Cross-Border Ownership of Agricultural Land in the United States
prof. dr. Margaret Rosso Grossman1Artikel kopen € 79,00 excl. BTW
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The United States enjoys large expanses of productive agricultural land and even more timber and forest land. The majority of the US land area of 2.3 billion acres is rural, and almost 1.4 billion acres are nonfederal rural land, including cropland (361 million acres), rangeland (409 million), pasture (120 million), and forest (409 million).2 More than 60 percent of US land (99 percent of cropland) is privately owned3 and can be transferred with few restrictions. Ownership of rural land is therefore attractive for investors, as well as for agricultural producers.
National concerns about foreign ownership of agricultural land have resulted in federal law that requires foreign owners to disclosure their ownership of agricultural land to the US Department of Agriculture.4 States have addressed concerns about farmland ownership by exercising authority under their general ‘police power’ to regulate land within their borders. Some states have restricted the ow...
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