915 million acres
. . . in the United States is farmland.
So, 242,000 acres is 0.026%.
(approximately 190,000 acres of farmland owned by Chinese interests)
The biggest number I found is 37.6 million acres, or about 2.9% of the nation's total farm, ranch and forest land, were under foreign ownership in 2020
Another way of looking at it...
This is less than 20 miles square; the size of a small metro area but much less than the typical Midwest county. (640 acres per square mile.)
The value of that is a different story; assuming it's undeveloped land (rangeland to cropland) it would be $500/ac in AZ to $20,000/ac in IA. If it's commercial or residential potential, easily 5x that.
915 million acres . . . in the United States is farmland. So, 242,000 acres is 0.026%.
(approximately 190,000 acres of farmland owned by Chinese interests) The biggest number I found is 37.6 million acres, or about 2.9% of the nation's total farm, ranch and forest land, were under foreign ownership in 2020
Another way of looking at it...
This is less than 20 miles square; the size of a small metro area but much less than the typical Midwest county. (640 acres per square mile.)
The value of that is a different story; assuming it's undeveloped land (rangeland to cropland) it would be $500/ac in AZ to $20,000/ac in IA. If it's commercial or residential potential, easily 5x that.