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. Why should striking rail and postal workers get a big pay rise while our pay packets remain stagnant or worse? Bill Gates has secured legal approval for the controversial purchase of thousands of acres of prime North Dakota farmland, after the deal drew fury from the state's residents. 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. These states include: Arizona - 25,750 acres; Arkansas - 47,927 acres 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. The land we all live on should not be the sole property of a few. The value depends on a lot of factors including location, type of land, acreage, supply, demand, and more. He also purchased the 800-acre Bridlewood Farms in Florida. One of the Gates favorite vacation homes is in the Yellowstone Club in Big Sky, Montana. You can email us at contact@askbamland.com. The United States is defined by the excesses of its ruling class. Renewable energy company Savion has an option to buy the property for what . Through our professional experience in land acquisition, we have found that people buy and sell land for many different reasons and have learned that it can be an investment for profit, vacation, or any opportunity that suits your needs and desires. Recently, an article in Land Report stated that Bill Gates owns more American farmland than anyone else. But that could soon change. This will always be true, no matter where the land is. Residents Furious When Bill Gates Swoops in to Buy Huge - Futurism Xanadu 2.0 in Medina, Washington: Estimated $140-170 Million, Source: Steve Ringman / The Seattle Times. by Harvard Universitys Joint Center for Housing Studies. 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. 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. The price makes this one of the most expensive home sales in this part of California ever. This can be an affordable way to get started with your raw land investments. In fact, Gates is the owner of over 270,000 acres of farmland, which is worth over $700 million! Our era is dominated by the ultra-rich, the climate crisis and a burgeoning green capitalism. An NBC News analysis also identified Gates as the largest farmland owner in the US. But he didn't, Quarterman said. The Case for Bill Gates: Microsoft Corp co-founder is largely considered the biggest private owner of farmland in the U.S. with nearly 270,000 acres. Not only that, but it fits in with Gates values as a philanthropist because he can keep the farmland healthy for future generations. Gates-affiliated ownership covers vast swaths of farm and timberland, estimated to be 69,071 acres in all by niche land ownership publication The Land Repor t. Across the nation, Gates'. But they're just renting it. You may have heard that Bill Gates owns a lot of land, but you may not know how much. Some of that land, including nearly 300 acres, was sold in 2019 to the California-based Grimmway Farms, the worlds largest carrot producer. In 1994 Bill and Melinda Gates are said to have hired Michael Larson to help them diversify their property portfolio. The largest. 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. However, his largest land holdings are in Louisiana (69,071 acres), Arkansas (47,927 acres), Nebraska (20,588 acres . 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. Some raw land may even be as affordable as a few thousand dollars, which can be an affordable and cost-effective investment strategy (or just a place to use for personal reasons). Properties up for grabs include a $123million mansion with a trampoline room and a $43million oceanfront mansion with a ten-person jacuzzi. Bill Gates investment company, Cascade Investments, has invested in hundreds of thousands of acres of farmland in the last 10 years. 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. The Gates family currently [] 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. Does Bill Gates Own the Majority of US Farmland? | Snopes.com Bill Gates had managed to purchase nearly 269,000 acres of land in more than 12 states in the US. 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. That kind of hard work isnt what made him rich. Adding to the confusion, Blackstone was once a major investor in BlackRock, but sold off its stake in the 1990s. Here is the . Bill Gates owns massive parcels of farmland. It's not part of his plans Like other investment opportunities, you can find land for sale online. 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. 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. CNN founder Ted Turner owns 2 million acres of land largely in New Mexico, South Dakota, Nebraska, and Georgia. 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. In total, Gates owns approximately 242,000 acres of farmland with assets totaling more than $690m. 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 fact it is so big that it is a little hard to conceptualize. Follow Bill Gates: Do Not Invest In Tech, Invest In Farmland - Gizchina.com 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 hoped Gates would have invested in different farming techniques that could help turn around the ecological damages from big agriculture. The company also took to Twitter to reject the false narrative. 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. Weve answered hundreds of questions from people regarding the buying and use of land. Map reveals which billionaire owns largest amount of land in US - and That's one of the many takeaways from the 2021 Land Report 100, which is compiled each year by Land Report magazine. In addition, the land is audited to meet sustainability standards including soil health and water management. You can read more about us, here. 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. 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. 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. Is this simply a diversification of Gates' massive tech investment portfolio? 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. 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. has grabbed headlines in recent days, some prominent voices have taken to social media to claim that some other significant acquisitions by deep-pocketed individuals and corporations have largely flown under the radar. This means that you can find good deals that may be just the thing you are looking for. In January 2021, Bill Gates became the largest owner of farmland in the United States. 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). 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. Investors bought a record 18.4% of the homes purchased in the fourth quarter of 2021 three-quarters of which were single-family homes. In fact, he reportedly owns more farmland than any other individual in America. It will not tell you that Bill Gates is your neighbor. How Much Land Does Bill Gates Own? | askBAMLand 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. The agency further found that over 50 percent of cropland is rented to farmers who dont own their land. 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. Gates and his investment team own more than 240,000 acres, as reported by O'Keefe, including 2,167 acres in Michigan. Bill Gates acquired six parcels of land in Pembina County. Last year, Bill and Melinda purchased a sprawling beachfront 6-bedroom, 4-bath home in Del Mar, Californiaoutside of San Diegofor $43 million. 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. A 2018 purchase of 14,500 acres of prime eastern Washington farmland - which is traditional. Gates achievement, according to the report, is that hes largest private owner of farmland in the US. 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. 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. Bill and Melinda have purchased numerous properties in Wellington, Florida, over the years. We loved familys outdoor adventures so much we started a land business just to help others buy their own land. He added: 'In addition, the states oldest winery, Chateau Ste. 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. The 1862 Homestead Act opened up 270m acres of Indigenous territory which amounts to 10% of US land for white settlement. In other words, when the economy is struggling, the value of farmland generally doesnt depreciate. 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(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). The billionaire couple, in less than a. The worlds richest 1% emit double the carbon of the poorest 50%, an 2020 Oxfam study found. 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. Malone made the decision to put billions of his wealth into land ownership after spending a summer working on a family farm in Pennsylvania. *According to figures compiled by The Land Report in 2019. 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 a U.S. Department of Agriculture report from February that showed there were more than 895 million total acres of farmland in the country last year. By McDonald's french fries, carrots, onions: all of the foods that come 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. 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. We are no longer accepting comments on this article. Mansion in Rancho Santa Fe, California: $18 Million. 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 farmers primarily grow soybeans, rice, corn and cotton. Bill Gates has invested in various high-profile commercial properties through his personal investment company, Cascade. While the Gates own a lot of farmland, nonfarmers own 283 million acres of farmland throughout the U.S. if(typeof ez_ad_units!='undefined'){ez_ad_units.push([[300,250],'askbamland_com-medrectangle-4','ezslot_3',103,'0','0'])};__ez_fad_position('div-gpt-ad-askbamland_com-medrectangle-4-0'); This article will go into detail about how much land Bill Gates owns and why he owns so much. If you are unsure where to start, you can also check country tax sales. He's one of the richest men in the world and the largest individual owner of farmland in the country. Gates shares 95% of the ownership with Saudi Prince Alwaleed bin Talal. As the population grows in large cities, some people will inevitably want to move to the country. Whose land is it anyway? Farmers, billionaires, foreign investors 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. Michelle, has two of its largest vineyards in that AVA: Canoe Ridge Vineyard and Columbia Crest Vineyard. The family's 1.7 million acres of land are primarily spread across Washington, Oregon, and California. The biggest shift in recent years from small to big farms was in the US. 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. His firms largest farmland acquisition happened in 2017, when it acquired 61 farming properties from a Canadian investment firm to the tune of $500m. Exactly How Much Farm Land Does Bill Gates Own? It's More Than Any BlackRock, meanwhile, is also not the owner of the majority of single family houses in the country. And the firm said its very supportive of sustainable farming. Plan for solar farm targets Gates' land - PressReader Seems like there could be a lot to benefit more of their charities by selling some of this off. Bill and Melinda Gates, who recently announced they're getting divorced and are dividing their assets, are deeply invested in American agriculture. But why do a handful of people own so much land? 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. This could give you a place to relax or to even build a small vacation home. The Microsoft co-founder and his former wife, Melinda, are the top farmland owners in. 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BlackRock is sometimes confused w/ Blackstone, which owned Invitation Homes. Malone owns several ranching and real estate businesses predominantly in Maine, New Mexico, Colorado and Wyoming. Beach House in Del Mar, California: $43 Million. Thats where the Gateses began buying land in 2013 through two limited liability corporations registered to an address in Kirkland by Derek Yurosek, then head of agriculture operations for Cascade. 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. Bill Gates Called Out By Farmer For Secretly Buying Up US Farmland: 'I The attraction that people have to investing in farmland is that it tends to be countercyclical to the stock market. 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. Stan Kroenke: Land area: 1.4 million acres. 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. 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. 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.