Iowa Nonresident Alien Land Ownership Report
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How to fill out Iowa Nonresident Alien Land Ownership Report?
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FAQ
At one time, Iowa law set a 10 acre minimum for the definition of a farm, but that has since been repealed. A directive from the Iowa Department of Revenue (PDF) was sent to all assessors in 2017, stating that Assessors must no longer use the 10 acre minimum to classify property.
The most recent record-breaking sale ? at $30,000 per acre ? took place at auction in Iowa. The seller, the Kraai family of Sioux County, was represented by Zomer Company Realty & Auction. The buyer and runner-up were reportedly local farmers.
One of Iowa largest contiguous farms, the Amana Farms is made up of 26,000 acres with award-winning crop fields, a 2,400 cow/calf herd, a 4,000 head cattle feedlot, an anaerobic digester, and Iowa's largest privately held forest.
1. EMMERSON FAMILY. The nation's largest private landowners, California's Emmerson family, are a prime example of this trend. Through their Sierra Pacific Industries, the Emmersons increased their landholdings by more than 100 square miles to over 2.4 million acres.
Summary of the 7 Largest Landowners in Iowa RankOwnerLand Size1Iowa Department of Natural Resources425,000 acres2Holding Family400,000 acres3Land Trusts286,031 acres4Federal Government122,603 acres3 more rows ?
Iowa Code chapter 9I places restrictions on foreign ownership of agricultural land. Nonresident aliens may not own agricultural land. Exceptions exist for land: Acquired before January 1, 1980.
As for Ernst's native Iowa, 507,519 of its 35.8 million acres, or 1.5 percent, are foreign-owned. Neighboring Illinois, with almost the exact amount of farmland as the Hawkeye State, however, holds almost two times as much foreign-owned ag land.
Joe Burrow, Blake Griffin, and roughly 20 other athletes are purchasing a 104-acre farm in Iowa for roughly $5 million. <br><br>The group will eventually buy 4 more properties ? leasing the land to farmers and seeking a single-digit-percentage annual return on the total investment.