BlackRock is sometimes confused w/ Blackstone, which owned Invitation Homes. These land holdings are separate from their previous investments in companies that support large-scale farming like Monsanto and the tractor manufacturer John Deere. 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. 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. Where Does Bill Gates Own Farmland in the US. 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. Kroenke is married to Ann Walkton Kroenke, an heiress to the Wal-Mart fortune. 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. 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. In six years that number has more than doubled. As of 2020, industry reports show he owned about 0.027% of U.S. farmland. 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. He is an assistant professor in the American studies department at the University of New Mexico. This number stems from last year's edition of . Which is where the Bill Gates' Land Ownership interactive map comes in. Bill Gates does not own the majority of U.S. farmland. Gates achievement, according to the report, is that hes largest private owner of farmland in the US. 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. Social media users are falsely claiming that Gates owns the majority of U.S. farmland. 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. Bill Gates now owns almost 242,000 acres of the continguous USA. His 242,000 acres of farmland stretch across 18 states from Washington to Florida,. One of those farms, Stanley Farms, specialized in Vidalia onions, and another, Coggins Farms, focused on growing carrots. The acquisition, however . Thats why lands still managed by Indigenous peoples worldwide protect and sustain 80% of the worlds biodiversity, practices anathema to industrial agriculture. In 2014, he reportedly purchased more than 4,500 acres in Suwannee County, Florida, for nearly $28 million. MINOT, N.D. North Dakotans like to pride themselves on being pro-property rights. Bill Gates is the largest private owner of American farmland, which is why so many people are wondering what he will use it for. Investors generally are nevertheless buying an increasing share of the U.S. housing market. Dailymail.com Reporter Recently, an article in Land Report stated that Bill Gates owns more American farmland than anyone else. The family's 1.7 million acres of land are primarily spread across Washington, Oregon, and California. from February that showed there were more than 895 million total acres of farmland in the country last year. The 14,000 acres in Washington is used for potatoes and in Florida the land is used for carrots. The biggest shift in recent years from small to big farms was in the US. He owns 2m acres and has the worlds largest privately owned buffalo herd. Gates and his investment team own more than 240,000 acres, as reported by O'Keefe, including 2,167 acres in Michigan. It is possible to make high double digit returns on land that you bought for an affordable price only a few years prior. Many people wonder why Bill Gates would make these moves with his investment portfolio. 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. There farmers primarily grow soybeans, rice, corn and cotton. Right? They accounted for almost 1% of the agricultural land in the United States. 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. The gun and the whip may not accompany land acquisitions this time around. Is this simply a diversification of Gates' massive tech investment portfolio? The acquisitions are held directly, as well as through Gates' personal investment entity, Cascade Investments. Bill Gates uses farmland as investment vehicle, owning 269,000 acres of land. In 2014, he co-founded The Red Nation, an Indigenous resistance organization. There are also growing trends revolving around the purchase of low acreage farmland and noncommercial farming. Bill Gates: America's Top Farmland Owner | The Land Report. In Nebraska where he owns 20,000 acres, it is used for soybeans. 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. In total, Gates owns approximately 242,000 acres of farmland with assets totaling more than $690m. 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. He never did anything that different from before he got here and what other farmers were doing nearby.". 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. The private residential area is home to numerous A-list celebrity couples including Justin Timberlake and Jessica Biel. He also reportedly owns 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. So what is this guy planning? Renewable energy company Savion has an option to buy the property for what . 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. The 13,573-square-foot home has six bedrooms, 11 bedrooms and more luxury features than you can count. In fact, he owns some of the land that produces potatoes used to make McDondalds french fries. John Malone is the largest private landowner in the United States. 4. Why aren't they giving more? Farmland can be an investment in several ways. 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 . In fact it is so big that it is a little hard to conceptualize. 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). Gates is not the only billionaire on The Land Report 's list of top private farmland owners. Financial titans like Prudential and Hancock have divisions specifically for investors looking to make money on farmland portfolios. FILE - Bill Gates attends a discussion during the 'Munich Security Conference' in Munich, Germany, Friday, Feb. 18, 2022. It is unclear how cheap biofuels can be but if they are cheap it can solve the aviation and truck emissions.. While private companies and corporations are increasing . The worlds richest 1% emit double the carbon of the poorest 50%, an 2020 Oxfam study found. They bought and later sold an additional 6,000 acres in Georgia, NBC News 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. Additionally, through his personal investment firm, Cascade, Bill Gates owns approximately half of the Four Season Holdings' hotel chain. The agriculture sector is important, he wrote. 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. 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 . . 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. If you are unsure where to start, you can also check country tax sales. Farmland can be an investment in several ways. (Stephen Osman / Los Angeles Times via AP file), The buildings of the 100 Circles Farm are at the center of this satellite image. A few years ago, Bill Gates has announced plans to build a smart city outside of Buckeye in Arizona. Gates and his wife own 269,000 acres of farmland. The foundation aims to support country-led inclusive agricultural transformation across sub-Saharan Africa and South Asia, according to its website. The company also took to Twitter to reject the false narrative. the latest American Housing Survey by the Census Bureau. So why did the Land Report, Our History Is the Future: Standing Rock Versus the Dakota Access Pipeline, and the Long Tradition of Indigenous Resistance. One per cent of the worlds farms control 70% of the worlds farmlands, one report found. Land is power, land is wealth, and, more importantly, land is about race and class. Do whatever you want to with the land as the value increases. 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 land is a limited resource, there is still less competition for raw land than there is with residential and commercial real estate. The largest. Though the Gateses are major owners of American farmland, the couples holdings only represent a fraction of the 283 million acres of farmland that is owned and rented out by nonfarmers. Bill Gates currently owns over 268,000 acres of American farmland spread out over 19 states. , an annual survey of the nations largest landowners. Can You Build A Wedding Venue On Residential Land? 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 . In addition, the land is audited to meet sustainability standards including soil health and water management. 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. He also owns three hotels in Dublin, Ireland, and a fourth in Limerick. Buffalo Bill Cody's Ranch in Cody, Wyoming: Undisclosed Sale Price (Listed for $8.9 Million). . 23:06 GMT 15 Jan 2021 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. His largest holding is in Louisiana (69,071 acres), followed by Arkansas (47,927 acres) and Arizona (25,750 acres). 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. Can you imagine having that much property? Properties up for grabs include a $123million mansion with a trampoline room and a $43million oceanfront mansion with a ten-person jacuzzi. The January 11 issue of The Land Report is worth reading. The conservation of lands is important, he said. You can read more about us, here. 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. Raw land is not developed. The extensive tax avoidance by these titans of industry will always far exceed their supposed charitable donations to the public. For five generations, the Reed Family has owned and operated the logging company Green Diamond Resource Co. The land that Bill Gates owns is used to grow soybeans, corn, cotton, and rice over 70,000 acres in northern Louisiana. Bill Gates was quietly becoming the biggest private owner of farmland in the United States. So while the tech mogul certainly owns a large constellation of farms, its nowhere close to the majority nationwide. When Bill Gates, or whatever other investment arm owns the land, a farmer still needs to farm it. 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. 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 agency further found that over 50 percent of cropland is rented to farmers who dont own their land. The third richest man on the planet doesnt have a green thumb. 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.

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