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.. 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. A 2018 purchase of 14,500 acres of prime eastern Washington farmland - which is traditional. So while the tech mogul certainly owns a large constellation of farms, its nowhere close to the majority nationwide. 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. The opportunities are virtually endless. We would love to talk to you! 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. This could give you a place to relax or to even build a small vacation home. He owns significantly more farmland than Minnesota's Offutt family and California's Resnick family, which each own 190,000 acres and rank second equal on the list. The land that Gates owns is located in several states and consists primarily of commercial farmland. So why did the Land Report dub him Farmer Bill this year? Theres a more cynical calculation. 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. Weve been trained by experience, land acquisition courses, and hundreds of hours meeting with county assessors and clerks, zoning officials, realtors, and land investors. 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). 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. Land holds ample opportunities for growth and development, yet you may find that there is more land than there is competition. These billionaires have nothing to offer us in terms of saving the planet unless its our land back. That land is now largely rented out to various farmers. 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. retail, office buildings, hotels and apartment complexes, rather than single-family homes, but he declined to provide a breakdown. The extensive tax avoidance by these titans of industry will always far exceed their supposed charitable donations to the public. Nor does he put in the back-breaking labor humble people do to grow our food and who get far less praise for it. 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. Investors generally are nevertheless 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. Malone continued, the forestry part of it in the Northeast is a pretty good business, with very low return on capital, but very stable and leverageable. In total, Gates owns approximately 242,000 acres of farmland with assets totaling more than $690m. His firms largest farmland acquisition happened in 2017, when it acquired 61 farming properties from a Canadian investment firm to the tune of $500m. than 85 million single-family homes in the country, and only around 15 million of those are rentals, Of those rentals, less than a third are owned by non-individual investors, according to. The Gates Foundation said in a statement that its agriculture efforts do not extend to farming in the U.S. In 2014, he reportedly purchased more than 4,500 acres in Suwannee County, Florida, for nearly $28 million. Brittany has been in the land business since 2020 when the world was starting to shut down. The billionaire Microsoft co-founder has become the largest owner of farmland in the. the latest American Housing Survey by the Census Bureau. Bill Gates investment company, Cascade Investments, has invested in hundreds of thousands of acres of farmland in the last 10 years. In other words, when the economy is struggling, the value of farmland generally doesnt depreciate. Gates diversified his investment portfolio through land ownership, but why? And we think it will provide good inflation protection in the long run. In Nebraska where he owns 20,000 acres, it is used for soybeans. In addition, the land is audited to meet sustainability standards including soil health and water management. The tech mogul, who is the. 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. The Associated Press reports that last week, billionaire Microsoft founder Bill Gates was cleared to purchase 2,100 acres of rural North Dakota farmland. You may also be interested in why a billionaire wants land.if(typeof ez_ad_units!='undefined'){ez_ad_units.push([[300,250],'askbamland_com-medrectangle-3','ezslot_2',102,'0','0'])};__ez_fad_position('div-gpt-ad-askbamland_com-medrectangle-3-0'); Bill Gates is one of the largest farmland owners in the United States. 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. Here is the . This is where a country sells land when the owner becomes delinquent on their property taxes. Bill Gates' $13.5 million investment in 2,100 sprawling acres of North Dakota land has raised questions as the purchase coincided with a controversial Chinese company buying 370 acres of. So what is this guy planning? The comments below have not been moderated, By 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. Bill Gates may be trading his pocket protector for cowboy boots. This can be an affordable way to get started with your raw land investments. of the richest people in the country, owns less than one percent of the nations total farmland. 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. CNN founder Ted Turner owns 2 million acres of land largely in New Mexico, South Dakota, Nebraska, and Georgia. (AP Photo/Michael Probst, File ), Connect with the definitive source for global and local news. | 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. 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. But Zehren of Cascade noted that the firm has been working in Florida and elsewhere to promote ecologically conscious agriculture and that it plans to continue to evaluate its farmland portfolio to improve its overall sustainability. The billionaire tech mogul and philanthropist has quietly amassed nearly 270,000 acres of farmland across the country, but thats still a relatively small slice of the nations nearly 900 million total farm acres. 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. 2,167 acres. 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. 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. While land is a limited resource, there is still less competition for raw land than there is with residential and commercial real estate. 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 the Land Report 100, an annual survey of the nations largest landowners. In fact, he reportedly owns more farmland than any other individual in America. The project is in its early . 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. 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. 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 Citizen Kane. 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. LITTLE ROCK, Ark. There, on Gates parcels, an industrial farm grows potatoes for McDonalds french fries. But, As of February 2021, Gates has made headlines across the wor. And the firm said its very supportive of sustainable farming. Through Sierra Pacific, the family owns some 2 million acres in California and Washington. Social media users are falsely claiming that Gates owns the majority of U.S. farmland. Bill Gates has never been a farmer. Wealth accumulation always goes hand-in-hand with exploitation and dispossession. In emails, BlackRock spokesman Christopher Beattie told The Associated Press that the firm. Weve answered hundreds of questions from people regarding the buying and use of land. The price makes this one of the most expensive home sales in this part of California ever. 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. The 66,000-square-foot home overlooks Lake Washington and, although there is no exact estimate of the homes value currently, it had a total assessed value of $147.5 million on 2009 property tax documents. 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. 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 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. BlackRock is sometimes confused w/ Blackstone, which owned Invitation Homes. While land is a limited resource, there is still less competition for raw land than there is with residential and commercial real estate. 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. The average person has nothing in common with mega-landowners like Bill Gates or Ted Turner. FILE - Bill Gates attends a discussion during the 'Munich Security Conference' in Munich, Germany, Friday, Feb. 18, 2022. There . 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. 4 The option expires Oct. 31, 2024. 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. The 1862 Homestead Act opened up 270m acres of Indigenous territory which amounts to 10% of US land for white settlement. 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. There is only a certain amount of land available on earth. Nick Estes is a citizen of the Lower Brule Sioux Tribe. Its a hedging strategy, said Daniel Bigelow, a professor of agricultural economics at Montana State University, who previously served as a USDA research economist. 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. 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. Malone owns several ranching and real estate businesses predominantly in Maine, New Mexico, Colorado and Wyoming. BlackRock, meanwhile, is also not the owner of the majority of single family houses in the country. It is unclear how cheap biofuels can be but if they are cheap it can solve the aviation and truck emissions.. Tuesday, the office of the Attorney General sent out a letter asking the Red River Trust to confirm how the company plans to use the land . Malone made his fortune as a media tycoon, building the company Tele-Communications, Inc, or TCI, and acting as its CEO before selling it to AT&T for $50 billion in 1999. Adding to the confusion, Blackstone was once a major investor in BlackRock, but sold off its stake in the 1990s. BILL Gates' $80billion property empire now hangs in the balance after he and his wife of 27 years announced they are divorcing. That kind of hard work isnt what made him rich. Much of Turner's land is used as grazing land for over 50,000 head of buffalo . One of the Gates' favorite vacation homes is in the Yellowstone Club in Big Sky, Montana. Another 5,500 acres was sold to Generation Land Georgia, a company that shares an address with Miami-based Optimum Agriculture, which bought Generations Farms in 2019. But Gates, known for his philanthropic work solving some of the worlds most pressing public health and climate problems, has suggested that he does not treat his American farmland investments as part of his broader plans to save the planet. He owns 2m acres and has the worlds largest privately owned buffalo herd. A Grimmway Farms employee moves a water pipe at one of their carrot farms in the Antelope Valley near Lancaster, Calif., in 2004. A 2018 purchase of 14,500 acres of prime eastern Washington farmland which is traditional Yakama territory for $171m helped him get that title. Bill Gates: America's Top Farmland Owner | The Land Report. Bill Gates is the largest private owner of American farmland, which is why so many people are wondering what he will use it for. One of the largest plots of land owned by a subsidiary of the Gateses investment arm in Louisiana, Angelina Plantation, was previously owned by former WorldCom CEO Bernard Ebbers, who died last year, a month after being released from prison. Thats why lands still managed by Indigenous peoples worldwide protect and sustain 80% of the worlds biodiversity, practices anathema to industrial agriculture. He never did anything that different from before he got here and what other farmers were doing nearby.". BlackRock is sometimes confused w/ Blackstone, which owned Invitation Homes. While private companies and corporations are increasing . These land holdings are separate from their previous investments in companies that support large-scale farming like Monsanto and the tractor manufacturer John Deere. Gates' purchase averaged $12,000 per acre. With more productive seeds we can avoid deforestation and help Africa deal with the climate difficulty they already face. That crown belongs to Liberty Media chairman John Malone, who has 2.2 million acres, according to The Land Report. The land we all live on should not be the sole property of a few. And in Florida, farmers grow carrots on their property. , updated 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. In total, Bill and Melinda Gates have acquired land in more than a dozen states. MINOT, N.D. North Dakotans like to pride themselves on being pro-property rights. Weve never been one of the big institutional buyers of single family homes, BlackRock said in response to one tweet. 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. You may have heard that Bill Gates owns a lot of land, but you may not know how much. Quarterman guessed that may be because Bill Gates isnt the one doing the farming. Bill Gates does not own the majority of U.S. farmland. He owns 242,000 acres, which is equivalent to the area of Fannin County GA. You may have heard that Bill Gates owns a lot of land, but you may not know how much. Farmland in those parts is valuable, commanding prices between $10,000 and $15,000 per acre, far beyond the state average of about $2,000. The Microsoft co-founder has reportedly purchased an $8.9 million Wyoming ranch that was once the stomping grounds of Buffalo Bill . 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. Bill and Melinda Gates also cracked the Land Report's Top 100 Landowners for the first time coming in at number 49. According to 2021 article from the Land Report, a magazine about land ownership, Gates owns approximately 242,000 . Thats where the Gateses began buying land in 2013 through two limited liability corporations registered to an address in Kirkland by Derek Yurosek, then head of agriculture operations for Cascade. Is this simply a diversification of Gates' massive tech investment portfolio? 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. Stan Kroenke: Land area: 1.4 million acres. Farmers just aren't owning the assets anymore. A white man owns more farmland than my entire Native nation! 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. 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. 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. This means that there is not much to maintain on it unless you want to add your own buildings or other property. Bill Gates has invested in various high-profile commercial properties through his personal investment company, Cascade. 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. Bill Gates' Land Ownership. The acquisition, however . Which is where the Bill Gates' Land Ownership interactive map comes in. Marjorie Taylor Greene SHAMES Former . Dailymail.com Reporter The potential is endless. When pressed during a book discussion on Reddit about why hes gobbling up so much farmland, Gates claimed, It is not connected to climate [change]. The decision, he said, came from his investment group. Cascade Investment, the firm making these acquisitions, is controlled by Gates. That is a big chunk of land. It may even be easier to sell smaller lots than it would be to market the entire portion of land that you invest in.
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