Is Bill Gates your farming neighbor? - Farm Progress Bill Gates is the largest farmland owner in America: report - New York Post 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." That crown belongs to Liberty Media chairman John Malone, who has 2.2 million acres, according to The Land Report. He owns 242,000 acres, which is equivalent to the area of Fannin County GA. There are also growing trends revolving around the purchase of low acreage farmland and noncommercial farming. Weve been trained by experience, land acquisition courses, and hundreds of hours meeting with county assessors and clerks, zoning officials, realtors, and land investors. Many people wonder why Bill Gates would make these moves with his investment portfolio. Land can produce food, fuel, and manufacturing materials as well as provide environmental services, residential spaces, and more. As the population grows in large cities, some people will inevitably want to move to the country. That makes Invitation Homes the, largest operator of single-family rental homes in the country, but still represents, BlackRock also suggested it was being confused for the similarly-named i. nvestment management firm Blackstone, which until recently owned Invitation Homes. Our exposure to Invitation Homes is owning its stock in mutual funds we manage, not buying houses w/ them, BlackRock tweeted. The six-bed Del Mar home, which boasts a ten-person jacuzzi and swimming pool overlooking the ocean, was bought by the couple in late Marchas the international coronavirus pandemic began to take hold. 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. 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. The land that Bill Gates owns is used to grow soybeans, corn, cotton, and rice over 70,000 acres in northern Louisiana. According to 2021 article from the Land Report, a magazine about land ownership, Gates owns approximately 242,000 . Our inventory spans five western states. Private Residence at the Yellowstone Club in Big Sky, Montana: Estimated $5-25 Million. With more productive seeds we can avoid deforestation and help Africa deal with the climate difficulty they already face. The United States is defined by the excesses of its ruling class. AP'S ASSESSMENT: False. Marjorie Taylor Greene SHAMES Former . Here is the . 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. 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. Why Is Bill Gates Buying Farmland? You'll be Surprised - Land Income (Stephen Osman / Los Angeles Times via AP file), The buildings of the 100 Circles Farm are at the center of this satellite image. In addition, the land is audited to meet sustainability standards including soil health and water management. Do whatever you want to with the land as the value increases. 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. buying an increasing share of the U.S. housing market. Mason notes that trying to draw hard lines between ones philanthropic work and ones investments does not work. 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. An NBC News analysis also identified Gates as the largest farmland owner in the US. Adding to the confusion, Blackstone was once a major investor in BlackRock, but sold off its stake in the 1990s. Bill Gates is now the largest private landowner in the country. In Washington, the Gateses own more than 14,000 acres of farmland that includes potato fields so massive that they are visible from space and some of which are processed into french fries for McDonalds. In Nebraska where he owns 20,000 acres, it is used for soybeans. 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. Bill and Melinda Gates Own 70,000 Acres of Louisiana Farmland; What 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. Bill Gates Is America's Largest Private Owner of Farmland - Breitbart Weve answered hundreds of questions from people regarding the buying and use of land. 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. But that could soon change. 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). 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. 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. 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. And not all the renters are local. The Microsoft co-founder and his former wife, Melinda, are the top farmland owners in. 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. ', 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.'. Bill Gates was also an early investor in fake-meat companies aiming to combat the environmental harms of raising livestock by creating more convincing, plant-based alternatives. 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. 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. At this valuation, Gates likely paid close to $2 billion for the luxury-hotel business. When Quarterman first heard about Gates firm buying land in the area, he began digging through local property records, linking addresses and business records from registered owners to Kirkland-based companies, until he was able to piece together that the companies buying multiple tracts of land in the Suwannee River Basin were all a shell of a shell of a shell company investing for Bill Gates. NBC News independently confirmed that there were, in fact, shell companies tracing back to Gates firm that purchased 6,021 acres across four counties in Georgia. Wealth accumulation always goes hand-in-hand with exploitation and dispossession. 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. *According to figures compiled by The Land Report in 2019. Bill and Melinda Gates, who recently announced theyre getting divorced and are dividing their assets, are deeply invested in American agriculture. Gates shares ownership with Saudi Prince Alwaleed bin Talalthe two purchased the chain in 2007 for $3.8 billion. So why did the Land Report dub him Farmer Bill this year? We are no longer accepting comments on this article. The Microsoft co-founder faced several claims that he owned a majority of Americas farmland earlier this year. 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. When pressed during a book discussion on Reddit about why hes gobbling up so much farmland, Gates claimed, It is not connected to climate [change]. The decision, he said, came from his investment group. Cascade Investment, the firm making these acquisitions, is controlled by Gates. A Grimmway Farms employee moves a water pipe at one of their carrot farms in the Antelope Valley near Lancaster, Calif., in 2004. Although the sale price has never been made public, the 492-acre home was listed for $8.9 millionand we cant imagine Bill and Melinda doing much haggling. Financial titans like Prudential and Hancock have divisions specifically for investors looking to make money on farmland portfolios. 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. Bill Gates may no longer be the worlds richest man, but he can claim a new title: Americas farmland king. 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. But, As of February 2021, Gates has made headlines across the wor. It is unclear how cheap biofuels can be but if they are cheap it can solve the aviation and truck emissions.. He never did anything that different from before he got here and what other farmers were doing nearby.". Why is Bill Gates buying up US farmland? - DW - 04/09/2021 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 . One of the Gates' favorite vacation homes is in the Yellowstone Club in Big Sky, Montana. 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. 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. Bill Gates owns more land than all of the entire city of New Why Bill Gates Is Buying Up U.S. John Malone is the largest private landowner in the United States. Bill Gates is in the money flow business, and farmland, as well as other land, can generate a lot of money. Stan Kroenke: Land area: 1.4 million acres. Weve been trained by experience, land acquisition courses, and hundreds of hours meeting with county assessors and clerks, zoning officials, realtors, and land investors. The 1862 Homestead Act opened up 270m acres of Indigenous territory which amounts to 10% of US land for white settlement. Why Is Bill Gates Buying So Much Farmland? - Farmland Riches Weve never been one of the big institutional buyers of single family homes, BlackRock, single-family rentals nationwide. The firm is a shareholder in Dallas-based Invitation Homes, which owns nearly 80,000 single-family rentals nationwide. 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., ill Gates has never been a farmer. 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. 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. Bill and Melinda bought this massive mansion in the Coachella Valley for $12.5 million in 1999. 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. Dailymail.com Reporter The January 11 issue of The Land Report is worth reading. (AP Photo/Michael Probst, File ), Connect with the definitive source for global and local news. 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. 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. 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. These states include: Arizona - 25,750 acres; Arkansas - 47,927 acres 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. retail, office buildings, hotels and apartment complexes, rather than single-family homes, but he declined to provide a breakdown. Members of the Stanley family now work for Generations. 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. 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. Gates and his wife own 269,000 acres of farmland. The worlds richest 1% emit double the carbon of the poorest 50%, an 2020 Oxfam study found. Farmland CNBC 2.94M subscribers Subscribe 47K 4.5M views 1 year ago #CNBC Bill Gates made. 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. Bill and Melinda Gates' divorce puts massive farmland holdings in focus The family's 1.7 million acres of land are primarily spread across Washington, Oregon, and California. The Gates Foundation said in a statement that its agriculture efforts do not extend to farming in the U.S. Farmers just aren't owning the assets anymore. Gates is not the only billionaire on The Land Report 's list of top private farmland owners. You may also be interested in why a billionaire wants land. After all, few can out-bid Bill Gates. Bill Gates uses farmland as investment vehicle, owning 269,000 acres of land. 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. One of the Gates favorite vacation homes is in the Yellowstone Club in Big Sky, Montana. Kroenke is married to Ann Walkton Kroenke, an heiress to the Wal-Mart fortune. It is possible to make high double digit returns on land that you bought for an affordable price only a few years prior. 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. The average person has nothing in common with mega-landowners like Bill Gates or Ted Turner. ', Cascade did not elaborate on the agricultural land purchases other than to say that the company is 'very supportive of sustainable farming.'. In this country, enslaved Black labor first built US wealth atop stolen Native land. In fact, this also means that you may not even have to apply for a loan to start the investment! 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. . 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.. Although the price that the Gates paid for this property was never made public, theres a $300,000 initiation fee, and more than $37,000 in annual feesand you still have to purchase a home within the community. 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. But farmer advocates say the Gateses large-scale farm purchases dont make room for smaller farmers to break into the market. | Photo by Wikimedia Commons . America's Biggest Owner Of Farmland Is Now Bill Gates - Forbes 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. Buffalo Bill Cody's Ranch in Cody, Wyoming: Undisclosed Sale Price (Listed for $8.9 Million). 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.
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