9/27/2013 at 12:00 a.m.
The U.S. Department of Agriculture’s Farm Service Agency (FSA) has released its annual publication regarding foreign investors’ holdings of U.S agricultural land. The publication contains statistics that are current through Dec. 31, 2011.
The report, titled Foreign Holdings of U.S. Agricultural Land Through December 31, 2011
, is now available on the FSA website
The data indicates that foreign investors hold an interest in 25,715,588 acres of U.S. agricultural land, which is approximately 2 percent of all privately held U.S. agricultural land, and 1 percent of all land in the U.S. The total foreign-held U.S. agricultural acres as of the last report, dated Dec. 31, 2010, were 24,224,807, resulting in an increase of 1,490,781 acres.
The publication’s findings are based on reports submitted to FSA in compliance with the Agricultural Foreign Investment Disclosure Act of 1978 (AFIDA). The law was created to establish a nationwide system for collecting information pertaining to foreign ownership in U.S. agricultural land. Foreign investors who buy, sell or hold an interest (other than a security interest) in U.S. agricultural land are required to report such holdings and transactions to the Secretary of Agriculture on AFIDA Report Form FSA-153. The data gleaned from these reports is used in the preparation of an annual report to Congress.