How Did Trudy Olson Die, Modular Tiny Homes Montana, Lisa Osteen Date Of Birth, Stephen Ross Ucla, Articles B

The conservation of lands is important, he said. Does Bill Gates Own the Majority of US Farmland? | Snopes.com Now Bill Gates appears to have acquired a slice of their tiny city, and locals near. Farmland offers a strategy that is completely separated from his other wealth and investments. Land can produce food, fuel, and manufacturing materials as well as provide environmental services, residential spaces, and more. The land is owned both directly and indirectly by Cascade Investment, the Seattle-area firm that Gates the worlds third-richest man with a net worth of $132 billion, according to Bloomberg set up to manage his massive fortune, according to The Land Report. That kind of hard work isnt what made him rich. 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. 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. Bill Gates investment company, Cascade Investments, has invested in hundreds of thousands of acres of farmland in the last 10 years. of the richest people in the country, owns less than one percent of the nations total farmland. 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. But they're just renting it. The outlet reported this week that Gates, 65, owns 268,984 acres of. Land holds ample opportunities for growth and development, yet you may find that there is more land than there is competition. FILE - Bill Gates attends a discussion during the 'Munich Security Conference' in Munich, Germany, Friday, Feb. 18, 2022. I mean, it is unlikely that one of the richest people in the world would invest in something that wasnt a good investment, right? We loved familys outdoor adventures so much we started a land business just to help others buy their own land. This way, the land will remain productive and healthy, while also becoming a money-driving investment. Gates' achievement, according to the report, is that he's largest private owner of farmland in the US. Here is the . LITTLE ROCK, Ark. 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. AP'S ASSESSMENT: False. 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. Whose land is it anyway? Farmers, billionaires, foreign investors Bill Gates is in the money flow business, and farmland, as well as other land, can generate a lot of money. Bill Gates owns massive parcels of farmland. It's not part of his plans 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. BlackRock is sometimes confused w/ Blackstone, which owned Invitation Homes. 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. 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. Private Residence at the Yellowstone Club in Big Sky, Montana: Estimated $5-25 Million. These shell companies have made it difficult to find out where and how much farmland the Gateses own even for local farmers, like John S. Quarterman, a farmer and landowner who grows okra, corn, squash and other vegetables in Lowndes County on the southern edge of Georgia. , updated They own the soil where the potatoes in McDonald's french fries grow, the carrots from the world's largest . 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). Bill Gates owns a lot of American farmland, but not the majority In 1994 Bill and Melinda Gates are said to have hired Michael Larson to help them diversify their property portfolio. Bill Gates Is The Largest Owner Of Farmland In The US - Nation 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. The map shows a 242,000 acre square situated over New York. You can also fill out the contact form below if you are interested in buying or selling land. Gates has been buying land like its going out of style. 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. This means that there is not much to maintain on it unless you want to add your own buildings or other property. The couple also snapped up an oceanfront home in San Diego County, California, last year, for a record making $43 million. 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.. Bill Gates Becomes the Largest Farmland Owner in the United - Peoplemag But farmer advocates say the Gateses large-scale farm purchases dont make room for smaller farmers to break into the market. The farmland was purchased through a constellation of companies that all link back to the couples investment group, Cascade Investments, based in Kirkland, Washington. Like other investment opportunities, you can find land for sale online. Small farmers and Indigenous people are more cautious with the use of land. We've received your submission. The private residential area is home to numerous A-list celebrity couples including Justin Timberlake and Jessica Biel. There farmers primarily grow soybeans, rice, corn and cotton. The third richest man on the planet doesnt have a green thumb. Our inventory spans five western states. Port: Bill Gates can't buy land in North Dakota? - InForum What Is The Banking Process To Buy Raw Land, Price Of Agricultural Land In The Philippines. 5. Learn more about fact-checking at AP. Bill Gates has secured legal approval for his North Dakota farmland purchase But the deal drew scrutiny under a 1932 anti-corporate farm ownership law Now state AG says the deal is legal, because . 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. These purchases are also a direct result of their daughters equestrian career hopes because of Wellingtons close proximity to the Palm Beach International Equestrian Center. 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. This is where a country sells land when the owner becomes delinquent on their property taxes. From mortgage info and housing trends to updates on which celebritys bathroom is equipped with a Vitamin-C infused shower, Housecall covers the entire moving and shaking gamut of the industry decision to end their marriage after 27 years, How to Know Youve Found the Home of Your Dreams, 3 Reasons to Hire Pest Control Services After Moving Into Your Home, 4 Additions For Your New Bathroom Remodel, Top Kitchen Design Trends to Consider for Your Renovation, Inside Jeff Bezos Multi-Billion Dollar Real Estate Portfolio, Reasons to Take Care of a Water Leak in Your Home as Soon as Possible, A Quick Guide to Stopping Ceiling Leaks in Your Home, 10 Tips for Taking Care of Wood Furniture, 5 Important Facts About Your Rain Gutter System, 5 Strategies for Making Moving House as Smooth as Possible, Lessons Every Homeowner Can Learn This Winter to Prepare for the Next, How to Spot Foundation Issues in an Old Home. Gates and his investment team own more than 240,000 acres, as reported by O'Keefe, including 2,167 acres in Michigan. Bill and Melinda have diversified their portfolioworth more than $130 billionfor years, and one of their favorite investments is real estate. Gates . 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. Renewable energy company Savion has an option to buy the property for what . After all, few can out-bid Bill Gates. This will always be true, no matter where the land is. In fact, he reportedly owns more farmland than any other individual in America. 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 biggest private owner of farmland in - The Guardian Malone continued, the forestry part of it in the Northeast is a pretty good business, with very low return on capital, but very stable and leverageable. 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 and Melindas main residenceand by far their most impressive homeis a massive compound in Medina, Washington nicknamed 'Xanadu 2.0' in a reference to Citizen Kane. Listen to article. Why Bill Gates Is Buying Up U.S. Farmland - YouTube 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. 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 firm is a shareholder in Dallas-based Invitation Homes, which owns nearly 80,000 single-family rentals nationwide. Bill and Melinda have purchased numerous properties in Wellington, Florida, over the years. Bill Gates' 20,000 acres in Nebraska help make him the top farmland The average person has nothing in common with mega-landowners like Bill Gates or Ted Turner. 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. 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. Bill Gates is the largest farmland owner in America: report - New York Post They accounted for almost 1% of the agricultural land in the United States. Bill Gates Called Out By Farmer For Secretly Buying Up US Farmland: 'I Today, Bill Gates owns 242,000 acres of farmland in 19 states. As of 2020, industry reports show he owned about 0.027% of U.S. farmland. Bill Gates may be trading his pocket protector for cowboy boots. retail, office buildings, hotels and apartment complexes, rather than single-family homes, but he declined to provide a breakdown. The land that Bill Gates owns is used to grow soybeans, corn, cotton, and rice over 70,000 acres in northern Louisiana. 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,. In total, Gates owns approximately 242,000 acres of farmland with assets totaling more than $690m. 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. 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. 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. The billionaire says he purchased the land because they are not making it anymore.. What expertise in climate science or agriculture Gates possesses beyond being filthy rich is anyones guess. These states include: Arizona - 25,750 acres; Arkansas - 47,927 acres The Microsoft co-founder and his former wife, Melinda, are the top farmland owners in. Bill Gates owns more land than all of the entire city of New Why Bill Gates Is Buying Up U.S. The Emmerson family owns and operates Sierra Pacific Industries, a company that logs usable lumber after forest fires and sells it to lumber retailers. Why aren't they giving more? Bill Gates Doesn't Own That Much Farmland | Aaron Smith In total, Bill and Melinda Gates have acquired land in more than a dozen states. You can read more about us, here. That crown belongs to Liberty Media chairman John Malone, who has 2.2 million acres, according to The Land Report. 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. 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. 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. 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. While private companies and corporations are increasing . Apparently Bill Gates now owns almost 242,000 acres of land in the United States. The value depends on a lot of factors including location, type of land, acreage, supply, demand, and more. 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. Bill Gates' farmland buying spree highlights investment appeal 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. Raw land is not developed. Exactly How Much Farm Land Does Bill Gates Own? It's More Than Any We think we now know. Mansion in Rancho Santa Fe, California: $18 Million. 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. BlackRock, meanwhile, is also not the owner of the majority of single family houses in the country. 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. Adding to the confusion, Blackstone was once a major investor in BlackRock, but sold off its stake in the 1990s. The billionaire couple, in less than a. 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. Which is where the Bill Gates' Land Ownership interactive map comes in. The Microsoft co-founder has reportedly purchased an $8.9 million Wyoming ranch that was once the stomping grounds of Buffalo Bill . On Friday, a showdown between two of the largest agricultural landowners in the United Statesthe Church of Latter-Day Saints and Bill Gates ' wealth management firmcame . Gates and his investment team own more than 240,000 acres, as reported by Eric O'Keefe, including 2,167 acres in Michigan. Financial titans like Prudential and Hancock have divisions specifically for investors looking to make money on farmland portfolios. Last year, Bill and Melinda purchased a sprawling beachfront 6-bedroom, 4-bath home in Del Mar, Californiaoutside of San Diegofor $43 million. Can you imagine having that much property? 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. 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. But why do a handful of people own so much land? Bill Gates now owns the most farmland of anyone in the United States, according to a recent report from The Land Report . 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. BlackRock also does not own the majority of the countrys 80 million single-family homes. In Nebraska where he owns 20,000 acres, it is used for soybeans. You may have heard that Bill Gates owns a lot of land, but you may not know how much. (Google Maps), Image: The building housing the offices of Cascade Investment in Kirkland, Wash., on May 22, 2021. He is the author of the book Our History Is the Future: Standing Rock Versus the Dakota Access Pipeline, and the Long Tradition of Indigenous Resistance (Verso, 2019), In a pandemic, billionaires are richer than ever. The 13,573-square-foot home has six bedrooms, 11 bedrooms and more luxury features than you can count. Since it works as an investment for him, it also includes the benefits of using land as an investment like he does. 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. And the firm said its very supportive of sustainable farming. (Stephen Osman / Los Angeles Times via AP file), The buildings of the 100 Circles Farm are at the center of this satellite image. Map reveals which billionaire owns largest amount of land in US - and 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. When Bill Gates, or whatever other investment arm owns the land, a farmer still needs to farm it. Lemmon Holdings, the billionaire spent $80 million to purchase. 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. So what is this guy planning? Its a hedging strategy, said Daniel Bigelow, a professor of agricultural economics at Montana State University, who previously served as a USDA research economist. Single-family homes are priced between $5-25 million. In 2014, Cascade Investments combined both of those companies and the land into Generations Farms, which continued to grow vegetables. Kroenke is married to Ann Walkton Kroenke, an heiress to the Wal-Mart fortune. 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. Bill Gates found to be the largest farmland owner in the U.S - KARK Thats why lands still managed by Indigenous peoples worldwide protect and sustain 80% of the worlds biodiversity, practices anathema to industrial agriculture. Nick Estes is a citizen of the Lower Brule Sioux Tribe. America's Biggest Owner Of Farmland Is Now Bill Gates - Forbes Every Property Bill and Melinda Gates Owned Together | RISMedia\'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 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. That's one of the many takeaways from the 2021 Land Report 100, which is compiled each year by Land Report magazine. CNN founder Ted Turner owns 2 million acres of land largely in New Mexico, South Dakota, Nebraska, and Georgia. by Harvard Universitys Joint Center for Housing Studies. 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.'. 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." A 2018 purchase of 14,500 acres of prime eastern Washington farmland which is traditional Yakama territory for $171m helped him get that title. This could give you a place to relax or to even build a small vacation home. 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. Bill Gates owns more private farmland in the US than anyone else, an analysis by The Land Report found. While he owns a significant amount, it is a relatively small slice of the nations nearly 900 million total farm acres. One of the Gates favorite vacation homes is in the Yellowstone Club in Big Sky, Montana. It also offers proven return rates. Bill Gates' 242,000 Acres of Farmland Could Be Split in Divorce Microsoft co-founder Bill Gates finally revealed the reasons behind his massive purchase of farmland: seed science and biofuel development. 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. 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. However, his largest land holdings are in Louisiana (69,071 acres), Arkansas (47,927 acres), Nebraska (20,588 acres . Report: Bill Gates is largest owner of private farmland in U.S., with How the Mormon Church Beat Bill Gates in a Battle - The Daily Beast The 65-year-old's largest holdings include 69,071 acres in Louisiana, 47,927 acres in Arkansas,25,750 acres in Arizona, 20,588 acres in Nebraska and16,097 in Washington state. Is Bill Gates your farming neighbor? - Farm Progress The Microsoft co-founder faced several claims that he owned a majority of America's farmland earlier this year. He never did anything that different from before he got here and what other farmers were doing nearby.". Bill Gates now the biggest owner of farmland in the US We are no longer accepting comments on this article. Cascade declined to comment on its specific land holdings. 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. buying an increasing share of the U.S. housing market. You can email us at contact@askbamland.com. They bought and later sold an additional 6,000 acres in Georgia, NBC News found. But, As of February 2021, Gates has made headlines across the wor. According to 2021 article from the Land Report, a magazine about land ownership, Gates owns approximately 242,000 . 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. 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. 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 . In fact, this also means that you may not even have to apply for a loan to start the investment! 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.