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. His first major purchase was Bell Ranch in New Mexico, a 290,100-acre plain saturated with mesas, rimrock canyons, pastures and a bell-shaped mountain. Why should striking rail and postal workers get a big pay rise while our pay packets remain stagnant or worse? 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. 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.'. America's Biggest Owner Of Farmland Is Now Bill Gates - Forbes In total, Gates owns approximately 242,000 acres of farmland with assets totaling more than $690m. Adding to the confusion, Blackstone was once a major investor in BlackRock, but sold off its stake in the 1990s. Recently, an article in Land Report stated that Bill Gates owns more American farmland than anyone else. 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. But he didn't, Quarterman said. Do whatever you want to with the land as the value increases. 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. 5. 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. Bill Gates investment company, Cascade Investments, has invested in hundreds of thousands of acres of farmland in the last 10 years. 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. 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. Bill Gates now owns the most farmland of anyone in the United States, according to a recent report from The Land Report . You just have to keep it relatively clean, mow it, and pay property taxes. Land holds ample opportunities for growth and development, yet you may find that there is more land than there is competition. of the richest people in the country, owns less than one percent of the nations total farmland. A few years ago, Bill Gates has announced plans to build a smart city outside of Buckeye in Arizona. 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. Farmland can be an investment in several ways. 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. So what is this guy planning? In other words, when the economy is struggling, the value of farmland generally doesnt depreciate. FILE - Bill Gates attends a discussion during the 'Munich Security Conference' in Munich, Germany, Friday, Feb. 18, 2022. Follow Bill Gates: Do Not Invest In Tech, Invest In Farmland - Gizchina.com Why Is Bill Gates Buying Farmland? How Much Does He Own? - Farmfolio Bill Gates is the biggest private owner of farmland in - The Guardian According to landreport.com, the Gates family has a total of 242,000 in farmland acreage in the United States. 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. In terms of agriculture and his practices Bill Gates, Microsoft billionaire, may be more than . Why Is Bill Gates Buying So Much Farmland? - Farmland Riches Our exposure to Invitation Homes is owning its stock in mutual funds we manage, not buying houses w/ them,. And we think it will provide good inflation protection in the long run. Farmers just aren't owning the assets anymore. 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'. 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. The 229-acre property was once home to Jenny Craig, founder of the Jenny Craig nutrition company, and was purchased by the Gates with hopes that it would one day be where their daughter Jennifer could train for her equestrian career. Our inventory spans mostly in the western United States. So while the tech mogul certainly owns a large constellation of farms, its nowhere close to the majority nationwide. Why is Bill Gates buying up US farmland? - DW - 04/09/2021 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. Whose land is it anyway? Farmers, billionaires, foreign investors You can also fill out the contact form below if you are interested in buying or selling land. Bill Gates' Land Ownership. In emails, BlackRock spokesman Christopher Beattie told The Associated Press that the firm primarily invests in retail, office buildings, hotels and apartment complexes, rather than single-family homes, but he declined to provide a breakdown. Small farmers and Indigenous people are more cautious with the use of land. Who owns the most land in America? Jeff Bezos and John Malone are among Arable land is not just profitable. A Grimmway Farms employee moves a water pipe at one of their carrot farms in the Antelope Valley near Lancaster, Calif., in 2004. Bill Gates tells Reddit why he's bought so much farmland - AFN 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. 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. 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. 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. 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). 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. 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. Its a hedging strategy, said Daniel Bigelow, a professor of agricultural economics at Montana State University, who previously served as a USDA research economist. 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 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. Quarterman guessed that may be because Bill Gates isnt the one doing the farming. That means Gates, whose net worth is estimated at some $134 billion. 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. You may have heard that Bill Gates owns a lot of land, but you may not know how much. He owns 2m acres and has the worlds largest privately owned buffalo herd. Bill Gates Called Out By Farmer For Secretly Buying Up US Farmland: 'I 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 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 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. Gates and his investment team own more than 240,000 acres, as reported by O'Keefe, including 2,167 acres in Michigan. The opportunities are virtually endless. 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. False. AP'S ASSESSMENT: False. So why did the Land Report dub him Farmer Bill this year? Learn more about fact-checking at AP. Bill Gates has invested in various high-profile commercial properties through his personal investment company, Cascade. Bill Gates is the largest farmland owner in America: report - New York Post Bill and Melinda have diversified their portfolioworth more than $130 billionfor years, and one of their favorite investments is real estate. In fact it is so big that it is a little hard to conceptualize. . 2,167 acres. Bill Gates shoots down rumored Chinese link to N.D. farmland BILL Gates' $80billion property empire now hangs in the balance after he and his wife of 27 years announced they are divorcing. BlackRock, meanwhile, is also not the owner of the majority of single family houses in the country. Gates achievement, according to the report, is that hes largest private owner of farmland in the US. Bill Gates top private farmland owner in US. The acquisitions are held directly, as well as through Gates' personal investment entity, Cascade Investments. North Dakotans are outraged as Bill Gates, the largest private farmland 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 in those parts is valuable, commanding prices between $10,000 and $15,000 per acre, far beyond the state average of about $2,000. | 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. 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. He also owns three hotels in Dublin, Ireland, and a fourth in Limerick. So while the tech mogul certainly owns a large constellation of farms, its nowhere close to the majority nationwide. In 2014, he co-founded The Red Nation, an Indigenous resistance organization. While Gates is Americas biggest farmland owner, hes far from being the nations largest landowner in general. Like other investment opportunities, you can find land for sale online. His 242,000 acres of farmland stretch across 18 states from Washington to Florida,. These billionaires have nothing to offer us in terms of saving the planet unless its our land back. In addition, the land is audited to meet sustainability standards including soil health and water management. For Indigenous caretakers, land use isnt premised on a return of investments; its about maintaining the land for the next generation, meeting the needs of the present, and a respect for the diversity of life. 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. In January 2021, Bill Gates became the largest owner of farmland in the United States. But that could soon change. Malone made the decision to put billions of his wealth into land ownership after spending a summer working on a family farm in Pennsylvania. More surprising, however, was the fact that Bill and Melinda Gates own more private farmland . Billionaire owns 38-square miles of farmland in Illinois. It is possible to make high double digit returns on land that you bought for an affordable price only a few years prior. Ag Briefs: Bill Gates top private farmland owner in U.S. 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. 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. This map shows that area as a rectangle that can be dragged. There, on Gates parcels, an industrial farm grows potatoes for McDonalds french fries. It may even be easier to sell smaller lots than it would be to market the entire portion of land that you invest in. They own the soil where the potatoes in McDonald's french fries grow, the carrots from the world's largest . You may have heard that Bill Gates owns a lot of land, but you may not know how much. The Microsoft co-founder and his former wife, Melinda, are the top farmland owners in. If you are unsure where to start, you can also check country tax sales. 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. *According to figures compiled by The Land Report in 2019. While he owns a significant amount, it is a relatively small slice of the nations nearly 900 million total farm acres. He also purchased the 800-acre Bridlewood Farms in Florida. 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. But even with his big new agricultural holdings, Gates still doesn't rank in the Top 100 of private landowners overall in the U.S. - when considering owners of land of all types, not just agricultural. 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 was quietly becoming the biggest private owner of farmland in the United States. 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. Does Bill Gates Own the Majority of US Farmland? | Snopes.com 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 firm is a shareholder in Dallas-based Invitation Homes, which owns nearly 80,000 single-family rentals nationwide. Several Properties in Wellington, Florida: $27.2 Million (Total). What expertise in climate science or agriculture Gates possesses beyond being filthy rich is anyones guess. 4. 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. In fact, this also means that you may not even have to apply for a loan to start the investment! He added: 'In addition, the states oldest winery, Chateau Ste. This way, the land will remain productive and healthy, while also becoming a money-driving investment. Bill Gates' 242,000 Acres of Farmland Could Be Split in Divorce And while Bill Gates frets about eating cheeseburgers in his book for the amount of greenhouse gases the meat industry produces largely for the consumption of rich countries his massive carbon footprint has little to do with his personal diet and is not forgivable by simply buying more land to sequester more carbon. The company also took to Twitter to reject the false narrative. Bill Gates is now America's biggest farmer - The Telegraph Housecall is the official blog of RISMedia, covering real estate news and information for agents, brokers and their clients. Financial titans like Prudential and Hancock have divisions specifically for investors looking to make money on farmland portfolios. Almost 300,000 acres is a lot of land for one family or private individual to own, but it's still just a. LITTLE ROCK, Ark. "The agriculture sector is important. For five generations, the Reed Family has owned and operated the logging company Green Diamond Resource Co. Brittany has been in the land business since 2020 when the world was starting to shut down. The farmland was purchased through a constellation of companies that all link back to the couples investment group, Cascade Investments, based in Kirkland, Washington. Someone else is building that equity on their back, said Johnathan Hladik, the policy director at the Center for Rural Affairs, who is also a farmer in Nebraska. Gates' achievement, according to the report, is that he's largest private owner of farmland in the US. The state's Republican Attorney General Drew Wrigley had inquired into the land sale, and on Wednesday issued a letter saying the transaction complied with an archaic anti-corporate [] If not for climate, then why is Bill Gates buying so much farmland? Bill Gates owns more private farmland in the US than anyone else, an analysis by The Land Report found. 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. 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. North Dakotans Freak Over Bill Gates Land-Buying Mystery - Yahoo! 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? 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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. One of the Gates favorite vacation homes is in the Yellowstone Club in Big Sky, Montana. 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. 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. ', 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.'. The Microsoft co-founder faced several claims that he owned a majority of Americas farmland earlier this year. Bill Gates owns a lot of American farmland, but not the majority Gates shares ownership with Saudi Prince Alwaleed bin Talalthe two purchased the chain in 2007 for $3.8 billion. We think we now know. 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. In 2014, Cascade Investments combined both of those companies and the land into Generations Farms, which continued to grow vegetables. 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 may no longer be the world's richest man, but he can claim a new title: America's farmland king. The worlds richest 1% emit double the carbon of the poorest 50%, an 2020 Oxfam study found. 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. 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. 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