Why Does Arizona Hate California, Ardsley Crematorium Funerals Tomorrow, Daniel Gabriel Fahrenheit Famous Quotes, Boston Federal Court Sentencing, Domenico Catanzariti Olive Business, Articles B

That's one of the many takeaways from the 2021 Land Report 100, which is compiled each year by Land Report magazine. 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 said that this is where large tracts of rich farmland is used to raise livestock and grow many of the vegetables that end up in grocery aisles up and down the East Coast. Gates and his investment team own more than 240,000 acres, as reported by Eric O'Keefe, including 2,167 acres in Michigan. North Dakotans are outraged as Bill Gates, the largest private farmland 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. 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. We know that one of the best ways to sequester carbon is through the soil. THE FACTS: As Elon Musks bid to purchase Twitter 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. Do whatever you want to with the land as the value increases. Through Sierra Pacific, the family owns some 2 million acres in California and Washington. We've received your submission. Bill and Melinda Gates, who recently announced they're getting divorced and are dividing their assets, are deeply invested in American agriculture. This could allow you to sell or lease the individual lots of land on the property. 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 65-year-old's largest holdings include 69,071 acres in Louisiana, 47,927 acres in Arkansas,25,750 acres in Arizona, 20,588 acres in Nebraska and16,097 in Washington state. However, his largest land holdings are in Louisiana (69,071 acres), Arkansas (47,927 acres), Nebraska (20,588 acres . Except, it seems, when it comes to a private individual selling some land to iconic billionaire Bill Gates. You just have to keep it relatively clean, mow it, and pay property taxes. But theyre far better known for their work in tech and in trying to save the climate. Land holds ample opportunities for growth and development, yet you may find that there is more land than there is competition. Farmland can be an investment in several ways. 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. of the richest people in the country, owns less than one percent of the nations total farmland. buying an increasing share of the U.S. housing market. "The agriculture sector is important. (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). In 2014, Cascade Investments combined both of those companies and the land into Generations Farms, which continued to grow vegetables. . 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. Gates diversified his investment portfolio through land ownership, but why? Data gathered by The Land Report and NBC News show that their land holdings range from 70,000 acres in north Louisiana, where their farmland grows soybeans, corn, cotton and rice, to 20,000 acres in Nebraska, where farmers grow soybeans. 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. Gates shares ownership with Saudi Prince Alwaleed bin Talalthe two purchased the chain in 2007 for $3.8 billion. Adding to the confusion, Blackstone was once a major investor in BlackRock, but sold off its stake in the 1990s. 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. Some raw land may even be as affordable as a few thousand dollars, which can be an affordable and cost-effective investment strategy (or just a place to use for personal reasons). The opportunities are virtually endless. Gates has been buying land like its going out of style. 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. From mortgage info and housing trends to updates on which celebritys bathroom is equipped with a Vitamin-C infused shower, Housecall covers the entire moving and shaking gamut of the industry decision to end their marriage after 27 years, How to Know Youve Found the Home of Your Dreams, 3 Reasons to Hire Pest Control Services After Moving Into Your Home, 4 Additions For Your New Bathroom Remodel, Top Kitchen Design Trends to Consider for Your Renovation, Inside Jeff Bezos Multi-Billion Dollar Real Estate Portfolio, Reasons to Take Care of a Water Leak in Your Home as Soon as Possible, A Quick Guide to Stopping Ceiling Leaks in Your Home, 10 Tips for Taking Care of Wood Furniture, 5 Important Facts About Your Rain Gutter System, 5 Strategies for Making Moving House as Smooth as Possible, Lessons Every Homeowner Can Learn This Winter to Prepare for the Next, How to Spot Foundation Issues in an Old Home. Weve answered hundreds of questions from people regarding the buying and use of land. 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. 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. We would love to talk to you! 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. An NBC News analysis also identified Gates as the largest farmland owner in the US. Last year, Bill and Melinda purchased a sprawling beachfront 6-bedroom, 4-bath home in Del Mar, Californiaoutside of San Diegofor $43 million. 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. Our exposure to Invitation Homes is owning its stock in mutual funds we manage, not buying houses w/ them,. The agency further found that over 50 percent of cropland is rented to farmers who dont own their land. Bill Gates Called Out By Farmer For Secretly Buying Up US Farmland: 'I Listen to article. If you are unsure where to start, you can also check country tax sales. 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. That kind of hard work isnt what made him rich. The Microsoft co-founder faced several claims that he owned a majority of America's farmland earlier this year. Bill Gates owns massive parcels of farmland. It's not part of his plans There . 4. 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. There are more than 85 million single-family homes in the country, and only around 15 million of those are rentals, according to the latest American Housing Survey by the Census Bureau. The agriculture sector is important, he wrote. The Associated Press reports that last week, billionaire Microsoft founder Bill Gates was cleared to purchase 2,100 acres of rural North Dakota farmland. After all, few can out-bid Bill Gates. A white man owns more farmland than my entire Native nation! Where Does Bill Gates Own Farmland in the US. Ag Briefs: Bill Gates top private farmland owner in U.S. Mansion in Rancho Santa Fe, California: $18 Million. That means Gates, whose net worth is estimated at some $134 billion according to Forbes annual ranking of the richest people in the country, owns less than one percent of the nations total farmland. The price makes this one of the most expensive home sales in this part of California ever. Much of Turner's land is used as grazing land for over 50,000 head of buffalo the largest private herd of bison in the world. The United States is defined by the excesses of its ruling class. 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. The land that Bill Gates owns is used to grow soybeans, corn, cotton, and rice over 70,000 acres in northern Louisiana. 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. It was the highest priced land sale in the US that year. 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. Malone's 2.2 million acres are largely located in Maine, New Mexico, Colorado, and Wyoming and include profitable cattle ranches. BlackRock also does not own the majority of the countrys 80 million single-family homes. Gates is not the only billionaire on The Land Report 's list of top private farmland owners. In total, Bill and Melinda Gates have acquired land in more than a dozen states. 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. Starting in 2012, Gates investment firm began buying family farms in South Georgia. It just seemed like a good thing to do., 2020 THE SUN, US, INC. ALL RIGHTS RESERVED | TERMS OF USE | PRIVACY | YOUR AD CHOICES | SITEMAP, A map has revealed which billionaire owns the most land in the US, and it's not Bill Gates, John Malone owns about 2.2million acres of land across the United States, In comparison, Microsoft co-founder Bill Gates owns about 270,000 acres of farmland, Malone is worth an estimated $9.22billion, Meet the largest landowner in the US as map reveals stunning amount of land billionaire owns and its not Bill Gates. Bill Gates' 20,000 acres in Nebraska help make him the top farmland The biggest chunks of Gates holdings are in Louisiana and Arkansas, where he owns 69,071 acres and 47,927 acres, respectively, the outlets research found. 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." Bill Gates is buying up the majority of American farmland and BlackRock is buying the majority of single family houses but Im supposed to believe the biggest threat to us is Elon Musk buying Twitter? read one representative tweet thats been liked or shared on the platform more than 250,000 times. Bill and Melinda bought this massive mansion in the Coachella Valley for $12.5 million in 1999. 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. 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. 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. Almost 300,000 acres is a lot of land for one family or private individual to own, but it's still just a. BlackRock is sometimes confused w/ Blackstone, which owned Invitation Homes. These billionaires have nothing to offer us in terms of saving the planet unless its our land back. The attraction that people have to investing in farmland is that it tends to be countercyclical to the stock market. Bill and Melinda Gates' divorce puts massive farmland holdings in focus At this valuation, Gates likely paid close to $2 billion for the luxury-hotel business. In May, Microsoft co-founder Bill Gates and his wife Melinda Gates revealed in a Twitter statement their decision to end their marriage after 27 years. BlackRock is sometimes confused w/ Blackstone, which owned Invitation Homes. Arable land is not just profitable. 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. In January 2021, Bill Gates became the largest owner of farmland in the United States. Bill Gates does not own the majority of U.S. farmland. How Much Land Does Bill Gates Own? | askBAMLand He added: 'In addition, the states oldest winery, Chateau Ste. They accounted for almost 1% of the agricultural land in the United States. One of the Gates favorite vacation homes is in the Yellowstone Club in Big Sky, Montana. How much property does Bill Gates own? - Housing News His land ownership spans across 19 states. MINOT, N.D. North Dakotans like to pride themselves on being pro-property rights. Buffalo Bill Cody's Ranch in Cody, Wyoming: Undisclosed Sale Price (Listed for $8.9 Million). The map shows a 242,000 acre square situated over New York. 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. CNN founder Ted Turner owns 2 million acres of land largely in New Mexico, South Dakota, Nebraska, and Georgia. And we think it will provide good inflation protection in the long run. 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. We think we now know. The third richest man on the planet doesnt have a green thumb. They bought and later sold an additional 6,000 acres in Georgia, NBC News found. 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. Our inventory spans mostly in the western United States. Bill Gates reveals reasons behind massive farmland purchases 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. Gates' achievement, according to the report, is that he's largest private owner of farmland in the US. Farmers just aren't owning the assets anymore. 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. Bill Gates is betting big on US farmland - should you? 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. In 1994 Bill and Melinda Gates are said to have hired Michael Larson to help them diversify their property portfolio. With more productive seeds we can avoid deforestation and help Africa deal with the climate difficulty they already face. He also purchased the 800-acre Bridlewood Farms in Florida. , said his investment group was behind the purchases, and suggested it was linked to seed and biofuel development. When Bill Gates, or whatever other investment arm owns the land, a farmer still needs to farm it. Adjusted for inflation, average farm real estate values have generally risen since 1993, growing from less than $1,500 an acre in the mid-90s to over $3,000 an acre in 2020, according to the USDA. And that its going to take big swaths of land, like what Bill Gates has taken, to do that, said Konda Mason, the founder and president of Jubilee Justice and Potlikker Capital, which funds and supports regenerative agriculture projects owned by people of color. Report: Bill Gates buys Buffalo Bill's historic Wyoming ranch Public records suggest Cascade Investments has bought its farmland through a web of at least 22 limited liability shell companies across the country. Housecall is the official blog of RISMedia, covering real estate news and information for agents, brokers and their clients. The conservation of lands is important, he said. Thanks for contacting us. It also is a shareholder in the plant-based protein companies Beyond Meat and Impossible Foods as well as the farming equipment manufacturer John Deere. The company also took to Twitter to reject the false narrative. Both companies were founded in 2012 with the same address as Cascade Investments in Kirkland, which later changed its mailing address to a Louisiana post office box assigned to Oak River Farms, another subsidiary of Cascade. Bill Gates is the largest private owner of American farmland, which is why so many people are wondering what he will use it for. Is this simply a diversification of Gates' massive tech investment portfolio? Nor does he put in the back-breaking labor humble people do to grow our food and who get far less praise for it. Why is Bill Gates buying up US farmland? - DW - 04/09/2021 Some of that land, including nearly 300 acres, was sold in 2019 to the California-based Grimmway Farms, the worlds largest carrot producer. This will always be true, no matter where the land is. 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. The Gates Rancho Santa Fe estate was purchased in 2014 because of its horse stables and proximity to a local race horse track. Fact Check-Bill Gates doesn't own most U.S. farmland - Reuters America's leading landowners added hundreds of thousands of acres to their holdings last year. If they purchased the rest of their farmland for similar prices, that would put the value of their 242,000 acres at almost $3 billion. Today, Bill Gates owns 242,000 acres of farmland in 19 states. This could give you a place to relax or to even build a small vacation home. That crown belongs to Liberty Media chairman John Malone, who has 2.2 million acres, according to The Land Report. 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. Bill and Melinda Gates Own 70,000 Acres of Louisiana Farmland; What 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'. The land that Bill Gates owns is used to grow soybeans, corn, cotton, and rice over 70,000 acres in northern Louisiana. Bill Gates now owns the most farmland of anyone in the United States, according to a recent report from The Land Report . Bill Gates is the biggest private owner of farmland in - The Guardian 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 . Investors bought a record 18.4% of the homes purchased in the fourth quarter of 2021 three-quarters of which were single-family homes, according to real estate firm RedFin. 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. There are also growing trends revolving around the purchase of low acreage farmland and noncommercial farming. Mason notes that trying to draw hard lines between ones philanthropic work and ones investments does not work. Bill and Melinda have diversified their portfolioworth more than $130 billionfor years, and one of their favorite investments is real estate. According to 2021 article from the Land Report, a magazine about land ownership, Gates owns approximately 242,000 . Bill Gates' Land Ownership. In 2014, he reportedly purchased more than 4,500 acres in Suwannee County, Florida, for nearly $28 million. 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. 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. The project is in its early . Agriculture is also a key focus area for the Bill & Melinda Gates Foundation, the massive charity run by Gates and his wife.