Efforts to restrict foreign ownership of US farmland grow
June 9, 2019
CHAMPAIGN, Ill. (AP) — Foreign investors acquired at least 1.6 million acres of U.S. agricultural land in 2016, the largest increase in more than a decade, according to a review by the Midwest Center for Investigative Reporting of the latest available federal data.
The data from the U.S. Department of Agriculture show that foreign investors control — either through direct ownership or long-term leases — at least 28.3 million acres, valued at $52.2 billion. That area is about the size of the state of Ohio.
A 1978 federal law, known as the Agricultural Foreign Investment Disclosure Act,...