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He also purchased the 800-acre Bridlewood Farms in Florida. The extensive tax avoidance by these titans of industry will always far exceed their supposed charitable donations to the public. Mason notes that trying to draw hard lines between ones philanthropic work and ones investments does not work. 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. 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. The company also took to Twitter to reject the false narrative. The billionaire tech mogul and philanthropist has quietly amassed nearly 270,000 acres of farmland across the country, but thats still a relatively small slice of the nations nearly 900 million total farm acres. However, his largest land holdings are in Louisiana (69,071 acres), Arkansas (47,927 acres), Nebraska (20,588 acres . This could allow you to sell or lease the individual lots of land on the property. 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. TRENDING: OUCH! Our exposure to Invitation Homes is owning its stock in mutual funds we manage, not buying houses w/ them, BlackRock tweeted. The Gates Foundation said in a statement that its agriculture efforts do not extend to farming in the U.S. They bought and later sold an additional 6,000 acres in Georgia, NBC News found. 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. We've received your submission. He never did anything that different from before he got here and what other farmers were doing nearby.". 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. 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. Weve been trained by experience, land acquisition courses, and hundreds of hours meeting with county assessors and clerks, zoning officials, realtors, and land investors. But farmer advocates say the Gateses large-scale farm purchases dont make room for smaller farmers to break into the market. Our inventory spans mostly in the western United States. 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. Since it works as an investment for him, it also includes the benefits of using land as an investment like he does. 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. Arable land is not just profitable. He owns 2m acres and has the worlds largest privately owned buffalo herd. While he owns a significant amount, it is a relatively small slice of the nations nearly 900 million total farm acres. That land is now largely rented out to various farmers. A 2018 purchase of 14,500 acres of prime eastern Washington farmland - which is traditional. In fact, he owns some of the land that produces potatoes used to make McDondalds french fries. So why did the Land Report dub him Farmer Bill this year? 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. There is only a certain amount of land available on earth. 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. So what is this guy planning? There are also growing trends revolving around the purchase of low acreage farmland and noncommercial farming. Someone else is building that equity on their back, said Johnathan Hladik, the policy director at the Center for Rural Affairs, who is also a farmer in Nebraska. Its uncertain why Gates has invested in so much farmland or how his tracts are currently being used. The opportunities are virtually endless. But, As of February 2021, Gates has made headlines across the wor. These states include: Arizona - 25,750 acres; Arkansas - 47,927 acres Gates shares ownership with Saudi Prince Alwaleed bin Talalthe two purchased the chain in 2007 for $3.8 billion. Social media users are falsely claiming that Gates owns the majority of U.S. farmland. Bill Gates currently owns over 268,000 acres of American farmland spread out over 19 states. Almost 300,000 acres is a lot of land for one family or private individual to own, but it's still just a. Apparently Bill Gates now owns almost 242,000 acres of land in the United States. 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. 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'. It is unclear how cheap biofuels can be but if they are cheap it can solve the aviation and truck emissions.. The piece noted that the firm owns at least 100,000 acres of farmland in California, Illinois, Iowa, Louisiana and other states or an area seven times bigger than Manhattan.. APS ASSESSMENT: False. Kroenke is married to Ann Walkton Kroenke, an heiress to the Wal-Mart fortune. This way, the land will remain productive and healthy, while also becoming a money-driving investment. Besides the enrollment of their landholdings in Leading Harvest, the Gates Foundation in 2020 also created an agricultural nonprofit, Gates Ag One, which focuses on bringing affordable solutions to small-scale farmers in sub-Saharan Africa and South Asia to improve crop productivity. Microsoft co-founder Bill Gates finally revealed the reasons behind his massive purchase of farmland: seed science and biofuel development. 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 firm is a shareholder in Dallas-based Invitation Homes, which owns nearly 80,000 single-family rentals nationwide. Gates shares 95% of the ownership with Saudi Prince Alwaleed bin Talal. , said his investment group was behind the purchases, and suggested it was linked to seed and biofuel development. 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. ', 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.'. What expertise in climate science or agriculture Gates possesses beyond being filthy rich is anyones guess. A white man owns more farmland than my entire Native nation! The land that Bill Gates owns is used to grow soybeans, corn, cotton, and rice over 70,000 acres in northern Louisiana. 2,167 acres. The foundation aims to support country-led inclusive agricultural transformation across sub-Saharan Africa and South Asia, according to its website. That's one of the many takeaways from the 2021 Land Report 100, which is compiled each year by Land Report magazine. His land ownership spans across 19 states. Weve been trained by experience, land acquisition courses, and hundreds of hours meeting with county assessors and clerks, zoning officials, realtors, and land investors. Weve never been one of the big institutional buyers of single family homes, BlackRock, single-family rentals nationwide. 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. Weve never been one of the big institutional buyers of single family homes, BlackRock said in response to one tweet. At this valuation, Gates likely paid close to $2 billion for the luxury-hotel business. 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 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. The outlet reported this week that Gates, 65, owns 268,984 acres of. He added: 'In addition, the states oldest winery, Chateau Ste. 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. 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'. The value depends on a lot of factors including location, type of land, acreage, supply, demand, and more. That kind of hard work isnt what made him rich. 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. Theres a more cynical calculation. 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. Its a hedging strategy, said Daniel Bigelow, a professor of agricultural economics at Montana State University, who previously served as a USDA research economist. This can be an affordable way to get started with your raw land investments. The acquisitions are held directly, as well as through Gates' personal investment entity, Cascade Investments. It may even be easier to sell smaller lots than it would be to market the entire portion of land that you invest in. Bill Gates is the largest private owner of American farmland, which is why so many people are wondering what he will use it for. 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. The billionaire couple, in less than a decade, have accumulated more than 269,000 acres of farmland across 18 states, more than the entire acreage of New York City. According to landreport.com, the Gates family has a total of 242,000 in farmland acreage in the United States. A few years ago, Bill Gates has announced plans to build a smart city outside of Buckeye in Arizona. 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 . 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. The family's 1.7 million acres of land are primarily spread across Washington, Oregon, and California. Beach House in Del Mar, California: $43 Million. For Indigenous caretakers, land use isnt premised on a return of investments; its about maintaining the land for the next generation, meeting the needs of the present, and a respect for the diversity of life. Gates and his wife own 269,000 acres of farmland. The private residential area is home to numerous A-list celebrity couples including Justin Timberlake and Jessica Biel. Bill Gates may be trading his pocket protector for cowboy boots. 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. 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. Land will likely never be a bad investment, as long as the land is healthy and properly located. 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. He hoped Gates would have invested in different farming techniques that could help turn around the ecological damages from big agriculture. One of the Gates favorite vacation homes is in the Yellowstone Club in Big Sky, Montana. Why should striking rail and postal workers get a big pay rise while our pay packets remain stagnant or worse? These shell companies have made it difficult to find out where and how much farmland the Gateses own even for local farmers, like John S. Quarterman, a farmer and landowner who grows okra, corn, squash and other vegetables in Lowndes County on the southern edge of Georgia. Except, it seems, when it comes to a private individual selling some land to iconic billionaire Bill Gates. Quarterman guessed that may be because Bill Gates isnt the one doing the farming. In addition, the land is audited to meet sustainability standards including soil health and water management. 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. This map shows that area as a rectangle that can be dragged. retail, office buildings, hotels and apartment complexes, rather than single-family homes, but he declined to provide a breakdown. 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. The potential is endless. That is a big chunk of land. The land we all live on should not be the sole property of a few. 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, the billionaire founder of Microsoft, has been revealed as the biggest private owner of farmland in the US, after buying up 242,000 acres in 18 states. Members of the Stanley family now work for Generations. 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. 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 . This is where a country sells land when the owner becomes delinquent on their property taxes. Bruere said some states such as Iowa enforce foreign ownership restrictions to prohibit foreign ownership or limit . The agriculture sector is important, he wrote. Bill Gates now owns almost 242,000 acres of the continguous USA. 4 For five generations, the Reed Family has owned and operated the logging company Green Diamond Resource Co. 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. Adding to the confusion, Blackstone was once a major investor in BlackRock, but sold off its stake in the 1990s. Wealth accumulation always goes hand-in-hand with exploitation and dispossession. 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. They own the soil where the potatoes in McDonalds french fries grow, the carrots from the worlds largest producer and the onions that Americans saut every night for dinner. Lets take a look at some of the reasons that land, particularly raw land, can be a good investment for Bill Gates or anybody else, including you. 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. Estate in Indian Wells, California: $12.5 Million. Farmers just aren't owning the assets anymore. 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. Last year, Bill and Melinda purchased a sprawling beachfront 6-bedroom, 4-bath home in Del Mar, Californiaoutside of San Diegofor $43 million. CNN founder Ted Turner owns 2 million acres of land largely in New Mexico, South Dakota, Nebraska, and Georgia. 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. So if now the best farmers can do if you want to stay in farming is rent this land, you're not going to get the benefits that come with land ownership.. 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 attraction that people have to investing in farmland is that it tends to be countercyclical to the stock market. 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. But that could soon change. There farmers primarily grow soybeans, rice, corn and cotton. Bill and Melindas main residenceand by far their most impressive homeis a massive compound in Medina, Washington nicknamed 'Xanadu 2.0' in a reference to Citizen Kane. 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. 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. The billionaire couple, in less than a. It may even be easier to sell smaller lots than it would be to market the entire portion of land that you invest in. Listen to article. Someone else is owning that asset, whether it's rented equipment or land. BILL Gates' $80billion property empire now hangs in the balance after he and his wife of 27 years announced they are divorcing. The third richest man on the planet doesnt have a green thumb. In fact, he reportedly owns more farmland than any other individual in America. 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. 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. Much of Turner's land is used as grazing land for over 50,000 head of buffalo . 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. Single-family homes are priced between $5-25 million. That's basically the motivation there. Malone made the decision to put billions of his wealth into land ownership after spending a summer working on a family farm in Pennsylvania. 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 option expires Oct. 31, 2024. 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. A 2018 purchase of 14,500 acres of prime eastern Washington farmland which is traditional Yakama territory for $171m helped him get that title. Marjorie Taylor Greene SHAMES Former . 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 and his investment team own more than 240,000 acres, as reported by Eric O'Keefe, including 2,167 acres in Michigan. But why do a handful of people own so much land? 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. Bill and Melinda Gates, who recently announced they're getting divorced and are dividing their assets, are deeply invested in American agriculture. There, on Gates parcels, an industrial farm grows potatoes for McDonalds french fries. Bill Gates has invested in various high-profile commercial properties through his personal investment company, Cascade. Well, youd think, if you're looking for somebody with enough capital to try that, he would go first. BlackRock is sometimes confused w/ Blackstone, which owned Invitation Homes. The Land Report revealed that Gates, who has a net worth of nearly $121 billion according to Forbes, has built up a massive farmland . And we think it will provide good inflation protection in the long run.

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