They add it will take those with large parcels of land, like the Gateses U.S. farmland holdings, to do it. APS ASSESSMENT: False. 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. BlackRock is sometimes confused w/ Blackstone, which owned Invitation Homes. of the richest people in the country, owns less than one percent of the nations total farmland. Malone made the decision to put billions of his wealth into land ownership after spending a summer working on a family farm in Pennsylvania. 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. 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. 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. These billionaires have nothing to offer us in terms of saving the planet unless its our land back. 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. BlackRock also does not own the majority of the countrys 80 million single-family homes. The largest. In 2014, he reportedly purchased more than 4,500 acres in Suwannee County, Florida, for nearly $28 million. The land we all live on should not be the sole property of a few. He now owns more farmland than my entire Native American nation. According to landreport.com, the Gates family has a total of 242,000 in farmland acreage in the United States. Last year, Bill and Melinda purchased a sprawling beachfront 6-bedroom, 4-bath home in Del Mar, Californiaoutside of San Diegofor $43 million. The third richest man on the planet doesnt have a green thumb. The extensive tax avoidance by these titans of industry will always far exceed their supposed charitable donations to the public. 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. Land will likely never be a bad investment, as long as the land is healthy and properly located. Except, it seems, when it comes to a private individual selling some land to iconic billionaire Bill Gates. He is an assistant professor in the American studies department at the University of New Mexico. You may have heard that Bill Gates owns a lot of land, but you may not know how much. The land is owned both directly and indirectly by Cascade Investment, the Seattle-area firm that Gates the worlds third-richest man with a net worth of $132 billion, according to Bloomberg set up to manage his massive fortune, according to The Land Report. 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. Why should striking rail and postal workers get a big pay rise while our pay packets remain stagnant or worse? The Gates Rancho Santa Fe estate was purchased in 2014 because of its horse stables and proximity to a local race horse track. The land that Bill Gates owns is used to grow soybeans, corn, cotton, and rice over 70,000 acres in northern Louisiana. Michelle, has two of its largest vineyards in that AVA: Canoe Ridge Vineyard and Columbia Crest Vineyard. Farmland can be an investment in several ways. BlackRock also suggested it was being confused for the similarly-named investment management firm Blackstone, which until recently owned Invitation Homes. Financial titans like Prudential and Hancock have divisions specifically for investors looking to make money on farmland portfolios. "The agriculture sector is important. If the land is owned by the Cascade Investment Group or Cottonwood Ag Management it is likely that Bill Gates may be one of your neighbors. 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. Our inventory spans mostly in the western United States. He never did anything that different from before he got here and what other farmers were doing nearby.". You may also be interested in why a billionaire wants land. Quarterman guessed that may be because Bill Gates isnt the one doing the farming. CNN founder Ted Turner owns 2 million acres of land largely in New Mexico, South Dakota, Nebraska, and Georgia. Arable land is not just profitable. A 2018 purchase of 14,500 acres of prime eastern Washington farmland - which is traditional. The Microsoft co-founder faced several claims that he owned a majority of America's farmland earlier this year. The billionaire says he purchased the land because they are not making it anymore.. Bill Gates currently owns over 268,000 acres of American farmland spread out over 19 states. Bruere said some states such as Iowa enforce foreign ownership restrictions to prohibit foreign ownership or limit . TRENDING: OUCH! But, As of February 2021, Gates has made headlines across the wor. For five generations, the Reed Family has owned and operated the logging company Green Diamond Resource Co. Lemmon Holdings, the billionaire spent $80 million to purchase. In an interview with CNBC, Malone said that his biggest motivation for purchasing land was preservation and he said he hopes to buy more. 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. Much of Turner's land is used as grazing land for over 50,000 head of buffalo . The 13,573-square-foot home has six bedrooms, 11 bedrooms and more luxury features than you can count. Farmers just aren't owning the assets anymore. 5. 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. Land is power, land is wealth, and, more importantly, land is about race and class. 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. 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. 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. The 13,573-square-foot home has six bedrooms, 11 bedrooms and more luxury features than you can count. 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. Adding to the confusion, Blackstone was once a major investor in BlackRock, but sold off its stake in the 1990s. 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. 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. The opportunities are virtually endless. In May, Bill Gates also transferred about $850 million in shares of the agricultural machinery company John Deere to his wife after the two shared publicly their plans to divorce. Members of the Stanley family now work for Generations. Gates is not the only billionaire on The Land Report 's list of top private farmland owners. The billionaire couple, in less than a. ', 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.'. That's basically the motivation there. 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. What Is The Banking Process To Buy Raw Land, Price Of Agricultural Land In The Philippines. 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. Tuesday, the office of the Attorney General sent out a letter asking the Red River Trust to confirm how the company plans to use the land . What expertise in climate science or agriculture Gates possesses beyond being filthy rich is anyones guess. The 14,000 acres in Washington is used for potatoes and in Florida the land is used for carrots. Microsoft co-founder Bill Gates finally revealed the reasons behind his massive purchase of farmland: seed science and biofuel development. That means Gates, whose net worth is estimated at some $134 billion. 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. from February that showed there were more than 895 million total acres of farmland in the country last year. Social media users are falsely claiming that Gates owns the majority of U.S. farmland. Malone also has 25% shares in Liberty Global, the largest international cable company with just under 30million subscribers, and owns 8% of the Atlanta Braves baseball team. Bill Gates' Land Ownership. 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. We know that one of the best ways to sequester carbon is through the soil. Mason notes that trying to draw hard lines between ones philanthropic work and ones investments does not work. Farmland offers a strategy that is completely separated from his other wealth and investments. Farmland CNBC 2.94M subscribers Subscribe 47K 4.5M views 1 year ago #CNBC Bill Gates made. 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). 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. Bill Gates has never been a farmer. The tech mogul, who is the. 2,167 acres. Cascade declined to comment on its specific land holdings. Adding to the confusion, Blackstone was once a major investor in BlackRock, but sold off its stake in the 1990s. Bill Gates may no longer be the worlds richest man, but he can claim a new title: Americas farmland king. 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. The firm is a shareholder in Dallas-based Invitation Homes, which owns nearly 80,000 single-family rentals nationwide. According to the Land Report 100 Research Team, that figure is currently more than twice that amount, which means Bill Gates, co-founder of Microsoft, has an alter ego: Farmer Bill, the guy who owns more farmland than anyone else in America. Now Bill Gates appears to have acquired a slice of their tiny city, and locals near. The land that Gates owns is located in several states and consists primarily of commercial farmland. It makes no sense.. John Malone is the largest private landowner in the United States. He hoped Gates would have invested in different farming techniques that could help turn around the ecological damages from big agriculture. And in Florida, farmers grow carrots on their property. Since it works as an investment for him, it also includes the benefits of using land as an investment like he does. The Gates family currently [] The Land Report revealed that Gates, who has a net worth of nearly $121 billion according to Forbes, has built up a massive farmland . This number stems from last year's edition of . 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. Through his subsidiary Mt. Farmland can be an investment in several ways. Properties up for grabs include a $123million mansion with a trampoline room and a $43million oceanfront mansion with a ten-person jacuzzi. 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. It may even be easier to sell smaller lots than it would be to market the entire portion of land that you invest in. Its uncertain why Gates has invested in so much farmland or how his tracts are currently being used. Bill Gates top private farmland owner in US. Additionally, through his personal investment firm, Cascade, Bill Gates owns approximately half of the Four Season Holdings' hotel chain. 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. 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. A 2018 purchase of 14,500 acres of prime eastern Washington farmland which is traditional Yakama territory for $171m helped him get that title. Right? 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. Do whatever you want to with the land as the value increases. Can you imagine having that much property? We loved familys outdoor adventures so much we started a land business just to help others buy their own land. 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. In Nebraska where he owns 20,000 acres, it is used for soybeans. LITTLE ROCK, Ark. 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. His land ownership spans across 19 states. 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. My investment group chose to do this, Bill Gates said on Reddit in March when asked about his farmland purchases while promoting his latest book, How to Avoid A Climate Disaster. It is not connected to climate. He did acknowledge that more productive farming techniques can help reduce deforestation in other parts of the world. But he didn't, Quarterman said. That makes Invitation Homes the largest operator of single-family rental homes in the country, but still represents a tiny fraction of all such homes. if(typeof ez_ad_units!='undefined'){ez_ad_units.push([[300,250],'askbamland_com-leader-1','ezslot_8',107,'0','0'])};__ez_fad_position('div-gpt-ad-askbamland_com-leader-1-0'); Even if you buy the land with the purpose of selling it at a later time when the area undergoes more development, you can still use the land in the meantime. In emails, BlackRock spokesman Christopher Beattie told The Associated Press that the firm primarily invests in retail, office buildings, hotels and apartment complexes, rather than single-family homes, but he declined to provide a breakdown. In north Louisiana, the Gateses investment firm owns about 70,000 acres of land through at least three other shell companies. 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. 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While Gates owns nearly 270,000 acres of farmland across the US, he isnt the largest landowner in the country. 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. In addition, the land is audited to meet sustainability standards including soil health and water management. Someone else is owning that asset, whether it's rented equipment or land. - 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.
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