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United States Land Purchases By Foreigners #260018

CBS Evening News for Tuesday, Jan 16, 1979
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(Studio) Recent concerns about foreign oil men and bankers' purchase of US farmland noted. Report is on government study of situation.
REPORTER: Walter Cronkite

(Miami Beach, Florida) Details of Senator study and of farm reaction to it given. Purchases in Georgia given as exs. [Real estate agent Philip BEEGLE - says pol. stability in United States is major reason for foreign purchases and farm land is bought as long-term hedge against inflation.] Farmers' examination of court records with regard to foreign purchasers because of feeling that family farm is being threatened noted. [American Farm Bureau Federal Vice President Robert DELANO - comments.] Requirements of Agriculture For. Investment and Disclosure Act, effective last October, stated.
REPORTER: Martha Teichner

Reporter(s):
Cronkite, Walter;
Teichner, Martha
Duration:
00:02:20

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