Article excerpts:

“The expansion of renewable energy projects led to a growth in foreign ownership of agricultural land in the U.S. from 2022 to 2023, while at the same time the amount of ag land owned by Chinese investors dropped, according to a new analysis of U.S. data by the American Farm Bureau Federation (AFBF).

In addition, AFBF said as foreign ownership continued to grow, the USDA in 2024 imposed a record $1.2 million in penalties on foreign entities that failed to report purchases, sales and interests in U.S. ag land via Form 153 submitted to the Farm Service Agency.

Overall, the new analysis found a 1.58-million-acre increase in foreign-owned agriculture land in the U.S. from 2022 to 2023.

"There has been significant interest in U.S. agricultural land owned by Chinese investors," the AFBF said in its analysis.

"In 2023, 277,336 acres were linked to Chinese investors - 0.02% of all privately held U.S. agricultural land. This marks a 106,599-acre (27%) decline from the 2021 peak of 383,935 acres."

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