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The Gates Foundation said in a statement that its agriculture efforts do not extend to farming in the U.S. 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. 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. According to The Land Report, the Microsoft co-founder owns farmland across 18 states, with the largest holdings being in Louisiana (69,071 acres), Arkansas (47,927 acres) and Nebraska (20,588. Properties up for grabs include a $123million mansion with a trampoline room and a $43million oceanfront mansion with a ten-person jacuzzi. Billionaire owns 38-square miles of farmland in Illinois. According to landreport.com, the Gates family has a total of 242,000 in farmland acreage in the United States. 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. The 1862 Homestead Act opened up 270m acres of Indigenous territory which amounts to 10% of US land for white settlement. It will not tell you that Bill Gates is your neighbor. 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. | 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. Bill and Melinda Gates' divorce puts massive farmland holdings in focus Bill Gates' farmland buying spree highlights investment appeal They said farmland has been a popular investment for a long time because of its stability. They own the soil where the potatoes in McDonald's french fries grow, the carrots from the world's largest . As more and more land becomes developed, less and less raw land is available, which potentially increases the value as demand remains the same or even increases. In 2009, the Gates' reportedly purchased a ranch in Wyoming that once belonged to Buffalo Bill Cody. 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. ', Cascade did not elaborate on the agricultural land purchases other than to say that the company is 'very supportive of sustainable farming.'. LITTLE ROCK, Ark. 4 Small farmers and Indigenous people are more cautious with the use of land. In fact it is so big that it is a little hard to conceptualize. 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. He now owns more farmland than my entire Native American nation. Bill Gates' 20,000 acres in Nebraska help make him the top farmland Bill Gates investment company, Cascade Investments, has invested in hundreds of thousands of acres of farmland in the last 10 years. 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. Bill and Melinda Gates, who recently announced they're getting divorced and are dividing their assets, are deeply invested in American agriculture. There farmers primarily grow soybeans, rice, corn and cotton. Bill Gates Is The Largest Owner Of Farmland In The US - Nation The 13,573-square-foot home has six bedrooms, 11 bedrooms and more luxury features than you can count. 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 . I mean, it is unlikely that one of the richest people in the world would invest in something that wasnt a good investment, right? 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 . Our era is dominated by the ultra-rich, the climate crisis and a burgeoning green capitalism. Bill Gates reveals reasons behind massive farmland purchases Cascade declined to comment on its specific land holdings. Bill Gates had managed to purchase nearly 269,000 acres of land in more than 12 states in the US. 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. 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. You may have heard that Bill Gates owns a lot of land, but you may not know how much. Bill Gates: America's Top Farmland Owner | The Land Report. Why is Bill Gates buying up US farmland? - DW - 04/09/2021 Bill Gates is the largest private owner of American farmland, which is why so many people are wondering what he will use it for. Marjorie Taylor Greene SHAMES Former . You may have heard that Bill Gates owns a lot of land, but you may not know how much. 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. Here is the . Malone continued, the forestry part of it in the Northeast is a pretty good business, with very low return on capital, but very stable and leverageable. We loved familys outdoor adventures so much we started a land business just to help others buy their own land. 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. The comments below have not been moderated, By 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. This number stems from last year's edition of . This will always be true, no matter where the land is. 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. MINOT, N.D. North Dakotans like to pride themselves on being pro-property rights. Land is power, land is wealth, and, more importantly, land is about race and class. But why do a handful of people own so much land? While Gates is Americas biggest farmland owner, hes far from being the nations largest landowner in general. 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). After all, few can out-bid Bill Gates. 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. AP'S ASSESSMENT: False. You may also be interested in why a billionaire wants land. 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. BlackRock also does not own the majority of the countrys 80 million single-family homes. In every state where the Gateses own land, a tangled web of locally registered limited liability companies follow. But that could soon change. 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. As more and more land becomes developed, less and less raw land is available, which potentially increases the value as demand remains the same or even increases. You just have to keep it relatively clean, mow it, and pay property taxes. 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. An Update on Bill Gates' New Smart City in Arizona | GlobeSt Map reveals which billionaire owns largest amount of land in US - and buying an increasing share of the U.S. housing market. 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. The 14,000 acres in Washington is used for potatoes and in Florida the land is used for carrots. Dailymail.com Reporter, Meet John Malone of Liberty Global the Darth Vader of Wall Street and the man who wants a slice of Formula One, Bill Gates is accused of hypocrisy after joining bidding war to buy the world's largest private jet operator - one month before he releases his book preaching about climate change, Isabel Oakeshott receives 'menacing' message from Matt Hancock, Insane moment river of rocks falls onto Malibu Canyon in CA, Mom who lost both sons to fentanyl blasts laughing Biden, Pavement where disabled woman gestured at cyclist before fatal crash, Pro-Ukrainian drone lands on Russian spy planes exposing location, 'Buster is next!' You can read more about us, here. Bill Gates now owns almost 242,000 acres of the continguous USA. (Stephen Osman / Los Angeles Times via AP file), The buildings of the 100 Circles Farm are at the center of this satellite image. 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'. Gates portfolio comprises about 242,000 acres of farmland and nearly 27,000 acres of other land across 19 states, according to The Land Report, a magazine for land investors that tracks the nations biggest landowners. The billionaire Microsoft co-founder has become the largest owner of farmland in the United States by quietly buying up massive plots across the county, a new report says. So why did the Land Report dub him Farmer Bill this year? We would love to talk to you! from February that showed there were more than 895 million total acres of farmland in the country last year. While land is a limited resource, there is still less competition for raw land than there is with residential and commercial real estate. That means Gates, whose net worth is estimated at some $134 billion. The billionaire Microsoft co-founder has become the largest owner of farmland in the. Bill and Melinda have purchased numerous properties in Wellington, Florida, over the years. In fact, he reportedly owns more farmland than any other individual in America. APS ASSESSMENT: False. 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. Bill Gates is the biggest private owner of farmland in - The Guardian Why Is Bill Gates Buying So Much Farmland? - Farmland Riches It is unclear why Gates, better known as a self-confessed computing 'nerd', has invested in farmland so heavily, and details of the land are scarce,as revealed in The Land Report. Bill Gates owns more land than all of the entire city of New Why Bill Gates Is Buying Up U.S. 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. 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. False. Bill and Melinda Gates Own 70,000 Acres of Louisiana Farmland; What Through his subsidiary Mt. 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. Bill Gates is now the largest private landowner in the country. The potential is endless. 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. 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). Bill Gates now the biggest owner of farmland in the US 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 [] Report: Bill Gates is largest owner of private farmland in U.S., with 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. 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. (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). 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. An NBC News analysis also identified Gates as the largest farmland owner in the US. Dailymail.com Reporter But they're just renting it. Ownership of Angelina Plantation Farms, which sits among three wildlife areas in Monterey with a view of Bayou Cocodrie, and other property has been a . The family's 1.7 million acres of land are primarily spread across Washington, Oregon, and California. With more productive seeds we can avoid deforestation and help Africa deal with the climate difficulty they already face. Except, it seems, when it comes to a private individual selling some land to iconic billionaire Bill Gates. Farmer Bill. The attraction that people have to investing in farmland is that it tends to be countercyclical to the stock market. Additionally, through his personal investment firm, Cascade, Bill Gates owns approximately half of the Four Season Holdings' hotel chain. But some farmers whose land is adjacent to that of the Gateses have expressed disappointment that despite the couples wealth, they have not done more to preserve the environment. You can email us at contact@askbamland.com. 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. Wealth accumulation always goes hand-in-hand with exploitation and dispossession. These land holdings are separate from their previous investments in companies that support large-scale farming like Monsanto and the tractor manufacturer John Deere. 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. One of the Gates favorite vacation homes is in the Yellowstone Club in Big Sky, Montana. Follow Bill Gates: Do Not Invest In Tech, Invest In Farmland - Gizchina.com In terms of agriculture and his practices Bill Gates, Microsoft billionaire, may be more than . The average person has nothing in common with mega-landowners like Bill Gates or Ted Turner. This way, the land will remain productive and healthy, while also becoming a money-driving investment. The farmland was purchased through a constellation of companies that all link back to the couples investment group, Cascade Investments, based in Kirkland, Washington. Gates diversified his investment portfolio through land ownership, but why? In 2018 Gates reportedly bought 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 from an insurance company that had paid $75million for it in 2010. Lemmon Holdings, the billionaire spent $80 million to purchase. BlackRock is sometimes confused w/ Blackstone, which owned Invitation Homes. Is this simply a diversification of Gates' massive tech investment portfolio? John Malone is the largest private landowner in the United States. To put that into perspective, thats nearly the size of Hong Kong and twice the acreage of the Lower Brule Sioux Tribe, where Im an enrolled member. 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. Exactly How Much Farm Land Does Bill Gates Own? It's More Than Any