In Nebraska where he owns 20,000 acres, it is used for soybeans. Bill Gates' 20,000 acres in Nebraska help make him the top farmland owner in the U.S. Christopher Burbach Jan 24, 2021 Updated May 17, 2022 0 1 of 10 This cropland west of Malmo, Nebraska, is. In total he owns 268,984 acres of land of all types in 19 states, including a suburb up for development - as a so-called 'smart city' - outside Phoenix, Arizona. Bill Gates is in the money flow business, and farmland, as well as other land, can generate a lot of money. In every state where the Gateses own land, a tangled web of locally registered limited liability companies follow. 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. In terms of agriculture and his practices Bill Gates, Microsoft billionaire, may be more than . He owns significantly more farmland than Minnesota's Offutt family and California's Resnick family, which each own 190,000 acres and rank second equal on the list. Why should striking rail and postal workers get a big pay rise while our pay packets remain stagnant or worse? The agency further found that over 50 percent of cropland is rented to farmers who dont own their land. The Emmerson family owns and operates Sierra Pacific Industries, a company that logs usable lumber after forest fires and sells it to lumber retailers. LITTLE ROCK, Ark. Kroenke is married to Ann Walkton Kroenke, an heiress to the Wal-Mart fortune. Theres a more cynical calculation. 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. 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. BILL Gates' $80billion property empire now hangs in the balance after he and his wife of 27 years announced they are divorcing. The acquisitions are held directly, as well as through Gates' personal investment entity, Cascade Investments. His 242,000 acres of farmland stretch across 18 states from Washington to Florida,. Farmland CNBC 2.94M subscribers Subscribe 47K 4.5M views 1 year ago #CNBC Bill Gates made. 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. Gates diversified his investment portfolio through land ownership, but why? While Gates is Americas biggest farmland owner, hes far from being the nations largest landowner in general. In 2014, Cascade Investments combined both of those companies and the land into Generations Farms, which continued to grow vegetables. 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. 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. 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. Malone's 2.2 million acres are largely located in Maine, New Mexico, Colorado, and Wyoming and include profitable cattle ranches. Last year, Bill and Melinda purchased a sprawling beachfront 6-bedroom, 4-bath home in Del Mar, Californiaoutside of San Diegofor $43 million. In January 2021, Bill Gates became the largest owner of farmland in the United States. And not all the renters are local. He also owns three hotels in Dublin, Ireland, and a fourth in Limerick. 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. They said farmland has been a popular investment for a long time because of its stability. 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. Thanks for contacting us. 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 . 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 price makes this one of the most expensive home sales in this part of California ever. 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According to the Land Report 100 Research Team, that figure is currently more than twice that amount, which means Bill Gates, cofounder of Microsoft, has an alter ego: Farmer Bill, the guy who owns more farmland than anyone else in America. Bill Gates' $13.5 million investment in 2,100 sprawling acres of North Dakota land has raised questions as the purchase coincided with a controversial Chinese company buying 370 acres of. Bill Gates has never been a farmer. A 2018 purchase of 14,500 acres of prime eastern Washington farmland - which is traditional. BlackRock, meanwhile, is also not the owner of the majority of single family houses in the country. Farmland can be an investment in several ways. Bill Gates investment company, Cascade Investments, has invested in hundreds of thousands of acres of farmland in the last 10 years. 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. Bill and Melinda Gates, who recently announced theyre getting divorced and are dividing their assets, are deeply invested in American agriculture. Seems like there could be a lot to benefit more of their charities by selling some of this off. Bill Gates is the largest private owner of American farmland, which is why so many people are wondering what he will use it for. 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. 4. This map shows that area as a rectangle that can be dragged. We think we now know. Farmland offers a strategy that is completely separated from his other wealth and investments. 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). Like wealth, land ownership is becoming concentrated into fewer and fewer hands, resulting in a greater push for monocultures and more intensive industrial farming techniques to generate greater returns. 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. 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. 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. Learn more about fact-checking at AP. Those animals, which are sacred to my people and were nearly hunted to extinction by settlers, are preserved today on nearly 200,000 acres of Turners ranchland within the boundaries of the 1868 Fort Laramie Treaty territory in the western half of what is now the state of South Dakota, land that was once guaranteed by the US government to be a permanent home for Lakota people. The comments below have not been moderated, By In other words, when the economy is struggling, the value of farmland generally doesnt depreciate. That is a big chunk of land. Single-family homes are priced between $5-25 million. 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. 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. This can be an affordable way to get started with your raw land investments. While land is a limited resource, there is still less competition for raw land than there is with residential and commercial real estate. Farmer Bill. It will not tell you that Bill Gates is your neighbor. 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. Apparently Bill Gates now owns almost 242,000 acres of land in the United States. Agriculture is also a key focus area for the Bill & Melinda Gates Foundation, the massive charity run by Gates and his wife. (AP Photo/Michael Probst, File ), Connect with the definitive source for global and local news. has grabbed headlines in recent days, some prominent voices have taken to social media to claim that some other significant acquisitions by deep-pocketed individuals and corporations have largely flown under the radar. About 40 percent of farmland is owned by seniors 65 or older, according to 2014 estimates by the U.S. Department of Agriculture, meaning more farmland is expected to come on the market soon. That means Gates, whose net worth is estimated at some $134 billion. 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. Renewable energy company Savion has an option to buy the property for what . This could give you a place to relax or to even build a small vacation home. Bill Gates is best known for revolutionizing personal computing, but lately he's gotten back to the land. We know that one of the best ways to sequester carbon is through the soil. After all, few can out-bid Bill Gates. Land will likely never be a bad investment, as long as the land is healthy and properly located. Someone else is owning that asset, whether it's rented equipment or land. The opportunities are virtually endless. When Bill Gates, or whatever other investment arm owns the land, a farmer still needs to farm it. 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. 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. 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. of the richest people in the country, owns less than one percent of the nations total farmland. By 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. Listen to article. The United States is defined by the excesses of its ruling class. And we think it will provide good inflation protection in the long run. 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. 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. With more productive seeds we can avoid deforestation and help Africa deal with the climate difficulty they already face. Stan Kroenke: Land area: 1.4 million acres. That was a virus I got from Ted Turner.. by Harvard Universitys Joint Center for Housing Studies. Our inventory spans five western states. 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. Bill Gates does not own the majority of U.S. farmland. 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. 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 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. Bill and Melinda Gates, who recently announced they're getting divorced and are dividing their assets, are deeply invested in American agriculture. (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). Here is the . BlackRock is sometimes confused w/ Blackstone, which owned Invitation Homes. Bill and Melinda bought this massive mansion in the Coachella Valley for $12.5 million in 1999. The attraction that people have to investing in farmland is that it tends to be countercyclical to the stock market. The area off Interstate 10, called Belmont, has space for 80,000 homes as well as more than 4,000 acres for schools, offices, and stores; and 3,400 acres of open space. And the firm said its very supportive of sustainable farming. There . Bill Gates now owns almost 242,000 acres of the continguous USA. According to, the Gates family has a total of 242,000 in farmland acreage in the United States. The firm is a shareholder in Dallas-based Invitation Homes, which owns nearly 80,000 single-family rentals nationwide. Well, youd think, if you're looking for somebody with enough capital to try that, he would go first. Back in January, US magazine The Land Report revealed that Bill and Melinda Gates have amassed the largest portfolio of private farmland in the US, comprising an estimated 242,000 acres. 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. 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'. . In fact, Gates is the owner of over 270,000 acres of farmland, which is worth over $700 million! The 1862 Homestead Act opened up 270m acres of Indigenous territory which amounts to 10% of US land for white settlement. This means that you can find good deals that may be just the thing you are looking for. One of those farms, Stanley Farms, specialized in Vidalia onions, and another, Coggins Farms, focused on growing carrots. In 2014, he reportedly purchased more than 4,500 acres in Suwannee County, Florida, for nearly $28 million. He now owns more farmland than my entire Native American nation. 23:06 GMT 15 Jan 2021 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. 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. 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. He owns 2m acres and has the worlds largest privately owned buffalo herd. The farmland was purchased through a constellation of companies that all link back to the couples investment group, Cascade Investments, based in Kirkland, Washington. 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.. 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. I mean, it is unlikely that one of the richest people in the world would invest in something that wasnt a good investment, right? 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. Adding to the confusion, Blackstone was once a major investor in BlackRock, but sold off its stake in the 1990s. There, on Gates parcels, an industrial farm grows potatoes for McDonalds french fries. But why do a handful of people own so much land? 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Bruere said some states such as Iowa enforce foreign ownership restrictions to prohibit foreign ownership or limit . Do whatever you want to with the land as the value increases. 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. | Chuck Collins, Original reporting and incisive analysis, direct from the Guardian every morning, Land is power, land is wealth, and, more importantly, land is about race and class. While Gates owns nearly 270,000 acres of farmland across the US, he isnt the largest landowner in the country. Bill Gates top private farmland owner in US. His largest holding is in Louisiana (69,071 acres), followed by Arkansas (47,927 acres) and Arizona (25,750 acres). 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. Gates achievement, according to the report, is that hes largest private owner of farmland in the US. Social media users are falsely claiming that Gates owns the majority of U.S. farmland. 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. 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. Public records suggest Cascade Investments has bought its farmland through a web of at least 22 limited liability shell companies across the country. The Microsoft co-founder and his former wife, Melinda, are the top farmland owners in. He is also the chairman and largest stakeholder of Liberty Media, possessing 28% of Discovery Communications, which was acquired by Scripps Network for $14.6billion. Reporter They accounted for almost 1% of the agricultural land in the United States.
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