the total adjusted current value in table 7 should be a better measure of value
then that of table 6; The total adjusted current value by-State indicates a 1-
percent increase in reported current value.

Country of Origin. Of the 12,418,997 acres of foreign-held agricultural land
Feported by foreign persons, 57 percent is held by U.S. corporations with foreign
interests. The remaining 43 percent is held by foreign persons not connected
with a U.S. corporation (table 8).

U.S. corporations with United /Kingdom (U.K.) interests own the largest amount of
reported foreign-held acres of U.S. agricultural land, 3,531,221 acres, or 28
percent. Adding to this, 381/491 acres owned by foreign persons from the United
Kingdom not connected with a.U.S. corporation raises U.K. ownership to 32 per-
cent of all of the reported foreign-held acres. Foreign persons from Canada and
West Germany own 2,282,710 and 1,219,520 acres, respectively, an additional 28
percent. Foreign persons from the Netherlands Antilles and Switzerland own
755,653 acres (6 percent) and /514,428 acres. (4 percent), respectively. These
five countries of origin own a total of 8,685,023 acres, or 70 percent of all
reported foreign-owned holdings of U.S. agricultural land. Approximately 4 per-
cent of the acreage, 493,167 acres, is owned by unidentifiable Third Tier per-
sons; that is, the acreage isnot attributable to any foreign country of origin
because no foreign country of jorigin is listed through the third tier of owner-
ship.

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, Canada, the Netherlands
Antilles, and Switzerland own|2,687,110 acres or 59 percent of the foreign-held
acres in the South (table 9).| Ten percent of the acreage, 432,280 acres, is
owned by unidentifiable Third|Tier foreign persons. ‘An additional 19 percent,
874,297 acres, is owned by foreign persons from Mexico, France, Liechtenstein,
the Netherlands, Panama, and Bermuda.

In the West, foreign persons from the United Kingdom own more acres than any
other single group--37 percént. Much of the U.K. figure is attributable to one
U.S./U.K. corporation which owns 32 parcels covering 809,289 acres, and to ano-
ther U.S./U.K. corporation and its subsidiaries which own 23 parcels covering
415,868 acres. Foreign persons from West Germany, Canada, the Netherlands, and
the Netherlands Antilles reported owning 1,483,353 acres or 36 percent. An
additional 556,411 acres, or 14 percent, were reported by foreign persons from
Japan, Mexico, Panama, Luxembourg, and Switzerland.

In the Northeast, foreign persons from Canada and the United Kingdom own
2,376,979 acres, or 86 percent of the foreign-held acreage in the region. Sev—
enty percent of this figure, 1,667,736 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-
diaries with 25 parcels covering 973,078 acres.

In the North Central region, foreign persons from Canada, the United Kingdom,
and West Germany reported owning 572,918 acres, or 56 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.

12



Tenure

Removing the 69 parcels covering 1,594,716 acres, foreign owners directly operate
26 percent of the parcels acquired during the period and 26 percent of the

acres, whereas tenants operate 25 percent of the parcels and 40 percent of the
acres (table 32). Managers, however, operate only 13 percent of the parcels and
16 percent of the acres. No responses on tenure were received for 35 percent of
the parcels covering 18 percent of the acres.

Rental agreements were reported for 22 percent of the parcels covering 33 per-
cent of the acres acquired during this period. Of the rental agreements, cash
agreements accounted for 98 percent of the parcels covering 95. percent of the
acres. No responses on rental agreements were received for 52. percent of the
parcels covering 42 percent of the acres.

Tenure Change

Removing the 69 parcels covering 1,594,716 acres, reports for 44 percent of the
parcels acquired during the period indicate no tenure change for 64 percent of

the acreage (table 32). Reports for 27 percent of the acquired parcels, containing
23 percent of the acres, indicated a tenure change. Because the number of acres
affected by new.tenure arrangements was not reported, the acreage may be over-
stated; that is, all of these acres are not necessarily affected by new tenure
arrangements. No responses on tenure change were made for. 29 percent of the
parcels accounting for 14 percent of the acres.

Dispositions, Land-Use Changes, and Changes in Status

Data in this section are derived from reports filed by foreign investors who
disposed of 211 parcels of U.S. agricultural land covering 1,670,073 acres between
January 1 and December 31, 1986. However, the following dispositions discussion
deals only with 142 parcels covering 38,732 of these acres, 2 percent of the

TABLE 32--TENURE OF FOREIGN-OWNED U.S. AGRICULTURAL LAND ACQUISITIONS,
UANUARY 1 - DECEMBER 31, 1986

PARCELS ACRES VALUE
TENURE REPORTED (NUMBER) 1,000
(NUMBER ) , DOLLARS) 1/
CURRENT:
FOREIGN OWNER 59 20,725
MANAGER 30 13,082
TENANT sé 32,178
NO REPORT 148 1,609,021
TOTAL 294 1,675,270 374,810
RENTAL:
crop 1 1,200 240
CASH 49 24,986 103,172
NO REPORT 185 1,628,359 233,931
NOT APPLICABLE 59 20,725 37,467
TOTAL 2394 1,675,270 374,810
INTENDED CHANGE:
NONE 99 51,185 230,421
NEW 60 18,205 32,735
BOTH 1 264 2,080
NO REPORT 134 1,605,616 109,574
TOTAL 294 1,675,270 374,810

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

35


Interest in Land

Removing the 1,594,716 acres and 69 parcels, 86 percent of the parcels, accounting
for 86 percent of the reported acres, were acquired in fee interest whole (table
25). ‘Partial interests were acquired in 6 percent of the parcels, representing

11 percent of the acres.

Method of Acquisition

Removing the 69 parcels covering 1,594,716 acres, 63 percent. of the parcels,
covering 59 percent of the acres, were acquired for "Cash Only" (table 25). This
compares with 7 percent of the parcels, covering 23 percent of the remaining acres,
which were acquired by “Other Method Only."

Land Use

Removing the 69 parcels covering 1,594,716 acres of forest land, most of the
acquired acres were still in forest land, 37 percent (table 26). Cropland,
pasture, and other agricultural land totaled 42,701 acres, or 53 percent of the
remaining acquisitions. 7

Separating out data on reports for only forest land or forest land and other
nonagricultural land shows that 24 percent of the remaining 80,554 acres of
acquisitions are in these two land-use categories (table 27). The bulk of the

TABLE 25--FOREIGN-OWNED U.S. AGRICULTURAL LAND ACQUISITIONS BY TYPE
OF INTEREST, METHOD OF ACQUISITION, AND OWNER-REPRESENTATIVE,
VANUARY. 1 - DECEMBER 31, 1986

(NUMBER )
ITEM PARCELS ACRES
REPORTED
INTEREST:
FEE INTEREST WHOLE 263 1,664,234
FEE INTEREST PARTIAL 1/ 13 8,701
LIFE ESTATE 4 661
TRUST BENEFICIARY 12 1,243
PURCHASE CONTRACT 1 407
OTHER 1 24
TOTAL 204 1,675,270
METHOD OF ACQUISITION:
CASH ONLY 141 47,868
CREDIT ONLY 37 6,866
TRADE ONLY 4 3,287
GIFT/INHERITANCE ONLY 6 148
OTHER METHOD ONLY 85 1,612,951
CASH & CREDIT ONLY 10 2,596
CASH & TRADE ONLY 1 264
CASH & ANY OTHER COMBINATION 2 80
NONCASH COMBINATIONS 1 1,200
TOTAL 294 1,675,270
OWNER-REPRESENTATIVE:
ATTORNEY 62 22,142
MANAGER 106 1,605,422
AGENT 34 22,011
OTHER 95 25,695
TOTAL 294 1,675,270

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.

31


TABLE 30--DISPOSITIONS OF U.S. AGRICULTURAL LAND BY COUNTRY OF FOREIGN OWNER, BY USE,
UANUARY 1 - DECEMBER 31, 1986
(ACRES)
COUNTRY CROPLAND PASTURE FOREST OTHER _|OTHER NON- | NO USAGE TOTAL
AGRICULTURE |AGRICULTURE| REPORTED

AUSTRALIA ° ° 133 ° 144 ° 277
AUSTRIA ° ° 104 ° ° ° 101
BELGIUM ° at 2 ° ° ° 23
BERMUDA 2,300 ° 800 ° 10 ° 3.210
CANADA 1,064 1,727 410 36 261 ° 3,498
CAYMAN ISLANDS 10 ° ° ° ° ° 50
COLOMBIA 66 ° ° 68 ° ° 131
+ FRANCE 0 20 438 ° ° ° 455
GERMANY (WEST) 3,408 322 1,671 303 269 ° 5.973
HONG KONG 28 29 ° ° ° ° 3B
UAPAN 9 670 ° ° ° ° 670
LEBANON 32 40 8 ° ° ° 80
NETHERLANDS ° ° ° 38 12 ° 50
NETHERLANDS ANTILLES 301 198 587 3 145 ° 1,244
PANAMA c) ° ° 20 ° ° 20
SAUDI ARABIA 9) 40 ° ° ° ° 40
SWITZERLAND 3,515 10 ° 1,788 ° ° 5,283
TURKS ISLANDS ° ° 158 ° ° ° 155
UNITED KINGDOM 12 10 4 ° ° ° 26
VENEZUELA 40, ° 471 ° 10 ° 221
THIRD TIER ° ° 239 ° ° ° 239
SUBTOTAL 1/ 10,817 3,087 4,826 2,229 851 ° 21,804
US/CANADA ° ° 862 120 20 ° 1,002
US/CAYMAN ISLANDS ° 1,519 2,595 ° 2,870 ° 6.678
US/GERMANY (WEST) 1,712 ° ° ° 1,982 ° 3,694
US/NETHERLANDS, 37, ° ° ° ° ° 37
US/NETHERLANDS ANTILLES 30 ° 106 16 ° ° 152
US/SWITZERLAND ° ° 19 12 9B ° 128
US/UNITED ARAB EMIRATES| ° 1,518 ° ° ° ° 1,518
US/UNITED KINGDOM et 2,920 1,692,415 ° 86 © 1,694,012
US/VENEZUELA 4 134 ° 10 3 ° 147
SUBTOTAL 2/ 1,870 6.485 1,635,097 158 4,789 © 1,648,269

TOTAL ALL
LAND DISPOSITIONS 12,687 6,872 1,640,823 2,981 5.610 © 1,670,073

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

Trends

The data for 1986 are skewed [toward the first part of the year, whereas the data
for 1981 through 1985 are generally more evenly distributed throughout the year
(table 40). This has also been the case for current year data in past AFIDA
reports. This can be explained primarily in terms of the AFIDA reporting
requirements which 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, unlike the net data in the acquisitions section,

the acquisitions figures here are gross figures; that is, total acquisitions
without reductions for dispositions.

PROGRAM COSTS

Administration of the AFIDA program for obtaining and analyzing the data has
required an estimated 9.4 staff-years at a cost of approximately $318,000 to
USDA for the past year. The|Agricultural Stabilization and Conservation Service
contributed approximately 7.9 staff-years at an estimated cost of $278,000. The
remaining costs and staff-years are attributable primarily to the Economic Re—
search Service, with some contributions by the Office of the General Counsel and
the Office of Governmental and Public Affairs.

40



99,999
10-199,999
10-399,999

2 Qe

o co} oo
2888s

Ssose

SSRBSRS

Proportion of Foreign-Owned Agricultural Land to All Privately Owned Agricultural Land in the

United States, December 31, 1986

State Concentration of Foreign Ownership of Agricultural Land, December 31, 1986



TABLE 9--FOREIGN OWNERSHIP OF U.S. AGRICULTURAL LANOHOLOINGS BY U.S. REGION,
DECEM! oy

BER 31, 1986--CONTINUEL

(NUMBER)
sourn | west NORTHEAST NORTH CENTRAL
COUNTRY
parcets | acres | earcers | acres | parcers | acres | pacers | acres
l
I
UNITED KINGDOM 132 62,501 72 © 91,387 BS 164,086 62 73,517
GUAY 2 3,088 2 320 1 127 4 8.917
° 1 80 3 755 ° °
1 537 33 7,105 2 1,445
° ° ° ° ° °
YUGOSLAVIA 1 1 ° ° 1 160
MULTIPLE 2 1B, B10 3 “1,802 3 426
THIRD TIER 7 86,101 1 178 2 627
SUBTOTAL 1/ 2,402 1,609,685 1,361 1,380,043 1,047 444,781
US/ANDORRA ° °. 1 3,744 ° ° ° °
US/ARGENTINA 2 580 ° ° ° ° 2 3,560
US/AUSTRALIA 2 478 1 37 2 125 3 642
US/AUSTRIA 5 1,280 3° 13,710 1 12 ° °
US/BAHAMAS 13 25,787 13 28,727 3 4,287 4 3,274
‘US/BELGIUM 27 24,006 4 35,397 2 26 8 4,374
'US/BERMUDA 48 28,315 6 7.888 10 1,497 3 430
US/BRAZIL 3 1,717 ° ° ° ° 13 2,352
US/BRITISH VIRGIN
TSLANDS 1,807 3 528 1 cl 7 9.641
US/CANADA 449 305,964 313° 128,714 82 121,233 74 178.371
US/CAYMAN ISLANDS 21 17,138 1 11944 1 260 4 6e8
US/CHINA ° Q) 1 322 ° a) ° °
US/COLOMBIA 8 4,780 ° ° 1 160 ° °
US/DENMARK 3 998 3 846 ° ° ° °
US/ECUADOR 2 1,549 ° ° ° ° ° °
US/EGYPT 4 1,238 2 120 ° ° ° °
US/EL SALVADOR 1 12 ° ° ° ° ° °
US/FINLAND 1 3,047 ° ° ° ° 0 °
US/FRAT 187 141,034 34 8,158 23° 137,548 12 15,100
Us aeeuanv (west) 271 218,399 38 212,628 47 13,526 84 = - 30,863
US/GREECE 1 1,568 2 4,987 ° ° 2 244
US/GUATEMALA 3 412 ° ° ° °
US/GUYANA 2 334 ° ° ° °
US/HONG KONG 4 8.448 4 1.014 ° ° °
US/TRAN 8 1,280 8 1,148 1 1,800 °
US/TRAQ ° ° 2 860 ° ° °
US/IRELAND 8 144 ° ° ° ° °
US/TTALY : 6 4,871 2 1,428 4 675 2
US/UAPAN 29 11,616. 280 13,416 5 1,978 19
US/KOREA (SOUTH) ° ° 1 15 ° ° °
US/KUWAIT 7 718 3 766 1 772 3
US/LEBANON 4 B50 ° ° 2 183 °
US/CIBERIA cy 5,618 3 17,973 7 6,852 °
US/LIBYAN ARAB REPUBLIC ° 3 28 ° ° °
US/LIECHTENSTEIN 36 = 28,221 45 28,173 9 1,735 9
US/LUXEMBOURG, 12 12,301 14 108.408 1 94 5
US/MALAYSIA ° | 1 300 ° ° °
US/MEXICO 18 17,845 14° 72,680 ° ° °
US/NETHERLANDS, 138 © 60.581 188 241,813 19 6,078 251
US/NETHERLANDS ANTILLES 132 175,282 46 0 98,179 5 1,380 28
US/NEW HEBRIDES 1 2,108 1 883 ° ° °
US/NICARAGUA 2 282 ° ° ° ° °
US/NORWAY 3 180 ° ° 2 172 °
US/PANAMA 48 = 24,028 12 29,625 12 4,868 16
US/PHILIPPINES 2 1,193 1 ° ©. ° °
US/PORTUGAL 2 1,683 ° ° ° ° °
US/SAUDI ARABIA 34 4,575 ° ° ° 5 658
US/SOUTH AFRICA 2 9,309 1 ° ° ° °
US/SPAIN 3 3,599 8 1 393 ° °
‘US/SWEDEN 1 3,128 ° 1 107 5 o12
US/SWITZERLAND 177,148,627, 86 = 83,840 29 84,787 51 =. 20,649
US/TAIWAN 1 84 4 4,871 ° ° 1 3,224
US/THATLAND ° ° 3 252 ° ° ° °
US/TRINIDAD & TOBAGO 3 30 ° ° ° ° ° °
jUS/TURKEY 2 443 ° ° ° ° ° °
US/UNITED ARAB EMIRATES 4 1,012 ° ° ° ° ° °
US/UNITED KINGDOM 264 987,999 128 77 1,020,705 167 96,030
US/URUGUAY * 1 | ‘878 ° ° ° 2 621
US/VENEZUELA 46 36,037 1 6 948 ° °
US/MULTIPLE 24 10,085 8 4 17,706 17 142,583
US/THIRD TIER 114 290,686 8 2.84 ° ° 4 1,169
SUBTOTAL 2/ 2,180 2,694,846 1,084 2,494,781 389 1,999,927 771 872,332
TOTAL ALL
LANDHOLDINGS 6,047 4,817,428 3.486 4,104,476 1,720 2,778,970 1,818 1,017,123

4/ TOTAL INTERESTS EXCLUDING U.S.
B/ TOTAL INTERESTS OF U.S. CORPOR,

16

|conroratzons WITH FOREIGN SHAREHOLDERS.
TIONS WITH FOREIGN SHAREHOLDERS.



acreage. For the other 98 percent, 69 parcels covering 1,631,341 acres of forest
land, these are the same parcels omitted from the acquisitions discussion because
the. ultimate control of the land has not changed since the original filing. The
discrepancy of 36,625 acres for these 69 parcels between the disposition figure
(1,631,341) and the acquisition figure (1,594,716), is due to an overstatement in
the original filing.

In addition to the dispositions, there were reports of land-use changes into
agriculture for 2 parcels covering 244 acres and out of agriculture for 1 parcel
covering 114 acres; and reports of changes in status from foreign to nonforeign
for 49 parcels covering 59, 411 acres. Records for 211 parcels covering 1,150
acres were also purged from the files because of changes in the regulations which
took effect October 9, 1984. 5/

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. Deleting the 69 parcels covering 1,631,341--15 parcels and
494,530 acres in Louisana, 24 parcels and 290,944 acres in "Mississippi, 18 parcels
and 527,982 acres in Oregon, and 12 parcels and 317,885 acres in Washington--the
largest amount of acres disposed were in Florida, Nevada, and South Carolina,
accounting for 44 percent of. the dispositions acreage (table 33). The greatest
number of dispositions. occurred in Florida, Georgia, Pennsylvania, and Vermont,
accounting for 56 percent of the parcels but only 29 percent of the acreage.

Transfers by foreign investors to U.S. purchasers accounted for 70 percent of the
parcels and 59 percent of the jacres (table 34). Reports for 15 percent of the
parcels and 16 percent of the |acres indicated that they were transferred to
other known foreign persons. jReports for 13 percent of the parcels covering 24
percent of the acres indicated dispositions to persons of unknown citizenship.

Corporations were the most active type of foreign owner disposing of land-—
accounting for 52.percent of the owners, 63 percent of the parcels, and 71 per-
cent of the acres (table 35).| In comparison, individuals accounted for 27
percent of the owners, 24 percent of the parcels, and 15 percent of the acres.

Size of Disposition. Removing the 1,631,341 acres, the most acreage disposed was
for parcels with 1,000 or more acres, accounting for 73 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
$28,869 per acre compared with $150 per acre for all parcels in the 1,000-or-more-
acres range. Average selling|price of all reported dispositions was $182 per
acre.

Country of Origin. Removing the 69 parcels covering 1,631,341 acres, foreign
persons from West Germany, U. $. /Cayman Islands corporations, foreign persons from
Switzerland not affiliated with a U.S. corporation, and foreign persons from Canada

3/ 29 Fed. Reg. 35,072 (1984); 7 C.F.R. §§ 781.1-.6 (1986). See last year's

report, ERS: Staff Report No. AGES860327 (April 1986) at 43-44, for a discussion
of the impacts of these changes.

36


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, 1986 2. 2. ee ee eee eee eee eee eee ee eene

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

1986 6 6 ww ww ee eee we ee ee eee ee ee eee eee

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

1986 2 ww ee ew eee eee wee ere eer eer ere ere ene

Foreign-owned U.S. agricultural landholdings by size of holding,
December 31, 1986 2. «6 we ee eee eee eee eee eee eer ee

Value of U.S. agricultural landholdings by type of foreign owner,
December 31, 1986 2. 22 ww ewe ee eee nee e ere rere vnne

Value of foreign-owned U.S. agricultural landholdings by date of
acquisition, December 31, 1986 . 2. 2... ee we ee ee eee ere eee

Value of foreign-owned U.S. agricultural landholdings by State,
December 31, 1986 2. 2. 2 eee eee eee reer ene e eee eevee

10

1

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

1986 2. 6 ew we ee eee eee weer eer er eee err e ree ene

Foreign ownership of U.S. agricultural landholdings by U.S. region,
December 31, 1986 . 2. ee ee eee eee eee ese ee eesee

Foreign-owned U.S. agricultural landholdings by type of interest,
method of acquisition, and owner-representative, December 31, 1986 ..

Use of U.S. agricultural landholdings by country of foreign owner,
December 31, 1986 2. 2. eee eee eee eee eee ere eer vvene

U.S. forest and other nonagricultural landholdings of foreign owners
by State, December 31, 1986 2... eee eee eee ere eee evens

U.S. forest and other nonagricultural landholdings by country of
foreign owner, December 31, 1986... eee eee eee eee vo eene

U.S. forest and other nonagricultural landholdings by type of foreign
owner, December 31, 1986 . 2. 2 ee ee eee ere eee eevee eevee

Foreign-owned U.S. forest and other nonagricultural landholdings by
size of holding, December 31, 1986... se eee ee eee eevee

Intended use of U.S. agricultural landholdings of foreign owners,
December 31, 1986 2. 2. 2. 2 eo ee ee eevee eee eee eee eevee

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

1986 wwe ww eee ee ee eee ere rere rere rere eevee

13

15

17

19

21

22

23

23

24

24


Country of Origin. Removing the U.S./U.K. corporation with 1,594,716 acres,
foreign persons not affiliated with a U.S. corporation acquired 57 percent of the

acreage; U.S. corporations with foreign interests acquired the remaining 43
percent (table 23). Foreign persons from the United Kingdom acquired 35 percent
of the acreage, 28,129 acres; followed by West Germany with 22 percent, or 17,918
acres; and Canada and Austria each with 7 percent, or 5,973 and 5,527 acres,
respectively.

TABLE 23--U.S. AGRICULTURAL LAND ACQUISITIONS BY COUNTRY OF FOREIGN OWNER,
UANUARY 1 - DECEMBER 31, 1986

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

ARGENTINA v 1 54 54
AUSTRIA 2 2 5,482 1,839
BAHAMAS 2 2 74 174
BAHRAIN 5 8 853 448
BRAZIL 1 3 366 2,813
CANADA 8 8 3,277 917
CAYMAN ISLANDS 2 4 B60 1,246
ECUADOR 1 1 22 115
FRANCE 2 2 34 115
GERMANY (WEST) 26 33 18,373 18,919
GREECE 6 6 601 552
ISRAEL 1 1 15 88
ITALY | 1 2 398 4,065
JORDAN 1 1 116 360
LEBANON 1 1 59 60
LIBERIA 1 1 120 97
MEXICO 5 5 1,209 2,278
MoROCcCO 1 1 360 1,340
NETHERLANDS 6 8 1,745 2,940
NETHERLANDS ANTILLES 2 2 180 194
PANAMA 2 2 2,457 3,483
SAUDI ARABIA 3 3 1,041 20,261
SINGAPORE 1 1 24: 180
SWITZERLAND 10 "4 2,386 1,629
UNITED KINGDOM 8 8 7,399 19,380
VENEZUELA 1 1 10 99
MULTIPLE 1 1 41,616 267
THIRD TIER 1 1 144 173

SUBTOTAL 2/ 102 417 45,975 84,086
US/AUSTRIA 1 1 45 605
US/BRITISH VIRGIN

ISLANDS 1 1 127 1,474
US/CANADA 8 25 2,696 10,130
US/EGYPT 1 2 389 1,080
US/FRANCE 3 4 2,034 6,738
US/GERMANY (WEST) 3 4 2,545 114,640
US/IRELAND 1 1 232 163
US/JAPAN 2 3 1,283 22,596
US/LIECHTENSTEIN 4 5 1,447 2,912
US/MEXICO 1 1 120 480
US/NETHERLANDS 3 7 306 10,379
US/NETHERLANDS ANTILLES 1 1 316 170
US/SAUDI ARABIA 2 4 168 575
US/SWITZERLAND 8 14 1,104 15,176
US/UNITED ARAB EMIRATES 1 3 291 2,440
US/UNITED KINGDOM 12 98 1,615,446 100,747
US/VENEZUELA 1 1 61 122
US/MULTIPLE 1 1 48 820
US/THIRD TIER 1 1 640 57

SUBTOTAL 3/ 52 177 1,629,295, 290,724
TOTAL ALL

LAND ACQUISITIONS 184 294 1,675,270 374,810

1/ 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.

29


TABLE 8--U.S. AGRICULTURAL LANDHOLDINGS BY COUNTRY OF FOREIGN OWNER,
DECEMBER 31, 1986
(NUMBER)

COUNTRY OWNERS PARCELS ACRES
ARGENTINA 49 86 14,965
AUSTRALIA 13 19 3.654
AUSTRIA 49 70
BAHAMAS, 31 47
BAHRAIN 5 5
BELGIUM 99 121
BELIZE 6 8
BERMUDA 46 62
BOLIVIA 2 2
BRAZIL 4 6 3,441
BRITISH VIRGIN ISLANDS 27 42 92,292
CANADA 41,728 2,141 1,551,428
CAYMAN ISLANDS 46 84 18,637
CHILE 3 3 816
CHINA 5 6 488
COLOMBIA 33 37 16,100
COSTA RICA 9 18 18,664
CUBA 2 2 20
CZECHOSLOVAKIA 4 5 485
DENMARK 17 20 12,877
DOMINICAN REPUBLIC 1 13 2,147
ECUADOR 25 32 1,080
eqyPT 8 8 582
EL SALVADOR 3 3 185
FRANCE 138 161 78,310
GERMANY (WEST) 1,078 1,644 744,104
GREECE 16 19 56,950
GUATEMALA 10 12 884
GUYANA 1 1 35
HONDURAS 4 1 892
HONG KONG 59 89 20,148
INDIA 14 16 1,134
INDONESIA 4 6 824
IRAN a7 30 3,900
IRAQ 2 2 1,690
IRELAND 12 7 11,090
ISRAEL 6 6 991
ITALY 28 40 83,079
IVORY COAST 1 1 119
UAMAICA 2 2 ant
JAPAN at 35 113,040
JORDAN 16 24 2,525
KENYA 1 1 32
KOREA (SOUTH) 3 3 304
KUWAIT 7 8 1,568
LEBANON: 36 53 14,708
LIBERIA 22 28 33,237
LIBYAN ARAB REPUBLIC 1 2 302
LIECHTENSTEIN 116 151 179,738
LUXEMBOURG 6 8 6,199
MALAYSIA 1 4 40
MEXICO 225 304 213,981
Morocco 2 5 1,035
NAMIBIA 1 2 146
NETHERLANDS 467 710 139,678
NETHERLANDS ANTILLES, 419 549 525,329
NEW ZEALAND 2 2 350
NICARAGUA 2 3 1,348
NIGERIA 1 1 14
NORWAY 26 26 7,121
OMAN 2 5 454
PAKISTAN 7 cy 2,174
PANAMA 155 210 187,261
PERU 22 24 535
PHILIPPINES a1 46 2,667
POLAND 1 1 147
PORTUGAL 3 4 786
ST VINCENT 2 4 2,637
SAUDI ARABIA 35 47 28,160
SINGAPORE 8 8 1,928
SOUTH AFRICA 3 4 246
SPAIN 18 16 2,537
SWEDEN 17 23 8,442
SWITZERLAND 398 438 296,555
SYRIA 7 10 4.847
TAIWAN 28 30 3,837
TANZANIA 3 3 20,480
THAILAND 1 1 127
TRINIDAD&TOBAGO 3 3. 1,055
TURKEY 2 2 558
TURKS ISLANDS 8 8 9,212
UNITED ARAB EMIRATES 7 a 2,827

CONTINUED--

13


TABLE 11--USE OF U.S.

AGRICULTURAL LANDHOLDINGS BY COUNTRY OF FOREIGN OWNER,
DECEMBER 31, 1986

19

(ACRES)
COUNTRY CROPLAND PASTURE FOREST OTHER - |OTHER NON- | NO USAGE TOTAL
AGRICULTURE | AGRICULTURE] REPORTED
ARGENTINA 4,826 8,458 794 437 450 ° 14,965
AUSTRALIA 1,058 816 Bet 828 621 50 3,654
AUSTRIA 24,521 2,820 16,056 534 628 ° 44,259
BAHAMAS, 9,502 10,030 7,370 2,393 2,267 ° 31,562
BAHRAIN 849 ° ° ° 4 ° 553
BELGIUM 6,505 84,143 3,180 1,810 1,602 ° 67,250
BELIZE 776 285 232 35 52 ° 1,400
BERMUDA 8,941 16,649 64,296 1,123 2,048 ° 80,087
BOLIVIA 10 ° ° 1 ° ° 1"
BRAZIL 1,936 922 35 416 732 ° 3,444
BRITISH VIRGIN ISLANDS 4,798 4,359 20,295 2,495 345 ° 92,292
CANADA 184,774 179,472 1,054,429 40,858 91,441 454 1,551,428
CAYMAN ISLANDS 9,224 3,862 3,276 1,083 1,222 ° 18,637
CHILE 266 ° ° 250 ° ° B16
CHINA 182 10 27 168 38 ° 485
COLOMBIA 1,138 9,806 37 4,997 122 ° 16,100
COSTA RICA +58e 4,000 ° 2,397 8,678 ° 18,664
CUBA fy ° 3 12 ° ° 20
CZECHOSLOVAKIA 287 183 30 30 15 ° 488
DENMARK 5,352 373 1,902 34 8,216 ° 12,877
DOMINICAN REPUBLIC 2,008 ° ° 1 138 ° 2,147
ECUADOR 207 92 ° 686 65 ° 1,050
EGYPT ait 65 85 92 ° ° 353
EL SALVADOR 57 ° 79 ° 49 ° 185
FRANCE 28,920 23,973 8,739 7,429 6,849 ° 78,310
GERMANY (WEST) 317,254 178,057 187,174 26,863 35,289 Qo = 744, 104
GREECE 913 88.651 174 10 202 ° 86,850
GUATEMALA 168 201 175 35 276 ° 884
GUYANA ° ° ° 38 ° ° 36
HONDURAS 815 17 ° 60 ° ° 892
HONG KONG 2,628 8,206 8,665 8,624 922 ° 20,148
INDIA 437 140 18 608 28 ° 1,191
INDONESIA 180 312 26 283 53 ° 824
TRAN 1,193 593 612 129 1,433 ° 3,900
TRAQ 450 100 ° ° 1,140 ° 1,690
IRELAND 1,487 7,079 20 24 2,480 ° 11,080
ISRAEL 350 955 141 129 16 ° 99
ITALY 20,275 24,475 7,262 8,509 13,558 ° 83,079
IVORY COAST ° ° 80 39 ° ° 119
UAMAICA ° 201 ° 17 3 ° ait
JAPAN 2,628 108,206 933 893 980 Oo 113,040
JORDAN 445 807 319 42 912 ° 2.525
KENYA 32 ° ° ° ° ° 32
KOREA (SOUTH) ° ° 353 a4 ° ° 394
KUWAIT 707 458 125 67 ant ° 1,568
LEBANON 4,855 5,228 1,646 1,555 1,424 ° 14,708
LIBERIA 738 23,022 4,298 ° 5,178 ° 33,237
LIBYAN ARAB REPUBLIC ° 18 ° ° 287 ° 302
LIECHTENSTEIN 105,549 90,762 13,074 18,191 15,162 Oo = 179,738
LUXEMBOURG 1,935 712 2,610 63: 310 ° 6,199
MALAYSIA 40 ° ° ° 40
MEXICO 18,727 152,840 2,559 28,881 10,374 Oo 213,381
MOROCCO 430 83 ° 482 40 ° 1,035
NAMIBIA 142 ° 4 ° 146
NETHERLANDS 51,119 46,385 12,916 17,466 11,782 ° 139,678
NETHERLANDS ANTILLES 220,947 184,947 62.434 62,387 26.844 © = 825,328
NEW ZEALAND 160 95 ° ° 95 ° 350
NICARAGUA ° 940 248 60 100 °
NIGERIA ° ° ° ° 14 °
NORWAY 8,608 667 80 251 815 °
OMAN 120 126 126 43 39 °
PAKISTAN 2,138 ° ° ° 33 °
PANAMA 47,811 88,273 18,762 8,278 24,147 °
PERU 294 143 2 100 59 °
PHILIPPINES 898 228 213 648 °
FOLAND 72 BO ° ° °
PORTUGAL 497 200 ° 14 °
ST VINCENT 205 1,042 10 60 °
SAUDI ARABIA 12,415 1,496 7,141 4,445 °
‘SINGAPORE ° ° 34 B46 °
SOUTH AFRICA 62 ° 164 20 °
SPAIN 1,017 119 182 191 °
SWEDEN 2,099 209 865 199 °
SWITZERLAND 63.758 29,471 94,121 31,617 °
SYRIA 2,819 133 370 77 °
TAIWAN 1,375 260 480 seB °
TANZANIA 8,000 1,034 170 4,938 °
THAILAND , ° 7 ° ° °
TRINIDAD & TOBAGO 988 ° ° 37 °
TURKEY , 159 ° 116 ° °
TURKS ISLANDS 1,100 1,632 172 20 °
UNITED ARAB EMIRATES 287 100 1,986 22 °

CONTINUED-~


FOREIGN OWNERSHIP OF U.S. AGRICULTURAL LANDHOLDINGS BY U.S. REGION,

DECEMBER 31, 1986
(NUMBER)
SOUTH ' WEST NORTHEAST “| NORTH CENTRAL
COUNTRY
PARCELS :|. ACRES | PARCELS | AcRES | PARCELS | ACRES | PARCELS | ACRES

ARGENTINA 43 7,728 8 5.107 5 2,190 ° °
AUSTRALIA 10 2,099 4 1,998 2 25 3 192
AUSTRIA 48 22,267 T 18.880 3 106 12 3,336
BAHAMAS 35. 5,253 7 16,500 3 469 2 8,340
BAHRAIN ° ° ° ° cI 853
BELGIUM 36° 12,780 56 51,817 20 1,119 8 1,524
BELIZE 4, (189 1 25 ° ° 3 1,216
BERMUDA 17° ‘83,828 4 856 10 2,664 at 2,708
BOLIVIA 2 14 ° ° ° ° °
BRAZIL 5 1,286 1 2.155 ° ° °
BRITISH VIRGIN ISLANDS 29 7.138 4 4,243 6 7,998 3 12,913
CANADA 367 © 103,454 781 318.714 817 1,070,055 206 - 61,305
CAYMAN ISLANDS 33° 10,461 7 1,782 1 74 13 6,320
CHILE 2 276 ° ° ° ° 1 240
CHINA 3 130 2 263 ° ° 1 92
COLOMBIA 36 16,000 ° ° ° ° 1 100
COSTA RICA : 14 7,824 1 10,840 ° ° ° °
CUBA 2 20 ° ° ° ° °
CZECHOSLOVAKIA 2 30 ° ° ° 3 485
DENMARK 3, 208 @ = 10,322 5 45 4 1,802
DOMINICAN REPUBLIC 4 68 ° ° ° ° e 2,078
ECUADOR 32 1,080 ° ° ° ° ° °
EGYPT 6 414 a 97 ° ° 1 42
EL SALVADOR 3 185 ° ° ° ° ° °
FRANCE 82 24,710 35 32,886 22 0 12,808 42 4,799
GERMANY (WEST) 745 © 924,652 383 242,905 146 040,718 370 138,832
GREECE 7 84,783 1 1217 2 116 ro 834
GUATEMALA a 328 ° ° 4 826 ° °
GUYANA 1 35 ° ° ° ° ° °
HONDURAS 14 892 ° ° ° ° ° °
HONG KONG 46 8.364 32 8,649 8. 2,468 3 667
INDIA 8 852 7 856 1 23 ° °
INDONESIA 5 772 1 82 ° ° ° °
IRAN 6 500 10 977 6 1,444 8 1,278
IRAQ 1 850 ° ° 1 1,140 ° °
IRELAND 12 7,086 1 3,600 ° ° 4 434
ISRAEL 2 364 1 61 1 188 2 407
ITALY 19 79,011 12 2,706 4 756 5 60s
IvoRY COAST ° ° ° °. 1 119 ° °
UAMAICA 2 ant ° ° ° ° °
UAPAN 4 470 29 112,470 ° ° 2 100
YORDAN 1" 833 8 1,402 2 229 3 61
KENYA 1 32 ° ° ° ° ° °.
KOREA (SOUTH) 2 368 1 26 ° ° ° °
KUWAIT 2 432 2 224 1 217 3 625
LEBANON 27 7.005 9 2,559 5 764 12 4,386
LIBERIA 8 1,520 14-28. 988 6 5,605 1 114
LIBYAN ARAB REPUBLIC 1 15 ° ° 1 287 °
LIECHTENSTEIN 68 117,952 SO | 84,634 18 2,288 18 4:B84
LUXEMBOURG 7 5,694 2 505 ° ° °
MALAYSIA 4 40 ° ° ° ° ° °
MEXICO 275 ° 170,408 18 © 40,662 7 1,189 4 4,124
MOROCCO ° ° 1 3 a 515 1 160
NAMIBIA 2 146 ° ° ° ° oo
NETHERLANDS 152 86,462 467 58,413 38 = 10,193 56 13,610
NETHERLANDS ANTILLES, 305 227,884 149 244,287 46 © 10, 180 49° 42,908
NEW ZEALAND ° ° 2 350 ° ° ° °
NICARAGUA 3 1,348 ° ° ° ° ° °
NIGERIA 1 14 ° ° ° ° ° °
NORWAY 3 644 2 340 ° ° 21 6.137
OMAN 4 192 1 262 ° ° °
PAKISTAN ° ° 9 2,171 ° ° °
PANAMA 151 92,504 40 83.681 12 4,208 7 6.688
PERU 20° 205 1 Bt 1 15 2 234
PHILIPPINES, 12 877 a4 1,634 ° -0 3 156
POLAND ° ° ° ° 1 447 ° °
PORTUGAL ° ° 3 ant 1 385 ° °
ST VINCENT 3 1,318 ° ° 1 1,319 ° °
SAUDI ARABIA 36 8.698 7 18,956 ° ° 4 505
SINGAPORE 2 64 5 1,384 1 480 ° °
SOUTH AFRICA 1 17 2 20 1 209 ° °
SPAIN 6° 1,403 7 849 ° ° 3 . 585
SWEDE! 10 993 3 5,598 1 4 8 1,847
SWITZERLAND . 272 | 142,288 64 = 80, 124 83 18,617 BO 24.816
SYRIA 7 4,319 1 194 2 334 ° °
TAIWAN 13 1,946 15 1,758 ° ° 2 736
TANZANIA 3 20,480 ° ° ° ° ° °
THAILAND 1 127 ° ° ° ° ° °
TRINIDAD & TOBAGO 2 67 1 ses ° ° ° °
TURKEY ° ° 1 38 ° ° 1 820
TURKS ISLANDS o - ° 8 set: 2 1,771 2 750
UNITED ARAB EMIR. 8 2.827 ° ° ° ° °

15

. °
CONTINUED-~


000

Most of the acres acquired during this period were in the South and West (table
24). Removing the acreage for the U.S./U.K. corporation with 785,439 acres in
the South and 809,279 acres in the West reveals that the South had most of the
remaining acquisitions--51, 169 acres, or 64 percent of the balance of 80,554
acres. Of this 51,169 acres,|42 percent was acquired by foreign persons from.the
United Kingdom and 25 percent) by foreign persons from West Germany. In the West,
of the balance of 18,797 acres, foreign persons from Austria not affiliated with
a U.S. entity acquired 24 percent of the acres and foreign persons from Canada
acquired 17 percent.
TABLE 24--FOREIGN OWNERSHIP OF U.S. AGRICULTURAL LAND ACQUISITIONS BY U.S. REGION,
UANUARY 1 ~ DECEMBER 31, 1986 .
(NUMBER) .
|
SouTH WEST NORTHEAST NORTH CENTRAL
COUNTRY -
PARCELS ACRES PARCELS ACRES PARCELS ACRES PARCELS ACRES
REPORTED REPORTED REPORTED REPORTED .
ARGENTINA ° ° ° ° 1 B4 °
AUSTRIA 1 1,002 1 4,480 ° ° °
BAHAMAS 2 74 ° ° ° ° °
BAHRAIN ° ° ° ° ° ° 5s 553
BRAZIL 3 366 ° ° ° ° ° °
CANADA 1 ai 3 2,907 3 34 4 25
CAYMAN ISLANDS 1 231 ° ° ° ° 3 * 629°
ECUADOR 1 22 ° ° ° ° ° 0
FRANCE 1 10 ° ° ° ° 1 24
GERMANY (WEST) 24 10,643 1 2,300 4 1, ose 4 1,370
GREECE ° ° ° ° ° 6 601
ISRAEL 1 16 ° oO ° 3 ° °
ITALY ° ° 2 398 ° ° ° °
JORDAN: 1 116 ° ° ° ° ° °
LEBANON ° ° ° 1 69 ° °
LIBERIA ° ° ‘ 120 ° ° ° °
MEXICO 3 1,931 q 51 1 27 ° °
moROCCO ° ° 1 360 ° ° ° °
NETHERLANDS 7 1,003 1 742 ° ° ° °
NETHERLANDS ANTILLES 2 180 ° ° ° ° ° °
PANAMA 2 2,487 ° ° ° ° ° °
SAUDI ARABIA 3 1,041 ° ° ° ° ° °
SINGAPORE 1 24 ° oO ° ° ° °
SWITZERLAND 8 444 2 1,842 ° ° 1 100
UNITED. KINGDOM 2 3,803 2 2,375 4 1,621 ° °
VENEZUELA 1 10 ° ° ° ° ° °
MULTIPLE ° ° ° ° 1 1,616 ° °
THIRD TIER 1 144 ° ° ° ° ° °
SUBTOTAL 1/ 66 22,727 15 15,575 18 4,974 at 3,902
US/AUSTRIA 1 45 ° ° ° ° ° °
US/BRITISH VIRGIN
TSLANDS 1 127 ° ° ° ° ° °
US/CANADA 16 1,879 1 259 ° ° 8 558
Usveayny 2 389 ° ° ° ° ° °
US/FRANCE 2 1,884 2 180 ° ° ° °
US/GERMANY (WEST) 3 2,138 1 407 oO ° ° °
USA TRELANO 1 232 ° ° ° ° ° °
‘US/JAPAT 2 1,279 ° ° ° ° 1 4
US/LEECHTENSTEIN 3 1,070 1 200 ° ° 1 177
US/MEXICO ° ° 1 120 ° ° ° °
US/NETHERLANDS ° ° 1 172 ° ° 6 134
US/NETHERLANDS ANTILLES 1 316 ° ° ° ° ° °
US/SAUDI ARABIA 2 49 ° oO ° ° 2 119
US/SWITZERLAND 8 508 6 693 ° ° ° °
US/UNITED ARAB EMIRATES 3 291 ° ° ° ° ° °
US/UNITED KINGDOM 63 803,595 35 809,930 9 1,893 1 28
US/VENEZUELA 1 61 ° ° ° ° °
US/MULTIPLE 1 48 ° ° ° ° ° °
US/THIRD TIER ° ° 1 640 ° ° ° °
SUBTOTAL 2/ 100 | 813,881 49 812,601 ° 1,893 19 1,020
TOTAL ALL :
LAND ACQUISITIONS 166 836,608 64 828,076 24 6,264 © 40 4,322
4/ TOTAL INTERESTS EXCLUDING U/S. CORPORATIONS WITH FOREIGN SHAREHOLDERS.
B/ TOTAL INTERESTS OF U.S. CORPORATIONS WITH FOREIGN SHAREHOLDERS.
30



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

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

listed is the total amount of jland that was reported purchased during that year
and which remained foreign owned as of December 31, 1986. Because land is con-
tinually being disposed by foreign owners or there are changes in status from
foreign to nonforeign or from |agricultural to nonagricultural, acreage amounts in
each year are decreased by these land dispositions or status changes.
>
TABLE G--VALUE OF FOREIGN-OWNED U.S. AGRICULTURAL (LANDHOLDINGS:
BY DATE OF ACQUISITION, DECEMBER 31, 1986
ACRES nh ACRES
WITH PURCHASE - , WITH ‘NON-
DATE PARCELS ACRES PURCHASE, PRICE. 1/ NON- PURCHASE.
ACQUIRED (NUMBER) NUMBER ) PRICE (1,000... PURCHASE PRICE 1/
REPORTED DOLLARS) © PRICE (1,000
(NUMBER) REPORTED DOLLARS)
. (NUMBER)
1986 294 1,675,270 1,653,626 243,381 21,644 131,429
1985 . . 485 464,499 282,427 380,390 182,072
1984 602 1,455,140 1,936, 126, 733,052 119,014
1983 682 434,621 400,848 642,050 33,773
1982 1,009 761,270 499,785 707,128 261,485
1981 1,501 989,908 951,658 1,139,550 38,250
1980 1,475 1,001,223 967,853 1,240,443 33,370
1979 1,789 1,309,201 1,249,751 1,508,981 59,450
1978 1,318 607,543 595,810 865,054 11,733
1977 800 571,885 558,826 442,466 13,059
1976 535 481,599 402,052 234,278 78,847
1975 323 222,739 219,609 118,781 3,130
1974-70 1,030 , 839,479 481,234 347,098 58,245
1969-60 748 1,025,840 926,583 142,238 99,257
BEFORE 1860 374 857,311. 746,664 42,253 110,647
NO REPORT 9 21,468 21,468 10,320 °
TOTAL 13,071 [2,418,897 11,294,321 8,767,460 1,124,676
: |
se ACRES. REPORTED ‘ ADJUSTED
. WITH] CURRENT CURRENT P
CURRENT. VALUE 2/ ; . VALUE 3/ ‘
VALUE (4,000 . (1,000
REPORTED - DOLLARS) ; DOLLARS)
(NUMBER)
1986 : 1,675,270 473,303 473,303
1985 464,461 448,442 418,715
1984 1,454,935 947,110 ° 786,101 *
1983 433,213 676,387 520,818
~ 1982 . . 789,344 7 834,039 625,529
1981 + . 977,246 1,313,334 932.467
1980 895,967 1,096,966 822,725" ¢
1978 4, 166,237 - 1,326,049 1,113,661 |
1978 816,010 837,963 703,889
1977 - | 422,661 629,180 - 528,511
1976 . 417,778 285,722 240,006
1975 : 152,830 149,628 125,688
1974-70 376,820 441,056 370,487
1969-60 , 560,232 248,674 206,366
- BEFORE 1860 288,995 118,303 99,375
NO REPORT 21,309 21,364 17,946
TOTAL 10,603,309 9,841,520 7,985,807

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 FEBRUARY 1, ‘1986. | REPORTED CURRENT VALUE
FOR HOLDINGS ACQUIRED IN 1986 IS UNADJUSTED. 7

10



name or address of the foreign person must also be reported within 90 days of

such changes.
possible civil penalty of up
interest held in the land in

In accordance with ‘section 7
available for public inspecti:
by the Secretary. Section 6
tary transmit to each State ¢
land in that State.

For this report, the term "ho.
by foreign persons as of Dece
curred in 1986, the terms “ac
cultural lands acquired or di
terms are used as the titles
reported under the act.

“Agricultural land" is define
forestry, or timber productio

Failure to comply with AFIDA subjects the foreign owner to a

‘to 25 percent of the fair market value of the
question.

cf the act, completed report forms are made

on in Washington, DC, within 10 days of receipt
of the act requires that every 6 months the Secre-
ompleted report forms for foreign-owned agricultural

Definitions

idings” applies to all U.S. agricultural land owned
mber 31, 1986. For those transactions which oc~
guisitions” and "dispositions" refer to U.S. agri-
sposed of, respectively, by foreign persons. These
for the subsequent sections analyzing the data

din the act as all land used for agricultural,
mn. The regulations further define agricultural

land as all land used for farming, ranching, forestry; or timber and include

currently idle land if its la
ranching, forestry, or timber
cultural land not more than 1
ceipts from the sale of farm,
do not exceed $1,000.

AFIDA requires reporting “any

st use within the past 5 years was for farming,

| production. The regulations also exempt all agri-
Q acres in the aggregate if the annual gross re-
ranch, forestry, or timber products from such land.

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 or I-551 (green card) is considered
lawfully admitted for permanent residence and is exempt from the requirements

of the act. Foreign governments, entities which are created under the laws of
or have their principal place|of business in a foreign country, and U.S. entities
in which there is a significant foreign interest or substantial control are also
defined as. foreign persons under the act.

For this study, individuals are defined as one person or a husband and wife. The
“partnership” category includes all legally defined partnerships, joint ventures,
and tenancies in common 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



Removing the one corporate owner with 69 parcels covering 1,594,716 acres, corpo-
rations acquired an average of 381 acres per parcel, or. 709 acres per owner,
compared with individuals who acquired an average 226 acres per parcel, or 263
acres per holder. Partnerships reported acquisitions averaging 465 acres per
parcel, or 523 acres per owner, and ‘trusts 516 acres per owner and parcel.

The largest acreage acquired by individuals during the period was reportéd for
New Mexico (table 20). Except for Louisiana, Mississippi, Oregon, and Washing-
ton, organizations reported acquiring the largest acreage in South Carolina and
Georgia.

Size of Acquisition. The largest number of owners reported their acquisitions in
the range of 100 to 999 acres (table 21). Removing the 1,594,716 acres and 69
parcels, owners of parcels with 1,000 acres or more (15 percent of the owners)
acquired approximately 69 percent of the acres and owners of parcels with less
than 1,000 acres (85 percent of the owners) acquired the remaining 31 percent of’
the acres. All parcels of 1,000 or more acres accounted for 70 percent of the
total value. The value per acre, however, is concentrated in the reports of
holders of less than 20 acres--$22,053 per acre, compared with $158 per acre for
holdings of 1,000 or more acres. :

TABLE 20--FOREIGN OWNERS OF U.S. AGRICULTURAL LAND ACQUISITIONS BY STATE,
JANUARY 1 - DECEMBER 31, 1986

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

ALABAMA 2 75 3 645
ARIZONA ° ° 1 172
ARKANSAS 1 165 ° °
CALIFORNIA 2 1,102 8 4,278
COLORADO 1 1,660 5 5,901
CONNECTICUT 1 59 ° °
FLORIDA "4 430 12 6,660
GEORGIA 3 787 21 10,443
ILLINOIS ° ° 4 633
INDIANA ° ° 2 205
KENTUCKY 2 378 5 1,885
LOUISIANA ° ° 16 494,802
MAINE ~ 1 147 ° °
MARYLAND 2 325 2 738
MICHIGAN 1 24 ° °
MINNESOTA ° ° 2 80
MISSISSIPPI ° ° 26 201,947
MISSOURI ° ° 6 478
NEVADA ° ° 1 200
NEW HAMPSHIRE ° ° 1 680
NEW MEXICO .2 2,351 5 480
NEW YORK 1 32 1 80
NORTH CAROLINA ° o ° 18 5,263
OHIO ° ° 8 1,203
OREGON ° °. 20 528,564
PENNSYLVANIA ° ° 7 1,133
SOUTH CAROLINA 4 661 10 15,966
SOUTH DAKOTA ° ° 4 1,154
TENNESSEE 2 201 3 244
TEXAS 4 1,491 10 2,168
VERMONT 4 103 4 2,370
VIRGINIA 4 840 7 2,632
WASHINGTON 1 1,682 18 281,689
WISCONSIN 1 100 °

TOTAL 87 12,883 237 1,662,387

27


Tenure

Tenants and foreign owners operate 39 percent and 28 percent of the parcels of
foreign-held U.S. agricultural land, respectively, whereas managers only operate
10 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
26 percent of the acres while foreign owners directly operate 44 percent ‘and
managers 7 percent. No respnses on tenure were received for the remaining 23
percent of the acres. .

Rental agreements were reported for 5,507 parcels, or 42 percent, covering 28
percent of. the acres. Of the jrental agreements, cash agreements accounted for
65 percent and cropshare. agreements for 33 percent of the parcels.

TABLE 16--INTENDED USE OF U.S. AGRICULTURAL LANDHOLDINGS OF FOREIGN OWNERS,
. DECEMBER 31, 1986 ‘

(NUMBER)
ITEM no [Hance OTHER OTHER .NON- NOT TOTAL
AGRICULTURE | AGRICULTURE| REPORTED

INDIVIDUAL: :

PARCELS REPORTED 4,042 173 178 65 4,459

ACRES [857,664 63,647 49,168 8,710 979,189
ORGANIZATION:

PARCELS REPORTED 6,944 946 24,472 160 8,612

ACRES 10/573, 848 235,061 413,811 217,088 11,439,808
TOTAL:

PARCELS REPORTED 10,986 519 1,381 215 13,071

ACRES 14,491,512 298,708 | 462,979 225,798 12,418,997

‘TABLE .17--TENURE OF FOREIGN-OWNED
U.S. AGRICULTURAL LANDHOLDINGS,
DECEMBER 31, 1986

(NUMBER)
requRE PARCELS ACRES
|
CURRENT:
FOREIGN | OWNER 3,706 8,481,299
MANAGER 1,258 826,593
TENANT 8.118 3,209,664
NO :REPORT 2,981 | 2,891,469
TOTAL 13,071 12,418,997
RENTAL: |
CROP 1,824 728,728
CASH . 3,596 2,622,285
BOTH 80 88,997
NO ‘REPORT 3,858 3,487,687
NOT APPLICABLE 3,706. 5,481,209
TOTAL 13,071 12,418,997
INTENDED CHANGE:
NONE... 5,636 8,622,441
NEW 4.176 3,377,753
BOTH 44 58,823
NO REPORT 3,215 3,359,980
TOTAL 13,071 12,418,997

24



Table

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

36.

37.

38.

39,

40.

January 1-December 31, 1986 . 1 2 2 ee we we ew we we rw wwe

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

disposition, January 1-December 31, 1986

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

January 1-December 31, 1986... 2... 2s

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

by U.S. region, January 1-December 31, 1986 . 2.2. ee ee ee eveve

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

by use, January 1-December 31, 1986 2.» ee ee er eee ven e

Acquisitions and dispositions of foreign-owned U.S. agricultural

land, by date, January 1981-December 1986

vii

37

38

38

39

40

41


Table

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

26

27

28

28

29

30

31

32

33

33

34

18.
January 1-December 31, 1986... ee ee eee ce ee tee nae
19. U.S. agricultural land acquisitions by type of foreign owner,
January 1-December 31, 1986... ee eee eee cee eee evenves
20. Foreign owners of U.S. agricultural land acquisitions by State,
January 1-December 31, WBE ee ee ee ee ee ee ee
21. Foreign-owned U.S. agricu: tural land acquisitions by size of acqui-
sition, January 1-December 31, 1986 ......e008ceeeeeae .
22, Value of U.S agricultural |land acquisitions by type of foreign owner,
January 1-December 31, 1986 wee ee ee eee eee ee ee eee
23. U.S. agricultural land acquisitions by country of foreign owner,
January 1-December 31, 1986. 2... ee eee een een eevee
24, Foreign ownership of U.S. |agricultural land acquisitions by U.S.
region, January *rPecenber 31, 1986 2 ew wee we we eee eee
25. Foreign-owned U.S. agricultural land acquisitions by type of interest,
method of acquisition, and owner-representative, January 1-
December 31, 1986. ee elec ee ee ee ke ee ee ee we eee
26. Use of U.S. agricultural land acquisitions by country of foreign
owner, January 1-December 31, 1986 . . 2.2 eee ee eee eevee
27. U.S. forest and. other nonagricultural land acquisitions of foreign
owners by State, January 1-December 31, 1986 2... ew ewe wens
28. U.S. forest and other nonagricultural land acquisitions by country of
foreign owner, January 1-December 31, 1986 «we ew wee ere eene
29, U.S. forest and other nonagricultural land acquisitions by type of
foreign owner, January 1-December 31, 1986 .....eseeeeeec
30. Foreign acquisitions of U.S. forest and other nonagricultural land by
size of acquisition, January 1-December 31,1986 . 2... see eeee
31. Intended use of U.S. agricultural land acquisitions of foreign owners,
Jahuary 1-December 31, 1986 2 6 ww eww reer eee ee eee ne
32. Tenure of foreign-owned U.S. agricultural land acquisitions,
January 1-December 31, 1986... 2 we we eer eee ee cece
33. Dispositions of U.S. agricultural land by type of foreign owners, by
State, January 1-December 31, 1986 wee ew ee we ewe wee ee
34, Dispositions of U.S. agricultural land by foreign owners, by citizen-

ship of purchasers, January 1-December 31, 1986... 2. ee ee eee

vi

34

35

37

37


Table 7 adjusts reported current value by State for the same reasons given in

the discussion of table 6.

Because the reported current value in table 7 is

adjusted by each State's average annual change in farmland value, the total
adjusted current value will differ from that of table 6.
all-land values in table 6:would have changed at the national average. Therefore,

TABLE 7--VALUE OF FOREIGN-OWNED U.S. AGRICULTURAL LANDHOLDINGS
BY STATE, DECEMBER 31, 1986

Simply explained, not

ACRES REPORTED ADJUSTED
REPORTED WITH CURRENT CURRENT
STATE AND ACRES VALUE 4/ CURRENT VALUE 2/ VALUE 3/
U.S. TERRITORY (NUMBER) (1,000 VALUE (1,000 (1,000
DOLLARS) REPORTED DOLLARS) DOLLARS)
(NUMBER )
ALABAMA 118,909 284,554 162,678
ALASKA 258 416 193
ARIZONA 335,303 189,065 287,990
ARKANSAS 170,999 153,087 133,043
CALIFORNIA 1,980,036 825,103 1,993,225
COLORADO 448,399 407,833 340,520
CONNECTICUT 8,386 1,014 5,447
DELAWARE 13,445 5,110 9,080
FLORIDA 1,026,022 315,479 1,079,419
GEORGIA 864,016 563,881 508,353
GUAM ° °
HAWAII : 35,526
IDAHO 16,736
ILLINOIS 124,846
INDIANA 37,233
IOWA 25,987
KANSAS 285,330
KENTUCKY 108,821
LOUISIANA 186,940
MAINE 280,456
MARYLAND 105,682
MASSACHUSETTS
MICHIGAN
MINNESOTA
MISSISSIPPI
MISSOURI
MONTANA
NEBRASKA
NEVADA
NEW HAMPSHIRE
NEW JERSEY
NEW MEXICO
NEW YORK

NORTH CAROLINA
NORTH DAKOTA
OHIO

OKLAHOMA
OREGON
PENNSYLVANIA
PUERTO RICO
SOUTH CAROLINA
SOUTH DAKOTA
TENNESSEE
TEXAS

UTAH

VERMONT
VIRGINIA
WASHINGTON
WEST VIRGINIA
WISCONSIN
WYOMING

TOTAL

216,031
43,647
76,997

1,018,812
67,310

108,016

121,955

424,088

120,663

19,655
75,299

12,418,997

175,067
15,651
84,748
1,689,480
77,561
63,340
224,895
196,338
39,353
25,117
19,330

9,703,734

205,583
38,628
71,467

893,513
44,489

102,587
95,991

364,033

120,084
15,187
21,499

10,603,309

15,484

9,841,520

4,159
148,451
9,997
47,086
1,895,922
136,677
105,867
207.461
258,188
35,245
15,998
12,645

9,708,709

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

ACQUISITION.

2/ REPORTED CURRENT VALUE REFLECT!
3/ REPORTED CURRENT VALUE ADUJUSTE!

ID TO FEBRUARY 1, 1986.

HOLDINGS ACQUIRED IN 1986 IS UNADUUSTED.

11

'S VALUE at TIME OF REPORTING AFTER FEBRUARY 1, 1979.
REPORTED CURRENT VALUE FOR


Foreign Ownership of U.S. Agricultural Land
Through December 31, 1986

J. Peter DeBraal

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

INTRODUCTION
Foreign individuals and entities reported owning 12.4 million acres of U.S.
agricultural land as of December 31, 1986. This is slightly less than 1 percent
of all privately owned U.S. agricultural land and approximately 0.5 percent: of
all land in the United States.

Summary of the Act and Regulations

The Agricultural Foreign Investment Disclosure Act of 1978 (AFIDA), 1/ as 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
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

*General attorney, Natural Resource Economics Division, Economic Research
Service. Gertrude Butler and Joyce Su provided the data processing assistance.

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

2/ 7 C.F.R. §§ 781.1-.5 (1986). See 7 C.F.R. §§ 2.21(b)(34), .27(b)(15),
-65(a) (34), and .85(a)(15) (1986) for the delegation of authority.


Interest in Land

Of the 13,071 parcels of foreign-held U.S. agricultural land, 82 percent of the
parcels, accounting for 84 percent of the reported acreage, is held in fee inter-
est whole (that is, the owner holds the estate in its entirety). Partial inter-
ests are held in another 9 percent of the parcels 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. 4/ Leases are treated separately because they represent
a totally different type of interest. Questions on value, tenure, and method of
acquiring land do not apply because the report form was not devised to deal with
leases. The U.S. Department of Agriculture (USDA) has received 375 reports
covering a net total of 994,524 acres of leased land. Timber land accounts for
663,521 acres, or 67 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

TABLE 10--FOREIGN-OWNED U.S. AGRICULTURAL LANDHOLDINGS
BY TYPE OF INTEREST, METHOD OF ACQUISITION,
AND OWNER-REPRESENTATIVE, DECEMBER 31, 1986

(NUMBER)
ITEM PARCELS ACRES
INTEREST:

FEE INTEREST WHOLE 10,713 10,378,748
FEE INTEREST PARTIAL 1/ 1,233 1,568,344
LIFE ESTATE : 42 8,244
TRUST BENEFICIARY 210 115,866
PURCHASE CONTRACT 788 287,658
OTHER 85 60, 137
TOTAL 13,071 12,418,997

METHOD OF ACQUISITION:
CASH ONLY 5,747 4,133,459
CREDIT ONLY 4,625 2,430,590
TRADE ONLY 296 205,178
GIFT/INHERITANCE ONLY 364 235,857
FORECLOSURE ONLY : 25 19,331
OTHER METHOD ONLY 594 3,001,297
CASH & CREDIT. ONLY 1,168 1,200,976
CASH & TRADE ONLY 66 739,170
CASH & ANY OTHER COMBINATION 46 72,774
NO REPORT Boy bat 72 51,367
NONCASH COMBINATIONS 68 239,001

vee
TOTAL 19,071 12,418,997

OWNER-REPRESENTATIVE:
ATTORNEY... | 3,675 3,090,682
MANAGER 2,231 3,508,934
AGENT 1,374 1,048,305
OTHER 3,018 2,690,726
FOREIGN OWNER 2,513 1,734,421
NO REPORT 260 345,929
TOTAL 13,071 12,418,997

1/ 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:

‘477 C.F.R. § 781.2¢e) (1986)

17


@ Sas Foreign Ownership of
oa U.S. Agricultural Land
ae Through December 31,
1986 |

J. Peter DeBraal


TABLE 40--ACQUISITIONS ANO DISPOSITIONS OF FOREIGN-OWNED U.S. AGRICULTURAL LAND, BY DATE
UANUARY 1981 - DECEMBER 1986-Cont inued

| ACQUISITIONS DISPOSITIONS
DATE
PARCELS ACRES VALUE PARCELS ACRES VALUE
REPORTED (NUMBER) (1,000 . REPORTED (NUMBER) (1,000
(NUMBER) DOLLARS) 1/ (NUMBER) DOLLARS) 1/
1986
- JANUARY 26 7,857 24,017 "1 2,781
FEBRUARY 18 4,946 4,703 10 678
MARCH 27 22,608 37,629 a 14,135
APRIL 33 8,082 128,347 15 4,846
MAY 87 1,600,036 90,815 76 1,692,442
JUNE 30 13,826 32,560 21 1,088
vULY 24 7,429 22,643 13 6.229
AUGUST 20 1,988 7,762 18 7,785
SEPTEMBER 18 7,578 28,997 13 1,124
OCTOBER 10 1,986 678 16 935
NOVEMBER 6 750 1,310 8 1,009
DECEMBER ° ° ° 1 14
TOTAL 1986 1,677,083 379,870 ant 1,670,073 78,844

A/ VALUE IS PURCHASE PRICE

OR NONPURCHASE

42

PRICE (ESTIMATED VALUE).


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

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

The data in this report should|be viewed in light of the foregoing caveats and
those accompanying the tables.| Reporters' errors must also be considered in
reviewing this study. Resulting data deficiencies are noted and highlighted as
appropriate. The “No Report" Gategory in the tables means that a response to
the particular question was not made. Note that the acreage figures reported do
not mean that they are wholly owned by foreign investors. Of the 12.4 million
foreign-owned acres, 57 percent are owned by U.S. corporations in which there is
a significant interest or substantial control by foreign persons (table 8). In
addition, a number of acres aré owned only in part by foreign investors. See,
for example, table 2, which gives the acreage equivalent for those foreign owners
reporting partial interests in| the real estate. These partial interests reduce
the 12.4 million acres of foreign holdings of U.S. agricultural land to an equi-
valent of 11.4 million acres.

ANALYSIS OF DATA REPORTED UNDER THE ACT
Holdings

Data in this section are derived from the 13, 071 reports filed by foreign persons
who held land as of December 31, 1986. These report forms account for 12,418,997
acres of all U.S. agricultural|land. This is an increase of 368,945 acres over
the 12,050,052 acres foreign owmers reported last year. 3/ This 368,945-acre
increase 18 less than the 1, 675, 270 acres acquired during 1986, as reported in
the acquisitions discussion. Dispositions for 1986, acreage reductions for
foreign persons whose status changed to nonforeign, and acquisitions reported

in 1986 for previous years are|the reasons for this occurrence.

Concentration of Foreign Ownership of U.S. Agricultural Land

Foreigners have reported acreage holdings in 49 States, Puerto Rico, and Guam
(table ;1 and fig. 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 (table 1 and fig: 2). Deleting the acreage for Maine from the
Northeast data, foreign investment is concentrated in the South and West which
contain 36 and 33 percent, repectively, of all reported foreign holdings of U.S.
agricultural land (table 9).

3/ The 12,094,273 acres report in last year's report overstated the amount of
foreign-held U.S. agricultural|land and has been adjusted downward to 12,050,052
acres.



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
inone 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
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." Where foreign shareholders with
a.significant interest or substantial control are from a number of countries,
none of which predominates, the report is processed as "U.§./Multiple." If three
or more tiers of U.S. corporations are listed with no foreign interest indicated,
the report is processed as "U.S./Third Tier." Noncorporate entities with U.S.
interests are processed under the predominant country of: origin.

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


disposed of 67 percent of the acreage (table 37). Most, of the dispositions occurred
in the South, 48 percent of the parcels covering 63 percent of the acres (table 38).
Foreign persons from West Germany, U.S./Cayman Islands corporations, and foreign

TABLE 36--DISPOSITIONS OF FOREIGN-OWNED.U.S. AGRICULTURAL’ LAND
BY SIZE OF DISPOSITION, UANUARY 1 - DECEMBER 31, 1986

|
OWNERS PARCELS SELLING

SIZE REPORTING REPORTED ACRES PRICE
(ACRES) (NUMBER) (NUMBER ) (NUMBER )

(1,000
DOLLARS) 1/

LESS THAN 20 20 22 199
20-59 18 32 613 ;
60-99 8 27 628
100-299 17 32 2,904
300-999 "1 14 + 6,013 :
1000 OR MORE "1 84 1,659,716

TOTAL a5 2ut 1,670,073

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

TABLE 37--DISPOSITIONS OF U.S. AGRICULTURAL LAND BY COUNTRY OF FOREIGN
OwNeR, UANUARY 1 ~ DECEMBER 31, 1986

OWNERS PARCELS SELLING
COUNTRY REPORTING | REPORTED ACRES PRICE
(NUMBER ) (NUMBER) (NUMBER )

(1,000
DOLLARS) 1/

AUSTRALIA 1 9 277 212
AUSTRIA 1 1 101 55
BELGIUM 1 1 23 12
BERMUDA 2 2 3,210 2,218
CANADA 13 15 3,498 1,703
CAYMAN ISLANDS 1 1 . 50 2,750
COLOMBIA 2 2 131 602
FRANCE 3 4 455 95
GERMANY (WEST) 14 14 5,973 8,730
HONG KONG 1 1 5B 554
JAPAN 1 1° 670 15,075
LEBANON 2 2 80 1,548
NETHERLANDS 2 2 50 62
NETHERLANDS ANTILLES 5 5 1,244 8,252
PANAMA 1 1 20 1
SAUDI ARABIA 1 1 40 198
SWITZERLAND 3 5 5,283 1,170
TURKS ISLANDS 1 1 155 100
UNITED KINGDOM 2 2 26 35
VENEZUELA 1 4 221 107
THIRD TIER 1 1 239 310

SUBTOTAL 2/ 59 78 21,804 . 43,798
US/CANADA 5 12 1,002 1,156
US/CAYMAN ISLANDS 1 5 6,678 12,500
US/GERMANY (WEST) 2 2 3,694 10,959
US/NETHERLANOS 2 4 a7 2,124
US/NETHERLANDS ANTILLES 2 2 152 3,486
US/SWITZERLAND . 3 "4 129 377
US/UNITED ARAB EMIRATES 1 1 1,518 1,500
US/UNITED KINGDOM - 8 97 1,634,912 226,480
US/VENEZUELA 2 2 147 1,530

SUBTOTAL 3/ 26 136 1,648,269 260,112
TOTAL ALL

LAND DISPOSITIONS | 85 214. 1,670,073 303,910

1/ SELLING PRICE 1s| vatue AT TIME OF DISPOSITION.

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

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

38



Concentration of Foreign Acquisitions of U.S. Agricultural Land

Deleting the acreages for Loudletens, Mississippi, Oregon, and Washington, the
largest number of acres were acquired in Colorado, Florida, Georgia, and South
Carolina, accounting for 53 percent of the remaining 80,554 acres (table 18).
Sixty-four percent of these acres, 51,169 acres, are concentrated in the South >
(table 24).

Characteristics of Foreign Owners

Type of Foreign Owner. Of end 225 parcels and 80,554 acres, corporations reported
acquiring 60 percent of the parcels and 63 percent of the acres (table 19).
Individuals account for 16 percent of the acres; partnerships, 10 percent; and
trusts, 10 percent. When partial interests of foreign investors are taken into
account, the 80,554 acres drop to’ an acreage equivalent of 74,343, but the
distribution among the types of owners remains virtually the same except for
trusts. .

TABLE 18--U.S. AGRICULTURAL LAND ACQUISITIONS OF FOREIGN OWNERS BY STATE,
| VaNUaRY 4 - DECEMBER 31, 1986

STATE VALUE STATE VALUE
AND U.S. ACRES (1,000 US.. ACRES (1,000
TERRITORY (NUMBER ) DOLLARS) TERRITORY (NUMBER) DOLLARS)
1 RE
I

ALABAMA "720 877 {MISSOURI 451
ARIZONA 472 10,361 -|NEVADA 529
ARKANSAS 165 123 [NEW HAMPSHIRE 260
CALIFORNIA 5,377 41,095 |NEW MEXICO 1,345
COLORADO 7.561 3,033 |NEW YORK 166
CONNECTICUT 59 60 |NORTH CAROLINA 113,546
FLORIDA 7,080 27,041 |OHIO 1,901
GEORGIA 11,200 13,493 |OREGON 92,342
ILLINOIS 633 1,783 | PENNSYLVANIA 44
INDIANA 208 442 |SOUTH CAROLINA 6,586
KENTUCKY 2,263 7,993 |SOUTH DAKOTA 1,000
LOUISIANA 494,502 23.116 | TENNESSEE 1,642
MAINE 147 125 | TEXAS 16,675
MARYLAND 1,060 2,493 | VERMONT 953
MICHIGAN 24 25 [VIRGINIA 26,686
MINNESOTA 80 415 |WASHINGTON 24,787
MISSISSIPPI 201,947 13,958 |WISCONSIN 64
TOTAL 1,675 5270 374,810

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

TABLE 19--U.S. AGRICULTURAL LAND ACQUISITIONS BY TYPE OF FOREIGN OWNER,
UANUARY 1 - DECEMBER 31, 1986 :

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

REPORTING] REPORTED INTERESTS EQUIVALENT 2/

REPORTED 1/
INDIVIDUAL 49) 87 12,883 2 12,661
CORPORATION 73 203 1,645,766 4 1,645,398
PARTNERSHIP 16 18 8,366 3 8,005
TRUST 16 16 8,255 4 2,995
TOTAL 154 294 1,675,270 13 1,669,059

A/ PARCELS WITH pakTIAL 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.

| 26



REPORT FORM ASCS-153

Form Approved - OMB No,

APPENDIX:
AgeE 158 aliens Subiiention ond Comeeaice eevice

AGRICULTURAL FOREIGN INVESTMENT DISCLOSURE ACT REPORT
NOTE: Road Instructions on Reverse Before Filling in Any Dete Below. If Additional Spece

Needed, Use Reverse,

1, TYPE ACTIVITY (See Reverse) (Check one)
A.tand
Higinn

D. Lang Use Change

‘To Agricutture Non-Apricultura

5

. Land C. tang
P Retianon CL) & b8Se0n

E. Land Use Change To o

1TEM Onrice TTEM
2, Tract Location and Description onty | 6, Type of Interest Hold in the Agricultural Lend (Gheck One)_] cHEcK
‘A, LEGAL DESCRIPTION OF ABCE TRACT RUMDER ‘A Fee Interest (ownership) Whole
8. Fee Interest (ownership) Partial PeHCenT 4
C. Life Estate
D. Trust Beneficiary
BL COUNTY OF FARTS HO-OF ACH! E. Purchase Contract
D STATE F. Other (explain)
‘3. Owner of Tract (in item 2A) (See Reverse)
A, NAME 6. How was this Tract Acquired or Transferred? CHECK
‘A. Cash Transaction
BID NO. (Nine digitey Teneek ir wo. oO B, Credit or Installment Transaction
NOT KNOWN he
CLEGAL ADDRESS (ireel, 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/sife)
4. Citizenship of Individual | 7, Velue 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 eeller $
8, Organization B. NonPurchase, Estimated Value at the |
PR rporati on Time of Acquisition $
2) Partnership C. What js the estimated current value or if a ]
3) Estate land disposition, the elling price of the |g
4) Trust D, How much of purchase price in Item 7A ]
3) Institution remains to be paid? $s
6) Association 'B. Dote of Acquisition or prorre Pp aaa
7) Other Transfer (See Reverse)
B. Gov't or country under whose | 8, Current Land Use (Usual use of land, For idle land, Acres
law the organization is created report as other Agriculture.) Report in Whole Num!
© Principal place of business (for |
‘organizations only) A. Crop
4. List on separate sheet the Name, Address and Country of all B, Pasture
foreign persons who individually or in the aggregate hold significant :
ineren or abstanta conor aria ere caning the ea C. Forest or Timber
E. Complete only if tem 1C - Land Disposition - ls checked D. Other Agriculture
T. NAME OF PERSON RECEIVING TRACT E._Non-Agriculture
F, Total (Should equal 2C)
2. ADDRESS (Street, City, State/Province, Country) 10, Intended Use es of This Date (Check One] CHECK
‘A. No Change
B. Other Agriculture
Scrrizensnir Agri
usa [1] roreien[] _unxnown [] C_Non-Agrsulture :
‘T1. Relationship of Forewn Owner to Producer (if epplicable) | curr
4. Represontative of Foroign Person (completing form, if epplicable)
ANaMe ‘A. Producer is:
1, Foreign owner
& ADoness (Street, State, Country) 2. Manager
3, Tenant or sharecropper
B. Rental agreement is:
(C. TELEPHONE NO. (Area Code) 1, A crop share
D. Relationship of Representative to Foreign Pereon cHEeK
1, Attomey 2, Cash o fixed rent
2. Manager 12. The Producer on This Tract fs: CHECK
3. Agent ‘A. The same person ax when the tract was acquired
4 Other (Explain on Reverse) B. Anew person

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

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

Junderatand that falsification of reporting is subject

14, SIGNATURE (Owner or legally authorized representative)

TITLE

DATE

FOREIGN PERSON COPY

43


Tenure Change

No tenure changes were reported for 43 percent of the parcels, or 45 percent

of the acres (table 17). Reports for 32 percent. of the parcels containing 27
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 acrés 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 27 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--40
percent of the parcels covering 35 percent of the acres were reported as having
no changes and 41 percent of the parcels covering 36 percent of the acres 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, 40 percent of the parcels covering 29 percent
of the acres.

Acquisitions

The data in this section are net figures for U.S. agricultural land acquired by
foreign persons from January 1 through December 31, 1986; that is, the total
reported acquisitions for the period less dispositions data for lands that were
both acquired and disposed during calendar year 1986.

Foreign persons reported that they acquired 294 parcels of U.S. agricultural
land covering 1,675,270 (tables 18 and 19). However, the following acquisitions
discussion will deal only with 5 percent or 80,554 of these acres and 225 par-
cels. The other 95 percent, 1,594,716 acres of forest land in 69 parcels, were
previously reported as foreign owned--494,495 acres in Louisiana, 290,944 in
Mississippi, 528,552 acres in Oregon, and 280,725 acres in Washington. These
acres were transferred in 1986 to a U.S./U.K. corporation by another U.S./U.K.
corporation which had previously reported them and was controlled by the same
United Kingdom interest as the new owner. Thus, ultimate control of the land
did not actually change.

The reported acquisitions data should be regarded as preliminary in that they
understate to some degree the total acreage acquired by foreign persons during
the reporting. period. Because foreign persons have a statutory 90 days within
which to report their acquisitions, not all of the acquisitions acquired in the
90 days preceding the December 31, 1986, closing date of this report were re-
ceived for processing by USDA. Therefore, a number of reports for October,
November, and December are not included in this report. Table 40 shows that the
distribution of acquisition dates is skewed toward the first three-quarters of
the year. A further understatement of the acreage acquired by foreign persons
during the reporting period may result from transaction reports that are not
timely filed and/or completed by the closing date of this report. Consequently,
such reports would not have been processed for inclusion in this report.

25


SUMMARY

Foreign persons reported that |they owned 12.4 million acres, or slightly less
than 1 percent, of privately owned U.S. agricultural land (farmland and forest—
ry) as of December 31, 1986. |This figure is 369,000 acres larger than the figure
at the end of 1985, These and other findings are based on an analysis of reports
submitted to the U.S. Department of Agriculture under the Agricultural Foreign
Investment Disclosure Act of 1978.

Information received at the time of reporting shows that forest land accounts for
52 percent of all foreign-owned acreage, cropland for 17 percent, pasture and
other agricultural land for 26 percent, and nonagricultural and unreported uses
for 5 percent.

Corporations own 79 percent of the holdings acreage; partnerships, 11 percent;
and individuals, 8 percent. The remaining 2 percent is held by estates, trusts,
associations, institutions, and others.

U.S. corporations, in which foreign persons have a significant interest or sub-
stantial control, reported owning 57 percent of all the foreign-held acreage.
The remaining 43 percent was reported as being held or acquired by foreign
persons not affiliated with a J.S. corporation. .

A number of parcels are owned only in part by foreign investors; that is, the
foreign interest in some parcels is less than 100 percent, with the remaining
percentage. being owned, for example, by a U.S. partnership. When the 12.4

million acres are adjusted for, these partial interests, the total foreign-owned
acreage drops to an equivalent) of 11.4 million acres.

Foreign persons from the United Kingdom, Canada, West Germany, the Netherlands
Antilles, and Switzerland account for 70 percent of the foreign-held acreage.

The largest number of acres owned by foreign persons was reported in Maine.
Foreign holdings in Maine account for 10 percent of Maine's privately owned
agricultural land. These holdings represent 15 percent of all the reported
foreign-owned agricultural land nationwide. Three companies own 91 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 South and West which
contain 36 and 33 percent, respectively, of the holdings. Rhode Island is the only
State with no reported foreign-owned agricultural land.

Foreigners do not appear to be|taking purchased agricultural land out of produc—
tion. No change in intended use at the time of filing was reported for 92 per-
cent of the acreage. No change in tenure was reported for 45 percent of the

acres while some change was reported for 27 percent of the acres. Wo responses
regarding tenure change were received for the remaining 27 percent of the acres.

Data gathering and analysis cost the U.S. Department of Agriculture approximately
$318,000 for 1986.

viii



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

ECEMBER 31, 1986--CONTINUED
(Nune:

ER)
COUNTRY OWNERS PARCELS ACRES
UNITED KINGDOM 240 924 381,491
URUGUAY 7 r 12,489

«S.S.R. 2 4 635
VENEZUELA 104 148 27,267
VIETNAM 1 1 152
YUGOSLAVIA 3 3 1,024
MULTIPLE 49 67 20,702
THIRD TIER 6 462 198,491

SUBTOTAL 1/ 6,120 8,677 8,317, 101
US/ANDORRA: 1 1 3,741
US/ARGENTINA 2 4 4,140
US/AUSTRALIA 7 8 1,283
US/AUSTRIA 7 9 15,012
US/BAHAMAS 14 33 62,045
US/BELGIUM 24 at 63,803
US/BERMUDA 18 67 38, 160
US/BRAZIL 3 16 4,068
US/BRITISH VIRGIN :

ISLANDS, 7 18 12,156
US/CANADA 268 918 1731, 282
US/CAYMAN ISLANDS 19 27 19,417
US/CHINA 1 t
US/COLOMBIA 8 6

+ US/DENMARK 5 6
US/ECUADOR 2 2
US/EGYPT 4 6
US/EL SALVADOR 1 4
:US/F INLAND 2 1
US/FRANCE 67 226
US/GERMANY (WEST) 200 att
. US/GREECE 4 8
US/GUATEMALA 2 3
US/GUYANA 1 2
US/HONG KONG 7 8
US/TRAN 7 "
US/IRAQ 1 2
US/TRELAND 3 5
US/TTALY 12 14
US/JAPAN 82 82
US/KOREA (SOUTH) 1 1
US/KUWAIT 6 14
US/LEBANON 8 6
US/LIBERIA 18 19
US/LIBYAN ARAB REPUBLIC ‘2 3
US/LIECHTENSTEIN 60 99
US/LUXEMBOURG 24 32
US/MALAYSIA 1 1
US/MEXICO 23 20
US/NETHERLANDS 93 896
US/NETHERLANDS ANTILLES 126 ait
US/NEW HEBRIDES 2 2
US/NICARAGUA 1 2
US/NORWAY 3 8
US/PANAMA 89 a8
US/PHILIPPINES, 3 3
Us/PORTUGAL 2 2
US/SAUDI ARABIA 5 39
US/SOUTH AFRICA 2 3
US/SPAIN 8 13
US/SWEDEN 9 17 4,147
US/SWITZERLAND 155 343 277,873
US/TAIWAN 43 43 +849
US/THAILAND 1 a 252
US/TRINIDADSTOBAGO 2 3 30
US/TURKEY 1 2 443
US/UNITED ARAB EMIRATES 1 4 1,012
US/UNITED KINGDOM 161 637 3,831,221
US/URUGUAY 3 3 1,199
US/VENEZUELA 30 53 38,485
US/MULTIPLE 32 BO 177,138
US/THIRD TIER 19 127 204,676

SUBTOTAL 2/ 1,648 4,394 7,101,896
TOTAL ALL

LANDHOLDINGS, 7,768 13,071 12,418,997

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

14



Owners of parcels with less than 1,000 acres, 67 percent of the owners, reported
acquiring 60 percent of the parcels covering only 21 percent of the forest or
forest and other nonagricultural lands (table 30). The remaining 33 percent of
the owners, owning parcels with 1,000 or more acres, reported acquiring 40 per-
cent of the parcels covering 79 percent of these lands.

TABLE 27--U.S. FOREST AND OTHER NONAGRICULTURAL LAND
ACQUISITIONS OF FOREIGN OWNERS BY STATE,
UANUARY 1 - DECEMBER 31, 1986

STATE PARCELS ACRES VALUE
AND U.S. REPORTED (NUMBER) (14,000
TERRITORY (NUMBER ) DOLLARS) 1/

ALABAMA 2 58 16
CONNECTICUT 1 so 60
FLORIDA 2 1,460 802
GEORGIA 9 8,951 5,680
LOUISIANA 15 494,495 22,996
MAINE 1 747 125
MINNESOTA 2 80 415
MISSISSIPPI 24 280,944 12,944
NEW HAMPSHIRE 1 680 260
NORTH CAROLINA 3 692 319
OHIO 2 30 3
OREGON 20 528,564 32,342
SOUTH CAROLINA 3 1,965 414
TENNESSEE 1 16 9
TEXAS 1 61 122
VERMONT 3 2,402 565
VIRGINIA 1 155 388
WASHINGTON 13 282,407 19,422

TOTAL 104 1,613,766 96,882

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

TABLE 28--U.S. FOREST AND OTHER NONAGRICULTURAL LAND ACQUISITIONS
BY COUNTRY OF FOREIGN OWNER, JANUARY 1 - DECEMBER 31, 1986

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

ARGENTINA 1 1 84 54
AUSTRIA 1 1 1,002 607
CAYMAN ISLANDS 1 1 231 52
GERMANY (WEST) 7 7 7,679 4,962
LEBANON 1 1 59 60
SWITZERLAND 1 1 1,682 900
UNITED KINGDOM 2 2 1,479 369
MULTIPLE 1 1 1,616 267
THIRD TIER 1 1 144 173

SUBTOTAL 2/ 16 16 13,946 7,444
US/CANADA 2 4 138 431
US/EGYPT 1 1 155 368
US/NETHERLANDS 1 2 30 3
US/NETHERLANDS ANTILLES 1 1 316 170
US/SAUDI ARABIA 1 1 16 9
US/SWITZERLAND 1 1 54 26
US/UNITED KINGDOM 4 77 1,898,050 88,289
US/VENEZUELA 1 1 61 122

SUBTOTAL 3/ 12 88 1,599,820 89,438
TOTAL 28 104 1,613,766 96,882

i/ 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.

33


Intended Use

Removing. the 1,594,716 acres, reports for the remaining. acquisitions indicated no
change in land use for 94 percent of the. acres (table 31).
other agricultural use and nonagricultural use were reported for holders of the

remaining 6 percent of the acquired acres.

Intended changes. to

Because the form asks for. changes..by

parcels and not acres, all of these acres may not be affected by the indicated

changes.

TABLE 28--U.S.

FOREST AND OTHER NONAGRICULTURAL LAND ACQUISITIONS

BY TYPE OF FOREIGN OWNER, JANUARY 1 - DECEMBER 31, 1986

(NUMBER )
PARCELS WITH
OWNER OWNERS PARCELS ACRES PARTIAL ACREAGE
REPORTING] REPORTED INTERESTS | EQUIVALENT 2/

REPORTED 1/
INDIVIDUAL 6 6 2,806 ° 2,806
CORPORATION 15 91 1,601,785 ° 1,601,785
PARTNERSHIP 3 3 2,163 ° 2,163
TRUST 4 4 7,012 4 1,752
TOTAL 28 104 1,613,766 4 1,608,506

A/ PARCELS WITH
ONLY. IN PART BY THE

LESS THEN 100

PERCENT.

PARTIAL INTERESTS ARE THOSE PARCELS WHICH ARE OWNED

FOREIGN INVESTOR; THAT IS, A PERCENTAGE INTEREST

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, 1986

SIZE OuNERS PARCELS ACRES VALUE
(ACRES) REPORTING REPORTED (NUMBER) (4,000
(NUMBER) (NUMBER) DOLLARS) 1/
|

LESS THAN 20 1 1 16 9
20-59 5 7 255 159
60-99 2 3 144 537
100-289 5 5 794. 7169
300-999 5 5 2,878 1,605
41000 OR MORE 10 83 1,609,682 93,803
TOTAL 28 104 1,613,766 96,882

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

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

JANUARY 1 - DECEMBER 31, 1986
(NUMBER )
ITEM ho CHANGE OTHER OTHER NON- | NO REPORT TOTAL
. AGRICULTURE | AGRICULTURE

INDIVIDUAL:

PARCELS REPORTED 52 2 3 ° 57

ACRES 12,423 369 91 ° 12,883
ORGANIZATION:

PARCELS REPORTED 205 19 10 3 237

ACRES 1,657,759 3,704 743 181 1,662,387
TOTAL:

PARCELS REPORTED 257 21 13 204

ACRES 1,670, 182 4,073 834 181 1,675,270

34



20

TABLE 11--USE OF U.S. AGRICULTURAL LANDHOLDINGS BY COUNTRY OF FOREIGN OWNER,
DECEMBER 31, 1986--CONTINUED
(AcRES)
COUNTRY: CROPLAND paBTURE FOREST OTHER _|OTHER NON- | NO USAGE TOTAL
AGRICULTURE | AGRICULTURE] REPORTED

UNITED KINGDOM 76,119 116,137 164,658 14,552 10,028 Oo 384,491
URUGUAY 3,020 7,916 480 ° 1,033 ° 12,459
U.S.S.R. 204 130 177 55 269 ° 835
VENEZUELA 10,045 5.145 5,350 2,540 4,187 ° 27,267
VIETNAM ° ° _ 152 ° ° ° 152
YUGOSLAVIA 928 ° “10 ° 86 ° 1,024
MULTIPLE 7,966 10,794 6,298 2,042 2,665 ° 29,702
THIRD TIER set 387 197,391 105 17 Oo 198,491

SUBTOTAL 1/ 1,310,445 1,450,602 1,807,016 313,721 334,813 504 5,317,101
US/ANDORRA 200 3,841 ° ° ° °
US/ARGENTINA 701 3,194 40 ° 208 °
,US/AUSTRALIA 348 304 348 87 229 °
US/AUSTRIA 1,905 12,525 554 ° 28 °
US/BAHAMAS 18,560 30, 108 4,204 10,260 1,826 °
US/BELGIUM 16,599 35,104 8,662 1,586 1,882 °
US/BERMUDA 1,807 ° 4,986 18,251 7,740 11,976 °
US/BRAZIL 3,448 ° ° 301 320 °
US/BRITISH VIRGIN

ISLANDS 789 689 10,275 204 199 °
US/CANADA 52,620 81,148 812,931 22,864 61,719 °
US/CAYMAN ISLANDS 13,858 1,378 1,423 1,948 809 °
US/CHINA 316 ° ° ° 6 °
US/COLOMBIA 284 4,576 50 ° ° °
US/DENMARK 262 235 1,301 10 6 °
US/ECUADOR ° 1,549 ° ° ° °
US/EGYPT 825 295 408 113 17 °
US/EL SALVADOR 12 ° ° ° ° °
US/F INLAND ° ° 2,875 ° 72 °
US/FRANCE 27,494 92,684 215,621 16,132 9,909 °
US/GERMANY (WEST) 110,983 270,693 31,882 14,084 47,404 380
US/GREECE 23 3.591 ° ° 3,215 °
US/GUATEMALA ° 392 ° 20 ° °
US/GUYANA ° ° ° 334 ° °
US/HONG KONG 1,499 5.319 ° ° 27 °
US/IRAN 1,183 1,047 805 7 402 °
US/IRAQ 800 ° ° ° 160 °
US/IRELAND 121 362 9 249 3 °
US/ITALY 3,958 1,271 814 671 951 °
US/JAPAN 11,696 1,971 11,074 1,561 4,049 °
US/KOREA (SOUTH) ° 63 ° ° 12 °
US/KUWAIT 163 315 172 613 89 °
US/LEBANON 200 140 133 209 21 °
US/LIBERIA 2,224 18,882 4,830 1,067 3,470 °
US/LIBYAN ARAB REPUBLIC ° ° 277 3 °
US/LIECHTENSTEIN 36,862 4,744 8,019 3,548 12,317 °
US/LUXEMBOURG 12,038 47,710 4,811 46,503 7.811 °.
US/MALAYSIA ° ° 300 ° °
US/MEXICO 3,477 17,497 1,032 6,147 2,372 °
US/NETHERLANDS 6.347 154,843 77,181 21,278 36,189 °
US/NETHERLANDS ANTILLES 74,408 120,783 14,930 11,022 9,181 °
US/NEW HEBRIDES 1,300 1,599 ° ° 158 °
US/NICARAGUA ° 242 40 ° ° °
US/NORWAY 66 30 140 5B 88 °
US/PANAMA 22,349 22,316 7,937 3,298 1,580 °
US/PHILIPPINES 780 59 ° "0 385 °
US/PORTUGAL 1,429 151 ° ° 103 °
US/SAUDI ARABIA 2,738 5.125 4,670 . ° 2,700 °
US/SOUTH AFRICA 1,345 3,138 178 50 50 °
US/SPAIN 2,297 1,931 1,568 142 15 °
US/SWEDEN 2.615 319 143 344 732 \3
US/SWITZERLAND 94,917 64,751 81, 182 23,451 13,572 °
US/TAIWAN 8.110 300 2,938 ° 100 ‘0
US/THATLAND 175 ° ° 17 ° °
US/TRINIDAD & TOBAGO 30 ° ° ° ° °
US/TURKEY 350 93 ° ° ° °
US/UNITED ARAB EMIRATES 126 884 ° ° 32 ° 1,012
US/UNITED KINGDOM 40,257 182.631 3,229,441 18,284 60,403 205 3,891,221
US/URUGUAY . 558 550 28 40 26 ° 1,199
US/VENEZUELA 34,540 973 1,463 415 4.094 ° 38.485
US/MULTIPLE 9,003 8,103 160,682 B44 1,506 Oo = 177,138
US/THIRD TIER 139,607 2,493 141,249 5.344 8,983 Oo 294,676

SUBTOTAL 2/ 801,956 1/210,230 4,861,576 222,156 305,983 595 7,101,896
TOTAL ALL

LANDHOLDINGS 2,112,401 2/660,892 6, 468,592 895,877 640, 196 1,099 12,418,997

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


PREFACE

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

to prepare an analysis of foreign ownership of U.S. agricultural
requires an annual report to the President and the Congress on a
basis. This report covers information received through December

LIST OF TABLES . 2s ee ee be we

SUMMARY. 2 6 ee ee ee ee

INTRODUCTION . 2 6 se ew we ew

CONTENTS

Summary of the Act and Regulations eee

Definitions. ..... 4

ANALYSIS OF DATA REPORTED UNDER THE

Holdings «2. .e eee 5
Acquisitions .....

Dispositions, Land-Use Changes , and

Trends «2s ee ees

ACT 2...

PROGRAM COSTS 2. 2. 2 ee ee ee eee ewes

APPENDIX: REPORT FORM ASCS-153

iv

Changes

in

Status

land. The act

calendar-year
31, 1986.


"ACQUISITIONS AND DISPOSITIONS OF FOREIGN-OWNED U.S. AGRICULTURAL LAND, BY DATE
UANUARY 1881 - DECEMBER 1986

ACQUISITIONS DISPOSITIONS
DATE
PARCELS ACRES VALUE PARCELS ACRES VALUE
REPORTED (NUMBER ) (1,000 REPORTED (NUMBER) (1,000.
(NUMBER) DOLLARS )1/ (NUMBER) DOLLARS )1/
1981
JANUARY 148 104, 107 52 34,470 29,058
FEBRUARY 149 86,796 34 10,763 16,841
MARCH 281 1,920,765 43 104,866 30,269
APRIL 170 121,639 55 50,437 35,157
MAY 184 220,589 St 10,237 15,206
UNE 192 111,077 37 50,701 35,722
JULY 172 183,155 53 31,873 41,679
AUGUST 128 108,770 43 21,343 82,463
SEPTEMBER 153 103,351 39 8,277 8,694
OCTOBER 148 62,634 46 18,185 13,800
NOVEMBER 129 67,275 4s 21,717 17,776
DECEMBER 149 108,537 6t 31,421 35,779
MULTIPLE 2 1,864 1 1" 204
TOTAL 1981 2,008 3,492,077 3,201,559 578 391,301 332,748
1982
JANUARY 186 89,701 152,739 62 32,164 42,928
FEBRUARY 102 52.717 74,306 36 17,294
MARCH 140 50,361 91,203 31 11,166
APRIL 121 55,098 67,163 36 20,502
‘MAY 116 83,660 63,759 38 26,175
JUNE 197 78,0810 64,998 48 39,608
JULY 134 70,423 87.421 38 19,131
AUGUST 104 189,659 92,091 28 23,350
SEPTEMBER m" 27,302 28,174 26 5,375
OCTOBER 80 37,112 33,414 43 2,727
NOVEMBER 8s 124/927 155,926 37 64,857
DECEMBER 87 35,263 63,536 50 18,770
MULTIPLE 7 5,552 3,875 °o °
TOTAL 1982 1,380 900,685 969,605 471 199,884 291,883
1983
JANUARY 89 30,098 54,207 27 12,361 14,674
FEBRUARY 7 44,494 45,161 35 125,211 23,649
MARCH 72 22,189 4 32 7,920 15,169
APRIL 108 81,669 68 19,565 21,955
MAY 108 35,644 67 27,487 18,396
JUNE m1 28,295 34 6,942
JULY 82 44,216 a7 16,868
AuGuUsT 68 33.643 82 34,008
SEPTEMBER 63 102,322 38 11,032
OCTOBER 46 18,911 40 4,510
NOVEMBER 74 84,439 88 173,008
DECEMBER 70 30,191 60,648 68 14,444 33,104
TOTAL 1983 923 526, 102 903,590 383 453,353 541,180
1984
JANUARY 109 306,679 136,929 115 48,518 53,554.
FEBRUARY 35 16,612 41,851 25 10,555, 18,375
MARCH 61 75,070 83,356 48 24,527 22,488
APRIL 7 65,943 93,170 42 33,269 37,818
MAY et 13,172 14,607 39 7,529 10,568
JUNE 68 50,058 67,478 38 29,580 36,583
WULY 48 13,967 155,679 42 13,118 23,864
AUGUST 63 35,490 88,959 37 12,820 28,907
SEPTEMBER ag 24,185 39,762 4B 6.413 9,540
OCTOBER 34 16,344 31,934 29 17,254 26,742
NOVEMBER 30 40,993 37,139 83 13,408 16,084
DECEMBER 76 857,075 253,243 63 831,301 95,706
MULTIPLE 1 170 ° ° °
TOTAL 1964 m9 1,515,758 1,044,682 879 1,047,981 380,229
1985
‘JANUARY 48 114,304 72,748 22 TAIT 9,871
FEBRUARY 28 Bait 24,415 16 12,162 10,926
MARCH 32 9,995 79,114 24 5.212 13,958
APRIL 38 12,420 19,335 46 98,045 12,706
MAY 34 59,524 21,789 31 2,751 6,191
JUNE 31 18,821 18,155 24 26,130 11,069
JULY 37 66,550 45,654 25 1,807 3,320
AUGUST 23 7,119 13,288 27 7,149 3,694
SEPTEMBER 107 1,732,030 38,919 24 192,711 11,548
OCTOBER 49 9,056 33,149 28 9,196 3,722
NOVEMBER 18 7,456 25,584 13 6,057 6,704
DECEMBER 121 78,183 63,275 108, 30,000 44,001
TOTAL 1985 563 2,124,269 435,425 385 309,397 139,110
Continued --

41


persons from Bermuda not ‘associated with a U.S. corporation disposed of 80 percent
of the acres in the region. The West accounted for 12 percent of the disposed
parcels covering 26 percent of the acres, Foreign persons from Canada and
Switzerland not associated with a U.S. corporation and U.S./U.sK. corporations
disposed of 91 percent of acres in the region. .

Land Use

Removing the 1,631,341 acres, 33 percent of the dispositions were cropland, 22
percent pasture, 24 percent forest, 6 percent other agriculture, and 15 percent
other nonagriculture (table 39). Foreign persons from West Germany and foreign
persons from Bermuda, Canada, and Switzerland not affiliated with a U.S. corporation
disposed of 95 percent of the cropland. U.S./Cayman Islands, U.S./United Arab
Emirates, and U.S./U.K. corporations and foreign persons from Canada not affiliated
with a U.S. corporation disposed of 83 percent of the pasture land. U.S. /Cayman
Islands and U.S./U.K. corporations and foreign persons from West Germany not
affiliated with a U.S. corporation disposed of 56 percent of the forest land.
Foreign persons from Switzerland not affiliated with a 1.8. corporation disposed
of 74 percent of the other agricultural land. U.S./Cayman Islands and U.S. /West
Germany corporations disposed of 81 percent of the other nonagricultural lands.

TABLE 38--DISPOSITIONS OF U.S. AGRICULTURAL LAND BY COUNTRY OF FOREIGN OWNER, BY U.S. REGION,

UANUARY 1 - DECEMBER 31, 1986
(NUMBER)
SOUTH WEST NORTHEAST NORTH CENTRAL
COUNTRY
PARCELS | ACRES | PaRceLs | acres | parcets | acres | parcecs | acres
REPORTED REPORTED REPORTED REPORTED

AUSTRALIA 8 277 ° ° ° ° ° °
AUSTRIA 1 101 ° ° ° ° ° °
BELGIUM ° ° ° ° 1 23 ° °
BERMUDA 1 3,200 1 10 ° ° ° °
CANADA 4 335 2 1,671 7 857 2 935
CAYMAN ISLANDS, 1 80 ° ° ° ° ° °
COLOMBIA 2 134 ° ° ° ° ° °
FRANCE ° ° ° ° 4 455 ° °
GERMANY (WEST) 12 5,886 1 84 ° ° 1 3
HONG KONG 1 58 ° ° ° ° ° °
UAPAN ° ° 1 670 ° ° ° °
LEBANON 1 40. 1 40 ° ° ° °
NETHERLANDS ° ° 1 12 1 38 ° °
NETHERLANDS ANTILLES 2 539 ° ° 3 705 ° °
PANAMA 1 20 ° ° ° ° ° °
SAUDI ARABIA ° ° 1 40 ° ° ° °
SWITZERLAND a 15 1 5,258 1 10 ° °
TURKS ISLANDS ° ° ° ° 1 155 ° °
UNITED KINGDOM 1 2 ° ° 1 24 ° °
VENEZUELA ° ° ° ° 4 221 ° °
THIRD TIER 1 239 ° ° ° ° ° °
SUBTOTAL 4/ 40 10,803 8 7,788 23 2, 188 3 938
US/CANADA 3 783 1 14 6 49 2 156
US/CAYMAN ISLANDS 5 6,678 ° ° ° ° ° °
US/GERMANY (WEST) 2 31604 ° ° ° ° ° °
US/NETHERLANDS, ° ° 3 26 ° ° 1 "
US/NETHERLANDS ANTILLES 2 182 ° ° ° ° ° °
US/SWITZERLAND 8 28 ° ° 2 8g 1 12
US/UNITED ARAB EMIRATES 1 1,518 ° ° ° ° ° °
US/UNITED KINGDOM 44 788.948 34 © 848,204 19 760 ° °
US/VENEZUELA 2 147 ° ° ° ° ° °
SUBTOTAL 2/ 67 798,948 38 848,244 27 sea 4 178

TOTAL ALL
LAND DISPOSITIONS 107 808,841 47 856,028 80 3,086 7 1447

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

39


Maine has the largest amount of foreign-owned U.S. agricultural land, 1,879,237
acres, or 10. percent of thé privately owned agricultural land in the State and |
approximately 15 percent of the reported foreign-owned agricultural land in the
United States. Most of the foreign-owned agricultural land in Maine, 1,718,766
million acres, is timber land owned by three large companies. One dompany owns
various percentage interests in 694,078 acres, another company owns 231,600
acres, and the third company and its subsidiaries, accounting for 793,088 acres,
are U.S. companies which are foreign persons because they passed the AFIDA
threshold which defines foreign, ownership.

‘Oregon and Hawaii have the next largest proportions of reported foreign-owned
agricultural land to all privately owned agricultural land in their States.
Texas has the second largest amount of foreign-owned acreage, 1,018,812 acres,
but only 0.6 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 44 percent: of the owners, followed by corporations, 39 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 49 percent of the parcels and 79 percent of the acreage; indi-
viduals, 34 percent of the parcels and 8 percent of the acreage; partnerships,
14 percent of the parcels and 11 percent of the acreage; and all others, 3 per-
cent of the parcels and 2 percent of the acreage. When partial interests are

taken into account, foreign-owned acreage drops from 12.4 million acres to 11.4
million, but distribution among the types of owners remains virtually the same.

Corporate-held parcels average 1,539 acres, or 3,252 acres per holder, while
individual-held parcels average 220 acres, or 286 acres per holder. Partnership
holdings average 750 acres per parcel, or 1,360 acres per holder, and all other
holdings average 569 acres per parcel, or 691 acres per holder.

TABLE 2--U.S. AGRICULTURAL LANDHOLDINGS BY TYPE OF FOREIGN OWNER,
DECEMBER 31, 1986
(NUMBER)

PARCELS WITH ACREAGE

OWNER OWNERS PARCELS ACRES PARTIAL
. . INTERESTS 1/ | EQUIVALENT 2/

INDIVIDUAL 3,424 4,459 979,189 495 846,410
CORPORATION 3,025 6,394 9,837,539 466 9,123,163
PARTNERSHIP 1,035 1,877 1,408,098 284 1,281,287
ESTATE 12 15 2,782 2 2,741
TRUST 250 296 175,809 13 165,939
INSTITUTION 3 3 1,075 1 1,015
ASSOCIATION 4 2 5,780 2 3,988
OTHER 15 28 8,725 ° 8,725

TOTAL 7,768 13,071 12,418,997 1,233 11,443,268

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.


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 foreigners 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 $673; followed by individuals, $1,044; partnerships,
$1,281; and all others, $1,317.

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 February 1986 for all years prior to 1986
(table 6). The total adjusted current value indicates a 19-percent decrease from
the reported current value. The adjustment factor was based on the national

TABLE 4--FOREIGN-OWNED U.S. AGRICULTURAL LANDHOLDINGS
BY SIZE OF HOLDING, DECEMBER 31, 1986

SIZE OWNERS PARCELS ACRES

(ACRES) (NUMBER) (NUMBER ) (NUMBER)
LESS THAN 20 947 1,021 10,190
20-59 1,573 1,791 84,927
60-89 800 1,052 62,030
100-299 1,700 2,257 298,706
300-899 1,687 2,448 886,077
1000 OR MORE 1,158 4,502 11,107,067
TOTAL 7,765 13,071 12,418,997

TABLE 5S--VALUE OF U.S. AGRICULTURAL LANDHOLDINGS
BY TYPE OF FOREIGN OWNER, DECEMBER 31, 1986

ACRES ACRES
WITH PURCHASE WITH NON-
OWNERS PURCHASE PRICE 4/ NON- PURCHASE
OWNER (NUMBER ) PRICE (1,000 PURCHASE PRICE 1/
REPORTED | DOLLARS) PRICE (1,000
(NUMBER) REPORTED | DOLLARS)
(NUMBER)
INDIVIDUAL 3,424 835,302 986,073 143,887 36,052
CORPORATION 3,025 9,105,217 5,921,592 732,322 699,755
PARTNERSHIP 1,035 1,175,120 1,609,595 292,978 194,876
ESTATE 12 2,082 3,286 700 59
TRUST 250 161,978 225,033 13,831 4,842
INSTITUTION 3 1,075 1,367 ° °
ASSOCIATION 1 5,780 10,400 ° °
OTHER 15 7,767 10,114 958 680
TOTAL 7,768 11,294,321 8,767,460 1,124,676 936,274

1/ PURCHASE PRICE AND NONPURCHASE. PRICE AT TIME OF ACQUISITION.


FOREIGN OWNERSHIP OF U.S. AGRICULTURAL LAND THROUGH DECEMBER 31, 1986, by
J. Peter DeBraal, Natural Resource Economics Division, Economic Research Service,
U.S. Department of Agriculture. ERS Staff Report No. AGES870319.

ABSTRACT

Foreigners owned 12.4 million acres of U.S. agricultural land as of December 31,
1986, 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.

KRRRKKRRKKKRKKRKRRARKRKRKRKR RRA KR KR KR KR KR KARR KR KR KR KK

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

*

RREKKKKKKRKRKRARARKRRR RRR KR KR REKRKRRKKRKRKRKRARK RRR KK KKK

DATABASE INFORMATION

Data used in this report are available for sale from the Economic Research
Service. These data are coded on one 9-track 6250 BPI computer tape containing
13,071 records. When ordering, specify Foreign Ownership of U.S. Agricultural
Land Through December 31, 1986 (RD 87015). Send a $125 check or money order to
ERS/DATA, 1301 New York Avenue NW., Rm. 228, Washington, DC 20005-4788.

1301 New York Ave., NW.
Washington, DC 20005-4788 April 1987

iii

ee


acquisitions, 76 percent, is
land acquisition (table 26).

Foreign persons from West Ge

primarily farmland, although it includes some
forest and/or other nonagricultural land commonly reported as part of the farm

acres.

rmany not affiliated with a U.S. entity and foreign
persons from the United Kingdom purchased most of the U.S. forest land or

forest and other nonagricultural lands (table 28).
of such acquisitions, 13,492

They account for 71 percent

Corporations account for the! largest number of owners reporting acquisitions of

forest land or forest and other nonagricultural land--52 percent of the owners

(table 29). Fifteen percent!
11 percent of the parcels co

TABLE 26--USE OF U.S.|

reported acquiring 63 percent of the parcels covering 37 percent of the acres

of the owners were trusts who reported acquiring

UANUARY 1 - DECEMBER 31, 1986

ering another 37 percent of the acres.

AGRICULTURAL LAND ACQUISITIONS BY COUNTRY OF FOREIGN OWNER,

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

ARGENTINA b ° 34 ° ° °. 84
AUSTRIA 4,480 ° 1,002 ° ° ° 5,482
BAHAMAS 0 30 42 ° 2 ° 74
BAHRAIN 849 ° ° ° 4 ° 583
BRAZIL 'o ° ° 366 ° ° 366
CANADA 2.760 192 5 317 63 ° 3,277
CAYMAN ISLANOS, 629 ° 231 ° ° ° 860
ECUADOR jo ° ° 22 ° ° 22
FRANCE lo ° ° 33 1 ° 34
GERMANY (WEST) 3,953 1,692 9.857 470 61 ° 15,373
GREECE sot ° ° ° 10 ° 601
ISRAEL lo ° ° 15 ° ° 15
ITALY 322 ° ° ° 76 ° 398
JORDAN lo 116 ° ° ° ° 116
LEBANON 0 ° 88 ° ° ° 89
LIBERIA lo 120 ° ° ° ° 120
MEXICO Bt 1,075 28 58 ° ° 1,209
MoROccO 300 60 ° ° ° ° 360
NETHERLANDS 672 623 152 213 85 ° 1,745
NETHERLANDS ANTILLES 180 ° ° 7 23 ° 180
PANAMA lo 2,444 ° 16 ° ° 2.487
SAUDI ARABIA lo ° ° 1,041 ° ° 1.044
SINGAPORE lo ° ° ° 24 ° 24
SWITZERLAND 323 44 1,903 30 a6 ° 2,386
UNITED KINGDOM 2,954 2,603 2.379 1 62 ° 7.399
VENEZUELA 5 ° ° 8 ° ° 10
MULTIPLE lo ° 1,616 ° ° ° 1,616
THIRD TIER lo ° 144 ° ° ° 144

SUBTOTAL 1/ 16,539 8,876 7,469 2,594 497 ° 45,975
US/AUSTRIA ° 4s ° ° ° 45
US/BRITISH VIRGIN

TSLANDS 127 ° ° ° ° ° 127
US/CANADA 1,040 at 668 902 85 ° 2.696
us/EGYPT 100 ° 288 ° 1 ° 389
US/FRANCE 1,340 80 ° eaa ° ° 2.034
US/GERMANY (WEST) 1,849 182 486 ° 28 ° 2,545
US/IRELAND lo ° ° 232 ° ° 232
US/JAPAN 1,279 ° ° ° 4 ° 1,283
US/LIECHTENSTEIN 834 200 14 338 64 ° 1,447
US/MEXICO |o ° ° 120 ° ° 120
US/NETHERLANDS, 172 87 30 3 14 ° 306
US/NETHERLANDS ANTILLES ° ° 316 ° ° ° 316
US/SAUDI_ ARABIA 4 24 115 ° 25 ° 168
US/SWITZERLAND 285 7 40 314 455, ° 1,101
US/UNITED ARAB EMIRATES 126 143 ° ° 22 ° 291
US/UNITED KINGDOM 2.126 551 1,604,644 882 7,243 O 1,615,446
US/VENEZUELA ° ° 61 ° ° ° 61
US/MULTIPLE ° ° ° 48 ° ° 48
US/THIRD TIER 320, ° ° 320 ° ° 640

SUBTOTAL 2/ 9.she 1,350 1,606,662 3,800 7.941 © 1,629,295
TOTAL ALL

LAND ACQUISITIONS 10,226 1,624,131 6,994 8.438 © 1,675,270

26,081

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

32


parcels, 44 percent, covering 33 percent of the acreage, were acquired for "Cash
Only" (table 10). This compares with 35 percent of the parcels, containing

20 percent of the acreage, which were acquired by “Credit Only," and 5. percent
of the parcels, containing 24 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 obtainci 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.

i
Relationship of Foreign Owner to Representative

Forms were most commonly completed by the attorneys, accounting for 28 percent. of
the parcels and 25 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 23 percent of the parcels, representing 22 percent of
the foreign-held agricultural land. .

Land lse

Fifty-two 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 43 percent of all foreign-owned holdings,
put 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
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 3,394,099 acres, or 52 percent, of
the reported forest landholdings. Foreign persons from Canada hold an additional
24 percent of the forest land.| Unidentifiable Third Tier foreign persons own 5
percent of the forest land. The size of the U.K. holdings are attributable

to two companies-~a U.S./U.K. borporation with 71 parcels covering 1,594,728
acres and a U.S./U.K. corporation and its subsidiaries with 56 parcels covering
1,455,212 acres.

Foreign persons from West Germany, the Netherlands Antilles, and Canada own the
most cropland, 960,396 acres, or 45 percent. Foreign persons with the next
largest holdings of cropland are from Switzerland and Liechtenstein, with 8
percent and 7 percent, respectively. Unidentifiable Third Tier foreign persons

own an additional 7 percent of

Foreign persons from West Germ

and Canada own 48 percent, or
from Mexico, the Netherlands,
percent, or 800,070 acres.

The largest group of owners of

the Netherlands Antilles and C
tively. They are followed by

the cropland.

any, the United Kingdom, the Netherlands Antilles,
1,280,768 acres of the pastureland. Foreign persons
Switzerland, Panama, and Japan own an additional 30

other agricultural land are foreign persons from
anada with 14 and 12 percent of the acres, respec-
foreign persons from Switzerland, U.S./Luxembourg

18





PL. 95-460 authorizes collection of the data on this form. The data will be used to determine the effects of foreign persons ac-
"4 quiring, transferring and holding agricultural land, and the effects of such activity on family farms and rural communities, Furn-
“| NOTE[) 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, corpoiation company, association, firm, partnership, society, joint etock 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. !

2. 1AM a 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. | ves] NO

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

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

5. 1AM a foreign government. |

I GENERAL INSTRUCTIONS.

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

Return the original and two copies to the County Agricultural Stabilization and Conservation Service (ASCS) Office where the tract of land is located. Retain
the last copy (Foreign Person Copy) for your records. 00 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
for use must be reported by filing another ASCS-153. |

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

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

Owned on February 1,1979, check ©-ting..g } 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: «
is Bitana
Acquired, check ® 224100 GZ) Reporting Date:
Disposed of, check © 47S ,1u0n OZ) If any of these activities are checked
Changed from non-agricultural to agricultural use, check °-Y2"Eyieunure’® in Item 1, return the completed
v Changed f ‘cultural t jcultural use. check €.tane ve crunme To Pf ASCS-153 within ninety (90) days
anged from agricultural to non-agricultural use, Check eee ricunture {4} 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.
BoxC = Date disposed of.
Box D or E- Date land use changed.

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

J/ Significont interest or substantiat control os defined in 7 CFR 781.2 (k).

44 #U,S,GOVERNMENT PRINTING OFFICE: 1987~-180-916:40600/ERS



Purchase Price and Value of Acquisitions. Corporations account for 83 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 $188; followed by trusts, $611;
individuals, $1,158; and partherships, $5,335.

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 294 reports providing information on
debt, $33,291,000, and current value, $473,303,000, resulted in an equity figure
of $440,012,000 (table 22). These figures reveal an equity figure of 93 percent
in relation to current value.

TABLE 21--FOREIGN-OWNED U.S. AGRICULTURAL LAND ACQUISITIONS
BY SIZE OF ACQUISITION, JANUARY 1 - DECEMBER 31, 1986

I
SIZE OWNERS PARCELS ACRES VALUE
(AcRES) REPORTING REPORTED (NUMBER ) (1,000
(NUMBER) (NUMBER) DOLLARS) 1/
i
LESS THAN 20 13 13 114 2,514
20-59 30 33 1,046 5,127
60-99 19 20 1,853 8,818
100-299 37 47 6,189 92,273
300-999 34 50 16,334 65,281
1000 OR MORE 24 131 1,650,034 260,787
TOTAL 184 204 1,675,270 374,810

i
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, 1986

ACRES ACRES
WITH PURCHASE WITH NON-
OWNERS| PURCHASE PRICE NON- PURCHASE
OWNER REPORTING PRICE (1,000 PURCHASE PRICE
(NUMBER REPORTED DOLLARS) PRICE (4,000
(NUMBER) REPORTED DOLLARS)
. (NUMBER)
INDIVIDUAL 49 12,735 14,767 148 153
CORPORATION 73° 1,626,580 190,798 19,176 119,413
PARTNERSHIP 16 6,046 32,769 2,320 11,863
TRUST 16 8,258 5,047 ° °
TOTAL [34 1-683,626 243,381 21,644 131,420
|
ACRES ACRES
WITH CURRENT WITH EQUITY
CURRENT VALUE EQUITY (4,000
VALUE (1,000 REPORTED DOLLARS)
REPORTED DOLLARS) (NUMBER )
(NUMBER)
I
INDIVIDUAL \o,ea 12,883 13,268
CORPORATION 1,645,766 1,645,766 981,326
PARTNERSHIP 8,366 8,366 40,870
TRUST 8,258 8,255 4,548
TOTAL 1,678,270 473,303 1,675,270 440,012

28


TABLE 33--DISPOSITIONS OF U.S. AGRICULTURAL LAND BY TYPE OF FOREIGN OWNERS
BY STATE, JANUARY 1 - DECEMBER 31, 1986

(NUMBER)
INDIVIDUAL ORGANIZATION TOTAL
STATE
AND U.S.
TERRITORY PARCELS ACRES PARCELS ACRES PARCELS ACRES
REPORTED REPORTED REPORTED
ALABAMA ° ° 3 3 783
ARIZONA ° ° 2 2 "4
CALIFORNIA ° ° 6 6 2,813
COLORADO 1 1,660 1 2 1,670
FLORIDA 7 87 14 21 7,075
GEORGIA 10 478 12 22 3,046
HAWAIT ° ° 1 1 670
ILLINOIS ° ° 1 1 11
KANSAS 2 935 ° 2 935
KENTUCKY ° ° 2 2 1,637
LOUISIANA ° ° 17 7 494,852
MAINE 4 566 3 7 680
MINNESOTA ° ° 2 2 48
MISSISSIPPI ° ° 24 24 290,944
MISSOURI ° ° 1 1
NEVADA ° ° 1 1
NEW HAMPSHIRE ° ° 6 6
NEW MEXICO ° ° 1 1
NEW YORK 1 92 ° 1
NORTH CAROLINA ° ° 3 3
OREGON ° ° 19 19
PENNSYLVANIA ° ° 18 18
SOUTH CAROLINA ° ° 3 3
TENNESSEE ° ° 1 1
TEXAS 2 767 4 6
VERMONT 8 249 13 18
VIRGINIA 2 880 4 740 6
WASHINGTON. ° ° 18 317,910 15
TOTAL 34 5,691 177 1,664,382 au 1,670,073

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

BY CITIZENSHIP OF .PURCHASERS, JANUARY 1 - DECEMBER 31, 1986
(NUMBER )
PURCHASER PARCELS ACRES
REPORTED
USA 99 22,954
FOREIGN 91 1,637,718
UNKNOWN 19 9,348
NO REPORT 2 53
TOTAL at 1,670,073

TABLE 35--DISPOSITIONS OF U.S. AGRICULTURAL LAND BY TYPE OF FOREIGN
OWNER, JANUARY 1 - DECEMBER 31, 1986

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

REPORTING] REPORTED INTEREST EQUIVALENT 2/

REPORTED 1/
INDIVIDUAL 23 34 5,691 4 5,406
CORPORATION 45 158 1,658,898 2 1,658,858
PARTNERSHIP 12 14 4,666 3 4,551
TRUST 5 8 818 ° 818
TOTAL 85 2114 1,670,073 9 1,669,633

4/_ PARCELS WITH PARTIAL
ONLY IN PART BY THE FOREIGN

LESS THAN 100 PERCENT.

ACREAGE EQUIVALENT EQUALS THE T:
BY THE PERCENTAGE HELD BY THE FOREIGN

OWNER.

37

INTERESTS ARE THOSE PARCELS WHICH ARE OWNED
INVESTOR; THAT IS, A PERCENTAGE INTEREST

OTAL ACREAGE REPORTED MULTIPLIED


corporations, and foreign persons from West Germany who own 146,992 acres, or 27
percent. Foreign persons from the Netherlands, Mexico, France, and the United
Kingdom own an additional 130,169 acres, or 24 percent.

Based on reports by foreign owners who reported owning only forest land or forest
land and other nonagricultural land, these reports account for 49 percent of all
the foreign-owned U.S. agricultural land (tables 1 and 12). -The remaining 51
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 2,859 acres (table 12). Except for Maine (with 31 per-
cent of the acreage, the uniqueness of which has been noted previously), the
forest or forest and other nonagriculture acres are concentrated in the South and
West. Alabama, Georgia, Louisiana, Mississippi, and South Carolina account for
25 percent. California, Oregon, and Washington account for another 22 percent of
the acres reported. There are also notable holdings in Michigan, Minnesota, New
Hampshire, New York, and Pennsylvania, accounting for another 16 percent of the
acres.

U.S./U.K. corporations own 53 percent of the foreign-owned U.S. forest land or
forest and other nonagricultural lands (table 13). Foreign persons from Canada
own an additional 25 percent.

Individuals make up the largest number of owners reporting holdings of forest
land or forest and other nonagricultural land but account for only 17 percent of
the parcels and less than 2 percent of the acres (table 14). Corporations re-
ported holding 54 percent of the parcels, representing 91 percent of the acreage.
The remaining 29 percent of the parcels and 8 percent of the acres are held by
partnerships, trusts, estates, and others. When partial interests are taken into
account, the acreage equivalent is 479,045 acres less than the acres for which
reports were filed.

TABLE 12--U.S. FOREST AND OTHER NONAGRICULTURAL
LANDHOLDINGS OF FOREIGN OWNERS BY STATE,
DECEMBER 31, 1986

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

ALABAMA 323 239,806|MISSOURI 8 2,793
ARIZONA 2 95|MONTANA 10 1,499
ARKANSAS 14 4,146|NEW HAMPSHIRE 24 109,928
CALIFORNIA 12 232,854|/NEW JERSEY 2 262
COLORADO 5 5,438|NEW YORK a9 358,847
CONNECTICUT 2 84|)NORTH CAROLINA 137 65,8682
FLORIDA 44 41,827/0HIO 18 1,118
GEORGIA 351 341,290] OKLAHOMA 1 12
HAWAIT 1 84/OREGON 63 810,463
IDAHO 7 8,585} PENNSYLVANIA 22 120,050
ILLINOIS 3 1,079] SOUTH CAROLINA 389 192,439
KANSAS 6 9,597] TENNESSEE 28 35,211
KENTUCKY 6 22,846/ TEXAS 18 10,438
LOUISIANA 27 498 , 780] VERMONT 138 59,789
MAINE 66 1,848,209] VIRGINIA 934 15,573
MARYLAND 4 50| WASHINGTON 96 301,117
MASSACHUSETTS 3 1,213/WEST VIRGINIA 32 81,805
MICHIGAN 24 180, 243/WISCONSIN 9 1,555
MINNESOTA 51 202,429

MISSISSIPPI 50 902,237] TOTAL 2,116 6,049,673

21


TABLE 1--U.S. AGRICULTURAL LANDHOLDINGS OF FOREIGN OWNERS BY STATE, DECEMBER 31, 1986

TOTAL LAND PRIVATELY OWNED FOREIGN-OWNED PROPORTION OF
AREA AGRICULTURAL AGRICULTURAL FOREIGN-OWNED TO
STATE OF STATE LAND LAND PRIVATELY OWNED
1,000 ACRES 1/ 1,000 ACRES 2/ ACRES AGRICULTURAL LAND
PERCENT

ALABAMA 92,491 29,467 264,903 0.9
ALASKA 365,333 400 416 :
ARIZONA 72,645 10,983 263,316 2.4
ARKANSAS 33,330 28,834 157,518 5
CALIFORNIA 100,031 47,353 905,155 1.9
COLORADO 66,301 937,527 480,955 1.3
CONNECTICUT 2,267 1,120 NEG.
DELAWARE 1,064 5,387 “5
FLORIDA 26,529 609,333 2.3
GEORGIA 33,253 599,577 1.8
GUAM 85 336 14
HAWAIT 1,992 52,372 2.6
IDAHO 15,166 27,941 +2
ILLINOIS 32,326 87,726 3
INDIANA 20,909 45,252 +2
TOWA 33,912 32,861 .
KANSAS 49,911 68,500 .
KENTUCKY 22,915 67,159 3
LOUISIANA 26,463 628,028 2.4
MAINE 18,829 1,879,237 10.0
MARYLAND 5.146 48,357 9
MASSACHUSETTS 3,322 1,703 NEG.
MICHIGAN 26,117 196,336 “8
MINNESOTA 36,204 241,304 “7
MISSISSIPPI 26,629 441,178 7
MISSOURI 40,025 59,564 A
MONTANA 54,189 378,097 +7
NEBRASKA 45,3997 70,137 +2
NEVADA 7,586 45,507 6
NEW HAMPSHIRE 4,682 114,253 2.4
NEW JERSEY 2,894 26,249 =)
NEW MEXICO 34,451 500,338 1.5
NEW YORK 24,257 425,055 1.8
NORTH CAROLINA 27,324 242,439 =)
NORTH DAKOTA 39,617 20,004 .
OHIO 22,979 55,140 +2
OKLAHOMA 38,875 28,384 .
GREGON 25,685 883,979 3.4
PENNSYLVANIA 22,380 170,593 -8
PUERTO RICO NA 1,448 NEG.
RHODE ISLAND 439 °o °
SOUTH CAROLINA 15,932 216,031 1.4
SOUTH DAKOTA 98,241 43,647 :
TENNESSEE 22,901 76,997 3
TEXAS 156,768 1,018,812 0.6
UTAH 10,779 67,310 6
VERMONT 8,251 108,016 2.1
VIRGINIA 21,499 121,955 -6
WASHINGTON: 23,028 424,055 1.8
WEST VIRGINIA 13,744 120,663 3
WISCONSIN 27,637 19,655 1
WYOMING 62,073 26,142 75,299 3

TOTAL 2,265,242 1,290, 302 12,418,997 1.0

1/1980 LAND AREA FROM GEOGRAPHY DIVISION, CENSUS BUREAU.
2/ PRIVATELY HELD LAND BASED ON T. FREY, UNPUBLISHED DATA, ECON. RES. SERV., U.S.
INDIAN, TRANSPORTATION, AND
URBAN LANDS. INCLUDES FOREST LAND, PASTURELAND, CROPLAND, RANGE, AND MISCELLANEOUS.
NA = NOT AVAILABLE.
NEG. = NEGLIGIBLE.

DEPT.AGR., 1979.

/

ESTIMATE OF TOTAL LAND LESS PUBLIC,


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 (65 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 35 percent) hold more than 96 percent of the land
(table 4). Part of this concentration may be explained by the definition of
agricultural land, which includes extensive uses of land such 4s ranching and

TABLE 3--FOREIGN OWNERS OF U.S. AGRICULTURAL LANDHOLDINGS
BY STATE, DECEMBER 31, 1986
(NUMBER )
STATE INDIVIDUAL ORGANIZATION
AND U.S.
TERRITORY
PARCELS ACRES PARCELS ACRES

ALABAMA 23 1,199 355 263,704
ALASKA ° ° 2 416
ARIZONA 36 12,059 218 261,257
ARKANSAS 63 29,329 109 128,189
CALIFORNIA 247 16,152 999 829,003
COLORADO 138 124,715 207 359,240
CONNECTICUT 6 308, 14 g12
DELAWARE 6 1,589 9 3,798
FLORIDA 464 31,425 825 877,908
GEORGIA 159 52,729 645 546,848
GUAM ° ° 2 336
HAWAIT 14 543 32 51,829
IDAHO 17 30 20,648
ILLINOIS 52 230 76,244
INDIANA 35 118 98,972
TOWA 69 i) 15,972
KANSAS 22 69 64,118
KENTUCKY 36 99 ‘60,467
LOUISIANA 12 117 620,130
MAINE 29 89 1,858,998
MARYLAND 54 121 38,200
MASSACHUSETTS 2 5 1,451
MICHIGAN 87 56 191,347
MINNESOTA 46 93 224,098
MISSISSIPPI 7 210 440,245
MISSOURI 30 94 48,630
MONTANA 1 8B 334,894
NEBRASKA 10 30 67,210
NEVADA 3 15 45,413
NEW HAMPSHIRE 9 30 112,526
NEW JERSEY 12 82 25,068
NEW MEXICO 20 5B 496,702
NEW YORK 323 167 379,641
NORTH CAROLINA 42 264 232,255
NORTH DAKOTA 47 14 5,803
OHIO 44 323 45,589
OKLAHOMA 8 61 27,352
OREGON 31 89 866,609
PENNSYLVANIA 26 80 168,287
PUERTO RICO 8 6 814
SOUTH CAROLINA 34 463 207, 152
SOUTH DAKOTA 44 38 31,457
TENNESSEE 81 1 57,443
TEXAS 617 1,026 838,007
UTAH B15 27 45,841
VERMONT 471 215 75,435
VIRGINIA 118 224 95,752
WASHINGTON 220 381 373,090
WEST VIRGINIA 17 38 117,541
WISCONSIN 67 25 8,327
WYOMING 3 13 74,639

TOTAL 4,459 8,612 11,439,808

8