Gates . 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'. Thanks for contacting us. With the Washington state acreage and other additions to his portfolio, The Land Report estimates that Gates now owns at least 242,000 acres of American farmland. 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. So while the tech mogul certainly owns a large constellation of farms, its nowhere close to the majority nationwide. 4 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. In every state where the Gateses own land, a tangled web of locally registered limited liability companies follow. 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. 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. Our exposure to Invitation Homes is owning its stock in mutual funds we manage, not buying houses w/ them, BlackRock tweeted. The land we all live on should not be the sole property of a few. The agency further found that over 50 percent of cropland is rented to farmers who dont own their land. The opportunities are virtually endless. Gates and his investment team own more than 240,000 acres, as reported by O'Keefe, including 2,167 acres in Michigan. So what is this guy planning? Gates is now America's largest private farmland owner, with hundreds of thousands of acres spanning across 19 U.S. states, according to the Land Report. Farmer Bill. Bill Gates does not own the majority of U.S. farmland. As the population grows in large cities, some people will inevitably want to move to the country. Today, Bill Gates owns 242,000 acres of farmland in 19 states. Wealth accumulation always goes hand-in-hand with exploitation and dispossession. 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 13,573-square-foot home has six bedrooms, 11 bedrooms and more luxury features than you can count. For Indigenous caretakers, land use isnt premised on a return of investments; its about maintaining the land for the next generation, meeting the needs of the present, and a respect for the diversity of life. Well, youd think, if you're looking for somebody with enough capital to try that, he would go first. Stan Kroenke: Land area: 1.4 million acres. So while the tech mogul certainly owns a large constellation of farms, its nowhere close to the majority nationwide. 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 investment company, Cascade Investments, has invested in hundreds of thousands of acres of farmland in the last 10 years. The acquisition, however . Michelle, has two of its largest vineyards in that AVA: Canoe Ridge Vineyard and Columbia Crest Vineyard. If you own a good amount of land, then you have the possibility of subdividing it into multiple lots that can generate separate income streams. In emails, BlackRock spokesman Christopher Beattie told The Associated Press that the firm. 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 . Here is an overview of all of the property the couple owned together at the time of their divorce: Bill and Melinda dont publicly discuss this topic often, but they are the top owners of farmland in the U.S. With some 242,000 acres, the estimated value of their farmland is in the billions. 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. When Bill Gates, or whatever other investment arm owns the land, a farmer still needs to farm it. 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. BlackRock also suggested it was being confused for the similarly-named investment management firm Blackstone, which until recently owned Invitation Homes. With more productive seeds we can avoid deforestation and help Africa deal with the climate difficulty they already face. The private residential area is home to numerous A-list celebrity couples including Justin Timberlake and Jessica Biel. He added: 'In addition, the states oldest winery, Chateau Ste. 2023 NYP Holdings, Inc. All Rights Reserved, BillGatesbuys nearly $1B Heineken stake despite not being a big beer drinker, Bill Gates daughter living in $51M NYC home as she welcomes first baby, Elites want to use AI to censor political opponents, Bill Gates claims his private jet habit not part of the climate problem. Renewable energy company Savion has an option to buy the property for what is being called Oak Run Solar Project, according to Madison County property records. 07:04 GMT 16 Jan 2021. Reed family: Land area: 1.7 million acres. The United States is defined by the excesses of its ruling class. Now Bill Gates appears to have acquired a slice of their tiny city, and locals near. 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. The biggest shift in recent years from small to big farms was in the US. That land is now largely rented out to various farmers. Brittany has been in the land business since 2020 when the world was starting to shut down. The billionaire media mogul Ted Turner epitomizes such disparities. 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. But, As of February 2021, Gates has made headlines across the wor. Gates diversified his investment portfolio through land ownership, but why? Cascade declined to comment on its specific land holdings. (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). 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. But billionaire class assertions that they are philosopher kings and climate-conscious investors who know better than the original caretakers are little more than ruses for what amounts to a 21st century land grab with big payouts in a for-profit economy seeking green solutions. 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. As more and more land gets developed, if you own land that is in the path of the plan, you could have buyers offering you big money to take hold of the property. 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. That kind of hard work isnt what made him rich. 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. For five generations, the Reed Family has owned and operated the logging company Green Diamond Resource Co. 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. Adding to the confusion, Blackstone was once a major investor in BlackRock, but sold off its stake in the 1990s. 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. A MAP has revealed which billionaire owns the largest amount of land in the US - youll be shocked to know that it isnt Bill Gates. The firm is a shareholder in Dallas-based Invitation Homes, which owns nearly 80,000 single-family rentals nationwide. Along the Columbia River border between Washington and Oregon, the Gateses purchased 100 Circles Farm, a 14,500-acre plot of land, for $171 million in 2018, according to property and business records. 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. The attraction that people have to investing in farmland is that it tends to be countercyclical to the stock market. Bill Gates is the largest private owner of American farmland, which is why so many people are wondering what he will use it for. In addition, the land is audited to meet sustainability standards including soil health and water management. This is where a country sells land when the owner becomes delinquent on their property taxes. 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. One of those farms, Stanley Farms, specialized in Vidalia onions, and another, Coggins Farms, focused on growing carrots. Quarterman guessed that may be because Bill Gates isnt the one doing the farming. The foundation aims to support country-led inclusive agricultural transformation across sub-Saharan Africa and South Asia, according to its website. Bill Gates is in the money flow business, and farmland, as well as other land, can generate a lot of money. Seems like there could be a lot to benefit more of their charities by selling some of this off. Theres a more cynical calculation. A white man owns more farmland than my entire Native nation! 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. of the richest people in the country, owns less than one percent of the nations total farmland. But why do a handful of people own so much land? 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. The January 11 issue of The Land Report is worth reading. Adding to the confusion, Blackstone was once a major investor in BlackRock, but sold off its stake in the 1990s. Gates is not the only billionaire on The Land Report 's list of top private farmland owners. In 2010 the Gates Foundation Trust invested about $23 million in Monsanto, the genetically modified seed and chemical company, though it sold its shares the next year following outcry from environmental groups. Many people wonder why Bill Gates would make these moves with his investment portfolio. 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. 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. What expertise in climate science or agriculture Gates possesses beyond being filthy rich is anyones guess. U.S. Census Bureau data shows fewer than 20% of such properties are rentals, and the vast majority of those are owned by individual investors, not institutional investors like BlackRock. After all, few can out-bid Bill Gates. His 242,000 acres of farmland stretch across 18 states from Washington to Florida,. Cascade did not immediately respond to a phone message Friday, and the company declined to comment to The Land Report other than to say that Cascade is very supportive of sustainable farming, the outlet said. The farmland was purchased through a constellation of companies that all link back to the couples investment group, Cascade Investments, based in Kirkland, Washington. Investment firms are making the argument farmlands will meet carbon-neutral targets for sustainable investment portfolios while anticipating an increase of agricultural productivity and revenue. The map shows a 242,000 acre square situated over New York. But farmer advocates say the Gateses large-scale farm purchases dont make room for smaller farmers to break into the market. . 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'. This could allow you to sell or lease the individual lots of land on the property. 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. Lots of articles on this are full of "4D chess" speculations about climate change blah blah, but the real reason for this seems to be very simple: "just to collect rent." This map shows that area as a rectangle that can be dragged. Can you imagine having that much property? 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. The title for largest landholdings overall goes to US businessman John Malone, chairman of Liberty Media, who owns 2.2million acres. 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. , said his investment group was behind the purchases, and suggested it was linked to seed and biofuel development. Our era is dominated by the ultra-rich, the climate crisis and a burgeoning green capitalism. The comments below have not been moderated, By The LandReport, a magazine that provides news and insight on America's landowners, recently estimated that Microsoft founder Bill Gates is the largest farmland owner in the U.S., owning about 242,000 acres. It will not tell you that Bill Gates is your neighbor. Gates and his wife own 269,000 acres of farmland. Weve been trained by experience, land acquisition courses, and hundreds of hours meeting with county assessors and clerks, zoning officials, realtors, and land investors. Why should striking rail and postal workers get a big pay rise while our pay packets remain stagnant or worse? Weve never been one of the big institutional buyers of single family homes, BlackRock, single-family rentals nationwide. You may have heard that Bill Gates owns a lot of land, but you may not know how much. More surprising, however, was the fact that Bill and Melinda Gates own more private farmland . A 2018 purchase of 14,500 acres of prime eastern Washington farmland which is traditional Yakama territory for $171m helped him get that title. askBAMLand.com is a participant in the Amazon Services LLC Associates Program, an affiliate advertising program designed to provide a means for sites to earn advertising fees by advertising and linking to Amazon. The Microsoft co-founder is considered the largest private owner of farmland in the country with some 269,000 acres across dozens of states, according to last years edition of the Land Report 100, an annual survey of the nations largest landowners. Gates shares ownership with Saudi Prince Alwaleed bin Talalthe two purchased the chain in 2007 for $3.8 billion. In January 2021, Bill Gates became the largest owner of farmland in the United States. 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. 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. 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. The option expires Oct. 31, 2024. The principal danger of private farmland owners like Bill Gates is not their professed support of sustainable agriculture often found in philanthropic work its the monopolistic role they play in determining our food systems and land use patterns.

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