This is where a country sells land when the owner becomes delinquent on their property taxes. Can you imagine having that much property? Since it works as an investment for him, it also includes the benefits of using land as an investment like he does. Here is an overview of all of the property the couple owned together at the time of their divorce: Bill and Melinda dont publicly discuss this topic often, but they are the top owners of farmland in the U.S. With some 242,000 acres, the estimated value of their farmland is in the billions. Buffalo Bill Cody's Ranch in Cody, Wyoming: Undisclosed Sale Price (Listed for $8.9 Million). 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. Wealth accumulation always goes hand-in-hand with exploitation and dispossession. 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. Social media users are falsely claiming that Gates owns the majority of U.S. farmland. One of those farms, Stanley Farms, specialized in Vidalia onions, and another, Coggins Farms, focused on growing carrots. That land is now largely rented out to various farmers. 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. The tech mogul, who is the. FILE - Bill Gates attends a discussion during the 'Munich Security Conference' in Munich, Germany, Friday, Feb. 18, 2022. That's one of the many takeaways from the 2021 Land Report 100, which is compiled each year by Land Report magazine. Starting in 2012, Gates investment firm began buying family farms in South Georgia. Does Bill Gates Own the Majority of US Farmland? | Snopes.com 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. False. *According to figures compiled by The Land Report in 2019. His land ownership spans across 19 states. The billionaire couple, in less than a decade, have accumulated more than 269,000 acres of farmland across 18 states, more than the entire acreage of New York City. 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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. The comments below have not been moderated, By Bill Gates: America's Top Farmland Owner | The Land Report. That was a virus I got from Ted Turner.. While Gates is Americas biggest farmland owner, hes far from being the nations largest landowner in general. So while the tech mogul certainly owns a large constellation of farms, its nowhere close to the majority nationwide. NBC News also found that another 6,500 acres in north Florida are owned by yet another company, Suwannee River Terra, which was also started with an address in Kirkland and an email address from the Bill and Melinda Gates Investment Firm, which is now registered to the current chief counsel of Oak River Farms with a mailing address in Kansas, according to property records. They add it will take those with large parcels of land, like the Gateses U.S. farmland holdings, to do it. 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,. The map shows a 242,000 acre square situated over New York. These states include: Arizona - 25,750 acres; Arkansas - 47,927 acres Bill Gates was also an early investor in fake-meat companies aiming to combat the environmental harms of raising livestock by creating more convincing, plant-based alternatives. 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. There are also growing trends revolving around the purchase of low acreage farmland and noncommercial farming. That means Gates, whose net worth is estimated at some $134 billion. Bill Gates is investing big in American farmland | Crosscut 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. You may have heard that Bill Gates owns a lot of land, but you may not know how much. 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 they purchased the rest of their farmland for similar prices, that would put the value of their 242,000 acres at almost $3 billion. | 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. 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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). But farmer advocates say the Gateses large-scale farm purchases dont make room for smaller farmers to break into the market. Bill Gates Called Out By Farmer For Secretly Buying Up US Farmland: 'I 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. 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. 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. 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. Which is where the Bill Gates' Land Ownership interactive map comes in. 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. 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. 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. They own the soil where the potatoes in McDonald's french fries grow, the carrots from the world's largest . 5. Much of Turner's land is used as grazing land for over 50,000 head of buffalo . A 2014 Wall Street Journal profile of Larson, Cascade's chief investment officer, hinted at the beginning of that portfolio, after 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.'. He added: 'In addition, the states oldest winery, Chateau Ste. A Grimmway Farms employee moves a water pipe at one of their carrot farms in the Antelope Valley near Lancaster, Calif., in 2004. They said farmland has been a popular investment for a long time because of its stability. Bill Gates' Land Ownership. McDonald's french fries, carrots, onions: all of the foods that come Report: Bill Gates is largest owner of private farmland in U.S., with Why Is Bill Gates Buying So Much Farmland? - Farmland Riches Bill Gates is buying up the majority of American farmland and BlackRock is buying the majority of single family houses but Im supposed to believe the biggest threat to us is Elon Musk buying Twitter? read one representative tweet thats been liked or shared on the platform more than 250,000 times. Private Residence at the Yellowstone Club in Big Sky, Montana: Estimated $5-25 Million. What Land Does Bill Gates Own In Michigan? - PartyShopMaine The outlet reported this week that Gates, 65, owns 268,984 acres of. The Microsoft co-founder faced several claims that he owned a majority of Americas farmland earlier this year. BlackRock also does not own the majority of the countrys 80 million single-family homes. Purchased fromMadeleine Pickens, the former wife of Texas billionaire T. Boone Pickens, the property deal is one of the largest ever recorded in the area,The Wall Street Journalreported. Bill Gates' 20,000 acres in Nebraska help make him the top farmland 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. The gun and the whip may not accompany land acquisitions this time around. 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 couple also snapped up an oceanfront home in San Diego County, California, last year, for a record making $43 million. So if now the best farmers can do if you want to stay in farming is rent this land, you're not going to get the benefits that come with land ownership.. Farmland can be an investment in several ways. 2,167 acres. How the Mormon Church Beat Bill Gates in a Battle - The Daily Beast Renewable energy company Savion has an option to buy the property for what . Bill Gates is in the money flow business, and farmland, as well as other land, can generate a lot of money. 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 . But those working on projects with both investors and farmers to create ecologically sustainable farming methods and support diverse and disadvantaged farming communities say rethinking agriculture and working to avert a climate crisis go hand in hand. Map reveals which billionaire owns largest amount of land in US - and The billionaire couple, in less than a. It also offers proven return rates. So why did the Land Report dub him Farmer Bill this year? Bill Gates tells Reddit why he's bought so much farmland - AFN Listen to article. 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. The billionaire media mogul Ted Turner epitomizes such disparities. 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. 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. Investors bought a record 18.4% of the homes purchased in the fourth quarter of 2021 three-quarters of which were single-family homes, according to real estate firm RedFin. However, his largest land holdings are in Louisiana (69,071 acres), Arkansas (47,927 acres), Nebraska (20,588 acres . - 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. Land holds ample opportunities for growth and development, yet you may find that there is more land than there is competition. Real estate mogul and owner of the Los Angeles Rams, Stan Kroenke, owns 1.4 million acres of land in the United States, including a 124,000 acre ranch in Montana and additional land in Wyoming. . As of 2020, industry reports show he owned about 0.027% of U.S. farmland. 23:06 GMT 15 Jan 2021 The project is in its early . Bill Gates does not own the majority of U.S. farmland. In total, Bill and Melinda Gates have acquired land in more than a dozen states. It makes no sense.. In 2009, the Gates' reportedly purchased a ranch in Wyoming that once belonged to Buffalo Bill Cody. In January 2021, Bill Gates became the largest owner of farmland in the United States. There . Investors generally are nevertheless buying an increasing share of the U.S. housing market. Much of Turner's land is used as grazing land for over 50,000 head of buffalo the largest private herd of bison in the world. If you are unsure where to start, you can also check country tax sales. Port: Bill Gates can't buy land in North Dakota? - InForum 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. That is a big chunk of land. One per cent of the worlds farms control 70% of the worlds farmlands, one report found. The opportunities are virtually endless. Who owns the most land in America? Jeff Bezos and John Malone are among Weve been trained by experience, land acquisition courses, and hundreds of hours meeting with county assessors and clerks, zoning officials, realtors, and land investors. BlackRock is sometimes confused w/ Blackstone, which owned Invitation Homes. They own the soil where the potatoes in McDonalds french fries grow, the carrots from the worlds largest producer and the onions that Americans saut every night for dinner. In addition, the land is audited to meet sustainability standards including soil health and water management. One of the Gates favorite vacation homes is in the Yellowstone Club in Big Sky, Montana. The 14,000 acres in Washington is used for potatoes and in Florida the land is used for carrots. Although the sale price has never been made public, the 492-acre home was listed for $8.9 millionand we cant imagine Bill and Melinda doing much haggling. Bill Gates is now America's biggest farmer - The Telegraph 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. 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. By Some raw land may even be as affordable as a few thousand dollars, which can be an affordable and cost-effective investment strategy (or just a place to use for personal reasons). 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. We Now Know Why Creepy Bill Gates Invested in All of That US Farmland 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. buying an increasing share of the U.S. housing market. 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). 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 Is The Largest Owner Of Farmland In The US - Nation According to 2021 article from the Land Report, a magazine about land ownership, Gates owns approximately 242,000 . 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. 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. 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 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. The 13,573-square-foot home has six bedrooms, 11 bedrooms and more luxury features than you can count. The 1862 Homestead Act opened up 270m acres of Indigenous territory which amounts to 10% of US land for white settlement. Weve answered hundreds of questions from people regarding the buying and use of land. 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. America's leading landowners added hundreds of thousands of acres to their holdings last year. In fact it is so big that it is a little hard to conceptualize. Its a hedging strategy, said Daniel Bigelow, a professor of agricultural economics at Montana State University, who previously served as a USDA research economist. The Land Report revealed that Gates, who has a net worth of nearly $121 billion according to Forbes, has built up a massive farmland . Quarterman guessed that may be because Bill Gates isnt the one doing the farming. But, As of February 2021, Gates has made headlines across the wor. 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. Bill Gates is betting big on US farmland - should you? He owns 2m acres and has the worlds largest privately owned buffalo herd. 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. Bill Gates may be trading his pocket protector for cowboy boots. In terms of agriculture and his practices Bill Gates, Microsoft billionaire, may be more than . Dailymail.com Reporter While private companies and corporations are increasing . After all, few can out-bid Bill Gates. Weve never been one of the big institutional buyers of single family homes, BlackRock, single-family rentals nationwide. But theyre far better known for their work in tech and in trying to save the climate. Mason notes that trying to draw hard lines between ones philanthropic work and ones investments does not work. 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 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. So while the tech mogul certainly owns a large constellation of farms, its nowhere close to the majority nationwide. Almost 300,000 acres is a lot of land for one family or private individual to own, but it's still just a. Today, Bill Gates owns 242,000 acres of farmland in 19 states. Not only is it usable by you, but land can be used for so many different things. 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. 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. But some farmers whose land is adjacent to that of the Gateses have expressed disappointment that despite the couples wealth, they have not done more to preserve the environment. You can email us at contact@askbamland.com. His largest holding is in Louisiana (69,071 acres), followed by Arkansas (47,927 acres) and Arizona (25,750 acres). 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. Gates shares ownership with Saudi Prince Alwaleed bin Talalthe two purchased the chain in 2007 for $3.8 billion. Gates is not the only billionaire on The Land Report 's list of top private farmland owners. Its uncertain why Gates has invested in so much farmland or how his tracts are currently being used. Malone also has 25% shares in Liberty Global, the largest international cable company with just under 30million subscribers, and owns 8% of the Atlanta Braves baseball team. of the richest people in the country, owns less than one percent of the nations total farmland. Farmland can be an investment in several ways. Since 2017 he reportedly holds a significant stake in 24,800 acres of land on the west side of Phoenix. As the population grows in large cities, some people will inevitably want to move to the country. The price makes this one of the most expensive home sales in this part of California ever. Microsoft co-founder Bill Gates finally revealed the reasons behind his massive purchase of farmland: seed science and biofuel development. This will always be true, no matter where the land is. 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. "The agriculture sector is important. CNN founder Ted Turner owns 2 million acres of land largely in New Mexico, South Dakota, Nebraska, and Georgia. 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. 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'. 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. Bill Gates Is America's Largest Private Owner of Farmland - Breitbart Gates-affiliated ownership covers vast swaths of farm and timberland, estimated to be 69,071 acres in all by niche land ownership publication The Land Repor t. Across the nation, Gates'. The firm is a shareholder in Dallas-based Invitation Homes, which owns nearly 80,000 single-family rentals nationwide. Bill Gates Doesn't Own That Much Farmland | Aaron Smith It is unclear why Gates, better known as a self-confessed computing 'nerd', has invested in farmland so heavily, and details of the land are scarce,as revealed in The Land Report. There, on Gates parcels, an industrial farm grows potatoes for McDonalds french fries. if(typeof ez_ad_units!='undefined'){ez_ad_units.push([[300,250],'askbamland_com-large-leaderboard-2','ezslot_5',106,'0','0'])};__ez_fad_position('div-gpt-ad-askbamland_com-large-leaderboard-2-0'); While farmland, and land in general, will undergo economic factors and changes to demand, it is very likely to increase in value as the years roll by. Our era is dominated by the ultra-rich, the climate crisis and a burgeoning green capitalism. That's basically the motivation there. It may even be easier to sell smaller lots than it would be to market the entire portion of land that you invest in. He owns 242,000 acres, which is equivalent to the area of Fannin County GA. Kroenke is married to Ann Walkton Kroenke, an heiress to the Wal-Mart fortune. This can be an affordable way to get started with your raw land investments. The land that Bill Gates owns is used to grow soybeans, corn, cotton, and rice over 70,000 acres in northern Louisiana. Small farmers and Indigenous people are more cautious with the use of land. The Microsoft co-founder and his former wife, Melinda, are the top farmland owners in. Gates and his wife own 269,000 acres of farmland. A white man owns more farmland than my entire Native nation! 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. With more productive seeds we can avoid deforestation and help Africa deal with the climate difficulty they already face. Lemmon Holdings, the billionaire spent $80 million to purchase. . if(typeof ez_ad_units!='undefined'){ez_ad_units.push([[300,250],'askbamland_com-leader-1','ezslot_8',107,'0','0'])};__ez_fad_position('div-gpt-ad-askbamland_com-leader-1-0'); Even if you buy the land with the purpose of selling it at a later time when the area undergoes more development, you can still use the land in the meantime.
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