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.'. The billionaire couple, in less than a. 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.. 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. More surprising, however, was the fact that Bill and Melinda Gates own more private farmland . As the population grows in large cities, some people will inevitably want to move to the country. He owns 242,000 acres, which is equivalent to the area of Fannin County GA. BlackRock is sometimes confused w/ Blackstone, which owned Invitation Homes. In fact, this also means that you may not even have to apply for a loan to start the investment! That land is now largely rented out to various farmers. So while the tech mogul certainly owns a large constellation of farms, its nowhere close to the majority nationwide. 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. Its uncertain why Gates has invested in so much farmland or how his tracts are currently being used. 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. 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. Through Sierra Pacific, the family owns some 2 million acres in California and Washington. 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 . Almost 300,000 acres is a lot of land for one family or private individual to own, but it's still just a. It was the highest priced land sale in the US that year. "The agriculture sector is important. ', 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.'. 2,167 acres. 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 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). So why did the Land Report dub him Farmer Bill this year? In an interview with CNBC, Malone said that his biggest motivation for purchasing land was preservation and he said he hopes to buy more. He owns 2m acres and has the worlds largest privately owned buffalo herd. That crown belongs to Liberty Media chairman John Malone, who has 2.2 million acres, according to The Land Report. The value depends on a lot of factors including location, type of land, acreage, supply, demand, and more. Bill Gates top private farmland owner in US. Properties up for grabs include a $123million mansion with a trampoline room and a $43million oceanfront mansion with a ten-person jacuzzi. (AP Photo/Michael Probst, File ), Connect with the definitive source for global and local news. Today, Bill Gates owns 242,000 acres of farmland in 19 states. That was a virus I got from Ted Turner.. We are no longer accepting comments on this article. Bill Gates' purchase of a large patch of land in North Dakota has sparked fury and conspiracy theories on social media after the Microsoft billionaire secured legal approval to purchase the. 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. Raw land is not developed. Gates and his investment team own more than 240,000 acres, as reported by O'Keefe, including 2,167 acres in Michigan. 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. 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. Bill Gates may no longer be the world's richest man, but he can claim a new title: America's farmland king. This could give you a place to relax or to even build a small vacation home. 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. 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. 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'. Bill and Melinda bought this massive mansion in the Coachella Valley for $12.5 million in 1999. While private companies and corporations are increasing . Single-family homes are priced between $5-25 million. With more productive seeds we can avoid deforestation and help Africa deal with the climate difficulty they already face. 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. Farmers just aren't owning the assets anymore. Weve been trained by experience, land acquisition courses, and hundreds of hours meeting with county assessors and clerks, zoning officials, realtors, and land investors. The Microsoft co-founder and his former wife, Melinda, are the top farmland owners in. Bill Gates is best known for revolutionizing personal computing, but lately he's gotten back to the land. In this country, enslaved Black labor first built US wealth atop stolen Native land. Land will likely never be a bad investment, as long as the land is healthy and properly located. BlackRock also does not own the majority of the countrys 80 million single-family homes. 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. So if now the best farmers can do if you want to stay in farming is rent this land, you're not going to get the benefits that come with land ownership.. 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. A survey of the Gateses farmland holdings shows that a broad range of the vegetables that Americans eat can be traced back to his land and that some of this land has also been owned by other billionaires. 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. Marjorie Taylor Greene SHAMES Former . Cascade declined to comment on its specific land holdings. In January 2021, Bill Gates became the largest owner of farmland in the United States. There, on Gates parcels, an industrial farm grows potatoes for McDonalds french fries. Gates . Brittany has been in the land business since 2020 when the world was starting to shut down. Not only that, but it fits in with Gates values as a philanthropist because he can keep the farmland healthy for future generations. They bought and later sold an additional 6,000 acres in Georgia, NBC News found. Bill Gates has never been a farmer. He also owns three hotels in Dublin, Ireland, and a fourth in Limerick. The company also took to Twitter to reject the false narrative. Bill Gates acquired six parcels of land in Pembina County. According to The Land Report, the Microsoft co-founder owns farmland across 18 states, with the largest holdings being in Louisiana (69,071 acres), Arkansas (47,927 acres) and Nebraska (20,588. BlackRock also suggested it was being confused for the similarly-named investment management firm Blackstone, which until recently owned Invitation Homes. If you are unsure where to start, you can also check country tax sales. However, his largest land holdings are in Louisiana (69,071 acres), Arkansas (47,927 acres), Nebraska (20,588 acres . After all, few can out-bid Bill Gates. Where Does Bill Gates Own Farmland in the US. There are also growing trends revolving around the purchase of low acreage farmland and noncommercial farming. The title for largest landholdings overall goes to US businessman John Malone, chairman of Liberty Media, who owns 2.2million acres. A few years ago, Bill Gates has announced plans to build a smart city outside of Buckeye in Arizona. Not only is it usable by you, but land can be used for so many different things. Bill Gates was quietly becoming the biggest private owner of farmland in the United States. Bill Gates now owns almost 242,000 acres of the continguous USA. Last year, Bill and Melinda purchased a sprawling beachfront 6-bedroom, 4-bath home in Del Mar, Californiaoutside of San Diegofor $43 million. 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. 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. There is only a certain amount of land available on earth. That kind of hard work isnt what made him rich. 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. Listen to article. He is the author of the book Our History Is the Future: Standing Rock Versus the Dakota Access Pipeline, and the Long Tradition of Indigenous Resistance (Verso, 2019), In a pandemic, billionaires are richer than ever. You just have to keep it relatively clean, mow it, and pay property taxes. 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. Renewable energy company Savion has an option to buy the property for what . 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. The largest. 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. Investors bought a record 18.4% of the homes purchased in the fourth quarter of 2021 three-quarters of which were single-family homes. 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. This means that you can find good deals that may be just the thing you are looking for. Farmland CNBC 2.94M subscribers Subscribe 47K 4.5M views 1 year ago #CNBC Bill Gates made. The Gates family currently [] 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. 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' purchase averaged $12,000 per acre. 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. 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. The 1862 Homestead Act opened up 270m acres of Indigenous territory which amounts to 10% of US land for white settlement. Hes the landlord, or rather, the companies owned by his investment firm are the landlords. You can read more about us, here. Bill Gates uses farmland as investment vehicle, owning 269,000 acres of land. Agriculture is also a key focus area for the Bill & Melinda Gates Foundation, the massive charity run by Gates and his wife. His firms largest farmland acquisition happened in 2017, when it acquired 61 farming properties from a Canadian investment firm to the tune of $500m. These states include: Arizona - 25,750 acres; Arkansas - 47,927 acres 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 Citizen Kane. The billionaire media mogul Ted Turner epitomizes such disparities. It may even be easier to sell smaller lots than it would be to market the entire portion of land that you invest in. Bill Gates owns more private farmland in the US than anyone else, an analysis by The Land Report found.His 242,000 acres of farmland stretch across 18 states Bill Gates owns farmland in 18 states . An NBC News analysis also identified Gates as the largest farmland owner in the US. The January 11 issue of The Land Report is worth reading. In north Louisiana, the Gateses investment firm owns about 70,000 acres of land through at least three other shell companies. Bill Gates' Land Ownership. Why aren't they giving more? The agriculture sector is important, he wrote. The land that Bill Gates owns is used to grow soybeans, corn, cotton, and rice over 70,000 acres in northern Louisiana. 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. 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. You can also fill out the contact form below if you are interested in buying or selling land. Our exposure to Invitation Homes is owning its stock in mutual funds we manage, not buying houses w/ them,. Farmland in those parts is valuable, commanding prices between $10,000 and $15,000 per acre, far beyond the state average of about $2,000. 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. The Microsoft co-founder faced several claims that he owned a majority of Americas farmland earlier this year. 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. The worlds richest 1% emit double the carbon of the poorest 50%, an 2020 Oxfam study found.
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