Texas leads the nation when it comes to all kinds of agriculture, from cattle to cotton as well as ranch land. But the state is also a front-runner when it comes to foreign-owned agricultural land. Non-U.S. landowners own about $3.3 billion worth of property, and some farmers and politicians are expressing concern that it’s hurting Texans’ interests.
“If you sort of stacked up Hays County, Travis County [and] Williamson County from end to end, it’d be about that big. …It’s more than any other state by far,” he says.
What you’ll hear in this segment:
— What’s driving the growth of foreign ownership of Texas agricultural land
— The role of Chinese and Canadian investors in Texas agriculture, and why tax benefits apply to foreign investors
— How this trend affects smaller, locally owned farms
Written by Caroline Covington.