOTAL | 159192 1490379736
Ce errr
Acquisitions
The data in this section are|/net figures for U.S. agricultural land acquired by
foreign persons from January|1 through October 8, 1984; that is, the total re-

ported acquisitions data through October less dispositions data for lands that
were acquired and disposed from January 1 through October 8.

Foreign persons reported that they acquired 336 parcels of U.S. agricultural land
covering 412,501 acres from January through October 8 (tables 18 and 19). In-
cluded in these acquisitions|data are reports filed by U.S. entities which became
foreign through October 8. ‘This change occurs when a 5-percent or more interest
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
acquisitions could include land held for any length of time by a U.S. entity
which recently came within the definition of foreign person under the act.

The reported acquisitions data should be regarded as preliminary in that it
understates to some degree the total acreage acquired by foreign persons through
October 8. Because foreign persons have a statutory 90 days within which to
report their acquisitions, not all of the acquisitions acquired in the 90 days
preceding October 9 were received for processing by USDA. Therefore, a number

28


TABLE 6coFOREIGNGOWNED UoS, AGRICULTURAL LANDHOLDINGS
BY SIZE |OF HOLDING, OCTOBER 8» 1984
SIZE s OWNERS | PARCELS | ACRES
(ACRES) ' (NUMBER) ‘ (NUMBER) , (NUMBEP )
wonotwnnnewnrocorotewenannenennencnntuacneennaea-ncenolensenmecnsarerons
LESS THAN 20 ‘ 20236 29355 160498
20059 ' 19479 1.690 519694
6099 ' 748 9R5 580276
10N]299 ' 19608 20117 2820746
3009999 ' 10524 20307 B4be42]
1000 OR MORE ! 19129 59738 12°7AO°1N})
i
TOTAL ' 8724 150192 140037¢736
ROP Cee rote Pee REO 08h EP e rE FOR ROSS RE TESST SEE PSG Pan aA RSE I RCE DODSEI AEM
TABLE S=oVALUE OF UoSo AGRICULTURAL LANDHOLDINGS
BY TYPE OF |FOREIGN OWNER, OCTOBER 8 19846
ea ae Tee eT eter et eterna
! ACRES ! | ACRES !
! ! WITH | PURCHASE | WITH | NONo
1 OWNERS |}|}PURCHASE lt PRICE X/ | NONo | PURCHASE
OWNER } (NUMBER) | PRICE ' (1,000 | PURCHASE | PRICE J/
' ()REPORTED | DOLLARS) | PRICE 1 (1,000
] || (NUMBER) | ) REPORTED | DOLLARS)
' ' | (NUMBER) |
pence omocecod geceecocesotpwceceenncchoooeecooncelewocsen-ssetocoserceare
!
INDIVIDUAL ! 40382 8050984 9290145 141.339 350879
CORPORATION I 20966 899890329 507829476 205930936 29081°851
PARTNERSHIP | 10089 | 101540397 194750402 1620256 1109449
ESTATE ! 15 30266 60912 705 75
TRUST ! 254 1510614 1990599 195582 79593
INSTITUTION 1 2 885 19042 9 0
ASSOCIATION 1 1 50780 199400 0 0
OTHER ! 15 7°700 40289 962 691
' °
TOTAL ! 69724 | 1101189955 894090265 209185781 2923609538
eomseecacccobccoo scone sce bewscrencenaneon essere Se soEs on DSDSETSEUbOeSs
1/. PURCHASE PRICE AND| NONPURCHASE PRICE AT TIME OF ACQUISITION.
to nonforeign or from agricultural to nonagricultural, acreage amounts in each

year are decreased by these and dispositions or status changes.

Table 7 adjusts reported curr
the discussion of table 6.

mt value by State for the same reasons given in

Because the reported current value in table 7 is

adjusted by each State's average annual change in farmland value, the total

adjusted current value will differ from that of table 6.

Simply explained, not

all land values in table 6 would have changed at the national average. Therefore,
the total adjusted current value in table 7 should be a better measure of value

than that of table 6.

The tot.

al adjusted current value by State indicates a 13-

percent increase in reported current value.

10


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. Failure
to comply with AFIDA subjécts the foreign owner to a possible civil penalty of
up to 25 percent of the faix 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, D.C., within 10 days of receipt
by the Secretary. Section 6 of the act requires that every 6 months the Secre-
tary 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. agricultural land owned
by foreign persons as of October 8, 1984. For those transactions which occurred
from January 1 through October 8, 1984, the terms "acquisitions" and "disposi-
tions" refer to U.S. agricultural lands acquired or disposed of, respectively, by
foreign persons. These tems are used as the titles for the subsequent sections
analyzing the data reported |under the act. See the later discussion, “New

Regulations," for an explanation of this October 8 date.

“Agricultural land" is defined in the act as all land used for agricultural,
forestry, or timber production purposes. The regulations further refine this
definition by including idlé land if its last use within the past 5 years was for
agricultural, forestry, or timber production purposes. The regulations exempt
all land that is held in parcels of not more than 1 acre in the aggregate from
which agricultural, forestry, or timber products are less than $1,000 in annual
gross sales and such products are for the use of the person holding an interest

in the land.

AFIDA requires reporting “any interest" in the land other than a security inter-
est (a mortgage or other debt-securing instrument). The regulations exempt
leaseholds of less than 10 years' duxation, contingent future interests, and
those noncontingent future interests that do not become possessory upon termi-
nation of the present estate. In addition, nonagricultural easements and rights-
of-way are exempt. In an interpretation issued by the U.S. Department of Agri-
culture (USDA), an interest|solely in mineral rights is also exempt.

A “foreign person," as defined in the act, includes any individual who 1) is not
a U.S. citizen or national,|}2) is not a citizen of the Northern Mariana Islands
or the Trust Territories of|the Pacific Islands, or 3) is not lawfully admitted
into the United\States for permanent residence. Any person who holds an Immi-
gration and Naturalization Service Form I-151, I-155, or 1-551 (green card) is
considered lawfully admitted for permanent residence and is exempt from the re-
quirements 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 theré 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 which 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 individual case, are ignored.



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

LANDHOLDINGS

BY COUNTRY OF FOREIGN OWNER, OCTOBER 8, 1988
(s08BE8)

t 1
COUNTRY | OWNERS | PARCELS | ACRES

----L..---------L-----------L-.

ARGENTINA t 1 1 59
AUSTRALIA 1 4 6 17
AUSTRIA ' 6 Ww 14,725
BARAMAS 1 1 1 7200
BELGIUM I 2 2 160
BELIZE ' 1 2 102
BERMUDA ' 6 7 555
BRITISH VIRGIN ISLANDS | 5 1 21,938
CANADA f 332 375 1,200,471
CAYMAN ISLANDS f 2 3 1,979
CHILE 1 1 1
DENMARK 1 q 5 1,837
EGYPT 1 2 2 85
FRANCE 1 5 a 5,813
GERMANY (WEST) 1 113 158 103,163
GREECE 1 3 3 11
HONS KONG ! 2 7 5,567
INDONESIA 1 1 1 20
TRAN 1 3 3 2u3
ITALY ! 1 1 80
JAPAN ' 1 1 200
JORDAN 1 3 4 204
KOREA (SOUTH) { 1 1 353
LEBANON 1 1 1 25
LIBERIA ' 2 2 4,299
LIECHTENSTEIN f 1 7 8,335,
MEXICO ' 3 5 2,728
NETHERLANDS ' 7 10 4,921
NETHERLANDS ANTILLES | 25 36 45,102
NEW ZPALAND 1 1 1 5
PANAMA ' 4 6 12,368
PHILIPPINES ' 3 3 196
ST VINCENT 1 1 1 20
SAUDI ARABIA f 2 2 177
SUITZERLAND 1 16 29 31,866
SYRIA 1 2 2 147
TURKS ISLANDS ' 1 1 5
ORSTED KINGDOM i} 21 33 121, 381
VENRZURLA 1 10 12 2,183
VIETNAM 1 1 1 152
MULTIPLE 1 5 5 3,005
THIRD TIER i 1 424 183,981
t
SUBTOTAL 1/ wt 613 1,194 1,786,432
i
- US/AUSTRALIA 1 1 1 315
US/AUSTRIA t 2 3 360
US/BABAMAS 1 1 2 3,384
OS/BELGTUM | 3 4 4,978
US/BERMUDA 1 4 9 6,523
US/BRITISH VIRGIN 1
ISLANDS ! 1 5 9,585
US/CANADA 1 35 536 2,524,805
US/DENMARK f 2 2 386
US/PINLAND ' 2 1 3,007
US/PRANCE { 9 57 163,955
US/GERMANY (WEST) 1 16 42 23,052
US/HONG KONG i 1 62 1,685,170
US/JAPAN 1 7 19 9,545
WS/LIBERIA 1 4 4
US/LT ECUTENSTELN { 2 3
US/LUXEMBODRG 1 1 1
US/NETHERLANDS 1 10 26
US/NETHERLANDS ABTILLES! 6 15
US/HORWAY i 1 1
US/PANAMA t 6 9
US/SAUDT ARABIA 1 1 5
US/SPAIN 1 1 1
US/SWITZERLAND 1 9 12
US/ONITED KINGDON ' 49 1,116
US/VENRZOELA ' 1 1
US/KULTIPLE ' 3 W 160,382
US/THIRD TIER f 1 86 131,757
1
SUBTOTAL 2/ ! 179 2,039 5,778,111
!
TOTAL !

792 3,233 7,564,543

1/ TOTAL INTERESTS EXCLODINS U.S. CORPORATIONS WITH
FOREIGN SHAREHOLDERS.
2/ TOTAL INTERESTS OP U.S. CORPORATIONS WITH POREIGN
SHAREHOLDERS.

25 a


TABLE 11--USE OF U.S. |ASRICULTURAL LANDHOLDINGS BY COUNTRY OF FORBIGH OWNER,
OCTOBER 8, 198%--CONTINGED
(ACRES)
1 1 1 i) 1 1
couNTRY ( CROPLAND || PASTURE {| POREST. | OTHER {OTHER HON- | ND USAGE | - ToraL
' i 1 JAGRICOLTURE|ASRICOLTURE| REPORTED |
t A. ---L.. 1 : en L ------Le.
i)
THeks ISLANDS I 1,100 204 19 171 86 0 1,580
UNITED ARAB EMIRATES = | 287 432 100 1,982 F) 0 2,801
UNITED KINGDOM t 1,658 165,865 126,731 17,856 9,009 0 391,119
URUSORY i 3,020 7,916 490 0 1,033 ° 12,459
U.S. S.R. t 204 130 177 55 269 0 335
VE¥220FLA I 9,467 4,957 5,560 2,407 4,110 0 26,505
VIETNAM t 0 0 152 0 o ) 152
YUGOSLAVIA t 150 0 10 0 . 1 ) 151
MULTIPLE t 5,963 8,688 3,257 1,489 2,005 160 21,562
MULTIPLE < 5% 1 510 0 0 0 0 0 51
THIRD TIER 1 648 387 184, 643 105 7 0 185,800
1
SUBTOTAL 17 1 1,206,725 | 1,483,963 1,973,340 297,409 314,330 1,669 5,277,436
1
US/ARGENTINA 1 421 2,931 ° 0 208 0 3,560
US/AUSTRALIA f] 308 304 315 7 135 0 1,119
US/AUSTRIA I 1,905 12,480 554 0 28 0 14,967
US/BAHAMAS I 16, 160 5,803 4,291 10,260 959 0) 37,473
US/RELGION I 18,525 34,873 5,788 1,552 2,785 0 63,523
US/BERMUDA I 1,728 1,386 13,673 7,720 10,465 0 34,972
US/BRAZIL I 2,481 0 0 301 320 0 3,102
US/BRITISH VIRSIN 1
ISLANDS 1 662 10,275 204 199 0 12,029
US/CANADA ( 56,830 2,605,091 21,961 59,445 0° 2,863,435
US/CAYMAN ISLANDS ' 13, 893 5,736 1,858 909 0 26,225
WS/CHINA ' 864 0 0 6 0 870
US/COLOMBIA ' 333 50 0 0 0 2,390
US/DENMARK 1 292 1,301 10 6 0 1,844
US/ECUADOR 1 0 0 0 0 0 1,559
US/EGYPT t 0 0 113 7 ry)
US/RL SALVADOR t 12 0 0 0 0
US/PINLAND 1 0 2,975 0 12 0
US/PRANCE 1 22, 615 221,156 23,576 17,212 0
.US/GERMANY (WEST) l 114,479 264,765 39,412 14,387 49,556 390
S/GREECE i 23 3,531 0 0 3,215 0
US/GUATEMALA t 0 392 0) 20 0 0
US/GUYANA I 0 0 0 334 0 0
US/HONG KONG 1 1,113 5,319 1,685,170 0 27 0
US/IRAN 1 1, 183 1,087 905 TMm 402 )
US/TRAQ 1 800 0 0 0 169 0
US/TRELAND ! 63 97 9 17 2 0
US/ITALY f 16,558 14,322 29,503 6,487 14,111 0
US/JAPAN . 1 9,410 1,384 12,137 1,524 3,834 0
US/KOREA (SOUTH) { 0 63 0 0 12 0
US/KUWAIT ! 428 310 0 0 28 0
US/LRBANON I 200 190 133 209 21 0
US/LIDERIA t 2,220 18,852 4,830 1,951 3,470 0
US/LIBYAN ARAB REPUBLIC! 0 0 0 277 3 0
US/LIECHTENSTEIN 1 35, 363 “4,858 8,085 3,213 14,417 0 62,935
US/LUXEMPOURG ! 12, 882 47,317 4,820 46,374 7,685 0 119,078
US/MALAYSTA . 1 0 0 0 300 0) 0 300
US/MEXICO 1 3,134 27,342 1,032 6,010 2,372 0 39/890
US/NETHERLANDS 1 47, 355 152,694 77,112 20,750 39,368 0 337,279
US/NETHERLANDS ANTILLES! 94,307 108,587 15,532 11,593 14,593 0 248,612
WS/NEW HEBRIDES i 1, 300 1,533 0 ° 158 0 2,991
US/NICARAGUA I 0 242 40 0 0 0 282
US/NORTAY 1 30 140 58 58 0 352
US/PANABA 1 22,614 7,937 3,109 1,494 0 58,290
“US/PHILIPPINES { 59 0 0 385 0 1,224
US/SAUDI ARABIA 1 4,024 3,281 0. 4,740 0 12,567
US/SOUTH AFRICA t 1,831 178 50 50 0 3,309
S/SPAIN i 1,931 1,568 192 15 0 5,953
US/SWEDEN I 313 114 0 724 t) 3,322 5
US/SWITZERLAND 1 46,748 30, 369 22,648 12,929 0 . 203,478
US/TAIWAN i 0 15 0 0 0 2077
_US/THATLAND t 0 0 7 0 0 252
US/TRINIDAD & TOBASO | 0 0 CY) 0 0 30
US/TURREY I 93 0 0 0 ° 443
US/UNITED KINGDOM t 300,926 996,757 60,336 108, 152 205° 1,539,126 |
US/URUGUAY 1 0 ) 0 23 0 581 |
US/VENEZUELA 1 998 1,176 369 3,137 0 47,470
US/MOLTIPLE 1 4,926 160,593 636 1,440 0,175,434
US/MULTIPLE < 5% ! 26 0 68 237 0 601
US/THIRD TIER { 2,839 133,603 263 4,984 0. 170,797
i)
SUBTOTAL 2/ { 758,379 | 1,267,526 6,085,696 269,545 378,559 595. 9,760,300
t
TOTAL ALL '
LANDIOLDINGS 1 1,965,104 | 2,751,489 8,059,036 566,954 692,889 2,264 14,937,736 .
1/ TOTAL INTERESTS EXCLUDING U.S. SORPORATIONS WITH POREIGN SHAREHOLDERS.
2/ TOTAL INTERESTS OF U.S. CORPORATIONS WITH FOREIGN SHAREHOLDERS.
22



Table : Page

37. Dispositions of U.S. agricultural land by country of foreign owner,
January 1-October 8, 1984 . 2 «s+ eee ee eee ree ere eve ee 43

38. Dispositions of U.S. agricultural land by country of foreign owner,
by U.S. region, January 1-October 8, 1984 . 2 2 «ee ee ee weve 44

39. Dispositions of U.S. agricultural land by country of foreign owner,
by use, January 1-October 8, 1984 . 2 2 oe eee eee eee e reeves 45

40. Acquisitions and dispositions of foreign-owned U.S. agricultural
land, by date, January 1981-October 1984 . 2. 2 eee eee cevee 46

vii


Table

19.
20.
21.
22.
23.

(24.

25.

26.
27.
28.
29.
30.
31.
32.
33.
34.
35.

36.

U.S. agricultural land acquisitions by type of foreign owner,
January 1-October 8, 1984 . 2. 2 2 2 ee ee we eee ee ee ee

Foreign owners of U.S. agricultural land acquisitions by State,
January 1-October 8, 1984 «ss + ee ee ee eee eee eee ens

Foreign-owned U.S. agricultural land acquisitions by size of acqui-
sition, January 1-October 8, 1984 2 ew ew ee ew ww ww ww we ew ew

Value of U.S agricultural land acquisitions by type of foreign owner,
January 1-October 8, 1984 . «ee © © © © ee ee ee ew ee ee ww

U.S. agricultural land acquisitions by country of foreign owner,
January 1-October 8, 1984... eee eee ee ee eee ee ene

Foreign ownership of U.S. agricultural land acquisitions by U.S.
region, January 1-October 8, 1984 . » e+» © © © © © © ee ee we ww

Foreign-owed U.S. agricultural land acquisitions by type of interest,

method of acquisition, and owner-representative, January 1-October 8,

1984

Use of U.S. agricultural land acquisitions by country of foreign

owner, January 1-October 8, 1984

U.S. forest and other nonagricultural land acquisitions of foreign
owners by State, January 1-October 8, 1984

U.S. forest and other nonagricultural land acquisitions by country of
1-October 8, 1984 .

foreign owner, January |

U.S. forest and other nonagricultural land acquisitions by type of

foreign owner, January

Foreign acquisitions of

size of acquisition,

Intended use of U.S.
January 1-October 8,

Tenure of foreign-owned

January 1-October 8, 1984...

October 8, 1984 .

U.S. forest and other nonagricultural land by
January 1-October 8, 1984

agricultural land acquisitions of foreign owners,
1984 .

U.S. agricultural land acquisitions,

Dispositions of U.S. agricultural land by type of foreign owners, by

State, January 1-October 8, 1984...

Dispositions of U.S. agricultural land by foreign owners, by citizen-—

ship of purchasers, January 1-October 8, 1984 . 2 + + ee ele ee ee

Dispositions of U.S. agricultural land by type of foreign owner,

January .1-October 8, 1984.2...

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

disposition, January 14October 8, 1984

vil

30

32

32

33

34

35

36

38

38

39

39

39

40

41

42

42

42


TABLE 60eVALUE OF FOREIGN©OWNED UeS, AGRICULTURAL LANDHOLDINGS
BY DATE OF ACQUISITION, OCTOBER a» 1984

' 1 i} ACRES | ! ACRES i}
' ' i} WITH | PURCHASE | WITH i} NUNS
NATE | PARCELS I ACRES 1 PURCHASE | PRICE J/ J NONe© 1 PURCHASE
ACQUIRED | (NUMRER) | (NUMBER) 1 PRICE 1 (19900 | PURCHASE | PRICE J/
i) 1 ' | REPORTED | DOLLARS) | PRICE | (19000
' ' 1 (NUMBER) 1 | REPORTED |! DOLLARS)
1 ' ' 1 1 (NUMBER) I

es es a a re oe

!
19R4 1 4129501 3689739 2280030 439762 699699
1983 ' 4529315 4159383 6600214 369932 329980
19RQ i} 8230918 5749239 7809663 2499679 899208
1981 1 31069613 190219365 192729374 290859248 197860979
1980 i) 191599626 191979408 193419548 520218 95+063
1979 ' 203620992 292949166 = 197360348 684826 1029498
1978 ' 6679618 6559733 8A39503 119885 119954
1977 1 6209645 6099659 4770340 109986 79343
1976 ' 5220948 2599616 840278 110768
1975, ' 29 1439231 59094 39150
1974"70 1 7699496 7089061 4569427 610435 139624
1969260 ' 193539185 192539404 1770415 999381 80197
BEFURE 1960 1 104759472 193669415 669564 1099057 49055
NU REPORT 1 189843 189843 5992 0 0

'

TuTAL a 159192 1490379736 1191189955 894090265 299180781 292369538

' Leaheaechaahed adeeb echenetehabetatatetenabaled belabelehebabatobebatahaladabeateleedebatalel dated hahaa deledehelebdebetetebteketetl

'

‘ ACRES 1 REPORTED 1 ADJUSTED

' WITH 1 CURRENT 1 CURRENT

1 CURRENT ' VALUE 2/ i} VALUE 3/

' VALUE 1 (19000 1 (19000

4 REPURTED i} DOLLARS) ' DOLLARS)

' (NUMBER) !

| Tontecoc neem conn ewmnnolacwnwenenseneennencnenatencemnccsonenenncceeene
19R4 ! 4129296 29049727 2949727
1983 i) 4500760 6989979 | 6919989
1982 i} 239200 8799893 8449697
1981 ! 300R60995 390059873 297959462
1980, 4 100509182 191999500 191639515
1979 i) 2921493467 195520391 196769582
1978 ' 5599137 969791 9799334
1977 1 4709626 6659499 7189739
1976 ' 4579866 3179526 3429928
1975 t 2179795 1736593 187¢480
1976270 ' 6959824 5520686 5960901
1969200 ' 9089926 3759845 3410113
HKEFORE 1960 | 6239614 1659262 1789483
Ny REPORT ! 189683 89328 81994

'

TOTAL ' 1198980251 1097369893 1098209945

i
Perec ren meenemncnc enn oto weno tonne wens rc eeeneneern erereenreneserenncorononceece

2/ PURCHASE PRICE ANG NONPURCHASF PRICE (ESTIMATED VALUE) AT TIME OF
ACQUISITION,

2/ REPORTED CURRENT VALUE REFLECTS VALUE AT TIME UF REPORTING AFTER FEBRUARY le
19796

Q/ REPORTED CURRENT VALUE ADJUSTED TO APRIL 1» 1984. REPORTED CURRENT VALUE FOR
HULDINGS ACQUIRED IN 1984 TS UNADJUSTED.

Country of Origin. Of the 14,037,736 acres of foreign-held agricultural land
reported by foreign persons, 62 percent is held by U.S. corporations with foreign
interests. The remaining 38 percent is held by foreign persons not connected
with a U.S. corporation (table 8).

U.S. corporations with Canadian interests own the largest amount of reported
foreign-held acres of U.S. agricultural land, 2,863,435 acres, or 20 percent.

il


Foreign Ownership of U.S. Agricultural Land
Through December 31, 1984

J. Peter DeBraal
T. Alexander Majchrowicz

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

INTRODUCTION

Foreign individuals and entities reported owning 14 million acres of U.S.
agricultural land as of October 8, 1984, an amount that represents slightly more
than 1 percent of all privately owed U.S. agricultural land. Because of changes
in the reporting requirements which became effective October 9, 1984, this 14-
million-acre figure and the data analysis and accompanying tables in this year's
report reflect information received only through October 8, 1984. The changes in
the reporting requirements and a preliminary tabulation of the data received from
October 9 through December 31, 1984, are presented under "New Regulations."

Summary of the Act

The Agricultural Foreign Investment Disclosure Act (AFIDA) was signed by the
President on October 14, 1978, 1/ and the regulations thereunder became effective
February 2, 1979. 2/ Briefly, the law, as implemented by the regulations, re-
quires all foreign persons holding agricultural land as of February 1, 1979, to
file.a report of such holdings with the Secretary of Agriculture by August 1,
1979. All foreign persons who acquire or dispose of agricultural land on or
after February 2, 1979, are required to report such transactions within 90 days
of the transfer. In addition, any foreign person who holds land which subsequent—
ly becomes agricultural land or any person who holds agricultural land who
subsequently becomes 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 in-
dividual or a 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; and in-
tended use. Jn the case of a disposition, the seller is required to give the

*This report was prepared by J. Peter DeBraal, general attorney, and
T. Alexander Majchrowicz, agricultural economist, in the Natural Resource Econo-
mics Division, Economic Research Service. Gertrude Butler and Karen Mizer, Data
Services Center, ERS, provided the data processing assistance. Laura Crenshaw
prepared the manuscript.

1/ Pub. L. No. 95-460, 7 U.S.C. §§ 3501-3508 (1982).

(2/ 7 C.FeR. §§ 781.1-.5 (1984). See 7 C.F.R. §§ 2.21(b)(34), 227(b) (15),
~65(a) (34), and .85(a)(15) (1984) for the delegation of authority.

1


TABLE 9--FORRIGH OWNERSHIP OF U.S. AGRICULTURAL LAUDHOLDINGS BY O.S. REGION,
ocroBER 8, 1984
(UOMBER)

1
1 NORTREAST
counTRY '

1

1

1
ANDORRA 1 0 0) 2 3,742 0 0 t) 0
ARGENTINA ! 43 7,730 8 5,107 4 2,076 0 9
ANSTRALIA 1 7 2,561 5 395 3 29 3 132
AUSTRIA ! 45 19,144 9 14,087 4 4 12 3,336
BAHAMAS I 32 5,316 6 16,345 2 321 2 9,340
RELGIOM t 34 12,304 56 51,817 24 1,142 6 1,294
RRLIZE 1 5 1 1 25 0 C) 3 1,216
DERNIDA 1 10 -11,235 5 978 "1 2,984 33 2,726
BOLIVIA ! 2 1 0 0) 0 ° 0 0
BRAZIL 1 3 1,001 1 2,155 C) 0 0 0
BRITISH VIRGIN ISLANDS | nM 7,681 4 4,243 5 7,998 5 17,536
CANADA 1 438 © 101,633 1,248 306,172 1,329 1,261,636 208 = 61,852
CAYMAN ISLANDS 1 31 8,038 4 611 2 80 10 5,591
CHILE 1 2 276 1 5 0 0 1 240
CHINA ! 4 126 2 263 0 9 3 828
COLOMBIA i 380 15,969 0 0 0 0 1 100
COSTA RICA 1 13 5,994 2 10,850 0 0 0 0
“CUBA 1 2 20 0 0 0 0 0
CZECHOSLOVAKIA ' 2 30 ) 0 0 3 455
DEWRARK 1 3 298 u 17,079 1 680 4 1,302
DOMINICAN REPUBLIC ! 4 68 0 0 0 0 9 2,079
ECUADOR 1 33 1,040 0 0 0 0 0 r)
ESYPTM 1 6 rors 1 97 0 0 1 a
EL SALVADOR 1 4 194 0 0 o 0 0 2
FRANCE 1 80 24,384 36 32,619 24° 13,263 u 4,775
GERMANY (WEST) 1 725 321,912 377-244, 356 1420 33,769 352 126,828
GRRECE 1 7 54,783 1 1,217 2 116 3 233
GUATEMALA 1 8 203 1 9 3 274 0 0
GUYANA 1 1 35 0 0 0 0 0 r)
HONDURAS 1 W 892 0 t) 0 C) 0 0
HONG KONG 1 23 5,442 32 8,330 7 2,350 3 667
HUNGARY 1 0 0 0 0 2 419 0 0
INDIA t 9 562 6 398 1 23 0 0
INDONRSTA ' 3 621 1 52 0 0 0 0
TRAN 1 5 480 10 977 6 1,184 8 1,279
IRAQ ' 1 550 0 0 0 0 0 ty)
IPRLAND ! 8 5,568 1 3,600 4 22 4 434
ISRAEL 1 4 3,335 1 61 1 159 2 407
ITALY 1 18 7,808 9 2,081 4 756 5 606
IVOFY COAST ! 0 0 0 0 1 119 0 0
JAMAICA ! 3 313 0 ° ° 0 0 0
JAPAN 1 4 217 27° 112,767 9 0 4 196
JORDAN 1 1 428 7 831 2 229 3 61
KENYA i 1 32 0 0 0 0 0 0
KOREA (SOUTH) 1 2 368 2 34 0 0 0 0
RUWATT I 3 442 2 224 1 217 3 695
LERANON 1 G 5,990 10 2,593 4 705 12 4,386
LIBERIA ! 8 1,520 13 26,321 6 5,605 1 114
LIAYAN ARAB REPUBLIC { 1 15 0 0 2 287 0 0
LIFCHTENSTEIN 1 57 46,671 50 54,634 5 2,298 7 4,705
LUXRHBOURG 1 6 5,404 2 505 0 0 0 0
MALAYSIA 1 5 130 0 0 1, 9 0 °
MEXICO ' 280 172,231 18 © 40,612 7 1,165 4 1,121
Horocco 1 0 0 0 0 3 515 1 160
NAMIBIA { 2 146 0 0 0 0 0 0
NETIFRLANDS, ! 149 65,865 473 58,633 34 9,157 56 13,570
NRTHERLANDS ANTILLES = | 306 © 256,930 145 244,967 43 9,753 53 32,529
NEW 2PALAND I 0 0 6 367 0 0 0 0
NICARAGTA ' 3 1,308 0 ° 0 0 C) 0
NIGERIA t 1 1W 0 0 9 ) 0 0
NORWAY 1 4 652 3 345 0 0 22 6,146
OMAN 1 4 187 1 262 0 0 0
PARISTAN t 0 ° 9 2,171 0 C) 0
PANAMA 1 148 86,635 360 63,317 12 4,298 a 7,301
PERU ! 20 205 1 81 1 15 1 186
PHTLIPPINES t 12 962 30 1,615 0 0 3 156
POLAND I 0 0 0 0 1 147 0 0
PORTUGAL 1 0 ) 4 416 1 385 0 0
ST VINCENT ! 3 1,318 0 0 1 1,319 0 0
SAUDT ARABIA t 29 7,106 6 8,714 0 0 4 505
SINGAPORE 1 1 40 6 1,389 1 480 0 0
SOUTH AFRICA t 2 20 2 20 1 209 0 0
SPAIN ! 7 1,108 7 B49 t) 0 3 585
SWEDEN 1 WW 995 3 4,832 1 67 9 1,574
SWITZERLAND ' 245 139,722 63 52,346 63 44,100 49 24,416
SYPIA 1 4 3,476 1 194 2 334 0 0
AIWAN ! 3 1,326 12 1,485 9 0 0 0
TANZANIA f 2 20,421 0 tC) 0 i] 0 °
TUAILAND 1 1 127 0 0 0 0 1 y
TRINIDAD & TOBAGO ! 2 679 1 988 0 F) 0 )
TURKEY i 0 0 1 38 0 0 1 520
--- - conrrnogp --

H
NI


United States

Research

Economics

Foreign Ownership of

U.S. Agricultural Land

Through December 31,
1984 —

J. Peter DeBraal
T. Alexander Majchrowicz


TABLE 32=eTENURE OF FOREIGN@OWNED U.S. AGRICULTURAL LAND ACQUISITIONS»
JANUARY L#OCTOBER 8+ 1986

C lanl alee ahah at ead heath aheeberdehahaedatel tedeletetetetelededaltledehel bedded heheh ttt td

| PARCELS { ACRES ! VALUE
TENURE | REPURTED | (wumeeR) I (19000
1 (NUMBER) | 1 DOLLARS) yy
srereenerencnenennsennennbennnerernnwennalanenenesnsseeccleosoonscocerene
CURRENT® 1
FOREIGN OWNER ! 137 2810819 1199641
MANAGER | 25 79198 139114
TENANT \ 119 4120045 1379842
NO REPORT | 55 119439 279132
|
TOTAL I 336 4120501 2979729
I
RENTALS |
cRoP ! 27 269547 339800
CASH | 92 629687 830605
BOTH | 2 220467 169815
NO REPORT t 78 18998) 439868
NOT APPLICABLE | 137 2819819 1199641
'
TOTAL \ 336 412950) 29709729
1
INTENDED ‘CHANGES !
NONE | 128 1139627 1339367
NEW ! 154 2899520 1399906
BOTH ! 2 267 20032
NO REPORT ' 52 90087 220424
|
TOTAL 1 336 4129501 2979729

eee ewemecerenceroreena eb wnewemenansescorcnenenencesecso-cocccsccotsemne

1/ VALUE IS PURCHASE P

Dispos

RICE OR NONPURCHASE PRICE (ESTIMATED VALUE).

itions and Land-Use Changes

Data in this section are deriv
persons who disposed of U.S. a:
out of dgriculture from Januar:
96,538 acres and land-use chan

For the same reasons noted at
reported data for dispositions
liminary.
were not required to be filed

Characteristics of Foreign Owns

ed from the 291 reports (table 33) filed by foreign
igricultural land and 3 reports for land-use changes
'y 1 through October 8, 1984. Dispositions totaled
ges out of agriculture occurred for 3,203 acres.

the outset of the acquisitions discussion, the
and land-use changes should be regarded as pre-

Reports that were not timely filed and/or completed, or statutorily

by October 9,are not included.

ers Disposing Land

Type of Foreign Owner. The la

Colorado and covered 29 percent

The greatest number of disposi;
of the parcels and 18 percent
dispositions during the period|

gest amount of acres which were disposed was in
it of the total dispositions acreage (table 33).
tions occurred in Texas, accounting for 22 percent
£ the acreage. Twenty-four States reported no

40



another U.S. corporation which is 5 percent or more owned by a Canadian corpo-
ration is processed as "U.S1/Canada." Where foreign shareholders with 5—-percent
or more interests are from a number of countries, none of which predominates,
the report is processed as [U.S./Multiple." If several foreign persons from
different countries cumulatively own 5 percent or more of the U.S. corporation
and no single person owns a|5~-percent or more interest and there is no predomi-
nant foreign country, the report is processed as "U.S./Multiple < 5%." If three
or more tiers of U.S. corporations are listed with no foreign interest indicated,
the report is processed as iu. -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 standpoint of the U.S. entity rather than that of the
foreign shareholder.

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
concept is intended to ease|/the reporting burden.

All of the 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 holé land in their own names
and also hold interests in entities which own other lands. These entities are
treated as separate owners.

The data in this report should be viewed in light of the foregoing caveats and
those accompanying the tables. Reporters' errors must also be considered in
reviewing this study. Result ing data deficiencies are noted and highlighted as
appropriate. The “No Report" category in the tables means that a response to
the particular question was|not made. Note that the acreage figures reported

do not mean that they are wholly owned by foreign investors. Of the 14 million
foreign-owned acres, 62 percent are owned by U.S. corporations that are 5-percent
or more foreign owned (table 8). In addition, a number of acres are owned only
in part by foreign investors. See, for example, table 2, which gives the acreage
equivalent for those foreign owners reporting partial interests in the real
estate. These partial interests reduce the 14 million acres of foreign holdings
of U.S. agricultural land to an equivalent of 12.6 million ‘acres.

ANALYSIS OF DATA REPORTED UNDER THE ACT
Holdings

Data in this section are derived from the 15,192 reports filed by foreign persons
who held land as of October/8, 1984. These report forms 2ccount for 14,037,736
acres of all U.S. agricultural land. This is an increase of 298,134 acres over
last year's figure. This 298,134-acre increase is less than the 412,501 acres
acquired from January 1 through October 8, 1984, as reported in the acquisitions
discussion. Dispositions filed in 1984 for land disposed prior to 1984 are the
reasons for this occurrence



Each foreign entity holding land is required to file a report. Therefore, if

two individuals own land as a partnership, the partnership is to file one report
as a partnership, with the partners’ names and citizenship listed on the back of
the form. Occasionally, however, two people will file as individuals, each
filing a separate report on the same land with a partial interest of, for example,
50 percent listed on each form. Because it is not always possible to distinguish
separate reports for the same land, two such individuals cannot be differentiated
from one partnership. This may occur when there is no legal partnership but
individuals own the land as tenants in common. If they file together on one
form, they are automatically considered a partnership. 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 reporting 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.
(The regulations define “significant interest or substantial control" to mean a
5-percent or more interest in the entity.) 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 indirect foreign owner of the real estate may be at the end

of a line of U.S. entities, each of which is owned at least 5 percent by the
preceding U.S. entity defined to be a foreign person.

Under the regulations, the reporting entity is required to disclose, in addition
to information about the land, certain information about the second-tier inter—
est. The regulations also provide that the second-tier interest may be asked to
disclose information about the third tier. Some respondents have given infor-
mation on tiers beyond those required to be reported without being requested to
do so. In those cases, the information on the last tier is used.

According to the regulations, the reporting entity, whether U.S. or foreign,
must, if such entity is a person other than an individual or government, provide
information (names, addresses, citizenship, and the nature of the entity) on all
foreign persons individually holding a 5-percent or more interest in the entity.
This 5-percent standard differs from the standard for determining whether or not
an entity is required to file at all. In the latter instance, if several foreign
persons cumulatively own 5 percent or more of the entity, and no single indi-
vidual owns a 5-percent interest, the entity is defined as a foreign person and
is required to file'a report. However, such an entity may not be required to
list the names, addresses, and related information about the foreign holders |
individually holding less than 5 percent of the entity.

When the foreign person is an individual from, or an entity created under the
laws of, for example, West Germany, the report is processed as "Germany (West).”
Where persons from many different countries hold direct and indirect interests
in one piece of land, an attempt’ is made to identify the predominant country as
the country of origin. When there is no predominant country--for example, an
equal partnership between a Canadian and a West German--the report is processed
as "Multiple." Reports filed by U.S. corporations with foreign shareholders are
classified "U.S./(foreign country)." For example, a U.S. corporation with a
Canadian shareholder who owns 5 percent or more of the shares of the U.S. corpo-
ration is processed as "U.S./Canada." Similarly, a U.S. corporation owned by


percent of the total acreage, which were reported as being acquired by "Credit
Only." The “Cash and Credit: Only" category contains reports for only 7 percent
of the parcels but 63 percent of the acreage.
the "Cash and Credit Only" lcategory is attributable to one acquisition covering

231,600 acres.

Land Use

This sizable acreage figure in

Of the acres acquired from January 1 through October 8, 1984, 66 percent were
Cropland, pasture, and other agricultural land totaled

forest land (table 26).
127,978 acres, or 31 percent of the acquisitions.
acquired was reported in the "Other Nonagriculture"

category.

Three percent of the acreage
Except for Canada,

no foreign country of origin had exceptionally noticeable acquisitions among the

various use categories.

The sizable Canadian figure is attributable to one

acquisition of forest land covering 231,600 acres.

TARLE 26e0USE OF U.Se AGRICULTURAL LAND ACQUISITIONS BY COUNTRY OF FOREIGN OWNER»
YANUARY 1eOCTOBER By 1986

COUNTRY

ARGENT IVA
AUSTRIA
HELGTUM
REP MUDA

ARTTISH VIRGIN ISLANDS

CANADA
DENMARK

FRANCE

GERMANY (WEST)
HONG KHNG
HUNGARY

TRAN

JORDAN

KUWATT
LUXEMBOURG
MEXICO
NETHERLANNS,
NETHERLANDS ANTILLES
SAUDT ARABTA
SWEDEN
SWITZERLAND
TANZANIT A

UNITED KINGDOM
VENEZUELA

THIKD TIER

SUBTOTAL 4/

US/@FLGIUM
US/BFRMUDA
US/CANADA
US/COLOMB TA
US/FRANCE
US/GER MANY (HEST)
US/JAP AN
US/LTECHTENSTEIN
US/HEXTCO
US/HETHERLANDS,

US/WETHERLANDS ANTILLES

US/Pariana
US/Saunt ARABIA
US/SWITZERLAND
US/UNITED KIGHOM
US/VENEZUELA
US/MULTIPLE
US/THIRD TIER

SUBTUTAL 2/7

TUTAL ALL
LAND ACQUISITIONS

| CROPLAND
1

eee See

monde.

69830

469753)

0]

9}
84)
49)

2
27605)
163
714

)

892
106
322
19189)
31694
867
373
260
17/700

299220

759973

PASTURE

527
99303
Bas
135

o

169853

199359

66
19455
eu8

0

0

°

239359

420212

(ACKES)

FUREST

0

115

0
110u6
634

0

oO

52.
19034
°

o
19837
2439014
Bv41l
267
89761
°

0
19163
0

0

0
39929
°

0

290
150
1622
°

oO
29630

269223

2719237

(OTHER

31286

99788

i}
JOTHER NON® | NO USAGE
TAGRICULTURE | AGRICULTURE! REPORTED

39728

.
o
etonocooo

2
>
Roe
e

oO

89
279
19029
0

10
OyOlT
89563

120291

4/  JUPAL INTERESTS EXCLUDING UsSe CURPORATIONS WITH FOREIGN SHAREHOLDERS,
2/ TOTAL INTERESTS UF U.S» CURPORATIONS WITH FOREIGN SHAREHOLUERS«

36

Socecccce

1001

e0000000000000c0

3
8
3

© eces00000000000000

11000

TOTAL

19449
69680

26e74T
929652

4129501

me



TABLE) 12--U.S. FOREST AND OTHER
NONASBICULTURAL
LANDHOLDINGS OF FOREIGN OWNERS BY STATE,
OCTOBER 8, 1984
(HUMBER)
1
STATE 1
AND U.S. | PARCELS ACRES
TERRITORY I
ALABAMA i 374 524,484
ALASKA 1 1 337
ARIZONA f 2 95
ARKANSAS 1 13 3,896
CALIFORNIA f 15 232,857
COLORADO l 6 5,577
CONNECTICUT 1 1 25
FLORIDA 1 51 71,534
GEORGIA f 559 863,968
HAWAII 1 1 84
IDAHO 1 12 145,261
ILLINOIS 1 11 1,471
INDIANA 1 2 40
KANSAS 1 7 11,298
KENTUCKY i 6 2,929
LOUISIANA 1 12 20,810
MAINE 1 93 2,896,657
MARYLAND 1 1 50
MASSACHUSETTS f 2 192
MICHIGAN ! 23 180,183
MINNESOTA t 48 202,385
MISSISSIPPI I 38 198,182
MISSOURI 1 1 3,863
MONTANA ! 16 3,764
WEW HAMPSHIRE I 21 106,958
NEW JERSEY 1 5 273
NEW YORK 1 97 318,369
NORTH CAROLINA 1 269 123,661
ORIO t 4 966
OKLAHOMA 1 1 12
OREGON 1 34 343,798
PENNSYLVANIA 1 25 136,252
SOUTH CAROLINA I 835 444,287
TENNESSEE 1 181 318,187
TEXAS { 20 13,510
VERMONT 1 155 50,221
VIRGINIA t 57 32, 663
WASHINGTON 1 184 280,353
WEST VIRGINIA I 22 23,583
WISCONSIN 1 8 1,508
! .
1
TOTAL ! 3,233 7,564,543
L
24



TABLE 33ceDISPOSITIONS OF UsS. AGRICULTURAL LAND BY TYPE OF FOREIGN OWNERS+
BY STATEyJANUARY 1*OCTOBER 8+ 1964
(NUMBER)

l INDIVIDUAL

STATE leeneoreweweene.

AND UsSe
TERRITORY [ PARCELS | ACRES PARCELS PARCELS ACRES
| REPORTED 1 REPORTED REPURTED
we eeneew en nercenceeedoneneeeence: a
ALABAMA ' o ° 2 2 6
ART ZONA i o oO 19 19 959
ARKANSAS, ' ° ° 1 1 99396
CALIFORNIA ' 4 2 14 18 49392
coLoRana ' 1 574 22 23 20723
FLORIDA i 8 218 19 27 31764
GEORGIA ' 9 899 23 32 39800
TLLINOTS ' 2 232 6 6 449
INDIANA ' ° ° 10 10 377
KENTUCKY ' oO ° T 7 29030
LOUISTANA ' ° ° 2 2 38
MARYLAND i 1 18 0 1 18
MICHIGAN i ° cy) 1 1 3
MISSISSIPPT ' ° 0 5 5 312
NEW YORK ' 3 205 ° 3 205
NORTH CAROLINA ' ° 0 L 394 1 394
OKLAHOMA | ° oO 2 240 2 240
SQUTH CAROLINA ! ° oO 2 736 2 736
TENNESSEE 1 2 19457 5 805 7 29262
TEXAS 1 8 19435 55 159243 63 161678
UTAH l ° Cy 1 51805 1 59805
VERMONT ' Mw 162 1 10 12 172
VIRGINIA I 0 ° 1 R41 7 B41
WASHINGTON 1 1 112 20 51956 at 09068
WEST VIRGINIA | oO ° 8 39156 8 37156
WYOMING i o ° do 61592 lo e592
1
TOTAL i 50 51393 241 919145 21 969538

Transfers by foreign investors to U.S. purchasers accounted for 55 percent of the
parcels and 63 percent of the acres (table 34). Reports for 30 percent of. the
parcels and 29 percent of the acres indicated that they were transferred to other
known foreign persons. Reports for 12 percent of the parcels covering 6 per-
cent of the acres indicated dispositions to persons of unknown citizenship.

Corporations were the most active type of foreign owner disposing of land--
accounting for 51 percent of the owners, 71 percent of the parcels, and 91 per-
cent of the acres (table 35). In comparison, individuals accounted for 32
percent of the owners, 17 percent of the parcels, and 6 percent of the acres.

Size of Disposition. The most acreage disposed was for parcels with 1,000 or
More acres, accounting for 83 percent of the acres (table 36). As should be
expected, sales prices per acre were higher for smaller parcels. Average selling
price of acreage in the less than 20- to 59-acre range was $20,399 per acre
compared with $1,120 per acre in the 1,000 or more acre range.: Average selling
price of all reported dispositions was $1,875 per acre.

Country of Origin. Foreign persons from Canada and U.S./Netherlands and U.S./U-Ke
corporations disposed of the most parcels of land, accounting for 63 percent of
the disposed parcels (table 37). The most acreage was disposed by U.S./Nether-
lands corporations which sold 33 percent of all the dispositions acreage.

41


Netherlands Antilles with 11 percent:and 10 percent, respectively. Foreign
persons from Mexico, the Netherlands, Panama, and Switzerland and foreign persons
from Japan not affiliated with a.U.S. corporation own an additional 26 percent,
or 720,329 acres. -

The largest group of owners of other agricultural land are foreign persons from
the United Kingdom who own 14 percent of the acres. They are followed by foreign
persons ‘from Canada, the Netherlands Antilles, and Switzerland who own a total of
191,754. acres, or 34 percent. Foreign persons. from the Netherlands, Panama, and
West Germany and U.S./Luxembourg corporations own an additional 164,279 acres, or
29 percent. The largest group of other nonagricultural landowners are foreign
persons from Canada and U.S./U.K. corporations with 38 percent of the acreage.

Based on reports by foreign owners who reported owning only forest land or forest
land and other nonagricultural land, these reports account for 54 percent of all
the foreign-owned U.S. agricultural land (tables 1 and 12). The remaining 46
percent’ is primarily farmland, although it includes some forest and/or other
nonagricultural land commonly reported as part of the farm landholding (table
11).

The average parcel size for parcels with forest land or forest land and other
nonagricultural land is 2,340 acres (table 12). Except for Maine (with 38 per-
cent 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, Mississippi, the Carolinas, and Tennessee account
for 33 percent of the acres reported. California, Idaho, Oregon, and Washington
account for an additional 13 percent. There are also notable holdings in Michi-
gan, Minnesota, New Hampshire, New York, and Pennsylvania, accounting for a
further 13 percent of the acres.

Foreign persons from Canada own 49 percent of the foreign-owned U.S. forest
land or forest and other nonagricultural lands (table 13). One U.S./Hong Kong
corporation owns an additional 22 percent, followed by foreign persons from the
United Kingdom with 14 percent.

Individuals make up the largest number of owners reporting holdings of forest
land or forest and other nonagricultural land but account for only 15 percent of
the parcels and 1 percent of the acres (table 14). Corporations reported holding
68. percent of the parcels, representing 94 percent of the acreage. The remaining
17 percent of the parcels and 5 percent of the acres are held by partnerships,
trusts, estates, and others. When partial interests are taken into account, the
acreage equivalent is 908,065 acres less than the acres for which reports. were
filed. .

Owners of parcels with less than 300 acres, 68 percent of all the owners, own 18
percent of the parcels covering only 0.4 percent of the forest land or forest and
other nonagricultural land (table 15). The remaining 32 percent of the owners,
owning parcels with 300 or more acres, own 82 percent of the parcels covering
99.6 percent of these lands.

Intended Use

Concern has been expressed about farmland being purchased and taken out of
agricultural production. Foreigners do not appear to be proceeding in this
direction in 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.

23


Foreign persons reported that
1 percent, of U.S. agricultur:
1984. This figure is 298,000
1983.

SUMMARY

they owned 14 million acres, or slightly more. than
‘al land (farmland and forestry) as of October 8,~
acres larger than the figure for calendar year

These and. other findings are based on an analysis of reports submitted to

the U.S. Department of Agriculture under the Agricultural Foreign Investment

Disclosure Act of 1978.

Information received at the time of reporting shows that forest land accounts for

57 percent of all foreign-own
other agricultural land for 2;
for 5 percent.

Corporations own 83 percent 0
and individuals, 7 percent.
associations, institutions, a

5

U.S. corporations, in which }
a.

ported owning 62 percent of ;
percent was reported as being
with a U.S. corporation.

A number of parcels are owned
foreign interest in some parc

acres are adjusted for these
drops to 12.6 million acres.

Foreign persons from Canada,
Netherlands Antilles account

percentage being owned, for éxample, by a U.S. partnership.

ed acreage, cropland for 14 percent, pasture and
4 percent, and nonagricultural and unreported uses

f the holdings acreage; partnerships, 9 percent;
The remaining 1 percent is held by estates, trusts,
ind others.

percent or more of the ownership is foreign, re-
11 the foreign—-held acreage. The remaining 38
held or acquired by foreign persons not affiliated

only in part by foreign investors; that is, the
els is less than 100 percent, with the remaining
When the 14 million

partial interests, the total foreign-owned acreage

the United Kingdom, Hong Kong, West Germany, and the
for 73 percent of the foreign-held acreage.

The largest number of acres 0

Foreign holdings in Maine ace

and 15.5 percent of the total
large timber companies own 95

company has one parcel, anoth

wned by foreign persons was reported in Maine.

ount for 21 percent of the total reported holdings
privately owned agricultural land in Maine. Four
percent of the foreign-held acres in Maine. One
er company has only partial interests in 32 percent

of the acres, and the other two companies are U.S. companies which are partially

foreign owned.

Except for Maine, foreign hol
percent of the holdings are i
Island is the only State with

Foreigners do not appear to b
duction. No change in intend
percent of the acreage. No
acres while some change was
regarding tenure change were

ir

Data gathering and analysis
$324,000 for 1984.

ic

dings are concentrated in the South and West--36
n the South and 27 percent in the West. Rhode
no reported foreign-owned agricultural land.

e taking purchased agricultural land out of pro-—
ed use at the time of filing was reported for 92

change in tenure was reported for 41 percent of the

eported for 31 percent of the acres.
received for the remaining 28 percent of the acres.

No responses

ost the U.S. Department of Agriculture approximately

viii


TABLE BeeU.S, AGRICULTURAL LANDHOLDINGS BY COUNTRY OF FOREIGN OWNER®

OCTOBER 8+ 1984eeCONTINUED
(NUMBER)

(pe eeensemmercenenencwcasn-eeereceeneeeesnncenn scores cosmsoenosesenerssesoaces

COUNTRY

er croneenencnceenrerecnten:

NETHERLANDS
NETHERLANDS ANTILLES
NEW ZEALAND
NICARAGUA
NIGERTA

NORWAY 1
GMAN

PAKISTAN

PANAMA

PERU
PHILIPPINES
POLAND

PORTUGAL

ST VINCENT
SAUDI ARABIA
SINGAPORE

SOUTH AFRICA
SPAIN

SWEDEN
SWITZERLAND
SYRIA

TAIWAN
TANZANIA
THATLAND
TRINIDADETOBAGO
TURKEY

TURKS ISLANDS
UNITED ARAB EMIRATES
UNITED KINGDOM
URUGUAY
UsSeSeRe
VENEZUELA
VIETNAM
YUGOSLAVIA
MULTIPLE
MULTIPLE < 5%
THIRD TIER

SUBTOTAL J/

US/ARGENTINA
US/AUSTRALIA
US/AUSTRIA
US/RAHAMAS
US/BELGIUM
US/RERMUDA
US/BRAZIL
US/BRITISH VIRGIN
ISLANDS
US/CANADA
US/CAYMAN ISLANDS
US/CHINA
US/COLOMBTA
US/DENMARK
US/ECUADOR

1

469
422

. w
° o
URPONMENYOWONUNE

ny

14

OWNERS ' PARCELS

Perennenenecentoncsosone-coccoselcouseneseccersoes

712
547

ACRES

1479225
8440179
367
10348
16

79143
4469
20172
1619551
487
20733
147

801
29637
165925
10909
269
20542
70568
2600586
49004
20811
200421
131
10667
558
19580
20801
39101146
120459

185,800
502779436

39560
10119
140967
370473
630523
349972
30102

129029
298639435.
269225

870

20390

19844

19559
CONTINUED oo




was in Colorado. Except for Maine, organizations reported acquiring the largest
acreage in Colorado and Texas.

Size of Acquisition. The largest number of owners reported their acquisitions in
the range of 100 to 999 acres (table 21). However, owners of parcels with 1,000
acres or more (17 percent of the owners) acquired approximately 92 percent of the
acres and owners of parcels with less than 1,000 acres (83 percent of the owners)
acquired the remaining 8 percent of the acres. Parcels ranging in size from 300
to 1,000 or more acres accounted for 78 percent of the value. The value per

acre, however, is concentrated in the reports of holders of 60 to 99 acres-—

$8,631 per acre, compared with $479 per acre for holdings of 1,000 or more acres.

Purchase Price and Value of Acquisitions. As noted earlier, under "Type of
Owner,” corporations acquired 88 percent of the acres. They also account for 66
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 at $544; followed by individuals,
$1,270; partnerships, $2,690; and trusts, $3,050. For acres for which current
value was reported, the value remains nearly the same as the purchase price and
nonpurchase price.

Equity is frequently used to measure net foreign investment transfer. To approxi-
mate equity, debt was subtracted from current value for all reports that provided
information on debt and current value. The 329 reports providing information on
debt, $87,415,000, and current value, $293,304,000, resulted in an equity figure
of $205,889,000 (table 22). These figures reveal an equity figure of 70 percent
in relation to current value.

Country of Origin. U.S. corporations with foreign interests acquired 22 percent
of the acreage; foreign persons not affiliated with a U.S. corporation acquired
the remaining 78 percent (table 23). Foreign persons from Canada accounted for
the largest acreage reported, 262,418 acres or 64 percent of the acquisitions.
This Canadian figure is attributable to one Canadian corporation which acquired
1 parcel of forest land covering 231,600 acres. An additional 9 percent of the
acreage, 37,989 acres, was acquired by foreign persons from the Netherlands and
6 percent, 26,584 acres, by unidentifiable Third Tier foreign persons--foreign
persons without an identifiable country of origin because no foreign country of
origin is listed through the third tier of ownership.

Except for Maine, most of the acres acquired during this period were in the South
(table 24). No foreign country of origin had exceptionally noticeable acqui-
sitions, although foreign persons from the Netherlands had the largest acquisi-
tions, accounting for 18 percent of the total. Unidentifiable Third Tier owners
accounted for 25 percent of the foreign-held acres in the South.

Interest in Land

Of the reported foreign-acquired parcels of U.S. agricultural land,_88 percent.
(accounting for 90 percent of the reported acres) were acquired in fee interest
whole (table 25). Partial interests were acquired in 6 percent of the parcels,
representing 7 percent of the acres.

Method of Acquisition
More parcels of agricultural land were acquired by foreign owners for "Cash Only"
than any other method of acquisition (table 25). Of the total parcels, 48 per-

cent, covering 19 percent of the total acreage, were reported as being acquired
for "Cash Only." This compares with 16 percent of the parcéls, covering only 4

31


TABLE 2leoFUREIGNeD}
BY SIZE OF acoU

wee Peon estore one ceeewore

, SIZE | OWNERS
(ACRES) | REPORTING
1 (NUMBER)
wowmeesonececedenesseecaca
. 1
LESS THAN 20 |
20°59 |
699 |
199#299 '
3.2999 i
10O4G GR MORE |
sd
TOTAL | 2
wamemcnenemecctnewsoweened
4/) VALUE 1S PURCHASE P

NED UoSe AGRICULTURAL LAND ACQUISITIONS
ISITIONs JANUARY leOCTOBER 8 1984

Se OSES SASS SORE DO EEA le. se eS COBO SETeSeeses

! PARCELS | ACRES ! VALUE

|) REPORTED | (KUABER) i] (159000

1 (NUMBER) | 1 DOLLARS) Qs
coheememocenonembeomne en ennnelosecencneseecen
24 24 228 19899
38 38 19299 59026
24 24 19615 159665
46 55 79697 440654
43 50 210077 489664
37 145 3809385 1829021
12 336 4129501 2970729

RICE OR NONPURCHASE PRICE (ESTIMATED VALUE),

TABLE 22-0VALUE OF U.S. AGRICULTURAL LAND ACQUISITIONS BY TYPE
OF FOREIGN OWNER» JANUARY 1°OCTOBER 8» 1984

Pee Boer ele Cee hE BOS eS ee ROBE BBO e RO ESOC CECE RS PBSC e eR GSE COR Begs ene PEOOnOGen

|
| ' ACRES | ' ACRES {
{ 1 WITH | PURCHASE | WITH ' NONe
1 UWhFRS | PURCHASE J PRICE f NON 1 PURCHASE
OWHER | REPORTING | | PRICE t (19000 | PURCHASE | PRICE
| (NUMBER) | REPORTED | DULLARS) | PRICE { (19000
f 1 (NUMBER) 4 | REPURTED | DOLLARS)
' ! ( 1 (HUMBER)
srewe renew nnbonneennaredenarcnnnonndennencenenelanensronscebanoncencses
TnDIVIDUAL | R3 200275 269019 29066 20351
CORPORATION | 97 3319610 1429728 329104 549959
PARTRERSHIP | 26 159395 549876 99531 120166
TRUST 1 4 10459 40407 59 223
4
TOTAL ! 212 3689739 2289030 439762 699699
| pemcce cwm nore ne ncn meee sor enmecen ores wenne ron anceesarenecers
' 1 °
| ACRES ! { ACRES
! “ITH 1 CURRENT | WITH ' EQUITY
' CURRENT ' VALUE ' EQUITY ! «(19000
i VALUE ' (15000 t REPURTED 1 DOLLARS)
t REPORTED ! DOLLARS) | (NUMBER)
' (HUMBER) | | '
[raneeee naman becwamonrencocctosssenseascnoedcooscanezacace
TUNIVIOUAL I 279158 289616 219227 219668
CORPORATION | 3635694 1949539 3629729 1429340
PARTNERSHIP | 249926 669942 249926 389603
TRUST ! 19516 49630 19518 39278
|
TUTAL ! 2949797 4109400 20598R9

4125296

eee ete ett et eet ee et eat nt eet tree fo Taare

32



NEW REGULATIONS

New AFIDA regulations took affect October 9, 1984.4/ Included among these new
regulations were changes which raised the threshold reporting level for U.S.
corporations in which there are foreign interest holders and increased the mini-
mum acreage for which reporting is required. Under the old regulations, U.S.
corporations which were 5 percent or more foreign owned holding agricultural land
were required to report as foreign investors. The new regulations raise this
percentage level to 10 percent if held by a single foreign person or a group of
foreign persons acting in concert and to 50 percent if held by a group of foreign
persons not acting in concert, none of whom individually hold a 10 percent or
greater interest in the U.S. landholding corporation. The old regulations also
required foreign persons to report if they held land in excess of 1 acre in the
aggregate or if the gross receipts from such land were $1,000 or more. The new
regulations retain the $1,000 gross receipts level but raise the minimum report-
able acreage to more than 10 acres in the aggregate.

In order to align the existing data base with the new regulations, reports filed
under the old regulations which are not required under the new regulations are
peing purged from the files. Because of the size and complexity of the data
base, this alignment process could not be completed by the reporting date for
this report. Therefore, the data analysis in this report reflects only infor-
mation received through October 8, 1984, under the old regulations. Next year's
report will present an analysis based on the revised data base which reflects the
new regulations.

A preliminary tabulation of reports received from October 9 through December 31,
1984, reveals 160 acquisitions covering 113,687 acres and 136 dispositions ,
covering 49,183 acres. These figures are preliminary; they have not been re-
viewed to eliminate such errors as duplicate filings or inaccurate reporting.
However, they have been screened to eliminate reports which are not required to
be filed under the new regulations.

Other changes to the regulations include additional information to be reported;
an improved definition of agricultural land; a requirement to report changes in
status from agricultural to nonagricultural land, from foreign to nonforeign,
and changes of name or address; and the incorporation of administrative inter-
pretations into the regulations. These changes and additions will be incorpo-
rated into the summary of the reporting requirements and the definitions section
in next year's report.

PROGRAM COSTS

Administration of the AFIDA program for obtaining and analyzing the data has
required an estimated 10.2 staff-years at a cost of approximately $324,000 to
the-Department for the past year. The Agricultural Stabilization and Conser-
vation Service contributed approximately 7.9 staff-years at an estimated cost of
$262,000. The remaining costs and staff-years are attributable primarily to the
Economic Research Service, with some contributions by the Office of the General
Counsel and the Office of Governmental and Public Affairs.

4] 29 Fed. Reg. 35,072 (1984) (to be codified at 7 C.F.R. §§ 781.1-.6).

47


acres of leased land. Timber!
the reported foreign leasehol:

Method of Acquisition

More foreign investors report
holdings than using any other
parcels, 48 percent, covering
Only” (table 10). This compa
17 percent of the acreage, wh:
of the parcels, containing 17
“Other Method Only." The "Oth
rations that became foreign p

held by foreigners, or an ind!

ration.

fand accounts for 608,503 acres, or 68 percent of
lis.

ed paying cash for their U.S. agricultural land-
method of acquisition. Of the total foreign-owned
35 percent of the acreage, were acquired for "Cash
res with 33 percent of the parcels, containing

‘ich were acquired by "Credit Only,” and 3 percent
percent of the acreage, which were acquired by

er Method Only” category includes mergers, corpo-
ersons by having more than 5 percent of their shares
ividual exchanging land for stock in a new corpo-

to Representative

Relationship of Foreign Owner)

Forms were most commonly comp
and filed forms accounting fo
total acreage (table 10). Thi
which includes accountants, f
ployed by corporations. Peop
cent of the parcels represent’
land.

Land Use

Fifty-seven percent of the re
is timber or forest land (tab:
Cropland, ‘pasture, and other
orchards and vineyards) totali
0.4 percent of all privately
“Other Nonagriculture" and "
reported foreign-held acres.
the homestead and roads commo
or land that is idle now but
culture. These land-use figu
only information received at
changes in land-use which may

Foreign persons from Canada o
forest landholdings. U.S./Ho
of the forest land, followed |
percent. Unidentifiable Thin
acreage. ‘The size of the Carl
(1) a Canadian corporation wil
corporation with partial inte
U.S./Canada corporation which
(4) a UeS./Hong Kong corporat:

Leted by the foreign owners. These owners completed
ie 27 percent of the parcels, or 34 percent of the

le second largest group is the “Other” category,
‘amily members, and people associated with or em-

le in the "Other" category filed forms for 25 per-
ling 19 percent of the foreign-held agricultural

sported foreign-owned holdings of agricultural land
le 11); cropland accounts for only 14 percent.
lagricultural land (which includes, for example,

38 percent of all foreign-owned holdings, but only
held agricultural land in the United States. The

lo Report" categories account for 5 percent of the
Nonagricultural land includes acreages such as

mly reported as part of the agricultural landholding
its last use within the past 5 years was for agri-
res should be used with caution because they reflect
the time of filing and do not account for any

have occurred subsequent to filing.

wn 3,849,212 acres, or 48 percent, of the reported
ng Kong corporations hold an additional 21 percent
by foreign persons from the United Kingdom with 14
d Tier foreign persons own 4 percent of the forest
adian and Hong Kong holdings are attributable to
th 1 parcel covering 231,600 acres, (2) a Canadian
rests in 9 parcels covering 882,955 acres, (3) a
owns 168 parcels covering 2,078,998 acres, and
ion which owns 62 parcels covering 1,685,171 acres.

Foreign persons from West Germany, the Netherlands Antilles, and Canada own the

most cropland, 971,963 acres,
largest holdings of cropland
percent and 7 percent, respec

Foreign persons from the Unit
pastureland, 924,030 acres, fi

or 50 percent. Foreign persons with the next
are from Switzerland and the United Kingdom, with 8
tively.

ed Kingdom and West Germany own 34 percent of the
‘ollowed by foreign persons from Canada and the

20




This report is made pursuant
Disclosure Act of 1978. The
basis. Because of changes i!

PREFACE

to section 5 of the Agricultural Foreign Investment
act requires an annual report on a calendar-year

n the reporting requirements, which became effective
October 9, 1984, the data analysis covers only information received through

October 8, 1984. Preliminary data from October 9 through December 31, 1984, are
presented at the end of the report.

LIST OF TABLES »« « « ee oo
SUMMARY 2. 2s 2 ee ee we

INTRODUCTION . «2 es ee oo
Summary of the Act ..
Definitions .....-.

ANALYSIS OF DATA REPORTED UN.
Holdings . 2... eee
Acquisitions .....

CONTENTS

DER THE ACT ..

Dispositions and Land-Use Changes .. .«

Trends . 2 ee ee oe
NEW REGULATIONS . 2. 2 2 « «

PROGRAM COSTS 2. 2. 2 ee we

APPENDIX: REPORT FORM ASCS-153 «se 6 we

iv

Page
. v
« vill
. 1
. 1
. 2
. 4
. 4
- 28
- 40
. 45
- 47
- 47
« 48


TABLE 2900U.So FOREST AND OTHER NONAGRICULTURAL LAND ACQUISITIONS
BY TYPE OF FOREIGN OWNER» JANUARY leOCTOBER 89 1964
(NUMBER)

were wcereceeuncearene: ewcmaenecereneseasenomcescues:

1 1 {
OWNER | OWNERS | PARCELS | ACRES | PARTIAL {| ACREAGE
IREPURTINGIREPOKTED | INTERESTS | EQUIVALENT 2/
!

IPARCELS WITH |

' { REPORTED J/ |

INDIVINUAL «| ) n 49165 0 49165

CORPORATION | 2) 66 2589215 8 2549689

PARTNERSHIP 1 4 ll 39642 1 39100
'

TOTAL 1 36 88 2669022 9 2619954

eS een. tn

2/ PARCELS WITH PARTIAL INTERESTS ARE THOSE PARCELS WHICH ARE OWNED
QWLY IN PART BY THE FOREIGN INVESTORS THAT IS A PERCENTAGE INTEREST
LESS THEN 100 PERCENT,

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

TABLE 30°oFOREIGN ACQUISITIONS OF UcS. FOREST AND OTHER NONAGRICULTURAL
LAND BY SIZE OF ACQUISITION» JANUARY 1eOCTOBER 8+ 1984

{

SIZE OWNERS. 1 PARCELS 1 ACRES VALUE
(ACRES) 1 REPORTING | REPORTED | (NUMBER) = J (19000
1 (NUMBER) | (NUMBER) 1 | DOLLARS) J/
a ee nc nn een
LESS THAN 20 | 3 3 23 20
20859 ' 3 5 88 108
60°99 1 3 3 258 548
100°299 ' 6 6 410146 19594
3002999 ' 8 16 49031 20190
1uG0 OR MURE | 11 55 2600476 540224
(
TOTAL ' 34 88 2669022 587684
L

oe

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

TABLE 3locINTENDED USE OF U.S» AGRICULTURAL LAND ACQUISITIONS OF FOREIGN: OWNERS?
JANUARY leOCTOBER 8» 1964
(NUMBER)

Oe pnoemen coer Sonne rocecrdSeco-ceceecesetesenanesen

ITEM | NO CHANGE | OTHER JOTHER NON© | NO REPORT | = TOTAL
1 JAGRICULTURE | AGRICULTURE | 1

weed coe co wnennnenecocdeowesccocccbneronceoccndecnconscrendeoncocscsestecsecccesen

INDIVIDUALt

PARCELS REPORTED t 83 2 2 1 88
ACRES i} 219473 716 115 39 229343
ORGANIZATIONS 1
PARCELS REPORTED 1 223 5 18 2 248
ACRES ' 3819009 29530 61054 565 3909158
1
TOTALS ( .
PARCELS REPORTED ( 306 7 20 3 336
ACRES ' 4029482 39246 69169 604 4129502

woeecromeecocbcoss-acoscs oomeecmencecce.pecencoscocceseseseronaceeee

39


Separating out data on reports for only forest land or forest land and other
nonagricultural land shows that 64 percent of all reported acquisitions are in
these two land-use categories (tables 18 and 27). The remaining 36 percent is
primarily farmland, although it includes some forest and/or other nonagricul-
tural land commonly reported as part of the farmland acquisition (table 26).

Foreign persons from Canada purchased most of the U.S. forest land or forest and
other nonagricultural lands (table 28). They account for 91 percent of such
acquisitions, 241,461 acres. -

Corporations account for the largest number of owners reporting acquisitions of
forest land or forest and other nonagricultural land--62 percent of the owners
reported acquiring 75 percent of the parcels covering 97 percent of the acres
(table 29). Twenty-six percent of the owners were individuals who reported ac-
quiring 13 percent of the parcels covering only 2 percent of the acres.

Owners of parcels with less than 1,000 acres, 68 percent of all owners, reported
acquiring 37 percent of the parcels covering only 2 percent of the forest or
forest and other nonagricultural lands (table 30). The remaining 32 percent of
the owners, owning parcels with 1,000 or more acres, reported acquiring 63 per-
cent of the parcels covering 98 percent of these lands.

Intended Use

The reports for acquisitions indicated no change in land use for 98 percent of
the acres (table 31). Intended changes to other agricultural use and nonagricul-
tural use were. reported for holders of the remaining 2 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.

Tenure

Foreign owners directly operate 41 percent of the parcels acquired during the
period and 68 percent of the acres, whereas tenants operate 35 percent of the
parcels and 27 percent of the acres (table 32). Managers, however, operate only
8 percent of the parcels and 2 percent of the acres. No responses on tenure were
received for 16 percent of the parcels covering 3 percent of the acres. Foreign
owners operate parcels accounting for 40 percent of the value, whereas tenants
operate parcels accounting for 46 percent of the value.

Rental agreements were reported for 36 percent of the parcels covering 27 percent
of the acres acquired during this period. Of the rental agreements, cash agree~
ments accounted for 76 percent of the parcels covering 56 percent of the acres.

Tenure Change

Reports for 38 percent of the parcels acquired during the period indicate no
tenure change for 28 percent of the acreage (table 32). Reports for 46 percent
of the acquired parcels containing 70 percent of the acres indicated a tenure
change. Because the number of acres affected by new tenure arrangements was not
reported, the acreage may be overstated; that is, all of these acres are not
necessarily affected by new tenure arrangements. No responses on tenure change
were made for 16 percent of the parcels accounting for 2 percent of the acres.

37


ign Ownership of

Agricultural Land, October 8, 1984

State Concentration of Forei

Figut

50,000-99,999
100,000-199,999

400,000 & over

= | 200,000-399,999

|
i]

Figure 2

Proportion of Foreign-Owned Agricultural Land to All Privately Owned

Agricultural Land in the United States, October 8, 1984



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

NOTED ishing the data is mandatory. Failure to comply or falsification of reporting is subject to:civil penalty, not to exceed 25 percent
of the fair market value of the interest held in the tract on the date of the assessment of such penalty. The data may be furn-
ished to any Agency responsible for enforcing the provision of the Act and to the public.

DETERMINATION OF “FOREIGN PERSON” STATUS.

DEFINITION: “Person” means any individual, corporation, company, asso:
legal entity.

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

ion, firm, partnership, society, joint stock company, trust, estate, or any other |

[Yes] NO

1. 1 AMa citizen of the United States.
2. 1 AMa citizen of the Northern Mariana Islands or the Trust Territories of the Pacific Islands.

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

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

Return the original and two copies to the County Agricultural Stabilization and Conservation Service (ASCS) Office where the tract of land is located. Retain
the last copy (Foreign Person Copy) for your records. D0 WOT SEND THIS FORM DIRECTLY TO WASHINGTON, D.C.

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

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

If the tract of land to be listed under Item 2 on the front side of this document was:

—Owned on February 1, 1979, check @-tang., } 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 © 5222 ;jn10n [] Reporting
—Disposed of, check © B83 .i0n WZ) If any of these activities are checked,
—Changed from non-agricultural to agricultural use, check °-2°4.s,Gners® [J] pin Item 1, return the completed

—Changed from agricultural to non-agricultural use, check E.Lana * GO om the ane of the trance

iTems, ‘The date entered would be as follows for the activity checked in Item 1:
Box A or B- Date acquired.
BoxC —_~ Date disposed of.
Box D or E~ Date land use changed.

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

4/ Significant interest or substantial control as defined in 7 CFR 781.2 (k).

‘4 U.S. Government Printing Office: 1984—565-156


TABLE 3eeFOREIGN OWNERS OF UsSe AGRICULTURAL LANDHOLDINGS
BY STATE, OCTOBER 8» 1984

(NUMBER)
mewnwenecee: 7
STATE 1 INDIVIDUAL 1 URGANIZATION
AWO U.S. i wwe. l =
TERRITORY ' : (

' PARCELS | ACRES | PARCELS | ACRES
soreeeneeeeneneerecebecnenennenn wenernnenentecnpcccsnartocsseercnmers
ALABAMA i} 18 859 401 5979516
ALASKA 1 oO 0 3 753
ARTZONA i) 48 120267 223 2779109
ARKANSAS i} 60 260245 105 1039723
CALIFORNIA i) 276 719677 964 8349429
coLAr Anu ' 137 119098 226 3B59274
CONWECTICUT 1 6 259 12 798
NELAWARE ' 6 le6l2 ion 69698
FLORIDA i) 529 299437 870 5819178
GEORGIA i) 162 5507R2 B26. 190620167
Guam ' 0 Q 2 336
HAWATI 4 24 79315 33 529497
TUAHO 1 24 09733 37 1599071
ILLINUTS ' 50 119614 351 1440773
INDIANA t 35 59838 260 889663
IOWA ' 79 160898 57 150540
KANSAS i} 23 4979 67 639407
KENTUCKY ' 35 6r2k0 87 3B9384
LUUISTANA 1 12 TWTT6 99 1419080
MATNE ' 31 169786 86 209079773
MARYLAND i} 55 90768 121 370545
MASSACHUSETTS ! 3 12 4 430
MICHTGAN ' 67 5e4kD 53 1919098
MINNESOTA ' 42 179081 85 2230343
MISSISSIPPI ' a 937 183 3460866
MISSNUPT ' 32 109697 8B 529136
MONTANA ' oT 439221 89 3299870
NEBRASKA ' 9 20885 31 759578
NEVADA ' 11 115 15 510271
NEW HAMPSHIRE ' 10 19737 28 1099995
NEW JERSEY t 15 19192 85 250227
NEW MEXICO ' 46 19468 41 4639686
NEW YURK 1 552 459085 173 3360179
NURTH CAROLINA t 46 80794 366 2680431
NURTH NAKOTA i) 47 14919) 14 59903
OHIU ' 41 70529 306 429677
OKLAHUMA ' 9 19040 61 270184
OREGON ' 44 BelTT oT 4099954
PENNSYLVANIA ' 29 29230 80 1749426
PUERTO RICO iJ 5 SRG 6 B14
SOUTH CAROLINA ' 26 Br4eU 934 5160340
SUUTH DAKOTA ' 39 119797 28 300307
TENNESSEE 4 77 179025 234 3419821
TEXAS 1 596 1759864 924 7950936
UTAH ! 515 219469 32 500675
VERMONT 1 702 339264 237 679552
VIRGINTA i) 120 260310 243 1079506
WASHTNGTON i} 544 519013 460 3529016
WEST VIKGINTA ! 9 39140 25 589005
WISCONSIN ' 60 109823 26 89287
WYOMING ' 3 660 ai 1289206

'

TOTAL J 59415 9479323 99777 1390900413


FOREIGN OWNERSHIP OF U.S. AGRICULTURAL LAND THROUGH DECEMBER 31, 1984. . By

J. Peter DeBraal and T. Alexander Majchrowicz. Natural Resource Economics
Division, Economic Research Service, U.S. Department of Agriculture. Washington,
D.C. 20250. ERS Staff Report No. AGES850320, April 1985.

ABSTRACT
Foreigners owned 14 million acres of U.S. agricultural land as of October 8,
1984. This is slightly more than 1 percent of all privately held agricultural
land and 0.6 percent of all land in the United States. These and other findings

are based on an analysis of reports submitted in compliance with the Agricultural
Foreign Investment Disclosure Act of 1978.

Keywords: Agricultural land, foreign landownership, landholdings, land acqui-
sitions, land dispositions.

RRR KR RKRRRKRKR KR RRR KR KR RK KR KR RK KR RRR RR KR KR RR KK

This report was prepared for limited distribution to the research community

2 Oe

*
*
outside the U.S. Department of Agriculture. *
*
*

RRR KRKKRK KKK KRKRRRKR RK KR RR KR KR RR KR RRR RR RR KR K

iii


cect enecceeceonnccotecose.

TABLE 19°0U,S, AGRICULTURAL LAND ACQUISITIONS BY TYPE OF FOREIGN OWNER»

1 1
{ OWNERS |

JANUARY 1©OCTOBER By 1984
(NUMBER)

1
IPARCELS WITH |

1
PARCELS |

OWNER ACRES i] PARTIAL 1 ACREAGE
IREPORTING|REPORTED | 1 INTERESTS | EQUIVALENT 2/
uv ' 1 REPORTED O/ ¢

a oe ee! eoceeeecs

INDIVIDUAL { 83 68 229343 4 219608

CORPORATION | oT 206 3639714 15 3489880

PARTNERSHIP | 28 38 249926 2 249250

TRUST 1 4 4 19518 0o 19518
I

TOTAL 1 212 336 4129501 21 3969456

ee are

i/

PARCELS WITH PART

TAL INTERESTS ARE THOSE PARCELS WHICH’ ARE OWNED

ONLY IN PART BY THE FORFIGN INVESTUR$ THAT IS~ A PERCENTAGE INTEREST LESS

THAN 100 PERCENT,
2
THE PERCENTAGE HELD BY

ACREAGE EQUIVALENT EQUALS THE TOTAL ACREAGE REPURTED MULTIPLIED BY
THE FOREIGN OWNER,

TABLE 20c°FOREIGN OWNERS OF UoSe AGRICULTURAL LAND ACQUISITIONS BY STATES

JANUARY 1©OCTOBER Be 1984

(NUMBER)
met en en cm nent weet owen nn ne econeenennennnen cocoon owen owes sence eeecosaeacoscesoo
INOIVIDUAL | ORGANIZATION
STATE | cemedene. 0! Gewecen sono cecsancecen-secce
AND UeSe ' | '
TERRITORY i) PARCELS ' ACRES { PARCELS t ACRES
1 REPORTED ! 1 REPORTED 1
comenecneenceetacerotenecs-acenmnanbaneoneeonncseobeww-wnnwenenontancccseonenase
ALABAMA 1 ° ° 3 736
ARIZONA t 4 195 4 259
ARKANSAS ' 3 915 4 109577
CALIFURNIA ' 2 138 22 39756
CoLuR ADO i 4 50469 15 320049
CONNECTICUT i) oO 90 4 TT
FLORIOA ' 7 29016 12 179409
GEORGIA ! 11 2¢729 36 149302
HAWATI 1 1 14 oO 0
ILLINOTS ! 2 185 7 4557
INDIANA 1 3 240 9 445
KANSAS i} 0 oO 2 317
KENTUCKY 1 oO a 1 135
LOUISTANA ( 1 8 5 836
MAINE ( 0 Q 2 231986)
MARYLAN( ' 1 217 2 19
MICHIGAN ' oO oO 1 3
MISSTSSIPPY ' C) ° 9 29376
MISSOURI 1 2 203 oO 0
MONTANA ! 1 691 C) 0
NEW HAMPSHIRE 1 oO oO 1 479
NEW YORK 4 3 132 3 347
NURTH CAROLINA i] 0 i) 6 T9T
NURTH DAKOTA ' 1 480 0 0
OH10 1 1 100 3 B47
OREGON ! 1 88 0 0
PENNSYLVANIA ! 3 147 2 19788
SOUTH CAROLINA ( 2 19839 20 70856
TENNESSEE i) 2 992 ll 19504
TEXAS 4 al e717 39 370911
VERMONT I 6 569 1 15
VIRGINIA ' 4 19149 3 733
WASHINGTON 1 2 10910 16 60975
WEST VIRGINIA i) o ° 3 39936
WISCONSIN 1 ) Qo 1 2
WYOMING 1 ° ° 2 7154
1
TOTAL i} 88 229343 248 3909156

moO PERS EDO MeCEOS Ese tNEHCce-CemsEbeeceosHSeMeEsousceace

30


TABLE 9--FOREIGH OWNERSHIP OF U.S. AGRICULTURAL LANDHOLDINGS BY U.S. . REGION,
OCTOBER 8, 198%--CONTINUED A
(NUMBER)
1 1
1 SOUTH 1 NoRTA CENTRAL
COUNTRY ' -
1

i PARCELS | teres | PARCELS | AZRES | PARCELS | ACRES | PARCELS | ACRES
-- A. L.

t
TORKS ISLANDS f ° 7 829 1 1 2 750
UNITED ARAB EMIRATES = { 5 2,801 0 0 0 () 0 0
TUITRD KINGDON i 128 |ya, 502 74 144,576 56 123,842 59 74,194
URUGUAY I 2 3,095 2 320 1 127 4 8,917
0.5.5.2. 1 0 0 1 80 3 155 0 0
VENPZOELA I 112—«|17,430 0 0 35 7,630 2 1,945
VIETNAM 1 1 152 0 0 0 0 0
YUGOSLAVIA I 0 0 1 1 0 0 1 160
MULTIPLE 1 29 8,101 18 12,924 2 186 2 351
MOLTIPLE < 5% 1 0 1 510 0 0 “0 0
THIRD TIER 1 423 7 56,101 1 179 2 627

1

SUBTOTAL 1/ 1 3,766 1,660,479 2,893 1,644,562 1,878 1,543,176 1,019 429,219

1
US/ARGENTINA { 0 0 0 0 0 0 2 3,560
US/AUSTRALIA t 1 315 1 37 2 125 3 642
US/AUSTRIA I 4 1,245 3 13,710 1 12 r) 0
US/DAHAMAS t 13 (26,106 10 4,703 4 3,390 4 3,274
US/BELGTON I 28 27,122 4 35,397 3 31 4 973
US/BE®MUDA ! 41. (25,187 6 7,998 10 1,417 2 410
US/BRAZIL I 3 1,717 0 0 0 9 1,385
US/BRITISH VIRGEN '

ISLANDS I 3 1,770 3 528 1 90 7 9,641
US/CANADA 1 538 1,275,451 362 406,117 109 1,900,862 63 181,005
US/CAYMAN ISLANDS I 26 (23,946 1 1,341 1 250 4 538
US/CHINA ! 0 4 870 t) 0 0 0
US/COLOMBIA t 4 2,181 1 49 1 160 0 0
US/DRNMARK ! 3 998 3 846 0 0 0 0
US/ECOADOR f 3 1,559 0 0 o 0 0 f)
Us/EGYPT 1 1 49 2 120 0 0 0 0
11S/EL SALVADOR ! 1 12 0 0 0 0 0 0
US/FINLAND 1 n 3,047 0 0 r) 0 0 r)
US/FRANCE ' 189 151,257 30 9,361 25. 152,631 13° 15,040
US/GERMANY (WEST) 1 271 227,327 360 211,161 4B 13,391 59 31,110
US/GREECR 1 1 : 2 4,957 0 0 2 244
TS/GUATEALA 1 3 0 0 0 0 0
US/GUYANA i 2 0 0 0 0 0
S/HONG KONG ! 4 5,048 33 25 973,658 8 55,686
US/TRAN I 5 1,290 5 1 1,900 0 0
M5/TRAQ t 0 0 2 r) 0 0 0
US/TRELAND ' 1 188 0 0 fy 0 0
US/TTALY 1 8 |75,527 2 4 675, 2 391
US/JAPAN 1 24 10,898 27 4 1,949 " 2,117
US/KORRA (SOUTH) t 0 0 1 0 0 0 0
US/KOUAIT 1 0 0 3 0 0 0 0
US/LEBANON 1 4 550 0 2 153 r) 0
US/LIBERIA ! 9 6,502 3 7 6,852 0 0
S/LIRYAN ARAB REPUBLIC] 0 3 t) 0 0 0
OS/LIRCHTRNSTEIN ' 30. [26,865 42 9 1,735 7 7,008
US/LUXEMPOURG ! 1 [12,481 13 2 277 5 1,070
US/MALAYSIA ' 0 0 1 0 0 0 0
US/MEXICO I we /17,690 10 0 0 0 ry
US/NETHERLANDS: t 131 (58,663 182 20° 9,268 2420 -27,497
US/NETHERLANDS ANTILLES| 126 189,061 47 3 1,390 27° 20,229
US/NEW HEBRIDES i 1 2,108 1 0 0 0 0
US/NICARAGUA 1 2 282 0 0 0 0 a
US/NOR WAY 1 3 180 0 2 172 0 0
US/PANANA I 4g |23,781 10 . 12 4,858 16 6,296
0S/PUILIPPINES 1 2 1,193 1 0 0 0 0
US/SAUDI ARABIA ' 19 |12,567 0 f) 0 0 0
US/SOUTH AFRICA 1 2 3,309 0 0 0 0 0 0
US/SPAIN 1 3 3,539 9 2,021 1 393 0 0
US/SWEDEN ' 4 2,341 0 0 1 107 4 874
US/SRITZERLAND I wo 127,140 72 51,002 ar) 5,242 50 20,094
US/TAIWAN 1 1 54 38 4,023 0 0 0 0
OS/THAILAND { 0 0 3 252 0 0 0 0
US/TRINIDAD & TOBAGO | 3 30 =) 0 0 ° 0 0
US/TURKEY 1 2 443 0 0 0 0 0 0
0S/UNITED KINGDON t 1,096 773,364 97 280,476 33° «37,422 613 447,866
US/URUGUAY 1 0 0 0 0 0 0 1 581
US/VENEZUELA 1 46 = |35,768 2 10,780 5 922 0 a)
US/NULTIPLE i 21 8,701 5 6,992 4. 17,706 8 142,035
US/MULTIPLE ¢ 5% ' 1 65 1 10 6 308 3 178
OS/THIRD TIER ' 98 166,647 6 2,981 0 0 4 1,169

1
SUBTOTAL 2/ 1 3,009 3,338,139 1,087 2,193,798 367 2,237,392 1,173 990,971
1
TOTAL ALL 1
LANDHOLDINGS | _ 8-775 4,998,618 3,980 3,838,360 2,245 3,780,568 2,192 1,420,190
Q/ TOTAL INTERESTS EXCLUDING os, CORPORATIONS WITH FORETGN SHAREHOLDERS.
2/ TOTAL INTERESTS OF U.S. CORPIRATIONS WITH FOREIGN SHAREHOLDERS.
18





TABLE 34emDISPOSITIONS OF UsSo AGRICULTURAL LAND BY FUREIGN OWNERS?
BY CITIZENSHIP] OF PURCHASERS» JANUARY 1°0CTOBER 8» 1986

(NUMBER }
eooceoones seco rnessonseconesemecn epee ce ensousescnecnoasence
PURCHASER | PARCELS 1 ACRES
1 REPORTED '

seen enneeceencccocoe sn eoboceerocsccerecneecsson lomocesusncccesscnsenn=
i}

USA | 160 609847

FOREIGN I 88 284360

UNKNOWN. | 35 69222

NO REPORT t 8 i9lo9
l

TOTAL ! 291 969538

eocwcoccesssecens:

TABLE 35e=DISPOSITIONS OF UeSe AGRICULTURAL LAND BY TYPE OF FOREIGN
OWNER» JANUARY leOCTOBER 8» 1984

(NUMBER)
me cew tenn nenenncrn orn decoeeceneneanseeowencnonannseneronsccoomenctoeees
' } ' IPARCELS WITH |
OWNER 1 OWNERS | PARCELS | ACRES [ PARTIAL i} ACREAGE
IREPORT ING (REPORTED ' 1 INTEREST 1 EQUIVALENT @/
1 ' t | REPURTED 2/4
a oe a ae eee eee
INDIVIDUAL { 36 50 59393 4 59164
CORPORATION | 57 208 879367 16 839419
PARTWERSHIP | 10 24 29204 0 20204
TRUST ' 8 9 19574 i 19426
'
TOTAL ' Peay 291 969536 rae 929213

were wcenawelecccccnen secon neeccennnersconacrocc-cwnscscecssosnsessosess

1/_ PARCELS WITH PARTIAL INTERESTS ARE THOSE PARCELS WHICH ARE OWNED
ONLY IN PART BY THE FUREIGN INVESTORS THAT IS) A PERCENTAGE INTEREST
LESS THAN 100 PERCENT, |

2/ ACREAGE EQUIVALENT EQUALS THE TOTAL ACREAGE REPORTED MULTIPLIED
BY THE PERCENTAGE HELO |AY THE FUREIGN OWNER,

TABLE 36eeDISPOSITIONS OF FOREIGNCOWNED UoS, AGRICULTURAL LAND
- BY SIZE OF DISPOSITION, JANUARY 1cOCTOBER 8¢ 1986

i} OWNERS ' PARCELS i) ' SELLING
SIZE 1 REPORTING | REPORTED 1 ACRES 1 PRICE
(ACRES) 1 (NUMBER) 4 (NUMBER) 1 (NUMBER) ' (10000
' i} 1 |. DOLLARS) Ys
nocecbeeeenmennenentowccn-emcoccclecoscocenencene
LESS THAN 20 | 25 33 260 10967
20059 1 19 27 675 139769
60999 | T 7 535 79065
1008299 i) 26 42 49284 389109
300999 ' 20 39 leila 300817
1000 UR MORE | 14 143 799666 699242
i}
TOTAL i) 1li 291 969538 1609969

mer er ewer enenolencwcen neem cen con ecceeececoncos-csesnsesccosncEssceeure

a/) SELLING PRICE 1S/ VALUE AT TIME OF DISPOSITION,

42



TABLE 18--U.S. FOREST ABD OTHER NONAGRICULTURAL LANDHOLDIUGS

BY TYPE OF| FOREIGN OWNER, OCTOBER 8, 1988
(1UMBER)

!
IPARCELS WITH | ACREAGE

{
1
OWNER i] { PARTIAL { EQUIVALENT 2/
{ {INTERESTS 1/ ]
eS t ~-L-------- seb
INDIVIDUAL | 408 | 471 93,615 54 90,080
CORPORATION | 279 2,196 7,086, 138 138 65135,601
PARTNERSHIP | 80 537 364,171 20 360,178
ESTATE 1 2 2 1,611 0 1,611
TRUST 1 19 22 18,143 0 18, 143
OTHER 1 q 5 865 0 865
i
TOTAL 1

792 94233 7,564,543 212 6,656,478

1/ 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 ACREASE REPORTED MULTIPLIED BY
THE PERCENTAGE HELD BY THE FOREIGN OWNER.

No change

Intended use changes to other a

2 percent
change to

TABLE 15--FOREIGH-OWNED J.S. FOREST AND
OTHER NONAGRICULTURAL LANDHOLDINGS
BY SIZE PF HOLDING, OCTOBER 8, 198%

1 | 1
SIZE 1 OWNERS 1 PARCELS 1 ACRES
(ACRES) 1 NUMBER) 1 (NUMBER) 1 (NUMBER
w--- +e Se re
LESS THAN 20] 214 223 1,654
20-59 1 131 134 4,371
60-99 { 55 60 4,316
100-299 1 135 172 22,904
300-999 1 118 192 66,957
1000 OR MORE] 139 2,452 7,464,341
1
TOTAL 1 792 3,233 7, 564,543

in intended use was reported for 92 percent of the acres (table 16).
gricultural usage were reported for holders of

of the acres. Reports for 5 percent of the acres indicate that some

nonagricultural use is intended. Such reports do not necessarily mean,

however, that all of these acre} 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 representing 1 percent df the. acres did not indicate intended use.

|
i 26
|
|
|


TABLE 235e0FOREIGNOOWNED UcSo AGRICULTURAL LAND ACQUISITIONS BY TYPE
OF INTERESTo METHOD OF ACQUISZTIONy AND OWNEROREPRESENTATIVE
JANUARY LoOCTOBER 89 1986

(NUMBER)
poencorecanearcod bose vocoec coco eo uecesosenocc-gesess0s op DeseCR EO DEDAO
ITEM | PARCELS | ACRES
{ REPORTED |
sosonennsanosesnonsoseranncencennasatmaanasnenenonsendonaasesenecoress
INTERESTS {
FEE INTEREST WHOLE ' 294 3699339
FEE INTEREST PARTIAL J/ ! 21 309452
TRUST BENEFICIARY | 1) 40499
PURCHASE CONTRACT | 5 554
OTHER i 6 19657
|
TOTAL | 336 6129501
‘ |
MEYHOD OF ACQUISITION: (
CASH ONLY { 160 770116
CREDIT ONLY I 53 460568
TRADE ONLY i 28 40958"
GIFT/INHERITANCE ONLY | 4 19130
OTHER METHOD ONLY | | 55. 479059
CASH & CREDIT ONLY | 26 2619666
CASH & TRADE ONLY | 1 183
NO REPORT | 9 39819
|
TOTAL | 336 4129501
|
OWNEROREPRESENTAT IVES i
ATTORNEY | 109 3230218
MANAGER 1 72 340161
AGENT i] 27 70458
OTHER 1 128 470964
|
TOTAL I 336 61209501

creer neces encoee rows ececaacececnobanoscoos cess sr esenoe nope ssocenEsaee

U/ THE FEE INTEREST PARTIAL IS USED FOR THOSF PARCELS HHICH ARE
OWNED ONLY IN PART BY THE FOREIGN INVESTORS THAT ISe A PERCENTAGE
INTEREST LESS THAN 100 PERCENT.

35


TABLE 11--USE OF U.S. AGRICULTURAL LANDHOLDINGS BY COUNTRY OF FOREIGN OWNER,
OCTOBER 8, 198%
(ACRES)

1 1 1 1

POREST | OTHER [OTHER NON- {NO OSASE |
[AGRICULTUREJAGRICULTORE} REPORTED |

L.

ANDORPA 200 3,500 ) a2 0 0 3,742
ARGENTINA 4,828 8,458 740 437 459 C) 18,913
AUSTRALIA 155 469 732 840 871 50 3,117
AUSTRIA 17,962 2,530 15,017 539 630 i 36,578
BAHAMAS 9,330 9,626 7,290 2,787 2,289 0 31,322
BELSIUM 6,218 54,015 3,097 1,656 1,485 t) 65,467
BELIZE 778 285 232 55 55 0 1,495
BERMUDA 6,876 1,390 6,046 1,096 2,515 t) 17,923
BOLIVIA 10 0 0 0 0 7
BRAZIL 1,936 403 35 50 732 0) 3,156
BRITISH VIRGIN ISLANDS 4,798 7,855 21,996 2,524 345 0 37,518
CANADA 181,034 171,619 = 1,244,121 39,937 9u, 132 455 1,731,293
CAYMAN ISLANDS 8, 164 1,403 2,792 euy 1,217 0 14,420
CHILE 266 0 5 250 0 0 521
CHINA 696 50 52 369 50 0 1,217
COLOMBIA 1,266 9,516 37 5,128 122 C) 16,069
COSTA RICA 4,759 4,000 0 2,397 5,688 0 16,895
coBA 5 0 3 12 0 20
CZECHOSLOVAKIA 257 153 30 30 15 0 485
DENNARK 5,536 7,124 1,912 34 5,253 0 19,859
DOMINICAN REPUBLIC 2,008 0 0 1 138 0 24197
FCOADOR 208 92 0 674 66 0 1,940
RGYPT 269 65 85 100 0 Cy 519
PL SALVADOR 65 0 it) 0 50 0 194
FRANCE 28, 825 23,328 9,174 6,965 6,749 t) 75,041
SERMANY (WEST) 306, 148 192,474 162,593 30,720 33,926 1,004 | 726,865
GRERCE 322 55,651 174 10 192 0 56,349
GUATPMALA 103 36 28 35 284 0 486
STIYANA ) 0 0 35 0 0 35
HONDORAS 815 Ww 0 60 ) 0 392
HONS KONG 2,166 2,989 5,725 5,487 922 0 16,789
HUNGARY 0 t) 0 103 7 0 110
INDIA 307 140 18 452 26 0 983
INDONESIA 18 300 20 283 52 0 873
TRAN 1,133 593 612 129 1,413 9 3,880
IRAQ 450 100 0 0 0 0 55)

TRELAND 1,418 5,757 2 24 2,423 0 9,624
ISRAEL 350 3,341 141 114 16 0 3,962
ITALY 2,798 6,090 1,882 402 9 0 11,251
TVORY COAST 0 0 80 39 0 ) 119
JAMAICA 0 291 0 19 3 0 313
JAPAN 2,464 108,825 206 875 729 0 113,090
JORDAN 298 88 255 C) 912 0 1,549
KENYA 32 0 0 0 0 0 32,
KORRA (SOUTH) 0 0 353 49 0 0 “to
KUWAIT 707 458 125 67 221 0 1,578
LEBANON 5,362 4,521 731 1,493 1,567 0 13,678
LIBFRTA 1,261 22,822 4,298 ot) 5,179 0 33,560
LIBYAN ARAR REPUBLIC 0 15 0 0 287 0 302
LIECHTENSTEIN 57,033 27,458 10,719 7,367 5,732 0 "108, 309
LOXENBOORG 1,935 712 2,459 632 21 0 5,949
NALAYSTA 40 0 0 99 0 0 139.
MEXICO 19,212 151,616 5,126 28,850 10,325 0 215,129
MOPOCCO 130 23 0 482 49 0 "675.
WAMTSIA 142 0 ty) 0 4 0 105
NETHERLANDS 58,636 47,046 12,416 17, 188 11,939 0 = 147,225
NETHERLANDS ANTILLES 219,165 169,030 64,360 61,496 39, 128 0 544,179
NEW ZEALAND 160 95 5 5 102 0 367
NICARAGUA 0. 940 248 60 199 0 1,348
NIGERIA 0 0 . 0 ) 4 0 14
NORWAY 5,617 667 80 259 520 0 7,143
OMAN 125 126 126 33 39 t) 449
PAKISTAN 2,138 0 0 ) 33 0 2,171
PANAMA 47, 753 86,237 15,371 8,168 24,022 0 181,551
ERO 175 151 2 100 59 0 487
PHILIPPINES 895 686 228 213 7m C) 2,733
POLAND 72 25 50 0 0 0 147
PORTUGAL 497 85 200 0 19 0 . 801
ST VINCENT 295 1,230 1,042 10 60 ) 2,637
SAUDI ARABIA 8,402 3,108 1,222 6,034 2,119 ) 16,925
SINGAPORE 0 1,348 0 39 522 oO. 1,909
SOUTH: APRICA 62 0 0. 164 23 0 249
SPAIN 1,017 1,039 113 182. , wT Oo: 2,542
SWEDEN 1,632 5,370 245, ou 227 0. 7,563
SWITZERLAND 69,981 77,207 46, 026 34,119 33,251 (0. 260,584
SYRIA 2,819 ° 133 335 7 0 4,008
TAIWAN 865 1,144 208 : oO. . 594 0 2,811
TANZANIA 5,000 9,338 1,034 135 4,918 0 20,421
THATLAND 0 120 7 0 4 0 131
TRINIDAD & TOBAGO 1,088 416 63 0 100 0. 1,667
TURKEY 159 283 0. 116 Cy) 0 553
7 COWTINGED +-

21


Concentration of Foreign Ownership of U.S. Agricultural Land

Foreigners have reported acreage holdings in 49 States, Puerto Rico, and Guam
(fig. 1 and table 1). Rhode Island is the only State with no reported foreign-
owned agricultural lands Except for Rhode Island and Maine, only a small pro-
portion of the privately held agricultural land in each State is foreign owned
(fig. 2 and table 1). Deleting the acreage for Maine from the Northeast data,
foreign investment'is concentrated in the South and West which contain 36 and 27,
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, 2,926,559
acres, or 15.5 percent of the privately owned agricultural land in the State

and approximately 21 percent of the reported foreign-owned U.S. agricultural
land. Most of the foreign-owned agricultural land in Maine, 2.8 million acres,
is timberland owned by four large timber firms. One company owns various per-
centage interests in 883,000 acres, another company owns 232,000 acres, and the
other two companies, accounting for 793,000 and 887,000 acres, are U.S. companies
which became foreign persons because they passed the 5-percent AFIDA threshold
figure which defines foreign ownership.

Georgia, South Carolina, and Hawaii have the next largest proportions of reported
foreign-owned agricultural land to all privately owned agricultural land in their
States.

Characteristics of Foreign Owners

Type of Foreign Owner. Individuals are the most common type of owner. They
account for 50 percent of the owners, followed by corporations, 34 percent, and
partnerships, 13 percent (table 2). The remaining 3 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 50 percent of the parcels and 83 percent of the acreage; indi-
viduals, 36 percent of the parcels and 7 percent of the acreage; partnerships,

12 percent of the parcels and 9 percent of the acreage; and all others, 2 percent
of the parcels and 1 percent of the acreage. When partial interests are taken
into account, foreign-owned acreage drops from 14 million acres to an equivalent
of 12.6 million, but distribution among the types of owners remains virtually the
same.

Corporate-held parcels average 1,528 acres, or 3,905 acres per holder, while
individual-held parcels average 175 acres, or 216 acres per holder. Partnership
holdings average 707 acres per parcel, or 1,209 acres per holder, and all other
holdings average 571 acres per parcel, or 664 acres per holder.

Size of Holding. Holdings are concentrated with smaller acreages held by indi-
viduals and larger acreages held by corporations (tables 2 and 3). Owners of
parcels with less than 300 acres (70 percent of all of the foreign owners) hold
less than 3 percent of the land and owners of parcels with 300 acres or more (the
remaining 30 percent) hold more than 97 percent of the land (table 4). Part of
this concentration can 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 among the
States.


TABLE 37eeDISPOSITONS OF UeSe AGRICULTURAL LAND BY COUNTRY OF FOREIGN
OWNER? JANUARY leOCTOBER 8» 1984

| OWNERS 1 PARCELS | | SELLING
COUNTRY 1 REPORTING {| REPORTED 1 ACRES i) PRICE
i (NUMBER) | (NUMBER) | (NUMBER) | (1000
1 fi _ i DOLLARS) Jy
ee ee een, ett oe ot eee
AUSTRALIA 1 L 6 19 21
BELGIUM 1 1 1 12 ll
BRITISH VIRGIN ISLANDS 1 2 2 19380 29645
CANanA 1 al 36 19643 179602
CAYMAN ISLANDS 1 1 1 132 Leauu
CHINA i 1 1 3 125
DOMINICAN REPUBLIC 1 a ay 14 341
GERMANY (WEST) 1 13 15 31249 50665
HUNG KONG i} 1 4 156 157
TRELAND 1 1 2 240 oT
LIBERIA i] 1 1 100 19415
MEXICO i) 2 3 19046 19223
NETHERLANDS 1 4 5 ly5l2 39456
NETHERLANDS ANTILLES | 6 9 lls711 129894
PANAMA ' 2 3 608 29628
SAUDT ARABIA 1 1 1 19630 39993
SPAIN f) 1 1 a4 19492
SI TZERLAND 1 8 10 19489 20972
UNITED KINGDUM 1 4 7 149535 79438
VENEZUELA ' 1 1 lo 13
MULTIPLE 1 1 1 a 236
THIRD TIER 1 1 1 588 29790
i}
SUBTOTAL 2/ 1 75 114 409295 689814
'
US/BERMUDA i) 1 1 154 50
US/CANADA 1 6 24 79002 339249
US/CAYMAN ISLANDS i} 1 1 1 2
US/ERANCE ' 4 9 39097 149114
US/GERMANY (WEST) i 2 2 Sue 79031
US/ JAPAN ' 1 1 45 45
US/LIBERTA 1 a 1 26 19917
US/LIECHTENSTEIN 1 1 4 29244 39365
+ US/NETHERLANDS 1 2 79 319705 329223
US/NETHERLANDS ANTILLES] 2 2 29068 20224
US/PANAMA t 1 1 43 . 193
US/SAUDT ARABIA 1 1 1 18 35
US/SWITZERLAND 1 2 5 222 266
US/UMNITED KINGDOM 1 9 43 89716 169948
US/THIRD TIER ' 2 3 338 ane
{
SURTOTAL 3/ i) 36 177 569243 1129155
1
TOTAL ALL 1
LAND DISPOSITIONS 1 lll 291 969538 1809969

amen ewww ee new eeemeesend-secececscoceoocsascscecee cesses scesosrssereesrae

4/ SELLING PRICE IS VALUE AT TIME OF DISPOSITINN.

2/ TOTAL INTERESTS EXCLUDING UeS. CORPORATIONS wITH FUREIGN
SHAREHOLDERS +

a/ TOTAL INTERESTS OF U.S. CORPURATIONS WITH FOREIGN SHAREHOLDERS»

Most of the dispositions occurred in the West, covering 19 percent of the parcels
and 53 percent of the acres (table 38). U.S./Netherlands corporations disposed
of 44 percent of the acres in this region. The South accounted for 55 percent
of the disposed parcels and 43 percent of the acres. Foreign persons from the
Netherlands Antilles not associated with a U.S. corporation and U.S./Netherlands
corporations were responsible for 49 percent of the acres disposed in the South.

43


TABLE 39*eDISPOSITIONS OF U.S. AGRICULTURAL LAND BY COUNTRY OF FOREIGN OWNER? BY USEy
JANUARY Raretitray By 1984
ACRES)

1 i)
COUNTRY 1 CRUPLAND [| PASTURE | FOREST. | OTHFR —JOTHER NUN® | NO USAGE | = TUTAL
f ' i TAGRICULTUREIAGRICULTURE| REPORTED |

woodvans.

wobmcenecsccen

'
AUSTRALIA ' ° 0 0 o 19 0 1
BELGIUM ' ° 9 3 ) ° ° 12
BRITISH VIRGIN ISLANDS | 19228 ° 25 ° 127 ° 19360
CANADA 1 19172 37 40 283 a ° 19643
CAYMAN ISLANDS 1 ° 132 ° ° 0 ry 132
CHINA ( ° ° 0 3 0 ° 3
OUMINICAN REPUBLIC ' 14 o 0 C) ° 0 14
GERMANY (WEST) ' 14010 78 19723 400 38 0 39269
HONG KONG ' ° ° 158 0 0 ° 156
TRELAND 1 ° 240 0) 0 0 ° 240
LIRERIA 1 160 ° 0 ° 0 ° 160
MEXICO 1 88 960 0 ) ° 0 14048
NETHERLANDS, I ° 0 19457 55 ° Lyb12
NETHERLANDS ANTILLES =| 19338 19388 19937 ° 19048 0 ale?
PANAMA ' 164 418 0 0 2 0 ou
SAULT ARABIA 1 25 19605 0 ° 0 0 11630
SPAIN 1 16 ° 0 0 1 0 7
SWITZERLAND 1 19082 ° 235 160 12 ° 19489
UNTTED KINGDOM ' 149193 179 ° 15 148 ° 149535
VENEZUELA ' ° 0 10 ° 0 10
MULTIPLE ' 0 o) ° ° a7 ° 7
THIRD TIER ' 532 o ° ° 56 ° 566

1
SUBTOTAL J/ ! 27,082 59046 4e13 29318 19718 ° 409295

'
US/BERMUDA ' ° 154 ) ) ° ° 154
US/CANADA ' 80 10 69237 375 300 ° 79002
US/CAYMAN ISLANDS 1 0 o ° ° L i) L
US/FRANCE i 83 878 ° 20125 41 ° 34097
US/GERMANY (WEST) 1 119 150 25 ° 210 ° 504
US/ JAPAN l 45 ° 0 0 0 0 45
US/LIBERTA ' ° ° ° ° 26 ° 26
US/LIECHTENSTEIN t 29181 ° 0 ° 63 ° 29246
US/NETHERLANDS: 1 39003 199870 39386 432 59014 ° 31le7u5
US/NETHERLANDS ANTILLES! 2060 ° 0 0 8 ° 21068
US/PANAMA ( 0 0 43 0 v o 43
US/SAUDT ARABIA 1 ° 0 18 ° ° 0 18
US/SWITZERLAND 1 103 12 12 ° 35 ° 222
US/UNITED KINGDOM ' 63 29485 39385 29674 169 ° ByTTO
US/THIRD TIER ' 226 1 7 72 30 ° 338

1
SUBTOTAL 2/ i) 79965 239560 139173 59678 59867 oO 569243

!

TOTAL ALL i
LAND DISPOSITIONS =| 359047 281606 179306 79996 79585 ° 969538
wneecene: erererenentocen were een ane nn sewenseenccenen- ease conn eneneseenenneasenesncscoenerave

1/ TOTAL INTERESTS EXCLUDING UsSs CORPORATIONS WITH FUREIGN SHAREHOLOERSs
2/ TOTAL INTERESTS UF UsS- CURPORATIONS WITH FUREIGN SHAREHOLDERSe

Trends

The data through October 8, 1984, are skewed toward the first part of the year,
whereas the data for 1981, 1982, and 1983 are more evenly distributed throughout
the year (table 40). This has also been the case for current—year data in past
AFIDA reports. This can be explained primarily in terms of AFIDA which allows
persons 90 days within which to report their transactions to USDA. Consequently,
not all of the transactions occurring in the 90 days preceding the closing date
of the report are reported to USDA by that date. Some of the skewing is also due
to reports that are not timely filed and/or completed by the closing date. The
foregoing discussion also means that the current data, and in some instances data
for prior years, are understated and should be regarded as preliminary. In ad-
dition, unlike the net data in the acquisitions section, the acquisitions figures
here are gross figures; that is, total acquisitions without reductions for dis-
positions.

45


TABLE 2@0U,S. AGRICULTURAL LANDHOLDINGS BY TYPE OF FOREIGN OWNERs
OCTOBER 8» 19846

(NUMBER)

ee ee eee en

! [PARCELS WITH ACREAGE

I |
OWNER 1 QWNERS | PARCELS | ACRES ' PARTIAL
( t ! {INTEPESTS U/ | EQUIVALENT 2/
a i a a, ee te etme etme
|
INDIVIDUAL | 49382 59415 9479323 517 8139A48
CORPORATION | 29966 77581 1195830265 570 1094409503
PARTNERSHIP | 19689 1.0862 193160653 271 16203904)
ESTATE ! 18 18 309771 2 39930
TRUST i 254 287 1719196 10 1660533
INSTITUTION t ? 2 8e5 1 - a25
ASSOCIATION | 1 2 5 7R0 2 30988
NTHER ' 15 25 89663 0 Be 663
t
TOTAL ( 89724 159192 1490370736 19373 1266419331

es ee eee een ene tt thir

1/ PARCELS

WITH PARTIAL

INTERESTS ARE THOSE PARCELS WHICH ARE

OWNED

ONLY IN PART BY THE FOREIGN INVESTOR§ THAT 1S A PERCENTAGE INTEREST LESS

THAN 100 PERCE
2/ ACREAGE
THE PERCENTAGE

NT,
EQUIVALENT &
HELD RY THE

In States where foreigners own

situations prevents any generalization about concentration.

QUALS

THE TOTAL ACREAGE REPORTED MULTIPLIED BY

FOREIGN OWNER,

few parcels, the possibility of one or two unusual

For example, one

large timber holding by a foreigner in a State with a large number of field-crop
farms could easily be misinterpreted to suggest that a single foreigner was
taking over the farming of the State.

Purchase Price and Value of Holdings.

Owner,

corporations own 84 percent of the acreage.

As noted earlier under "Type of Foreign
However, corporate purchase

price and nonpurchase price (estimated value) at time of acquisition account

for only 74 percent of the total purchase price (table 5).

The average per acre

purchase price and nonpur chase price (estimated value) at time of acquisition was
the lowest for corporations at $679; followed by individuals, $1,019; partner-
ships, $1,205; and all others! $1,210.

For recent acquisitions, purchase price generally will be close to, but not

necessarily the same as, current value.

a poor indicator of current value.
date of acquisition was adjusted to April 1984 for all years prior to 1984

(table 6).

As time passes, purchase price becomes
‘For this reason, reported current value by

The total adjusted current value indicates a l-percent increase in

the reported current value. The adjustment factor 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. 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 October 8, 1984. Because land is continu-
ally being disposed by foreign owners or there are changes in status from foreign