Foreigners owned 5.6 million acres of U.S. agricultural land as of February 1, 1980. This is slightly less than 0.5 percent of all privately held agricultural land, and less than 0.25 percent of all land in the United States. This share is unlikely to have any aggregate impact on agriculture, either positive or negative. However, some communities could be locally affected in areas of heaviest concentration. These conclusions are based on an analysis of reports submitted in compliance with the Agricultural Foreign Investment Disclosure Act of 1978.