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