Foreigners owned 12.5 million acres of U.S. agricultural land as of December 31, 1987. This is slightly less than 1 percent of all privately held agricultural land and 0.5 percent of all land in the United States. These and other findings are based on an analysis of reports submitted rincmooRmIAt. o plBioanK ccoeuwEcintohn the Agricultural Foreign Investment Disclosure Act of 1978