1.5 Million Acres in Alabama is Foreign Owned

Foreign individuals, corporations, and other entities own 1.5 million acres of ag and forest land in Alabama as of early 2008 according to a report from the Farm Service Agency, an agency that is part of the USDA.  Foreign ownership of ag and forestland throughout the country has been on the rise since 2006.  I would anticipate that the overwhelming majority of foreign-held lands in Alabama are timber producing properties.  I would also anticipate that the surge in foreign investment in land has a great deal to do with a weak US Dollar.  It is interesting that Alabama’s most important natural resource has this much attention world-wide.   Almost 1 million acres is owned by entities in the Netherlands, while just over a quarter million is owned by Canadian entities. 

Get the report here:  02_29_2008_foreign_holdings

Article I found on the issue:  http://www.facebook.com/topic.php?uid=10168838634&topic=4567

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