An article in USA TODAY dated July 25, 2012 stated that foreign holdings of U. S. farm and forest land jumped by 6.7% in the last 10 months of 2010 – citing a recent report by the USDA. Foreign investors now own or lease 1.9% of the privately-controlled productive land in the Nation.
The Netherlands, with a population of only 16 million, is an “oversize” investor. This follows the longtime trade and economic ties with the United States dating to the Revolutionary War when The Hague granted significant loans to support the ragged Continental Army and later financed Jefferson’s Louisiana Purchase.
Because of its vast privately-held forest lands, Maine’s deeded land is particularly attractive to foreign investors.
Given economic tremors in all of Europe, it appears as if the safety and productivity of ranch, farm and timber land in the United States will become increasingly attractive to savvy, long-term investors willing to bet on the Stars and Stripes.
The report also indicated that 10 Midwestern farm states restrict foreign ownership to some degree.
For those interested in foreign ownership restrictions, the National Association of Realtors® published an informative “Alien Land Ownership Guide” in November 2006 may be obtained by clicking here: Alien Land Ownership Guide*.
Primary source for this article:
Raasch, Chuck. “Foreign investment in U.S. land on the rise”
USA Today. 25 July 2012.
* Some users may have to right-click the link to display it in a new browser window or save the PDF to their computer. This PDF was created by the NATIONAL ASSOCIATION OF REALTORS®.