In 2014, Cascade Investments combined both of those companies and the land into Generations Farms, which continued to grow vegetables. Gates' achievement, according to the report, is that he's largest private owner of farmland in the US. They own the soil where the potatoes in McDonald's french fries grow, the carrots from the world's largest . In six years that number has more than doubled. BlackRock is sometimes confused w/ Blackstone, which owned Invitation Homes. 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. It may even be easier to sell smaller lots than it would be to market the entire portion of land that you invest in. In addition, he owns 25,750 acres of transitional land and 1,234 acres of recreational land for total land holdings of 268,984 acres. Since then, it has been revealed that the two never signed a prenuptial agreement, instead opting for a separation agreement. The process of splitting the couples assets will be a mammoth task. Where Does Bill Gates Own Farmland in the US. Follow Bill Gates: Do Not Invest In Tech, Invest In Farmland - Gizchina.com 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. He is also the chairman and largest stakeholder of Liberty Media, possessing 28% of Discovery Communications, which was acquired by Scripps Network for $14.6billion. The tech mogul, who is the. Investors generally are nevertheless buying an increasing share of the U.S. housing market. "The agriculture sector is important. 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. 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. 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'. North Dakotans are outraged as Bill Gates, the largest private farmland 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 . Ag Briefs: Bill Gates top private farmland owner in U.S. Farmland CNBC 2.94M subscribers Subscribe 47K 4.5M views 1 year ago #CNBC Bill Gates made. 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. That land is now largely rented out to various farmers. In every state where the Gateses own land, a tangled web of locally registered limited liability companies follow. His largest holding is in Louisiana (69,071 acres), followed by Arkansas (47,927 acres) and Arizona (25,750 acres). Bill and Melinda have purchased numerous properties in Wellington, Florida, over the years. In fact, Gates is the owner of over 270,000 acres of farmland, which is worth over $700 million! Gates achievement, according to the report, is that hes largest private owner of farmland in the US. Bill Gates now the biggest owner of farmland in the US The conservation of lands is important, he said. While he owns nearly half of the Four Season Holding's hotel chain through Cascade, he also has partial ownership of Charles Hotel in Cambridge, Massachusetts. Ownership of Angelina Plantation Farms, which sits among three wildlife areas in Monterey with a view of Bayou Cocodrie, and other property has been a . The Land Report revealed that Gates, who has a net worth of nearly $121 billion according to Forbes, has built up a massive farmland . Many people wonder why Bill Gates would make these moves with his investment portfolio. 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 [] In total, Bill and Melinda Gates have acquired land in more than a dozen states. Brittany has been in the land business since 2020 when the world was starting to shut down. While most people do not have the ability to buy hundreds of thousands of acres of farmland like Bill Gates, anybody can look at land as an investment opportunity to take advantage of. This could give you a place to relax or to even build a small vacation home. FILE - Bill Gates attends a discussion during the 'Munich Security Conference' in Munich, Germany, Friday, Feb. 18, 2022. 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. Hes the landlord, or rather, the companies owned by his investment firm are the landlords. Arable land is not just profitable. if(typeof ez_ad_units!='undefined'){ez_ad_units.push([[250,250],'askbamland_com-large-mobile-banner-1','ezslot_7',108,'0','0'])};__ez_fad_position('div-gpt-ad-askbamland_com-large-mobile-banner-1-0'); While the land that Bill Gates owns is already developed for farming and likely costs a ton of money, land can also be quite affordable. The 1862 Homestead Act opened up 270m acres of Indigenous territory which amounts to 10% of US land for white settlement. One of the Gates favorite vacation homes is in the Yellowstone Club in Big Sky, Montana. APS ASSESSMENT: False. False. Billionaire owns 38-square miles of farmland in Illinois. My investment group chose to do this, Bill Gates said on Reddit in March when asked about his farmland purchases while promoting his latest book, How to Avoid A Climate Disaster. It is not connected to climate. He did acknowledge that more productive farming techniques can help reduce deforestation in other parts of the world. McDonald's french fries, carrots, onions: all of the foods that come 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. Bill Gates owns massive parcels of farmland. It's not part of his plans 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. Properties up for grabs include a $123million mansion with a trampoline room and a $43million oceanfront mansion with a ten-person jacuzzi. Additionally, through his personal investment firm, Cascade, Bill Gates owns approximately half of the Four Season Holdings' hotel chain. The farmland was purchased through a constellation of companies that all link back to the couples investment group, Cascade Investments, based in Kirkland, Washington. 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. The comments below have not been moderated, By His land ownership spans across 19 states. They accounted for almost 1% of the agricultural land in the United States. 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. Bill Gates is in the money flow business, and farmland, as well as other land, can generate a lot of money. He owns 242,000 acres, which is equivalent to the area of Fannin County GA. Single-family homes are priced between $5-25 million. 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. Right? That doesnt mean that every piece of land is a good investment, but a significant amount of land will offer a high return on investment. In addition, the land is audited to meet sustainability standards including soil health and water management. The project is in its early . 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. 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. This is where a country sells land when the owner becomes delinquent on their property taxes. Besides the enrollment of their landholdings in Leading Harvest, the Gates Foundation in 2020 also created an agricultural nonprofit, Gates Ag One, which focuses on bringing affordable solutions to small-scale farmers in sub-Saharan Africa and South Asia to improve crop productivity. 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. This site also participates in other affiliate programs including but not limited to ShareASale, CJ, and ClickBank, and is compensated for referring traffic and business to these companies. 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. Xanadu 2.0 in Medina, Washington: Estimated $140-170 Million, Source: Steve Ringman / The Seattle Times. According to 2021 article from the Land Report, a magazine about land ownership, Gates owns approximately 242,000 . 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. America's Biggest Owner Of Farmland Is Now Bill Gates - Forbes If you said investment, then you are right. And not all the renters are local. It may even be easier to sell smaller lots than it would be to market the entire portion of land that you invest in. Bill Gates may no longer be the worlds richest man, but he can claim a new title: Americas farmland king. He owns 2m acres and has the worlds largest privately owned buffalo herd. 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. Every Property Bill and Melinda Gates Owned Together | RISMedia\'s 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). Recently, an article in Land Report stated that Bill Gates owns more American farmland than anyone else. Who owns the most land in America? Jeff Bezos and John Malone are among A few years ago, Bill Gates has announced plans to build a smart city outside of Buckeye in Arizona. The billionaire says he purchased the land because they are not making it anymore.. 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. Can You Build A Wedding Venue On Residential Land? That program ensures agriculture on the land is audited to meet standards, like soil health and water management, created by the nonprofit Leading Harvest, which counts one of the subsidiaries of Gates investment firm as a partner. The Microsoft co-founder has reportedly purchased an $8.9 million Wyoming ranch that was once the stomping grounds of Buffalo Bill . Exactly How Much Farm Land Does Bill Gates Own? It's More Than Any Land is power, land is wealth, and, more importantly, land is about race and class. 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. Bill Gates investment company, Cascade Investments, has invested in hundreds of thousands of acres of farmland in the last 10 years. Renewable energy company Savion has an option to buy the property for what . 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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. Bill and Melinda Gates' divorce puts massive farmland holdings in focus 07:04 GMT 16 Jan 2021. Why Is Bill Gates Buying So Much Farmland? - Farmland Riches Bill Gates is best known for revolutionizing personal computing, but lately he's gotten back to the land. 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. 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. Farmland can be an investment in several ways. Our inventory spans five western states. He now owns more farmland than my entire Native American nation. The land that Bill Gates owns is used to grow soybeans, corn, cotton, and rice over 70,000 acres in northern Louisiana. With more productive seeds we can avoid deforestation and help Africa deal with the climate difficulty they already face. So while the tech mogul certainly owns a large constellation of farms, its nowhere close to the majority nationwide. Bill Gates is America's biggest owner of private farmland, and his You can email us at contact@askbamland.com. 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. Thanks for contacting us. The billionaire Microsoft co-founder has become the largest owner of farmland in the. You may also be interested in why a billionaire wants land. 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. . Today, Bill Gates owns 242,000 acres of farmland in 19 states. In 2014, he reportedly purchased more than 4,500 acres in Suwannee County, Florida, for nearly $28 million. 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. Bill Gates is the biggest private owner of farmland in - The Guardian Bill Gates now owns the most farmland of anyone in the United States, according to a recent report from The Land Report . A hint at Gates huge farm holdings emerged in a 2014 Wall Street Journal profile of Michael Larson, the money manager who serves as Cascades chief investment officer. Why Bill Gates Is Buying Up U.S. Farmland - YouTube This means that you can find good deals that may be just the thing you are looking for. (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. The 14,000 acres in Washington is used for potatoes and in Florida the land is used for carrots. Gates' purchase averaged $12,000 per acre. The title for largest landholdings overall goes to US businessman John Malone, chairman of Liberty Media, who owns 2.2million acres. retail, office buildings, hotels and apartment complexes, rather than single-family homes, but he declined to provide a breakdown. Those animals, which are sacred to my people and were nearly hunted to extinction by settlers, are preserved today on nearly 200,000 acres of Turners ranchland within the boundaries of the 1868 Fort Laramie Treaty territory in the western half of what is now the state of South Dakota, land that was once guaranteed by the US government to be a permanent home for Lakota people. It is unclear how cheap biofuels can be but if they are cheap it can solve the aviation and truck emissions.. Land holds ample opportunities for growth and development, yet you may find that there is more land than there is competition. 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. Weve never been one of the big institutional buyers of single family homes, BlackRock said in response to one tweet. 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. 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. | Photo by Wikimedia Commons . That means Gates, whose net worth is estimated at some $134 billion. Here is the . To put that into perspective, thats nearly the size of Hong Kong and twice the acreage of the Lower Brule Sioux Tribe, where Im an enrolled member. 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. When Bill Gates, or whatever other investment arm owns the land, a farmer still needs to farm it. 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Farm Gates - Ohio Ag Net | Ohio's Country Journal 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. 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. Farmer Bill - The Land Report 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. Raw land is not developed. And the firm said its very supportive of sustainable farming. 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. In 2009, the Gates' reportedly purchased a ranch in Wyoming that once belonged to Buffalo Bill Cody. Malone's 2.2 million acres are largely located in Maine, New Mexico, Colorado, and Wyoming and include profitable cattle ranches. Bill Gates Approved to Buy Acres of Farmland in North Dakota - IJR 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. Wealth accumulation always goes hand-in-hand with exploitation and dispossession. This map shows that area as a rectangle that can be dragged. 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. Estate in Indian Wells, California: $12.5 Million. You just have to keep it relatively clean, mow it, and pay property taxes. the latest American Housing Survey by the Census Bureau. He also purchased the 800-acre Bridlewood Farms in Florida. The agency further found that over 50 percent of cropland is rented to farmers who dont own their land. The Gates Foundation said in a statement that its agriculture efforts do not extend to farming in the U.S. Why should striking rail and postal workers get a big pay rise while our pay packets remain stagnant or worse? Report: Bill Gates buys Buffalo Bill's historic Wyoming ranch What Land Does Bill Gates Own In Michigan? - PartyShopMaine In Georgia and Florida, NBC News independently confirmed through research of property records that the Gateses investment firm owns more than 7,000 acres through two limited liability companies, Lakeland Sands and Lakeland Sands Florida, LLC. Farmers just aren't owning the assets anymore. Not only is it usable by you, but land can be used for so many different things. Weve answered hundreds of questions from people regarding the buying and use of land. Bill Gates is the largest private owner of American farmland, which is why so many people are wondering what he will use it for. 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. Listen to article. Port: Bill Gates can't buy land in North Dakota? - InForum Bill Gates owns more land than all of the entire city of New Why Bill Gates Is Buying Up U.S. 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.
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