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. And in Florida, farmers grow carrots on their property. Its uncertain why Gates has invested in so much farmland or how his tracts are currently being used. Much of Turner's land is used as grazing land for over 50,000 head of buffalo . They accounted for almost 1% of the agricultural land in the United States. It will not tell you that Bill Gates is your neighbor. Bill Gates' 20,000 acres in Nebraska help make him the top farmland owner in the U.S. Christopher Burbach Jan 24, 2021 Updated May 17, 2022 0 1 of 10 This cropland west of Malmo, Nebraska, is. That crown belongs to Liberty Media chairman John Malone, who has 2.2 million acres, according to The Land Report. Bill Gates investment company, Cascade Investments, has invested in hundreds of thousands of acres of farmland in the last 10 years. 2021 Land Report: Who owns the most land in the United States? You may also be interested in why a billionaire wants land.if(typeof ez_ad_units!='undefined'){ez_ad_units.push([[300,250],'askbamland_com-medrectangle-3','ezslot_2',102,'0','0'])};__ez_fad_position('div-gpt-ad-askbamland_com-medrectangle-3-0'); Bill Gates is one of the largest farmland owners in the United States. 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. He's one of the richest men in the world and the largest individual owner of farmland in the country. 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. The 13,573-square-foot home has six bedrooms, 11 bedrooms and more luxury features than you can count. The 13,573-square-foot home has six bedrooms, 11 bedrooms and more luxury features than you can count. The Microsoft co-founder and his former wife, Melinda, are the top farmland owners in. The acquisitions are held directly, as well as through Gates' personal investment entity, Cascade Investments. - Bill and Melinda Gates are taking on the new title of the biggest farmland owners in the United States, with a good chunk of that ownership being in Arkansas. 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Follow Bill Gates: Do Not Invest In Tech, Invest In Farmland - Gizchina.com 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. 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. According to the Land Report 100 Research Team, that figure is currently more than twice that amount, which means Bill Gates, co-founder of Microsoft, has an alter ego: Farmer Bill, the guy who owns more farmland than anyone else in America. His land ownership spans across 19 states. For five generations, the Reed Family has owned and operated the logging company Green Diamond Resource Co. There . He backed Impossible Foods, which relies on genetically modified soybeans, and also held shares of Beyond Meat through the Bill and Melinda Gates Foundation Trust, though SEC filings show those shares were sold in 2019. But Zehren of Cascade noted that the firm has been working in Florida and elsewhere to promote ecologically conscious agriculture and that it plans to continue to evaluate its farmland portfolio to improve its overall sustainability. 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. I mean, it is unlikely that one of the richest people in the world would invest in something that wasnt a good investment, right? As of 2020, industry reports show he owned about 0.027% of U.S. farmland. 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 [] Bill Gates shoots down rumored Chinese link to N.D. farmland Bill and Melinda bought this massive mansion in the Coachella Valley for $12.5 million in 1999. , said his investment group was behind the purchases, and suggested it was linked to seed and biofuel development. 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. More surprising, however, was the fact that Bill and Melinda Gates own more private farmland . We Now Know Why Creepy Bill Gates Invested in All of That US Farmland 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 Approved to Buy Acres of Farmland in North Dakota - IJR Farmer Bill. That is a big chunk of land. Lets take a look at some of the reasons that land, particularly raw land, can be a good investment for Bill Gates or anybody else, including you. Land holds ample opportunities for growth and development, yet you may find that there is more land than there is competition. 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. Bill Gates Is The Largest Owner Of Farmland In The US - Nation Gates and his investment team own more than 240,000 acres, as reported by Eric O'Keefe, including 2,167 acres in Michigan. Every Property Bill and Melinda Gates Owned Together | RISMedia\'s You just have to keep it relatively clean, mow it, and pay property taxes. An NBC News analysis also identified Gates as the largest farmland owner in the US. Since it works as an investment for him, it also includes the benefits of using land as an investment like he does. 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. But why do a handful of people own so much land? Bill Gates Is America's Largest Private Owner of Farmland - Breitbart He added: 'In addition, the states oldest winery, Chateau Ste. We think we now know. How Much Land Does Bill Gates Own? | askBAMLand It also offers proven return rates. 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 Is Bill Gates Buying Farmland? You'll be Surprised - Land Income Theres a more cynical calculation. 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. Gates and his wife own 269,000 acres of farmland. Bill and Melinda bought this massive mansion in the Coachella Valley for $12.5 million in 1999. BlackRock, meanwhile, is also not the owner of the majority of single family houses in the country. Why Is Bill Gates Buying Farmland? How Much Does He Own? - Farmfolio Our inventory spans five western states. John Malone is the largest private landowner in the United States. 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. The 14,000 acres in Washington is used for potatoes and in Florida the land is used for carrots. That's one of the many takeaways from the 2021 Land Report 100, which is compiled each year by Land Report magazine. Investors generally are nevertheless buying an increasing share of the U.S. housing market. We know that one of the best ways to sequester carbon is through the soil. In 2018 Gates reportedly bought about 16,000 acres in his home state of Washington, including a 14,500-acre tract in the Horse Heaven Hills region that was purchased for nearly $171 million from an insurance company that had paid $75million for it in 2010. One of the Gates' favorite vacation homes is in the Yellowstone Club in Big Sky, Montana. This way, the land will remain productive and healthy, while also becoming a money-driving investment. While Gates owns nearly 270,000 acres of farmland across the US, he isnt the largest landowner in the country. Plan for solar farm targets Gates' land - PressReader It was the highest priced land sale in the US that year. Bill Gates reveals reasons behind massive farmland purchases Our inventory spans mostly in the western United States. 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. Gates' purchase averaged $12,000 per acre. Gates shares ownership with Saudi Prince Alwaleed bin Talalthe two purchased the chain in 2007 for $3.8 billion. 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. While the Gateses are best known for their philanthropic work tackling large-scale societal problems, like funding the coronavirus vaccine and controlling malaria via the Bill and Melinda Gates Foundation, they have also invested in some companies rethinking food production and have endorsed the use of genetically modified seeds as one way to increase farming productivity and feed more people globally. 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. 4. So while the tech mogul certainly owns a large constellation of farms, its nowhere close to the majority nationwide. Bill Gates' North Dakota Land Purchase Sparks Questions Online - Newsweek 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. 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). Farmland can be an investment in several ways. You can email us at contact@askbamland.com. Farmland can be an investment in several ways. 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. An Update on Bill Gates' New Smart City in Arizona | GlobeSt Bill Gates owns more land than all of the entire city of New Why Bill Gates Is Buying Up U.S. (Google Maps), Image: The building housing the offices of Cascade Investment in Kirkland, Wash., on May 22, 2021. 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. The land that Bill Gates owns is used to grow soybeans, corn, cotton, and rice over 70,000 acres in northern Louisiana. Except, it seems, when it comes to a private individual selling some land to iconic billionaire Bill Gates. Exactly How Much Farm Land Does Bill Gates Own? It's More Than Any 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. Bill Gates now owns almost 242,000 acres of the continguous USA. So what is this guy planning? 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. And Bill Gates new book How to Avoid a Climate Disaster positions himself as a thought leader in how to stop putting greenhouse gases into the atmosphere and how to fund what he has called elsewhere a global green revolution to help poor farmers mitigate climate change. 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. 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. Raw land is not developed. 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. Bill Gates, who already owns close to 270,000 acres of land in the U.S In fact, this also means that you may not even have to apply for a loan to start the investment! In this country, enslaved Black labor first built US wealth atop stolen Native land. The LandReport, a magazine that provides news and insight on America's landowners, recently estimated that Microsoft founder Bill Gates is the largest farmland owner in the U.S., owning about 242,000 acres. , updated The attraction that people have to investing in farmland is that it tends to be countercyclical to the stock market. In an interview with CNBC, Malone said that his biggest motivation for purchasing land was preservation and he said he hopes to buy more. This map shows that area as a rectangle that can be dragged. By from February that showed there were more than 895 million total acres of farmland in the country last year. But, As of February 2021, Gates has made headlines across the wor. You can also look at local resources in your area to see where land is being bought or sold. Bill Gates, the fourth richest person in the world, currently owns 242,000 acres of farmland, making him the top private farmland owner in America, according to Forbes. In 2014, he reportedly purchased more than 4,500 acres in Suwannee County, Florida, for nearly $28 million. 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. 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. In fact, he owns some of the land that produces potatoes used to make McDondalds french fries. (Matt Odom / for NBC News), Image: John Quarterman (Matt Odom / for NBC News), Image: Philanthropist and co-founder of Microsoft, Bill Gates and his wife Melinda listen to the speech by French President Francois Hollande, prior to being awarded Commanders of the Legion of Honor at the Elysee Palace in Paris (Kamil Zihnioglu / Pool via Reuters), American businessman and philanthropist (born 1955). A white man owns more farmland than my entire Native nation! The title for largest landholdings overall goes to US businessman John Malone, chairman of Liberty Media, who owns 2.2million acres. 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. Bill Gates now owns the most farmland of anyone in the United States, according to a recent report from The Land Report .
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