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jwz: Bill Gates' Land Ownership According to O'Keefe, Gates isn't the only one making moves on the farmland market, especially as farm real estate values nationwide increased 7% from 2020 to $3,390 per acre. , said his investment group was behind the purchases, and suggested it was linked to seed and biofuel development. 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. Media billionaire Ted Turner has also invested in 2 million acres of land (much of it rangeland and prairie, rather than cropland) and earned the distinction of being the largest private owner of buffalo herds that roam the 200,000 acres of his private ranch, The Guardian reported. - Bill and Melinda Gates are taking on the new title of the biggest farmland owners in the United States, with a good chunk of that ownership being in Arkansas. Why Is Bill Gates Buying Farmland? How Much Does He Own? - Farmfolio Theres a more cynical calculation. Gates has been buying land like its going out of style. He said that this is where large tracts of rich farmland is used to raise livestock and grow many of the vegetables that end up in grocery aisles up and down the East Coast. Starting in 2012, Gates investment firm began buying family farms in South Georgia. Bill Gates Becomes the Largest Farmland Owner in the United - Peoplemag Investors bought a record 18.4% of the homes purchased in the fourth quarter of 2021 three-quarters of which were single-family homes. Public records suggest Cascade Investments has bought its farmland through a web of at least 22 limited liability shell companies across the country. That could spell an opportunity for young farmers hoping to get their start, but for savvy investors scrambling for more places to put their money, it also represents an opportunity. Gates and his investment team own more than 240,000 acres, as reported by Eric O'Keefe, including 2,167 acres in Michigan. 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. Gates portfolio comprises about 242,000 acres of farmland and nearly 27,000 acres of other land across 19 states, according to The Land Report, a magazine for land investors that tracks the nations biggest landowners. Apparently Bill Gates now owns almost 242,000 acres of land in the United States. | 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. While the Gateses are best known for their philanthropic work tackling large-scale societal problems, like funding the coronavirus vaccine and controlling malaria via the Bill and Melinda Gates Foundation, they have also invested in some companies rethinking food production and have endorsed the use of genetically modified seeds as one way to increase farming productivity and feed more people globally. 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. Bill Gates Is The Largest Owner Of Farmland In The US - Nation 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. Gates achievement, according to the report, is that hes largest private owner of farmland in the US. Bill Gates Doesn't Own That Much Farmland | Aaron Smith The sale was notable because it added to Gates' farmland holdings which includes large tracts of land in Illinois, Iowa, Louisiana, California, and about a dozen other states. 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. However, his largest land holdings are in Louisiana (69,071 acres), Arkansas (47,927 acres), Nebraska (20,588 acres . (Google Maps), Image: The building housing the offices of Cascade Investment in Kirkland, Wash., on May 22, 2021. Adding to the confusion, Blackstone was once a major investor in BlackRock, but sold off its stake in the 1990s. About 40 percent of farmland is owned by seniors 65 or older, according to 2014 estimates by the U.S. Department of Agriculture, meaning more farmland is expected to come on the market soon. Our inventory spans five western states. Maps Mania: The United Gates of America - Blogger So what is this guy planning? He owns 2m acres and has the worlds largest privately owned buffalo herd. 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The relationship to land who owns it, who works it and who cares for it reflects obscene levels of inequality and legacies of colonialism and white supremacy in the United States, and also the world. The conservation of lands is important, he said. In fact, this also means that you may not even have to apply for a loan to start the investment! The agency further found that over 50 percent of cropland is rented to farmers who dont own their land. Many people wonder why Bill Gates would make these moves with his investment portfolio. 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. It is unclear how cheap biofuels can be but if they are cheap it can solve the aviation and truck emissions.. If not for climate, then why is Bill Gates buying so much farmland? The agriculture sector is important, he wrote. 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'. This map shows that area as a rectangle that can be dragged. 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. Farmland offers a strategy that is completely separated from his other wealth and investments. Bill Gates may no longer be the world's richest man, but he can claim a new title: America's farmland king. For five generations, the Reed Family has owned and operated the logging company Green Diamond Resource Co. 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. Weve never been one of the big institutional buyers of single family homes, BlackRock said in response to one tweet. In total, Malone owns roughly 2.2million acres of land and has a net worth of around $9.22billion, earning him the nickname the Cable Cowboy.. The billionaire couple, in less than a. buying an increasing share of the U.S. housing market. 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. 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. How Much Land Does Bill Gates Own? | askBAMLand A 2018 purchase of 14,500 acres of prime eastern Washington farmland which is traditional Yakama territory for $171m helped him get that title. One per cent of the worlds farms control 70% of the worlds farmlands, one report found. So why did the Land Report, Our History Is the Future: Standing Rock Versus the Dakota Access Pipeline, and the Long Tradition of Indigenous Resistance. His 242,000 acres of farmland stretch across 18 states from Washington to Florida,. 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. 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. So why did the Land Report dub him Farmer Bill this year? Lots of articles on this are full of "4D chess" speculations about climate change blah blah, but the real reason for this seems to be very simple: "just to collect rent." The Emmerson family owns and operates Sierra Pacific Industries, a company that logs usable lumber after forest fires and sells it to lumber retailers. Not only is it usable by you, but land can be used for so many different things. The 14,000 acres in Washington is used for potatoes and in Florida the land is used for carrots. Bill Gates, who already owns close to 270,000 acres of land in the U.S Gates is now America's largest private farmland owner, with hundreds of thousands of acres spanning across 19 U.S. states, according to the Land Report. Farmland can be an investment in several ways. Bill and Melinda bought this massive mansion in the Coachella Valley for $12.5 million in 1999. The largest. He is an assistant professor in the American studies department at the University of New Mexico. It may even be easier to sell smaller lots than it would be to market the entire portion of land that you invest in. Leading Harvest requires farmland owners to work to continuously improve soil health, biodiversity, and water, air and crop quality on their farms as well as contribute positively to local communities, comply with regulations, and provide a safe and respectful working environment for employees, Zehren said. 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. 4 A Grimmway Farms employee moves a water pipe at one of their carrot farms in the Antelope Valley near Lancaster, Calif., in 2004. Malone owns several ranching and real estate businesses predominantly in Maine, New Mexico, Colorado and Wyoming. Marjorie Taylor Greene SHAMES Former . According to the Tri-City Herald, 14,500 acres of Eastern Washington farmland was recently sold to the couple for almost $171 millionthats nearly $12,000 an acre. Bill Gates is now the largest private landowner in the country. In an interview with CNBC, Malone said that his biggest motivation for purchasing land was preservation and he said he hopes to buy more. If the land is owned by the Cascade Investment Group or Cottonwood Ag Management it is likely that Bill Gates may be one of your neighbors. Private Residence at the Yellowstone Club in Big Sky, Montana: Estimated $5-25 Million. We would love to talk to you! According to 2021 article from the Land Report, a magazine about land ownership, Gates owns approximately 242,000 . 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. If they purchased the rest of their farmland for similar prices, that would put the value of their 242,000 acres at almost $3 billion. Along the Columbia River border between Washington and Oregon, the Gateses purchased 100 Circles Farm, a 14,500-acre plot of land, for $171 million in 2018, according to property and business records. All that farming has led to large water withdrawals from Florida's aquifer system and requires fertilizer, which leaches through the ground into waterways, emptying nitrogen that has led to destructive algae blooms and severe loss of fish and marsh habitats. According to the Land Report in 2021, the Gateses had 242,000 acres of farmland, 1,234 acres or recreational land, and 25,750 acres of land that was in transition from farmland to residential and . In 2010 the Gates Foundation Trust invested about $23 million in Monsanto, the genetically modified seed and chemical company, though it sold its shares the next year following outcry from environmental groups. Gates . Bill Gates is in the money flow business, and farmland, as well as other land, can generate a lot of money. 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). Since it works as an investment for him, it also includes the benefits of using land as an investment like he does. Bill and Melinda Gates' divorce puts massive farmland holdings in focus There are also growing trends revolving around the purchase of low acreage farmland and noncommercial farming. The family's 1.7 million acres of land are primarily spread across Washington, Oregon, and California. BlackRock is sometimes confused w/ Blackstone, which owned Invitation Homes. This means that there is not much to maintain on it unless you want to add your own buildings or other property. Like other investment opportunities, you can find land for sale online. Farmland CNBC 2.94M subscribers Subscribe 47K 4.5M views 1 year ago #CNBC Bill Gates made. Since then, weve sold to dozens of people from ATV weekend warriors to camping enthusiasts to retired truck drivers. Though the Gateses are major owners of American farmland, the couples holdings only represent a fraction of the 283 million acres of farmland that is owned and rented out by nonfarmers. The Microsoft co-founder faced several claims that he owned a majority of America's farmland earlier this year. In north Louisiana, the Gateses investment firm owns about 70,000 acres of land through at least three other shell companies. 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. They bought and later sold an additional 6,000 acres in Georgia, NBC News found. Why Bill Gates is the largest private farmland owner in the - Vox Ag Briefs: Bill Gates top private farmland owner in U.S. It was the highest priced land sale in the US that year. The billionaire recently came under severe criticism from a fourth-generation farmer in South Georgia for his farmland ownership in the U.S. Will Harris, who owns a 152-year-old family farm named. Follow Bill Gates: Do Not Invest In Tech, Invest In Farmland - Gizchina.com Bill Gates' 20,000 acres in Nebraska help make him the top farmland The 13,573-square-foot home has six bedrooms, 11 bedrooms and more luxury features than you can count. In fact, Gates is the owner of over 270,000 acres of farmland, which is worth over $700 million! (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. 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 Microsoft co-founder faced several claims that he owned a majority of Americas farmland earlier this year. You may have heard that Bill Gates owns a lot of land, but you may not know how much. At this valuation, Gates likely paid close to $2 billion for the luxury-hotel business. Bill Gates is now America's biggest farmer - The Telegraph Bill Gates now owns the most farmland of anyone in the United States, according to a recent report from The Land Report . Although the Bill & Melinda Gates Foundation is not directly connected with Cascade or its investments, it also has a farmland initiative: Gates Ag One, established in the Greater St. Louis area, with a mission to help 'smallholder farmers adapt to climate change and make food production in low- and middle-income countries more productive, resilient, and sustainable. Learn more about fact-checking at AP. What Land Does Bill Gates Own In Michigan? - PartyShopMaine A 2018 purchase of 14,500 acres of prime eastern Washington farmland - which is traditional. Much of Turner's land is used as grazing land for over 50,000 head of buffalo . Bill Gates acquired six parcels of land in Pembina County. 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. Bill and Melinda Gates own 70,000 acres of Louisiana farmland - NOLA The Microsoft co-founder is considered the largest private owner of farmland in the country with some 269,000 acres across dozens of states, according to last years edition of. 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. In this country, enslaved Black labor first built US wealth atop stolen Native land. 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 potential is endless. The Gates Rancho Santa Fe estate was purchased in 2014 because of its horse stables and proximity to a local race horse track. How the Mormon Church Beat Bill Gates in a Battle - The Daily Beast TRENDING: OUCH! Land can produce food, fuel, and manufacturing materials as well as provide environmental services, residential spaces, and more. ', In 2008, The Bill & Melinda Gates Foundation announced $306 million in grants designed to boost the yields and incomes of millions of small farmers in Africa as well as 'other parts of the developing world so they can lift themselves and their families out of hunger and poverty.'. 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. Why Bill Gates Is Buying Up U.S. Farmland - YouTube A few years ago, Bill Gates has announced plans to build a smart city outside of Buckeye in Arizona. The Microsoft co-founder acquired 14,500 acres of the fertile land in 2018, helping to make him the largest private farmland owner in the US, with total holdings of almost 250,000 acres,. ', Cascade did not elaborate on the agricultural land purchases other than to say that the company is 'very supportive of sustainable farming.'. The Associated Press reports that last week, billionaire Microsoft founder Bill Gates was cleared to purchase 2,100 acres of rural North Dakota farmland. In 1994 Bill and Melinda Gates are said to have hired Michael Larson to help them diversify their property portfolio. You can read more about us, here. He never did anything that different from before he got here and what other farmers were doing nearby.". Investors generally are nevertheless buying an increasing share of the U.S. housing market. In enrolling in Leading Harvest, Cascade has implemented new initiatives on its farmland holdings ranging from adding additional pollinator habitat in Nebraska to planting wildlife-friendly trees on dry pivot corners in Florida to hosting grain bin safety rescue training for the local community in Louisiana to converting numerous diesel power units to electric to reduce carbon output, to name a few, Zheren said. But theyre far better known for their work in tech and in trying to save the climate. Our inventory spans mostly in the western United States. It can be sold as a property (or multiple properties), it can be used to produce things that people buy, or it can be rented out, like much of the farmland in the United States. Gates shares ownership with Saudi Prince Alwaleed bin Talalthe two purchased the chain in 2007 for $3.8 billion. BlackRock, meanwhile, is also not the owner of the majority of single family houses in the country. While land is a limited resource, there is still less competition for raw land than there is with residential and commercial real estate. 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. According to The Land Report, the Microsoft co-founder owns farmland across 18 states, with the largest holdings being in Louisiana (69,071 acres), Arkansas (47,927 acres) and Nebraska (20,588. The worlds richest 1% emit double the carbon of the poorest 50%, an 2020 Oxfam study found. (Matt Odom / for NBC News), Image: John Quarterman (Matt Odom / for NBC News), Image: Philanthropist and co-founder of Microsoft, Bill Gates and his wife Melinda listen to the speech by French President Francois Hollande, prior to being awarded Commanders of the Legion of Honor at the Elysee Palace in Paris (Kamil Zihnioglu / Pool via Reuters), American businessman and philanthropist (born 1955). There . 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. These billionaires have nothing to offer us in terms of saving the planet unless its our land back. Properties up for grabs include a $123million mansion with a trampoline room and a $43million oceanfront mansion with a ten-person jacuzzi. Published: 18:36 ET, Dec 8 2022 Updated: 10:03 ET, Dec 9 2022 A MAP has revealed which billionaire owns the largest amount of land in the US - you'll be shocked to know that it isn't Bill Gates. If you said investment, then you are right. That makes Invitation Homes the, largest operator of single-family rental homes in the country, but still represents, BlackRock also suggested it was being confused for the similarly-named i. nvestment management firm Blackstone, which until recently owned Invitation Homes. 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. Single-family homes are priced between $5-25 million. The tech mogul, who is the. Is Bill Gates your farming neighbor? - Farm Progress 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. Bill Gates owns a lot of American farmland, but not the majority U.S. Census Bureau data shows fewer than 20% of such properties are rentals, and the vast majority of those are owned by individual investors, not institutional investors like BlackRock.