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

Purchase Price and Value of Holdings. As noted earlier under
"Type of Foreign Owner," corporations own 71 percent of the
acreage. Corporate purchase price and nonpurchase price
(estimated value) at time of acquisition account for 69 percent
of the total price (table 5). The average per acre purchase
price and nonpurchase price (estimated value) at time of
acquisition was the lowest for partnerships at $702; followed by
corporations, $708; individuals, $915; and all others, $1,150.

For recent acquisitions, purchase price generally will be close
to, but not necessarily |the same as, current value. As time
passes, purchase price becomes a poor indicator of current value.
For this reason, reported current value by date of acquisition
was. adjusted to January|1993 for all years prior.to 1993 (table
6).. The total adjusted|current value indicates a. 4-percent
decrease from the reported current value. The adjustment factor

TABLE 4--FOREIGN-OWNED U.S. AGRICULTURAL LANDHOLDINGS
BY SIZE OF HOLDING, DECEMBER 31, 1993

SIZE lowers PARCELS ACRES
(ACRES) (NUMBER ) (NUMBER) (NUMBER)
J

LESS THAN 20 850 891 8,817
20-59 1,332 1,513 45,346
60-99 691 817 53,601
100-289 1,704 2,151 300,894
300-989 1,633 2,495 902,397
14000 OR MORE 1,240 5,058 13,334,405
TOTAL 7,450 12,925 14,645,460

TABLE 5--VALUE OF U.S. AGRICULTURAL LANDHOLDINGS
BY TYPE oF FOREIGN OWNER, DECEMBER 31, 1993

ACRES ACRES
WITH PURCHASE WITH NON-

OWNERS PURCHASE PRICE .1/ NON- PURCHASE

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

REPORTED | DOLLARS) PRICE (4,000

(NUMBER) * REPORTED DOLLARS)

(NUMBER )

INDIVIDUAL 2,909 764,049 785,907 152,179 52,736
CORPORATION 3.149 8,134,046 - 6,214,892 . 2,275,947 1,142,655
PARTNERSHIP 1,118 2,775,891 1,935,469 288,617 216,423
ESTATE ja 281 1,073 700 59
TRUST 229 217,209 253,036 16,196 9,172
INSTITUTION 3 4,075 1,367 ° °
ASSOCIATION 2 9,402 12,789 ° °
OTHER 8 7,264 13,506 2,604 2,034
TOTAL 7.480 11,909,217 . 9,218,039 2,736,243 1,423,076

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

ACQUISITION.

10



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

UANUARY 1 - DECEMBER 31, 1993
OWNERS PARCELS ACRES VALUE
COUNTRY REPORTING | REPORTED (NUMBER) (14,000
(NUMBER ) (NUMBER ) DOLLARS) 4/

AUSTRIA 2 3 669 754
BRITISH VIRGIN ISLANDS 1 1 66,490 15,619
CANADA 20 23 18,934 29,076
CAYMAN ISLANDS 1 1 11,068 2,693
CHILE 1 1 300 2,225
COSTA RICA 1 1 416 183
FRANCE 1 1 3,295 700
GERMANY 24 34 9,886 8,354
JAPAN 1 1 120 300
MEXICO 3 3 264 755
NETHERLANDS 9 10 1,778 2,273
PAKISTAN 1 1 80 208
SOUTH AFRICA 1 1 164 300
SPAIN . 1 1 174 644
SWEDEN 2 3 17,820 930
SWITZERLAND u 4 6 328 579
TAIWAN 2 2 85 707
THAILAND 1 1 8 55
UNITED KINGDOM 8 24 17,584 12,199
VENEZUELA [1 1 819 2,457

SUBTOTAL 2/ 85 116 150, 282 81,008
US/ARGENTINA 1 1 252 220
US/BELGIUM 1 1 46 64
US/BERMUDA 1 1 32 1,360
US/BRITISH VIRGIN

ISLANDS 2 6 129,850 6,446
US/CANADA 8 13 16,116 4,734
US/FRANCE 6 37 25,704 23,192
US/GERMANY 15 39 10,609 14,800
US/ISRAEL 1 2 157 5,425
US/JAPAN 7 18 7,576 8,071
US/JORDAN 1 1 129 3,000
US/LIECHTENSTEIN 3 3 8,653 5.4
US/MEXICO 1 1 2,200 880
US/NETHERLANDS 3 3 3,081 8,158
US/NETHERLANDS ANTILLES 1 1 649 1,551
US/PANAMA 1 1 6,787 6,972
US/PARAGUAY 1 1 236 270
US/PERU 1 2 345 445
US/SAUDI ARABIA 1 1 105 275
US/SWITZERLAND 5 12 2,622 3.434
US/TAIWAN 1 1 68 460
US/UNITED ARAB EMIRATES 1 2 596 2,084
US/UNITED KINGDOM 9 34 7,133 8,232
US/MULTIPLE 1 2 87 85

SUBTOTAL 3/ 72 183 223,033 105,506
TOTAL ALL

LAND ACQUISITIONS 157 299 373,315 186,514

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

2/ TOTAL
SHAREHOLDERS

INTERESTS EXCLUDING U.S.

CORPORATIONS WITH FOREIGN

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

31


Acquisitions

Foreign persons reported that they had acquired 299 parcels of
U.S. agricultural land, covering 373,185 acres during January 1-
December 31, 1993 (tables 18 and 19). Included in these acquisi-
tions data are reports filed by U.S. entities that became foreign
during the period. This change occurs when a significant inter-
est or substantial control in a U.S. entity is subsequently
acquired by a foreign person. Consequently, all of the reported
acres are not necessarily recent land purchases. These ac-
quisitions could include land held for any length of time by a
U.S. entity that recently. came within the definition of a foreign
person under the act.

The reported acquisitions data should be regarded as preliminary
in that they understate the total acreage acquired by foreign
persons during the reporting period. Because foreign persons
have a statutory 90 days within which to report their acquisi-
tions, not all the acquisitions acquired in the 90 days preceding
the December 31, 1993, closing date of this report were received
for processing by USDA. Therefore, a number of reports for
October, November, and December are not included in this report.
A further understatement of the acreage acquired by foreign
persons during the reporting period may result from reports that
are not timely filed and/or.completed by the closing date of this
report. Consequently, such reports would not. have been processed
for inclusion in this report.

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

UANUARY 1 - DECEMBER 31, 1993
STATE VALUE STATE VALUE
AND U.S. ACRES (4,000 AND U.S. ACRES (1,000
TERRITORY (NUMBER ) DOLLARS) TERRITORY (NUMBER ) DOLLARS)
av Vv
ALABAMA 18,495 15,422 |NEVADA 130, 137 6,023
ARIZONA 8,008 6,360 |NEW HAMPSHIRE 10 105
ARKANSAS. 10,700 6,425 |NEW MEXICO 8,320 1,634
CALIFORNIA 1,084 10,734 |NEW YORK 1,924 592
COLORADO 29,595 10,454 |NORTH CAROLINA 301 454
FLORIDA 9,876 12,239 OHIO 2,538 3,068
GEORGIA 5,022 6,803 [OKLAHOMA 1,124 893
HAWAIT 86 807 |OREGON 225 5,269
ILLINOIS 4,307 9,979 |PENNSYLVANIA 1,760 5,165
INDIANA 672 1,789 |SOUTH CAROLINA 1,601 2,011
KANSAS 320 164 | TENNESSEE 195 785
KENTUCKY 2,958 9,655 |TEXAS 77,891 30,178
LOUISIANA 702 541 [UTAH 2,038 2,168
MAINE 25,575 4,280 | VERMONT 333 413
MICHIGAN 342 656 | VIRGINIA 413 1,142
MINNESOTA 870 144 |WASHINGTON 176 1,358
MISSISSIPPI 6,200 6,830 |WEST VIRGINIA 369 276
MISSOURI 3,280 1,374 |WISCONSIN 2,733 15,861
MONTANA 648 125 | WYOMING 12,804 3,845
286 523

NEBRASKA TOTAL 373,315 186,514

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

27


Corporations account for| the largest number of owners reporting
acquisitions of forest or forest and other nonagricultural land--
67 percent of the owners) reported acquiring 69 percent of the
parcels covering 87 percent of the acres (table 29).

Owners of parcels with less than 1,000 acres, 74 percent of the
owners, reported acquiring 40 percent of the parcels covering
only 9 percent of the forest or forest and other nonagri-
cultural lands (table 30). The remaining 26 percent of the
owners, owning parcels with 1,000 or more acres, reported
acquiring 60 percent of the parcels covering 91 percent of these
lands.

Intended Use

Reports for 98 percent of the acres indicated no change in: land
use (table 31). Intended changes to other agricultural and
nonagricultural uses were reported for holders of 1.9 percent of
the acquired acres. Because the form asks for changes by parcels
and not acres, all of these acres may not be affected by the
indicated changes. No reports on intended use were received for
0.1 percent of the acres).

TABLE 29--U.S. FOREST| AND OTHER NONAGRICULTURAL LAND ACQUISITIONS
BY TYPE OF FOREIGN OWNER, JANUARY 1 - DECEMBER 31, 1993

(NUMBER)
PARCELS WITH
OWNER OWNERS PARCELS ACRES PARTIAL ACREAGE

REPORTING| REPORTED INTERESTS EQUIVALENT 2/

REPORTED 1/
INDIVIDUAL 3 3 148 1 132
CORPORATION 18 48 40,057 ° 40,057
PARTNERSHIP 4 16 4,811 ° 4.814
TRUST 2 3 375 ° 975
TOTAL 27 To «45,991 1 45,975

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

LESS THEN 100 PERCENT.
2/ ACREAGE EQUIVALENT EQUALS THE TOTAL ACREAGE REPORTED MULTIPLIED
BY THE PERCENTAGE HELD BY THE FOREIGN OWNER.

TABLE 30--FOREIGN ACQUISITIONS OF U.S. FOREST AND OTHER NONAGRICULTURAL
LAND BY SIZE OF ACQUISITION, UANUARY 1 - DECEMBER 31, 1993

SIZE owners PARCELS ACRES VALUE

(ACRES) REPORTING REPORTED (NUMBER ) (1,000
(NUMBER) (NUMBER ) DOLLARS) 1/
|
LESS THAN 20 4 4 27 176
20-59 5 5 197 351
60-99 3 5 266 550
100-299 2 3 385 142
300-999 6 1 3,471 2,182
1000 OR MORE 7 42 41,645 46,129
TOTAL 27 70 45,991 43,530

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

36



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

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

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

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

cept is intended to ease the reporting burden.

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

entities are treated as separate owners.

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

|
|

4


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

. UANUARY 1881 ~ DECEMBER 1993~-CONTINUED

acourst tions prspositr0Ns
DATE |
PARCELS ACRES VALUE PARCELS ACRES VALUE
REPORTED (numaer) | (1,000 REPORTED (numeer) | (4,000
(NUMBER) | DOLLARS) 1/ (NUMBER) DOLLARS) 1/
1991 |
UANUARY 51 16,773 57.906 28 4,760 5.419
FEBRUARY 40) 43.480 39,099 38 5,209 11,022
MARCH a9 | 44.660 48.286 19 1061042 16,607
APRIL 33 84.614 35.475 a2 50.151 18,208
MAY 98 201523 36,099 28 5.564 21326
JUNE 40 75.441 30,849 36 190,028 23,669
YULY 143 192/049 169,087 15 7.2392 8.717
AucusT 38 9,085 14,298 36 alaza 6,029
SEPTEMBER 34 241240 28,249 18 21768 8,201
OCTOBER 28 6.714 71235 33 16.865 7.183
NOVEMBER 26 7930 14,282 29 8,042 3119
DECEMBER 83 35,981 37.268 67 162.714 271007
MULTIPLE ° ° ° 1 60 914
TOTAL 62a | 437,827 818,103 390 138,408
1902
UANUARY 6s 11,116 19,139 49 24,368
FEBRUARY at 71802 26,857 23 31622
MARCH 33 44,499 40.074 50 16,800
APRIL 36 22/386 42,724 67 10,626
May. 25 42,898 13.587 84 91946
JUNE 33 181570 16.177 56 44.729
JULY 42 36.624 48.719 33 14.672
AucusT 39 81,835 96408 87 103/553
SEPTEMBER aa 157.563 55.794 56 13.366
OcTORER 36 14.120 241212 39 31917
NOVEMBER 105 107.394 48.281 255 12/947
DECEMBER 60 46.184 311052 72 32,016
MULTIPLE ° ° ° 1 291
TOTAL 560 587,991 461,955 892 725,961 260,980
1993
JANUARY 29 9.914 20,764 55 19,943 14,626
FEBRUARY 28 91017 11.303 st 9209 91388
MARCH 45 36,751 26.416 69 36.726 181459
APRIL aa 13.658 19.577 82 27.231 18, 188
MAY 24 84.775 29.268 aT 126.781 281352
UNE 38 251982 20.453 51 331156 13,228
QULY 32 443,144 13.193 45 11.320 51653
AUGUST 17 | 31964 31252 78 16.673 61460
SEPTEMBER 32 21,489 36.468 a7 11.806 10.226
OCTOBER Fy 20.950 4.408 a4 190,502 36.305
NOVEMBER a 2.677 917 18 13,067 41912
DECEMBER ° ° ° 7 21344 4.089
TOTAL 299 373,918 186,019 858 498,458 169,866

4/ VALUE 1S PURCHASE PRICE OR |NONPURCHASE PRICE (ESTIMATED VALUE) AT TIME OF ACQUISITION.

Program Costs and Penalties

Administration of the Agricultural Foreign Investment Disclosure
Act of 1978 for obtaining and analyzing the data required an
estimated 9.5 staff-years at a cost of approximately $465,000 to
USDA for the past year,| of which the Agricultural Stabilization
and Conservation Servic: contributed approximately 8.3 staff-
years at an estimated cost of $410,000. The remaining costs and
staff-years are attributable primarily to the Economic Research
Service, with some contributions by the Office of the General
Counsel and the Office of Public Affairs.

During 1993, USDA assessed 97 penalties for late filings,
totaling $56,900.

46



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

UANUARY 1981

- DECEMBER 1993

ACQUISITIONS DISPOSITIONS,
DATE |
PARCELS ACRES VALUE PARCELS ACRES VALUE
REPORTED (NUMBER) | (1,000 REPORTED. (NUMBER) | (1,000
(NUMBER) | DOLLARS) 1/ (NUMBER ) DOLLARS) 1/
1981
UANUARY 151 67,016 108,977 33 44,196 29,207
FEBRUARY 152 44,004 87,272 38 11,026 17.559
MARCH 283 «| 2.488.783 1,920,853 aa 105, 183 31,220
APRIL 175 104,963 126,694 55 50,497 35, 157
MAY 187 144,690 224,130 55 10,853 17,382
JUNE 196 115,743 111,743 60 50,818 35.890
yULY 176 137,844 183,462 54 61,558 41,688
AUGUST 196 376,852 167,431 45 261419 58.695
SEPTEMBER 156 50,684 104,517 40 5.287 8.718
OCTOBER 155 110.969 64,853 47 18,190 131804
NOVEMBER 155 75,149 76.666 50 23,154 18.752
DECEMBER 148 113,428 108,537 61 31,424 35,779
MULTIPLE 7 1,846 2.018 1 11 204
TOTAL 2,198 |3,831,971 3,284,153 600 438,493 344,025
1982
YANUARY 192 91,675 184,961 64 32,954 44,881
FEBRUARY 103 51.792 73,947 36 28,870 17,294
MARCH 143 50.474 91.689 38 7.468 11.460
APRIL 121 55.098 67.169 38 281722 20.708
May 119 84,260 651485 39 91156 6.175
JUNE 139 78,924 65.084 a7 29.471
vULY 136 701556 87.916 39 111608
AUGUST 108 192,259 97.743 31 15.860
SEPTEMBER 78 ATANG 35,028 29 24,456
OCTOBER 97 38,589 34,408 43 21830
NOVEMBER 88 125, 187 157,806 38 18.900
DECEMBER 81 36.314 55,668 56 15,698
MULTIPLE 7 5.552 3.875 ° °
TOTAL 1,422 927,796 990,767 495 222,980 303, 100
1983
UANUARY 98 31,593 59,186 29 12,689 14,839
FEBRUARY 78 45,893 47,207 35 125.211 23,649
MARCH 78 22,281 46.234 33 8,104 15,202
APRIL it 92.047 59.155 70 20,300 221575
MAY 117 37.300 67.493 68 27,497 18,420
JUNE 7a 29.725 56.413 59 7.096 44,642
JULY 86 46.511 46,579 53 18,659 27,690
AUGUST 70 33.685 30.760: 53 34.153 31677
SEPTEMBER oz] 104,823 98,673 40 11,272 12,203
OCTOBER 48 19,091 27.416 at as74 28.029
NOVEMBER 7 55,024 324,795 61 176,802 290,889
DECEMBER 79 32,502 64,826 75 15.809 34.139
TOTAL 987 550,475 928,737 617 162,163 552,954
1984
‘UANUARY 114 318,532 198,377 126 55,223 56.139
FEBRUARY a3 19.078 50.271 27 13,920 22.447
MARCH 67 78,118 89,462 52 26.609 24,878
APRIL at 72.868 95,844 47 34,384 40.479
MAY 66 14,031 19,148 39 7.521 10,568
JUNE 73 50,632 68.270 42 29,884 37,041
yULY 52 14,053 155,774 47 44; 162 24.759
AUGUST 68 35.707 90,410 43 12,895 30.473
SEPTEMBER 56 26,697 41,418 3a 6.278 9.699
OCTOBER a7 19.633 16,590 34 17,760 27.044
NOVEMBER 46 43,760 44,772 61 14,085 16,550
DECEMBER 88 964,261 278,404 1 836,284 101,679
MULTIPLE 1 170 875 ° ° °
TOTAL so02 | 1,657,480 —-1, 106,252 612 1,069,005 402,056
1985
UANUARY 50 114,392 72,864 27 7,395 9.947
FEBRUARY 28 8.811 24,415 19 121167 10,991
MARCH a3 13,347 88,184 29 5.798 16,496
APRIL 46 17,054 20.673 47 9,285 413,290
May at 60.793 23.631 34 2.844 6.900
YUNE 40 21,624 25.161 26 26.265 wN.4a74
JULY 49 68,482 1447 27 2,062 3.414
AUGUST 35 8,734 15,252 31 71434 4,109
SEPTEMBER 115 | 1,754,946 39.974 28 193,417 11,736
OCTOBER 58 17,208 85.453 33 14,953 7.853
NOVEMBER 25 8,705 26,469 18 6.974 7340
DECEMBER 139 83,297 74,154 144 37,826 0. 159
MULTIPLE 1 439 293 ° ° °
TOTAL, 670 | 2,177,892 544,667 463 326,417 153,346
CONTINUED --
44



.S. Department of Agriculture
Economic Research Service
1301 New York Ave., NW.
Washington, DC 20005-4788


TABLE 38--DISPOSITIONS OF U.S. AGRICULTURAL LAND BY COUNTRY OF FOREIGN OWNER, BY U.S. REGION,
UANUARY 1 - DECEMBER 31, 1993
(NUMBER )
SOUTH west NORTHEAST MIDWEST
COUNTRY |
PARCELS | ACRES | PARCELS | AcRES | PARCELS | ACRES PARCELS | ACRES
REPORTED REPORTED REPORTED REPORTED
AUSTRIA 3 766 ° ° ° ° ° °
BAHAMAS, 1 202 ° ° ° ° ° °
BELGIUM 1 7 ° ° ° ° ° °
BERMUDA ° ° 1 od ° ° 1 223
CANADA 7 944 1 20 9 73,081 1 160
DENMARK ° ° ° ° ° ° 2 160
FRANCE ° ° ° ° 1 204 ° °
GERMANY 20 10,573 17 4,295 4 840 3 2,027
vAPAN ° ° ° ° 1 1.176
LIECHTENSTEIN 3 1175 1 1,800 ° ° ° °
MEXICO 1 24 ° 9 ° ° ° °
NETHERLANDS . 2 163 ° ° 1 7 ° °
NETHERLANDS ANTILLES 5 2.927 ° ° ° ° ° °
PAKISTAN ° ° 6 2,480 ° ° ° °
SWITZERLAND 3 87 ° ° ° ° ° °
TAIWAN ° 1 68 ° ° ° °
UNITED KINGDOM 24 1,753 7 7.149 ° ° 2 39
VENEZUELA 1 320 ° ° ° ° ° °
SUBTOTAL 1/ 68 18,938 aa 15,813 12 74,102 16 3,785
US/BAHAMAS ° ° 6 14,900 ° ° ° °
US/BELGIUM ° ° ° ° ° ° 4 20
US/CANADA 46 13,761 1 51 2 28 20 917
US/F INLAND 2 87 ° ° ° ° ° °
US/FRANCE 52 18,404 8 9,927 90 161,628 29 7,290
US/GERMANY 5 1,954 ° ° ° ° 2 574
US/ITALY 5 32 ° ° ° ° ° °
US/JAPAN 2 69 3 4,363 ° ° ° °
US/LIECHTENSTEIN ° ° 4 640 1 30 5 897
US/MEXICO 2 39 3 110,256 ° ° ° °
US/NETHERLANDS 1 3,029 ° ° ° ° 2 95
US/NETHERLANDS ANTILLES 1 3,295 ° ° ° ° ° °
US/PANAMA ° ° 1 379 ° ° ° °
US/SWITZERLAND 6 5,632 1 257 ° ° 1 568
US/UNITED KINGDOM 25 5,250 8 4,535 1 1 1 16.851
US/THIRD TIER 1 1 ° ° ° ° °
SUBTOTAL 2/ 148 51,553 32 145,308 94 161,747 154 27,212
TOTAL ALL
LAND DISPOSITIONS 216 = 70,491 66 161, 121 106 235,849 170 30,997

1/ TOTAL INTERESTS EXCLUDING U.S.
B/ TOTAL INTERESTS OF U.S. CORPOR

42

conporarrows WITH FOREIGN SHAREHOLDERS
TIONS WITH FOREIGN SHAREHOLDERS.


TABLE 8--U.S. AGRICULTURAL LANDHOLDINGS BY COUNTRY OF. FOREIGN OWNER,
DECEMBER 31, 1993
(NUMBER )

COUNTRY OWNERS PARCELS | ACRES
ARGENTINA 36 a4
AUSTRALIA 15 18
AUSTRIA 87 83
BAHAMAS 33 a9
BAHRAIN 2 2
BARBADOS 1 3
BELGIUM 88 103
BELIZE 4 6
BERMUDA 49 65
BOLIVIA 2 2
BRAZIL 7 10
BRITISH VIRGIN ISLANDS at a5
CANADA 1,934 1,639
CAYMAN LSLANDS. a6 55
CHILE 8 4
CHINA 6 7
COLOMBIA 32 38
COSTA RICA 8 10
CROATIA 2 2
CUBA 2 2
CZECH REPUBLIC 2 3
DENMARK 18 21
DOMINICAN REPUBLIC 42 12
ECUADOR 23 29
EGYPT 13 15
EL SALVADOR 3 3
FINLAND 1 1
FRANCE 146 185
GAMBIA 1 1
GERMANY 1,054 1,695
GREECE 17 24
GUATEMALA 10 4
GUYANA 1 1
HONDURAS 12 12
HONG KONG 61 89
HUNGARY 1 t
INDIA 12 14
INDONESIA 2 4
IRAN 20 23
IRELAND 6 18
ISRAEL 5 6
ITALY 36 50
IVORY COAST 1 1
UAMAICA 3 4
UAPAN 99 128
YORDAN 16 18
KAMPUCHEA 1 1
KOREA (SOUTH) 8 8
KUWAIT 4 16
Laos 4 1
LEBANON 32 a2
LIBERIA 15 24
LIECHTENSTEIN 117 166
LUXEMBOURG 7 W
MALAYSIA 4 8
MEXICO 223 283
Morocco 2 5
NAMIBIA 2 3
NETHERLANDS, 239 310
NETHERLANDS ANTILLES 296 388
NEW ZEALAND 4 8
NICARAGUA 3 4
NORWAY 22 22
OMAN 2 5
PAKISTAN 6 6
PANAMA 131 160
PERU 19 20
PHILIPPINES 29 a4
POLAND 1 1
PORTUGAL 6 9
RUSSIA 1 4
ST VINCENT 2 4
SAUDI ARABIA 43 60
SINGAPORE 3 3 ,
SOMALIA 1 4
SOUTH AFRICA 6 6
SPAIN 18 23
‘SWEDEN 29 44
SWITZERLAND 368 509
SYRIA 6 8
TAIWAN 29 33
TANZANIA 2 2
THAILAND 8 10
TRINIDAD & TOBAGO 3 3
TURKEY 1 1
TURKS ISLANDS 8 12
UNITED ARAB EMIRATES. "i 14
UNITED KINGDOM 239 489
URUGUAY 6 8
VENEZUELA 90 144 9

CONTINUED ---
14



TABLE 24--FOREIGN OWNERSHIP OF U.S. AGRICULTURAL LAND ACQUISITIONS BY U.S. REGION,
UANUARY 1 - DECEMBER 31, 1993
(NUMBER)
SOUTH WEST NORTHEAST MIDWEST
COUNTRY |
PARCELS ACRES PARCELS ACRES PARCELS ACRES PARCELS ACRES
REPORTED REPORTED REPORTED REPORTED

AUSTRIA 2 410 ° ° ° ° 1 259
BRITISH VIRGIN ISLANDS 1 66/490 ° ° ° ° ° °
CANADA 6 608 3 3,224 10 12,327 4 2,778
CAYMAN ISLANDS ° ° 1 11,068 ° ° ° °
CHILE . ° ° ° ° 1 300 ° °
COSTA RICA 1 aie ° ° ° ° ° °
FRANCE ° ° 1 3,295 ° ° ° °
GERMANY 9 5/067 9 2,911 6 588 7 1,320
JAPAN ° ° ° ° ° ° 1 120
MEXICO 2 109 1 155 ° ° ° °
NETHERLANDS 8 1/594 ° ° ° ° 2 184
PAKISTAN ° ° 1 80 ° ° ° °
SOUTH AFRICA 1 164 ° ° ° ° ° °
SPAIN ° ° 1 174 ° ° ° °
SWEDEN ° ° 3 17,820 ° ° ° °
SWITZERLAND 2 107 ° ° 1 24 3 200
TAIWAN ° ° 2 85 ° ° ° °
THAILAND ° ° 1 8 ° ° ° °
UNITED KINGDOM 12 2/024 6 13,434 2 961 4 1,165
VENEZUELA ° ° ° ° ° ° 1 B19

SUBTOTAL 1/ 44 76/989 29 52,251 20 14,197 23 6,845
US/ARGENTINA 1 252 ° ° ° ° ° °
US/BELGIUM 1 46 ° ° ° ° ° °
US/BERMUDA 1 32 ° ° ° ° ° °
US/BRITISH VIRGIN

ISLANDS 1 673 5 129,177 ° ° ° °
US/CANADA 7 598 2 960 1 13,923 3 635
US/FRANCE 33 25/031 4 310 ° ° 3 363
US/GERMANY 20 6/698 2 751 12 881 5 2,279
US/ISRAEL ° ° 2 157 10 ° ° °
US/JAPAN 1 52 15 7,348 ° ° 2 176
US/JORDAN ° ° 1 129 ° ° ° °
US/LIECHTENSTEIN 3 8les3 ° ° ° ° ° °
US/MEXICO ° ° ° ° ° ° 1 2,200
US/NETHERLANDS 2 31034 ° ° ° ° 1 aT
US/NETHERLANDS ANTILLES 1 saa ° ° ° ° ° °
US/PANAMA 1 61787 ° ° ° ° ° °
US/PARAGUAY 1 236 ° ° ° ° ° °
US/PERU 2 345 ° ° ° ° ° °
US/SAUDI_ ARABIA 1 105 ° ° ° ° ° °
US/SWITZERLAND 2 668 ° ° ° ° 10 1,984
US/TAIWAN ° ° 1 68 ° ° ° °
US/UNITED ARAB EMIRATES 2 596 ° ° ° ° ° °
US/UNITED KINGDOM 17 41205 3 1,883 1 1 13 1,044
US/MULTIPLE ° ° 2 87 ° ° °

SUBTOTAL 2/ 97 58/660 34 140,870 14 14,805 38 8,698
TOTAL ALL

LAND ACQUISITIONS 141 135/649 63 193,121 34 29,002 61 15,543

i
4/ TOTAL INTERESTS EXCLUDING U.S. CORPORATIONS WITH FOREIGN SHAREHOLDERS.
2/ TOTAL INTERESTS OF U.S. CORPORATIONS WITH FOREIGN SHAREHOLDERS.
32



List of Tables

Table
1. U.S. agricultural landholdings of foreign owners by
State, December 31, 1993 . . 2. «© «© «© © © © © © we we we we
2. U.S. agricultural landholdings by type of foreign
owner, December 31, 1993 . . . 2. 2. «© © © © © © we we we we
3. Foreign owners of U.S. agricultural landholdings by
State, December 31, 1993 . . . 2. 2. 2. © 2 © © © we we we we
4. Foreign-owned U.S. agricultural landholdings by size of
holding, December 31, 1993 . . 1... 1. ee © ee we eee
5. Value of U.S. agricultural landholdings by type of
foreign owner, December 31, 1993 . ....... 24-048
6. Value of foreign-owned U.S. agricultural landholdings
by date of acquisition, December 31, 1993 .......
7. Value of foreigh-owned U.S. agricultural landholdings
by State, December 31, 1993 . 2... «© 2 «© «© we we ew ewe
8. U.S. agricultural landholdings by country of foreign
owner, December 31, 1993 . . . 2... 2 «© © © © we we we
9. Foreign ownership of U.S. agricultural landholdings by
U.S. region, December 31, 1993... 1. 1 + eee we we we
10. Foreign-owned U.S. agricultural landholdings by type of
interest, method of acquisition, and owner-
representative, December 31, 1993 ......-2.-+-e+2-6
11. Use of U.S. agricultural landholdings by country of
foreign owner, December 31, 1993 .......-++4ee-e
12. U.S. forest and other nonagricultural landholdings of
foreign owners by State, December 31, 1993 .......
13. U.S. forest and other nonagricultural landholdings by
country of foreign owner, December 31, 1993 ......
14. U.S. forest and other nonagricultural landholdings by
type of foreign owner, December 31, 1993 ........
15. Foreign-owned U.S. forest and other nonagricultural
landholdings by size of holding, December 31, 1993...
16. Intended use of U.S. agricultural landholdings of
foreign owners, December 31, 1993 ......+4.24ee-e
17. Tenure of foreign-owned U.S. agricultural landholdings,

December 31, 1993 . 2... 2 2 ee ee ew ew ew ee ee

iii

10

10

11

13

14

16

19

20

23

24

25

25

25

26


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

acres (table 16).

Intended use changes to other agricultural

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

nonagricultural use is intended.

Such reports do not necessarily

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

change the use of some of the acreage.

does not ask how many acres will be involved.
ing 1 percent of the acres did not indicate intended use.

TABLE 14--U.S.

However, the report form

Reports represent-—

FOREST’ AND OTHER NONAGRICULTURAL LANDHOLDINGS

BY TYPE OF FOREIGN OWNER, DECEMBER 31, 1993
(NUMBER )
PARCELS WITH ACREAGE
OWNER OWNERS PARCELS ACRES PARTIAL EQUIVALENT 2/
INTERESTS 1/
INDIVIDUAL 402 487 118,186 37 116,782
CORPORATION 345 1,523 4,634,392 120 3,551,129
PARTNERSHIP 115 291 1,683,775 20 1,679,705
ESTATE 1 1 14 ° 14
TRUST 24 46 34,271 1 33,747
OTHER 5 6 1,063 ° 1,063
TOTAL 889 2,354 6,471,701 178 5,382,440

4/ PARCELS WITH PARTIAL INTERESTS ARE THOSE PARCELS WHICH ARE OWNED ONLY
THAT IS, A PERCENTAGE INTEREST LESS THAN

IN PART BY THE FOREIGN INVESTOR;

100 PERCENT.

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

TABLE 16--INTENDED USE OF U.S.

t

TABLE 15--FOREIGN-OWNED U.S. FOREST AND
OTHER NONAGRICULTURAL LANDHOLDINGS.
BY SIZE OF HOLDING, DECEMBER 31, 1993

SIZE OWNERS PARCELS ACRES
(ACRES) (NUMBER ) (NUMBER ) (NUMBER )
LESS THAN 20 121 124 1,361
20-59 200 212 6,663
60-99 85 96 6,512
100-299 166 216 28,035
300-939 144 221 80,201
1000 OR MORE 176 1,485 6,348,929

TOTAL 889 2,354 6,471,701

DEC

EMBER 31, 1993

AGRICULTURAL LANDHOLDINGS OF FOREIGN OWNERS,

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

INDIVIDUAL:

PARCELS REPORTED 3,366 167 94 54 3,681

ACRES 844,461 57,675 6,700 7,392 916,228
ORGANIZATION:

PARCELS REPORTED 7,802 428 850 164 9,244

ACRES 12,930,022 251,735 375,591 171,884 13,729,232
TOTAL:

PARCELS REPORTED 1,168 595 944 218 12,925

ACRES 13,774,483 309,410 382,291 179,276 14,645,460

25


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

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

TABLE 6--VALUE OF FOREIGN-OWNED U.S. AGRICULTURAL LANDHOLDINGS
BY DATE OF ACQUISITION, DECEMBER 31, 1993

ACRES ACRES
~ WITH PURCHASE WITH NON-
DATE PARCELS ACRES PURCHASE | PRICE 4/ NON- PURCHASE
ACQUIRED (NUMBER) (NUMBER) PRICE (1,000 PURCHASE | PRICE 4/
. REPORTED | DOLLARS) PRICE (4,000
(NUMBER ) REPORTED DOLLARS)
(NUMBER)
1993 299 373,315 208,895 135,058 164,480 51,456
1992: 542 568,860 906, 192 350.809 262,728 91,298
too wat 329,794 275,164 356.961 54,330 97.329
1990 730 937,411 643,375 514,769 294,036 199.242
1989 G21 - 1,289,544 1, 170, 105 748.859 119,439 96,048
1988 580° 1,175,677 764.595 677.198 411,082 151,978
1987 455 458,742 365,526 294,859 93.216 51,954
1986 568° 1,857,441 1,635,207 404,979 222,294 180,833
1985 343 363,887 239,764 333,596 124,123 55,365
1984 468 805,933 746,751 475,322 59, 182 142,510
1983 550 340, 184 314.556 404.817 25.628 20.677
1982 713 592,515 371.666 484,425 220,849 79,723
1981 1,031 921,445 628,001 713,999 293,444 87,767
1980 1,008 650,588 622,701 805.728 27.887 43,672
1979 1,083 904.468 860.293 1,075, 184 Aa 175 26.836
1978 906 492,542 484,085 471,629 8,457 7.210
1977 483 369,007 359.281 308,471 9,726 5.644
1976 378 419,448 343.955 188,850 75,493 9.521
1975 231 196,504 193, 199 98,106 3,305 1,714
1974-70 705 438,376 397,283 252,522 41,093 11,295
1969-60 452 509.872 424,134 54,209 85.738 6.584
BEFORE 1960 268 649,907 554,309 37,695 95,598 5,020
TOTAL 12,925. 14,645,460 11,909,217 9,218,039 2,736,243 1,423,076
ACRES REPORTED ADUUSTED
WITH CURRENT CURRENT
CURRENT VALUE 2/ VALUE 3/
VALUE (4,000 (1,000
REPORTED DOLLARS) DOLLARS)
(NUMBER)
1993 373,915 186,701 186,701
1992 568.860 446,497 450,962
1991 329,794 457,878 467.036
1990 937.411 726.227 755,276
1989 1,289,544 872,686 933.774
1988 1.175.677 835,076 935,285
1987 458,742 351,911 A414, 736
1986 1,857,441 620,277 707.116
1985 363,849 944,494 354,829
1984 805,728 618,521 562.854
1983 339,892 436,348 370,896
1982 590,588 613,987 509,609
1981 916,712 824,112 651,048
1980 . 560,038 707,671 587,367
1979 825,101 935,978 861,100
1978 419,554 484,199 445,463
1977 258,178 486,643 447,712
1976 367,839 223,981 206.063
1975 . 197,724 116,574 107,248
1974-70 305,528 341,838 314,491
1969-60 301,185 165,814 152,549
BEFORE 1960 621,992 “103,558 95.273
TOTAL 13,804,692 "10,900,971 10,514,387

4/ PURCHASE PRICE AND NONPURCHASE PRICE (ESTIMATED VALUE) AT TIME OF ACQUISITION.
2/ REPORTED CURRENT VALUE REFLECTS VALUE AT TIME OF REPORTING AFTER FEBRUARY 1
3.

3/ REPORTED CURRENT ‘VALUE ADJUSTED TO JANUARY 1, 1993. -REPORTED CURRENT VALUE FOR
HOLDINGS ACQUIRED IN 1993 IS UNADJUSTED

197

11


TABLE 9--FOREIGN OWNERSHIP OF U.S. AGRICULTURAL LANDHOLDINGS BY U.S. REGION,
DECEMBER 31, 1993--CONTINUED

(NUMBER ) .
SOUTH west NORTHEAST MIDWEST
COUNTRY
parcets | acres | parcets | acres | ParceLs | acres | PARCELS | ACRES

VIETNAM 1 152 ° ° ° ° ° °
ZIMBABWE 1 230 ° ° ° ° ° °
MULTIPLE 37 8,999 2500 (44,159 7 2,821 7 3,306
THIRD TIER 19 20.190 4 43,980 ° ° a 2,147

SUBTOTAL 1/ 3,473 2,598,641 1,780 2,399,053 1,146 1,423,559 1,148 474,756
US/ANDORRA ° ° 4 3,744 ° ° ° °
US/ARGENTINA 3 832 ° ° ° ° 4 3,675
US/AUSTRALIA 4 1,797 ' a7 ° ° 2 574
US/AUSTRIA 12 7,248 8 14,024 ° ° ° °
US/BAHAMAS 14 25.483 13° -27,527 4 5 4,207
US/BARBADOS ° ° 1 at ° ° °
US/BELGIUM 54 = -30,694 8 35,484 9 37 10,300
US/BERMUDA 54 28,919 5 7,983 7 3 430
US/BRAZIL 7 4,oit ° ° ° 48 9,489
US/BRITISH VIRGIN

ISLANDS, 4 3,683 7 129,657 ° ° °
US/CANADA 487 354,074 190 130,850 100 124 242,982
US/CAYMAN ISLANDS 16 9,668 2 1,981 1 1 70
US/CHILE ° ° 3 9,929 ° ° °
US/CHINA 8 15,267 1 922 ° ° °
US/COLOMBIA 3 9,994 ° ° 4 ° °
US/COSTA RICA 1 407 ° ° ° ° °
US/DENMARK 5 1,235 5 5.696 ° 1 127
Us/ECUADOR 3 1,632 ° ° ° ° °
Us/EGYPT 3 3 249 0 ° °
US/EL SALVADOR 6 ° ° ° ° °
US/FINLAND 5 ° ° ° 1 60
US/FRANCE 421 56 22,176 87 55 31,187
US/GERMANY 272 61 365,142 59 99 164,546
US/GREECE 1 2 4,987 1 ° °
US/GUATEMALA 3 ° ° ° ° °
US/GUYANA 2 ° ° ° ° °
US/HONDURAS, 1 ° ° ° ° °
US/HONG KONG 5 20 © 123,084 ° ° °
US/INDONESIA 4 ° ° ° ° °
US/IRAN 3 3 906 ° ° °
US/TRAQ ° 1 ‘B00 ° ° °
US/TRELAND 15 ° ° ° ° °
US/TSRAEL, ° 3 414 ° ° °
US/ITALY 15 1 160 5 1 91
US/JAPAN 63 140 181,442 4 93 13,828
US/JORDAN ° 3 434 ° ° °
US/KENYA 1 ° ° ° ° ° °
US/KOREA (SOUTH) 1 1 75 ° ° ° °
US/KUWAIT 5 4 6,066 1 772 3 296
US/LEBANON 4 ° ° 2 153 ° °
US/LIBERIA 9 4 18,023 5 3,590 ° °
US/LIBYAN ARAB REPURLIC ° 3 2n0 ° ° ° °
US/LLECITENS TEIN 38 «69,819 47 21,503 3 670 13 6.819
US/LUXEMBOURG 12 10,970 15 222,241 1 94 a 350
US/MALAYSIA ° ° 1 300 ° ° ° °
US/MEXICO 360 «43,764 28 203.819 ° ° 1 2,200
US/NETHERLANDS 133° 69,092 142 209,361 17 3,593 119 87,816
US/NETHERLANDS ANTILLES 93° 155,709 29° 54,669 4 1,287 25 8,891
US/NEW HEBRIDES 1 2,108 1 aso ° ° ° °
US/NEW ZEALAND 3 3,777 1 46,678 ° ° ° °
US/NICARAGUA 2 282 ° ° ° ° ° °
US/NORWAY 7 8,161 ° ° 3 1,548 ° °
US/PANAMA 46 41,569 42 102,261 12 4,868 10 3,271
US/PARAGUAY 1 236 ° ° ° ° ° °
US/PERU 5 1,696 ° ° ° ° ° °
US/PHILIPPINES 7 6,939 2 223 1 631 ° °
US/PORTUGAL, 2 1,683 ° ° ° ° ° °
US/QATAR 1 219 ° ° ° ° ° °
US/SAUDI ARABIA 23 10,295 ° ° ° ° 2 383
US/SOUTH AFRICA 3 2.573 ° ° 0 ° ° °
US/SPAIN 3 296 10 2,680 2 1,548 1 sO
US/SWEDEN 5 5,119 1 1,085 1 107 4 874
US/SWITZERLAND 180 179,655 118 71,063 2500 43,131 Bt 32,680
US/TAIWAN 9 3,596 54 10,274 1 20 s 3,641
US/THAILAND ° ° 3 252 ° ° ° °
US/TRINIDAD & TOBAGO 1 20 ° ° ° ° ° °
US/TURKEY 2 aa3 ° ° °° ° ° °
US/UNITED ARAB EMIRATES 15 3,223 ° ° ° ° ° °
US/UNITED KINGDOM 490 252,781 135 649, 196 78 AT, 616 133 190,481
US/URUGUAY 1 578 ° ° ° ° 1 40
US/VENEZUELA a8 37,908 1 1,500 7 B61 ° °
US/MULTIPLE at 10,245 15 6,910 4 17,609 15 142,635
US/THIRD TIER 135 383,018 7 2,791 1 702 2 350

SUBTOTAL 2/ 2,860 2,470,051 1,202 2,693, 100 423 1,683,987 893 962,313
TOTAL ALL

LANDHOLDINGS, 6,333 5,008,692 2,982 5,092,159 1,869 9,107,546 2,041 1,497,069

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

17

CORPORATIONS WITH FOREIGN SHAREHOLDERS.
CORPORATIONS WITH FOREIGN SHAREHOLDERS.


TABLE 7--VALUE OF FOREIGN-OWNED U.S, AGRICULTURAL LANDHOLDINGS
BY STATE, DECEMBER 31, 1999

ACRES REPORTED ADJUSTED
REPORTED WITH CURRENT CURRENT
STATE AND + ACRES VALUE 4/ CURRENT VALUE 2/ VALUE 3/
U.S. TERRITORY (NUMBER ) . 4,000 VALUE (4,000 (4,000.
DOLLARS) ° REPORTED DOLLARS) DOLLARS)
(NUMBER )
ALABAMA 447,859 244,648 440, 408 275,046 299,667
ALASKA 78 73 75 73 80
ARIZONA 336,076 290,848 263,089 298,249 296,675
ARKANSAS 188,850 179,400 184,421. 180, 124 144,198
CALIFORNIA 920,754 1,933,200 859,707 1,936,633 2,008,661
COLORADO 642,682 383,575 618,713 363,690 353,921
CONNECTICUT 881 4,479 772 3,260 5,876
DELAWARE 5,870 17,449 5,610 16,495 24; 600
FLORIDA 620,835 1,150,294 598,023 1,288,054 1,613,744
GEORGIA 577,386 526,203 547,313 554,307 562,787
HAWAIT 179,960 646,961 179,726 645,706 694,334
IDAHO 22,375 9,264 21,566 10,037 11,647
ILLINOIS : 193,304” 280,202 190,883 284,502 248,093
INDIANA 87,718° 98,637 87,016 99,949
IOWA 31,792 49,507 30,141 53,303
KANSAS . 16,202 38,597 73,514 39,492
KENTUCKY 96,501 236,631 91,024 236,581
LOUISIANA 686,203 174,809 668,952 220,829
MAINE 216,689 2,355,279 206,671
MARYLAND 126,833 47,853 135,429
MASSACHUSETTS, 1,534 1,803 1,106
MICHIGAN 76,625 204,079 68,223
MINNESOTA 20,537 81,388 17,373
MISSISSIPPI 186,549 495,851 215,157
MISSOURI 76,509 71,143 82,770
MONTANA 78,578 531,202 79,938
NEBRASKA 15,110 74,821 25,842
NEVADA 20,619 285,773 20,173
NEW HAMPSHIRE 31,890 148584 31,233
NEW JERSEY 86,247 16,602 72,244
NEW MEXICO 783,872 83,846 749,004 97,049 110,025
NEW YORK 83,356 269,364 87,699
NORTH CAROLINA 237,263 215,883 294,575
NORTH DAKOTA 5,530 27,208 8,209
OHIO 173,438 197,484 168,917
OKLAHOMA 21,262 58,422 25,997
OREGON 185,030 701,979 208,309
PENNSYLVANIA 82,718 58,847 89,355
PUERTO RICO 696 839 938
SOUTH CAROLINA 183,409 185,739 185,973
SOUTH DAKOTA 15,114 37,647 14,653
TENNESSEE 87,942 169,435 79,083
TEXAS 1,476,436 1,076,620 1,330,165
UTAH 56,016 54,307 120,324
VERMONT: 83,524 118,927 88,299
VIRGINIA 282,623 89,984 273,549
WASHINGTON 192,222 355,318 211,641
WEST VIRGINIA 100,014 110,736 72,622
WISCONSIN 47,678 24,130 46,160
WYOMING 40,504 127,488 34,968
TOTAL 14,645,460 10,641,115 13,804,692 10,900,971 11,414,693

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

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

'3/ REPORTED CURRENT VALUE ADJUSTED TO JANUARY 1, 1993. REPORTED CURRENT VALUE FOR
HOLDINGS ACQUIRED IN 1993 IS UNADJUSTED.

13


Tenure

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

23 percent of the acres, |while foreign owners directly operate 44
percent and managers 8 percent. No responses on tenure were
received for the remaining 25 percent of the acres.

Rental agreements were reported for 4,364 parcels, or 34 percent,
covering 19 percent of the acres. Of the rental agreements, cash
agreements accounted for 70 percent and cropshare agreements for
28 percent of the parcels.

Tenure Change

No tenure changes were reported for 47 percent of the parcels, or
46 percent of the acres (table 17). Reports for 33 percent of
the parcels containing 26 percent of the acres indicate a new
tenure arrangement on at|least part of the land. The acreage
affected by the new tenure arrangements is not reported. Thus,
the acreage may be overstated; that is, all.acres in these
parcels are not necessarily affected by new tenure arrangements.
Nevertheless, reports for 0.5 percent of the parcels, accounting
for 0.3 percent of the acres, indicated that some of the tenure
arrangements would remain the same and some would change. No
responses on tenure changes were received for 20 percent of the
parcels containing 28 percent of the acres.

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

DECEMBER 31, 1999
(NUMBER )
|
TENURE PARCELS ACRES
!
CURRENT:
FOREIGN OWNER 3,930 6,410,464
MANAGER 1,292 1,192,140
TENANT 5,061 3,434,122
NO REPORT 2,634 3,598,767
COMBINATION 11 9,967
TOTAL 12,925 14,645,460
RENTAL:
cROP 1,221 544,416
CASH 3,073 2,207,754
BOTH To 78,565
NO REPORT 4,626 5,403,066
NOT APPLICABLE 3,935 6,411,659
TOTAL 12,925 14,645,460
INTENDED CHANGE:
NONE 6,112 6,753,405
NEW 4,204 3,817,708
BOTH 59 50,098
NO REPORT 2,550 4,024,249
TOTAL 12,925 14,645,460



company owns various percentage interests in 869,291 acres,
another company owns 266, 023 acres, and the other two companies,
accounting for 1,010, 805 acres, are U.S. corporations in which
there are substantial foreign interests.

Hawaii, Nevada, New Hampshire, and Arizona have the next largest
proportions of reported | foreign-owned agricultural land to all
privately owned agricultural land in their States. Texas has the
second largest amount of foreign-owned acreage, 1,185,931 acres,
but that amounts to only 0.8 percent of the privately owned
agricultural land in Texas.

Characteristics of Foreign Owners

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

Corporations own 55 percent of the parcels and 71 percent of the
acreage; individuals, 28 percent of the parcels and 6 percent of
the acreage; partnerships, 14 percent of the parcels and 21
percent of the acreage;| and all others, 3 percent of the parcels
and 2 percent of the acreage. When partial interests are taken
into account, foreign-owned acreage drops from 14.6 million acres
to 13.3 million, but distribution among the types of owners
remains relatively the same.

Corporate-held parcels | verage 1,469 acres, or 3,306 acres per
holder, while individual - held parcels average 249 acres, or 313
acres per holder. Partnership holdings average 1,755 acres per
parcel, or 2,741 acres per holder, and all other holdings average
618 acres per parcel, or 980 acres per holder.

TABLE 2--U.S. AGRICULTURAL LANDHOLDINGS BY TYPE OF FOREIGN OWNER,
DECEMBER 31, 1993
(NUMBER )

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

INDIVIDUAL 2,923 3,681 916,228 254 831,711
CORPORATION 3,149 7,086 10,409,993 345 9,218,829
PARTNERSHIP 1,118 1,746 3,064,508 209 2,956,263
ESTATE 8 11 984 1 967
TRUST 229 367 233,405 7 232,309
INSTITUTION 3 3 1,075 1 1,015
ASSOCIATION 2 3 9,402 2 7,610
OTHER 18 28 9,868 ° 9,868

TOTAL 7,450 12,925 14,645,460 819 13,258,572

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

2/ ACREAGE EQUIVALENT EQUALS THE TOTAL ACREAGE REPORTED MULTIPLIED BY

THE PERCENTAGE HELD BY [THE FOREIGN OWNER.




There are also notable holdings in Michigan, Minnesota, New
Hampshire, and New York, accounting for another 11 percent of the
acres.

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

corporations own an additional 33 and 13 percent, respectively.

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

When partial interests are taken into account, the acreage
equivalent is 1,089,261 acres less than the acres for which
reports were filed.

Owners of parcels with less than 1,000 acres, 80 percent of all
the owners, own 37 percent of the parcels covering only 2 percent
of the forest or forest and other nonagricultural land (table
15). The remaining 20 percent of the owners, owning parcels with
1,000 acres or more, own 63 percent of the parcels covering 98
percent of these lands.

Intended Use

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

TABLE 12--U.S. FOREST AND OTHER NONAGRICULTURAL
LANDHOLDINGS OF FOREIGN OWNERS BY STATE,
DECEMBER 31, 1993
(NUMBER )

STATE STATE

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

TERRITORY TERRITORY
ALABAMA 382 402,379|MISSOURT 1
ARIZONA 1 13] MONTANA 10
ARKANSAS 16 2,256|NEW HAMPSHIRE 26
CALIFORNIA 12 232,476|NEW JERSEY 2
COLORADO 6 2,948|NEW MEXICO 3
CONNECTICUT 3 116|NEW YORK 144
FLORIDA 57 83,268]NORTH CAROLINA 7
GEORGIA 453 347,459] OHIO 4
HAWAII 2 289] OKLAHOMA 3
IDAHO 2 156|OREGON 55
ILLINOIS 1 5,416| PENNSYLVANIA 32
INDIANA 2 147] SOUTH CAROLINA 92
KANSAS 2 31| TENNESSEE 38
KENTUCKY 14 29,790] TEXAS 33
LOUISIANA 33 506 ,781| VERMONT 191
MAINE 170 2,381,066] VIRGINIA a5
MARYLAND 4 364 | WASHINGTON 143
MASSACHUSETTS 6 1,548]WEST VIRGINIA 45
MICHIGAN 30 181,688|WISCONSIN 12
MINNESOTA 62 192,110
MISSISSIPPI 83 301,109] TOTAL 2,354 6,471,701

23


TABLE 11--USE OF U.S. AGRI!

ULTURAL LANDHOLDINGS BY COUNTRY OF FOREIGN OWNER,

DECEMBER 31, 1993
(ACRES)
COUNTRY CROPLAND PASTURE FOREST OTHER [OTHER NON- TOTAL
AGRICULTURE | AGRICULTURE
ARGENTINA 3,443 8.818 788 184 161 13,394
AUSTRALIA 1,058 636 545 2,867 325 5.431
AUSTRIA 95,153 2,495 18,082 651 229 56.610
BAHAMAS 10,969 13,618 7,470 2.354 281 34,692
BAHRAIN 309 ° “0 > 0 4 313
BARBADOS ° ° 87 ° 60 117
BELGIUM 7,812 53,457 2,041 1,620 896 65,526
BELIZE 25 235 232 55 2 549
BERMUDA 6,363 16,880 47,227 1,519 1,455 73,444
BOLIVIA 10 ° ° 1 ° 14
BRAZIL 517 7,967 35 a3t 12 8,962
BRITISH VIRGIN ISLANDS 6,026 115,809 aaa 3,204 498 125.961
CANADA 171,064 1751943 1,290,116 99,656 26,748 1,643,527
CAYMAN ‘ISLANDS: | 11,506 2.929 21034 425 361424
CHILE S15 561 saa " 2.074
CHINA 182 27 168 ag 496
COLOMBIA 1,143 37 316 18 11,444
COSTA RICA 7,008 100 167 2.413 13,895
CROATIA 928 10 ° 85 1,023
cuBA ‘ 8 3 12 ° 20
¢ZECH REPUBLIC. 167 ° 30 ° 350
DENMARK 5,883 6,393 118 187 13,283
DOMINICAN REPUBLIC 2.007 ° 1 120 2.128
ECUADOR 207 ° 671 6 976
EGYPT 401 384 378 48 2.134
EL: SALVADOR 29 50 ° ag 128
FINLAND ° ° ° 22 22
FRANCE 27,648 9.575 23,119 3,405 132, 120
GAMBIA ° ° ° 294
GERMANY 334,287 214,447 30,918 16,834 749,818
GREECE 1,964 174 85 106 60,491
GUATEMALA 413 363 35 79 1, 102
GUYANA ° ° 35 ° 35
HONDURAS 867 5 60 54 1,018
HONG KONG 3.650 4,254 4,086 102 14,763
HUNGARY ° ° 103 ° 103
INDIA 363 840 401 34 1,708
INOONESIA . 167 6 283 1 752
IRAN, . 1,063 521 99 108 2,343
TRELAND 1,487 20 24 2,394 10.508
ISRAEL 245 7217 129 11 351
ITALY 30,563 6.556 8,512 13,540 83,250
IVORY COAST ° 80 39 ° 119
UAMAICA ° 800 27 513 1,631
JAPAN 23,776 2,833 16,009 9,000 . 199,915
UORDAN 321 273 129 2 1,580
KAMPUCHEA 27 ° ° 4 31
KOREA (SOUTH) 115 363 1,006 8 1,570
KUWAIT 801 323 67 13 20, 188
Laos ° 10 5 ° 31
LEBANON 4,244 1,832 4,747 963 12,663
LIBERIA 652 4,298 320 860 29.632
LIECHTENSTEIN 68.745 17,035 7,202 4,730 133,947
LUXEMBOURG 2.218 567 195 ata
MALAYSIA 1.735 ° ° 2
MEXICO o7.2nt 7.903 a,ona s.700
MURUCCO 433 7 ap2 30
NAMIBIA 185 8 ° 4
NETHERLANDS A411 11,261 19,915 7,725
NETHERLANDS ANTILLES, 150,087 52.167 58.695 19,604 369, 202
NEW ZEALAND 235 ° 7 95 13,587
NICARAGUA ° 248 60 100 1.378
NORWAY 4,458 172 267 112 51713
OMAN 120 126 a3 39 454
PAKISTAN 935 ° ° 33 968
PANAMA 24,734 19,444 18,477 15,889 165, 182
PERU 137 16 87 55 308
PHILIPPINES, 1,924 285 987 262 3.680
POLAND 72 50 ° ° 147
PORTUGAL . 2.355 200 832 17 3,996
RUSSIA 140 201 55 269 761
ST VINCENT 295 1,042 10 60 2,637
SAUDI ARABIA 8,676 2.291 9,200 2,978 30,498
SINGAPORE ° ° 34 2 504
SOMALIA ° 4 ° ° 14
SOUTH AFRICA 462 50 380 ° 2,473
SPAIN 803 1,105 360 320 3.890
SWEDEN 3,430 7.350 40,747 788 54,549
SWITZERLAND 112,510 18.637 13,075 44,200 287,983
SYRIA 4.447 133 229 72 2.689
TAIWAN 4,000 1,062 380 1,063 7,949
TANZANIA. 5,000 ° 170 4,938 10,143
THAILAND 569 ene 150 28 1.835
TRINIDAD & TOBAGO 24 35 ° 5 94
TURKEY ° ° ° ° 38
TURKS ISLANDS 2,390 167 472 72 3,192
UNITED ARAB EMIRATES 595 860 1,925 ° 3.930
UNITED KINGDOM 74,358 1,570,084 18,461 5.665 1,821,310
URUGUAY 1,820 430 ° set
VENEZUELA 11,348 2,736 2,371 1,529
CONTINUED --

20



Table

34.

35.

36.

37.

38.

39.

40.

Dispositions of U.S. agricultural land by foreign
owners, by citizenship of purchasers, January 1-
December 31, 1993 . . 2. 2 © «© © «© © © © ew we we ww

Dispositions of U.S. agricultural land by type of
foreign owner, January 1-December 31, 1993 .....

Dispositions of foreign-owned U.S. agricultural land
size of disposition, January 1-December 31, 1993 . .

Dispositions of U.S. agricultural land by country of
foreign owner, January 1-December 31, 1993 .....

Dispositions of U.S. agricultural land by country of
foreign owner, by U.S. region, January 1-
December 31, 1993 . . 2. 2. 2 2 2 ee we ee ew ww ww

Dispositions of U.S. agricultural land by country of
foreign owner, by use, January 1-December 31, 1993 .

Acquisitions and dispositions of foreign-
owned U.S. agricultural land, by date,
January 1981-December 1993 ........-.e.eeee

by

39

39

41

41

42

43

44


Table

18.

19.

20.

21.

22.

23.

24.

25.

26.

27.

28.

29.

30.

31.

32.

33.

U.S. agricultural
by State, January

U.S. agricultural
owner, January: 1-

Foreign owners of
by State, January

Foreign-owned U.S
size of acquisiti

Value of U.S. agri
foreign owner, Ja

U.S. agricultural
foreign owner, Ja

Foreign ownership
tions by U.S. reg

Foreign-owned U.S
type of interest,
representative, J

1-December 31, 1993 . «ee eee e
land acquisitions by. type of foreign
December 31, 1993 . 2. 2 ee ee se

U.S. agricultural land acquisitions
1-December 31, 1993 . . see eee

: agricultural land acquisitions by
on, January 1-December.31,.1993 . . .

icultural land acquisitions by type
huary 1-December 31, 1993 ....+.

land acquisitions by country of
nuary 1-December 31, 1993 ......-.

of U.S. agricultural land acquisi-
ion, January 1-December 31, 1993 . .

4 agricultural land acquisitions. by
method of acquisition, and owner-
anuary 1-December 31, 1993 .... .

Use of U.S. agricultural land acquisitions by country

of foreign owner,

U.S. forest and o
sitions of foreig
December 31, 1993

U.S. forest and o

sitions by countr
December 31, 1993

U.S. forest and o
sitions by type o
December 31, 1993

January 1-December 31, 1993 ....

ther nonagricultural land acqui-
in owners by State, January 1-

her nonagricultural land acqui-
Yy of foreign owner, January 1-

Le nonagricultural land acqui-
£ foreign owner, January 1-

Foreign acquisitions of U.S. forest and other
nonagricultural land by size of acquisition,

January 1-Decembe

Intended use of U

foreign owners, January 1-December 31,

Tenure of foreign.
acquisitions, Jan

Dispositions of U

foreign owners, by State, January 1-December 31,

r 31, 1993 «© 2. 6 2 ee ew ww ew

S. agricultural land acquisitions of
1993 2. 2. we ee

rowned U.S. agricultural land
uary 1-December 31, 1993 ......

S. agricultural land by type of
1993

land acquisitions of foreign owners

27
28
29
29
30
31

32

33

34

35

35

36

36
37
37

38


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

TABLE 3--FOREIGN OWNERS OF U.S. AGRICULTURAL LANDHOLDINGS

BY STATE, DECEMBER 31, 1993
(NUMBER )
STATE INDIVIDUAL ORGANIZATION
AND U.S.
TERRITORY
PARCELS ACRES PARCELS ACRES

ALABAMA 24 481 443 447,378
ALASKA 1 75 ° °
ARIZONA 27 11,785 161 324,294
ARKANSAS, 74 42,658 127 146, 192
CALIFORNIA 216 66,305 1,009 854,449
COLORADO 139 107,323 239 535,359
CONNECTICUT 3 108 13 773
DELAWARE 4 926 9 4,944
FLORIDA 408 28,655 852 592,180
GEORGIA 159 57,542 B13 519,844
HAWAIT 22 2,055 70 177,905
IDAHO 14 6,611 34 15,764
ILLINOIS 47 10,4214 434 182,883
INDIANA 37 5,513 137 82,205
IOWA 67 15,444 66 16,378
KANSAS 33 17,773 82 58,429
KENTUCKY 46 8,046 198 88,455
LOUISIANA 16 8,506 424 677,697
MAINE 28 16,722 165 2,408,414
MARYLAND 52 9,814 132 41,462
MASSACHUSETTS 2 252 7 1.736
MICHIGAN 51 7,515 78 198,315
MINNESOTA 20 6,723 122 209,923
MISSISSIPPI 4 943 272 500,357
MISSOURI 39 14,106 107 61,954
MONTANA 69 45,199 107 518,363
NEBRASKA 10 2,863 39 74,238
NEVADA 2 693 23 285,080
NEW ‘HAMPSHIRE 10 1,549 27 148,056
NEW JERSEY 9 1,206 46 17,366
NEW MEXICO 45 10,590 87 773,282
NEW YORK 255 50,758 159 223,085
NORTH CAROLINA 37 6,485 246 220,721
NORTH DAKOTA 41 12,294 22 17,174
OHIO 60 13,146 205 185,601
OKLAHOMA 9 7,807 54 50,615
OREGON 39 9,468 145 726,821
PENNSYLVANIA 27 2,104 108 57,214
PUERTO RICO 4 579 6 260
SOUTH CAROLINA 50 13,347 168 180,843
SOUTH DAKOTA 40 11,644 31 34,052
TENNESSEE 16 17,600 84 156,991
TEXAS 651 159,041 1,105 1,026,890
UTAH 4 1,147 22 53,971
VERMONT 343 27,360 170 93,697
VIRGINIA 113 19,599 269 92,433
WASHINGTON 168 17,609 324 369,280
WEST VIRGINIA 15 2,097 49 109,041
WISCONSIN 65 10,379 54 16,565
WYOMING 9 25,422 39 153,306

TOTAL 3,681 916,228 9,244 13,729,232



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

Foreign ownership of U.S. agricultural land has remained rela-
tively steady from 1981 through 1993, sightly above or below 1
percent of the privately owned agricultural land in the United
States.

Data gathering and analysis cost the U.S. Department of Agri-
culture approximately $465,000 for 1993.


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

DECEMBER 31, 1999--CONTINUED
(UMBER)
couNTRY OWNERS. PARCELS ACRES

VIETNAM 1 1 152
ZIMBABWE 1 1 230
MULTIPLE 84 16 56,285
THIRD TIER 18 28 66.317

SUBTOTAL 4/ 8,467 7.547 6,836,009
US/ANDORRA 1 1 3,744
US/ARGENTINA a 7 4.507
US/AUSTRALIA 6 7 21408
US/AUSTRIA 15 20 211272
US/BAHAMAS 14 36 61,354
US/BARBADOS 1 4 a4
US/BELGIUM 29 108 89,031
US/BERMUDA 16 69 38.986
US/BRAZIL 6 58 141.400
US/BRITISH VIRGIN

ISLANDS 10 \ 18 133,340
US/CANADA 236 901 1,688,757
US/CAYMAN ISLANDS 12 20 14.969
US/CHILE 1 3 91929
US/CHINA 4 9 15.589
uUS/COLOMBIA 7 10 10. 154
US/COSTA RICA 1 1 "407
US/DENMARK 9 "4 6,998
us/ECUADOR 3 3 11632
US/EGYPT 4 6 959
US/EL SALVADOR 4 6 607
US/FINLANO 3 6 2,282
US/FRANCE 412 589 947,878
US/GERMANY 213 ast 744734
US/GREECE 3 4 5.249
US/GUATEMALA 2 3 442
US/GUYANA 1 2 334
US/HONDURAS 4 1 a7
US/HONG KONG 19 25 191,139
US/INDONESIA 3 4 544
US/TRAN 5 6 1,861
US/IRAQ 1 1 800
US/TRELAND s 15 4,655
US/ISRAEL 2 3 ata
US/ITALY 18 22 22,504
US/JAPAN 193 307 281.770
US/JORDAN 3 a 43a
US/KENYA 1 1 32
US/KOREA -(SOUTH) 2 2 as
US/KUWAIT 7 13 8,330
US/LEBANON 5 6 703
US/LIBERTA 14 18 26.733
US/LIBYAN ARAB REPUBLIC 2 3 280
US/LIECHTENSTEIN 58 tot 98,841
US/LUXEMBOURG 23 32 233.655
US/MALAYSIA 1 1 300
US/MEXICO 45 6s 249,783
US/NETHERLANDS, 104 a 369,502
US/NE THERLANDS’ ANTILLES tos 151 220.580
US/NEW HEBRIDES 2 2 21991
US/NEW ZEALAND 3 4 50,455
US/NICARAGUA 1 2 282
US/NORWAY 6 10 9,709
US/PANAMA 64 110 151,969
US/PARAGUAY 1 1 236
US/PERU 3 3 1,696
US/PHILIPPINES 10 10 7.793
US/PORTUGAL 2 2 41683
US/QATAR 1 4 219
US/SAUDI ARABIA 8 25 10.648
US/SOUTH AFRICA 2 3 2,573
US/SPAIN 14 16 4.574
US/SWEDEN 9 1 Thies
US/SWITZERLAND 189 404 3261529
US/TAIWAN st 69 47.528
US/THAILAND 1 3 252
US/TRINIDAD & TOBAGO 1 1 20
US/TURKEY 1 2 443
US/UNITEO ARAB EMIRATES 2 15 3,223
US/UNITED KINGDOM 193 836 1,134,074
US/URUGUAY 2 2 618
US/VENEZUELA 32 56 40.269
US/MULTIPLE 35 6s 177.399
US/THIRD TIER 15 148 386.861

SUBTOTAL 2/ 4,983 5.978 7,809,451
TOTAL ALL

LANDHOLDINGS 7,450 12,925 14,645,460

4/ TOTAL: INTERESTS EXCLUDING U.S.

CORPORATIONS WITH FOREIGN SHAREHOLDERS.

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

15


®s Foreign Ownership
een of U.S. Agricultural

ee Land Through
December 31,1993

Be

eee a eee |
eo
LL

sé

Ys (ieee

*



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 29 percent of the

parcels accounting for 5 percent of thé acres.

Dispositions, Land-Use Changes, and Changes in status

Data in this section ard derived from reports filed by foreign
investors who disposed of 558 parcels of U.S. agricultural land
covering 498,458 acres between January 1 and December 31, 1993.
In addition to these dispositions, there were reports of land-use
changes out of agriculture affecting 21 parcels covering 928
acres, land-use change to agriculture for 1 parcel with 13 acres,
and reports of change in status from foreign to nonforeign
affecting 97 parcels covering 28,691 acres.

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

not included.

Characteristics of Foreign Owners Disposing of Land
Type of Foreign Owner.

was in Maine and New Mex
dispositions acreage (table 33).

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

The largest amount of acres disposed of
ico, accounting for 55 percent of the

TE, JANUARY 1 ~ DECEMBER 31, 1999
(NUMBER)
INDIVIDUAL ORGANIZATION TOTAL
STATE i
AND U.S.
TERRITORY PARCELS. ACRES PARCELS. ACRES, PARCELS. ACRES,
REPORTED REPORTED REVORTED
ALABAMA ° ° 52 12,215 82 12,238
ARIZONA ° ° 7 41450 7 1,450
ARKANSAS: 6 8.796 8 6.846 14 121642
CALIFORNIA ° ° 20 6,770 20 6.770
COLORADO 2 945 9 12,883 4 13,828
FLORIDA 1 ESB 14 2.027 15 21338
GEORGIA 7 500 21 5.189 28 5.680
ILLINOIS 1 a aa 8,363 49 8.366
INOTANA ° ° 17 1,062 17 1,062
OWA ° ° 2 72 2 72
KANSAS ° ° 7 3,647 7 3,647
KENTUCKY ° ° 7 1,288 7 1,288
LOUISTANA ° ° 17 8,408 17 8,408
MAINE ° ° eo 162,813 a9 162,813
MINNESOTA ° ° 19 790 19 780
MISSISSIPPI ° ° 25 13, 156 28 13, 186
MISSOURI 1 1,176 48 11,261 ag 12,437
MONTANA ° ° 7 6,304 7 61904
NEBRASKA ° ° 4 Bt7 4 a7
NEVADA ° ° 4 Tat 4 7a
NEW HAMPSHIRE ° ° 8 70,820 8 70,820
NEW MEXICO ° ° a 110:256 3 110,286
NEW_YORK 2 BA7 1 134 3 get
NORTH CAROLINA 1 299 7 3.944 8 4,240
NORTH DAKOTA 1 160 ° ° 1 160
‘OHTO a aia Mt 1,530 "4 2.404
‘OKLAHOMA ° ° 1 160 ' 160
‘OREGON 1 68 ° ° ' 6a
PENNSYLVANIA ° ° 3 629 3 629
SOUTII CAROLINA ° ° 8 749 9 749
TENNESSEE 1 223 2 570 3 793
TEXAS 1 24 4 6.542 15 6.569
UTAH 1 58 2 5 3 63
VERMONT 3 229 3 677 6 906
VIRGINIA ° ° 15 3,073 15 3,073
WASHINGTON 1 40 3 ot 4 "
WISCONSIN 1 49 4 408 5 ag
WYOMING ° ° 6 14,800 6 14,800

TOTAL

a

86,928

o
a
cy

498.458

38


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

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

Definitions

For this report, the term "holdings" applies. to all U.S. agricul-
tural land owned by foreign persons as of December 31, 1993. For
transactions that occurred in 1993, the terms "acquisitions" and
"dispositions" refer to U.S. agricultural lands acquired or
disposed of by foreign | ersons. These terms are used as the
titles for the subsequent sections analyzing the data reported
under the act.

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

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

A "foreign person," as |defined in the act, includes any indi-

vidual who (1) is not a U.S. citizen or national, (2) is nota
citizen of the Northern Mariana Islands or the Trust Territory of

| 2



Foreign Ownership Of U.S. Agricultural
Land Through December 31, 1993

J. Peter DeBraal*

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

Introduction

Foreign individuals and entities reported owning 14.6 million
acres of U.S. agricultural land as of December 31, 1993. This is
slightly more than 1 percent of all privately owned U.S. agricul-
tural land and approximately 0.65 percent of all land in the
United States.

Summary of the Act and Regulations

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

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

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

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

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

2/ 7 C.F.R. §§ 781.1-.6 (1993), 58 Fed. Reg. 48,274 (1993). See
7 C.F.R. §§ 2.21(b) (29), .27(a) (12), .65(a)(30), and .84(a) (7)
(1993) for the delegation of authority.

1


TABLE 26--USE OF U.S. AGRICULTURAL LAND ‘ACQUISITIONS BY COUNTRY OF FOREIGN OWNER,
UANUARY 1 - DECEMBER 31, 1993
(ACRES)
COUNTRY CROPLAND PASTURE FOREST OTHER OTHER NON- TOTAL
AGRICULTURE | AGRICULTURE

AUSTRIA 240 ° 410 ° 19 669
BRITISH VIRGIN ISLANDS ° 65,532 ° 638 320 66,490
CANADA 182 1,830 14,717 266 1,939 18,934
CAYMAN ISLANOS fe) 11,068 ° ° ° 11,068
CHILE ) ° ° 300 ° 300
COSTA RICA 416 ° ° ° ° 416
FRANCE ° 3,295 ° ° ° 3,295
GERMANY 2,547 2,864 989 3,280 206 9,886
JAPAN ° 120 ° ° ° 120
MEXICO 155 39 ° 10 ° 264
NETHERLANDS 205 1,191 174 201 7 1,778
PAKISTAN 80 ° ° ° ° 80
SOUTH AFRICA ° ° ° 164 ° 164
SPAIN 174 ° ° ° ° 174
SWEDEN ° ° 120 17,700 ° 17,820
SWITZERLAND 304 ° 24 ° 3 328
TAIWAN ° 50 ° 35 ° 85
THAILAND ° ° ° ° 8 8
UNITED KINGDOM 837 13,573 3,127 19 28 17,584
VENEZUELA 166 ° 53 ° 819

SUBTOTAL 1/ 5,906 99,622 19,558 22,666 2,530 150,282
US/ARGENTINA 40 ° ° 192 20 252
US/BELGIUM ° ° 46 ° ° 46
US/BERMUDA ° ° ° 32 ° 32
US/BRITISH VIRGIN

ISLANDS 940) 128,237 673 ° ° 129,850
US/CANADA 10,323 1,218 3,949 ° 626 16,116
US/FRANCE 1,746 296 23,148 514 ° 25,704
US/GERMANY 6,308 1,949 1,640 86 626 10,609
US/ISRAEL 70 ° ° ° 87 157
US/JAPAN 6,437 52 110 ° 1,277 7,576
US/JORDAN fo) 129 ° ° ° 129
US/LIECHTENSTEIN 7,248 ° ° 1 1,334 8,653
US/MEXICO i) 2,200 ° ° ° 25200
US/NETHERLANDS 1,232 1,634 ° 172 43 3,081
US/NETHERLANDS ANTILLES re) 649 ° ° ° 649
US/PANAMA ro) 6,787 ° ° ° 6,787
US/PARAGUAY oO} 236 ° ° ° 236
US/PERU 61 225 47 ° 12 345
US/SAUDI ARABIA 59 ° 46 ° ° 105
US/SWITZERLAND 2,523) 12 48 23 16 2,622
US/TAIWAN ° ° ° 68 ° 68
US/UNITED ARAB EMIRATES 283 246 40 ° 27 596
US/UNITED KINGDOM 1,672 3,276 1,465 639 81 7,133
US/MULTIPLE 87 ° ° ° ° 87

SUBTOTAL 2/ 38,729 147,146 34,212 1,797 4,149 223,033
TOTAL ALL

LAND ACQUISITIONS 44,635 246,768 50,770 24,463 6,679 373,315

|
4/ TOTAL INTERESTS EXCLUDING U.S. CORPORATIONS WITH FOREIGN SHAREHOLDERS.
2/ TOTAL INTERESTS OF U.S.\CORPORATIONS WITH FOREIGN SHAREHOLDERS.
34



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

which may have occurred subsequent to filing.

Foreign persons from:Canada and the United Kingdom own 4,813,835
acres, or 69 percent, of the reported forest landholdings.
Foreign persons from France hold an additional 11 percent of the
forest land. Unidentifiable third-tier foreign persons own 3
percent of the forest land. The large Canadian and U.K. holdings
are attributable to seven companies--two Canadian companies with
1,135,314 acres, three U. S./Canada corporations with 1,105,854
acres, and one U.S./U.K.| corporation and one U.S./U.K.
partnership with 44 728¢578 acres.

Foreign persons from Germany own the most cropland, 470,047
acres, or 19 percent, followed by Cananda, Switzerland, the
United Kingdom, and the Netherlands Antilles, with an additional
35 percent of the acreage. Unidentifiable third-tier parties own
6 percent of the cropland.

Foreign persons from Germany, the United Kingdom, Mexico, and
Canada own 45 percent, or 1,831,679 acres, of pasture land.
Foreign persons from Japan, the British Virgin Islands, the
Netherlands, the Netherlands Antilles, Panama, Luxembourg,
Switzerland, and France own an additional 39 percent, or
1,570,988 acres.

The largest group of owners of other agricultural land are for-
eign persons from France, Canada, and the Netherlands Antillies,
with 29 percent of the acres. They are followed by foreign
persons from the Netherlands, Germany, Luxembourg, Japan,
Switzerland, Sweden, and the United Kingdom who own 324,501

acres, or 46 percent.

Based on reports by foreign owners who reported owning only
forest or forest and other nonagricultural land, these reports
account for 44 percent of all the foreign-owned U.S. agricultural
land (tables 1 and 12). ) The remaining 55 percent is primarily
farmland, although it includes some forest and/or other
nonagricultural and commonly reported as part of the farmland
holding (table 11).

The average parcel size |for parcels with forest or forest and
other nonagricultural land is 2,749 acres (table 12). Except for
Maine (with 37 percent of the acreage, the uniqueness of which
has been noted previously), the forest or forest and other
nonagriculture acres are concentrated in the South and West.
Alabama, Georgia, Louisiana, Mississippi, South Carolina,
Tennessee, and West Virginia account for 32 percent. California,
Oregon, and Washington account for another 17 percent of the
acres reported.

22


Transfers by foreign investors to U.S. purchasers accounted for
51 percent of the parcels and 39 percent of the acres (table 34).
Reports for 6 percent of the parcels and 5 percent of the acres
indicated that they were transferred to other known foreign
persons. Reports for 40 percent of the parcels covering 55
percent of the acres indicated dispositions to persons of unknown
citizenship.

Corporations were the most active type of foreign owner disposing
of land, accounting for 63 percent of the owners, 82 percent of
the parcels, and 93 percent of the acres (table 35). In com-
parison, individuals and partnership accounted for 34 percent of
the owners, 16 percent of the parcels, and 6 percent of the
acres.

Size of Disposition. The most acreage disposed of was for
parcels with 1,000 or more acres, accounting for 94 percent of

TABLE 34--DISPOSITIONS OF U.S. AGRICULTURAL LAND BY FOREIGN OWNERS,
BY CITIZENSHIP OF PURCHASERS, JANUARY 1 - DECEMBER 31, 1993

(NUMBER)
PURCHASER PARCELS ACRES
REPORTED
USA 285 193,816
FOREIGN 35 22,947
UNKNOWN 224 277,092
NO REPORT 14 4,603
TOTAL 558 498,458

TABLE 35--DISPOSITIONS

1993

|
|

‘
OF U.S. AGRICULTURAL LAND BY TYPE OF FOREIGN
OWNER, JANUARY 1 - DECEMBER 31,

(NUMBER )
PARCELS WITH
OWNER OWNERS | PARCELS | ACRES PARTIAL ACREAGE

REPORTING| REPORTED INTEREST EQUIVALENT 2/

REPORTED 1/
INDIVIDUAL 28 34 11,530 8 10,776
CORPORATION a1 460 465,899 14 395,568
PARTNERSHIP 21 37 19,630 1 19,472
TRUST 4 7 1,399 ° 1,399
TOTAL 144 558 498,458 23 427,215
41/_ PARCELS WITH PARTIAL INTERESTS ARE THOSE PARCELS WHICH ARE OWNED

ONLY IN PART BY THE FOREIGN INVESTOR; THAT IS, A PERCENTAGE INTEREST
LESS THAN 100 PERCENT.

2/

BY THE PERCENTAGE HELD BY THE FOREIGN OWNER.

39

ACREAGE EQUIVALENT EQUALS THE TOTAL ACREAGE REPORTED MULTIPLIED


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

DECEMBER 31,

1993--CONTINUED

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

VIETNAM ° ° 152 ° ° 152
ZIMBABWE 131 30 67 ° 2 230
MULTIPLE 8,438 8,994 8.276 28,160 1,477 86,285
WIRD THER 12,0n0 7a90 Aa, 758 1.320 328 66.917

SUBTOTAL 1/ 1,277,154 1,661,694 3,390,293 368,922 198,606 6,896,009
US/ANDORRA 200 ° ° ° 3,744
US/ARGENI INA asc 40 192 228 4507
US/AUSTRALIA 553 345° “1,052 104 2,08
US/AUSTRIA 5.092 3,375 184 96 24,272"
US/BAHAMAS 15.622 4,291 10,260 144 61,354.
US/BARBADOS a4 Cee) ° 44
US/BELGIUM 17,880 29,538 1,658 2,173 89,031
US/BERMUDA 1,648 16.359 7,746 14,813 38,986.
US/BRAZIL 10,310 ° 739 184 14,400
US/BRITISH VIRGIN an '

ISLANDS 1,610 129,019 2,927 204 180 199,340
US/CANADA 57,402 148,101 1,421,541 + ° 27,841 33,872 1,688,757
US/CAYMAN ISLANDS 7.562 397 2,507 917 586 11,969
US/CHILE 9,929 ° ° ° 9,929:
US/CHINA 316 1,908 1,527 ' 1,198 10.640 15,589
US/COLOMBIA 302: 9,801 500 ° 1 10, 184
US/COSTA RICA ° 239 168 ° ° 407
US/DENMARK aig 235 6,307 at 6 6,998
US/ECUADOR 69 1,549 ° ° 14 1,632
Us/EGYPT 195 330 300 122 12 959
US/EL SALVADOR 52 555 ° ° ° 607
US/FINLAND : 60 ° 2,150 ° 72 2,282
US/FRANCE 60,424 41,450 780,857 46,073 19,074 947,878
US/GERMANY 135,760 482,008 89,450 17,256 20,260 744,734
US/GREECE 110 4,957 447 ° 35 5.249
US/GUATEMALA ° 392 ° 20 ° 412
US/GUYANA ° ° ° 334 ° 334
US/HONDURAS 37 ° ° ° ° 3
US/HONG KONG 121,102 8,345 826 119 747-134, 138
US/ INDONESIA 351 153 ° 14 26 544
US/IRAN 483 747 5 559 67 1,861
US/IRAQ 800 ° ° ° ° cs
US/TRELAND 1,828 705 1,794 325 3 4,655
US/ISRAEL 95 ° 187 45 87 aia
US/ITALY 15,148 3.947 1,374 702 1,333 22,504
US/JAPAN 49,234 108.507 82,952 30. 186 10.891 281,770
US/JORDAN 75 284 ° 75 ° 434
US/KENYA ° ° 92 ° ° 32
US/KOREA (SOUTII) 10 63 ° ° 12 85
US/KUWAIT 486 6,379 772 604 89 8.330
US/LEBANON 200 140 133 209 24 703
US/LIBERIA 1,874 18,749 4,830 1,082 201 26,739
US/LIBYAN ARAB REPUBLIC ° ° ° 277 3 280
US/LIECHTENSTEIN 71,098 5,735 9,563 4,097 8.412 98,841
US/LUXEMBOURG 12.703 164,984 2.739 16,066 7.763 - 233,655
US/MALAYSIA ° ° ° 300 ° 3
US/MEXICO 8.141 225,296 1,095 12,846 2.405 249,783
US/NETHERLANDS 74,830 196.960 26,696 38.480 32.886 369,802
US/NETHERLANDS ANTILLES 57.300 134,385 13.728 8.188 6.949 220,850
US/NEW HEBRIDES 4,300 1,593 ° 158 2,991
US/NEW ZEALAND 2.605 46.569 ° 240 1,021 50.455
US/NICARAGUA ° 242 40 282
US/NORWAY 765 30 163 8,039 742 9,709
US/PANAMA 44,235 95,395 5.602 5.415 1,922, 151,969
US/PARAGUAY ° 236 ° ° ° 236
Us/PERU 361 280 105 878 62 1,696
US/PHILIPPINES 5,972 59 1,274 32 1,056 17,793
US/PORTUGAL 1,429 151 ° ° 103 1,689
US/QATAR ° ° 219 ° ° 219
US/SAUDI ARABIA 699 6.695 2.199 113 942 10,648
US/SOUTH AFRICA 1,295 300 178 656 144 2,573
US/SPAIN 2,869 707 403 557 38 4,574
US/SWEDEN 3.213 1,851 700 1,040 gBt “7,185
US/SWITZERLAND 112,784 53.248 118,278 29,983 12,236 326.529
US/TAIWAN 5.924 3.242 3.079 5.627 259 17,528
US/THATLAND 175 ° ° 77 ° 252
US/TRINIDAD & TOBAGO 20 ° ° ° ° 20
US/TURKEY 350 93 ° ° ° 443
US/UNITED ARAB EMIRATES. 713 2,318 66 ° 126 3,223
US/UNITED KINGDOM 135,123 350,273 592,094 22.760 33,824 1,134,074
US/URUGUAY ° 550 25 40 3 618
US/VENEZUELA 34,065 1,806 2,777 413 1,108 40,269
US/MULTIPLE 9,618 4,192 161,725 984 880 = 177,399
US/THIRD TIER 136.856 1,453 237,039 5,784 5,729 386,861

SUBTOTAL 2/ 1,231,383 2,370,045 3,633,911 342,649 231,463 7,809,451

‘AL ALL
eT ANDIYOLOTNGS 2,508,597 4,031,739 6,964, 144 710,971 430,069 14,645,460

2/ TOTAL INTERESTS OF U.S.

CORPORATIONS WITH FOREIGN SHAREHOLDERS.

21

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


| Summary

Foreign persons reported that they owned 14.6 million acres, or
slightly more than 1 percent of the 1.3 billion acres of private-
ly owned U.S. agricultural land (farm and forest land) as of
December 31, 1993. This is an increase of 140,141 acres from the
1992 data. These and other findings are based on an analysis of
reports submitted to the U.S. Department of Agriculture under the
Agricultural Foreign Investment Disclosure Act of 1978.

Information received at the time of reporting shows that forest
land accounts for 48 percent of all foreign-owned acreage,
cropland for 17 percent, pasture and other agricultural land for
32 percent, and nonagricultural land for 3 percent.

Corporations own 71 percent of the acreage; partnerships, 21
percent; and individuals, 6 percent. The remaining 2 percent is
held by estates, trusts, institutions, associations, and others.
U.S. corporations in vilion foreign persons have a significant
interest or substantial control reported owning 53 percent of the
foreign-held acreage. |The remaining 47 percent was reported as
held by foreign persons not affiliated with a U.S. corporation.

Foreign persons from Canada, the United Kingdom, Germany, France,
Switzerland, the Netherlands Antilles, and the Netherlands
account for 72 percent |of the foreign-held acreage. Foreign
persons from Japan own |only 3 percent of the foreign-owned acres.

A number of parcels are owned only in part by foreign investors;
that is, the foreign interest in some parcels is less than 100
percent, with the remaining percentage being owned, for example,
by a U.S. partnership.| When the 14.6 million acres are adjusted
for these partial interests, the total foreign-owned acreage
drops to an equivalent |/of 13.3 million acres.

The largest number of acres owned by foreign persons was reported
in Maine. Foreign holdings in Maine account for 13 percent of
Maine's privately owned agricultural land and 17 percent of all
the reported foreign-owned agricultural land nationwide. Four
companies own 88 percent of the foreign-held acres in Maine, all
in forest land. Two companies are Canadian, the third is a U.S.
corporation that is partially Canadian owned, and the fourth is a
U.S. corporation that is partially French owned.

Except for Maine, foreign holdings are concentrated in the West
(35 percent) and South| (34 percent). Rhode Island is the only
State with no reported| foreign-owned agricultural land.

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

No change in tenure was reported for 46 percent of the acres,
while some change was teported for 26 percent of the acres. No

vi



(See table 40 for trends data.) Acreage owned in the years
listed is the total amount of land that was reported purchased
during that year and which remained foreign owned as of December
31, 1993. Because land|is disposed of by foreign owners or there
are changes in status from foreign to nonforeign or from
agricultural to nonagricultural, acreage amounts in each year are
decreased by these land] dispositions or status changes.

Table 7 adjusts reported current value by State for the same
reasons given in the discussion of table 6. Because the reported
current value in table 7 is adjusted by each State's average
annual change in farmland value, the total adjusted current value
will differ from that of table 6. Simply explained, not all land
values in table 6 would|have changed at the national average.
Therefore, the total adjusted current value in table 7 should be
a better measure of value than that of table 6. The total
adjusted current value by State indicates a. 5-percent increase
from the reported current value.

Country of Origin. Of the 14,645,460 acres of foreign-held
agricultural land reported by foreign persons, 53 percent is held
by U.S. corporations with foreign interests. The remaining 47
percent is held by foreign persons not connected with a U.S.
corporation (table 8).

|

Foreign persons from Canada own the largest amount of reported
foreign-held acres of ULs. agricultural land, 3,332,284 acres, or,
23 percent. Foreign persons from the United Kingdom (U.K.),
Germany, and France own) 2,955,384 acres (20 percent), 1,494,552
acres (10 percent), and) 1,079,998 acres (7 percent), respec—
tively, an additional 37 percent. Foreign persons from
‘Switzerland, the Netherlands Antilles, and the Netherlands own an
additional 12 percent of the acres. These seven countries of
origin own a total of 10,552,295 acres, or 72 percent of all
reported foreign-owned holdings of U.S. agricultural land.
Approximately 3 percent| of the acreage, 453,178 acres, is owned
by unidentifiable third-tier persons; that is, the acreage is not
attributable to any foreign country of origin because no foreign
country of origin is listed through the third tier of ownership.

Foreign persons from the United Kingdom, Germany, and Canada, own
2,055,242 acres or 41 percent of the foreign-held acres in the
South (table 9). Eight! percent of the acreage, 403,208 acres, is
owned by unidentifiable third-tier foreign persons. An _
additional 26 percent, 1,290,191 acres, is owned by foreign
persons from France, the Netherlands Antilles, Switzerland, and
Mexico.

In the West, foreign persons from the United Kingdom own more
acres than any other single group~-29 percent. Much of the U.K.
figure is attributable jto a U.K. partnership that owns 48 parcels
covering 716,903 acres jand three U.S./U.K. corporations that own
21 parcels covering 509,800 acres. Foreign persons from Germany,
Canada, and Japan reported owning 1,340,132 acres or 26 percent.
An additional 1,095,210 acres, or 22 percent, were reported by
i

12



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

DETERMINATION OF “FOREIGN PERSON" STATUS

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

You are a “foreign person” under the provisions of P.L. 95-460 and must complete the front side of this form (ASCS-153) if your answer is "NO" to all the

statements numbered 1, 2, and 3 below. . yes [No
1, 1AM a citizen of the United States.
2._1 AM acitizen of the Northern Mariana Islands or the Trust Territories of the Pacific Islands.

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

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

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

4. LAM 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. | AMa foreign government.

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

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

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

ITEM INSTRUCTIONS AND REPORTING DATES.

ITEM 1. ONLY ONE BOX MAY BE CHECKED

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

If the tract of land to be listéd under item 2 on the front side of this document was, on or after February 2, 1979:

-Acquired, check * 2.54, Gl
-Disposed of, check © 0% Reporting Date:
~Changed from non-agricultural to agricultural use, check * Gruen” If any of these activities are checked
-Changed from agricultural to non-agricultural, use check tnswsecrorte fy] fin Item 1. rerum the completed
non-Agptasture ASCS-153 within ninety (90) days
ITEM8. The date entered would be as follows for the activity checked from the date of the transaction.
in Item 1:

Box Aor B- Date acquired,
Box = Date disposed of.
Box D or E- Date land use changed,

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

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

49


TABLE 20--FOREIGN OWNERS OF U.S.

AGRICULTURAL LAND ACQUISITIONS BY STATE,

UANUARY 1 - DECEMBER 31, 1993
(NUMBER )
INDIVIDUAL ORGANIZATION
STATE
AND U.S.
TERRITORY PARCELS ACRES PARCELS ACRES
REPORTED REPORTED
ALABAMA ° ° 15 18,495
ARIZONA ° ° 13 8,008
ARKANSAS. 2 74 4 10,626
CALIFORNIA ° ° 7 1,084
COLORADO 1 625 9 28.970
FLORIDA 2 162 9 9,714
GEORGIA 1 134 21 4,888
HAWAII 2 85 1 1
ILLINOIS 2 142 24 4,165
INDIANA ° ° 12 672
KANSAS ° ° 2 320
KENTUCKY 2 159 15 2,799
LOUISIANA ° ° 2 702
MAINE ° ° 4 25,575
MICHIGAN 2 184 2 158
MINNESOTA ° ° 3 870
MISSISSIPPI ° ° 21 6,200
MISSOURI 1 940 2 2,340
MONTANA ° ° 2 648
NEBRASKA ° ° 2 286
NEVADA 1 640 6 129,497
NEW HAMPSHIRE 1 10 ° °
NEW MEXICO ° ° 3 8,320
NEW YORK 4 400 1 924
NORTH CAROLINA 2 59 3 242
OHIO 4 603 5 1,935
OKLAHOMA ° ° 3 1,124
OREGON ° ° 4 225
PENNSYLVANIA ° ° 19 1,760
SOUTH CAROLINA 1 92 9 1,509
TENNESSEE ° ° 1 195
TEXAS 10 1,729 13 76,162
UTAH 1° 167 2 1,871
VERMONT 2 24 3 309
VIRGINIA 1 21 2 392
WASHINGTON 1 69 4 107
WEST VIRGINIA ° ° 3 369
WISCONSIN 1 75 1 2,658
WYOMING ° ° 6 12,804
TOTAL 44 6,394 255 366,921
TABLE 21--FOREIGN-OWNED U.S. AGRICULTURAL LAND ACQUISITIONS
BY SIZE OF ACQUISITION, JANUARY 1 - DECEMBER 31, 1993
SIZE OWNERS PARCELS ACRES VALUE
(ACRES) REPORTING REPORTED (NUMBER ) (4,000
(NUMBER ) (NUMBER ) . DOLLARS) i/
LESS THAN 20 12 12 95 W741 1
20-59 29 34 985 6,984
60-399 14 15 1,159 1,794
100-299 35 48 6,266 241,914
300-989 38 75 21,454 27.303
1000 OR MORE 29 118 343,356 127,748
TOTAL 187 299 373,315 186,514

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

29


Purchase Price and Value lof Acquisitions. Corporations account
for 62 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 trusts at $282; followed by corporations, $459;
partnerships, $601; and individuals $1,358.

Equity is frequently used to measure net foreign investment
transfer. To approximate equity, debt was subtracted from
current value for all reports that provided information on debt
and current value. The 299 reports providing information on debt
($12,543,000) and current value ($186,701,000) resulted in an
equity figure of $174, 158, 000 (table 22). These figures reveal
an equity figure of 93 percent in relation to current value.

Country of Origin. U.S. |corporations with foreign interests
acquired 60 percent of the acreage. Foreign persons not
affiliated with a U.S. corporation acquired the remaining 40
percent (table 23). Foreign persons ‘from the British Virgin
Islands acquired 196,340|acres, 52 percent of the total.

Eighty-eight percent of the acres acquired during 1993 were in
the South and West (table 24). Foreign persons from the British
Virgin Islands and U.S. /France corporations acquired 68 percent
of the acres in the South. U.S./British virgin Islands
corporations acquired 67|percent of the acres in the West and
foreign persons from Canada acquired 91 percent of the acres in
the Northeast.

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

OF FOREIGN OWNER, JANUARY 1 - DECEMBER 31, 1993
l
ACRES ACRES
WITH PURCHASE WITH NON-
OWNERS PURCHASE | PRICE 1/ NON- PURCHASE
OWNER REPORTING PRICE (1,000 PURCHASE PRICE i/
(NUMBER ) REPORTED | DOLLARS) PRICE (1,000
(NUMBER) REPORTED DOLLARS)
(NUMBER)
INDIVIDUAL 42 5,689 8,447 708 238
CORPORATION 85 105,245 84,630 146,928 31,159
PARTNERSHIP 22 76,235 35,909 16,787 20,009
TRUST 8 21,666 6,072 60 50
TOTAL 157 208,835 135,058 164,480 51,4156
ACRES ACRES
WITH CURRENT WITH EQUITY
CURRENT VALUE 2/ EQUITY (1,000
VALUE (1,000 REPORTED DOLLARS)
REPORTED DOLLARS) (NUMBER )
(NUMBER )
INDIVIDUAL 6.304 8,742 6,394 5,289
CORPORATION 252,173 115,889 252,173 108,158
PARTNERSHIP 93,022 55,948 93,022 54,589
TRUST 21,726 6,122 21,726 6,122
TOTAL 373,315 186,701 373,315 174,158

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

30



TABLE AO--ACQUISITIONS ANDO DISPOSITIONS OF FOREIGN-OWNED U.S.

UANUARY 1981 - DECEMBER 1993--CONTINUED

AGRICULTURAL LAND, BY DATE

ACQUISITIONS DISPOSITIONS
DATE
PARCELS ACRES VALUE PARCELS ACRES VALUE
REPORTED (NuMBER) = |_(1,000 REPORTED (NUMBER) =| (1,000
(NUMBER ) DOLLARS) 1/ (NUMBER) DOLLARS )1/
1986
UANUARY aa 13,459 59,635 27 ATAT 6,203
FEBRUARY 26 9,299 6,765 18 11295 21415
MARCH aa 36,251 S1.544 17 13,060 10,508
APRIL 56 25.766 135,703 22 5.520 4.196
MAY 98 1,604, 122 130,986 88 1,641,830 22,107
JUNE 81 94,301 47,803 36 17,965 4.185
vULY 38 26,912 32.869 24 19.614 23,558
AucusT 33 16,351 22,053 34 8.395 15,539
SEPTEMBER 34 36.048 58,043 26 3,787 10,088
OCTOBER 136 240,291 62.705 33 11,366 ayaat
NOVEMBER 47 15,643 17,601 32 9,501 4.312
DECEMBER N25 51,474 100.026 75 87,955 48,924
TOTAL 728° 2,169,914 728,430 429 1,794,975 156,473
1987
UANUARY 26 9.508 20,307 23 4,467 7,578
FEBRUARY 32 14,316 39,974 29 6,993 6.821
MARCH 54 134467 81.462 40 33,089 17.816
APRIL 63 68,330 29.999 72 27.647 30,026
MAY 38 44,505 30,081 32 10,627 20,554
JUNE 47 203.785 49,532 59 226,943 25,397
yULY 43 29.933 36,399 35 30.206 414,904
AUGUST 45 26,880 26.702 36 7.826 36,191
SEPTEMBER 39 471546 31.656 44 6.594 13,257
OCTOBER 68 24.412 58,217 39 5,349 8,730
NOVEMBER 50 140,936 29,998 43 14,982 16,835
DECEMBER 97 98.404 65,857 159 38.517 52,594
TOTAL 603 812,422 470,184 ou 412,610 250,703
1988
YANUARY 68 65.072 71,641 52 26,268 22,604
FEBRUARY a3 28.757 231548 52 60,267 46.828
MARCH 51 37.347 93,603 102 87,912 49.931
APRIL 42 35.472 29.367 63 266,203 80.047
May 46 71,276 53,965 87 34,946 12.872
JUNE 92 148,931 89,130 70 22,980 11,357
yULY 53 33,912 17,359 58 13,678 25.746
AUGUST 46 347,968 57.428 66 309667 73,190
SEPTEMBER 40 16,883 96,410 52 10,579 9,268
OCTOBER 82 237,358 128, 188 500 248,179 113,062
NOVEMBER 81 89,221 36.553 43 194,149 21.118
DECEMBER 107 269,448 234,510 105 394,779 61,483
TOTAL 721 1,351,645 991,702 1,220 1,879,007 527,506
1989
UANUARY 65 48,972 68,281 46 21,970 13,454
FEBRUARY 33 25,377 90,591 28 6,564 7.300
MARCH 72 135,921 94,649 ag 31,670 22.599
APRIL 37 27.344 39,505 28 20,835 417,139
MAY 62 29,822 128,071 39 6.111 25,700
JUNE 52 66, 106 55,063 46 17,031 T1178
vuLY 41 14,952 39,798 21 12,187 14,971
AUGUST 47 95.640 68,238 59 68,952 27,274
SEPTEMBER 83 296,578 132,978 a2 8.817 10,832
OCTOBER a3 42,075 87.456 26 1.903 4,587
NOVEMBER 739 519.031 95,228 24 8.706 7,089
DECEMBER 105 422.819 226,352 46 aa 136 25.077
MULTIPLE 1 36 63 ° °
TOTAL 720 1,724,073 1,096,267 454 242,582 179.867
1990
UANUARY 5a 32.010 69,690 36 9,593 6.084
FEBRUARY a2 79.808 44,261 30 11,744 10,312
MARCH 49 142,668 921349 34 85,690 54,680
APRIL 46 57,347 21,891 38 9.713 11,449
MAY 44 19,925 93,836 45 26.216 50.244
JUNE 51 26,817 60.562 35 7.649 18,568
JULY 116 293,779 110,273 31 5.468 21,066
AUGUST 35 7.739 21,987 34 5.940 9.335
SEPTEMBER 86 627,398 70.368 34 12,473 6.893
OCTOBER 58 54,966 103,911 60 137,048 54,621
NOVEMBER 44 32,026 47,851 38 6.317 15,038
DECEMBER 186 158.911 86,612 48 23,178 27,087
MULTIPLE 2 54 20.728 ° °
TOTAL 813 1,533,849 840,719 463 341,029 285,387
CONTINUED

45


foreign persons from, the Netherlands, Mexico, Luxembourg, the
Netherlands Antilles, and Panama.

In the Northeast, foreign persons from Canada and France own
2,685,975 acres, or 86 percent of the foreign-held acreage in the
region. Seventy-five percent of this figure, 2,334,554 acres, is
attributable to five companies with extensive forest holdings--
one Canadian company with partial interests in 59 parcels cover-
ing 869,291 acres, one Canadian company with 9 parcels covering
266,023 acres, one U.S. /Canada corporation with 41 parcels cover-
ing 727,207 acres, and two U.S. /France corporations with 31
parcels covering 472,033 |acres.

In the Midwest, foreign persons from Canada, Germany, and the
United Kingdom reported owning 889,852 acres, 62 percent of the
foreign held acreage in the region. An additional 10 percent of
the acreage is owned by multiple entities (entities that have
foreign owners from a number of countries, none of whom has a
predominant interest). |

Interest in Land |

Of the 12,925 parcels of |foreign-held U.S. agricultural land, 87
percent of the parcels, accounting for 83 percent of the reported
acreage, is held in fee interest whole (that is, the owner holds
the estate in its entirety) . Partial interests are held in
another 6 percent of the|parcels covering another 14 percent of
the acres (table 10).

Under the AFIDA regulations, leases of 10 years or longer are the
only leases that need to/be reported. 4/ Leases are treated
separately because they represent a totally different type of
interest. Questions on value, tenure, and method of acquiring
land do not apply because the report form was not devised to deal
with leases. Leases cover 1,352,316 acres of U.S. agricultural
land. Timber land accounts tor 679, 780 acres, or 50 percent of
the reported foreign leageholds.

Method of Acquisition

More foreign investors reported paying cash for their U.S.
agricultural landholdings than using any other method of ac-
quisition--50 percent of | the parcels, covering 34 percent of the
acreage (table 10). This compares with 26 percent of the
parcels, containing 16 percent of the acreage, that were acquired
by credit only, and 8 percent of the parcels, containing 27
percent of the acreage, that were acquired by other method only.
The other method only category includes mergers, corporations
that became foreign because foreign persons obtained a signi-
ficant interest or substantial control in the corporations, or
an individual exchanging|land for stock in a new corporation.
The cash and credit only|category covers an additional 8 percent
of the parcels and 12 percent of the acres.

7 C.F.R. § 781.2(c) (2993).
18


Appendix:

Report Form ASCS8-153

Form Approved - OMB No. 0560-0097

Bscs-163 SARTMENT OF AGRICULTURE FI. TYPE ACTIVITY (See Reverse) (Check one)
tei gical Sabuzaon and Conservation Se ©. Land
A. tang [7] Bs Land oe |
Holding _ Acquistion Disposition

AGRICULTURAL FOREIGN INVESTMENT DISCLOSURE ACT REPORT

ID. Land Use Change oO

E. Land Use Change To Oo

NOTE: Read instructions on Reverse Before Filing in Any Data Below. H Additional Space is Needed, Use Reverse. To Agriculture Non-Agriculture
TEM iad . TEM
2. Tract Location and Description | ony __|5. Type of Interest Held in the Agricultural Land (Check One) CHECK
‘A. LEGAL DESCRIPTION OR ASCS TRACT NUMBER 1 A. Fee Interest (ownership) Whole
B, Fee Interest (ownership) Partial WW ewy %
C. Life Estare
D. Trust Beneficiary
B. COUNTY OR PARISH |C. NO. OF ACRES: E. Purchase Contract
F. Other (explaind
D. STATE |
‘3._Owner of Tract (in item 2A) (See Reverse) i
AL NAME | 6. How was this Tract Acquired or Transferred? CHECK
| ‘A. Cash Transaction
BoD NO. (Nine digits) | | Sheek IF No, B._Credit or Installment Transaction
NOT KNOWN
Ee C. Trade
GI TEGAL ADDRESS (Sireer. City, State-Province. Countrs) D Gift or Inheritance
E. Foreclosure
F. Other (explain?
D. Type of Owner (Check oned CHECK
1. Individual (including hushandwife)
‘2. Citizenship of Individual | | 7. Value of Agricultural Land
‘A. Purchase Price of Land or fa land dispo- T
2. Government (name of country) | | sition. the original price paid by seller s
3. Organization B. Non-Purchase. Estimated Value at the T
a. Type Time of Acquisition s
1) Corporation ‘G. What is the estimated current value orit'a T
2) Partnership I land disposition. the selling price of the $
3) Estate t tract of land?
ah i D. How much of purchase price in Item 7A |
5 a - 1 remains to be paid? s
) Tnstieution_ i B. Date of Acquisition or MONTH pr i
6) _Association ‘Transter (See Reverse)
7) Other |
B. Gov't. or country under whose | | 19. Current Land Use (Usual use of land. For idle land, MORES
Taw the organization is created report as other Agriculture.) Report in Whole Numbers.
‘e. Principal place of business (for | | A. Crop
organizations only) B. Pasture
List on separate sheet, the Name, Address and Country of all -
foreign persons who individually or in the aggregate hold significant C. Forest or Timber
interest or substantial control 1/ in the person owning the land. D. Other Agriculture
E. Complete only if tem 1C- Land Disposition - Is checked E. Non-Agriculture
‘1. NAME OF PERSON RECEIVING TRACT
j F. Total (Should equal 2C)
% ADDRESS ‘Sireet City, State/Province. Country) 10, Intended Use as of This Date (Check One) ‘CHECK
‘A._No Change
B. Other Agriculture
3. CITIZENSHIP C. Non-Agriculture
vse [I] roneon [) | uwscom C
— 11. i
4, Representative of Foreign Person ( ing form, tap lationship of Foelgn Owner to Producer (i appicabe) CHECK
Bo NAME ‘A. Producers:
4. Foreign owner
B. ADDRESS (Sireet State. Country) 2. Manager
3, Tenant or sharecropper
B. Rental agreement
G. TELEPHONE NO, (Area Code) 1. Acrap share
D. Relationship of Representative to Foreign Person CHECK 2. Cash or fixed em
4. Attomey
2. Manager 112. The Producer on This Tract is: CHECK
3, Agent . l ‘A. The same person as when the tact was acquired
4. Other (Explain on Reverse) L B.A new person

73, CERTIFICATION -/ certify that the Information entered in this report is complete and correct. [understand that falsification of reporting 1s subject

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

J4. SIGNATURE (Onner or legally authorized representative)

Joare

Ye U.S. GOVERNMENT PRINTING OFFICE: 1994 300-125 /00036

ERS COPY

48


Preface

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

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

act

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

calendar-year basis. This report covers information received
through December 31, 1993.

Contents
List Of Tables... ccc s cece cece cece ces ce cece eceecrececccese
SUMMALY. 1... cee eee ee eh eee cence tence eens eee ee see seeeseseeeee

Introduction... ssceeteceeeseseceees
Summary of the Act and Regulations
bY ok oh ok Ro) »|~  y

Analysis of Data Reported Under the Act..
Holdings.....-.ee.
Acquisitions......
Dispositions, Land-Use Changes, and Changes in Status....

TLENdS.. ccc cece eee bee e cece eee eee eeesccseeeeee
Program Costs and PenaltieS......seeeeeeeecccccccccececevese
Appendix: Report Form] ASCS-153.........seeeeeeeee ce cecccees

bh
bP



Tenure

Tenants operate 35 percent of the parcels acquired during the
period and 14 percent of the acres, whereas foreign owners
operate 27 percent of the parcels and 41 percent of the acres
(table 32). Managers, operate 5 percent of the parcels and 28
percent of the acres. No responses on tenure were received for
33 percent of the parcels covering 17 percent of the acres.
Rental agreements applied to only 34 percent of the parcels
covering 14 percent of the acres.

Tenure Change

Reports for 31 percent of the parcels acquired during the period
indicate no tenure change for 54 percent of the acreage (table
32). Reports for 40 percent of the parcels, containing 34

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

JANUARY. 1 - DECEMBER 31, 1993
(NUMBER )
ITEM NO CHANGE OTHER OTHER NON- | NO REPORT TOTAL

AGRICULTURE | AGRICULTURE

INDIVIDUAL:
PARCELS REPORTED 42 4 4 ° 44
ACRES 6,310 50 a4 ° 6,394
ORGANIZATION:
PARCELS REPORTED 216 9 24 6 255
ACRES 359,560 2,322 4,677 362 366,921
TOTAL:
PARCELS REPORTED 258 10 25 6 299
ACRES 365,870 2,372 4,744 362 373,315

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

UANUARY 1 - DECEMBER 31, 1993
PARCELS ACRES VALUE
TENURE REPORTED (NUMBER) (4,000
(NUMBER) DOLLARS) 14/
CURRENT:
FOREIGN OWNER 82 154,154 51,705
MANAGER 16 104,257 11,464
TENANT 104 52,140 56,499
NO REPORT 97 62,767 66,849
TOTAL 299 373,315 186,514
RENTAL:
cROP 14 2,836 4,540
CASH 92 48.856 50,758
NO REPORT 114 167.472 79,511
NOT APPLICABLE 82 154,151 51,705
TOTAL 299 373,315 186,514
INTENDED CHANGE:
NONE 91 213,293 74,140
NEW 120 126,675 66,476
NO REPORT 88 33,347 45,898
TOTAL 299 373,315 186,514

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

37


are in these two land-use categories (tables 26 and 27). Sixty-
five percent of these acquisitions, were in Alabama and Maine
(table 27).

Foreign persons from Canada not affiliated with a U.S.
corporation and U.S./France corporations purchased most of the
U.S. forest land or forest and other nonagricultural lands (table
28), accounting for 81 percent.of such acquisitions, 37,397

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

JANUARY 1 - DECEMBER 31, 1993
STATE PARCELS ACRES VALUE
AND U.S. REPORTED (NUMBER ) (4,000
TERRITORY (NUMBER ) DOLLARS) 1/

ALABAMA 15 15,422
FLORIDA 1 386
GEORGIA 9 3,172
ILLINOIS 1 1
LOUISIANA 1 358
MAINE 3 2,098
MINNESOTA 2 15
MISSISSIPPI 17 5,924
NEW YORK 2 400
NORTH CAROLINA 3 149
OREGON 2 4,159
PENNSYLVANIA 3 498
SOUTH CAROLINA 3 719
TEXAS 1 14
VERMONT 3 238
VIRGINIA 1 201
WASHINGTON 2 20
WISCONSIN 1 15,756

TOTAL 70 49,530

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

TABLE 28--U.S. FOREST AND OTHER NONAGRICULTURAL LAND ACQUISITIONS
BY COUNTRY OF FOREIGN OWNER, JANUARY 1 - DECEMBER 31, 1993

OWNERS PARCELS ACRES VALUE
COUNTRY REPORTING | REPORTED | (NUMBER) (4,000
(NUMBER ) (NUMBER ) DOLLARS) 1/

AUSTRIA 1 2 410 351
CANADA 5 7 14,670 18,093
GERMANY 2 2 580 694
NETHERLANDS 1 1 39 53
SWITZERLAND 1 1 21 19
UNITED KINGDOM 2 14 3,041 7,983

SUBTOTAL 2/ 12 27 18,764 27,193
US/BELGIUM 1 1 46 64
US/BRITISH VIRGIN

ISLANDS 1 1 673 554
US/CANADA 2 6 893 232
US/FRANCE 3 21 22,727 19,531
US/GERMANY 4 9 1,548 1,504
US/SWITZERLAND 1 1 48 14
US/UNITED KINGDOM 3 4 1,289 444i

SUBTOTAL 3/ 15 43 27,230 22,337
TOTAL 27 70 45,991 49,530

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

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

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

35


errors must also be considered in reviewing this study. Result-
ing data deficiencies are noted where appropriate. The "No
Report" category in the tables means that a response to the
particular question was not made. Note that the acreage figures
reported do not mean that they are wholly owned by foreign
investors. Of the 14.6 million foreign-owned acres, 53 percent
are owned by U.S. corporations in which there is a significant
interest or substantial control by foreign persons (table 8). In
addition, a number of acres are owned only in part by foreign
investors. See, for example, table 2, which gives the acreage
equivalent for foreign owners reporting partial interests in the
real estate. These partial interests reduce the 14.6 million
acres to an equivalent of 13.3 million acres.

Analysis of Data Reported Under the Act
Holdings

Data in this section are derived from the 12,925 reports filed by
foreign persons who held land as of December 31, 1993. These re-
port forms account for 14,645,460 acres of all U.S. agricultural
land. This is an increase of 140,141 acres from the 14,505,319
acres foreign owners reported owning as of the end of last

year. 3/ This 140,141-acre increase is less than the 373,315
acres acquired during 1993, as reported in the "Acquisitions"
section. The reason for this difference is because of dis-
positions made prior to December 31, 1992, the closing date of
last year’s report, that were reported after that date.

Concentration of Foreign Ownership of U.S. Agricultural Land

Foreign persons have reported acreage holdings in 49 States and
Puerto Rico (table 1 and fig. 1). Rhode Island is the only State
with no reported foreign-owned agricultural land. Except for
Maine (described below), only a small percentage of privately
held agricultural land in the other 48 States is foreign owned
(table 1 and fig. 2). Deleting the acreage for Maine from the
Northeast data, foreign investment in U.S. agricultural land is
concentrated in the West (35 percent) and South (34 percent)
(table 9).

Maine has the largest amount of foreign-owned U.S. agricultural
land, 2,425,136 acres, or 13 percent of the privately owned
agricultural land in the State and approximately 17 percent of
the reported foreign-owned agricultural land in the United
States. Most of the foreign-owned agricultural land in Maine,
2,145,589 acres, is timber land owned by four companies. One

3/ The 14,518,999 acres reported in last year’s report overstated
the amount of foreign-held U.S. agricultural land because of filing
errors and reductions in the nonagriculture category. The 1992
figure has been adjusted downward to 14,505,319 acres.

5


Figure 3

Trends in Foreign Ownership of Agricultural Land by Type of Use, 1981-93

Million acres

15

145

13 4

12 4

1 - Forest

10 4

94

8-4

7 Nonag
Other ag

6

5

4 Pasture

3

2

1 Crop

oO

1981 1982 1983 1984 1985 1986 1987 1989

47


Figure 1

State Concentration of Foreign Ownership of Agricultural Land, December 31, 1993

oe 200,000-399,999
400,000 & over

Figure 2
Proportion of Foreign-Owned Agricultural Land to All Privately Owned
Agricultural Land in the United States, December 31, 1993

Os Lessthan .1%
+1 to .9%

1.0 to 1.9%
2.0% or more



Foreign Ownership of U.S. Agricultural Land Through December 31,
1993, by J. Peter DeBraal, Resources and Technology Division,
Economic Research Service, U.S. Department of Agriculture. Statis-
tical Bulletin No. 879.

Abstract

Foreign persons owned 14.6 million acres of U.S. agricultural
land as of December 31, 1993. This is slightly more than 1
percent of all privately held agricultural land and 0.65 percent
of all land in the United States. These and other findings are
based on an analysis of reports submitted in compliance with the
Agricultural Foreign Investment Disclosure Act of 1978.

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

The United States Department of Agriculture (USDA) prohibits discrimination in its pro-
grams on the basis of race, color, national origin, sex, religion, age, disability, political be-
liefs, and marital or familial status. (Not all prohibited bases apply to all programs.)
Persons with disabilities who require alternative means for communication of program in-
formation (braille, large print, audiotape, etc.) should contact the USDA Office of Commu-
nications at (202) 720-5881 (voice) or (202) 720-7808 (TDD).

To file a complaint, write the Secretary of Agriculture, U.S. Department of Agriculture,
Washington, DC 20250, or call (202) 720-7327 (voice) or (202) 720-1127 (TDD). USDA

Washington, DC 20005-4788 April 1994


Concentration of Foreign |Acquisitions of U.S. Agricultural Land

Fifty-six percent of the acres acquired during 1993 were in
Nevada and Texas (table 18). Eighty-eight percent of the
acquisitions were concentrated in the West and South (table 24).
Much of this concentration is due primarily to foreign persons
from the British Virgin Islands accounting for 52 percent of the
acquisitions.

Characteristics of Foreign Owners

Type of Foreign Owner. corporations reported acquiring 67
percent of the parcels and acres (table 19). Individuals account
for 2 percent of the acres; partnerships, 25 percent; and trusts
and associations, 6 percent. When partial interests of foreign
investors are taken into |account, the 373,315 acres drop to’ an
acreage equivalent of 372,485 acres.

Corporations acquired an javerage of 1,261 acres per parcel, or
2,967 acres per owner, compared with individuals who acquired an
average 145 acres per parcel, or 152 acres per holder. Partner-
ships reported acquisitions averaging 2,326 acres per parcel, or
4,228 acres per owner; and trusts reported 1,448 acres per parcel
ana 2,716 acres per owner.

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

Size of Acquisition. Owners of parcels with 300 acres or more
(43 percent of the owners) acquired approximately 98 percent of
the acres, and owners of |parcels with less than 300 acres (57
percent of the owners) acquired the remaining 2 percent of the
acres (table 21). All parcels of 300 or more acres accounted for
83 percent of the total value. The value per acre, however, is
concentrated in the reports of holders of less than 300 acres--
$3,699 per acre, compared with $425 per acre for holdings of 300
or more acres.

TABLE 19--U.S. AGRICULTURAL LAND ACQUISITIONS BY TYPE OF FOREIGN OWNER,
UANUARY 1 - DECEMBER 31, 1993
(NUMBER )

| PARCELS: WITH
OWNER OWNERS PARCELS ACRES PARTIAL ACREAGE

REPORTING] REPORTED INTERESTS EQUIVALENT 2/
| REPORTED 1/

INDIVIDUAL 42 44 6,394 3 5,991
CORPORATION 85 200 252,173 3 251,746
PARTNERSHIP. 22 40 93,022 1 93,022
TRUST 8 15 21,726 ° 21,726

TOTAL 157 299 373,315 7 372,485

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

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

28



TABLE 9--FOREIGN OWNERSHIP OF U.S. AGRICULTURAL LANDHOLDINGS BY U.S. REGION,
| DECEMBER 31, 1999
|

(NUMBER)

SOUTH WEST NORTHEAST MIDWEST

COUNTRY
parcets | acres | parceLs | acres | parcets | acres | PARCELS | ACRES
i

ARGENTINA 35 beet 5 4,855 3 1,798 1 80
AUSTRALIA 8 31725 6 11474 1 13 3 222
AUSTRIA SB -24,285 10-29, 151 4 526 "1 2.648
BAHAMAS 34 7,709 7 18,645 7 1,138 4 7,200
BAHRAIN ° a) ° ° ° ° 2 313

BARBADOS 3 [117 ° ° ° °
BELGIUM 24 10,364 56 81,797! 12 B02 " 2.563
BELIZE 4 [159 1 25 ° ° 1 365
BERMUDA 22 «67,526 7 1,391 8 2,067 28 2.460
BOLIVIA 2 44 ° ° ° ° ° °
BRAZIL 8 \8.505 1 320 4 197 ° °
BRITISH VIRGIN ISLANDS 34 117,106 3 4,203 3 690 5 3,962
CANADA 302 70, 192 486 281,935 664 1,219,728 187 71,672
CAYMAN ISLANDS 36 0 «17,582 8 "13,898 4 7A 9 4,870
CHILE 8 654 1 960 1 300 1 160
CHINA 4 144 2 263 ° ° 1 92
COLOMBIA 370 14,914 ° ° ° ° 1 100
COSTA RICA 8 2.845 1 10,840 ° ° 1 150
CROATIA 1 863 ° ° ° ° 1 160
CUBA 2 20 ° ° ° ° ° °
CZECH REPUBLIC 2 30 ° ° ° ° 1 320
DENMARK 2 622 8 5.984 6 4,806 5 1,874
DOMINICAN REPUBLIC 3 49 ° ° ° ° 9 2.079
ECUADOR 23 976 ° ° ° ° ° °
EGYPT 12 1,895 1 97 1 100 1 a2
EL SALVADOR 3 128 ° ° ° ° ° °
FINLAND ° ° 1 22 ° ° ° °
FRANCE 95 = 18, 928 50 93,640 22 © 12,110 18 7,402

GAMBIA 1 | "294 °° ° ° °
GERMANY 810 336,396 330 230,590 148 © 40,179 407 142,653
GREECE 4187,972 2 1,439 2 30 9 99
GUATEMALA 8 553 ° ° 2 307 1 242
GUYANA 1 35 ° ° ° ° ° °
HONDURAS 12 1,018 ° ° ° ° ° °
HONG KONG 35 61646 aa 5,793 7 1.657 3 667
HUNGARY ° ° ° ° 1 103 ° °
INDIA 5 1,108 8 877 1 23 ° °
INDONESIA 4 752 ° ° ° ° ° °
TRAN 5 396 7 agi 5 788 s 678
IRELAND 10 6.A74 1 3,600 ° ° A 434
ISRAEL 2 364 1 61 1 159 2 367
ITALY 20 78,243 18 2,714 4 756 8 1,537
IVORY COAST ° | ° ° 1 119 ° °
UAMAICA a 1.631 ° ° ° ° ° °
UAPAN 30 -32,289 73° 180,173 2 224 2300«17,229
YORDAN 12 719 1 871 2 229 3 61
KAMPUCHEA ° ° ° ° ° ° 1 31
KOREA (SOUTH) 4 479 2 987 1 100 1 34
KUWAIT 9 9,020 2 224 1 217 4 727
Laos 1 31 ° ° ° ° ° °
LEBANON 24 7,198 5 2,410 3 238 10 2.817
LIBERIA 7 1,500 10 23,981 3 4,637 1 414
LIECHTENSTEIN 75 64,205 56 57.251 15 2.210 20. © 10,281
LUXEMBOURG 6 3.185 2 505 2 29 1 286
MALAYSIA 4 40 4 7,908 ° ° ° °
MEXICO 255 145,142 22 32,189 1 27 5 877
MOROCCO ° ° 1 360 3 515 1 160
NAMIBIA 2 106 ° ° ° ° 1 31
NETHERLANDS 158 52,985 62 36,901 at 10,503 59 16,222
NETHERLANDS ANITLLES 226 181.221 9G 157,042 a 61590 a5 24,309
NEW ZEALAND 3 13,237 2 350 ° ° ° °
NICARAGUA 4 1,978 ° ° ° ° ° °
NORWAY 2 654 3 361 ° ° 17 4,698
OMAN 4 192 1 262 ° ° ° °
PAKISTAN ° ° 6 968 ° ° ° °
PANAMA 121 84,700 25. 70,770 6 2,622 8 7,080
ERU 17 182 1 a1 1 15 1 30
PHILIPPINES, 14 887 27 2.637 ° ° 3 156
POLAND ° ° ° ° 1 147 ° °
PORTUGAL 2 510 6 3,101 1 385 ° °
RUSSIA ° ° ° ° 4 761 ° °
ST VINCENT 3 1,918 ° ° 1 1,319 ° °
SAUDI ARABIA aa 5 ,480° 10 10,719 1 31628 5 661
SINGAPORE ° ° 3 504 ° ° °
SOMALIA ° ° ° ° 1 4 ° °
SOUTH AFRICA 3 2,012 ° ° 3 461 ° °
SPAIN 14 2.067 7 826 ° ° 5 997
SWEDEN 15 3.679 16 48,471 3 313 10 2,086
SWITZERLAND 308 = 1341543 91 110,739 44 16,248 66 925,853
SYRIA 5 2.164 4 194 2 334 ° °
TAIWAN 12 4.575 16 2,389 ° ° 5 985
TANZANIA 2 0. 143 ° ° ° ° ° °
THAILAND 3 580 3 978 1 164 3 113
TRINIDAD & TOBAGO 2 36 ° ° ° ° 1 58
TURKEY ° ° 1 98 ° ° ° °
TURKS ISLANDS ° ° 6 798 1 160 5 2,294
UNITED ARAB EMIRATES 8 3.414 5 519 ° ° ° °
UNITED KINGDOM 217 842,733 109 823,728 52 77,331 81 77,518
URUGUAY 2 [1.870 2 320 ° ° 4 8,917
VENEZUELA 104 10.603 1 537 16 2,850 20 8,289
| 16 CONTINUED -~



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the acres (table. 36). As should be expected, sales prices per
acre were higher for smaller parcels. Average selling price for
parcels of less than 20 lacres was $25,299 per acre, compared with
$253 per acre for parcels of 1,000 or more acres. Average
selling price of all reported dispositions was $342 per acre.

Country of Origin. Foreign persons from Canada and U.S./France
and U.S./Mexico corporations disposed of most of the acreage--80
percent (table 37). Most of the dispositions occurred in the
Northeast, 47 percent of the acres (table 38). Foreign persons
from France and Canada accounted for 99.6 percent of the
dispositions in the Northeast.

Land Use

Twelve percent of the dispositions were cropland; 33 percent,
pasture; 53 percent, forest; and 1 percent each, other
agriculture and other nonagriculture (table 39). U.S./France
corporations disposed of 28 percent of the cropland; U.S./Mexico
corporations disposed of 67 percent of the pasture land; and
foreign persons from canada and U.S./France corporations disposed
of 95 percent of the forest land.

Trends

The data for 1993 are generally biased toward the first part of
the year, whereas the data for 1981 through 1992 are generally
more evenly distributed |throughout the year (table 40). This has
also been the case for current year data in past AFIDA reports.
This can be explained primarily in terms of the AFIDA reporting
requirements, which allow persons 90 days to report their trans-
actions to the U.S. Department of Agriculture (USDA). Con-
sequently, not all transactions occurring in the 90 days pre-
ceding the closing date jof the report are reported to USDA by
that date. Some of the |bias is also due to reports that are not
timely filed and/or completed by the closing date. The foregoing
discussion also means that the 1993 data and, in some instances,
data for prior years aré understated and should be regarded as
preliminary.

Foreign ownership of U.S. agricultural land has remained rel-
atively steady from 1981 through 1993--slightly above or below 1
percent of all privately owned agricultural land in the United
States (fig. 3). Most of the fluctuation is attributable to
changes in the forest holdings, rising from 7.2 million acres in
1981 to 8.1 million in i984, dropping to 6.0 million in 1989,
rising to 7.3 million in 1991, and dropping slightly to 7.0
million in 1993. These ghanges are mainly due to million-acre-
plus transactions by large timber companies. Looking at the
crop, pasture, and other agriculture figures reveals a steady but
relatively small increase in the numbers. Cropland rose from 1.7
million acres in 1981 to 2.5 million in 1993; pasture, from 2.8
to 4.0 million acres; and other agriculture, from 0.5 to 0.7
million acres.

40


TABLE 19--U

FOREST AND OTHER NONAGRICULTURAL

|" LANDIWLOINGS,
BY COUNTRY OF FOREIGN OWNER, DECEMBER 31, 1999
(NUMBER)
counrey | owwers | parcets | acres

ARGENTINA 2 2 240
AUSTRALIA 3 5 540
AUSTRIA 9 23 17,250
BAHAMAS 1 1 71200
BARBADOS 1 1 78
BELGIUM 2 2 161
BELIZE 1 2 102
BERMUDA 8 "4 41.617
BRITISH VIRGIN TSLANOS 1 1 18
CANADA 298 Ata 1,204,022
CAYMAN. TSLANDS a 4 2124
DENMARK 4 5 61027
eqvPT 3 4 140
EL SALVADOR 1 1 50
FRANCE to 13 7,378
GERMANY 138 220 188,218
GREECE 3 3 118
GUATEMALA 1 1 186
HONG KONG 2 8 4,069
INDIA 1 1 831
TRAN, 3 3 243
TSRAEL 1 1 78
UAMAIGA 1 1 1,310
UAPAN 6 6 11287
YORDAN 3 4 204
KOREA (SOUTH) 1 1 353
KUWATT 1 1 198
LEBANON 2 2 a4
LIBERIA 2 2 4,290
LIECHTENSTEIN 9 13 14,191
LUXEMBOURG 2 3 279
MEXICO 2 3 208
NETHERLANDS 5 ® 4,062
NETHERLANDS ANTILUES 24 34 381098
NORWAY 1 1 74
PANAMA 6 2 16,944
PHILIPPINES 4 5 203
ST VINCENT 1 1 20
SAUDI ARABIA 4 4 734
SOMALIA 1 1 4
SPAIN 2 2 438
SWEDEN 2 2 105
SWITZERLAND 16 23 9,180
SYRIA 2 2 147
TAIWAN 1 1 96
TURKS TSLANDS 1 1 5
UNITED ARAB EMIRATES 1 2 708
UNITED KINGDOM 40 167 1,887,624
VENEZUELA 8 6 tots
VIETNAM 1 1 152
MULTIPLE 8 ry 5,620
THIRD TIER 4 9 44.368

SUBTOTAL 1/ est 1,087 3,180,898
US/AUSTRALIA 1 1 318
US/AUSTRIA 3 8 2,987
US/BAHAMAS 1 2 3,384
‘US/BELGIUM 7 36 22,197
US/BERMUDA 4 at 11,004
US/BRITISH VIRGIN

TSLANDS 1 4 1,
US/CANADA 40 491,370,642
US/CAYMAN ISLANDS: 1 1 640
US/CHINA 1 3 1,827
US/DENMARK 4 4 8,176
US/F INLAND 2 8 21222
US/FRANCE 47 220 716,438
US/GERMANY 24 70 73,204
US/GREECE 1 1 1A7
US/TRELAND 4 4 1,612
US/JAPAN 16 24 72,890
US/KENYA. 1 1 32
US/KUWAIT 1 1 772
US/LIBERIA 4 4 3.820
US/LIECHTENSTEIN 2 3 6,648
US/LUXEMBOURG 1 1 8
US/MEXICO 1 1 63
US/NETHERLANDS 10 WW 11,199
US/NETHERLANDS ANTILLES a 19 11673
US/NORWAY 1 1 25
US/PANAMA 4 4 2,242
US/PHILIPPINES 3 3 796
US/OATAR 1 1 219
US/SAUDI ARABIA 2 5s 3.043
US/SWEDEN 1 1 531
US/SWITZERLAND 15 25 54,934
US/TAIWAN 3 3 1
US/UNITED KINGDOM AT 225 549,319
US/VENEZUELA 8 6 3,192
US/MULTIPLE 5 15 161.391
US/THIRD TIER 2 122 235,037

SUBTOTAL 2/ 238 1,297 3,320,803
TOTAL 889 2,954 6,471,701

1/ TOTAL INTE!

FOREIGN SHAREHOLO
'2/ TOTAL INTE!

‘SHAREHOLDERS .

ERS
RE:

Jaests EXCLUDING U.S. CORPORATIONS WITH

STS OF U.S. CORPORATIONS WITH FOREIGN

24


Interest in Land

Ninety-four percent of the parcels, accounting for 99 percent of
the reported acres, were acquired in fee interest whole (table
25).

Method of Acquisition

Sixty-four percent of the parcels, covering 46 percent of the
acres, were acquired for cash only (table 25). This compares
with 6 percent of the parcels, covering 37 percent of the acres,
acquired by other method only.

Land Use

Of the acres acquired in 1993, 66 percent were in pasture, 14
percent in forest, 12 percent in crop, 6 percent in other
agriculture, and 2 percent in other nonagriculture (table 26).
Foreign persons from Germany and U.S./Canada and U.S./Japan
corporations acquired 57 percent of the cropland. Foreign
persons from the British Virgin Islands acquired 79 percent of
the pasture land and foreign persons from Canada and U.S./France
croporations acquired 82 percent of the forest land.

Separating data on reports for only forest or forest and other
nonagricultural land shows that 12 percent of the acquisitions

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

JANUARY 1 - DECEMBER 31, 1993
(NUMBER)
ITEM PARCELS ACRES
REPORTED
INTEREST:
FEE INTEREST WHOLE 282 369,962
FEE INTEREST PARTIAL 1/ 7 1,668
LIFE ESTATE 1 92
PURCHASE CONTRACT 9 1,593
TOTAL 299 373,315
METHOD OF ACQUISITION:
CASH ONLY 192 173,708
CREDIT ONLY 26 TAN
TRADE ONLY 27 15,610
GIFT/INHERITANCE ONLY 4 536
FORECLOSURE ONLY 18 10,038
OTHER METHOD ONLY 18 138 , 380
CASH & CREDIT ONLY 10 26,234
CASH & TRADE ONLY 2 281
NONCASH COMBINATIONS 2 1,420
TOTAL 299 373,315
OWNER-~REPRESENTATIVE:
ATTORNEY 103 78,001
MANAGER 55 45,917
AGENT 33 ' 100, 155
OTHER 85 146,017
FOREIGN OWNER 23 3,225
TOTAL 299 373,315

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

33


Relationship of Foreign Owner to Representative

Forms were most commonly completed by the attorneys, accounting
for 33 percent of the parcels and 38 percent of the acreage
(table 10). The second largest group is the other category
(accountants, family members, and people associated with or
employed by corporations) with filings for 21 percent of the
parcels and 20 percent of the acres, followed by managers with
filings for 16 percent of the parcels covering 26 percent of the
acres.

Land Use

Forty-eight percent of the reported foreign-owned holdings of
agricultural land is timber or forest land (table 11); cropland
accounts for only 17 percent. Foreign-owned cropland, .pasture,
and other agricultural land (which includes, for example, or-
chards and vineyards) total 49 percent of all. foreign-owned
holdings, but only 0.5 percent of all privately held agricultural
land in the United States. The other nonagriculture category

TABLE 10--FOREIGN-OWNED U.S. AGRICULTURAL LANDHOLDINGS
BY TYPE OF INTEREST, METHOD OF ACQUISITION,
AND OWNER-REPRESENTATIVE, DECEMBER 31, 1993

(NUMBER )
ITEM PARCELS ACRES.
INTEREST:
FEE INTEREST WHOLE 11,196 12, 152,903
FEE INTEREST PARTIAL 4/ 819 2;008,853
LIFE ESTATE aT 9,670
TRUST BENEFICIARY 167 101,257
PURCHASE CONTRACT 630 313,576
OTHER 66 59,201
TOTAL 12,925 14,645,460
METHOD OF ACQUISITION:
CASH ONLY 6,460 5,015,428
CREDIT ONLY 3,377 2,342,209
TRADE ONLY 305 347,707
GIFT/INHERITANCE ONLY 355 250,283
FORECLOSURE ONLY 87 53,861
OTHER METHOD ONLY 1,052 3,969,633
CASH & CREDIT ONLY 1,094 1,768,517
CASH & TRADE ONLY 68 583,922
CASH & ANY OTHER COMBINATION 45 54,515
NO REPORT 43 13,997
NONCASH COMBINATIONS 72 245,388
TOTAL 12,925 14,645,460
OWNER-REPRESENTATIVE:
ATTORNEY 4,320 5,557,242
MANAGER 2,125 3,799,828
AGENT 1,629 1,187,330
OTHER 2,745 2,882,676
FOREIGN OWNER 1,977 1,038,830
NO REPORT 129 179,554
TOTAL 12,925 14,645,460

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

19


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

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

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

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


TABLE 36--DISPOSITIONS OF FOREIGN-OWNED U.S. AGRICULTURAL LAND
BY SIZE OF DISPOSITION, JANUARY 1 -

DECEMBER 31, 1993

OWNERS PARCELS SELLING

SIZE REPORTING REPORTED ACRES PRICE

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

DOLLARS) 1/

LESS THAN 20 25 29 167 4,225
20-59 24 28 795 2,534
60-99 8 14 648 3,366
100-299 26 39 4,381 17,758
300-989 37 85 22,141 23,737
1000 OR MORE 27 363 470,326 118,792
TOTAL 144 558 498.458 170,412

4/ SELLING PRICE IS VALUE AT TIME OF DISPOSITION.

TABLE 37--DISPOSITIONS OF U.S. AGRICULTURAL LAND BY COUNTRY OF FOREIGN

OWNER, JANUARY 1 - DECEMBER 31, 1993

OWNERS PARCELS SELLING

COUNTRY REPORTING | REPORTED ACRES PRICE

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

DOLLARS) 1/
AUSTRIA 1 3 766 1,055
BAHAMAS, 1 1 202 81
BELGIUM 4 1 7 2,200
BERMUDA 2 2 224 510
CANADA 13 18 74,175 4,904
DENMARK 2 2 160 110
FRANCE 1 1 204 300
GERMANY 29 47 17,735 19,453
JAPAN 1 1 1,176 350
LIECHTENSTEIN 3 4 2,975 3,611
MEXICO 1 1 21 225
NETHERLANDS 2 3 170 139
NETHERLANDS ANTILLES 4 5 2,927 2,584
PAKISTAN 3 6 2,480 5,001
SWITZERLAND 2 3 87 1,162
TAIWAN 1 1 68 460
UNITED KINGDOM 6 30 8,941 3,581
VENEZUELA 1 1 320 2,151
SUBTOTAL 2/ 74 130 112,638 47,877
US/BAHAMAS, 1 6 14,900 4,049
US/BELGIUM 2 4 20 25
US/CANADA 6 69 14,757 10,273
US/F INLAND 1 2 87 33
US/FRANCE 8 179 197,249 51,842
US/GERMANY 7 7 2,528 1,042
US/ITALY 1 5 32 82
US/JAPAN 5 5 4,432 11,235
US/LIECHTENSTEIN 3 7 1,627 1,079
US/MEXICO 4 5 110,295 9,310
US/NETHERLANDS 3 3 3,124 8,126
US/NETHERLANDS ANTILLES 1 1 3,295 1,437
US/PANAMA 1 1 379 1,098
US/SWITZERLAND 6 8 6,457 5,568
US/UNITED KINGDOM 20 125 26,637 17,334
US/THIRD TIER 1 4 1 2
SUBTOTAL 3/ 70 428 385.820 122,535
TOTAL ALL

LAND DISPOSITIONS 144 558 498,458 170,412

4/. SELLING PRICE IS VALUE AT TIME OF DISPOSITION.

2/ TOTAL INTERESTS EXCLUDING U.S.

SHAREHOLDERS.

CORPORATIONS WITH FOREIGN

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

41


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

JANUARY 1 - DECEMBER 31, 1999

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

AUSTRIA ° ° 766 ° ° 766
BAHAMAS 38 ° 164 ° ° 202
BELGIUM ° ° ° 7 ° 7
BERMUDA 106 40 75 1 2 224
CANADA 376 448 72,994 270 87 74,475
DENMARK 159 ° ° ° 1 160
FRANCE ° 100 104 ° ° 204
GERMANY 12,367 1,657 3,143 437 134 17,735
JAPAN ° 1,176 ° ° ° 1,176
LIECHTENSTEIN 2,527 ° ° 412 336 2,975
MEXICO 24 ° ) ° ° 24
NETHERLANDS, ° 147 16 ° 7 170
NETHERLANDS ANTILLES 2,334 166 261 137 29 2,927
PAKISTAN 2,480 ° ° ° ° 2,480
SWITZERLAND Co) 87 ° ° ° 87
TAIWAN ° ° ° 68 ° 68
UNITED KINGDOM 72 6,985 1,882 ° 2 8,941
VENEZUELA ° ° ° 320 ° 320

SUBTOTAL 1/ 20,480 10,806 79,405 | 1,352 595 112,638
US/BAHAMAS ° 14,900 ° ° ° 14,900
US/BELGIUM ° ° 20 ° ° 20
US/CANADA 443 100 13,235 834 145 14,757
US/F INLAND ° ° 87 ° ° 87
US/FRANCE 17,119 11,635 165,789 989 1,717 197,249
US/GERMANY 1,740 753 10 ) 25 2,528
US/ITALY ° ° 32 ° ° 32
US/JAPAN 82 4,095 205 ° 50 4,432
US/LIECHTENSTEIN 879 696 15 24 13 1,627
US/MEXICO ° 110,256 ° 39 ° 110,295
US/NETHERLANDS 1,242 1,664 15 188 15 3,124
US/NETHERLANDS ANTILLES 3,135 ° ° 160 ° 3,295
US/PANAMA 350 ° ° 29 ° 379
US/SWITZERLAND 4,867 301 978 78 233 6,457
US/UNITED KINGDOM 9,947 9,999 5,664 80 947 26,637
US/THIRD TIER ° ° 1 ° ° 1

SUBTOTAL 2/ 38,804 154,399 186,051 2,421 3,145 385,820
TOTAL ALL

LAND DISPOSITIONS 60,284 165,205 265,456 3,773 3,740 498,458

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

43


TABLE 1--U.S. AGRICULTURAL LANDHOLDINGS OF FOREIGN OWNERS BY STATE, DECEMBER 31, 1993
{
TOTAL LAND | PRIVATELY OWNED FOREIGN-OWNED | PROPORTION OF
AREA | | AGRICULTURAL AGRICULTURAL FOREIGN-OWNED TO
STATE OF STATE 4/ | LAND 2/ LAND PRIVATELY OWNED
(1,000 ACRES) (1,000 ACRES) (acres) AGRICULTURAL LAND
(PERCENT)
ALABAMA 32,491 28,620 447,859 1.6
ALASKA 365,333 500 75 NEG.
ARIZONA 72,645 10,502 336,076 3.2
ARKANSAS 33,330 27,981 188,850 “7
CALIFORNIA 100,031 44,042 920,754 2.4
COLORADO 66,301 | 36,618 642,682 1.8
CONNECTICUT 3,118 1,884 881 NEG.
DELAWARE 1,237 972 5,870 6
FLORIDA 34,658 23,975 620,835 2.6
GEORGIA 37,156 32,338 577,386 1.8
HAWAIT 4,412 1,998 179,960 9.0
IDAHO 52,744 15,256 22,375 :
ILLINOIS 35,631 31,633 193,304 6
INDIANA 22,996 20,493 87,718 .4
IOWA 35,818 33,582 31,792 a
KANSAS 52,338 49.780 76,202 +2
KENTUCKY 25,388 22,578 96,501 4
LOUISIANA 28,494 | 24,523 686,203 2.8
MAINE 19,837 18,065 2,425,136 13.4
MARYLAND 6,296 4,510 51,276 1.
MASSACHUSETTS 5,008 2,664 1,988
MICHIGAN 36,451 25.742 205,830 8
MINNESOTA 50,911 36,343 216,646 6
MISSISSIPPI 30,229 26,713 501,300 1.9
MISSOURI 44,125 39,289 76,060 2
MONTANA 93,048 53,052 563,562 1.
NEBRASKA 49,052 45,444 77,404 22
NEVADA 70,332 | 8,248 285,773 3.5
NEW HAMPSHIRE 5,756 4,254 149,605 3.5
NEW JERSEY 4,779 2,438 18,572 8
NEW MEXICO 77,654 35,705 783,872 2.2
NEW YORK 30,321 21,893 273,843 1.3
NORTH CAROLINA 31,260 26,392 227,206 “9
NORTH DAKOTA 44,352 39,211 29,468 af
OHIO 26,243 22,519 198.747 9
OKLAHOMA 43,939 38,500 58,422 22
OREGON 61,558 28,022 736,289 2.6
PENNSYLVANIA 28,728 21,518 59,318 23
PUERTO RICO NA NA 839 NEG.
RHODE ISLAND 675 357 ° °
SOUTH CAROLINA 19,330 15,854 194,190 4.2
SOUTH DAKOTA 48,609 39,556 42,666 :
TENNESSEE 26,339 21,873 174,591 8
TEXAS 167,691 154,417 1,185,931 8
UTAH 52,527 11,892 55,118 5
VERMONT 5,935 5,153 121,057 2.3
VIRGINIA 25,410 20,963 112,032 5
WASHINGTON 42,567 22,530 386,889 4.7
WEST VIRGINIA 15,436 13,531 111,138 8
WISCONSIN 34,833 26,729 26,944 :
WYOMING 62,073 24,459 178,728 7
TOTAL 2,265,182 1,265,171 14,645,460 1.2

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

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

NEG. = NEGLIGIBLE

NA = NOT AVAILABLE

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