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The option expires Oct. 31, 2024. The January 11 issue of The Land Report is worth reading. 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. The United States is defined by the excesses of its ruling class. The private residential area is home to numerous A-list celebrity couples including Justin Timberlake and Jessica Biel. 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. That is a big chunk of land. LITTLE ROCK, Ark. And while Bill Gates frets about eating cheeseburgers in his book for the amount of greenhouse gases the meat industry produces largely for the consumption of rich countries his massive carbon footprint has little to do with his personal diet and is not forgivable by simply buying more land to sequester more carbon. 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. The 14,000 acres in Washington is used for potatoes and in Florida the land is used for carrots. Xanadu 2.0 in Medina, Washington: Estimated $140-170 Million, Source: Steve Ringman / The Seattle Times. In Nebraska where he owns 20,000 acres, it is used for soybeans. The agency further found that over 50 percent of cropland is rented to farmers who dont own their land. Bill and Melinda have purchased numerous properties in Wellington, Florida, over the years. This means that you can find good deals that may be just the thing you are looking for. But they're just renting it. The 13,573-square-foot home has six bedrooms, 11 bedrooms and more luxury features than you can count. In Nebraska where he owns 20,000 acres, it is used for soybeans. 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. 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. Weve answered hundreds of questions from people regarding the buying and use of land. Is this simply a diversification of Gates' massive tech investment portfolio? 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 land that Bill Gates owns is used to grow soybeans, corn, cotton, and rice over 70,000 acres in northern Louisiana. Several Properties in Wellington, Florida: $27.2 Million (Total). . 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. Our inventory spans five western states. Gates' purchase averaged $12,000 per acre. That crown belongs to Liberty Media chairman John Malone, who has 2.2 million acres, according to The Land Report. In 2014, he reportedly purchased more than 4,500 acres in Suwannee County, Florida, for nearly $28 million. We've received your submission. Our exposure to Invitation Homes is owning its stock in mutual funds we manage, not buying houses w/ them, BlackRock tweeted. In addition, he owns 25,750 acres of transitional land and 1,234 acres of recreational land for total land holdings of 268,984 acres. 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. Bill Gates does not own the majority of U.S. farmland. Leading Harvest requires farmland owners to work to continuously improve soil health, biodiversity, and water, air and crop quality on their farms as well as contribute positively to local communities, comply with regulations, and provide a safe and respectful working environment for employees, Zehren said. Well, youd think, if you're looking for somebody with enough capital to try that, he would go first. But, As of February 2021, Gates has made headlines across the wor. There . That was a virus I got from Ted Turner.. Farmer Bill. You just have to keep it relatively clean, mow it, and pay property taxes. Gates' achievement, according to the report, is that he's largest private owner of farmland in the US. Bill Gates' Land Ownership. 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. The 13,573-square-foot home has six bedrooms, 11 bedrooms and more luxury features than you can count. 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. Private Residence at the Yellowstone Club in Big Sky, Montana: Estimated $5-25 Million. It may even be easier to sell smaller lots than it would be to market the entire portion of land that you invest in. 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. 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. 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. Bill Gates acquired six parcels of land in Pembina County. 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. His 242,000 acres of farmland stretch across 18 states from Washington to Florida,. - 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. 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. Stan Kroenke: Land area: 1.4 million acres. Media billionaire Ted Turner has also invested in 2 million acres of land (much of it rangeland and prairie, rather than cropland) and earned the distinction of being the largest private owner of buffalo herds that roam the 200,000 acres of his private ranch, The Guardian reported. Bill and Melinda Gates, who recently announced they're getting divorced and are dividing their assets, are deeply invested in American agriculture. Gates . As the population grows in large cities, some people will inevitably want to move to the country. Bill Gates may be trading his pocket protector for cowboy boots. , an annual survey of the nations largest landowners. This means that there is not much to maintain on it unless you want to add your own buildings or other property. 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. This way, the land will remain productive and healthy, while also becoming a money-driving investment. 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. Farmers just aren't owning the assets anymore. Through his subsidiary Mt. Bill Gates has invested in various high-profile commercial properties through his personal investment company, Cascade. But farmer advocates say the Gateses large-scale farm purchases dont make room for smaller farmers to break into the market. Thanks for contacting us. ', In 2008, The Bill & Melinda Gates Foundation announced $306 million in grants designed to boost the yields and incomes of millions of small farmers in Africa as well as 'other parts of the developing world so they can lift themselves and their families out of hunger and poverty.'. Its a hedging strategy, said Daniel Bigelow, a professor of agricultural economics at Montana State University, who previously served as a USDA research economist. Members of the Stanley family now work for Generations. Bill and Melinda bought this massive mansion in the Coachella Valley for $12.5 million in 1999. 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. Gates is not the only billionaire on The Land Report 's list of top private farmland owners. 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. 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,. Housecall is the official blog of RISMedia, covering real estate news and information for agents, brokers and their clients. Bill Gates owns more land than all of the entire city of New Why Bill Gates Is Buying Up U.S. (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). 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. In north Louisiana, the Gateses investment firm owns about 70,000 acres of land through at least three other shell companies. He also purchased the 800-acre Bridlewood Farms in Florida. buying an increasing share of the U.S. housing market. Behind Gates in terms of investment in farmland are the cofounders of the Wonderful Company, Stewart and Lynda Resnick, with 190,000 acres. 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. Thats why lands still managed by Indigenous peoples worldwide protect and sustain 80% of the worlds biodiversity, practices anathema to industrial agriculture. The third richest man on the planet doesnt have a green thumb. But he didn't, Quarterman said. 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. The farmland was purchased through a constellation of companies that all link back to the couples investment group, Cascade Investments, based in Kirkland, Washington. There is a certain irony, of course, about Gates, 65, becoming the USA's biggest private owner of farmland, which American publication the Land Report recently declared him to be. APS ASSESSMENT: False. Dailymail.com Reporter, Meet John Malone of Liberty Global the Darth Vader of Wall Street and the man who wants a slice of Formula One, Bill Gates is accused of hypocrisy after joining bidding war to buy the world's largest private jet operator - one month before he releases his book preaching about climate change, Isabel Oakeshott receives 'menacing' message from Matt Hancock, Insane moment river of rocks falls onto Malibu Canyon in CA, Mom who lost both sons to fentanyl blasts laughing Biden, Pavement where disabled woman gestured at cyclist before fatal crash, Pro-Ukrainian drone lands on Russian spy planes exposing location, 'Buster is next!' 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. The Microsoft co-founder faced several claims that he owned a majority of Americas farmland earlier this year. 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. While land is a limited resource, there is still less competition for raw land than there is with residential and commercial real estate. Not only is it usable by you, but land can be used for so many different things. Farmland can be an investment in several ways. Its uncertain why Gates has invested in so much farmland or how his tracts are currently being used. 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 14,000 acres in Washington is used for potatoes and in Florida the land is used for carrots. 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 now owns almost 242,000 acres of the continguous USA. The foundation aims to support country-led inclusive agricultural transformation across sub-Saharan Africa and South Asia, according to its website. 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'. The firm is a shareholder in Dallas-based Invitation Homes, which owns nearly 80,000 single-family rentals nationwide. In total, Malone owns roughly 2.2million acres of land and has a net worth of around $9.22billion, earning him the nickname the Cable Cowboy.. And we think it will provide good inflation protection in the long run. 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 could give you a place to relax or to even build a small vacation home. Farmland offers a strategy that is completely separated from his other wealth and investments. Adjusted for inflation, average farm real estate values have generally risen since 1993, growing from less than $1,500 an acre in the mid-90s to over $3,000 an acre in 2020, according to the USDA. 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.'. 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. The billionaire Microsoft co-founder has become the largest owner of farmland in the. The report on US Land Ownership ("Land Ownership Report" / 1-21-22) indicates that Bill Gates, the founder of Microsoft and holder of 45% of its shares, is the main owner of North American land, owner of an area of more than 250,000 acres (101,171.4 hectares) deployed throughout the immense US territory, the fourth in the world in order of . 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. What Is The Banking Process To Buy Raw Land, Price Of Agricultural Land In The Philippines. Kroenke is married to Ann Walkton Kroenke, an heiress to the Wal-Mart fortune. Public records suggest Cascade Investments has bought its farmland through a web of at least 22 limited liability shell companies across the country. So why did the Land Report dub him Farmer Bill this year? 4 This map shows that area as a rectangle that can be dragged. Do whatever you want to with the land as the value increases. The opportunities are virtually endless. In addition, the land is audited to meet sustainability standards including soil health and water management. 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. Gates shares 95% of the ownership with Saudi Prince Alwaleed bin Talal. | Photo by Wikimedia Commons . The six-bed Del Mar home, which boasts a ten-person jacuzzi and swimming pool overlooking the ocean, was bought by the couple in late Marchas the international coronavirus pandemic began to take hold. Social media users are falsely claiming that Gates owns the majority of U.S. farmland. Gates achievement, according to the report, is that hes largest private owner of farmland in the US. Malone's 2.2 million acres are largely located in Maine, New Mexico, Colorado, and Wyoming and include profitable cattle ranches. 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. We would love to talk to you! 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 land that Gates owns is located in several states and consists primarily of commercial farmland. More surprising, however, was the fact that Bill and Melinda Gates own more private farmland . Bill and Melinda Gates, who recently announced theyre getting divorced and are dividing their assets, are deeply invested in American agriculture. You can also fill out the contact form below if you are interested in buying or selling land. The Land Report revealed that Gates, who has a net worth of nearly $121 billion according to Forbes, has built up a massive farmland . 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. Which is where the Bill Gates' Land Ownership interactive map comes in. Renewable energy company Savion has an option to buy the property for what . , updated 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). Bill Gates is now the largest private landowner in the country. If youre looking at what this means for farmers on the ground looking to access land, theres significant competition from nonfarmers, and that really affects young farmers because it means that the price that theyre trying to compete with on the marketplace is driven and determined by people who are not dependent on a farming income, Rippon-Butler said. if(typeof ez_ad_units!='undefined'){ez_ad_units.push([[250,250],'askbamland_com-large-mobile-banner-1','ezslot_7',108,'0','0'])};__ez_fad_position('div-gpt-ad-askbamland_com-large-mobile-banner-1-0'); While the land that Bill Gates owns is already developed for farming and likely costs a ton of money, land can also be quite affordable. False. Except, it seems, when it comes to a private individual selling some land to iconic billionaire Bill Gates. Here is the . The worlds richest 1% emit double the carbon of the poorest 50%, an 2020 Oxfam study found. Weve been trained by experience, land acquisition courses, and hundreds of hours meeting with county assessors and clerks, zoning officials, realtors, and land investors. He's one of the richest men in the world and the largest individual owner of farmland in the country. You may also be interested in why a billionaire wants land. Bill Gates top private farmland owner in US. It is unclear how cheap biofuels can be but if they are cheap it can solve the aviation and truck emissions.. 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. While Gates is Americas biggest farmland owner, hes far from being the nations largest landowner in general. Now in its 15th edition, this landmark study tracks the diverse array of farmers, ranchers, forest owners, entrepreneurs, and investors who own at a minimum 243.75 square miles. TRENDING: OUCH! Wealth accumulation always goes hand-in-hand with exploitation and dispossession. 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. The Emmerson family owns and operates Sierra Pacific Industries, a company that logs usable lumber after forest fires and sells it to lumber retailers. As of 2020, industry reports show he owned about 0.027% of U.S. farmland. When fully developed the area could be home to 200,000 residents and be similar in size to the Phoenix suburb of Tempe, The Land Report said. 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. But that could soon change. In emails, BlackRock spokesman Christopher Beattie told The Associated Press that the firm. The Gates family currently [] 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. Some of that land, including nearly 300 acres, was sold in 2019 to the California-based Grimmway Farms, the worlds largest carrot producer. In 2014, he co-founded The Red Nation, an Indigenous resistance organization. There, on Gates parcels, an industrial farm grows potatoes for McDonalds french fries. The biggest shift in recent years from small to big farms was in the US. 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. Weve never been one of the big institutional buyers of single family homes, BlackRock, single-family rentals nationwide. Our era is dominated by the ultra-rich, the climate crisis and a burgeoning green capitalism. The value depends on a lot of factors including location, type of land, acreage, supply, demand, and more. But theyre far better known for their work in tech and in trying to save the climate. According to the Tri-City Herald, 14,500 acres of Eastern Washington farmland was recently sold to the couple for almost $171 millionthats nearly $12,000 an acre.