In 2014, he co-founded The Red Nation, an Indigenous resistance organization. Small farmers and Indigenous people are more cautious with the use of land. Bill and Melinda Gates also cracked the Land Report's Top 100 Landowners for the first time coming in at number 49. When Quarterman first heard about Gates firm buying land in the area, he began digging through local property records, linking addresses and business records from registered owners to Kirkland-based companies, until he was able to piece together that the companies buying multiple tracts of land in the Suwannee River Basin were all a shell of a shell of a shell company investing for Bill Gates. NBC News independently confirmed that there were, in fact, shell companies tracing back to Gates firm that purchased 6,021 acres across four counties in Georgia. 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. Gates, in an Ask Me Anything session on Reddit last year, said his investment group was behind the purchases, and suggested it was linked to seed and biofuel development. 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. We've received your submission. Investors generally are nevertheless buying an increasing share of the U.S. housing market. False. Weve answered hundreds of questions from people regarding the buying and use of land. The 14,000 acres in Washington is used for potatoes and in Florida the land is used for carrots. In 1994 Bill and Melinda Gates are said to have hired Michael Larson to help them diversify their property portfolio. 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. Malone's 2.2 million acres are largely located in Maine, New Mexico, Colorado, and Wyoming and include profitable cattle ranches. It may even be easier to sell smaller lots than it would be to market the entire portion of land that you invest in. The Emmerson family owns and operates Sierra Pacific Industries, a company that logs usable lumber after forest fires and sells it to lumber retailers. You may have heard that Bill Gates owns a lot of land, but you may not know how much. Through Sierra Pacific, the family owns some 2 million acres in California and Washington. if(typeof ez_ad_units!='undefined'){ez_ad_units.push([[300,250],'askbamland_com-large-mobile-banner-2','ezslot_9',109,'0','0'])};__ez_fad_position('div-gpt-ad-askbamland_com-large-mobile-banner-2-0'); Raw land can be a great way to generate passive income or even spur large profits in the long term (or even short term if you know what you are doing). 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 Land Report revealed that Gates, who has a net worth of nearly $121 billion according to Forbes, has built up a massive farmland . More surprising, however, was the fact that Bill and Melinda Gates own more private farmland . 4. Many people wonder why Bill Gates would make these moves with his investment portfolio. The land that Gates owns is located in several states and consists primarily of commercial farmland. 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. 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. Our inventory spans five western states. 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. 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. You may also be interested in why a billionaire wants land. 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. 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. Like other investment opportunities, you can find land for sale online. In emails, BlackRock spokesman Christopher Beattie told The Associated Press that the firm. 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. Bill Gates now owns the most farmland of anyone in the United States, according to a recent report from The Land Report . 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. Right? Bill Gates uses farmland as investment vehicle, owning 269,000 acres of land. There farmers primarily grow soybeans, rice, corn and cotton. The biggest shift in recent years from small to big farms was in the US. 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. 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 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. 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. 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. 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. 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. John Malone is the largest private landowner in the United States. The couple also snapped up an oceanfront home in San Diego County, California, last year, for a record making $43 million. Well, youd think, if you're looking for somebody with enough capital to try that, he would go first. A few years ago, Bill Gates has announced plans to build a smart city outside of Buckeye in Arizona. The Microsoft co-founder has reportedly purchased an $8.9 million Wyoming ranch that was once the stomping grounds of Buffalo Bill . 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. 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'. The Associated Press reports that last week, billionaire Microsoft founder Bill Gates was cleared to purchase 2,100 acres of rural North Dakota farmland. In total, Gates owns approximately 242,000 acres of farmland with assets totaling more than $690m. We would love to talk to you! 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. BILL Gates' $80billion property empire now hangs in the balance after he and his wife of 27 years announced they are divorcing. 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. *According to figures compiled by The Land Report in 2019. 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 Microsoft co-founder faced several claims that he owned a majority of Americas farmland earlier this year. He hoped Gates would have invested in different farming techniques that could help turn around the ecological damages from big agriculture. They said farmland has been a popular investment for a long time because of its stability. While private companies and corporations are increasing . Not only is it usable by you, but land can be used for so many different things. Bruere said some states such as Iowa enforce foreign ownership restrictions to prohibit foreign ownership or limit . 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 . Lots of articles on this are full of "4D chess" speculations about climate change blah blah, but the real reason for this seems to be very simple: "just to collect rent." Thats why lands still managed by Indigenous peoples worldwide protect and sustain 80% of the worlds biodiversity, practices anathema to industrial agriculture. The firm is a shareholder in Dallas-based Invitation Homes, which owns nearly 80,000 single-family rentals nationwide. The 13,573-square-foot home has six bedrooms, 11 bedrooms and more luxury features than you can count. The acquisitions are held directly, as well as through Gates' personal investment entity, Cascade Investments. Gates is now America's largest private farmland owner, with hundreds of thousands of acres spanning across 19 U.S. states, according to the Land Report. 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. With more productive seeds we can avoid deforestation and help Africa deal with the climate difficulty they already face. It is unclear how cheap biofuels can be but if they are cheap it can solve the aviation and truck emissions.. 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. 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. You can read more about us, here. Although the price that the Gates paid for this property was never made public, theres a $300,000 initiation fee, and more than $37,000 in annual feesand you still have to purchase a home within the community. 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 now owns almost 242,000 acres of the continguous USA. Gates shares 95% of the ownership with Saudi Prince Alwaleed bin Talal. 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., ill Gates has never been a farmer. 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. According to Forbes, the worlds billionaires saw their wealth swell by $1.9tn in 2020, while more than 22 million US workers (mostly women) lost their jobs. Learn more about fact-checking at AP. 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. 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. 5. It is possible to make high double digit returns on land that you bought for an affordable price only a few years prior. It makes no sense.. Microsoft co-founder Bill Gates finally revealed the reasons behind his massive purchase of farmland: seed science and biofuel development. Quarterman guessed that may be because Bill Gates isnt the one doing the farming. The billionaire media mogul Ted Turner epitomizes such disparities. 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 Gates Foundation said in a statement that its agriculture efforts do not extend to farming in the U.S. 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. Through his subsidiary Mt. The conservation of lands is important, he said. In addition, the land is audited to meet sustainability standards including soil health and water management. Someone else is owning that asset, whether it's rented equipment or land. The tech mogul, who is the fourth richest person in the world with a net worth of $121billion, according to Forbes, has quietly built up a massive agriculture portfolio. Back in January, US magazine The Land Report revealed that Bill and Melinda Gates have amassed the largest portfolio of private farmland in the US, comprising an estimated 242,000 acres. Gates' achievement, according to the report, is that he's largest private owner of farmland in the US. In north Louisiana, the Gateses investment firm owns about 70,000 acres of land through at least three other shell companies. Much of Turner's land is used as grazing land for over 50,000 head of buffalo . But theyre far better known for their work in tech and in trying to save the climate. Land will likely never be a bad investment, as long as the land is healthy and properly located. The third richest man on the planet doesnt have a green thumb. 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. There are also growing trends revolving around the purchase of low acreage farmland and noncommercial farming. The biggest chunks of Gates holdings are in Louisiana and Arkansas, where he owns 69,071 acres and 47,927 acres, respectively, the outlets research found. If you said investment, then you are right. Bill Gates, one of the most powerful billionaires in the world and co-founder of tech giant Microsoft, and wife Melinda are ending their 27-year marriage, the two tweeted in unison on Monday. If you are unsure where to start, you can also check country tax sales. 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. An NBC News analysis also identified Gates as the largest farmland owner in the US. The land that Bill Gates owns is used to grow soybeans, corn, cotton, and rice over 70,000 acres in northern Louisiana. 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. Members of the Stanley family now work for Generations. He added: 'In addition, the states oldest winery, Chateau Ste. The Gates family currently [] 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. MINOT, N.D. North Dakotans like to pride themselves on being pro-property rights. Our inventory spans mostly in the western United States. TRENDING: OUCH! That kind of hard work isnt what made him rich. Do whatever you want to with the land as the value increases. 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. 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. 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. Weve been trained by experience, land acquisition courses, and hundreds of hours meeting with county assessors and clerks, zoning officials, realtors, and land investors. In other words, when the economy is struggling, the value of farmland generally doesnt depreciate. Our exposure to Invitation Homes is owning its stock in mutual funds we manage, not buying houses w/ them, BlackRock tweeted. ', Cascade did not elaborate on the agricultural land purchases other than to say that the company is 'very supportive of sustainable farming.'. 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. What Is The Banking Process To Buy Raw Land, Price Of Agricultural Land In The Philippines. Farmland offers a strategy that is completely separated from his other wealth and investments. In fact, Gates is the owner of over 270,000 acres of farmland, which is worth over $700 million! BlackRock also suggested it was being confused for the similarly-named investment management firm Blackstone, which until recently owned Invitation Homes. 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. from February that showed there were more than 895 million total acres of farmland in the country last year. Nick Estes is a citizen of the Lower Brule Sioux Tribe. Gates and his investment team own more than 240,000 acres, as reported by Eric O'Keefe, including 2,167 acres in Michigan. The January 11 issue of The Land Report is worth reading. (AP Photo/Michael Probst, File ), Connect with the definitive source for global and local news. Recently, an article in Land Report stated that Bill Gates owns more American farmland than anyone else. In fact it is so big that it is a little hard to conceptualize. According to the Land Report in 2021, the Gateses had 242,000 acres of farmland, 1,234 acres or recreational land, and 25,750 acres of land that was in transition from farmland to residential and . That is a big chunk of land. Bill Gates investment company, Cascade Investments, has invested in hundreds of thousands of acres of farmland in the last 10 years. Is this simply a diversification of Gates' massive tech investment portfolio? 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. You can also look at local resources in your area to see where land is being bought or sold. In total, Bill and Melinda Gates have acquired land in more than a dozen states. According to landreport.com, the Gates family has a total of 242,000 in farmland acreage in the United States. That crown belongs to Liberty Media chairman John Malone, who has 2.2 million acres, according to The Land Report. This will always be true, no matter where the land is. Why aren't they giving more? I mean, it is unlikely that one of the richest people in the world would invest in something that wasnt a good investment, right? Data gathered by The Land Report and NBC News show that their land holdings range from 70,000 acres in north Louisiana, where their farmland grows soybeans, corn, cotton and rice, to 20,000 acres in Nebraska, where farmers grow soybeans. 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. The attraction that people have to investing in farmland is that it tends to be countercyclical to the stock market. By Arable land is not just profitable. As of 2020, industry reports show he owned about 0.027% of U.S. farmland. Now Bill Gates appears to have acquired a slice of their tiny city, and locals near. retail, office buildings, hotels and apartment complexes, rather than single-family homes, but he declined to provide a breakdown. What expertise in climate science or agriculture Gates possesses beyond being filthy rich is anyones guess. 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. In every state where the Gateses own land, a tangled web of locally registered limited liability companies follow. The 13,573-square-foot home has six bedrooms, 11 bedrooms and more luxury features than you can count. (Google Maps), Image: The building housing the offices of Cascade Investment in Kirkland, Wash., on May 22, 2021. But, As of February 2021, Gates has made headlines across the wor. Raw land is not developed. Kroenke is married to Ann Walkton Kroenke, an heiress to the Wal-Mart fortune. At this valuation, Gates likely paid close to $2 billion for the luxury-hotel business. It was the highest priced land sale in the US that year. 23:06 GMT 15 Jan 2021 FILE - Bill Gates attends a discussion during the 'Munich Security Conference' in Munich, Germany, Friday, Feb. 18, 2022. He also owns three hotels in Dublin, Ireland, and a fourth in Limerick. In Nebraska where he owns 20,000 acres, it is used for soybeans. The opportunities are virtually endless. But why do a handful of people own so much land? So while the tech mogul certainly owns a large constellation of farms, its nowhere close to the majority nationwide. After all, few can out-bid Bill Gates. 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. 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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. One of the Gates favorite vacation homes is in the Yellowstone Club in Big Sky, Montana. 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. 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. Stan Kroenke: Land area: 1.4 million acres. Like wealth, land ownership is becoming concentrated into fewer and fewer hands, resulting in a greater push for monocultures and more intensive industrial farming techniques to generate greater returns. 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. Gates . Bill Gates' Land Ownership. The opportunities are virtually endless. His 242,000 acres of farmland stretch across 18 states from Washington to Florida,. In fact, this also means that you may not even have to apply for a loan to start the investment! 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. The worlds richest 1% emit double the carbon of the poorest 50%, an 2020 Oxfam study found. He never did anything that different from before he got here and what other farmers were doing nearby.". And we think it will provide good inflation protection in the long run. 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. 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. Bill Gates owns more private farmland in the US than anyone else, an analysis by The Land Report found. 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 land that Bill Gates owns is used to grow soybeans, corn, cotton, and rice over 70,000 acres in northern Louisiana.

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