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The tech mogul, who is the. 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. His largest holding is in Louisiana (69,071 acres), followed by Arkansas (47,927 acres) and Arizona (25,750 acres). So why did the Land Report dub him Farmer Bill this year? Dailymail.com Reporter
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. 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. 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. In other words, when the economy is struggling, the value of farmland generally doesnt depreciate. The Emmerson family owns and operates Sierra Pacific Industries, a company that logs usable lumber after forest fires and sells it to lumber retailers. CNN founder Ted Turner owns 2 million acres of land largely in New Mexico, South Dakota, Nebraska, and Georgia. Cascade declined to comment on its specific land holdings. So while the tech mogul certainly owns a large constellation of farms, its nowhere close to the majority nationwide. They bought and later sold an additional 6,000 acres in Georgia, NBC News found. The 13,573-square-foot home has six bedrooms, 11 bedrooms and more luxury features than you can count. So while the tech mogul certainly owns a large constellation of farms, its nowhere close to the majority nationwide. With more productive seeds we can avoid deforestation and help Africa deal with the climate difficulty they already face. Bill and Melinda have purchased numerous properties in Wellington, Florida, over the years. You can read more about us, here. Private Residence at the Yellowstone Club in Big Sky, Montana: Estimated $5-25 Million. Thats why lands still managed by Indigenous peoples worldwide protect and sustain 80% of the worlds biodiversity, practices anathema to industrial agriculture. He is also the chairman and largest stakeholder of Liberty Media, possessing 28% of Discovery Communications, which was acquired by Scripps Network for $14.6billion. (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). Nick Estes is a citizen of the Lower Brule Sioux Tribe. Xanadu 2.0 in Medina, Washington: Estimated $140-170 Million, Source: Steve Ringman / The Seattle Times. He now owns more farmland than my entire Native American nation. Bill Gates is best known for revolutionizing personal computing, but lately he's gotten back to the land. We think we now know. 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 worlds richest 1% emit double the carbon of the poorest 50%, an 2020 Oxfam study found. from February that showed there were more than 895 million total acres of farmland in the country last year. Someone else is building that equity on their back, said Johnathan Hladik, the policy director at the Center for Rural Affairs, who is also a farmer in Nebraska. Why aren't they giving more? Through Sierra Pacific, the family owns some 2 million acres in California and Washington. Bill Gates may no longer be the world's richest man, but he can claim a new title: America's farmland king. According to 2021 article from the Land Report, a magazine about land ownership, Gates owns approximately 242,000 . 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. 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. His land ownership spans across 19 states. In fact, he reportedly owns more farmland than any other individual in America. 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. This will always be true, no matter where the land is. The land that Bill Gates owns is used to grow soybeans, corn, cotton, and rice over 70,000 acres in northern Louisiana. 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. 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. buying an increasing share of the U.S. housing market. There . We are no longer accepting comments on this article. 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. The tech mogul, who is the fourth richest person in the world with a net worth of $121billion, according to Forbes, has quietly built up a massive agriculture portfolio. 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. 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. Gates shares ownership with Saudi Prince Alwaleed bin Talalthe two purchased the chain in 2007 for $3.8 billion. - 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. But those working on projects with both investors and farmers to create ecologically sustainable farming methods and support diverse and disadvantaged farming communities say rethinking agriculture and working to avert a climate crisis go hand in hand. Members of the Stanley family now work for Generations. Bill Gates' Land Ownership. Reed family: Land area: 1.7 million acres. 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. Microsoft co-founder Bill Gates finally revealed the reasons behind his massive purchase of farmland: seed science and biofuel development. by Harvard Universitys Joint Center for Housing Studies. Additionally, through his personal investment firm, Cascade, Bill Gates owns approximately half of the Four Season Holdings' hotel chain. The United States is defined by the excesses of its ruling class. In fact, Gates is the owner of over 270,000 acres of farmland, which is worth over $700 million! 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. Single-family homes are priced between $5-25 million. It also offers proven return rates. The couple also snapped up an oceanfront home in San Diego County, California, last year, for a record making $43 million. Land can produce food, fuel, and manufacturing materials as well as provide environmental services, residential spaces, and more. The option expires Oct. 31, 2024. 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. 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. Weve never been one of the big institutional buyers of single family homes, BlackRock said in response to one tweet. 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. Much of Turner's land is used as grazing land for over 50,000 head of buffalo . . 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. A white man owns more farmland than my entire Native nation! So what is this guy planning? Like other investment opportunities, you can find land for sale online. BlackRock is sometimes confused w/ Blackstone, which owned Invitation Homes. In 2014, Cascade Investments combined both of those companies and the land into Generations Farms, which continued to grow vegetables. 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 . This means that there is not much to maintain on it unless you want to add your own buildings or other property. Malone made his fortune as a media tycoon, building the company Tele-Communications, Inc, or TCI, and acting as its CEO before selling it to AT&T for $50 billion in 1999. 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. You just have to keep it relatively clean, mow it, and pay property taxes. Bill Gates may no longer be the worlds richest man, but he can claim a new title: Americas farmland king. We know that one of the best ways to sequester carbon is through the soil. 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. In fact, he owns some of the land that produces potatoes used to make McDondalds french fries. That is a big chunk of land. Starting in 2012, Gates investment firm began buying family farms in South Georgia. Where Does Bill Gates Own Farmland in the US. 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. Housecall is the official blog of RISMedia, covering real estate news and information for agents, brokers and their clients. He also purchased the 800-acre Bridlewood Farms in Florida. 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. 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. AP'S ASSESSMENT: False. This means that you can find good deals that may be just the thing you are looking for. Several Properties in Wellington, Florida: $27.2 Million (Total). Not only is it usable by you, but land can be used for so many different things. Agriculture is also a key focus area for the Bill & Melinda Gates Foundation, the massive charity run by Gates and his wife. Although the price that the Gates paid for this property was never made public, theres a $300,000 initiation fee, and more than $37,000 in annual feesand you still have to purchase a home within the community. These states include: Arizona - 25,750 acres; Arkansas - 47,927 acres 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). It will not tell you that Bill Gates is your neighbor. Learn more about fact-checking at AP. 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. Farmland can be an investment in several ways. In an interview with CNBC, Malone said that his biggest motivation for purchasing land was preservation and he said he hopes to buy more. Wealth accumulation always goes hand-in-hand with exploitation and dispossession. But Gates, known for his philanthropic work solving some of the worlds most pressing public health and climate problems, has suggested that he does not treat his American farmland investments as part of his broader plans to save the planet. Why should striking rail and postal workers get a big pay rise while our pay packets remain stagnant or worse? | Photo by Wikimedia Commons . 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. Social media users are falsely claiming that Gates owns the majority of U.S. farmland. In Nebraska where he owns 20,000 acres, it is used for soybeans. Bill Gates currently owns over 268,000 acres of American farmland spread out over 19 states. That means Gates, whose net worth is estimated at some $134 billion. 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. 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. Now Bill Gates appears to have acquired a slice of their tiny city, and locals near. 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, Undisclosed Sale Price (Listed for $8.9 Million). Gates' purchase averaged $12,000 per acre. The foundation aims to support country-led inclusive agricultural transformation across sub-Saharan Africa and South Asia, according to its website. In fact, this also means that you may not even have to apply for a loan to start the investment! The company also took to Twitter to reject the false narrative. His firms largest farmland acquisition happened in 2017, when it acquired 61 farming properties from a Canadian investment firm to the tune of $500m. 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. The farmland was purchased through a constellation of companies that all link back to the couples investment group, Cascade Investments, based in Kirkland, Washington. Mason notes that trying to draw hard lines between ones philanthropic work and ones investments does not work. While Gates owns nearly 270,000 acres of farmland across the US, he isnt the largest landowner in the country. 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. Almost 300,000 acres is a lot of land for one family or private individual to own, but it's still just a. But, As of February 2021, Gates has made headlines across the wor. That title goes to John Malone, the former CEO of Tele-Communications Inc, which was purchased by AT&T Inc in 1999 for more than $50billion. Bill Gates had managed to purchase nearly 269,000 acres of land in more than 12 states in the US. 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 land we all live on should not be the sole property of a few. 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. Bill Gates investment company, Cascade Investments, has invested in hundreds of thousands of acres of farmland in the last 10 years. This is where a country sells land when the owner becomes delinquent on their property taxes. Bill Gates top private farmland owner in US. 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. Behind Gates in terms of investment in farmland are the cofounders of the Wonderful Company, Stewart and Lynda Resnick, with 190,000 acres. Bill Gates now owns the most farmland of anyone in the United States, according to a recent report from The Land Report . But theyre far better known for their work in tech and in trying to save the climate. While Gates is Americas biggest farmland owner, hes far from being the nations largest landowner in general. Well, youd think, if you're looking for somebody with enough capital to try that, he would go first. 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. Our era is dominated by the ultra-rich, the climate crisis and a burgeoning green capitalism. 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.