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. CNN founder Ted Turner owns 2 million acres of land largely in New Mexico, South Dakota, Nebraska, and Georgia. Bill Gates acquired six parcels of land in Pembina County. Farmland can be an investment in several ways. The Gates Foundation said in a statement that its agriculture efforts do not extend to farming in the U.S. Bill Gates was quietly becoming the biggest private owner of farmland in the United States. 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. (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). 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. 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. 23:06 GMT 15 Jan 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 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. We are no longer accepting comments on this article. We loved familys outdoor adventures so much we started a land business just to help others buy their own land. Gates and his wife own 269,000 acres of farmland. Land holds ample opportunities for growth and development, yet you may find that there is more land than there is competition. I mean, it is unlikely that one of the richest people in the world would invest in something that wasnt a good investment, right? The agriculture sector is important, he wrote. The United States is defined by the excesses of its ruling class. BlackRock is sometimes confused w/ Blackstone, which owned Invitation Homes. They accounted for almost 1% of the agricultural land in the United States. 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. A Grimmway Farms employee moves a water pipe at one of their carrot farms in the Antelope Valley near Lancaster, Calif., in 2004. It also offers proven return rates. 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. 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. Recently, an article in Land Report stated that Bill Gates owns more American farmland than anyone else. 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 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. In emails, BlackRock spokesman Christopher Beattie told The Associated Press that the firm. Starting in 2012, Gates investment firm began buying family farms in South Georgia. BlackRock also suggested it was being confused for the similarly-named investment management firm Blackstone, which until recently owned Invitation Homes. The land that Bill Gates owns is used to grow soybeans, corn, cotton, and rice over 70,000 acres in northern Louisiana. You can also fill out the contact form below if you are interested in buying or selling land. 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 just have to keep it relatively clean, mow it, and pay property taxes. 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 and Melinda have diversified their portfolioworth more than $130 billionfor years, and one of their favorite investments is real estate. Wonderful Company cofounders Stewart and Lynda Resnick (net worth: $7.1 billion) ranked number three . Buffalo Bill Cody's Ranch in Cody, Wyoming: Undisclosed Sale Price (Listed for $8.9 Million). Bill and Melinda have purchased numerous properties in Wellington, Florida, over the years. 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. Gates achievement, according to the report, is that hes largest private owner of farmland in the US. He hoped Gates would have invested in different farming techniques that could help turn around the ecological damages from big agriculture. Here is the . | 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. Land holds ample opportunities for growth and development, yet you may find that there is more land than there is competition. 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. Now you have a foundation where the mission on one side is to save the world and to do all these wonderful things surrounding climate, and on the other side theyre investing in the exact same things that are causing the harm that the mission side is trying to protect, Mason said. 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 Microsoft co-founder has become the largest owner of farmland in the. There, on Gates parcels, an industrial farm grows potatoes for McDonalds french fries. You may also be interested in why a billionaire wants 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 and Melinda Gates, who recently announced theyre getting divorced and are dividing their assets, are deeply invested in American agriculture. 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. 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. Bill Gates' Land Ownership. This means that there is not much to maintain on it unless you want to add your own buildings or other property. Bill Gates now owns almost 242,000 acres of the continguous USA. The Microsoft co-founder and his former wife, Melinda, are the top farmland owners in. 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 has never been a farmer. 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. Malone's 2.2 million acres are largely located in Maine, New Mexico, Colorado, and Wyoming and include profitable cattle ranches. 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. Weve never been one of the big institutional buyers of single family homes, BlackRock said in response to one tweet. 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. You can read more about us, here. 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. 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). Many people wonder why Bill Gates would make these moves with his investment portfolio. , said his investment group was behind the purchases, and suggested it was linked to seed and biofuel development. 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. 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. A 2018 purchase of 14,500 acres of prime eastern Washington farmland - which is traditional. The potential is endless. 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. The worlds richest 1% emit double the carbon of the poorest 50%, an 2020 Oxfam study found. The Associated Press reports that last week, billionaire Microsoft founder Bill Gates was cleared to purchase 2,100 acres of rural North Dakota farmland. TRENDING: OUCH! 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'. In six years that number has more than doubled. Wealth accumulation always goes hand-in-hand with exploitation and dispossession. 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. It is possible to make high double digit returns on land that you bought for an affordable price only a few years prior. By retail, office buildings, hotels and apartment complexes, rather than single-family homes, but he declined to provide a breakdown. 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This could give you a place to relax or to even build a small vacation home. Like other investment opportunities, you can find land for sale online. The price makes this one of the most expensive home sales in this part of California ever. 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. In January 2021, Bill Gates became the largest owner of farmland in the United States. 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 . 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. Bill Gates is the largest private owner of American farmland, which is why so many people are wondering what he will use it for. Farmland offers a strategy that is completely separated from his other wealth and investments. BlackRock is sometimes confused w/ Blackstone, which owned Invitation Homes. 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. In this country, enslaved Black labor first built US wealth atop stolen Native land. 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. 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. In 1994 Bill and Melinda Gates are said to have hired Michael Larson to help them diversify their property portfolio. The opportunities are virtually endless. In 2014, he reportedly purchased more than 4,500 acres in Suwannee County, Florida, for nearly $28 million. 07:04 GMT 16 Jan 2021. Nick Estes is a citizen of the Lower Brule Sioux Tribe. His largest holding is in Louisiana (69,071 acres), followed by Arkansas (47,927 acres) and Arizona (25,750 acres). The Gates family currently [] If you are unsure where to start, you can also check country tax sales. 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. In an interview with CNBC, Malone said that his biggest motivation for purchasing land was preservation and he said he hopes to buy more. 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. Of those rentals, less than a third are owned by non-individual investors, according to a 2022 report by Harvard Universitys Joint Center for Housing Studies. Mansion in Rancho Santa Fe, California: $18 Million. The map shows a 242,000 acre square situated over New York. The tech mogul, who is the. They own the soil where the potatoes in McDonalds french fries grow, the carrots from the worlds largest producer and the onions that Americans saut every night for dinner. Gates is not the only billionaire on The Land Report 's list of top private farmland owners. 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. 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. 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. But a Gates spokesperson said in a statement on Friday that the claim that hes bought the majority of the nations farmland is false, pointing to. They bought and later sold an additional 6,000 acres in Georgia, NBC News found. 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. The farmland was purchased through a constellation of companies that all link back to the couples investment group, Cascade Investments, based in Kirkland, Washington. Although the sale price has never been made public, the 492-acre home was listed for $8.9 millionand we cant imagine Bill and Melinda doing much haggling. The billionaire media mogul Ted Turner epitomizes such disparities. Bill Gates uses farmland as investment vehicle, owning 269,000 acres of land. The company also took to Twitter to reject the false narrative. Our era is dominated by the ultra-rich, the climate crisis and a burgeoning green capitalism. 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. 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.'. Farmer Bill. The third richest man on the planet doesnt have a green thumb. 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.
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