The Agricultural Foreign Investment Disclosure Act (AFIDA) is a federal law requiring foreign individuals and entities to report their U.S. agricultural land holdings to the U.S. Department of Agriculture (USDA) to maintain transparency and monitor foreign investment in American farmland.
A hectare is a metric unit of area measurement used in the real estate industry, equivalent to 10,000 square meters or approximately 2.471 acres. It is commonly used for larger plots of land in agricultural, forestry, and urban planning contexts.
Pasture and Grazing Land refers to a category of agricultural land utilized primarily for grazing livestock. This type of land can also be rotated or converted to crop use depending on economic and agricultural conditions.
Rollback refers to the retroactive claim by a taxing authority of a higher tax rate when property is sold after being taxed at a special use rate or when the land is put to a more valuable use.
