And not all the renters are local. The principal danger of private farmland owners like Bill Gates is not their professed support of sustainable agriculture often found in philanthropic work its the monopolistic role they play in determining our food systems and land use patterns. Bill Gates owns more land than all of the entire city of New Why Bill Gates Is Buying Up U.S. Through Sierra Pacific, the family owns some 2 million acres in California and Washington. Bill Gates is the largest private owner of American farmland, which is why so many people are wondering what he will use it for. Black, Mexican, Asian, and Native people, of course, were categorically excluded from the benefits of a federal program that subsidized and protected generations of white wealth. This can potentially earn you tons of money. Adjusted for inflation, average farm real estate values have generally risen since 1993, growing from less than $1,500 an acre in the mid-90s to over $3,000 an acre in 2020, according to the USDA. Dr. Alan Busacca, professor emeritus at Washington State University, told Land Report at the time that the fertile land in the area was used for growing 'apples, cherries, carrots, dryland and irrigated wheat, and row and field crops'. In Washington, the Gateses own more than 14,000 acres of farmland that includes potato fields so massive that they are visible from space and some of which are processed into french fries for McDonalds. Not only that, but it fits in with Gates values as a philanthropist because he can keep the farmland healthy for future generations. In Nebraska where he owns 20,000 acres, it is used for soybeans. These purchases are also a direct result of their daughters equestrian career hopes because of Wellingtons close proximity to the Palm Beach International Equestrian Center. He owns 242,000 acres, which is equivalent to the area of Fannin County GA. What Is The Banking Process To Buy Raw Land, Price Of Agricultural Land In The Philippines. This means that there is not much to maintain on it unless you want to add your own buildings or other property. The agency further found that over 50 percent of cropland is rented to farmers who dont own their land. In total he owns 268,984 acres of land of all types in 19 states, including a suburb up for development - as a so-called 'smart city' - outside Phoenix, Arizona. CLAIM: Microsoft co-founder Bill Gates owns the majority of Americas farmland and the investment firm BlackRock holds the majority of single family houses in the country. The farmland real estate investment trust (REIT) Farmland Partners, which owns 156,500 acres in 16 US states, has seen its traded value more than double since November and is trading near an. Almost 300,000 acres is a lot of land for one family or private individual to own, but it's still just a. And we think it will provide good inflation protection in the long run. Public records suggest Cascade Investments has bought its farmland through a web of at least 22 limited liability shell companies across the country. Quarterman also serves as the Suwannee Riverkeeper and advocates for conservation of the intricate network of springs and rivers in the region, where water from the swamps of Georgia flow into Florida before they release into the Gulf of Mexico. In May, Microsoft co-founder Bill Gates and his wife Melinda Gates revealed in a Twitter statement their decision to end their marriage after 27 years. A hint at Gates huge farm holdings emerged in a 2014 Wall Street Journal profile of Michael Larson, the money manager who serves as Cascades chief investment officer. In total, Bill and Melinda Gates have acquired land in more than a dozen states. Of those rentals, less than a third are owned by non-individual investors, according to a 2022 report by Harvard Universitys Joint Center for Housing Studies. This means that you can find good deals that may be just the thing you are looking for. An NBC News analysis also identified Gates as the largest farmland owner in the US. That program ensures agriculture on the land is audited to meet standards, like soil health and water management, created by the nonprofit Leading Harvest, which counts one of the subsidiaries of Gates investment firm as a partner. The area off Interstate 10, called Belmont, has space for 80,000 homes as well as more than 4,000 acres for schools, offices, and stores; and 3,400 acres of open space. We would love to talk to you! The land that Bill Gates owns is used to grow soybeans, corn, cotton, and rice over 70,000 acres in northern Louisiana. Gates has been buying land like its going out of style. The LandReport, a magazine that provides news and insight on America's landowners, recently estimated that Microsoft founder Bill Gates is the largest farmland owner in the U.S., owning about 242,000 acres. Gates shares 95% of the ownership with Saudi Prince Alwaleed bin Talal. The January 11 issue of The Land Report is worth reading. askBAMLand.com is a participant in the Amazon Services LLC Associates Program, an affiliate advertising program designed to provide a means for sites to earn advertising fees by advertising and linking to Amazon. On Friday, a showdown between two of the largest agricultural landowners in the United Statesthe Church of Latter-Day Saints and Bill Gates ' wealth management firmcame . The opportunities are virtually endless. (Ruth Fremson/The New York Times) (Ruth Fremson / The New York Times via Redux Pictures), John Quarterman on his farm in Lowndes County, Ga. (Matt Odom / for NBC News), John Quarterman stands by the Withlacoochee River. has grabbed headlines in recent days, some prominent voices have taken to social media to claim that some other significant acquisitions by deep-pocketed individuals and corporations have largely flown under the radar. Bill Gates, one of the most powerful billionaires in the world and co-founder of tech giant Microsoft, and wife Melinda are ending their 27-year marriage, the two tweeted in unison on Monday. A few years ago, Bill Gates has announced plans to build a smart city outside of Buckeye in Arizona. Estate in Indian Wells, California: $12.5 Million. The billionaire Microsoft co-founder has become the largest owner of farmland in the. The trend worries young farmers who cannot compete with the likes of Bill Gates when buying land, according to Holly Rippon-Butler, a farmer in upstate New York and the land campaigns director at the National Young Farmers Coalition. And that its going to take big swaths of land, like what Bill Gates has taken, to do that, said Konda Mason, the founder and president of Jubilee Justice and Potlikker Capital, which funds and supports regenerative agriculture projects owned by people of color. Farmland can be an investment in several ways. A MAP has revealed which billionaire owns the largest amount of land in the US - youll be shocked to know that it isnt Bill Gates. The billionaire Microsoft co-founder has become the largest owner of farmland in the United States by quietly buying up massive plots across the county, a new report says. In this country, enslaved Black labor first built US wealth atop stolen Native land. Bill Gates is now the largest private landowner in the country. Both companies were founded in 2012 with the same address as Cascade Investments in Kirkland, which later changed its mailing address to a Louisiana post office box assigned to Oak River Farms, another subsidiary of Cascade. The land is owned both directly and indirectly by Cascade Investment, the Seattle-area firm that Gates the worlds third-richest man with a net worth of $132 billion, according to Bloomberg set up to manage his massive fortune, according to The Land Report. Bill Gates has secured legal approval for his North Dakota farmland purchase But the deal drew scrutiny under a 1932 anti-corporate farm ownership law Now state AG says the deal is legal, because . We know that one of the best ways to sequester carbon is through the soil. The Microsoft co-founder faced several claims that he owned a majority of Americas farmland earlier this year. That makes Invitation Homes the largest operator of single-family rental homes in the country, but still represents a tiny fraction of all such homes. 23:06 GMT 15 Jan 2021 While land is a limited resource, there is still less competition for raw land than there is with residential and commercial real estate. THE FACTS: As Elon Musks bid to purchase Twitter has grabbed headlines in recent days, some prominent voices have taken to social media to claim that some other significant acquisitions by deep-pocketed individuals and corporations have largely flown under the radar. by Harvard Universitys Joint Center for Housing Studies. Listen to article. One per cent of the worlds farms control 70% of the worlds farmlands, one report found. Can You Build A Wedding Venue On Residential Land? So while the tech mogul certainly owns a large constellation of farms, its nowhere close to the majority nationwide. Last year, Bill and Melinda purchased a sprawling beachfront 6-bedroom, 4-bath home in Del Mar, Californiaoutside of San Diegofor $43 million. The 65-year-old's largest holdings include 69,071 acres in Louisiana, 47,927 acres in Arkansas,25,750 acres in Arizona, 20,588 acres in Nebraska and16,097 in Washington state. Bill Gates' 20,000 acres in Nebraska help make him the top farmland owner in the U.S. Christopher Burbach Jan 24, 2021 Updated May 17, 2022 0 1 of 10 This cropland west of Malmo, Nebraska, is. Bill Gates now owns almost 242,000 acres of the continguous USA. The worlds richest 1% emit double the carbon of the poorest 50%, an 2020 Oxfam study found. The Microsoft co-founder faced several claims that he owned a majority of America's farmland earlier this year. That doesnt mean that every piece of land is a good investment, but a significant amount of land will offer a high return on investment. Bill Gates, the billionaire founder of Microsoft, has been revealed as the biggest private owner of farmland in the US, after buying up 242,000 acres in 18 states. This is part of APs effort to address widely shared misinformation, including work with outside companies and organizations to add factual context to misleading content that is circulating online. Gates and his investment team own more than 240,000 acres, as reported by Eric O'Keefe, including 2,167 acres in Michigan. Land is power, land is wealth, and, more importantly, land is about race and class. BlackRock is sometimes confused w/ Blackstone, which owned Invitation Homes. The family's 1.7 million acres of land are primarily spread across Washington, Oregon, and California. That crown belongs to Liberty Media chairman John Malone, who has 2.2 million acres, according to The Land Report. Cascade Investments declined to comment on its interest in acquiring so much American farmland, but a spokesperson for the firm, Charles V. Zehren said it is very supportive of sustainable farming. He pointed out that in 2020, the acreage that Bill Gates firm owns was all enrolled in a sustainability program. Quarterman guessed that may be because Bill Gates isnt the one doing the farming. Our inventory spans five western states. This means that you can find good deals that may be just the thing you are looking for. Gates is not the only billionaire on The Land Report 's list of top private farmland owners. That means Gates, whose net worth is estimated at some $134 billion according to Forbes annual ranking of the richest people in the country, owns less than one percent of the nations total farmland. MINOT, N.D. North Dakotans like to pride themselves on being pro-property rights. As more and more land becomes developed, less and less raw land is available, which potentially increases the value as demand remains the same or even increases. Bill Gates owns more private farmland in the US than anyone else, an analysis by The Land Report found. There are also ways to generate passive income on the land without selling it because you can lease the land or sell the mineral rights, among other methods. You can read more about us, here. My investment group chose to do this, Bill Gates said on Reddit in March when asked about his farmland purchases while promoting his latest book, How to Avoid A Climate Disaster. It is not connected to climate. He did acknowledge that more productive farming techniques can help reduce deforestation in other parts of the world. Murdaugh is heckled as he leaves court, Ken Bruce finishes his 30-year tenure as host of BBC Radio 2, Ukrainian soldier takes out five tanks with Javelin missiles, Family of a 10-month-old baby filmed vaping open up, Missing hiker buried under snow forces arm out to wave to helicopter, Hershey's Canada releases HER for SHE bars featuring a trans activist, Moment teenager crashes into back of lorry after 100mph police race. As more and more land becomes developed, less and less raw land is available, which potentially increases the value as demand remains the same or even increases. The land we all live on should not be the sole property of a few. Financial titans like Prudential and Hancock have divisions specifically for investors looking to make money on farmland portfolios. Bill and Melinda Gates, who recently announced they're getting divorced and are dividing their assets, are deeply invested in American agriculture. The billionaire knows best mentality detracts from the deep-seated realities of colonialism and white supremacy, and it ignores those who actually know best how to use and live with the land. A 6,300-acre farm owned by Bill Gates in Madison County could become the site of one of the nation's largest solar farms. When Bill Gates, or whatever other investment arm owns the land, a farmer still needs to farm it. Like other investment opportunities, you can find land for sale online. The Gates family currently [] Through our professional experience in land acquisition, we have found that people buy and sell land for many different reasons and have learned that it can be an investment for profit, vacation, or any opportunity that suits your needs and desires. The largest. Farmer Bill. He also reportedly owns about 16,000 acres in his home state of Washington, including a 14,500-acre tract in the Horse Heaven Hills region that was purchased for nearly $171 million. Gates owns almost 9,000 acres in Ohio, just over 9,000 acres in Indiana, nearly 18,000 in Illinois, but only 552 acres in Iowa. Why should striking rail and postal workers get a big pay rise while our pay packets remain stagnant or worse? Mason notes that trying to draw hard lines between ones philanthropic work and ones investments does not work. What expertise in climate science or agriculture Gates possesses beyond being filthy rich is anyones guess. Members of the Stanley family now work for Generations. 07:04 GMT 16 Jan 2021. Malone's 2.2 million acres are largely located in Maine, New Mexico, Colorado, and Wyoming and include profitable cattle ranches. The Microsoft co-founder and his former wife, Melinda, are the top farmland owners in. | Chuck Collins, Original reporting and incisive analysis, direct from the Guardian every morning, Land is power, land is wealth, and, more importantly, land is about race and class. 2023 NYP Holdings, Inc. All Rights Reserved, BillGatesbuys nearly $1B Heineken stake despite not being a big beer drinker, Bill Gates daughter living in $51M NYC home as she welcomes first baby, Elites want to use AI to censor political opponents, Bill Gates claims his private jet habit not part of the climate problem. The company also took to Twitter to reject the false narrative. Lemmon Holdings, the billionaire spent $80 million to purchase. You may have heard that Bill Gates owns a lot of land, but you may not know how much. Bruere said some states such as Iowa enforce foreign ownership restrictions to prohibit foreign ownership or limit . That kind of hard work isnt what made him rich. Farmland can be an investment in several ways. It is possible to make high double digit returns on land that you bought for an affordable price only a few years prior. Investment firms are making the argument farmlands will meet carbon-neutral targets for sustainable investment portfolios while anticipating an increase of agricultural productivity and revenue. Renewable energy company Savion has an option to buy the property for what . 2,167 acres. It can be used for residential development, commercial projects, industrial zoning, public or semi-public use, agriculture, or right of way (a way for others to access a different piece of land or portion of the land). Adding to the confusion, Blackstone was once a major investor in BlackRock, but sold off its stake in the 1990s. The United States is defined by the excesses of its ruling class. Bill and Melinda have diversified their portfolioworth more than $130 billionfor years, and one of their favorite investments is real estate. In January 2021, Bill Gates became the largest owner of farmland in the United States. With the Washington state acreage and other additions to his portfolio, The Land Report estimates that Gates now owns at least 242,000 acres of American farmland. A 2018 purchase of 14,500 acres of prime eastern Washington farmland which is traditional Yakama territory for $171m helped him get that title. If you own a good amount of land, then you have the possibility of subdividing it into multiple lots that can generate separate income streams. A survey of the Gateses farmland holdings shows that a broad range of the vegetables that Americans eat can be traced back to his land and that some of this land has also been owned by other billionaires. Bill and Melinda have purchased numerous properties in Wellington, Florida, over the years. As more and more land gets developed, if you own land that is in the path of the plan, you could have buyers offering you big money to take hold of the property. But a Gates spokesperson said in a statement on Friday that the claim that hes bought the majority of the nations farmland is false, pointing to. One of those farms, Stanley Farms, specialized in Vidalia onions, and another, Coggins Farms, focused on growing carrots. In 1994 Bill and Melinda Gates are said to have hired Michael Larson to help them diversify their property portfolio. His 242,000 acres of farmland stretch across 18 states from Washington to Florida,. In 2018 Gates reportedly bought about 16,000 acres in his home state of Washington, including a 14,500-acre tract in the Horse Heaven Hills region that was purchased for nearly $171 million from an insurance company that had paid $75million for it in 2010. He also owns three hotels in Dublin, Ireland, and a fourth in Limerick. In total, Gates owns approximately 242,000 acres of farmland with assets totaling more than $690m. While those companies dont explicitly name Cascade Investments as the owner in their public records, they do share the address of Cascade in Kirkland, Washington, or the address of a Cascade subsidiary, list the names of Cascade employees who registered the companies and sometimes even email addresses from the Bill and Melinda Gates Investment Group. Renewable energy company Savion has an option to buy the property for what is being called Oak Run Solar Project, according to Madison County property records. Investors generally are nevertheless buying an increasing share of the U.S. housing market. Since 2017 he reportedly holds a significant stake in 24,800 acres of land on the west side of Phoenix. This can be an affordable way to get started with your raw land investments. You just have to keep it relatively clean, mow it, and pay property taxes. . There are more than 85 million single-family homes in the country, and only around 15 million of those are rentals, according to the latest American Housing Survey by the Census Bureau. Weve never been one of the big institutional buyers of single family homes, BlackRock, single-family rentals nationwide. According to the Land Report 100 Research Team, that figure is currently more than twice that amount, which means Bill Gates, cofounder of Microsoft, has an alter ego: Farmer Bill, the guy who owns more farmland than anyone else in America. Bill Gates does not own the majority of U.S. farmland. Although the price that the Gates paid for this property was never made public, theres a $300,000 initiation fee, and more than $37,000 in annual feesand you still have to purchase a home within the community. The Case for Bill Gates: Microsoft Corp co-founder is largely considered the biggest private owner of farmland in the U.S. with nearly 270,000 acres. Single-family homes are priced between $5-25 million. While Gates owns nearly 270,000 acres of farmland across the US, he isnt the largest landowner in the country. Gates, in an Ask Me Anything session on Reddit last year, said his investment group was behind the purchases, and suggested it was linked to seed and biofuel development. Cascade did not immediately respond to a phone message Friday, and the company declined to comment to The Land Report other than to say that Cascade is very supportive of sustainable farming, the outlet said. It also offers proven return rates. Gates and his investment team own more than 240,000 acres, as reported by O'Keefe, including 2,167 acres in Michigan. There, on Gates parcels, an industrial farm grows potatoes for McDonalds french fries. Some of that land, including nearly 300 acres, was sold in 2019 to the California-based Grimmway Farms, the worlds largest carrot producer. The farmland was purchased through a constellation of companies that all link back to the couples investment group, Cascade Investments, based in Kirkland, Washington. One answer might surprise you: While trying to track down who recently purchased 14,500 acres of choice farmland in Washington state's Columbia River Basin, researchers at The Land Report discovered the new owner was Microsoft co-founder Bill Gates. After all, few can out-bid Bill Gates. The six-bed Del Mar home, which boasts a ten-person jacuzzi and swimming pool overlooking the ocean, was bought by the couple in late Marchas the international coronavirus pandemic began to take hold. It also is a shareholder in the plant-based protein companies Beyond Meat and Impossible Foods as well as the farming equipment manufacturer John Deere. When fully developed the area could be home to 200,000 residents and be similar in size to the Phoenix suburb of Tempe, The Land Report said. He is an assistant professor in the American studies department at the University of New Mexico. Raw land is not developed. Beach House in Del Mar, California: $43 Million. The land that Bill Gates owns is used to grow soybeans, corn, cotton, and rice over 70,000 acres in northern Louisiana. Now in its 15th edition, this landmark study tracks the diverse array of farmers, ranchers, forest owners, entrepreneurs, and investors who own at a minimum 243.75 square miles. While the Gates own a lot of farmland, nonfarmers own 283 million acres of farmland throughout the U.S. if(typeof ez_ad_units!='undefined'){ez_ad_units.push([[300,250],'askbamland_com-medrectangle-4','ezslot_3',103,'0','0'])};__ez_fad_position('div-gpt-ad-askbamland_com-medrectangle-4-0'); This article will go into detail about how much land Bill Gates owns and why he owns so much. ', Cascade did not elaborate on the agricultural land purchases other than to say that the company is 'very supportive of sustainable farming.'. But he didn't, Quarterman said. The option expires Oct. 31, 2024. The project is in its early . Starting in 2012, Gates investment firm began buying family farms in South Georgia. Which is where the Bill Gates' Land Ownership interactive map comes in. According to the Land Report 100 Research Team, that figure is currently more than twice that amount, which means Bill Gates, co-founder of Microsoft, has an alter ego: Farmer Bill, the guy who owns more farmland than anyone else in America. In Georgia and Florida, NBC News independently confirmed through research of property records that the Gateses investment firm owns more than 7,000 acres through two limited liability companies, Lakeland Sands and Lakeland Sands Florida, LLC. Properties up for grabs include a $123million mansion with a trampoline room and a $43million oceanfront mansion with a ten-person jacuzzi. Right? Bill Gates has never been a farmer. A white man owns more farmland than my entire Native nation! Bill and Melinda bought this massive mansion in the Coachella Valley for $12.5 million in 1999. He added: 'In addition, the states oldest winery, Chateau Ste. , updated But billionaire class assertions that they are philosopher kings and climate-conscious investors who know better than the original caretakers are little more than ruses for what amounts to a 21st century land grab with big payouts in a for-profit economy seeking green solutions. Like wealth, land ownership is becoming concentrated into fewer and fewer hands, resulting in a greater push for monocultures and more intensive industrial farming techniques to generate greater returns. The 13,573-square-foot home has six bedrooms, 11 bedrooms and more luxury features than you can count. But, As of February 2021, Gates has made headlines across the wor. Malone made the decision to put billions of his wealth into land ownership after spending a summer working on a family farm in Pennsylvania. Farmland CNBC 2.94M subscribers Subscribe 47K 4.5M views 1 year ago #CNBC Bill Gates made. Bill Gates owns a lot of American farmland, but not the majority By PHILIP MARCELO May 2, 2022 CLAIM: Microsoft co-founder Bill Gates owns the majority of America's farmland and the investment firm BlackRock holds the majority of single family houses in the country. Last year, Cascade Investment made a second major investment in Arizona by acquiring more than 2,800 acres known as Spurlock Ranch in Buckeye for $25 million, that could be built out to include 8,500 homes. if(typeof ez_ad_units!='undefined'){ez_ad_units.push([[300,250],'askbamland_com-box-4','ezslot_4',104,'0','0'])};__ez_fad_position('div-gpt-ad-askbamland_com-box-4-0'); Well, why would you think that a billionaire would want to own land? Arable land is not just profitable. In May, Bill Gates also transferred about $850 million in shares of the agricultural machinery company John Deere to his wife after the two shared publicly their plans to divorce. The piece noted that the firm owns at least 100,000 acres of farmland in California, Illinois, Iowa, Louisiana and other states or an area seven times bigger than Manhattan.. It also allows you to keep a portion of the land for personal use so you do not have to give up your weekend home or relaxation property. A 2018 purchase of 14,500 acres of prime eastern Washington farmland - which is traditional. It will not tell you that Bill Gates is your neighbor. Nick Estes is a citizen of the Lower Brule Sioux Tribe. In emails, BlackRock spokesman Christopher Beattie told The Associated Press that the firm. Except, it seems, when it comes to a private individual selling some land to iconic billionaire Bill Gates. FILE - Bill Gates attends a discussion during the 'Munich Security Conference' in Munich, Germany, Friday, Feb. 18, 2022. The acquisitions are held directly, as well as through Gates' personal investment entity, Cascade Investments. BlackRock also suggested it was being confused for the similarly-named investment management firm Blackstone, which until recently owned Invitation Homes. The outlet reported this week that Gates, 65, owns 268,984 acres of. Bill Gates, the billionaire founder of Microsoft, has been revealed as the biggest private owner of farmland in the US, after buying up 242,000 acres in 18 states. Dailymail.com Reporter Through his subsidiary Mt. Bill and Melindas main residenceand by far their most impressive homeis a massive compound in Medina, Washington nicknamed 'Xanadu 2.0' in a reference to, Undisclosed Sale Price (Listed for $8.9 Million). That title goes to John Malone, the former CEO of Tele-Communications Inc, which was purchased by AT&T Inc in 1999 for more than $50billion. Bill Gates' purchase of a large patch of land in North Dakota has sparked fury and conspiracy theories on social media after the Microsoft billionaire secured legal approval to purchase the. Recently, an article in Land Report stated that Bill Gates owns more American farmland than anyone else. That was a virus I got from Ted Turner.. If you are unsure where to start, you can also check country tax sales. It just seemed like a good thing to do., 2020 THE SUN, US, INC. ALL RIGHTS RESERVED | TERMS OF USE | PRIVACY | YOUR AD CHOICES | SITEMAP, A map has revealed which billionaire owns the most land in the US, and it's not Bill Gates, John Malone owns about 2.2million acres of land across the United States, In comparison, Microsoft co-founder Bill Gates owns about 270,000 acres of farmland, Malone is worth an estimated $9.22billion, Meet the largest landowner in the US as map reveals stunning amount of land billionaire owns and its not Bill Gates. These shell companies have made it difficult to find out where and how much farmland the Gateses own even for local farmers, like John S. Quarterman, a farmer and landowner who grows okra, corn, squash and other vegetables in Lowndes County on the southern edge of Georgia. Mansion in Rancho Santa Fe, California: $18 Million. The potential is endless. Bill Gates: America's Top Farmland Owner | The Land Report. In fact, he reportedly owns more farmland than any other individual in America. He backed Impossible Foods, which relies on genetically modified soybeans, and also held shares of Beyond Meat through the Bill and Melinda Gates Foundation Trust, though SEC filings show those shares were sold in 2019.
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