In recent decades a substantial shift in landownership has taken place in rural America as millions of acres of land have come under the ownership and control of various financial institutions. This article outlines a political economic framework for explaining and interpreting the significance of this proliferation of institutional investments into rural lands. Focusing on two of the nation's most important rural land resources-timberland and farmland-I suggest that we are witnessing an unprecedented integration between finance capital and landownership that harkens back to previous eras of rentier control.