America’s land increasingly foreign owned

America’s land increasingly foreign owned
Pixabay

[Ed. – This trend has been increasing at the same time political activists have been doing everything they can to drive out family farmers and ranchers (like the Bundys in Nevada).  The combination of trends is a very negative one.  Owner-occupants always keep their land in the best heart.]

[T]oday nearly 30 million acres of U.S. farmland are held by foreign investors. That number has doubled in the past two decades, which is raising alarm bells in farming communities.

When the stock market tanked during the past recession, foreign investors began buying up big swaths of U.S. farmland. And because there are no federal restrictions on the amount of land that can be foreign owned, it’s been left up to individual states to decide on any limitations. …

“Texas is kind of a free-for-all, so they don’t have a limit on how much land can be owned,” say’s Ohio Farm Bureau’s Ty Higgins. “You look at Iowa and they restrict it — no land in Iowa is owned by a foreign entity.”

Ohio, like Texas, also has no restrictions, and nearly half a million acres of prime farmland are held by foreign-owned entities.

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