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. And not all the renters are local. CNN founder Ted Turner owns 2 million acres of land largely in New Mexico, South Dakota, Nebraska, and Georgia. While he owns nearly half of the Four Season Holding's hotel chain through Cascade, he also has partial ownership of Charles Hotel in Cambridge, Massachusetts. What Land Does Bill Gates Own In Michigan? - PartyShopMaine 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. While Gates owns nearly 270,000 acres of farmland across the US, he isnt the largest landowner in the country. 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. The billionaire says he purchased the land because they are not making it anymore.. According to 2021 article from the Land Report, a magazine about land ownership, Gates owns approximately 242,000 . The billionaire media mogul Ted Turner epitomizes such disparities. 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. U.S. Census Bureau data shows fewer than 20% of such properties are rentals, and the vast majority of those are owned by individual investors, not institutional investors like BlackRock. 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. Theres a more cynical calculation. Bill Gates does not own the majority of U.S. farmland. Gates shares ownership with Saudi Prince Alwaleed bin Talalthe two purchased the chain in 2007 for $3.8 billion. But that could soon change. 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. Apparently Bill Gates now owns almost 242,000 acres of land in the United States. That land is now largely rented out to various farmers. Starting in 2012, Gates investment firm began buying family farms in South Georgia. Bill and Melinda have purchased numerous properties in Wellington, Florida, over the years. Farmland can be an investment in several ways. He also purchased the 800-acre Bridlewood Farms in Florida. His 242,000 acres of farmland stretch across 18 states from Washington to Florida,. There, on Gates parcels, an industrial farm grows potatoes for McDonalds french fries. Leading Harvest requires farmland owners to work to continuously improve soil health, biodiversity, and water, air and crop quality on their farms as well as contribute positively to local communities, comply with regulations, and provide a safe and respectful working environment for employees, Zehren said. All that farming has led to large water withdrawals from Florida's aquifer system and requires fertilizer, which leaches through the ground into waterways, emptying nitrogen that has led to destructive algae blooms and severe loss of fish and marsh habitats. 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. And we think it will provide good inflation protection in the long run. In Nebraska where he owns 20,000 acres, it is used for soybeans. Follow Bill Gates: Do Not Invest In Tech, Invest In Farmland - Gizchina.com Bill Gates now owns almost 242,000 acres of the continguous USA. Bill Gates is best known for revolutionizing personal computing, but lately he's gotten back to the land. Black, Mexican, Asian, and Native people, of course, were categorically excluded from the benefits of a federal program that subsidized and protected generations of white wealth. 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. 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. Much of Turner's land is used as grazing land for over 50,000 head of buffalo . Our exposure to Invitation Homes is owning its stock in mutual funds we manage, not buying houses w/ them, BlackRock tweeted. Can you imagine having that much property? Since it works as an investment for him, it also includes the benefits of using land as an investment like he does. Land will likely never be a bad investment, as long as the land is healthy and properly located. But billionaire class assertions that they are philosopher kings and climate-conscious investors who know better than the original caretakers are little more than ruses for what amounts to a 21st century land grab with big payouts in a for-profit economy seeking green solutions. 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. Small farmers and Indigenous people are more cautious with the use of land. 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. 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. It makes no sense.. 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. Bill and Melinda Gates own 70,000 acres of Louisiana farmland - NOLA 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. The billionaire knows best mentality detracts from the deep-seated realities of colonialism and white supremacy, and it ignores those who actually know best how to use and live with the land. Weve never been one of the big institutional buyers of single family homes, BlackRock said in response to one tweet. According to the Land Report in 2021, the Gateses had 242,000 acres of farmland, 1,234 acres or recreational land, and 25,750 acres of land that was in transition from farmland to residential and . Map reveals which billionaire owns largest amount of land in US - and BILL Gates' $80billion property empire now hangs in the balance after he and his wife of 27 years announced they are divorcing. In north Louisiana, the Gateses investment firm owns about 70,000 acres of land through at least three other shell companies. Bill Gates shoots down rumored Chinese link to N.D. farmland Gates diversified his investment portfolio through land ownership, but why? 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. Malone owns several ranching and real estate businesses predominantly in Maine, New Mexico, Colorado and Wyoming. Bill and Melinda Gates also cracked the Land Report's Top 100 Landowners for the first time coming in at number 49. After all, few can out-bid Bill Gates. Does Bill Gates Own the Majority of US Farmland? | Snopes.com 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. Properties up for grabs include a $123million mansion with a trampoline room and a $43million oceanfront mansion with a ten-person jacuzzi. 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. That could spell an opportunity for young farmers hoping to get their start, but for savvy investors scrambling for more places to put their money, it also represents an opportunity. 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 agriculture sector is important, he wrote. Additionally, through his personal investment firm, Cascade, Bill Gates owns approximately half of the Four Season Holdings' hotel chain. Its a hedging strategy, said Daniel Bigelow, a professor of agricultural economics at Montana State University, who previously served as a USDA research economist. The 14,000 acres in Washington is used for potatoes and in Florida the land is used for carrots. Social media users are falsely claiming that Gates owns the majority of U.S. farmland. Bill and Melinda Gates' divorce puts massive farmland holdings in focus (Stephen Osman / Los Angeles Times via AP file), The buildings of the 100 Circles Farm are at the center of this satellite image. The average person has nothing in common with mega-landowners like Bill Gates or Ted Turner. North Dakotans Freak Over Bill Gates Land-Buying Mystery - Yahoo! Gates . 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. 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. The United States is defined by the excesses of its ruling class. In emails, BlackRock spokesman Christopher Beattie told The Associated Press that the firm. According to Forbes, the worlds billionaires saw their wealth swell by $1.9tn in 2020, while more than 22 million US workers (mostly women) lost their jobs. (Ruth Fremson/The New York Times) (Ruth Fremson / The New York Times via Redux Pictures), John Quarterman on his farm in Lowndes County, Ga. (Matt Odom / for NBC News), John Quarterman stands by the Withlacoochee River. | Photo by Wikimedia Commons . 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. In every state where the Gateses own land, a tangled web of locally registered limited liability companies follow. He now owns more farmland than my entire Native American nation. jwz: Bill Gates' Land Ownership Published: 18:36 ET, Dec 8 2022 Updated: 10:03 ET, Dec 9 2022 A MAP has revealed which billionaire owns the largest amount of land in the US - you'll be shocked to know that it isn't Bill Gates. The land we all live on should not be the sole property of a few. Recently, an article in Land Report stated that Bill Gates owns more American farmland than anyone else. if(typeof ez_ad_units!='undefined'){ez_ad_units.push([[300,250],'askbamland_com-box-4','ezslot_4',104,'0','0'])};__ez_fad_position('div-gpt-ad-askbamland_com-box-4-0'); Well, why would you think that a billionaire would want to own land? 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 has invested in various high-profile commercial properties through his personal investment company, Cascade. For five generations, the Reed Family has owned and operated the logging company Green Diamond Resource Co. 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. The Microsoft co-founder faced several claims that he owned a majority of America's farmland earlier this year. But he didn't, Quarterman said. 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. ', Cascade did not elaborate on the agricultural land purchases other than to say that the company is 'very supportive of sustainable farming.'. You can also fill out the contact form below if you are interested in buying or selling land. 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. 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.. What expertise in climate science or agriculture Gates possesses beyond being filthy rich is anyones guess. And while Bill Gates frets about eating cheeseburgers in his book for the amount of greenhouse gases the meat industry produces largely for the consumption of rich countries his massive carbon footprint has little to do with his personal diet and is not forgivable by simply buying more land to sequester more carbon. That was a virus I got from Ted Turner.. The billionaire Microsoft co-founder has become the largest owner of farmland in the. Behind Gates in terms of investment in farmland are the cofounders of the Wonderful Company, Stewart and Lynda Resnick, with 190,000 acres. 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. Media billionaire Ted Turner has also invested in 2 million acres of land (much of it rangeland and prairie, rather than cropland) and earned the distinction of being the largest private owner of buffalo herds that roam the 200,000 acres of his private ranch, The Guardian reported. The couple also snapped up an oceanfront home in San Diego County, California, last year, for a record making $43 million. What Is The Banking Process To Buy Raw Land, Price Of Agricultural Land In The Philippines. the latest American Housing Survey by the Census Bureau. 2021 Land Report: Who owns the most land in the United States? The acquisitions are held directly, as well as through Gates' personal investment entity, Cascade Investments. The Gates Rancho Santa Fe estate was purchased in 2014 because of its horse stables and proximity to a local race horse track. Gates' purchase averaged $12,000 per acre. Single-family homes are priced between $5-25 million. BlackRock, meanwhile, is also not the owner of the majority of single family houses in the country. The value depends on a lot of factors including location, type of land, acreage, supply, demand, and more. It also offers proven return rates. 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. According to landreport.com, the Gates family has a total of 242,000 in farmland acreage in the United States. Bill Gates investment company, Cascade Investments, has invested in hundreds of thousands of acres of farmland in the last 10 years. A white man owns more farmland than my entire Native nation! 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. These billionaires have nothing to offer us in terms of saving the planet unless its our land back. 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. In 2014, he reportedly purchased more than 4,500 acres in Suwannee County, Florida, for nearly $28 million. This means that there is not much to maintain on it unless you want to add your own buildings or other property. The Case for Bill Gates: Microsoft Corp co-founder is largely considered the biggest private owner of farmland in the U.S. with nearly 270,000 acres. 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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. A Grimmway Farms employee moves a water pipe at one of their carrot farms in the Antelope Valley near Lancaster, Calif., in 2004. Bill and Melinda have diversified their portfolioworth more than $130 billionfor years, and one of their favorite investments is real estate. Public records suggest Cascade Investments has bought its farmland through a web of at least 22 limited liability shell companies across the country. 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 a U.S. Department of Agriculture report from February that showed there were more than 895 million total acres of farmland in the country last year. One of those farms, Stanley Farms, specialized in Vidalia onions, and another, Coggins Farms, focused on growing carrots. That crown belongs to Liberty Media chairman John Malone, who has 2.2 million acres, according to The Land Report. Last year, Bill and Melinda purchased a sprawling beachfront 6-bedroom, 4-bath home in Del Mar, Californiaoutside of San Diegofor $43 million. Why Is Bill Gates Buying Farmland? You'll be Surprised - Land Income If you said investment, then you are right. buying an increasing share of the U.S. housing market. In terms of agriculture and his practices Bill Gates, Microsoft billionaire, may be more than . The opportunities are virtually endless. 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. (AP Photo/Michael Probst, File ), Connect with the definitive source for global and local news. That's one of the many takeaways from the 2021 Land Report 100, which is compiled each year by Land Report magazine. Michelle, has two of its largest vineyards in that AVA: Canoe Ridge Vineyard and Columbia Crest Vineyard. Stan Kroenke: Land area: 1.4 million acres. 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. They add it will take those with large parcels of land, like the Gateses U.S. farmland holdings, to do it. 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. Bill Gates' 242,000 Acres of Farmland Could Be Split in Divorce 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. 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. Why aren't they giving more? Malone made the decision to put billions of his wealth into land ownership after spending a summer working on a family farm in Pennsylvania. How much property does Bill Gates own? - Housing News Bill Gates is in the money flow business, and farmland, as well as other land, can generate a lot of money. 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 fact it is so big that it is a little hard to conceptualize. Farmland offers a strategy that is completely separated from his other wealth and investments. Gates and his investment team own more than 240,000 acres, as reported by Eric O'Keefe, including 2,167 acres in Michigan. . Bill Gates, one of the most powerful billionaires in the world and co-founder of tech giant Microsoft, and wife Melinda are ending their 27-year marriage, the two tweeted in unison on Monday. Land is power, land is wealth, and, more importantly, land is about race and class. The land that Gates owns is located in several states and consists primarily of commercial farmland. Bill Gates owns more land than all of the entire city of New Why Bill Gates Is Buying Up U.S. The Gates Foundation said in a statement that its agriculture efforts do not extend to farming in the U.S. 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. This number stems from last year's edition of . In fact, he owns some of the land that produces potatoes used to make McDondalds french fries. The land that Bill Gates owns is used to grow soybeans, corn, cotton, and rice over 70,000 acres in northern Louisiana. Not only is it usable by you, but land can be used for so many different things. 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. A 2014 Wall Street Journal profile of Larson, Cascade's chief investment officer, hinted at the beginning of that portfolio, after 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.'. In January 2021, Bill Gates became the largest owner of farmland in the United States. At this valuation, Gates likely paid close to $2 billion for the luxury-hotel business. The worlds richest 1% emit double the carbon of the poorest 50%, an 2020 Oxfam study found. The agency further found that over 50 percent of cropland is rented to farmers who dont own their land. Beach House in Del Mar, California: $43 Million. 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!' Learn more about fact-checking at AP. The 1862 Homestead Act opened up 270m acres of Indigenous territory which amounts to 10% of US land for white settlement. Our inventory spans mostly in the western United States. 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. 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. The 14,000 acres in Washington is used for potatoes and in Florida the land is used for carrots. In six years that number has more than doubled. They said farmland has been a popular investment for a long time because of its stability. Bill Gates was quietly becoming the biggest private owner of farmland in the United States. He owns 242,000 acres, which is equivalent to the area of Fannin County GA. Why Bill Gates is the largest private farmland owner in the - Vox 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. The largest. In this country, enslaved Black labor first built US wealth atop stolen Native land. 5. He owns 2m acres and has the worlds largest privately owned buffalo herd. He hoped Gates would have invested in different farming techniques that could help turn around the ecological damages from big agriculture. 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. 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.
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