USDA’s Farm Service Agency (FSA) released the latest report on foreign holdings of U.S. agricultural land. The publication contains statistics through Feb. 28, 2007, regarding the 21.2 million acres of U.S. agricultural land in which foreign persons hold an interest.
The publication reports that foreign persons have an interest (partial or total ownership) in 1.6% of all privately held U.S. agricultural land and 0.94% of all land in the United States This is a 5.3 million acre increase from 2006. Holdings from 1996 through 2006 were relatively steady.
The report includes a breakdown of land held by foreign persons by the type of acreage:
* Forest land – 64%
* Cropland – 11%
* Pasture and other agricultural land – 25%
The report also lists which countries have foreign persons holding the largest amount of land:
* Canadians hold the largest amount of land: over 8.2 million acres, or 38%.
* Foreign persons from the following three countries collectively hold more than 6.7 million acres, or 31% of the foreign held acres in the U.S.:
* Netherlands, almost 3.9 million acres (18%),
* United Kingdom, over 1.5 million acres (7%), and
* Germany, more than 1.3 million acres (6%).
The report, titled “Foreign Holdings of U.S. Agricultural Land,” is available on the FSA web site at: www.fsa.usda.gov.