2 edition of Foreign ownership of U.S. agricultural land found in the catalog.
Foreign ownership of U.S. agricultural land
United States. Dept. of Agriculture. Natural Resource Economics Division
1980 by Dept. of Agriculture, Economics, Statistics, and Cooperatives Service in [Washington] .
Written in English
Issued Feb. 1980
|Series||Agricultural economic report ; no. 447, Agricultural economic report -- no. 447|
|The Physical Object|
|Pagination||iv, 33 p. ;|
|Number of Pages||33|
Fifty-two percent of the land is timber or forest with cropland accounting for only 19 percent of the total acres. Some states, like Iowa, have outlawed selling farmland to foreign buyers to protect their resources. If you value what you get from Mother Jones, please join us with a tax-deductible donation today so we can keep on doing the type of journalism demands. Though foreign entities are required to complete reports, those reports are self-submitted and not verified.
He said forestland is no different of an investment than other publicly traded commodities. Foreign persons have reported acreage holdings in all 50 States and Puerto Rico. Sweeten said Red Mountain has a year contract to supply International Paper with wood and timber from land. Those going against the grain warn of a land-price bubble. For professional advice kindly consult a professional accountant, immigration advisor or the Indian consulate.
Suppose your father inherited the property, then other relatives wanting a share is not unheard of in India. Not always Americans. Read on. While there was good farmland to buy, developing many of the investments proved difficult without proper infrastructure—from rural roads to irrigation systems. Another potential drawback: As American farms become more desirable, land prices are increasing—which is bad news for American farmers and their communities. Fifty-two percent of the land is timber or forest with cropland accounting for only 19 percent of the total acres.
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During this time period, cropland increased from roughly 2, acres to 4, acres, and pastureland increased from approximately 4, acres to 5, Some politicians and rural advocacy groups argue that foreign control of farms is a threat to national security.
Together, 9, acres or 36 percent of foreign-held acres are owned by individuals or entities from these countries. As the global population rises, interest in food production from countries but also financial firms seeking to make a buck is unlikely to wane.
Access a UN report on the effects of foreign ownership of agricultural land on development.
Often, when a foreign investor buys up land, the local population loses farming rights, which can lead to people losing their homes, livelihoods, and access to resources like water. The sale included 3. One reason might be that agricultural land is simply a good investment.
Read the whole report here [PDF]. Under the act, foreign owners who acquire, sell or gain interest in U.
The increases were primarily due to the execution of long-term leasehold interests by wind energy companies. Who Owns It? I am still on Indian passport. While the database has errors and often has incomplete information, it still is a strong indicator of the quantity of land being sold to foreign interests.
Sweeten said Red Mountain has a year contract to supply International Paper with wood and timber from land. My family have agricultural land in India whose current market price is above 10 crore rupees and I am only son, This keeps me as Indian citizen.
For decades, farmers have been leasing cropland to energy companies for this exact reason; aside from being easier than farming, leasing land can also be more profitable. Congressional concerns about foreign investment in the food industry prompted Sen.
Lee Laechelt, executive vice president of the Alabama Forest Owners Association, said forestland can provide a steady stream of revenue for investors.
Between andforeign landholdings in cropland and pasture land increased. This should provide you with all the information you need regarding agricultural land acquisition in India.prepare an annual analysis of foreign ownership of U.S. agricultural land. The U.S. Department of Commerce, under the International Investment Survey Act ofalso collects data on foreign direct investment in the United States and conducts benchmark surveys, most recently in Congress.
Feb 11, · According to the bureau, the area of agricultural land in Australia owned by businesses with some level of foreign ownership increased from m Author: Nick Evershed. reported U.S.
foreign-held agricultural land. Foreign holdings are concentrated in the South. Tennessee, Georgia, and South Caro- lina containacres, or 25 percent of foreign-held U.S. agricultural land. Section 5 of the act requires a determination of the effects of foreign ownership of agricultural land on family farms and rural.
Get this from a library! Foreign ownership of U.S.
agricultural land: highlights. [United States. Department of Agriculture. Economics and Statistics Service.;]. Jun 18, · Shuanghui International Holdings Ltd.
plans to purchase Smithfield Foods in a % billion deal; Weeks before the deal%2C Missouri lawmakers removed a. Sep 27, · The USDA released a report today detailing foreign holdings of U.S.
agricultural land as of Decemberand it’s pretty fascinating stuff. “Foreign persons” are defined as individuals who are not citizens of the U.S., foreign businesses and governments that have their principal place of business in a foreign country and U.S. entities in which there is a significant foreign interest.