TABLE 7--VALUE OF FOREIGN-OWNED-U.S. AGRICULTURAL LANDHOLDINGS
BY STATE, DECEMBER 31, 1985
ACRES REPORTED ADUUSTED
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 264.d66 118,297 254,617 154,375 162,602
ALASKA 416 255 416 255 219
ARIZONA 284,522 318,408 210,271 316,553 307,137
ARKANSAS 157,103 170,656 152,672 173,038 158,884
CALIFORNIA 895,766 1,790,758 815,798 1,728,904 1,984,192
COLORADO 486,543 445,295 413,121 395,343 403,985
CONNECTICUT 1,064 4.384 952 3,165 3,443
DELAWARE 5,387 13,445 5,110 9,293 1480
FLORIDA 644,085 1,079,721 550,077 1,168,569 1,186,822
GEORGIA 586,281 549,142 548,310 559,698 497,020
GUAM 336 2,389 ° ° °
HAWAII 52,993 51,294 52,698 51,072 47,047
IDAHO 27.351 18,851 26,537 19,650 15,424
ILLINOIS 86 576 196,309 82,352 202,286 129,687
INDIANA 41,632 64,957 33,019 60,403 41,657
TOWA 32,684 49,964 30,045 53,390 31,412
KANSAS 68.757 37.567 66,069 39,721 30,807
KENTUCKY 43,575 102,189. 35,706 99,947 79.095
LOUISIANA 418,986 144,242 396,117 176,768 150,178
MAINE 1,901,252 242,247 1,280,435 224,730 243,737
MARYLAND 47,297 102,521: 43,834 113,604 112,237
MASSACHUSETTS, 1,707 1,344 1,522 1,054 1,374
MICHIGAN 196,099 68,595 193,603 60,027 51,939
MINNESOTA 240,976 21,903 99,002 18,136 16,021
MISSISSIPPI 328,881 150,012 323,292 180, 184 156,678
MISSOURI 59,081 55,572 54,274 71,444 52,228
MONTANA 378,105 62,408 345,557 64,387 52,952
NEBRASKA 70,187 12,582 66,633 26.278 16,783
NEVADA 51,367 13,714 51,285 15,744 17,523
NEW HAMPSHIRE 112,879 17,253 111,838 16,571 22,134
NEW JERSEY 26,254 134/275 22,221 125,937 145,618
NEW MEXICO 494,496 47,119 335,694 53) 144 51,758
NEW YORK 423,738 151,967 413,294 110,274 114,964
NORTH CAROLINA 217,966 132,850 204,754 182,507 179.297
NORTH: DAKOTA 20,004 3,750 17,590 7,435 6,987
OHIO 53,153 108,791 32,126 114,781 71,856
OKLAHOMA 28,309 19,901 27,599 21,842 20,705
OREGON 890,062 233,068 842,985 294,409 174,378
PENNSYLVANIA 160,356 31,426 158,722 34,722 32,489
PUERTO RICO 1,453 4.462 1,453 4,968 4.718
SOUTH CAROLINA 191,178 167,121 180,700 149.810 138,791
SOUTH DAKOTA 42,493 14,651 37,474 14,368 10,381
TENNESSEE 76,537 53,003 71,007 46,489 42,559
TEXAS 1,017,382 1,611,363 892,064 1,556,883 2,152,151
UTAH 67,336 17,868 44,489 133,235 147,052
VERMONT 107,039 63,916 101,262 68,219 1,426
VIRGINIA 120,809 197,790 94,555 172,290 163,013
WASHINGTON 453,604 175,549 393,594 239,549 252,332
WEST VIRGINIA 120,526 39,313 119,947 36.4146 15,366
WISCONSIN 19,498 24,979 15,030 23,195 18,740
WYOMING 78,288 19,330 21,499 15,484 14,479
TOTAL 9,218,763 10,273,218 9,410,273 9,830,455

12,094,293

1/_ REPORTED VALUE IS purchase PRICE OR NONPURCHASE PRICE (ESTIMATED VALUE) AT TIME OF

ACQUISITION.

2/ | REPORTED CURRENT VALUE REFLECTS VALUE AT TIME OF REPORTING AFTER FEBRUARY
3/ REPORTED CURRENT VALUE: ADJUSTED TO APRIL 1, 1985.

ACQUIRED IN 1985 IS UNADJUSTED.

1, 1979,

REPORTED CURRENT VALUE -FOR HOLDINGS


Land Use

Of the acres acquired in 1985, 88 percent were forest land. Cropland, pasture,
and other agricultural land totaled 197,045 acres, or 12 percent of the acquisi-
tions. Acreage in the "Other Nonagriculture” category was only 0.3 percent of
the total. The sizeable U.S./U.K. figure is attributable to one corporation
with 58 parcels covering 1,316,796 acres. Two other noticeable acquisitions are
the 90,351 acres of cropland acquired by a U.S./Third Tier entity, accounting
for 80 percent of the crop land acquisitions, and the 50,000 acres of pastureland

acquired by a U.S./Mexico entity, accounting for 67 percent of the pastureland
acquisitions.

Separating out data on reports for only forest land or forest land and other
nonagricultural land shows that 87 percent of all reported acquisitions are in
these two land-use categories (tables 18 and 27). The remaining 13 percent is
primarily farmland, although it includes some forest and/or other nonagricul-
tural land commonly reported as part of the farm land acquisition (table 26).

TABLE 26--USE QF U.S. AGRICULTURAL LAND ACQUISITIONS BY COUNTRY OF FOREIGN OWNER,
UANUARY 1. DECEMBER 31, 1985

(ACRES)
COUNTRY cropLanp | PASTURE FOREST OTHER —_JOTHER NON- |. NO USAGE TOTAL,
AGRICULTURE | AGRICULTURE] REPORTED

AUSTRIA 1,290 ° 300 ° ° ° 1,590
BAHAMAS . ° 24 38 ° ° ° 59
BELGIUM ° ° ° ° 100 ° 100
CANADA 140 5,847 60,764 36 292 ° 67,073
CAYMAN ISLANDS. ° 146 ° ° ° ° 146
CHINA ° 20 ° ° ° ° 20
FRANCE ° ° 204 ° ° ° 204
GERMANY (WEST) 5,603 176 65,817 251 1,806 ° 74,253
HONG KONG ° ° ° 115 ° ° 115
INDONESIA 132 12 6 ° 1 ° 151
TRELAND 80 155 20 ° 5 ° 260
ITALY 125 ° ° ° ° ° 125
UAPAN ° ° ° 20 ° ° 20
LEBANON 24 380 ase ° 15 ° 1,265
LIECHTENSTEIN 780 ° ° 32 161 ° 973
LUXEMBOURG ° 173 110 ° 6 ° 289
MEXICO ° 395 ° ° ° ° 395
NETHERLANDS 380 290 20 587 ° ° 747
NETHERLANDS ANTILLES 227 29 ° 28 13 ° 297
PANAMA ° 448 ° ° ° ° aaa
SAUDI ARABIA ° 17 263 66 70 ° 416
SWEDEN 336 ° ° 4 1 ° 378
SWITZERLANO 155 1,198 102 192 5 ° 1,652
TAIWAN ° ° ° 69 ° ~o 69
UNITED, ARAB EMIRATES ° ° ° 53 ° ° 53
UNITED KINGOOM 1,155 1,073 946 300 204 ° 3.678
VENEZUELA 376 O° ° ° 161 ° 537
MULTIPLE 1,011 ° 1,365 820 375 ° 3,571

SUBTOTAL 1/ 11,814 10,990 130,811 2,080 3,215 © 158,910
US/ ARGENTINA 280 260 40 ° ° ° 580
US/BAHAMAS ° 281 ° ° ° ° 2et
US/BELGIUM ° ° ° ° 84 ° 54
US/BERMUDA 13 ° 1,629 ° 1,326 ° 2,968
US/BRAZIL sea ° ° ° ° ° 863
US/CANADA 897 1,869 8, 108 87 ° ° 10,931
us/EGYPT 425 255 120 ° 9 ° 809
US/FRANCE 808 ° 84 83 176 ° 1,954
US/GERMANY (WEST) 295 ° ° 325 ° 622
US/TRELAND ° 98 ° ° 1 ° 99
US/JAPAN 307 ° ° ° 64 ° 371
US/KUWAIT 215 ° ° 3 ° ° 224°
US/HEXICO ° 50,000 ° ° ° ° 50,000
US/NETHERLANDS ast 178 ° 44 12 ° 555
US/NETHERLANDS ANTILLES 29 938 44 ° ° ° 1,011
US/PANAMA ° ° ° 114 6 ° 120
US/SAUDT ARABIA ° 186 1,140 ° 4 ° 1,330
US/SWITZERLAND 1,639 8,548 198 2.444 80 ° 12.909
US/UNITED KINGDOM 4,200 867 1,329,076 1,387 360 Oo 1,335,890
US/VENEZUELA ° 109 ° 26 10 ° 145
US/MULTIPLE 80 ° ° 6 ° ° 86
US/THIRD TIER 90,351 ° 296 3.354 ° ° 94,001

SUBTOTAL 2/ 100,753 63,589 1,340,735 7,819 2,104 © 1,515,000
TOTAL ALL

LAND. ACQUISITIONS 112,567 74,579 1,471,546 9,899 5.319 © 1,673,910

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

33


TABLE 21--FOREIGN-OWNED U.S. AGRICULTURAL LAND ACQUISITIONS

BY SIZE OF ACQUISITION, JANUARY 1 - DECEMBER 31, 1985
SIZE OWNERS PARCELS ACRES VALUE
(ACRES) REPORTING REPORTED (NUMBER ) (1,000
(NUMBER) (NUMBER ) DOLLARS) 1/

LESS THAN 20 18 20 183 12,601
20-59 . 35 39 1,244 40,529
60-99 29 32 2,157 12,909
100-299 48 59 8,926 53,714
300-999 33 61 19,272 39,992
1000 OR MORE 25 412 1,642,128 116,019
TOTAL 188 323 1,673,910 275,764

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

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

OF FOREIGN OWNER, JANUARY 1 - DECEMBER 31, 1985
ACRES ACRES
WITH PURCHASE WITH NON-
OWNERS PURCHASE PRICE NON- PURCHASE
OWNER REPORTING PRICE (4,000 PURCHASE PRICE
(NUMBER ) REPORTED DOLLARS) PRICE (1,000
(NUMBER ) REPORTED DOLLARS)
(NUMBER )
INDIVIDUAL 56 12,497 17,497 793 368
CORPORATION 98 1,459,881 140,431 124,022 17,562
PARTNERSHIP 29 71,936 75,572 661 594
TRUST 5 4,120 23,740 ° °
TOTAL 188 91,548,434 257,240 125,476 18,524
ACRES ACRES
WITH CURRENT WITH EQUITY
CURRENT VALUE EQUITY (41,000
VALUE (4,000 REPORTED DOLLARS)
REPORTED DOLLARS) (NUMBER )
(NUMBER )
INDIVIDUAL 13,290 18,125 13,290 14,423
CORPORATION 1,583,903 311,974 1,583,903 264,165
PARTNERSHIP 72,597 71,760 72,597 54,188
TRUST 4,120 23,740 4,120 19,705
TOTAL 1,673,910 425,599 1,673,910 352,481

Equity is frequently used to measure net foreign investment transfer. To approxi-_
mate equity, debt was subtracted from current value for all reports that provided
information on debt and current value. The 323 reports providing information on
debt, $73,118,000, and current value, $425,599,000, resulted in an equity figure
of $352,481,000 (table 22). These figures reveal an equity figure of 83 percent
in relation to current value.

Country of Origin. U.S. corporations with foreign interests acquired 91 percent
of the acreage; foreign persons not affiliated with a U.S. corporation acquired
the remaining 9 percent (table 23). A U.S./U.K. corporation accounted for the
largest acreage reported--58 parcels of forest land covering 1,316,796 acres, or

29


TABLE 33--DISPOSITIONS OF U.S. AGRICULTURAL LAND BY TYPE OF FOREIGN OWNERS
BY STATE, JANUARY 1 - DECEMBER 31, 1985

(NUMBER)
rnokvibuaL ORGANIZATION TOTAL,
STATE |
AND U.S.
TERRITORY PARCELS ACRES PARCELS ACRES PARCELS: ACRES
REPORTED) REPORTED REPORTED
ARIZONA ° ° 6 134 6 134
ARKANSAS ° ° 1 1,800 1 1,800
CALIFORNIA ° ° 8 14,287 8 14,287
DELAWARE 1 23 1 140 2 163
FLORIDA 5 107 7 1,120 12 1,227
GEORGIA 35 4,238 19 11833 54 6,071
IOAHO ° ° 5 11,072 5 11,072
ILLINOIS ° ° 1 6 1 6
INDIANA ° ° 9 95 9 95
TOWA ° ° 1 13, 1 mks
KENTUCKY 1 123 1 206 2 329
LOUISIANA 1 e12 ° ° 1 B12
MAINE ° °o 7 191,589 7 191,589
MARYLAND. 2 225 1 183 3 408
MINNESOTA ° ° 3 186 3 186
MISSISSIPPI ° ° 2 420 2 420
MONTANA 3 84 ° ° 3 84
NEBRASKA oO ° 2 8,440 2 8.440
NEW JERSEY ° ° 1 4 1 4
NEW MEXICO ° ° 1 237 1 237
NEW YORK ° ° 3 653 3 653
NORTH CAROLINA 1 so 3 782 4 Bat
OHIO ° ° 2 Ww 2 Ww
OREGON ° ° 6 6,159 6 6.159
PENNSYLVANIA 2 110 19 262 21 372
SQUTH CAROLINA ° ° 4 1,593 4 1,593
TEXAS 3 128 32 14,842 35 14,970
VERMONT 10 192 5 1,322 15 1,514
. VIRGINIA 6 151 J 1,584 WwW 1,735
WASHINGTON. 3 12 2 7 5 29
TOTAL 73 6,264 157 258,990 230 265,254
TABLE 34--DISPOSITIONS OF U.S. AGRICULTURAL LAND BY FOREIGN OWNERS.
BY CITIZENSHIP OF| PURCHASERS, JANUARY 1 - DECEMBER 31, ©1985
(NUMBER )
PURCHASER PARCELS ACRES
REPORTED
USA 155 47,097
FOREIGN 32 4,468
UNKNOWN 37 208.951
NO REPORT 6 4,738
TOTAL 230 265,254
TABLE 35--DISPOSITIONS OF U.S. AGRICULTURAL LAND BY TYPE OF FOREIGN
OWNER, JANUARY 1 - DECEMBER 31, 1985
(NUMBER)
PARCELS: WITH
OWNER OWNERS PARCELS ACRES PARTIAL ACREAGE
REPORTING| REPORTED INTEREST EQUIVALENT 2/
REPORTED 1/
INDIVIDUAL 33 73 6,264 2 6,149
CORPORATION 6s 123 247,964 6 104,582
PARTNERSHIP 15 21 4,597 1 4,552
TRUST 9 13 6,429 ° 6,429
TOTAL 23 230 265,254 9 121,712

4/ PARCELS WITH
ONLY IN PART BY THE

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

38

PARTIAL INTERESTS ARE THOSE PARCELS WHICH ARE OWNED
FOREIGN INVESTOR; THAT

IS, A PERCENTAGE INTEREST


TABLE 1--U.S. AGRICULTURAL LANDHOLDINGS OF FOREIGN OWNERS BY STATE, DECEMBER 31, 1985
|
2 2 : PROPORTION OF
: TOTAL LAND PRIVATELY OWNED : FOREIGN-OWNED : FOREIGN-OWNED TO
STATE : AREA : AGRICULTURAL : AGRICULTURAL : PRIVATELY OWNED
: OF STATE 1/| : LAND 2/ : LAND : AGRICULTURAL LAND
: -— | 000 ACRES--—~— ACRES PERCENT
ALABAMA : 32,491 29,467 264,966 0.9
ALASKA : 365,333 | 400 416 0.1
ARIZONA : 72,645 10,983 284,522 2.6
ARKANSAS : 33,330 28,834 157,103 0.5
CALIFORNIA : 100,032 47,353 895,766 1.9
COLORADO : 66,301 | 37,527 486,543 1.3
CONNECTICUT : 3,118 2,267 1,061 NEG.
DELAWARE : 1,237 1,064 - “5,387 0.5
FLORIDA : 34,658 26,529 644,085 264
GEORGIA : 37,156 33,253 586, 281 1.8
GUAM : 135 85 336 0.4
HAWAII : 4,112 1,992 52,993 2.7
IDAHO : 52,744 15,166 27,351 0.2
ILLINOIS : 35,613 32,326 86,576 0.3
INDIANA : 22,996 20,909 41,632 0.2
IOWA : 35,818 33,912 : 32,684 0.1
KANSAS : 52,338 49,911. . 68,757 0.1
KENTUCKY : 25,388 22,915 43,575 0.2
LOUISIANA : 28,494 26,463 418,986 1.6
MAINE : 19,837 18,829 1,901,252 10.1
MARYLAND : 6,296 5,146 47,297 0.9
MASSACHUSETTS 5,008 3,322 1,707 0.1
MICHIGAN : 36,451 26,117 196,099 0.8
MINNESOTA : 50,911 36,204 240,976 0.7
MISSISSIPPI : 30,229 26,629 328,881 1.2
MISSOURT : 44,125 40,025 59,081 0.1
MONTANA : 93,048 54,189 378,105 0.7
NEBRASKA : 49,052 45,397 70,137 0.2
NEVADA : 70,332 7,586 51,367 0.7
NEW HAMPSHIRE 5,756 4,682 112,879 2b
NEW JERSEY : 4,779 2,894 26,254 0.9
NEW MEXICO : 77,654 34,452 494,496 1.4
NEW -YORK : 30,321 24,257 423,738 1.7
NORTH CAROLINA + 31,260 27,321 217,966 0.8
NORTH DAKOTA. 44,352 39,617 20,004 0.2
OHIO : 26,243 22,979 53,153 0.1
OKLAHOMA : 43,939 38,875 28,309 0.1
OREGON : 61,558 25,685 890,062 3.5
PENNSYLVANIA ©: 28,728 22,380 “1605356 0.7
PUERTO RICO. : NA NA 1,453 NEG.
RHODE ISLAND 675 439 0 0
SOUTH CAROLINA 19,330 15,932 191,178 1.2
SOUTH DAKOTA 48,609 38,241 42,493 0.2
‘TENNESSEE 26,339 22,901 76,537 0.3
TEXAS 167,691 156,768 1,017,382 0.7
UTAH “52,527 10,779 67,336 0.6
VERMONT 5,935 5,251 107,039 2.0
VIRGINIA 25,410. 21,499 120,809 0.6
WASHINGTON 42,567 23,028 453, 604 2.0
WEST VIRGINIA 15,436 13,744 120,526 0.9
WISCONSIN 34,833 27,637 19,498 0.1
WYOMING 62,073 26,142 75,299 0.3

TOTAL 2,265,242 1,290,271 12,094,293 0.9

NA = NOT AVAILABLE .

NEG. = NEGLIGIBLE .

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

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

6





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

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

DETERMINATION OF “FOREIGN PERSON” STATUS

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

[Ves| NO

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

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

You are a “foreign person” under the provisions of P.L. 95-460 and must complete the front side of this form (ASCS-153) if your answer is “YES” to any of
the statements numbered _4a, 4b, and 5 below. [Yes| NO.

4, 1AM a “person” other than an individual or government, which is created or organized under the laws
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 ot indirectly by any
foreign individual, government, or person. |

5. | AM a foreign government.

i GENERAL INSTRUCTIONS

Complete this form in an original and three copies for each tract of land. Insertion of carbons is necessary. Report as a tract all acreages under the same owner-

ship in each county or parish acquired or transferred on the same date. Land in different counties or parishes and land acquired or transferred on different dates
must be reported as separate tracts,

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

After the original disclosure on ASCS-153 on the tract(s) of land owned by the same person within 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 ina be listed under Item 2 on the front side of this document was:
Owned on February 1, 1979, check 4-120... [J] } Reporting Date: This document is required to be
completed and returned by August 1, 1979.

If the tract of land|to be listed under Item 2 on the front side of this document was, on or after February 2, 1979:
—Acquired, check © R2%¢uuton LZ]

Reporting Date:
—Disposed of, check © 5°S.110n If any of these activities are checked
—Changed from non-agricultural to agricultural use, check °"Ya"agrieuntore” in Item 1, return the completed
—Rhanees Hony ee arealteral uc, check €-tacoumeneee to (if ASCS:15S within ninety (90) days
anged from agricultural to non-agricultural use, check €. Kens on. charge T° CMH from the date of the transaction.
ITem 8, The date entered would be as follows for the activity checked in Item 1:
Box A or 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)

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

4 U.S. Government Printing Office: 1984—565-156
# U.S. GOVERNMENT PRINTING OFFICE: 1986-490-917:20438-ERS

46



two companies that are less thai
acres: are held by 1,061 owners

of 4.69 acres per owner.

Administration of the AFIDA pr;
required an estimated 9.9 staf
The A\

USDA for the past year.
contributed approximately 7.9

remaining costs and staff-year,
search Service, with some cont
the Office of Governmental and

4] 29 Fed. Reg. 35,072 (198:

n 10-percent foreign owned. The residual 4,972
in 1,075 parcels of 10 acres or less, an average.

PROGRAM COSTS

‘ogram for obtaining and analyzing the data has
f-years at a cost of approximately $335,000 to
‘gricultural Stabilization and Conservation Service
‘staff-years at an estimated cost of $280,000. The
‘Ss are attributable primarily to the Economic :Re-
ributions by the Office of the General Counsel and
Public Affairs.

4); 7. C.FeRe §§ 781.1-.6 (1985).

44



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

1985-~CONTINUED

AGRICULTURAL LANDHOLDINGS BY U.S.

REGION,

2

16

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

(NUMBER)
sour west NORTHEAST NORTH CENTRAL
COUNTRY i
Parcels | |ACRES | PARCELS | ACRES | PARCELS | ACRES | PARCELS | ACRES

UNITED KINGDOM 132 | da,ea2 70 136,402 52 153,710 64 74,155)
URUGUAY 2 3,095 2 320 1 127 4 8.917
U.S.S.R. ° ° 1 80 3 755 ° °
VENEZUELA 109 | 17,777 1 537 33 7,326 2 1,445
VIETNAM 1 152 ° ° ° ° ° °
YUGOSLAVIA 1 863 1 1 ° ° 1 160
MULTIPLE 36 || 14,180 24 16,048 2 186 3 426
THIRD TIER 429 |130,237 7 ~~ 56,101 1 179 2 627

SUBTOTAL 4/ 3.794. 1/898,719 2,480 1,692,722 1,417 1,387,588 1,028 441,601
US/ANDORRA ° ° 1 3.744 ° ° ° °
US/ARGENTINA 2 580 ° ° ° ° 2 3,560
US/AUSTRALIA 2 479 1 37 2 125 3 642
US/AUSTRIA 4 1,245 3 13,710 1 12 ° °
US/BAHAMAS 14 | 26,387 10 4,703 4 3,390 4 3.274
US/BELGIUM 27 | 24,006 4 35,397 2 "26 8 4.374
US/BERMUDA 4a | 28,915 6 7,998 10 Vat7 2 410
US/BRAZIL 3 1717 ° ° ° oe 13 2,352
US/BRITISH VIRGIN

TSLANOS 3 1,770 3 528 1 290 7 9.641
US/CANADA 429 [304,157 315 145,236 80, 121,252 65 174,849
US/CAYMAN ISLANDS 26 | 23,816 1 1.344 1 2 4 688
US/CHINA ° ° 1 322 ° Oo. °
US/COLOMBIA 4 2,181 ° ° 1 ° °
US/DENMARK 3 gs8 3 B46 ° ° °
Us/ECUADOR 2 1,549 ° ° ° ° °
US/EGYPT 2 849 2 120 ° ° °
US/EL SALVADOR 1 12 ° ° ° ° °
US/FINLAND 4 3.047 0 ° ° i ° °
US/FRANCE 194 |156,096 31 7.974 24 137,554 12. 45,100
US/GERMANY (WEST) 277 225,334 38 212,221 47. 13,564 56 30,873
US/GREECE _ 1 1,568 2 4,957 ° 2 244
US/GUATEMALA 3 412 ° ° ° ° °
_US/GUY ANA 2 334 ° ° ° ° °
US/HONG KONG 4 5.448 4 4,014 ° ° °
US/TRAN- 5 1,280 5 1148 1 ° °
US/IRAQ ° ° 2 960 ° ° °
US/IRELAND 4 512 ° ° ° ° °
US/ITALY 6 4.571 2 1,428 4 2 391
US/JAPAN 27 | 10,380 29 13.416 s 15 2,722
US/KOREA (SOUTH) ° ° 4 75 ° ° °
US/KUWAIT 7 718 3 766 1 ° °
US/LEBANON 4 550 ° ° 2 ° °
US/LIBERIA 9 5.618 3. 17,973 7 ° °
\US/LIBYAN ARAB REPUBLIC ° ° 3 280 ° ° o
US/LIECHTENSTEIN 30 | 26,865 44 27,973 9 7 7,008
US/LUXEMBOURG 4 11,007 14 105,408 1 5 1,070
US/MALAYSIA ° ° 1 300 ° ° °
us/MEXICO 14. | 17,690 12 72,217 ° : ° °
US/NETHERLANDS 137 | 60,231 182 238,199 19 6,078 237 26,913
.US/NETHERLANDS ANTILLES 130 |187,604 460 -38,179 8 1,390 29 15.636
US/NEW HEBRIDES 1 2,108 1 883 ° ° °
US/NICARAGUA 2 282 ° ° ° ° °
US/NORWAY 3 180 ° ° 2 ° °
US/PANAMA 4g | 23,781 12,023,625 12 4,868 15 4.816
US/PHILIPPINES 2 1,193 1 34 ° ° °
US/PORTUGAL 2 1,683 ° ° ° - ° °
US/SAUDI ARABIA 32 | 14,663 ° ° ° 5 3 539
US/SOUTH AFRICA 2 3,309 1 1,452 ° ° °
US/SPAIN 3 3,539 ) 2,021 1 ° °
US/SWEDEN 1" 3.128 ° ° 1 5 912
US/SWITZERLAND 172, | 150,593 80 = 52,757 29 57,098 52. 20,661
US/TAIWAN 1 54 at 4.571 ° ° ° °
US/THATLAND ° ° 3 252 ° ° ° °
US/TRINIDAD’ & TOBAGO 3 30 ° ° ° ° ° °
US/TURKEY 2 443 ° ° ° ° ° °
.US/UNITED KINGDOM 216 |622,905 108 1,462, 126 68 1,018,623 161, | 94,978
US/URUGUAY 1 578 ° ° ° ° 2 621
US/VENEZUELA 46. | 36,093 2 10,780 6 948 ° °
US/MULTIPLE 23 | 10,047 "6 6.994 4 17,706 17 142,583
US/THIRD TIER 113 |290,836 7 1,551 ° ° 4 1,169

SUBTOTAL 2/ 2,129 2|302,781 1,043 2,525,474 350 1,399,382 732: 566.026
TOTAL ALL -

LANDHOLDINGS, 5.923 41141,500 3,523 4,158, 196 1,767 2,786,870 1,760, 1,007,627

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


TABLE 27--U,

ACQUISITIONS OF FOREIGN OWNERS. BY STATE,

'S. FOREST AND OTHER NONAGRICULTURAL LAND

JANUARY 1 - DECEMBER 31, 1985
|
STATE PARCELS ACRES VALUE
AND U.S. REPORTED (NUMBER ) (4,000
TERRITORY (NUMBER ) DOLLARS) 1/

ALABAMA 3 254 “ 218
GEORGIA 18 7,875 Fs 6, B80
IDAHO 2 3,724 3,731
LOUISIANA 10 286,220 , 12,279
MAINE 2 60,482 1,246
MISSISSIPPI 18 179,759 2,153
NEW HAMPSHIRE 2 864 292
NEW YORK 5 5,948 147
NORTH CAROLINA 1 83 15
OREGON 22 535,805 2,055
PENNSYLVANIA 1 20 25
SOUTH CAROLINA 4 646 559
TENNESSEE 2 339 224
TEXAS 1 251 1,450
VERMONT 5 2,856 886
VIRGINIA 1 204 143
WASHINGTON 12 320,365 784
WEST VIRGINIA 6 57,682 _ 27,528

TOTAL 115 1,463,377 60,585

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

Foreign persons from the United

or forest and other nonagriculti

cent of such acquisitions, 1,32

Corporations account for.the la;
forest land or forest and othe:

bal
reported acquiring 77 percent of

(table 29). Twenty percent of
ing 4 percent of the parcels co

Owners of parcels with less tha
acquiring 27 percent of the par,
forest and other nofagricultura’
the owners, owning parcels with!
cent of the parcels covering 99

Intended Use

The reports for acquisitions in
the acres (table 31). Intended!

Kingdom purchased most of the U.S. forest land
ral lands (table 28). They account for 91 per-
9,482 acres.

rgest number of owners reporting acquisitions of
nonagricultural land--60 percent of the owners
the parcels covering 96 percent of. the acres
ithe owners were individuals who reported acquir-
wering only 0.03 percent of the acres.

m 1,000 acres, 64 percent of all owners, reported
cels covering only 0.3 percent of the forest or
1 lands (table 30). The, remaining’ 36 percent of
1,000 or more acres, reported acquiring 73 per-
-7 percent of these lands. oe

dicated no change in-land use for 99 percent of
changes to other agricultural use and nonagricul-

tural use were reported for holders of the remaining 1 percent of the acquired

acres. Because the form asks fh
acres may not be affected by thi

Tenure
Foreign owners directly operate

period and 18 percent of the, ac!
parcels and 1 percent of the ac

x changes by parcels and not acres, all of these
‘e indicated changes.

29 percent of the parcels acquired during the
es, whereas tenants operate 21 percent of the
res (table 32). Managers, however, operate only

34



LIST OF TABLES

Table

1.

2.

10.

11.

12.

13.

14.

15.

16.

17.

U.S. agricultural landholdings of foreign owners by State,
December 31, 1985 2. 2. eo ee ee ew ee we wee we we we ee we eee ewe

U.S. agricultural landholdings by type of foreign owner, December 31,

1985 2 2 ee we ewe ewe wee eee ewer ee eee wee we we

Foreign owners of U.S. agricultural landholdings by State, December 31,

1985 2 6 0 we ww ww www ww ww ww ww ww ww ee tow ww ww

Foreign-owned U.S. agricultural landholdings by size of holding,
December 31, 1985 2. 2 2 ee ee ee eee eee eee eee eros

Value of U.S. agricultural landholdings by type of foreign owner, -
December 31, 1985 2. 2 eo ee eee ee ee eee ee ee eee eevee

Value of foreign-owned U.S. agricultural landholdings by date of
acquisition, December 31, 1985 . «© 2 se ee ee ee eee we ee www

Value of foreign-owned U.S. agricultural landholdings by State,
December 31, 1985 «2 ee ee eee eee ee eee eee eee soe

U.S. agricultural landholdings by country of foreign owner, December.31,
oy

1985 2 2 ee ee we wwe wee wee we ee eo ee ee eee eee es

Foreign ownership of U.S. agricultural landholdings by U.S. region,
December 31, 1985 2. 2. 2 oe we we we we we we we ww ww we we we we we we ee ww

Foreign-owned U.S. agricultural landholdings by type of interest,
method of acquisition, and owner-representative, December 31, 1985. .

Use of U.S. agricultural landholdings by country of foreign owner,
December 31, 1985 2. 2 we we ee ee eee eee eee eee eevee eo

U.S. forest and other nonagricultural landholdings of foreign owners
by State, December 31, 1985 . 2 2. ee ee eee eee eee eee ee

U.S. forest and other nonagricultural landholdings by country of
foreign owner, December 31, 1985 . «2 ee ee ee ee ee we ee ewe

U.S. forest and other nonagricultural landholdings by type of foreign
owner, December 31, 1985 2. 2. es eee ee ee eee eee eevee

Foreign-owned U.S. forest and other nonagricultural landholdings by
size of holding, December 31, 1985 . 2 2 ee ee eee eee eevee

Intended use of U.S. agricultural landholdings of foreign owners,
December 31, 1985 2. 2. 2 ee ee ee ee we ww we ww we ww te we ew oe

Tenure of foreign-owned U.S. agricultural landholdings, December 31,

1985 2 eee ww ww www ww ww ww wee eee ee eer er een

9

-10

10

11

12

13

15

18

19

22

23

24

24°

24

25


TABLE 18--U.S. AGRICULTURAL LAND ACQUISITIONS OF FOREIGN OWNERS BY STATE,
UANUARY 1 - DECEMBER 31, 1985

STATE ACRES VALUE STATE ACRES VALUE

AND U.S. (NUMBER) (4,000 AND U.S. (NUMBER ) (4,000

TERRITORY DOLLARS) 4/ TERRITORY DOLLARS) 1/
ALABAMA 2,179 1,240 |NEBRASKA 10 112
ARIZONA 632 17,672 |NEW HAMPSHIRE 864 292
ARKANSAS 640 980 |NEW MEXICO 50,000 2,303
CALIFORNIA 5,673 49,444 |NEW YORK 8,089 1,869
coLoRADO 305 1,936 [NORTH CAROLINA 1,971 6.720
CONNECTICUT 62 424 |OHIO 1,322 1,369
FLORIDA 96,267 30,587 | OKLAHOMA 298 179
GEORGIA 11,265 13,957 |OREGON 536,507 18,095
HAWAIT 20 200 | PENNSYLVANIA 206 ’ 280
IDAHO 3,724 3.731 |SOUTH CAROLINA 4,906 2,408
ILLINOIS 1,675 3,287 |SOUTH DAKOTA 160 48
INOTANA 514 819 | TENNESSEE 74 1,280
TOWA 225 717 «| TEXAS 15,979 44,708
KANSAS 338 130 | VERMONT 3.301 4.135
KENTUCKY 4,336 12,094 | VIRGINIA 5.426. 9.496
LOUISIANA 287,032 13,191. |WASHINGTON 320,490 1,984
MAINE 60,597 1,254 | |WEST VIRGINIA 57,682 27,528
MARYLAND 820 1,700 |WISCONSIN 3 177
MINNESOTA 576 171
MISSISSIPPI 180,844 3,272 TOTAL 1,673,910 275,764
MISSOURT 915 760
MONTANA. 7,286 1,208

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

TABLE U.S. AGRICULTURAL LAND ACQUISITIONS BY TYPE OF FOREIGN OWNER,
INUARY 1 - DECEMBER 31, 1985
(NUMBER )
PARCELS WITH
OWNER OWNERS PARCELS ACRES PARTIAL ACREAGE
REPORTING| REPORTED INTERESTS | - EQUIVALENT: 2/
REPORTED 1/
INDIVIDUAL 56 62 13,290 6 13,077
CORPORATION 98 198 1,583,903 7 1,542,745
PARTNERSHIP 29 58 72,597 3 72,538
TRUST 5 5 4,120 ° 4,120
TOTAL 188 323 1,673,910 16 1,632,480

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:

Removing the one corporate owner with 58 parcels covering 1,316,796 acres, corpo-
rations acquired an average of 1,908 acres per parcel, or 2,754 acres per owner,
compared with individuals who acquired an average 214 acres per parcel, or 237
acres per holder. Partnerships reported acquisitions averaging 1,252 acres per
parcel, or 2,503 acres per owner.

The largest acreage acquired by individuals during the period was reported for
California (table 20). Except for Louisiana, Mississippi, Oregon, and Washing-
ton, organizations reported acquiring the largest acreage in Florida, Maine, New
Mexico, and West Virginia.

27


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

DECEMBER 31, 1985
(NUMBER)

COUNTRY OWNERS PARCELS ACRES
ARGENTINA 48 55 14,911
AUSTRALIA 13 25 3.917
AUSTRIA 49 68 38,238
BAHAMAS, 30 44 31,425
BELGIUM 98 119 66,684
BELIZE 6 8 1,400
BERMUDA 44 54 16,972
BOLIVIA 2 2 1"
BRAZIL 3 3 3,075
BRITISH VIRGIN ISLANDS 28 43 32,321
CANADA 1,880 2,291 1,545,773
CAYMAN ISLANDS 43 49 14,910
CHILE 3 a 516
CHINA ‘ 6 7 497
COLOMBIA 34 38 16,241
COSTA RICA 8 15 18,664
CUBA 2 2 20
CZECHOSLOVAKIA 4 5 485
DENMARK 18 21 12,8682
DOMINICAN REPUBLIC 1 13 2,147
ECUADOR 25 32 1,038
EGYPT a 8 561
EL SALVADOR 3 3 185
FRANCE 197 160 75,731
GERMANY (WEST) 1,075 1,623 803.421
GREECE 10 13 56.349
GUATEMALA "1 13 “64
GUYANA 1 1 35
HONDURAS 14 4 892
HONG KONG 60 90 20,205
INDIA 15 17 1144
INDONESIA 4 6 824
IRAN 27 30 3,900
IRAQ 1 1 550
IRELAND 12 17 11,090
ISRAEL 5 5 976
ITALY 28 40 82,691
IVORY COAST 1 1 119
UAHAICA 2 2 ait
JAPAN 30 35 113,366.
JORDAN 15 23 2,409
KENYA 1 1 32
KOREA (SOUTH) 4 4 402
KUWAIT 7 8 1,568
LEBANON 36 83 15,887
LIBERIA 22 27 33,037
LIBYAN ARAB REPUBLIC 1 2 302
LIECHTENSTEIN 114 149 159,570
LUXEMBOURG 8 8 5,949
MALAYSIA 2 3 130
MEXICO 221 296 211,825
MoROCCO 2 4 675
NAMIBIA 1 2 146
NETHERLANDS 459 ‘700 137,790
NETHERLANDS ANTILLES 427 556 538,639
NEW ZEALAND 3 3 352
NICARAGUA 2 3 1,348
NIGERIA 1 1 14
NORWAY 26 26 7,424
OMAN 2 5 454
PAKISTAN 8 10 2.314
PANAMA 152 205 181.664
PERU 22 24 535
PHILIPPINES 33 aT 2,720
POLAND 1 1 447
PORTUGAL 3 4 196
ST VINCENT 2 4 2.637
SAUDI ARABIA 32 44 17,879
SINGAPORE 7 7 1,904
SOUTH AFRICA 3 4 246
SPAIN 16 17 2.542
SWEDEN 18 25 8.651
SWITZERLAND 927 433 261,128
SYRIA T 10 4,847
TAIWAN 22 27 3.630
TANZANIA 3 3 20,480
THAILAND 1 1 127
TRINIDAD&TOBAGO 3 3 1.055
TURKEY 2 2 558
TURKS ISLANDS 7 8 1,467
UNITED ARAB EMIRATES 4 6 2.677

CONTINUED -~

13


TABLE 11--USE OF U.S. AGRICULTURAL LANDHOLDINGS BY COUNTRY OF FOREIGN OWNER,
DECEMBER 31, 1985

(ACRES)
COUNTRY CROPLAND | PASTURE FOREST OTHER [OTHER NON- | NO USAGE | TOTAL
AGRICULTURE | AGRICULTURE| REPORTED

ARGENTINA . 8,458 140 437 450 °
+ AUSTRALIA 816 714 832 747 50
AUSTRIA 2,520 15,317 534 625 °
BAHAMAS 8938 7.328 2,393 2,264 °
BELGIUM 54,082 3,097 1,666 11588 °
BELIZE 285 232 55 52 °
BERMUDA 1,380 5,870 1,007 2,058 °
BOLIVIA ° ° 1 ° °
BRAZIL 322 35 50 732 °
BRITISH VIRGIN ISLANDS 4,359 20,295 2,524 345 °
CANADA 176,843. 1,054,541 40,217 92,145 455
CAYHAN ISLANDS 1,549 2,792 1,053 1,221 °
CHILE ° ° 250 ° °
CHINA 70 27 168 50 °
coLomara . 9,816 37 5,128 122 °
COSTA RICA 6,589 4,000 ° 2,397 5,678 °

5 ° 3 12 ° °
CZECHOSLOVAKIA 257 153 30 30 15 °
DENMARK 5,352 373 1,902 34 5,221 °
DOMINICAN REPUBLIC 2,008 ° ° 1 138 °
ECUADOR 207 92 ° 674 65 °
EGYPT ait : 65 85 100. ° ° °
EL SALVADOR 57 ° 79 ° 49 °
FRANCE 28,916 9,174 7,400 6,848 °
GERMANY (WEST) 314,641 236,644 28,673... 35,426 °
GREECE 922 174 10 192 °
GUATEMALA 178 175 3s 275 °
GUYANA ° ° a5 ° °
HONDURAS 815 ° 60 ° °
HONG KONG 2,859 5,565 5,624 922 °
INDIA 447 18 SOB 28 °
INDONESIA 150 26 283 53 °
TRAN 1,133 612 128 1,433 °
IRAQ 450 ° ° °
IRELAND - 1,487 20 24 2,480 °
ISRAEL 350 144 114 16 °
ITALY 28,053 7,262 8,509 13,489 °
IVORY COAST ° 80 39 ° °
UAHAICA ° ° 17 3 °
UAPAN 2,524 206 893 922 °
JORDAN 445 319 42 912 °
KENYA 32 ° ° ° °
KOREA (SOUTH) ° 353 49 ° °
KUWAIT 707 125 67 an °
LEBANON 5,954 1,587 1,493 1,585 Oo 15,887
CIBERIA 4) 298 ° 5.179 ° 33,037
LIBYAN ARAB REPUBLIC ° ° ° 287 ° 302
LIECHTENSTEIN 94,829 13,074 14,911 6.054 0° °159,570
LUXEMBOURG 1,935 2.459 632 241 o 5,949
MALAYSIA 40 ° 30 ° ° 130
MEXICO 18,421 2,565 28,826 10,374 O° 241,825
Morocco a 130 482 40, ° 675,
NAMIBIA 142 ° ° 4 } 146
NETHERLANDS apr: 50,764 12,769 17,191 11,702 O-» 137,790
NETHERLANDS ANTILLES 225,624 63,064 62,333 30,897 Oo 538,639
“NEW ZEALAND « 160 ar) 97 ° 352
NICARAGUA ° 248 60. 100 ° 1,348
NIGERIA ° ° ° 14 ° 14
NORWAY P 5,608 80 251 515 ° 7,424
OMAN . 120 126 43 39 ° 454
PAKISTAN ! 2,138 100 ° 33 ° 2.314
PANAMA 47.597 15,832 8,293 24,079 O |. 181.664
PERU 231 2 4100 59 O° 535
PHILIPPINES 895 228 213 792 ° 2.720
POLAND 72 50 ° ° ° 147
PORTUGAL 497 200 ° 14 ° 196
ST VINCENT 295 1,042 10 60 ° 2.637
SAUDI ARABIA 8.375 11496 6,100 2,205 ° 17,879
SINGAPORE ° ° 34 522 ° 1,904
SOUTH AFRICA 62 ° 164 20 ° 246
SPAIN 1,017 113 182 191 ° 2,542
+ SWEDEN - 21286 209 565 224 ° 8.651
SWITZERLAND 67,888 43,659 34,501 31,340 O 261,128
SYRIA 133 370 717 O .)4yaa7
TAIWAN 1260 273 588 ° 31630
TANZANIA 1,034 170 4,938 ° 20,480
THAILAND ° ° ° 127
TRINIDAD & TOBAGO “988 ° ° 37 ° 1,055
TURKEY 159 ° 116 ° ° 558
TURKS TSLANDS 1,100 19 169 15 ° 1,467
UNITED, ARAB EMIRATES 287 100 1,858 Oo ° 2.677

19


TABLE 9--FOREIGN OWNERSHIP OF U.S. AGRICULTU!

RAL LANDHOLDINGS BY U.S. REGION,
8S

15

DECEMBER 31, 191
(NUMBER)
SOUTH WEST NORTHEAST NORTH CENTRAL
COUNTRY

PARCELS | ACRES | PARCELS | ACRES | PARCELS | ACRES | PARCELS | ACRES
ARGENTINA 43 8 8,107 4 2,076 ° °
AUSTRALIA 16 4 1,398 2 25 3 132
AUSTRIA 46 7 14,072 3 106 12 3,336
BAHAMAS 32 7 16,500 3 469 2 9.340
BELGIUM 34 560 51,817 21 1,142 8 1,324
BELIZE 4 1 25 ° ° 3 1,216
BERMUDA 9 4 866 10 2.664 34 2,709
BOLIVIA 2 ° a) ° ° ° °
BRAZIL 2 4 2.155 ° ° ° °
BRITISH VIRGIN ISLANDS 30 4 4,243 6 7,998 3 12,919
CANADA 379 836 309,882 873 1,071,252 203 61,930
CAYMAN ISLANDS 32 6 872 1 74 10 5.691
CHILE 2 ° ° ° ° 1 240
CHINA 4 2 263 ° ° 1 92
COLOMBIA 37 ° ° ° ° 1 100
COSTA RICA 14 1 10,840 ° ° ° °
CUBA 2 ° ° ° ° ° °
CZECHOSLOVAKIA 2 ° ° ° ° 3 455
- DENMARK 3 9 10,327 5 455 4 4,802
DOMINICAN REPUBLIC 4 ° ° ° ° 9 2,079
ECUADOR 32 ° ° ° ° ° °
EGYPT 6 1 97 ° ° 2 50
EL SALVADOR 3 ° ° ° ° ° °
FRANCE ot 35 32,996 2300 «13,260. 14 4,775
GERMANY (WEST) 732 382 240,215 142, 39,655 367 133,278
GREECE 7 1 1,217 2 116 3 233
GUATEMALA 8 338 ° ° 4 526 ° °
GUYANA 1 35 ° ° ° ° ° °
HONDURAS 14 892 ° ° ° ° ° °
HONG KONG 46 8,422 33 8.651 8 2,465 3 667
INDIA cy 562 7 556 1 23 ° °
INDONESIA 5 772 1 52 ° ° ° °
TRAN 6 500 10 977 6 1,144 8 1,279
IRAQ 1 550 ° ° ° ° ° °
IRELAND 12 7,056 4 3,600 ° ° 4 434
ISRAEL 1 349 1 61 1 159 2 407
ITALY 21 79,021 10 2,308 4 756 5 608
IVORY COAST ° ° ° ° 1 119 ° °
UAMAICA 2 ant ° ° ° ° ° °
JAPAN 3 175 30. 113,091 ° ° 2 100
YORDAN 10 TNT 8 1,402 2 229 3 61
KENYA 1 32 ° ° ° ° ° °
KOREA (SOUTH) 2 368 2 34 ° ° ° °
KUWAIT 2 432 2 224 1 217 3 695
LEBANON 26 8,200 10 2,593 5 708 12 4,386
LIBERIA 8 1,520 > 420 25.798 6 5.605 1 114
LIBYAN ARAB REPUBLIC 1 15 ° ° 1 287 ° °
LIECHTENSTEIN 66 97,784 SO 54,634 15 2,298 18 4,854
LUXEMBOURG 6 5.444 2 505 ° ° ° °
MALAYSIA 5 130 ° ° ° ° ° °
MEXrIco 269 168,931 17 40,611 6 1,162 4 1,124
Morocco ° ° ° ° 3 515 1 160
NAMIBIA 2 146 ° ° ° ° °
NETHERLANDS, 144 58,271 467 58,676 36 10,233 56 13,610
NETHERLANDS ANTILLES 309 240,841 151 244,522 47 10,368 49 42.908
NEW ZEALAND ° ° 3 352 ° ° ° ar)
NICARAGUA 3 1,948 ° ° ° ° ° °
NIGERIA 1 14 ° ° ° ° ° °
NORWAY 3 644 2 340 ° ° 24 6,137
OMAN 4 192 1 262 ° ° ° °
PAKISTAN 1 143 9 2.171 ° ° ° °
PANAMA 147 39 83,444 12 4,298 7 6.688
PERU 20 1 Bt 1 15 2 234
PHILIPPINES, 13 34 1,542 ° ° 3a 156
POLAND ° ° ° 1 147 ° °
PORTUGAL ° 3 ant 1 385 ° °
ST VINCENT 3 ° ° 1 1,319 ° °
SAUDI ARABIA 33 7 9,716 ° a) 4 505
SINGAPORE 1 5 1,384 1 480 ° °
SOUTH AFRICA 1 2 20 1 209 ° °
SPAIN 7 7 849 ° ° 3 585
SWEDEN 10 4 5,607 1 4 10 2,047
SWITZERLAND 262 60 = 52,382 62 42,008 49 | 24.416
SYRIA 7 1 194 2 334 ° °
TAIWAN 13 12 1,548 ° ° 2 736
TANZANIA 3 ° ° ° ° ° °
‘THAILAND 1 127 ° ° ° ° ° °
TRINIDAD & TOBAGO 2 67 1 988 ° ° ° °
TURKEY ° ° 1 38 ° ° 1 520
TURKS ISLANDS ° ° 6 TAT ° ° 2 750
UNITED ARAB EMIRATES 6 2,677 ° ° ° ° ° °

CONTINUED



TABLE 20--FOREIGN OWNERS OF U.S. AGRICULTURAL LAND ACQUISITIONS BY STATE,
JANUARY 1 - DECEMBER 31, 1985
(NUMBER)
INDIVIDUAL ORGANIZATION
STATE
AND U.S. i
TERRITORY PARCELS 4 ACRES PARCELS ACRES
REFORTED REPORTED

ALABAMA 2 230 7 1,949
ARIZONA 2 57 4 575
ARKANSAS ° ° 1 640
CALIFORNIA 2 3,104 13 2,569
COLORADO 1 60 2 245
CONNECTICUT ° ° 2 62
FLORIDA é 1,606 16 94,661
GEORGIA 5 897 25 10,368
HAWAIT 1 20 ° °
IDAHO ° ° 2 3,724
ILLINOIS 3 619 7 1,056
INDIANA ° ° 4 514
IOWA ° ° 1 225
KANSAS 1 338 ° °
KENTUCKY 2 201 7 4,135
LOUISIANA ° ° W 287,032
MAINE 1 115 2 60,482
MARYLAND 1 294 1 526
MINNESOTA ° ° 2 576
MISSISSIPPI ° ° 22 180,844
MISSOURI 1 257 3 658
MONTANA ° ° 4 7,286
NEBRASKA ° ° 1 10
NEW HAMPSHIRE ° ° 2 864
NEW MEXICO ° ° 1 50,000
NEW YORK 7 1,012 8 7.077
NORTH CAROLINA 1 1,096 5 875
OHIO 2 1,119 1 203
OKLAHOMA ° ° 1 298
OREGON. 1 402 25 536,105
PENNSYLVANIA 2 113 1 93
SOUTH CAROLINA ° ° 10 4,906
SOUTH DAKOTA 1 160 ° °
TENNESSEE ° ° 6 7
TEXAS 4 1,059 34 44,920
VERMONT 9 407 3 2,894
VIRGINIA 6 121 8 5,305
WASHINGTON ° ° 13 320,490
WEST VIRGINIA ° ° 6 57,682
WISCONSIN 1 3 ° °

TOTAL 62 13,290 261 1,660,620

Size of Acquisition.. The largest number of owners reported their acquisitions in
the range of 100 to 999 acres|(table 21). However, owners of parcels with 1,000
acres or more (13 percent of the owners) acquired approximately 98 percent of the
acres and owners of parcels with less than 1,000 acres (87 percent of the owners)
acquired the remaining 2 percent of the acres. Parcels of 1,000 or more acres
accounted for 42. percent of the value. The value per acre, however, is concen-
trated in the reports of holders of less than 20 acres—-$68,858 per acre, com-
pared with $71 per acre for holdings of 1,000 or more acres.

Purchase Price and Value of Acquisitions. Corporations account for 66. percent

of the purchase price and nonpurchase price (estimated value) at time of acquisi-
tion (table 22). The average |per acre purchase price and nonpurchase price (es—
timated value) is lowest for corporations at $100; followed by partnerships,
$1,049; individuals, $1,344; dnd trusts, $5,762.

28



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

BY SIZE OF HOLOING, DECEMBER 31, 1985
{
SIZE OWNERS PARCELS ACRES
(ACRES) (NUMBER ) (NUMBER) (NUMBER )
LESS THAN 20 1,162 1,244 11,320
20-59 1,545 1,759 53,948
60-99 776 1,023 , 60,251
100-299 1,663 2,189 292,183
300-999 1,569 2,448 877,806
1000 OR MORE 1,131 4,343 10,798,785
TOTAL 7,846 12,973 12,094,293
TABLE 5--VALUE OF U.S. AGRICULTURAL LANDHOLDINGS
BY TYPE) OF FOREIGN OWNER, DECEMBER 31, 1985
ACRES ACRES
WITH PURCHASE WITH NON-
OWNERS, PURCHASE PRICE 4/ NON- PURCHASE
OWNER (NUMBER) PRICE (4,000 PURCHASE PRICE 1/
REPORTED DOLLARS) PRICE (4,000
(NUMBER ) REPORTED | DOLLARS)
(NUMBER )
INDIVIDUAL 3,540 809,953 966,375 143,964 37,494
CORPORATION 2,990 8,828,572 5,789,662 689,622 439,957
PARTNERSHIP 1,037 1,235,056 1,593,913 202,196 145, 102
ESTATE 13 2,083 3,363 700 so
TRUST 48 152,769 218,958 13,857 5,149
INSTITUTION 3 1,075 1,367 ° °
ASSOCIATION 1 5,780 10,400 ° °
OTHER 14° 7,708 6,274 958 690
TOTAL 7,846 11,042,996 8,590,312 1,051,297 628,451
|
4/ PURCHASE PRICE] AND NONPURCHASE PRICE AT TIME OF ACQUISITION.

Country of Origin. Of the 1

reported by foreign persons,
interests. The remaining 44)
with a U.S. corporation (tab

2,094,293 acres of foreign-held agricultural land

56 percent is held by U.S. corporations with foreign
percent is held by foreign persons not connected

le 8).

U.S. corporations with United Kingdom (U.K.) interests own the largest amount of

reported foreign-held acres
percent. Adding to this 413
Kingdom not connected with a

cent of all of the reported foreign-held acres.

of U.S. agricultural land, 3,198,632 acres, or 26
099 acres owned by foreign persons from the United
U.S. corporation raises U.K. ownership to 30 per-
Foreign persons from Canada and

West Germany own 2,291,267 and 1,285,413 acres, respectively, an additional 30

percent. Foreign persons fr

781,448 acres (6 percent) and

five countries of origin own
reported foreign-owned holdi
cent of the acreage, 480,700)
sons; that is, the acreage i
because no foreign country o:
ship.

the Netherlands Antilles and Switzerland, own
542,237 acres (4 percent), respectively. These
a total of 8,512,096 acres, or 70 percent of all
gs of U.S. agricultural land. Approximately 4 per-

acres, is owned by unidentifiable Third.Tier per-

not attributable to any foreign country of origin
origin is listed through the third tier of owner-

10



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, D.C., within 10 days of receipt
by the Secretary. Section 6 of the act requires that every 6 months the Secre-
tary transmit to each State |completed report forms for foreign-owned agricultural
land in that State.

Definitions
For this report, the term” holdings” applies to all U.S. agricultural land owned
by foreign. persons as of December 31, 1985. For those transactions which oc—
curred in 1985, the terms “dequi sitions” and: "dispositions"'refer to U.S. agri-
cultural-lands acquired or disposed of, respectively, by foreign persons. These
terms are used as the titles for the subsequent sections analyzing the data
reported under the act.

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

AFIDA requires reporting " "any interest" in the land other than a security inter-
est (a mortgage or other debt-securing instrument)... The regulations. exempt
leaseholds of less than 10 years' duration, contingent future interests, those
noncontingent future interests 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 individual who 1) is not
a U.S. citizen or national,|2) is not a citizen of the Northern Mariana Islands
or the Trust Territories of |the Pacific Islands, or 3) is not lawfully admitted
into the United States for permanent residence. Any person who holds an Immi-
gration and Naturalization Service Form I-151,:1-155, or I-551 (green card). is
considered lawfully admitted for permanent residence and is exempt from the re-
quirements of the act. Foreign governments, entities which are created under
the laws of or have their principal place of business in a foreign country, and
U.S. entities in which.there is a significant foreign interest or: substantial
control are also defined as|foreign persons under, the act.



TABLE 17--TENURE OF FOREIGN-OWNED
U.S. AGRICULTURAL LANDHOLDINGS
DECEMBER 31, 1985

(NUMBER )
TENURE PARCELS ACRES
CURRENT: .
FOREIGN OWNER 3,711 5,457,940
MANAGER 1,218 812,271
TENANT 5,054 3,249,177
NO REPORT 2,980 2,595, 197
TOTAL 12,973 12,094,293
RENTAL:
crop 1,834 745,997
CASH 3,541 2,638,549
BOTH 90 98,997
NO REPORT 3,797 3,152,810
NOT APPLICABLE 3,714 5,457,940
TOTAL 12,973 12,094,293
INTENDED CHANGE:
NONE 5,597 5,594,281
NEW 4,086 3,371,104
BOTH 44 58,567
NO REPORT 3,246 3,070,344
TOTAL 12,973 12,094,293

27 percent of the acres while foreign owners directly operate 45 percent and
managers 7 percent. No responses on tenure were received for the remaining 21
percent of the acres. Foreign owners directly operate the largest number of the
acres of U.S. agricultural land in all regions of the country.

Rental agreements were reported for 5,465 parcels, or 42 percent, covering 29
percent of the acres. Of the rental agreements, cash agreements accounted for
65 percent and cropshare agreements for 34 percent of the parcels.

Tenure Change

No tenure changes were reported for 43 percent of the parcels, or 46 percent

of the acres (table 17). Reports for 31 percent of the parcels containing 28
percent of the acres indicate a new tenure arrangement on at least part of the
land. The number of acres affected by the new tenure arrangements are not re~-
ported. Thus, the acreage may be overstated; that is, all of the acres in these
parcels are not necessarily affected by new tenure arrangements. Nevertheless,
reports for 0.3 percent of the parcels, accounting for 0.5 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 25 percent of
the parcels containing 25 percent of the acres. .

In the South, no changes in tenure were reported for virtually the same number
of parcels and acres as were reported for parcels and acres with changes--41
percent of the parcels covering 38 percent of the acres were reported as having
no changes and similar percentages were reported for new tenure arrangements.
In the West, North Central, and Northeast, however, there were more reports for
parcels and acres with no changes in tenure than there were reports for new
tenure arrangements. The Northeast had the highest percentage of no responses,
41 percent of the parcels covering 29 percent of the acres. —

25


TABLE 12-2U.S. FOREST AND OTHER NONAGRICULTURAL
LANDHOLDINGS OF FOREIGN OWNERS BY STATE,

DECEMBER 31, 1985
(NUMBER)
STATE STATE
AND_U.S. PARCELS ACRES AND U.S. PARCELS ACRES
TERRITORY TERRITORY

ALABAMA 321 240,531 MISSOURI 8 2°799
ARIZONA 2 95 MONTANA 10 1,484
ARKANSAS 13 3,896 NEW HAMPSHIRE 24 108,327
CALIFORNIA — 12 - 232,854 NEW JERSEY 3 267
COLORADO 5 5,438 NEW YORK 90 358,905
CONNECTICUT 1 25 NORTH’ CAROLINA 126 63,435
FLORIDA 42 37,729 + OHIO 14 966
GEORGIA 346 2333 ,328 OKLAHOMA 1 12
HAWAIT 1 84 OREGON 56 815,005
IDAHO 7 8,585 PENNSYLVANIA 21 120,030
ILLINOIS 3 1,079 SOUTH CAROLINA 361 417,581
KANSAS 6 9,597 TENNESSEE 27 35.195
KENTUCKY 5 2,594 TEXAS 17 10,408
LOUISIANA 19 289,732 VERMONT 144 57,853
MAINE 71.|_ .1,870,794 VIRGINIA 33 15,418,
MARYLAND 1 50 WASHINGTON 100 331,435
MASSACHUSETTS 3 1,213 WEST VIRGINIA 34 81,660
MICHIGAN . 24 180,243 WISCONSIN 8 11508
MINNESOTA 49 202,385

MISSISSIPPI 43 190,932 TOTAL 2,048 5,733,466

the parcels’ and 2’percent of the acres (table 14).

Corporations: reported holding

53 percent of the parcels, representing 91 percent of the acreage. |The remaining

28 percent of the parcels and
trusts, estates, and others.
acreage equivalent is’ 474,084
filed.

8 percent of the acres are held by partnerships,
When partial interests are taken’ into account, the
acres less than the acres for which reports were

Owners of parcels with less than 300 acres, 62 percent of all the owners, own 23
percent of the parcels covering: only 0.6 percent of the forest land or forest and

other nonagricultural land (t.

able 15).

The remaining 38 percent of-the owners,

owning parcels with 300 or more acres, own 77 percent of the parcels covering

99.4 percent of these lands.

Intended Use

Concern has been expressed about farm land being purchased and taken out of
igners.do not appear to be proceeding in this
However, the following data on intended

agricultural’ production. : For

direction in any substantial degree.

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.

No change in intended use was
Intended use changes to other
2 percent of the acres.

change to nonagricultural use|is intended.
however, that all of these acres will be changed.
is that the holders of these Acres intended to change the use of some of the
However, the report |form does not ask how many acres will be involved.
Reports representing 2 percent of the acres did not indicate intended use.

D
acreage.

22

reported for 92 percent of the acres (table 16).
agricultural usage were reported for holders of
Reports for 4 percent of the acres indicate that’ some
Such reports do not necessarily mean,
What the reports do mean


Table Page

35. Dispositions of U.S. agricultural land by type of foreign owner, ‘
January 1-December 31, 1985 . «2. 2 2 ee ee ee ee oe eevee 38

36. Dispositions of foreign-owned U.S. agricultural land by size of
disposition, January 1-December 31, 1985 2. 2. 2 ee ee ee eens 39

37. Dispositions of U.S. agricultural land by country of foreign: owner,
January 1-December 31, 1985 2. 2 2 ee ee eee ee eee eee eee 39

38. Dispositions of U.S. agricultural land by country of foreign owner,
by U.S. region, January 1-December 31, 1985 «2 eee eee eee ee 40

39, Dispositions of U.S. agricultural land by country of foreign owner,
by use, January 1-December 31, 1985 «2. e ee ee eee eee eee Al

40. Acquisitions and dispositions of foreign-owned U.S. agricultural
land, by date, January 1981-December 1985 2. 2. 2 ee ee eee ecee 42

vii


Table

18.

19.

20.

21.

22.

23.

24.

25.

26.

27.

28.

29.

30.

31.

32.

33.

34,

U.S. agricultural land acquisitions of foreign owners by State,

January. 1-December. 31,

1985 .

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

January 1-December 31,

1985 2. ww

Foreign owners of U.S. agricultural land acquisitions by State,

January. 1-December 31,

Foreign-owned U.S. agri

1985... ee

cultural land acquisitions by size of acqui-

sition, January. 1-December 31, 1985 2.0 ee eevee eee een enes

Value of U.S agricultural land acquisitions by type of foreign owner,
January 1-December. 31,1985 «2 2 6 oe eo ew ee ee eo ww ew oe

U.S. agricultural land acquisitions by country of foreign owner,
January 1-December 31, 1985 2 6. ee ee ee eee ee ee ee es

Foreign ownership of U.5. agricultural land acquisitions by U.S.
region, January 1-December 31, 1985 . «. « so ee ee we ee ee vie e

Foreign-owned U.S. agri

cultural land acquisitions by type of interest,

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

December 31, 1985...

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

owner, January 1-Decemb

U.S. forest and other n

er 31,1985 . 2...

owners by State, January 1-December 31, 1985

U.S. forest and other n
foreign owner, January

U.S. forest and other n
foreign owner, January

Foreign acquisitions of/U.S. forest and other nonagricultural land by
size of acquisition, January 1-December 31, 1985 .

Intended use of U.S. agricultural land acquisitions of foreign owners,

onagricultural

1-December 31, 1985 .

onagricultural

1-December 31, 1985

onagricultural land acquisitions of foreign

land acquisitions by country of

land acquisitions by type of

January 1-December 31, 1985 wc ew ee we tw ww ew te te es

Tenure of foreign-owned

U.S. agricultural land acquisitions,

January 1-December 31, 1985 2. 2 2 eo ee ee wee ee ew ee eo eee

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

State, January 1-Decemb:

Dispositions of U.S. agricultural land by foreign owners, by citizen-
vary 1-December 31, 1985 . 2. 2 2 eo ee eee

ship of purchasers, Jan

er 31, 1985 2... wee

vi

27

28

29

29

30

31

32

33

34

35

35

35

36

36

38

38


TABLE 6--VALUE OF FOREIGN-OWNED U.S. AGRICULTURAL LANDHOLDINGS
BY DATE OF ACQUISITION, DECEMBER 31, 1985

ACRES ACRES
WITH PURCHASE WITH NON-
DATE PARCELS ACRES PURCHASE PRICE 4/ NON- PURCHASE
ACQUIRED (NUMBER ) (NUMBER ) PRICE (4,000 PURCHASE PRICE 4/
REPORTED DOLLARS) PRICE (1,000
(NUMBER ) REPORTED DOLLARS)
(NUMBER )
1985 323. 1,673,910 1,548,434 257,240 125,476 18,524
1984 589 1,446,647 1,325, 196 709,255 121,454 102,010
1983 695 432,488 407,358 665,560 25,130 24,499
1982 1,049 171,952 509,791 715,902 262,161 90,643
1981 1,551. 1,011,432 955,431 1,148,657 56,001 163,47
1980 1,527 1,026,428 992,636 1,256,698 33,792 78,959
1979 1,841 1,312,138 1,258,54i 1,525,212 53,597 93,629
1978 1,352 626,273 614,450 909,342 11,823 11,546
1977 929 575,547 564,594 450,988 10,953 6,690
1976 558 483,059 403,512 240,362 79,547 10,711
1975 344 235,001 231,864 131,463 3,137 1,754
1974-70 1,064 596,475 538,230 384,826 58,245 13,591
1969-60 765 1,026,049 926,628 142,265 99,421 8,202
BEFORE 1960 377 855,425 744,862 42,222 110,563 4,222
NO REPORT 9 21,469 21,469 10,320 ° °
TOTAL 12,973 12,094,293 11,042,996 8,590,312 1,051,297 628,454
ACRES REPORTED ADJUSTED
WITH CURRENT CURRENT
CURRENT VALUE 2/ VALUE 3/
VALUE (1,000 (1,000
REPORTED DOLLARS) DOLLARS)
(NUMBER)
1985 ‘ 1,673,910 425,599 425,599
1984 1,446,442 811,576 762,881
1983 431,080 695,665 612,185
1982 770,026 843,243 716,757
1981 998,770 1,319,642 1,068,910
1980 919,501 1,116,360 948,906
1979 1,168,619 1,337,534 1,270,657
1978 534,683 885,979 841,680
1977 426,306 637,190 605,330
1976 418,418 293,744 279,057
1975 162,856 156,773 148,934
1974-70 433,662 501, 143 476,086
1969-60 . - 580,532 246,251 233,938
BEFORE 1960 287, 104 118,210 112,299
NO REPORT 21,309 21,364 20,296
_ TOTAL 10,273,218 9,410,273 8,523,517

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

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

3/ REPORTED CURRENT VALUE ADJUSTED TO APRIL 1, 1985. REPORTED CURRENT VALUE FOR
HOLDINGS ACQUIRED -IN-1985 IS UNADJUSTED.
Foreign persons from Canada, West Germany, the Netherlands, and the United King-
dom own the greatest number of parcels. Foreign-persons from Canada and West
Germany account for the largest number of owners reporting.

Foreign persons from the United Kingdom, West Germany, the Netherlands Antilles,
Canada, and Switzerland own 2,415,570 acres or 58 percent of the foreign-held
acres in the South (table 9). Ten percent of the acreage, 421,073 acres, is
owned by unidentifiable Third Tier foreign persons. An additional 17 percent,

718,583 acres, is owned by foreign persons from Mexico, France, Liechtenstein,
the Netherlands, and Panama.

il


Foreign Ownership of U.S.
Agricultural Land
Through December 31, 1885

J. Peter DeBraal
T. Alexander Majchrowicz *

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

INTRODUCTION

Foreign individuals and entities reported owning 12.1 million acres of U.S.
agricultural land as of December 31, 1985, slightly less than 1 percent of all
privately owned U.S. agricultural land. This 12.1-million acre figure is. ap-
proximately 1.9 million acres less than the 14 million acres reported for 1984.
This decline is primarily due to the change in status from foreign to nonforeign
of one corporation with extensive landholdings and to changes in the reporting
requirements which became effective October 9, 1984. See the discussions under
“Dispositions, Land-Use Changes, and Changes in Status" and “Impacts of the

.~ New Regulations.”

Summary of the Act and Regulations

The Agricultural Foreign Investment Disclosure Act of 1978 (AFIDA), 1/ as imple-
mented by the regulations, 2/ requires all foreign persons holding agricultural
land as of February 1, 1979, to file a report of such holdings with the Secretary
of Agriculture by August 1, 1979. All foreign persons who acquire or dispose of
agricultural land on or after February 2, 1979, are required to report such
transactions within 90 days of the transfer. In addition, any foreign person
who holds land which 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 in-
dividual or a government, nature of the legal entity, including the entity's
country of creation and principal place of business; type of interest; legal
description; acreage; purchase price or any other consideration given; intended
use; where applicable, information about the representative of the foreign
person; how the interest in the land was transferred; the relationship of the

*The authors are general attorney and agricultural economist, respectively,
Natural Resource Economics Division, Economic Research Service. Gertrude Butler
and Karen Mizer provided the data processing assistance.

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

2/ 7 C.F.R. §§ 781.1-.5 (1985). See 7 C.F.R. §§ 2.21(b)(34), .27(b)(15),
-65(a) (34), and .85(a)(15) (1985) for the delegation of authority.


In the West, foreign persons from the United Kingdom own more acres than any
other single group--38 percent. Much of the U.K. figure is attributable to one
U.S./U.K. corporation which owns 30 parcels covering 850,817 acres, and to ano-
ther U.S./U.K. corporation and its subsidiaries which own 23 parcels covering
418,793 acres. Foreign. persons. from Canada, West Germany, the Netherlands, and
the Netherlands Antilles reported owning 1,487,130 acres or 36 percent. An
additional 444,268 acres, or 11 percent, were reported by foreign persons from
Japan, Panama, Switzerland, and Luxembourg.

In the Northeast, foreign persons from Canada and the United Kingdom own
2,364,837 acres, or 85 percent of the foreign-held acreage in the region. Sev—
enty percent of this figure, 1,666,787 acres, is attributable to two companies
with extensive forest holdings--one Canadian corporation with partial interests
in 9 parcels covering 694,078 acres and a U.S./U.K. corporation and. its subsid-
tfaries with 24 parcels covering 972,709 acres.

In the North Central region, foreign persons: from Canada, the United Kingdom,
and West Germany reported owning 570,063 acres, or 57 percent of the foreign-
held acres in the region. Fourteen percent of the acreage is owned by U.S./Mul-
tiple entities, U.S. corporations which have foreign owners from a number of
countries, none of whom has a predominant interest in the corporation.

Interest in Land

Of the 12,973 parcels of foreign-held U.S. agricultural land, 82 percent of the
parcels, accounting for 83 percent of the reported acreage, is held in fee inter-
est whole (that is, the owner holds the estate in its entirety). Partial inter-
ests are held in ‘another 10 percent of the parcels covering another 13 percent

of the acres (table 10). .
Under the AFIDA regulations, leases of 10 years or longer are the only leases
that need be reported. 3/ Leases. are treated separately because they. represent -
a totally different type of interest. Questions on value, tenure, and method of
acquiring land do not apply because the report form was not devised to deal with
leases. Thé U.S. Department of Agriculture (USDA) has received 415 reports
covering a net total of 1,040,752 acres of leased land. Timber land accounts for
720,068 acres, or 69 percent of the reported foreign leaseholds.

Method of Acquisition

More foreign investors reported paying cash for their U.S. agricultural land-
holdings than using any other method of acquisition. Of the total foreign-owned
parcels, 44 percent, covering 34 percent of the acreage, were acquired for "Cash
Only" (table 10). This compares with 36 percent of the parcels, containing

20. percent of the acreage, which were acquired by “Credit Only," and 4 percent *
of the parcels, containing 22 percent of the acreage, which were acquired by
"Other Method Only.” The “Other Method Only" category includes mergers, corpo-
rations that became foreign because foreign persons obtained a significant
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 9 percent of the parcels and 10 percent. of the acres. ‘

3/ 7 C.F.R. § 781.2(c) (1985).

17


fesource

Foreign Ownership of

U.S. Agricultural
Through December 31,
985

J. Peter DeBraal
T. Alexander Majchrowicz


TABLE 38--DISPOSIT:

IONS OF U.S.

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

UANUARY 1 - DECEMBER 31, 1985
i (NUMBER).
souti west SionTHEAST NORTH CENTRAL
COUNTRY
PARCELS || acres | PARCELS | ACRES | PARCELS | ACRES | PARCELS | ACRES
REPORTED REPORTED REPORTED REPORTED

AUSTRALIA at 173 ° ° © ° ° °
BERMUDA ° ° ° ° 1 104 ° °
BRAZIL 1 81 ° ° ° ° ° °
CANADA 2 48 6 96 12 188,486 ° °
COLOMBIA 1 79 ° ° ° ° ° °
DENMARK ° ° ° ° 2 225 ° °
FRANCE 1 204 ° ° ° ° ° °
GERMANY (WEST) 26 7,078 ° ° 3 656 ° °
HONG KONG 2 148 ° ° ° ° ° °
HUNGARY ° ° ° ° 2 110 ° °
JAPAN 4 42 ° ° ° ° ° °
LIECHTENSTEIN ° ° ° ° ° ° 1 13
LUXEMBOURG 1 289 ° ° ° ° ° °
MEXICO 3 458 ° ° ° ° ° °
NETHERLANDS, 3 1,882 1 1 1 24 ° °
NETHERLANDS ANTILLES 10 2.873 3 368 ° ° 1 6
PANAMA 5 828 ° ° ° ° ° °
SWEDEN 1 2 ° ° ° ° ° °
SWITZERLAND 3 938 ° ° 4 2,879 ° °
UNITED ARAB EMIRATES 1 40 ° ° ° ° ° °
UNITED KINGDOM 1 40 1 13,000 2 18 ° °
MULTIPLE 1 45 ° ° ° ° 7 42
THIRD TIER 4 88 ° ° ° ° ° °

SUBTOTAL 1/ 98} 15,336 " 13,475 27 © 192,502 9 61
US/BELGIUM 2 3.183 ° ° ° ° ° °
US/BERMUDA 1 251 ° ° ° ° ° °
US/CANADA 3 436 3 29 1 20 1 6,960
US/FRANCE 4 1,369 ° ° ° ° ° °
US/GERMANY (WEST) 2 203 ° ° 1 4 ° °
US/JAPAN ° ° 1 170 ° ° ° °
US/KUWAIT 2 150 ° ° ° ° ° °
US/LIBERIA 1 215 ° ° ° ° ° °
US/LUXEMBOURG ° ° ° ° 1 183 ° °
US/NETHERLANOS 2 198 4 24 1 140 2 53
US/NETHERLANDS ANTILLES 2 2,788 ° ° ° ° ° °
US/PANAMA : ° ° ° ° ° ° 1 1,480
US/SWITZERLAND 4 720 5 1,243 3 1,696 3 186
US/UNITED KINGDOM ° ° 7 16,262 18 158 2 4
US/MULTIPLE 1 640 ° ° ° ° ° °
US/THIRD TIER 4 4,318 3 799 ° ° ° °

SUBTOTAL 2/ 2a} 14,462 23 °° 18,527 25 2.204 9 8,690
TOTAL ALL

LAND DISPOSITIONS 126] 29,798 34 32,002 52 194,703 18 8,751

4/ “TOTAL INTERESTS
2/ TOTAL INTERESTS

EXCLUDING ul

OF U.S. CORPORATIONS WITH FOREIGN SHAREHOLDERS.

S. CORPORATIONS WITH FOREIGN SHAREHOLDERS.

connected with a U.S. entity disposed of 97 percent of the acres in the region.
The West accounted for 15 percent of the disposed parcels and 12 percent of the
acres. Foreign persons from the United Kingdom disposed of the most acreage in
The South accounted for the most disposed parcels, 55 per-
cent, but accounted for only 11 percent of the disposition acreage. The North-
east had the smallest amount of disposition acreage, 3 percent.
for the|most disposition acreage in the region, 80 percent.

the West; 91 percent.

corporation accounted
Land Use

Of the acres disposed

One U.S./Canada

in the reporting period, 81 percent were forest land,

9. percent cropland, and 8 percent pastureland (table 39).
land dispositions were by foreign persons from Canada not affiliated with a

U.S. entity, which ac

‘counted

The largest. forest

or 88 percent of ‘the disposed acres in this

land-use category. Foreign persons from the Netherlands Antilles disposed of
Foreign persons from the United Kingdom not
. entity| disposed of the most pastureland, 63 percent.

the. most cropland, 21
associated with a U.S

percent

40


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 sub—

stantial control is processed as "U.S./Canada.”

interest or s
predominates,

a significant
none of which
or more tiers
the report is
interests are

processed as

U.S. agricultural land owne
act (the party legally resp

Where foreign shareholders with
bstantial control are from a number of countries,
the report is processed as "U.S./Multiple." If three

of U.S. corporations are listed with no foreign interest indicated,

'U.S./Third Tier.” Noncorporate entities with U.S.

processed under the predominant country of origin.

by a U.S. entity deemed a foreign person under the
msible for providing the information required by the

act) is reported from the standpoint of the U.S. entity rather than that of the

foreign shareholder.

The AFIDA procedures provide

in the same manner (type of

same time is considered a pa

for land to be reported. by parcels. All land. held
interest), located in one county, and acquired at the
rcel and is to -be reported on a single form. Land

does not have to be adjacent to be considered part of one parcel. This parcel

concept is intended to ease

the reporting burden.

All of the parcels (and acres) for each owner have been combinéd under each

owner.

Therefore, the number of owners is less than the number of parcels.

However, because owners do not always report their names in exactly the same way
on each form, it is difficult to attribute these forms with great precision to

one. person or legal entity.

and also hold interests in entities. which own other lands.

treated as separate owners.

Some foreign persons hold land in their own names
These entities are

The data in this report should be viewed in light of the foregoing caveats and

those accompanying the tables.
Resulting data deficiencies are noted and highlighted as
The "No Report" category in the tables means that a response to

reviewing this study.
appropriate.
the particular question was
not mean that they are whol.

Reporters' errors must also be’ considered in

not made.
y owned by foreign investors.

Note that the acreage figures reported. do
Of the 12.1 million

foreign-owned acres, 56 percent are owned by U.S. corporations in which there is

a significant interest or s
addition, a number of .acres
for example, table 2, which
reporting partial interests

‘bstantial control by foreign persons (table 8). In
are owned only. in part by foreign investors. See,
gives the acreage equivalent for those foreign owners
in the real estate. These partial interests reduce

the 12.1 million acres of foreign holdings of U.S. agricultural land to.an equi-

valent of 11.1 million acres.

ANALYSIS OF DATA REPORTED UNDER THE ACT

Holdings

Data in this section are derived from the 12,973 reports filed by foreign persons

who held land as of December 31, 1985.
acres of all U.S. agricultural land.
See "Dispositions, Land-Use Changes, and Changes in Status"

last year's figure.

These report forms account for 12,094,293
This is a decrease of 1,943,443 acres from

and “Impacts of the New Regulations". for discussions of the reasons for this-

decrease.



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

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

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

The act is designed to-impute foreign person status to certain U.S. entities
holding direct. and indirect interests in U.S. agricultural land. For purposes
of the act, this is accomplished by. defining each successive link in a chain of
U.S. entities containing foreign interests as a foreign person. However, only
the foreign person who actually holds the direct interest in the land (that is,
the first layer or tier) is considered the reporting entity. This entity need
not actually be foreign, but under the act it is deemed a foreign person because
another foreign person holds a significant interest or substantial control in it.
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 “sig-
nificant interest or substantial 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.

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

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


11 percent of the parcels and 0.9 percent. of the acres.
were received for 39 percent o:

TABLE. 31--INTENDED USE OF U-S.

|
|

AGRICULTURAL LAND ACQUISITIONS, OF. FOREIGN OWNERS

UANUARY 1 - DECEMBER 31, 1985
(NUMBER)
ITEM NO buance OTHER OTHER NON-. | NO REPORT TOTAL
AGRICULTURE | AGRICULTURE

INDIVIDUAL:

PARCELS REPORTED 54 2 3 3 62

ACRES 12,320 170 133 667 13,290
ORGANIZATION:

PARCELS REPORTED 229 3 24 5 261

ACRES 1,644,755 360 10,006 5,499 .. 1,660,620
TOTAL:

PARCELS REPORTED 283 5 27 8 323

ACRES 1,657,075 530 10,139 6,166 | 1,673,910

|

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

UANUARY 1 - DECEMBER 31, 1985
ian
‘ PARCELS ACRES VALUE
TENURE REPORTED (NUMBER ) (1,000
(NUMBER ) DOLLARS) 1/
CURRENT:
FOREIGN OWNER 94 295,571 96,475
MANAGER 34 14,533 10,675
TENANT 67 20,080 62,937
NO REPORT 427 1,343,432 104,977
TOTAL 323 1,673,910 275,764
RENTAL:
‘CROP 20 8,847 18,616
CASH 66 16,622 48,600
NO REPORT 143 1,352,870 412,073
NOT APPLICABLE 94 295,571 96,475
TOTAL 323 "1,673,910 275,764
INTENDED CHANGE : : :
NONE 126 104,545 113,471
NEW 86 171,798 69,681
BOTH 1 120 450
NO REPORT 110 1,397,447 92,162
TOTAL 323 1,673,910 275,764
4/ VALUE IS PURCHASE PRICE OR NONPURCHASE PRICE (ESTIMATED VALUE).

No responses on tenure

the. parcels covering 80 percent of the acres.

Rental agreements were reported for 27 percent of the parcels covering 1.5 per-
cent of the acres acquired during this period.
agreements accounted for 77 percent of the parcels covering 65 percent of the
agreements were received for 44-percent of the

acres.

No responses on rental
parcels covering 81 percent of

Tenure Change

Reports for 39 percent of the
tenure.change for 6 percent of
of the acquired parcels, conta

the acres.

36

Of the rental agreements, cash

parcels acquired during the period indicate no
the acreage (table 32).
ining 10 percent of the acres, indicated a tenure

Reports for 27 percent


i .
TABLE 14--U.S. FOREST AND OTHER NONAGRICULTURAL LANDHOLDINGS
BY. TYPE|/OF FOREIGN OWNER, DECEMBER 31, 1985

(NUMBER )
PARCELS WITH ACREAGE
OWNER OWNERS PARCELS ACRES PARTIAL EQUIVALENT 2/
INTERESTS 1/
INDIVIDUAL . 322 379 94,537 54 90,985
CORPORATION 274 1,086 5,189,740 35 4,723,199
PARTNERSHIP. 78 557 434,835 19 430,844
ESTATE 2 2 1,611 ° . 1,641
TRUST 16 19. 11,878 ° 11,878
OTHER 4 5 865 : ° 865
TOTAL 696 2,048 5,733,466 108 5,259,382

I
4/ PARCELS WITH PARTIAL INTERESTS ‘ARE THOSE PARCELS WHICH ARE OWNED ONLY
IN PART BY ‘THE FOREIGN INVESTOR; THAT IS, A PERCENTAGE. INTEREST LESS THAN
100 PERCENT.
2/ ACREAGE EQUIVALENT EQUALS THE TOTAL ACREAGE REPORTED MULTIPLIED BY
THE PERCENTAGE HELD BY THE FOREIGN OWNER.

TABLE. |15--FOREIGN-OWNED U.S. FOREST AND
OTHER NONAGRICULTURAL LANDHOLDINGS
BY SIZE OF HOLDING, DECEMBER 31, 1985

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

_ LESS THAN bo 110 114 1,412
20-59 130 133 4,398
60-99 54 59 4,255
100-299 139 174 23,538
300-999 118 194 68,574
1000 OR -MORE 145 41,380, 5,631,589

TOTAL 696 2,048 5,733,466

TABLE. 16--INTENDED USE OF U.S. AGRICULTURAL LANDHOLDINGS OF FOREIGN OWNERS,
DECEMBER 31, 1985

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

INDIVIDUAL: :

PARCELS REPORTED 4,103 4177 205 69 4,554

ACRES 836,113 59,821 49,242 8,744 953,917
ORGANIZATION:

PARCELS REPORTED 6,804 325 1,147. 146 8.419

ACRES 10| 282,743 229,465 414,545 216,623 11,140,376
TOTAL: .

PARCELS REPORTED 10,904 ‘502 1,952 215 12,973

ACRES 11) 118,856 289,286 460,787 225,364 12,094,293

Tenure

Tenants and foreign owners operate 39 percent and 29 percent of the ‘parcels of
foreign-held U.S. agricultural land, respectively, whereas managers only operate
9 percent of the parcels (table 17). No responses to the tenure question were
received for the remaining 23) percent of the parcels. However, tenants operate

24



TABLE 39--DISPOSITIONS OF U.S. AGRICULTURAL LAND BY COUNTRY OF FOREIGN OWNER, BY USE,
VANUARY 1 - DECEMBER 31, 1985

(ACRES)
COUNTRY ‘CROPLAND PASTURE FOREST OTHER OTHER NON- | NO USAGE TOTAL
AGRICULTURE] AGRICULTURE| REPORTED

AUSTRALIA ° ° 43 ° 130 ° 173
BERMUDA 70 10 20 ° 4 ° 104
BRAZIL ° 81 ° ° ° ° 81
CANADA 116 61 188,952 39 62 0 188,630
COLOMBIA 79 ° ° ° ° ° 79
DENMARK 184 ° 10 ° at ° 225
FRANCE ° ° 204 ° ° ° 204
GERMANY (WEST) 915 248 5,305 1,294 32 ° 7.734
HONG KONG 84 84 40 ° ° ° 148
HUNGARY ° ° ° 103 7 ° 110
UAPAN, 42 ° ° ° ° ° 42
LIECHTENSTEIN 7 ° ° ° 6 ° 13
LUXEMBOURG ° 173 110 ° 6 ° 289
MEXICO 343 115 ° ° ° ° 458
NETHERLANDS 1,618 154 ° 80 65 ° 1,917
NETHERLANDS ANTILLES 2.360 391 237 240 19 ° 3.247
PANAMA 318 496 ° ° 14 ° 828
SWEDEN 2 ° ° ° ° ° 2
SWITZERLAND 1,426 386 2,002 3 ° ° 3.817
UNITED ARAB EMIRATES ° ° ° 40 ° ° cf
UNITED KINGDOM ° 13,046 12 ° ° ° 13,058
MULTIPLE at ° ° ° 46 ° 87
THIRD TIER ° ° 88 ° ° ° 88

SUBTOTAL 1/ 7,575 15,215 196,423 1,739 422 oO 224,374
US/BELGIUM 1,931 100 200 ° 952 ° 3,183
US/BERMUDA ° ° ° ° 251 ° 251
US/CANADA 4,200 2.770 443 ° 32 ° 7.445
US/FRANCE ° 923 ° 328 118 ° 1,369
US/GERMANY (WEST) 4 ° ° 60 143 ° 207
US/JAPAN 170 ° ° ° ° ° 170
US/KUWAIT ° ° ° 150 ° ° 150
US/LIBERIA ° ° ° 215 ° ° 215
US/LUXEMBOURG 70 1 3 29 4 ° 183
Us/NETHERLANDS 193 80 ° ° 132 ° 405,
US/NETHERLANDS ANTILLES 2.489 300 ° ° ° ° 2,789.
US/PANAMA 1, 182 298 ° ° ° ° 1,480
US/SWITZERLANO 978 ° 1,698 863 308 ° 31845
US/UNITED KINGDOM 4 ° 16,303 ° 417 ° 16,431
US/MULTIPLE 640 ° ° ° ° ° 640
US/THIRD TIER 3.884 1,036 ° ° 197 ° S417

SUBTOTAL 2/ 15,749 5.578 18,653 1,645 2,255 ° 43,880
TOTAL ALL

LAND DISPOSITIONS 23,924 20,793 215,076 3,384 2,677 O° - 265,254

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

Trends

The data for 1985 are skewed toward the first part of the year, whereas the data
for 1981, 1982, 1983, and 1984 are more evenly distributed throughout the year,
except for some major transactions in December 1984 (table 40). This has also
been the case for current year data in past AFIDA reports. This can be explain—
ed primarily in terms of the AFIDA reporting requirements which allows persons
90 days to report their transactions to USDA. Consequently, not all of- the
transactions occurring in the 90 days preceding the closing date of the report
are reported to USDA by that date. Some of the skewing is also due to reports
that are not timely filed and/or completed by the closing date. The foregoing
discussion also means that the current data, and in’ some instances data for prior
years, are understated and should be regarded as preliminary. In addition, un-
like the net data in the acquisitions section, the acquisitions figures here are
gross figures; that is, total acquisitions without reductions for dispositions.

41


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

LANDHOLDINGS :
BY COUNTRY OF FOREIGN OWNER, DECEMBER 31, 1985
(NUMBER)

COUNTRY OWNERS PARCELS ACRES
ARGENTINA 1 1 59
‘AUSTRALIA 4 6 699
AUSTRIA 6 14 14,725
BAHAMAS 1 1 7,200
BELGIUM 2 2 160
BELIZE o4 2 102
BERMUDA 6 7 556
BRITISH VIRGIN ISLANDS 4 6 20,237
CANADA 236 275 1,010,753
CAYMAN ISLANDS 2 3 1,979
DENMARK 4 5 1,837
EGYPT 2 2 85
FRANCE 6 9 5,813
GERMANY (WEST) 120 174 174,215
GREECE 3 “3 118 ©
/ HONG KONG 2 7 5.407
INDONESIA 1 1 20
TRAN 3 3 243
ITALY 2 2 937
JAPAN 7 1 200
JORDAN 3 4 204
KOREA (SOUTH) 1 1 353
LEBANON 1 1 25
LIBERIA 2 2 4,290
LIECHTENSTEIN 7 7 8,335
MEXICO 2 2 167
NETHERLANDS 6 9 4,917
NETHERLANDS ANTILLES 24 35 45,606
PANAMA a 6 12,368
PHILIPPINES .3 3 146
ST VINCENT . 1 1 20
SAUDI ARABIA 3 3 428
SWEDEN 1 1 4
SWITZERLAND 15 27 30,274
SYRIA 2 2 147
TURKS ISLANDS 1 1 5
UNITED KINGDOM 23 35 151,624
VENEZUELA 9 cr 1,883
VIETNAM 1 1 152
MULTIPLE 8 5 3,005
THIRD TIER 1 430 185,925

SUBTOTAL 4/ 522 1,141 1,694,023
US/AUSTRALIA 1 1 315
US/AUSTRIA 2 3 360,
US/BAHAMAS 1 2 3,984
US/BELGIUM 3 6 5,057
US/BERMUDA 4 14 9,235
US/BRITISH VIRGIN‘.

ISLANDS, 4 5 9,586
US/CANADA 32 360 497,693
US/DENMARK 2 2 386
US/FINLAND 2 4 3,047
US/FRANCE 8 56 148,724
US/GERMANY (WEST) 14 at 16,882
US/JAPAN 5 1" 8,474
US/KUWAIT 1 1 112:
US/LIBERIA 4 4 3,520° ~
US/LIECHTENSTEIN 2 3 6.648
US/LUXEMBOURG 1 1 8
US/NETHERLANDS 10 26 64,786
US/NETHERLANDS ANTILLES 6 15 1,905
US/NORWAY 1 1 25
US/PANAMA 6 9 3,983
US/SAUDI ARABIA 1 14 2,598
US/SPAIN 1 1 60

. US/SWITZERLAND 10 21 59,243
US/UNITED KINGDOM 50 216 2,891,235
US/VENEZUELA 2 2 1,726
US/MULTIPLE 3 13 160,450
US/THIRD TIER : 1 98 199,341

SUBTOTAL 2/ 174 937 | 4,039,443.
TOTAL . 696 2,048 5,733,466

A/ TOTAL INTERESTS EXCLUDING U.S.

FOREIGN SHAREHOLDERS.

CORPORATIONS WITH

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

SHAREHOLDERS.

23


Foreign persons reported thai
than 1 percent, of privately)
try) as of December 31, 1985)

SUMMARY

it they owned 12.1 million acres, or slightly less
owned U.S. agricultural land (farmland and fores-
This 1.9-million acre decline (from 14 million

acres owned in 1984) is primarily due to (1) the change in status from foreign

to nonforeign of one U.S. co:

poration with holdings of 2.1 million acres of agri-

cultural land, and (2) a reduction of 1 million acres from the data base for

reports not required to be f
ments which became effective
was offset, in part, by an a
corporation which became for
These and other findings are|

dled as a result of changes in the reporting require-
October 9, 1984. This 3.1 million-acre reduction
ddition of 1.3 million acres reported by a U.S.

ign under the reporting requirements during 1985.-
based on an analysis of reports submitted to the

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

closure Act of 1978.

Information received at the

time of reporting shows that forest land accounts for

51 percent of all foreign-owned acreage, cropland for 17 percent, pasture and

other agricultural land for.
for 5 percent. .

Corporations own 79 percent 0:

and individuals, 8 percent.

associations, institutions, a

U.S. corporations, in which {
stantial control, reported o
The remaining 44 percent was
persons not affiliated with

A number of parcels are owned

foreign interest in some par

7 percent, and nonagricultural and unreported uses

£ the holdings acreage; partnerships, 12 percent;
The remaining 3 percent is held by estates, trusts,
nd others.

oreign persons have a significant interest or sub-
ing 56 percent of all the foreign-held acreage.

[reported as being held or acquired by foreign

U.S. corporation.

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

percentage being owned, for bxample, by a U.S. partnership. When the 12.1
million acres are adjusted fbr these partial interests, the total foreign-owned

acreage drops to an equivalen

Foreign persons from the Uni
Antilles, and Switzerland ac

The largest number of acres
Foreign holdings in Maine ac
and 10.1 percent of the tota!

tt.of 11.1 million acres.

ed Kingdom, Canada, West Germany, the Netherlands
count for 70 percent of the foreign-held acreage.

pwned by foreign persons was reported in Maine.
count for 16 percent of the total reported holdings
. privately owned agricultural land in Maine. Three

companies own 90 percent of the foreign-held acres in Maine, all in forest land.
Two companies are Canadian and the third is a U.S. corporation which is partially
foreign owned.

Except for Maine, foreign holdings are concentrated in the West and South, each

containing 34 percent of the Rhode Island is the only State with no
reported foreign-owned agrict

Foreigners do not appear to
tion. No change in intended
cent of the acreage. No cha
acres while some change. was
regarding tenure change were

Data gathering and analysis
$335,000 for 1985.

holdings.
ultural land.

e taking purchased agricultural land out of producy
Pese at. the time of filing was reported for 92 per-
nge in tenure was reported for 46 percent of the

reported for 28 percent of the acres. No responses
received for the remaining 25 percent of the-acres.

cost the U.S. Department of Agriculture approximately

viii



TABLE 8--U.S. AGR;

DECEMBER 31, 1985--CONTINUED

ICULTURAL LANDHOLDINGS BY COUNTRY OF FOREIGN OWNER,

(NUMBER )
COUNTRY OWNERS PARCELS ACRES

UNITED KINGDOM 239 318 413,099
URUGUAY 7 8 12,459
U.S.S.R. 2 4 835
VENEZUELA 99 145 27,085
VIETNAM 1 1 152
YUGOSLAVIA 3 3 1,024
MULTIPLE 47 65 27,840
THIRD TIER 5 439 187,144

SUBTOTAL 1/ 6,225 8,719 5,300,630
US/ANDORRA 1 1 3,741
US/ARGENTINA 2 4 4,140
US/AUSTRALIA 7 18 1,283
US/AUSTRIA 6 8 14,967
US/BAHAMAS 14 32 37.754
US/BELGIUM 24 at 63,803
US/BERMUDA 18 66 38,140
US/BRAZIL 3 16 4,069
US/BRITISH VIRGIN

ISLANDS, 6 14 12,029
US/CANADA 270 aso 745,494
US/CAYHAN ISLANDS 20 32 26,095
US/CHINA 1 1 322
US/COLOMBIA 4 5 2,341
US/DENMARK 5 6 1,844
Us/ECUADOR 2 2 1,549
US/EGYPT 3 4 969
US/EL SALVADOR 1 1 12
US/F INLAND 2 4 3,047
US/FRANCE 70 261 316.721
US/GERMANY (WEST) 201 418 481,992
US/GREECE 4 5
US/GUATEMALA 2 3
US/GUYANA 1 2
US/HONG KONG 7 8
US/TRAN 7 1
US/IRAQ 1 2
US/IRELAND 2 4
US/ITALY 12 14
US/UAPAN 47 16
US/KOREA. (SOUTH) 1 1
US/KUBAIT 5 Ww
US/LEBANON 5 6
US/LIBERIA 18 19
US/LIBYAN ARAB REPUBLIC 2 3
US/LIECHTENSTEIN 87 g0
US/LUXEMBOURG 23 31
US/MALAYSIA 1 1
US/MEXICO 21 26
US/NETHERLANDS 93 875
US/NETHERLANDS ANTILLES 128 210
US/NEW HEBRIDES 2 2
US/NICARAGUA 1 2
US/NORHAY 3 5
US/PANAMA 58 a7
US/PHILIPPINES a 3
US/PORTUGAL 2 2
US/SAUDI ARABIA 8 35
US/SOUTH AFRICA 2 3
US/SPAIN 9 13
US/SHEDEN 9 17
US/SHITZERLAND 153 333 281,109
US/TAIWAN 42 42 4,625
US/THATLAND 1 3 252
US/TRINIDAD&TOBAGO 2 3 30
US/TURKEY 1 2 443
US/UNITED: KINGDOM 149 553 3,198,632
US/URUGUAY 3 3 1,199
US/VENEZUELA at 84 47,821
US/MULTIPLE 32 50 177,330
US/THIRD TIER 19 124 293,556

SUBTOTAL 2/ 1,621 4,254 6,793,663
TOTAL ALL

LANDHOLDINGS 7,846 12,973 12,094,293

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

14


79 percent of the acquisitions.

An additional 5 percent of the acreage, 78,010

acres, was acquired by foreign persons from Canada; 4 percent, 74,253 acres, by
foreign persons from West Germany not connected with a U.S. entity; and 6 per-

cent, 94,001 acres, by unidentifiable U.S./Third Tier entities~-entities without
an identifiable country of origin because no foreign country of origin is listed
through the third tier of ownership.

Most of the acres acquired during this period were in the West and South (table

24).

Removing the acreage for the U.S./U.K. corporation with 850,817 acres in

the West and 465,979 acres in the South reveals that the South had most of the

TABLE 24--FOREIGN OWNERSHIP OF U.S. AGRICULTURAL LAND ACQUISITIONS BY U.S. REGION,

UANUARY 1 - DECEMBER 31, 1985
(NUMBER)
SOUTH WEST NORTHEAST NORTH CENTRAL
COUNTRY 5
PARCELS | ACRES | PARCELS | ACRES | PARCELS | ACRES | PARCELS | ACRES
REPORTED REPORTED REPORTED REPORTED

AUSTRIA 2 1,590 ° ° ° ° ° °
BAHAMAS 1 59 ° ° ° ° ° °.
BELGIUM 1 100 ° °. ° ° ° °
CANADA 3 447 3 5,644 14 60,971 1 17
CAYMAN ISLANDS 1 146 ° ° ° ° ° °
CHINA 1 20 ° ° ° ° ° °
- FRANCE 1 204 ° ° ° ° ° °
GERMANY (WEST) 37 «71,253 5 539 5 1,182 3 1,279
HONG KONG ° ° ° ° 1 115 ° °
INDONESIA 2 151 ° ° ° ° ° °
IRELAND 1 260 ° ° ° ° ° °
ITALY ° ° 1 125 ° ° ° °
JAPAN ° ° 1 20 ° ° ° °
LEBANON 2 1,285 ° ° ° ° ° °
LIECHTENSTEIN 1 812 ° ° ° ° 1 161
LUXEMBOURG 1 289 ° ° ° ° ° °
[MEXICO 1 395 ° ° ° ° ° °
NETHERLANDS, 2 355 ° ° 1 135 1 257
NETHERLANDS ANTILLES 3 49 2 69 1 179 ° °
PANAMA 2 448 ° ° ° ° ° °
SAUDI ARABIA 4 aie ° ° ° ° ° °
SWEDEN ° ° ° ° ° ° 2 378
SWITZERLAND 8 882 ° ° 1 770 ° °
TAIWAN ° ° 1 69 ° ° ° °
UNITED ARAB EMIRATES 2 53 ° ° ° ° ° °
UNITED KINGDOM 15 1,891 3 219 2 946 5 622
VENEZUELA ° ° 1 537 ° ° °. °
MULTIPLE 5 2,820 4 634 ° ° 1 117
SUBTOTAL 1/ 96 83,925 24 7.856 25 64,298 14 2,831
US/ARGENTINA 2 580 ° ° ° ° ° °
US/BAHAMAS 1 281 oO. ° ° ° ° 9.
US/BELGIUM ° ° ° ° ° ° 1 54
US/BERMUDA s 2,968 ° ° ° ° ° °
US/BRAZIL ° ° ° ° ° 3 863
US/CANADA 1 3,047 2 1,699 5 5.948 1 237
US/EGYPT 1 809 ° 9° ° ° ° °
US/FRANCE 3 125 2 170 2 856 ° °
US/GERMANY (WEST) 5 562 1 60 ° ° ° °
US/TRELAND 1 99 ° o ° ° ° °
US/JAPAN 4 42 3 3060 . 29 ° °
US/KUWAIT 2 224 ° ° ° ° ° °
US/MEXTCO ° ° 4 50,000 x) ° ° °
US/NETHERLANDS 6 523 ° ° ° ° 2 32
US/NETHERLANDS ANTILLES 3 1,011 ° ° ° ° ° °
US/PANAMA ° ° 1 120 ° ° ° °
US/SAUDI_ARABIA 4 791 ° ° ° ° 3 539
US/SWITZERLAND 6 12,165 1 80 1 36 2 628
US/UNITED KINGDOM 34. 467,583 39 864,352 4 2,746 6 1,239
US/VENEZUELA 1 119 ° ° 1 26 ° °
US/MULTIPLE ° ° ° ° ° ° 2 86
US/THIRD TIER 7 ~~ 94,001 ° ° ° ° ° °
SUBTOTAL 2/ 83. 584,900 50. 916,781 14 9.644 20 3.678

TOTAL ALL .
LAND ACQUISITIONS 1179. 668,825 71 924,637 39° 73,939 34 6.509

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

31


remaining acquisitions—-202,846 acres, or 58 percent of the balance of 349,037
acres. Of this 202,846 acres, 46 percent was acquired by unidentifiable U.S./
Third Tier entities and 35 percent by foreign persons from West Germany not
affiliated with a U.S. entity} In the West, of the balance of 73,820 acres,
68 percent of the acres were acquired by a U.S./Mexico entity. In the North-
east, 91 percent of the acres|were acquired by foreign persons from Canada.

Interest in Land

Of the reported foreign-acquired parcels of U.S. agricultural land, 91 percent
(accounting for 93 percent of|the reported acres). were acquired in fee interest
whole (table 25). Partial interests were acquired in 5 percent of the parcels,

representing 3 percent of the|acres.

Method ‘of Acquisition

More parcels of agricultural land were acquired by foreign owners for "Cash
Only” than any other method of acquisition (table 25). Removing the 58 parcels
covering 1,316,796 acres, 49 percent of the parcels, covering 10 percent of the
acres, were acquired for "Cash Only." This compares with 25 percent of the par-
cels, covering 21 percent of the remaining acres, which were acquired by “Credit
Only.” “Trade Only,” “Cash and Any Other Combination,” and "“Noncash Combina-
tions" were also noticeable methods of acquisition.

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

VANUARY 1 - DECEMBER 31, 1985
(NUMBER )
ITEM PARCELS ACRES
: REPORTED
INTEREST:
FEE INTEREST WHOLE 294 1,564,892
FEE INTEREST PARTIAL 1/ 16 47,316
TRUST BENEFICIARY 4 969
PURCHASE CONTRACT 7 59,540
OTHER 2 1,193
TOTAL 323 1,673,910
METHOD OF ACQUISITION:
CASH ONLY 130 34,216
CREDIT ONLY 66 76,774
TRADE ONLY 12 65,766
GIFT/INHERITANCE ONLY 1 274
FORECLOSURE ONLY 5 6,441
OTHER METHOD ONLY 85 1,331,805
CASH & CREDIT ONLY 13 3,320
CASH & ANY OTHER COMBINATION T 61,554
NONCASH COMBINATIONS 4 93,760
TOTAL 323 1,673,910
OWNER-REPRESENTATIVE: ig
ATTORNEY . 103 128,756
MANAGER 107 1,245,717
AGENT 35 244,049
OTHER 78 85,388
TOTAL 323 1,673,910
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.
32





20

i
TABLE 11--USE OF U.S. AGRICULTURAL LANDHOLDINGS BY “COUNTRY OF FOREIGN OWNER,
"| DECEMBER 31, 1985--CONTINUED
(acres)
COUNTRY CROPLAND PASTURE FOREST OTHER © |OTHER NON- |. NO USAGE TOTAL
AGRICULTURE | AGRICULTURE | REPORTED
UNITED KINGDOM 73,717 158,640. 157,161 14,686 8,895 © 413,099
URUGUAY 3,020 7.916 490 ° 1,033 ° 12,459
U.S.S.R. 204 130 177 55 269 ° 835
VENEZUELA 9,928 4,994 5,260 2,649 4,254 ° 27,085
VIETNAM ° 152 ° ° ° 152
YUGOSLAVIA 928 ° 10 ° 86 ° 1,024
MULTIPLE 7,722 10,672 4,622 2,309 2.515 ° 271840
THIRD TIER eas 387 185,987 105 47 oO 187, 144
SUBTOTAL 4/ 1,286,320 | 1,483,096 1,892,631 311,308 326,770 505 5,300,630
Us/ ANDORRA 200 3.541 ° ° ° ° 3.744
US/ARGENTINA 701 3,191 40 ° 208 ° 4.140
US/AUSTRALTA 348 304 345 87 229 °
US/AUSTRIA 1,905 12,480 554 ° 28 °
US/BAHAMAS 16,160 6.084 4,291 10,260 959 °
US/BELGIUM 16,599 35, 104 8,662 1,556 1,882 °
US/BERMUDA 1,807 1,386 15,251 7,720 11,976 °
US/BRAZIL 3,448 ° 301 320 °
US/BRITISH VIRGIN
ISLANDS 662 689 10,275 204 199 °
US/CANADA 53,932 95,992 513,082 21,084 61,404 °
US/CAYMAN ISLANDS 13,858 3.829 5.611 11948 849 °
US/CHINA 316 ° ° ° 6 0
US/COLOMBIA 284 2,007 50 ° ° °
US/DENMARK 292 235 1,301 10, 6 °
US/ECUADOR ° 1,549 ° ° ° °
US/EGYPT 425 295 120 413 16. °
US/EL SALVADOR 12 ° ° ° ° °
US/FINLAND ° ° 2,975 ° 72 °
US/FRANCE 23,477 42,758 205,926 27,299 17,264 °
US/GERMANY (WEST) 114,454 270,511 32,142 14,652 49,843 390 481,992
US/GREECE 23 3,531 ° ° 3.215 ° 6.769
US/GUATEMALA ° 392 ° 20 ° ° 412
US/GUYANA ° ° ° 934 ° ° 334
US/HONG KONG 4,113 5.319 ° ° 27 ° 6.459
US/TRAN 1,183 1,047 905 774 402 ° 4,308
US/IRAQ 800 ° °. 160 ° 960
US/IRELAND 121 362 9 17 3 ° 512
US/ITALY 3,358 41,274 814 671 951 ° 7,065
US/UAPAN 10,327 1,472 11,082 1,561 4,054 ° 28,496
US/KOREA (SOUTH) ° 63 ° ° 12 ° 75
US/KUWAIT 724 315 172 at7 28 ° 2,256
US/LEBANON 200 140 133 209 21 ° 703
US/LIBERIA 2,224 18,852 4,830 1,067 3.470 ° 30,443
US/LIBYAN. ARAB REPUBLIC ° ° ° 277 3 ° 280
US/LIECHTENSTEIN 35,754 4,858 8,085. «3,213 14,671 ° 63,581
US/LUXEMBOURG 11,338 47,246 4.ett 46,503 7.681 Oo | 117.579
US/MALAYSIA ° ° 300 ° 30
US/MEXICO 3,134 77,342 1.032 6,027 2,372 ° 89,907
US/NETHERLANDS 45,136 153, 104 76,930 20,686 35,568 O © 331,421
US/NETHERLANDS ANTILLES 82,818 120,648 14,660 14,173 13,510 0 242,809
US/NEW HEBRIDES 1,300 1,533 ° ° 158 ° 2.991
US/NICARAGUA ° 242 40 ° ° ° 282
US/NORWAY 66 30 140 58 58 ° 352
US/PANAMA 21,954 22,316 7,937 3,303 1,580 ° 57,030
US/PHILIPPINES 780 59 ° ° 385 ° 1,224
US/PORTUGAL 1,429 151 ° ° 103 ° 1,683
US/SAUDI ARABIA 2,734 5,122 4,671 ° 2.675 ° 15,202
US/SOUTH AFRICA 1,345 3,138 178 50 50 ° 4.764
US/SPAIN 2,297 1,991 1,568 142 15 ° 5,953
US/SWEDEN 2,615 31 143 344 732 ° 4,147
US/SWITZERLAND 95,728 64,744 83,308 24,255 13,074 0 . 281,109
US/TAIWAN 4,610 ° 15 ° ° ° 4,625
US/THAILAND 175 ° ° 77 ° ° 252
' US/TRINIDAD & TOBAGO 30 ° ° ° ° ° 30
US/TURKEY 350 93 ° ° 9 ° aa3
US/UNITED KINGDOM 36,896 181,211 2,912,921 17,402 50,602 200 3,198,632
US/URUGUAY 55 550. 25 40 26 ° 17199
US/VENEZUELA 41,790 4,107 1,402 385 3.137 ° 47,821
US/MULTIPLE 9,003 5,103 160,682 991 1.551 0 © 177,330
US/THIRD TIER 139,489 1,873 141,187 5,024 5,983 ° 293,556
SUBTOTAL 2/ 810,282) | 1,205,430 4,238,305 290,521 308.535 590 6,793,663
TOTAL ALL
LANDHOLDINGS 2,096,602 | 2,688,526 6,190,996 541,829 635,305 1,095 12,094,293
A/ TOTAL INTERESTS EXCLUDING us, CORPORATIONS WITH FOREIGN SHAREHOLDERS.
2/ TOTAL INTERESTS OF U.S. CORPORATIONS WITH FOREIGN SHAREHOLDERS.


This report is made pursuant

Disclosure Act which, among other things, requires the Secretary
to prepare an analysis of foreign ownership of U.S. agricultural
the President and the Congress on a
formation received through December

requires an annual report to
basis. This report covers in

LIST OF TABLES . « «6 #6 ©
SUMMARY. 22 so ee ee oo

INTRODUCTION « 2 2 2 eo oo

PREFACE

to section 5 of the Agricultural Foreign Investment

CONTENTS

Summary of the Act and Regulations ....

Definitions... +...

ANALYSIS OF DATA REPORTED UNDER THE ACT ....

Holdings -2 « « «see «
Acquisitions .....

Dispositions, Land-Use Changes, and Changes

Trends « «ee ee we

IMPACTS OF THE NEW REGULATION,

PROGRAM COSTS . 2. 2 2 ee «

Sie ee we ew ewe

APPENDIX: REPORT FORM ASCS-153 2. «2 2 «oo

iv

in Status

of Agriculture
land. The act
calendar-year
31, 1985.


TABLE ©36--DISPOSITIONS OF FOREIGN-OWNED U.S. AGRICULTURAL LAND

BY SIZE OF DISPOSITION, JANUARY

1 - DECEMBER 31, 1985

OWNERS PARCELS SELLING
SIZE REPORTING REPORTED ACRES PRICE
(ACRES) © (NUMBER ) (NUMBER ) (NUMBER ) (1,000
DOLLARS) 1/

LESS THAN 20 27 31 237 6,191
20-59 24 29 695 8,845
60-99 10 18 763 7,238
100-299 30 89 5,498 38,244
300-999 20 33 12,454 34,325
1000 OR MORE 15 30 245,607 35,200
TOTAL 123 230 265,254 130,043

i1/ SELLING PRICE IS VALUE AT TIME OF DISPOSITION.

TABLE 37--DISPOSITIONS OF U.S.

AGRICULTURAL LAND BY COUNTRY OF. FOREIGN

_ LAND” DISPOSITIONS

OWNER, JANUARY 1 - DECEMBER 31, 1985
OWNERS PARCELS SELLING
COUNTRY REPORTING |. REPORTED ACRES PRICE
: «(NUMBER ) (NUMBER ) (NUMBER) (4,000
DOLLARS) 1/
AUSTRALIA 1 at 173 178
BERMUDA 1 1 104 171°
BRAZIL 1 1 81 3,500
CANADA 15 20 188,630 3,264
COLOMBIA 1 1 79 734
DENMARK 2 2 225 949
FRANCE _ 1 1 204 143
GERMANY (WEST) 16 29 7,734 7,729
HONG KONG 2 2 148 801
HUNGARY. © 1 2 110 170
JAPAN : 1 : 1 42 100
LIECHTENSTEIN 1 1 13 38
LUXEMBOURG 1 1 289 290
MEXICO 1 3 458 584
NETHERLANDS 5 5 1,917 1,749
NETHERLANDS ANTILLES 12 14 3,247 26,326
PANAMA 3 5 828 6,255
” SWEDEN 1 1 2 7
SWITZERLAND 6 7 3,817 2,028
UNITED: ARAB EMIRATES 1: 1 40 B11
UNITED KINGDOM 4 4 13,058 2,628
MULTIPLE 2 8 87 930
THIRD TIER 1 4 8B 355
SUBTOTAL 2/ 80 145 221,374 59,434
US/BELGIUM 2 2 3,183 4,650
US/BERMUDA 1 1 251 202
US/CANADA 6 8 7,445 4,183
US/FRANCE 3 4 1,369 9,462
US/GERMANY (WEST) 3 3 207 826
US/JAPAN 1 1 170 5,105
US/KUWAIT 1 2 150 3,826
US/LIBERIA 1 1 215 1,932
US/LUXEMBOURG 1 1 183 925
US/NETHERLANDS 4 9 405 4,708
US/NETHERLANDS ANTILLES 2 2 2,789 3,754
US/PANAMA:  "- 1 1 1,480 820
US/SWITZERLAND 9 15. +845 10,701
US/UNITED KINGDOM 4 27 16,431 10,530
US/MULTIPLE 1 4 640 340
US/THIRD TIER 3 7 5,417 8,645
SUBTOTAL 3/ 43 85 43,880 70,609
TOTAL ALL ~
123 230 265,254 130,043

4/. SELLING PRICE IS VALUE AT TIME OF DISPOSITION.
2/ TOTAL INTERESTS EXCLUDING U.S. CORPORATIONS WITH FOREIGN

SHAREHOLDERS.

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

39


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 34 percent of the parcels accounting for 83 percent of the acres.

Dispositions, Land-Use Changes, and Changes in Status

Data in this section are derived from reports filed by foreign persons who dis—
posed of 230 parcels of U.S. agricultural land covering 265,254 acres. In addi-
tion to the dispositions, there were reports of land-use changes into agriculture
for 17 parcels covering 2,571 acres and out of agriculture for 25 parcels cover-
ing 8,683 acres; and reports of changes in status from foreign to nonforeign

for 232 parcels covering 2,287,609 acres. The sizeable latter figure is attri-
butable primarily to one U.S./Canada corporation and its three subsidiaries
which held 2,100,673 acres plus one U.S./U.K. corporation with 161,239 acres.

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

Characteristics of Foreign Owners Disposing Land

Type of Foreign Owner. The largest amount of acres disposed were in Maine and
covered 72 percent of the total dispositions acreage (table 33). The greatest
number of dispositions occurred in Georgia, accounting for 23 percent of the
parcels but only 2 percent of the acreage.

Transfers by foreign investors to U.S. purchasers accounted for 67 percent of the
parcels but only 18 percent of the acres (table 34). Reports for 14 percent of
the parcels and 2 percent of the acres indicated that they were transferred to
other known foreign persons. Reports for 16 percent of the parcels covering 79
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 54 percent of the owners, 53 percent of the parcels, and 93 per-
cent of the acres (table 35). In comparison, individuals accounted for 27
percent of the owners, 32 percent of the parcels, and 2 percent of the acres.

Size of Disposition. The most acreage disposed was for parcels with 1,000 or
more acres, accounting for 93 percent of the acres (table 36). As should be
expected, sales prices per acre were higher for smaller parcels. Average selling
price of acreage in the less-than-20-acres range was $26,122 per acre compared
with $143 per acre in the 1,000-or-more-acres ‘range. Average selling price of
all reported dispositions was $490 per acre.

Country of Origin. Foreign persons from Canada and the United Kingdom disposed
of the most acreage (table 37). Canadian dispositions accounted for 74 percent
of the acreage and the United Kingdom for an additional 11 percent.

Most of the dispositions occurred in the Northeast, covering 23 percent of the:
parcels and 73 percent of the acres (table 38). Foreign persons from Canada not:

37


Figure 1

State Concentration of Foreign Ownership of Agricultural Land, December 31, 1985

P

West

OK

Northeast

A

Five

AK

Legend: Acres

0-49,999

50,000-99,999

100,000-199,999

200,000-399,999

400,000 & over

Figure 2

Proportion of Foreign-Owned Agricultural Land to All Privatel
United States, December 31, 1985 .

West

EN

ly Owned Agricultural Land in the

“

Legend: Percentage

Less than .1%

-1to 9%

1.0 to 1.9%

2.0% or more



TABLE 3--FOREIGN, OWNERS OF U.S. AGRICULTURAL LANDHOLDINGS
BY STATE, DECEMBER 31, 1985

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

ALABAMA 24 1,124 352 263,842
ALASKA ° ° 2 416
ARIZONA 37 12,579 212 271,943
ARKANSAS 61 28,914 109 128,189
CALIFORNIA 242 74,719 988 821,047
COLORADO 136 115,883 205 370,660
CONNECTICUT 5 249 13 812
DELAWARE 6 1,589 9 3,798
FLORIDA 468 30,899 868 613, 186
GEORGIA 162 52,750 616 533,531
GUAM ° ° 2 336
HAWAII 14 494 33 52,499
IDAHO 18 6,703 30 20,648
ILLINOIS 53 11,980 222 74,596
INDIANA 35 6,280 114 35,352
IOWA 69 16,889 59 15,795
KANSAS 24 5.317 67 63,440
KENTUCKY 35 6,328 91 37,247
LOUISIANA W 7,094 109 411,892
MAINE 27 18,884 66 1,882,368
MARYLAND 52 9,832 119 37,465
MASSACHUSETTS. 3 256 5 1,451
MICHIGAN 57 4,973 54 191,126
MINNESOTA 46 17,205 89 223,771
MISSISSIPPI 8 937 200 327,944
* MISSOURI 34 10,944 84 48,137
MONTANA 738 43,231 87 334,874
NEBRASKA 10 2,927 30 67,210
NEVADA 4 96 15 51,271
NEW HAMPSHIRE 10 1,737 30 141,142
NEW JERSEY 13 1,186 82 25,068
NEW MEXICO 15 987 50 493,509
NEW YORK 335 51,210 164 372,528
NORTH CAROLINA 44 10,221 232 207,745
NORTH DAKOTA 47 14,104 14 5,903
OHIO 45 9,361 308 43,792
OKLAHOMA 8 1,032 59 27,277
OREGON 32 8,501 91 881,561
PENNSYLVANIA 25 2,212 cal 158,144
PUERTO RICO 6 639 6 B14
SOUTH CAROLINA 25 7,315 438 183,863
SOUTH DAKOTA 44 12,190 27 30,303
TENNESSEE 73 19,338 68 57,199
TEXAS 601 179,223 998 838,159
UTAH 515 21,469 28 45,867
VERMONT 510 92,944 222 74,095
VIRGINIA 116 26,479 224 94,330
WASHINGTON 290 49,688 383 403,916
WEST VIRGINIA 18 3,130 37 117,396
WISCONSIN 64 11,218 24 8,280
WYOMING co 660 13 74,639
TOTAL 4,554 953,917 8,419 1,140,376

Table 7 adjusts reported current value by State for the same reasons given in
Because the reported current value in table 7 is
adjusted by each State's average annual change in farm land value, the total

the discussion of table 6.

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 4-

percent increase in reported current value.


FOREIGN OWNERSHIP OF U.S. AGRICULTURAL LAND THROUGH DECEMBER 31, 1985. By

J. Peter DeBraal and T. Alexander Majchrowicz. Natural Resource Economics
Division, Economic Research Service, U.S. Department of Agriculture. Washington,
D.C. 20005-4788. ERS Staff Report No. AGES860327, April 1986.

ABSTRACT

Foreigners owned 12.1 million acres of U.S. agricultural land as of December 31,
1985. This is slightly less than 1 percent of all privately held agricultural
land and 0.5 percent of all land in the United States. These and other findings
are based on an analysis of reports submitted in compliance with the Agricultural
Foreign Investment Disclosure Act of 1978.

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

RRRKKKR KKK KR ARK RRR RRR RRR RRR RRR KR RRR KR RK KR RR KK

This report was prepared for limited distribution to the research community
outside the U.S. Department of Agriculture.

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a a

RRR RRR KERR RRR KR RRR RRR KR KR RK KR RR KR KR KR KRHA K

iti


TABLE 23--U.S. AGRICULTURAL LAND ACQUISITIONS BY COUNTRY OF FOREIGN OWNER,
JANUARY 1 - DECEMBER 31, 1985 ‘
ft
OWNERS PARCELS ACRES VALUE
COUNTRY REPORTING | REPORTED (NUMBER ) (4,000
(NUMBER ) (NUMBER ) DOLLARS) 1/
AUSTRIA 1 2 1,590 1,270
BAHAMAS 1 1 59 21
BELGIUM 1 1 100 2.800
CANADA 19 24 67,079 8,859
CAYMAN ISLANDS 1 1: 146 170
CHINA 1 1 20 45
FRANCE 1 1 204 143
GERMANY (WEST) 25 50 74,253 45,817
HONG KONG 1 1 115 8
INDONESIA 2 2 151 660
IRELAND 1 1 260 925
ITALY 1 1 125 1,200
JAPAN 1 1 20 200
LEBANON 2 2 1,285 1,455
LIECHTENSTEIN 2 2 973 1,002
LUXEMBOURG 1 1 289 243
MEXICO 1 1 395 378
NETHERLANDS 4 4 TAT 7,467
NETHERLANDS ANTILLES 6 6 297 7,994
PANAMA 1 2 448 2,526
SAUDI ARABIA 4 4 416 5,703
SWEDEN 1 2 378 665
SWITZERLAND 8 9 1,652 4,214
TAIWAN 1 1 69 144
UNITED ARAB. EMIRATES 2 2 53 3,514
UNITED KINGDOM 19 25 3,678 9,951
VENEZUELA 1 1 537 3,300
MULTIPLE 8 10 3,571 23,217
SUBTOTAL 2/ 117 156 158,910 133,885
US/ARGENTINA 1 2 580 335
US/BAHAMAS 1 1 281 4,193
US/BELGIUM 1 4 54 25
US/BERMUDA 1 5 2,968 1,664
US/BRAZIL 1 3 863 1,671
US/CANADA 5 9 10,931 30,177
US/EGYPT 1 1 809 1,225
US/FRANCE 4 7 1,154 2,656
US/GERMANY (WEST) 4 6 622 1,606
US/IRELAND 1 1 99 600
US/JAPAN 4 5 371 15,541
US/KUWAIT 1 2 224 390
US/MEXICO 1 1 50,000 2,303
US/NETHERLANDS 6 8 555 4,966
US/NETHERLANDS ANTILLES 3 3 1,011 1,274
US/PANAMA 1 1 120 450
US/SAUDI ARABIA 2 7 1,330 2,871
US/SWITZERLAND 9 10 12,909 8,049
US/UNITED KINGDOM 18 83 1,335,890 41,888
US/VENEZUELA 2 2 145 1,205
US/MULTIPLE 2 2 86 76
US/THIRD TIER 2 7 94,001 18,714
SUBTOTAL 3/ m1 167 . 1,515,000 141,879
TOTAL ALL
LAND ACQUISITIONS 188 323. 1,673,910 275,764
A/ VALUE Is purchase. PRICE OR NONPURCHASE PRICE (ESTIMATED VALUE).
2/ TOTAL INTERESTS EXCLUDING U.S. CORPORATIONS WITH FOREIGN
SHAREHOLDERS. .
3/ TOTAL INTERESTS OF U.S. CORPORATIONS WITH FOREIGN SHAREHOLDERS.
30



' TABLE 10--FOREIGN-OWNED U.S. AGRICULTURAL LANDHOLDINGS
BY TYPE |OF INTEREST, METHOD OF ACQUISITION,
AND OWNER-REPRESENTATIVE, DECEMBER: 31, 1985

(NUMBER)
ITEM . PARCELS ACRES
INTEREST:
FEE -INTEREST. WHOLE . 10,582 10,077,949
FEE INTEREST PARTIAL 1/ 1,245 1,560,702
LIFE ESTATE 35 6,672
TRUST BENEFICIARY 203 113, 180
PURCHASE CONTRACT. 825 284,136
OTHER . 81 51,552
NO: REPORT 2: 102
TOTAL 7 12,973 12,094,293
METHOD OF ACQUISITION: ‘
CASH ONLY 5,750 4,098,330
CREDIT ONLY 4,683 2,444,916
TRADE ONLY 210
GIFT/INHERITANCE ONL! 364
FORECLOSURE ONLY 26
OTHER METHOD ONLY , 526
CASH & CREDIT ONLY 1,169
CASH & TRADE ONLY ° 63
CASH & ANY OTHER COMBINATION 45
NO REPORT 70
NONCASH COMBINATIONS, 67 ! 282,735
TOTAL 12,973 | 12,094,293
OWNER-REPRESENTATIVE:
ATTORNEY | . 3,614 {3,086,215
MANAGER 2,149 121,658
AGENT — 1,361 1,096,941
OTHER 2,877 1 2,628,192
FOREIGN OWNER 2,706 } 1,814,825
“NO REPORT 266 ' 346,462
TOTAL 12,973 j 12,094,293

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. H

Relationship of Foreign Owner to Representative

Forms were most commonly completed by the attorneys, a departure : from previous
years. Attorneys completed and filed foms accounting for 28 percent of the
parcels and 26 percent of the total acreage (table 10). The second largest
group is the "Other" category, |which includes accountants, family members, and
people associated with. or employed by corporations. People in the "Other"
category filed forms. for 22 percent of the parcels, representing | 22 percent of
the foreign-held agricultural land.

Land Use

Fifty-one percent of the reported foreign-owned holdings of agricultural land is
timber or forest land (table 11); cropland accounts for only 17 percent. For-
eign-owned cropland, pasture, and other agricultural land (which includes, for
example, orchards and vineyards) total 44 percent of all foreign-owned holdings,
but. only 0.4 percent of all privately held agricultural land in the United States.
The “Other Nonagriculture" and |"No Report” categories account for 5 percent of
the reported foreign-held acres. Nonagricultural land includes acreages such as

18




TABLE 40--ACQUISITIONS AND DISPOSITIONS OF FOREIGN-OWNED U.S. AGRICULTURAL LAND, BY DATE
JANUARY 1981 - DECEMBER 1985
AGourstazoxs DISPOSITIONS
DATE PARCELS ACRES VALUE PARCELS ACRES” VALUE
REPORTED (NUMBER) | (1,000 REPORTED (uMBER)* | (1,000
(NUMBER) DOLLARS)1/ | - (NUMBER) . DOLLARS) 1/
1981
January 146 59,539 101,914 52 34,470 29,058
February 147 43,524 86,715 31 10,763 16,941
March 281 2,488,657 1,920,765 43 104,866 30,269
April 170 104,109 121,639 55 50,437 35,157
May 183 136,522 220,340 50 10,177 15,164
June 191 114,641 110,243 57 50,701 35,722
July 171 109,184 178,555 53 31,873 41,679
August: 128 89,313 109,770 40 19,819 47,758
September 151 46,670 103,106 39 5,277 8,694
October 147 99,143 62,628 46 18,185 13,800
November 129 70,361 67,275 46 21,717 17,776
December 148 113,178 108,317 61 31,421 35,779
Mutiple 2 957 1,864 1 che "204
Total 1981 1,994 3,475,798 3,193,132 574 389,717 328, 001
1982
January 186 89,701 152,739 62 32,164 42,928
February 102 52,717 74, 306 34 23,376 . 14,824
March 139 50,161 91,003 31 7,032 11,166
April 121 55,098 67,163 36 28,631 20,502
May 116 83,660 63,759 39 9,156 26,175
June 136 78,810 64,623 45 29,245 39,608
July 134 70,423 87,421 38 11,606 19,131
August 104 189,659 92,091 28 14,721 23,350
September 69 25,492 28,208 26 5,414 5,375
October 90 37,112 33,414 43 2,830 2,727
November 84 124,907 155,905 37 18,881 64,857
December 86 35,239 53,526 48 13,706 17,510
Multiple 7 5,552 3,875 0 0 0
Total 1982 1,374 898,531 968,033 467 196,762 288,153
983
» January 89 30,095 54,207 27 12,361 14,674
February 74 44,430 44,811 35 125,211 23,649
March 72 22,189 46,160 32 7,920 15,169
April 103 81,280 56,642 68 19,565 21,955
May 106 26,647 60,282 66 21,070 13,239
June 71 28,295 55,584 53 6,797 39,127
July 81 36,764 40,512 45 16,244 23,443
August 67 29,471 30,158 48 16,453 20,585
September 61 102,115 95,193 38 11,032 12,146
October 46 18,911 25,910 40 4,510 27,831
November 74 54,433 324,072 54 172,982 286, 263
December 69 29,385 59,448 67 14,431 33,032
Total 913 504,015 892,979 573 428,576 531,113
1984
January 108 306,123 135,498 115 48,518 53,554
February 33 16,049 41,421 23 9,835 47,773
March 59 74,708 82,211 48 24,527 22,488
April 73 65,676 92,920 42 33,269 37,818
May 60 13,147 14,407 38 7,486 10,345
June 67 40,778 555478 37 20,300 24,958
July 41 12,548 32,404 41 13,092 23,846
August 61 35,383 88,022 37 12,820 28,907
September 47 24,141 38,759 48 6,113° > 9,540
October 32 13,932 22,422 27 16,900 26,513
November 35 39,576 36,596 51 13,266 15,554
December 14 856,486 248,940 62 831,297 95,676
Multiple 1 170 575 t) 0) 0)
Total 691 1,498,717 889,653 569 1,037,423 366,972
CONTINUED =-
42



The data in this section are n
foreign persons from January 1)
reported acquisitions for the
acquired and disposed during t

Foreign persons reported that
land covering 1,673,910 acres
(tables 18 and 19). Included

Acquisitions

et figures for U.sS. agricultural land acquired by
through December’ 31, 1985; that is, the.total
period less dispositions data for lands that were
he period.

they acquired 323 parcels. of U.S. agricultural ‘
from January 1 through December 31, 1985
in these acquisitions data are reports filed by

U.S. entities which became foreign during the period. This change occurs when a
significant interest or substantial control in a U.S. entity is subsequently ac-
quired. by a foreign person. Consequently, all of the reported acres are not
necessarily recent land purchases. These acquisitions could include land held
for any length of time by a U.S. entity which recently came within the definition

of a foreign person under the

act.. Such was the case of one large U.S. timber

company with 1,316,796 acres which became. foreign owned. in September 1985.

The reported acquisitions data
understate to some degree the
the reporting period. Because
which to report their acquisit
90 days preceding the December
ceived for processing by USDA.
November, and December are not
distribution of acquisition da)
the year. A further understat
during the reporting period mai
timely filed and/or completed
such reports would not have bei

Concentration of Foreign Acqui;

should be regarded as preliminary in that they
total acreage acquired by foreign persons during
foreign persons have’a statutory 90 days within
‘ons, not all of the acquisitions acquired in the
31, 1985, closing date of this report were re-
Therefore, -a number of reports for October,
included in this report. Table 40 shows that the
ites is skewed toward the first three-quarters of.
ement of the acreage acquired by foreign persons
y. result from transaction reports that are not

py the closing date of this report. Consequently,
en processed for inclusion in this report.

sitions of U.S. Agricultural Land |

Seventy=nine percent of the ac
1985, were in Louisiana, Missi!
The sizeable acquisitions in t)
timber company, with 1,316,796
cept for these four States, the
Maine, New Mexico, and West Vi
ing 349,037 acres. Deleting t
and Washington, foreign acquis)
for'58 percent of. the acres (t

res acquired from January 1 through December 31,
issippi, Oregon, and Washington (table 18).

fese States are: attributable to one large U.S.
acres, which became. foreign owned. in 1985. Ex-
largest number of acres were acquired in: Florida,
ginia, accounting for 76 percent of the remain-

le acreages for Louisiana, Mississippi, Oregon,
ditions were concentrated in the South, accounting
ible 24).

Le

Characteristics of Foreign Own

Type of Foreign Owner. Corpor;

during this period (table 19).
acquired during this period; c
and trusts, 0.2 percent. When!
into account, the total acreag
lent of 1,632,480, but the dis,
ally. the. same.

°

|

‘ations reported acquiring 61 percent of the parcels
Individuals account for 0.8. percent of the acres
‘orporations, 95 percent; partnerships, 4 percent;
| partial interests of foreign investors are taken
e figure drops from. 1,673,910 to an acreage equiva-
jtribution among the types of owners remains virtu-

26


TABLE 28--U.S. FOREST AND OTHER NONAGRICULTURAL LAND ACQUISITIONS
BY COUNTRY OF FOREIGN OWNER, UANUARY 1 - DECEMBER 31, 1985

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

CANADA 4 60,623 1,282
FRANCE 1 1 204 143
GERMANY (WEST) 4 20 63,043 31,970
SAUDI ARABIA 1 1 254 1,450
UNITED KINGDOM 2 2 946 320
SUBTOTAL 2/ 12 29 125,067 35,165
US/BERMUDA 1 4 2,465 1,463
US/CANADA 2 5 5,948 117
US/FRANCE 1 1 83 45
US/SAUDI ARABIA 1 4 982 1,724
US/UNITED KINGDOM 7 68 1,328,536 21,854
US/THIRD TIER 1 4 296 250
SUBTOTAL 3/ 13 86 1,338,310 25,420
TOTAL 25 445 1,463,377 60,585

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.

TABLE 29--U.S. FOREST AND OTHER NONAGRICULTURAL LAND ACQUISITIONS
BY TYPE OF FOREIGN OWNER, JANUARY 1 - DECEMBER 31, 1985

(NUMBER )
: PARCELS WITH
OWNER OWNERS PARCELS ACRES PARTIAL. ACREAGE

REPORTING] REPORTED INTERESTS EQUIVALENT 2/

REPORTED 1/
INDIVIDUAL 5 5 412 ° 412
CORPORATION 15 89 1,399,718 1 1,958,762
PARTNERSHIP 4 20 63,043 ° 63,043
TRUST * 1 1 204 ° 204
TOTAL 25 415 1,463,377 1 1,422,424

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

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

BY THE PERCENTAGE HELD BY THE FOREIGN OWNER.

TABLE 30--FOREIGN ACQUISITIONS OF U.S. FOREST AND OTHER NONAGRICULTURAL
LAND BY SIZE OF ACQUISITION, JANUARY 1 ~ DECEMBER 31, 1985

SIZE OWNERS PARCELS ACRES VALUE

+ (ACRES) REPORTING REPORTED (NUMBER) (1,000

(NUMBER ) (NUMBER ) DOLLARS) 4/

LESS THAN 20 2 2 24 17
20-59 2 2 67 41
60-99 2 2 163 23
100-299 4 8 ast 1,854
300-999 6 17 3,931 3,406
1000 OR MORE 9 B84 1,458,341 55,244
TOTAL 25 115 1,463,377 60,585

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

35


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 agri-
culture. 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 the United Kingdom own 3,069,482 acres, or 50 percent,. of ,
the reported forest landholdings. Foreign persons from Canada hold an additional.
26 percent of the forest land. The size of the U.K. holdings are attributable
to two companies--a U.S./U.K. corporation with 58 parcels covering 1,316,796 .°
acres and a U.S./U.K. corporation and its subsidiaries with 55 parcels covering
1,457,188 acres. . ‘

Foteign persons from West Germany, the Netherlands Antilles, and Canada own the
most cropland, 972,941 acres, or 46 percent. Foreign persons with the next ea)
largest holdings of cropland are from Switzerland and Liechtenstein, with 18 .TM
percent and 6 percent, respectively.

Foreign persons from West Germany and the United Kingdom own 30 percent of the
pastureland, 798,399 acres, followed by foreign persons from Canada and the
Netherlands Antilles with 10 percent each. Foreign persons from Mexico, the
Netherlands, Switzerland, Japan, and Panama own an additional 30 percent, or
794,402 acres.

The. largest group-of owners of other agricultural land are foreign persons from
the Netherlands Antilles and Canada with 14 and’11-percent of. the acres, respec-
tively. They are followed by foreign persons from Switzerland, U.S./Luxembourg
corporations, and foreign persons from West Germany who own 148,584 acres, or.27.
percent. Foreign persons from the Netherlands, Mexico,..France, and the: United:
Kingdom own an additional 139,517 acres, or 26 percent.

Based on reports by foreign. owners who reported owning only forest land or forest
land and other nonagricultural land, these reports.account for 47 percent of all
the foreign-owned U.S. agricultural land (tables 1.and 12)... The remaining 53
percent is primarily farmland, although it includes some forest and/or. other non-
agricultural land commonly reported as part of the farm landholding (table 11).

The average parcel size for parcels with forest land or forest land and other.
nonagricultural land is 2,800 acres (table 12). Except for Maine (with 33 per-
cent of the acreage, the uniqueness of which has been noted previously),. the .
forest or forest and. other nonagriculture acres are concentrated in the West and
South. California, Oregon, and Washington account-for 24 percent of the acres :
reported. Alabama, Georgia, Louisiana, Mississippi, and North Carolina, account «
for another 20 percent. There are also notable holdings in Michigan, Minnesota,
New Hampshire, New York, and Pennsylvania, accounting for another 17 percent of
the acres.

U.S./U.K. corporations own 50 percent of the foreign-owned U.S. forest land or
forest and other nonagricultural lands: (table 13). Foreign persons. from Canada’:
own an additional 26 percent.

Individuals make up the largest. number of owners reporting holdings. of forest.
land or forest and other nonagricultural land but account for only 19. percent~of

21


Concentration of Foreign Ownership of U.S. Agricultural Land

Foreigners have reported acreage holdings in 49 States, Puerto Rico, and Guam
(fig. 1 and table 1). Rhode Island is the only State with no reported foreign-
owned agricultural land. Except for Rhode Island and Maine (described below);
only a small proportion of the privately held agricultural land in each State is ©
foreign owned (fig. 2 and table 1). Deleting the acreage for Maine from the
Northeast data, foreign investment is concentrated in the West and South which
each contain 34 percent of all reported foreign holdings of U.S. agricultural
land (table 9).

Maine has the largest amount of foreign-owned U.S. agricultural land, 1,901,252
acres, or 10.1 percent of the privately owned agricultural land in the State. and
approximately 16 percent of the reported foreign-owned agricultural land in the
United States. Most of the foreign-owned agricultural land in Maine, 1,717,817
million acres, is timber land owned by three large companies. One company owns
various percentage interests in 694,078 acres, another company owns 231,600
acres, and the third company and its subsidiaries, accounting for 792,139 acres, ©
are U.S. companies which are foreign persons because they passed the AFIDA
threshold which defines foreign ownership.

Oregon, Hawaii, and Arizona have the next largest proportions of reported for-
eign-owned agricultural land. to all privately owned agricultural land in their
States. Texas has the second largest amount of foreign-owned acreage, 1,017,382
acres, but only 0.7 percent of the privately owned agricultural land in Texas.

Characteristics of Foreign Owners

Type of Foreign Owner. Individuals are the most common type of owner. They
account for 45 percent of the owners, followed by corporations, 38 percent, and
partnerships, 13 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 48 percent of the parcels and 79 percent of the acreage; indi-
viduals, 35 percent of the parcels and 8 percent of the acreage; partnerships,’
14 percent of the parcels and 12 percent of the acreage; and all others, 3 per-
cent of the parcels and 1 percent of the acreage. When partial interests are

taken into account, foreign-owned acreage drops from 12.1 million acres to 11.1
million, but distribution among the types of owners remains virtually the same.

Corporate-held parcels average 1,527 acres, or 3,183 acres per holder, while
individual-held parcels average 209 acres, or 269 acres per holder. Partnership
holdings average 775 acres per parcel, or 1,386 acres per holder, and all other
holdings average 557 acres per parcel, or 663 acres per holder.

Size of Holding. Holdings are concentrated with smaller acreages held by indi-_
viduals and larger acreages held by corporations (tables 2 and 3). Owners of
parcels with less than 300 acres (66 percent of all of the foreign owners) hold
only slightly more than 3 percent of the land and owners of parcels with 300
acres or more (the remaining 34 percent) hold more than 96 percent of the land
(table 4). Part of this concentration can be explained by the definition of
agricultural land, which includes extensive uses of land such as ranching and


TABLE 40--ACQUISITIONS AND DISPOSITIONS OF FOREIGN-OWNED U.S. AGRICULTURAL LAND, BY DATE
JANUARY 1981 - DECEMBER 1985 --CONTINUED

ACQUISITIONS DISPOSITIONS
DATE PARCELS ‘ACRES VALUE PARCELS ACRES VALUE
REPORTED | (NUMBER) | (1,000 REPORTED | (NUMBER) (1,000
(NUMBER) DOLLARS) 1/ | (NUMBER) DOLLARS) 1/
1985
January 39 113,436 52,482 21 7,174 9,848
February 27 8,801 24,411 15 12,058 10,904
March 25 8,705 71,169 21 5,139 12,539
April 34 11,549 16,555 45 9,043 12,705,
May 28 58,364 19,232 29 2,501 5,951
June 26 18,242 17,043 21 25,971 10,324
July 36 66,297 41,989 22 1,664 °3,017
August 21 7,046 10,707 19 6,969 3,046
September . 67 1,379, 356 19,446 18 190,924 3,733
October 18 4,973 4,568 15 2,911 2,117
November 2 159 1,160 3 878 1,891
December 2 58 388 1 22 1
Total 325 1,676,986 279,150 230 265,254 76,076

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

IMPACTS OF THE NEW REGULATIONS

New AFIDA regulations took affect October 9, 1984. 4/ Included among these new
regulations were changes which raised the threshold reporting level for U.S.
corporations in which there are foreign interest holders and increased the mini-
mum acreage for which reporting is required. Under the old regulations, U.S.
corporations holding agricultural land which were 5 percent or more foreign owned
were required to report as foreign investors. The new regulations raise this
percentage level to 10 percent if held by a single foreign person or a group.of
foreign persons acting in concert and to 50 percent if held by a group of foreign
persons not acting in concert, none of whom individually holds a 10-percent or
greater interest in the U.S. landholding corporation. The old regulations also
required foreign persons to report if they held land in excess of 1 acre in the
aggregate or if the annual gross receipts from such land were $1,000 or more.

The new regulations retain the $1,000 gross receipts level but raise the minimum
reportable acreage to more than 10 acres in the aggregate.

In order to align the existing data base with the new regulations, reports filed
under the old regulations which are not required under the new regulations were
purged from the files. The purged records cover 2,093 parcels, containing
1,023,592 acres, held by 1,084 owners. Ninety-nine percent of the purged acres,
1,016,237 acres in 1,002 parcels, are held by 2 companies and their 19 subsidi-
aries. One company, with 5 subsidiaries, holds 633, parcels covering 693,505
acres and the other company, with 14 subsidiaries, holds 369 parcels covering
322,732 acres. The records for these companies and their subsidiaries were
purged because they are less than 50-percent foreign owned and no foreign person
or persons acting in concert has a 10-percent or greater interest in either
company. Of the remaining 7,355 acres, 2,383 acres in 16 parcels are held by

43


APPENDIX:

REPORT FORM ASCS-153

Form Abproved - OMB No, 051

U.S. DEPARTMENT OF AGRICULTURE

\SCS-153

ASCS-
(08-28-84)

Agricultural Stabilization and Conservation Service

AGRICULTURAL FOREIGN INVESTMENT DISCLOSURE ACT REPORT
ig Instructions on Reverse Before Filling in Any Data Below. If Additional Space

7. TYPE ACTIVITY (See Reverse) (Check one}
A.tand B. Land ©. Lana
Belding CJ] RtRtistion C] & bi%e1t0n C2]

D.tang Use change []  E,Land Use Change To. [—]

the Reverse, ‘To Agrieufture Non-Agrieuiture
TTEM OFFICE Trem
us!
2. Tract Location and Description onty | 5, Type of Interest Held in the Agricultural Land (Check One) | cHEcK
‘A, LEGAL DESCRIPTION OR ASCE TRACT NUMBER : A. Fee Interest (ownership) Whole
. B, Fee Interest (ownership) Partial BHC eny 4
: C, Life Estate 5 :
. ] D, Trust Beneficiary
§, COUNTY OF PARISH NO; OF ACRES E, Purchase Contract
DL STATE F. Other (explain)
‘3 Owner f Tract (in item 2A) (See Reverse)
ALNAME 6. How was this Tract Acquired or Transferred? CHECK
: «A, Cash Transaction
B, 10 NO. (Nine digits) CHECK IF No. 8, Credit or Installment Transaction
. NOT KNOWN: S
TLEGAL ADDRESS (Street, City, State/Province, Country) C. Trade
D. Gift or Inheritance
E, Foreclosure
F. Other (explain)
D. Type of Owner (Check one) CHECK
1, Individual (including husband/wife)
4. Citizenship of Individual | 7. Value of Agricultural Land -
T A. Purchase Price of Land or if a land dispo- |
2, Government (name of country) sition, the original price paid by seller $
3 Organization B. Non-Purchase, Estimated Value at the ]
: ic *
FB rporation Time of Acquisition s
2) Partnership C. What js the estimated current value or it a |
ion, the rice of the
3) Estate tractofland? = §
4) Trust D, How much of purchase price in Item 7A ]
5) Institution remains to be paid? $
6) Association 8, Date of Acquisition or jvensTM per rer
7) Other Transfer (See Reverse)
b. Gov't. or country under whose 9, Current Land Use (Usual use of land. For idle land, °
Jaw the organization is created report as other Agriculture.) Report in Whole Number: ACRES
©. Principal place of business (for |
organizations only) A. Crop
4 Liston separate sheet, the Name, Address and Country of all B. Pasture
foreign persons who individually or in the aggregate hold significant "
interest or subetentael conc) tte person owning the land. £. Forest or Timber,
E. Complete only if item 1C - Land Disposition - is checked D. Other Agriculture
J, NAME OF PERSON RECEIVING TRACT E. Non-Agriculture
F, Total (Should equal 2C)
2 ADDRESS (Street, City, State/Province, Country) "10, Intended Uso as of This Dato (Check Onel CHECK
‘A. No Change
B._ Other Agriculture
CITIZENSHIP Agriculture
usa []_Foreien[_] unknown [_] C_Non-Agriculture -
- 11. Relationship of Foreign Owner to Producer (If applicable) | cnrcn
4, Representative of Foreign Person (completing form, if applicable)
RONAN A, Producer is:
1, Foreign owner
B, ADDRESS (Street, State, Country) 2, Manager
3,_Tenant or sharecropper
B. Rental agreement is:
: C, TELEPHONE NO. (Area Code) 1. Acrop share
D. Relationship of Representative to Foreign Person CHECK
1. Attormey 2. Cash or fixed rent ;
2. Manager 12, The Producer on This Tract is: CHECK
3. Agent ‘A. The same person as when the tract was acquired
4. Other (Explain on Reverse) B. Anew person

13, CERTIFICATION - I certify that the information entered in this report is complete and correct.

Tunderstand that falsification of reporting is subject

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

14, SIGNATURE (Owner or legally authorized representative)

TLE DATE

FOREIGN PERSON COPY

45


TABLE 2--U.S. AGRICULTURAL LANDHOLDINGS BY TYPE OF FOREIGN OWNER,
DECEMBER 31, 1985

(NUMBER)
. PARCELS WITH ACREAGE
OWNER OWNERS PARCELS ACRES PARTIAL
INTERESTS 1/ EQUIVALENT 2/

INDIVIDUAL 3,540 4,554 953,917 499 820,428.
CORPORATION 2,990 6,232 9,518,194 474 8,799,782
PARTNERSHIP 1,037 1,855 1,437,252 258 1,321,943
ESTATE 13 16 2,783 2 2,742
TRUST 248 287 166,626 9 162,016
INSTITUTION . 3 3 1,075 1 1,015
ASSOCIATION 1 2 5,780 2 3,988
OTHER 14 24 8,666 ° 8,666

TOTAL 7,846 12,973. .12,094,293 1,245 11,120,580

i/_ PARCELS WITH pakriac 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.

forestry and intensive uses of land such as orchards and vegetable farms. The
different unit sizes due to differences in use: may also explain part. of the
acreage differences in foreign. held land among the States.

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

Purchase Price and Value of Holdings. As noted earlier under “Type of Foreign
Owner,’ corporations own 79 percent of the acreage. However, corporate purchase
price and nonpurchase price (estimated value)’ at time of acquisition account
for only 68 percent of the total price (table 5). The. average per acre purchase
price and nonpurchase price (estimated value) at time of acquisition was the
lowest for corporations at $6553 followed by individuals, $1,052; partnerships, °
$1,210; and all. others, $1,332.

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 April 1985 for all years prior to 1985

(table 6). The total adjusted current value indicates. a 9-percent decrease from
the reported current value. The adjustment factor was based on the national
average change in farm land value over time. The adjusted. current values are not
presented as absolute values for the foreign-owned land in this report but should
be viewed as approximations of change in value..

The data in table 6 are not intended in any manner to indicate trends over time
in the level of acquisitions by foreign persons. . Acreage owned in the years
listed is the total amount of |land that was reported purchased during that year
and which remained foreign owned as of December 31, 1985. Because land is con-
tinually being disposed by foreign owners or there are changes in status from
foreign to nonforeign or fromjagricultural to nonagricultural, acreage amounts in
each year are decreased by these land dispositions’ or status changes.