Farmer Bill. 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). You may also be interested in why a billionaire wants land. So why did the Land Report dub him Farmer Bill this year? That's one of the many takeaways from the 2021 Land Report 100, which is compiled each year by Land Report magazine. 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. He never did anything that different from before he got here and what other farmers were doing nearby.". if(typeof ez_ad_units!='undefined'){ez_ad_units.push([[300,250],'askbamland_com-large-leaderboard-2','ezslot_5',106,'0','0'])};__ez_fad_position('div-gpt-ad-askbamland_com-large-leaderboard-2-0'); While farmland, and land in general, will undergo economic factors and changes to demand, it is very likely to increase in value as the years roll by. But they're just renting it. 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,. 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. This number stems from last year's edition of . Michelle, has two of its largest vineyards in that AVA: Canoe Ridge Vineyard and Columbia Crest Vineyard. Farmland CNBC 2.94M subscribers Subscribe 47K 4.5M views 1 year ago #CNBC Bill Gates made. This site also participates in other affiliate programs including but not limited to ShareASale, CJ, and ClickBank, and is compensated for referring traffic and business to these companies. Dailymail.com Reporter 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. Thats why lands still managed by Indigenous peoples worldwide protect and sustain 80% of the worlds biodiversity, practices anathema to industrial agriculture. Why Is Bill Gates Buying Farmland? How Much Does He Own? - Farmfolio Farmland offers a strategy that is completely separated from his other wealth and investments. Beach House in Del Mar, California: $43 Million. Bill Gates wins legal approval to buy huge swath of North Dakota Bill Gates is now the largest private landowner in the country. Bill Gates Approved to Buy Acres of Farmland in North Dakota - IJR 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. 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. In an interview with CNBC, Malone said that his biggest motivation for purchasing land was preservation and he said he hopes to buy more. Why Bill Gates is the largest private farmland owner in the - Vox When pressed during a book discussion on Reddit about why hes gobbling up so much farmland, Gates claimed, It is not connected to climate [change]. The decision, he said, came from his investment group. Cascade Investment, the firm making these acquisitions, is controlled by Gates. 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. 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. 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. A 2018 purchase of 14,500 acres of prime eastern Washington farmland which is traditional Yakama territory for $171m helped him get that title. Since then, it has been revealed that the two never signed a prenuptial agreement, instead opting for a separation agreement. The process of splitting the couples assets will be a mammoth task. What Is The Banking Process To Buy Raw Land, Price Of Agricultural Land In The Philippines. The opportunities are virtually endless. This means that there is not much to maintain on it unless you want to add your own buildings or other property. Who Owns More Land: Bill Gates, McDonald's or The Catholic Church? 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. The acquisitions are held directly, as well as through Gates' personal investment entity, Cascade Investments. We know that one of the best ways to sequester carbon is through the soil. 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. Where Does Bill Gates Own Farmland in the US. While Gates is Americas biggest farmland owner, hes far from being the nations largest landowner in general. Our era is dominated by the ultra-rich, the climate crisis and a burgeoning green capitalism. Malone's 2.2 million acres are largely located in Maine, New Mexico, Colorado, and Wyoming and include profitable cattle ranches. Recently, an article in Land Report stated that Bill Gates owns more American farmland than anyone else. One of the largest plots of land owned by a subsidiary of the Gateses investment arm in Louisiana, Angelina Plantation, was previously owned by former WorldCom CEO Bernard Ebbers, who died last year, a month after being released from prison. 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. Bill Gates currently owns over 268,000 acres of American farmland spread out over 19 states. Land will likely never be a bad investment, as long as the land is healthy and properly located. 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. 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. 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. 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. In January 2021, Bill Gates became the largest owner of farmland in the United States. Weve never been one of the big institutional buyers of single family homes, BlackRock said in response to one tweet. The 14,000 acres in Washington is used for potatoes and in Florida the land is used for carrots. Weve been trained by experience, land acquisition courses, and hundreds of hours meeting with county assessors and clerks, zoning officials, realtors, and land investors. A few years ago, Bill Gates has announced plans to build a smart city outside of Buckeye in Arizona. 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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. by Harvard Universitys Joint Center for Housing Studies. 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. The state's Republican Attorney General Drew Wrigley had inquired into the land sale, and on Wednesday issued a letter saying the transaction complied with an archaic anti-corporate [] The Microsoft co-founder faced several claims that he owned a majority of America's farmland earlier this year. That kind of hard work isnt what made him rich. Bill Gates Land Grab - YouTube Right? According to the Land Report in 2021, the Gateses had 242,000 acres of farmland, 1,234 acres or recreational land, and 25,750 acres of land that was in transition from farmland to residential and . Mansion in Rancho Santa Fe, California: $18 Million. 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. LITTLE ROCK, Ark. 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. Raw land is not developed. 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. 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. In fact, he reportedly owns more farmland than any other individual in America. You may have heard that Bill Gates owns a lot of land, but you may not know how much. Bill Gates now owns more farmland than anyone else in the United States, as the tech tycoon has quietly purchased 242,000 acres of farmland in several states across the country. 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. So while the tech mogul certainly owns a large constellation of farms, its nowhere close to the majority nationwide. Bill Gates acquired six parcels of land in Pembina County. The billionaire recently came under severe criticism from a fourth-generation farmer in South Georgia for his farmland ownership in the U.S. Will Harris, who owns a 152-year-old family farm named. 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. 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. There are also growing trends revolving around the purchase of low acreage farmland and noncommercial farming. North Dakotans are outraged as Bill Gates, the largest private farmland 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'. Bill Gates had managed to purchase nearly 269,000 acres of land in more than 12 states in the US. Bill and Melinda Gates Own 70,000 Acres of Louisiana Farmland; What Public records suggest Cascade Investments has bought its farmland through a web of at least 22 limited liability shell companies across the country. BlackRock is sometimes confused w/ Blackstone, which owned Invitation Homes. 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. 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. The family's 1.7 million acres of land are primarily spread across Washington, Oregon, and California. Of those rentals, less than a third are owned by non-individual investors, according to a 2022 report by Harvard Universitys Joint Center for Housing Studies. The average person has nothing in common with mega-landowners like Bill Gates or Ted Turner. 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. Map reveals which billionaire owns largest amount of land in US - and Ag Briefs: Bill Gates top private farmland owner in U.S. The farmland was purchased through a constellation of companies that all link back to the couples investment group, Cascade Investments, based in Kirkland, Washington. 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. Through our professional experience in land acquisition, we have found that people buy and sell land for many different reasons and have learned that it can be an investment for profit, vacation, or any opportunity that suits your needs and desires. On Friday, a showdown between two of the largest agricultural landowners in the United Statesthe Church of Latter-Day Saints and Bill Gates ' wealth management firmcame . 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., ill Gates has never been a farmer. 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. Behind Gates in terms of investment in farmland are the cofounders of the Wonderful Company, Stewart and Lynda Resnick, with 190,000 acres. Since it works as an investment for him, it also includes the benefits of using land as an investment like he does. These purchases are also a direct result of their daughters equestrian career hopes because of Wellingtons close proximity to the Palm Beach International Equestrian Center. Hes the landlord, or rather, the companies owned by his investment firm are the landlords. Who owns the most land in America? Jeff Bezos and John Malone are among The attraction that people have to investing in farmland is that it tends to be countercyclical to the stock market. The third richest man on the planet doesnt have a green thumb. Inside Bill Gates' $80BILLION property empire - The US Sun The price makes this one of the most expensive home sales in this part of California ever. So while the tech mogul certainly owns a large constellation of farms, its nowhere close to the majority nationwide. There farmers primarily grow soybeans, rice, corn and cotton. Bill and Melinda bought this massive mansion in the Coachella Valley for $12.5 million in 1999. 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. 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. 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. Bill Gates has secured legal approval for the controversial purchase of thousands of acres of prime North Dakota farmland, after the deal drew fury from the state's residents. While Gates owns nearly 270,000 acres of farmland across the US, he isnt the largest landowner in the country. But, As of February 2021, Gates has made headlines across the wor. What Land Does Bill Gates Own In Michigan? - PartyShopMaine Gates shares 95% of the ownership with Saudi Prince Alwaleed bin Talal. Cascade declined to comment on its specific land holdings. Bill Gates now owns the most farmland of anyone in the United States, according to a recent report from The Land Report . Marjorie Taylor Greene SHAMES Former . In this country, enslaved Black labor first built US wealth atop stolen Native land. You may have heard that Bill Gates owns a lot of land, but you may not know how much. 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 crown belongs to Liberty Media chairman John Malone, who has 2.2 million acres, according to The Land Report. 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. Gates' purchase averaged $12,000 per acre. The land that Bill Gates owns is used to grow soybeans, corn, cotton, and rice over 70,000 acres in northern Louisiana. In Nebraska where he owns 20,000 acres, it is used for soybeans. ', 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.'. Bill Gates found to be the largest farmland owner in the U.S - KARK Someone else is owning that asset, whether it's rented equipment or land. What expertise in climate science or agriculture Gates possesses beyond being filthy rich is anyones guess. 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. 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. than 85 million single-family homes in the country, and only around 15 million of those are rentals, Of those rentals, less than a third are owned by non-individual investors, according to. 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. Mason notes that trying to draw hard lines between ones philanthropic work and ones investments does not work. 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. Since 2017 he reportedly holds a significant stake in 24,800 acres of land on the west side of Phoenix. The foundation aims to support country-led inclusive agricultural transformation across sub-Saharan Africa and South Asia, according to its website. It makes no sense.. 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. So what is this guy planning? In emails, BlackRock spokesman Christopher Beattie told The Associated Press that the firm. The Emmerson family owns and operates Sierra Pacific Industries, a company that logs usable lumber after forest fires and sells it to lumber retailers. And not all the renters are local. AP'S ASSESSMENT: False. It was the highest priced land sale in the US that year. Buffalo Bill Cody's Ranch in Cody, Wyoming: Undisclosed Sale Price (Listed for $8.9 Million). In fact it is so big that it is a little hard to conceptualize. Purchased fromMadeleine Pickens, the former wife of Texas billionaire T. Boone Pickens, the property deal is one of the largest ever recorded in the area,The Wall Street Journalreported. Through his subsidiary Mt. North Dakotans Freak Over Bill Gates Land-Buying Mystery - Yahoo! America's Biggest Owner Of Farmland Is Now Bill Gates - Forbes While he owns a significant amount, it is a relatively small slice of the nations nearly 900 million total farm acres. 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. I mean, it is unlikely that one of the richest people in the world would invest in something that wasnt a good investment, right? The agency further found that over 50 percent of cropland is rented to farmers who dont own their land. Weve never been one of the big institutional buyers of single family homes, BlackRock, single-family rentals nationwide. The extensive tax avoidance by these titans of industry will always far exceed their supposed charitable donations to the public. 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. Theres a more cynical calculation. Gates, in an Ask Me Anything session on Reddit last year, said his investment group was behind the purchases, and suggested it was linked to seed and biofuel development. The billionaire couple, in less than a. Malone owns several ranching and real estate businesses predominantly in Maine, New Mexico, Colorado and Wyoming. Adding to the confusion, Blackstone was once a major investor in BlackRock, but sold off its stake in the 1990s. How the Mormon Church Beat Bill Gates in a Battle - The Daily Beast We Now Know Why Creepy Bill Gates Invested in All of That US Farmland He backed Impossible Foods, which relies on genetically modified soybeans, and also held shares of Beyond Meat through the Bill and Melinda Gates Foundation Trust, though SEC filings show those shares were sold in 2019. jwz: Bill Gates' Land Ownership
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