Foreign Investors Own Major Stake in Maine

May 28, 2009 by Eric OKeefe  

beetle-kill-web-new

Foreign investors own an interest in 21.2 million acres of U.S. forest and farmland, an amount that equates to just under 1 percent of all the land in the U.S. Every one of the 50 states as well as Puerto Rico has foreign ownership, but far and away the largest concentration was in Maine with 3,323,846 acres (16 percent of the national total). Forest and timberland accounted for more than 3 million of those acres with Canadian companies the leading landowners.

The figures were compiled by the Farm Service Agency from filings required by the Agricultural Foreign Investment Disclosure Act of 1978 and are available in this handy 178-page report.

More Field Reports From The Land Report:
  1. Ten Million Americans Own Timberland
    Which asset class offers growth, a hedge against inflation, and has great tax benefits? Timber. That’s one of the many interesting points brought out by this in-depth article that...
  2. Sold! Boot Jack Ranch Goes for $47 Million
    One of the country’s premier listings, Colorado’s Boot Jack Ranch, sold earlier this month for $47 million. Originally listed at $88 million more than two years ago, the price had...
  3. Ask the Expert: Andy Smyth
    Andy Smyth is a straight-speaking man, runs a great brokerage business in Idaho, and has become a good partner with The Land Report. Andy recently told me that after...
  4. Ask the Expert: Scott Jones
    The second session of the 111th Congress is already under way, and landowners have a lot at stake. With that in mind, The Land Report turns to Scott Jones...
  5. Land Report 100: No. 62 Clayton Williams Jr.
    OF THE COUNTRY’S 100 LARGEST LANDOWNERS, FEW ARE AS COLORFUL AS CLAYTIE. A passionate approach to land stewardship is but one of Clayton Williams’s claims to fame. The diehard...
Share this via Social Networking!
  • e-mail
  • Digg
  • del.icio.us
  • Facebook
  • Mixx
  • Google Bookmarks
  • blogmarks
  • Live
  • NewsVine
  • Reddit
  • StumbleUpon
  • Technorati
  • TwitThis

Speak Your Mind

Tell us what you're thinking...
and oh, if you want a pic to show with your comment, go get a gravatar!