Land in the United States is privately owned, and there are no restrictions on the purchase of land by people with the nationality of the country, for this reason, a large number of owners of millions of acres, even tens of millions of acres, have emerged, and in 2023, the largest landowners in the United States, the area has further increased, reaching 14.4 million acres including arable land and forest land.
According to Successful Agriculture's 2023 Land Report: Who owns the most land in the United States? Who is the largest landowner in the United States? "The Land Report 100 research team, which has been working on this question for many years, has given this answer.
By the beginning of 2024, the largest landowner in the United States is Red Emerson. Rader and his family own more than 14.4 million acres of land in California, Oregon and Washington through their timber products company, Sierra Pacific Industries.
In 2021, the Emerson family acquired 175,000 acres of land in Oregon from the Seneca Timber Company, becoming the largest landowners in the United States. With this acquisition, the Emersons have more land than John Malone, the chairman of second Liberty Media, by 12.4 million acres.
The third is CNN's founder, Ted Turner, who owns 12 million acres of land in the southeast, Great Plains and western United States.
Microsoft co-founder Bill Gates is the largest farmer in the United States, with more than 1.56 million acres of land. Founder of China Shanda Investment Group*** became the owner of nearly 1.2 million acres of woodland in Oregon in 2023.
Land in the United States is mainly privately owned and can be freely transferred and developed. In the United States, the law protects private land ownership from being infringed upon, and can be freely bought, sold, and rented,** as determined by market supply and demand. Individuals and developers who have acquired the land can apply to ** to build a house if they meet the relevant planning requirements, and after the construction is completed, they can live in it, rent it out or **.
Private ownership of land in the United States, however, the real estate tax is also very high, the more land, the more taxes, in the United States you can see that a dollar can buy a few acres of land or even more!
The United States recognizes private ownership of land, but owning land is subject to taxes, which are real estate taxes, which are based on 15% real estate tax is calculated. If the land is worth $1 million, the landowner should pay about $1 per year$50,000 in taxes.
The more land you have, the more taxes you have, and you can see that a dollar in the United States can buy acres of land or even more! When an individual is unable to pay the land tax after purchasing the land, the land title is forfeited. Therefore, private ownership of land in the United States is not essentially ownership, and it is similar to the model of leasing and public housing.
The annual real estate tax paid by the big landowners in these rankings is also astronomical.