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The Southern Homestead Act opened up 46,398,544.87 acres (about 46 million acres or 190,000 km 2) of public land for sale in the Southern states of Alabama, Arkansas, Florida, Louisiana, and Mississippi.
Given the $0.15 per pound production cost, this would reduce per acre profits by over 90%. As a result, farmland values collapsed: by 1819, prices fell to around $0.20 per acre, [3] and by 1820, Alabama land buyers collectively owed the federal government $21 million, $12 million of which was owed by Alabama itself. [7]
The claimed homestead could include the same land which they had previously filed a preemption claim (on up to 160 acres at $1.25 per acre, or up to 80 acres of subdivided and surveyed land at $2.50 per acre), and they could expand their current ownership to contiguous adjacent land up to 160 acres total.
But to encourage more sales and make them more affordable, Congress also reduced both the minimum price (from $2.00 to $1.25 (equivalent to $27 in 2023 [1]) per acre ($495 to $309/km 2)) and the minimum size of a standard tract (from 160 to 80 acres (647,000 to 324,000 m 2)). The minimum full payment now amounted to $100, rather than $320. [2]
This is a list of plantations and/or plantation houses in the U.S. state of Alabama that are National Historic Landmarks, listed on the National Register of Historic Places, listed on the Alabama Register of Landmarks and Heritage, or are otherwise significant for their history, association with significant events or people, or their architecture and design.
Overton Farm is a historic farmhouse near Hodges, Alabama, United States. The farmstead was founded by Abner Overton, a traveling tobacco merchant from Raleigh, North Carolina . Overton purchased 160 acres (65 ha) in a bend of Bear Creek in 1817.
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A common definition of what constituted a plantation is that it typically had 500 to 1,000 acres (2.0 to 4.0 km 2) or more of land and produced one or two cash crops for sale. [3] Other scholars have attempted to define it by the number of enslaved persons. [4]
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