Except, it seems, when it comes to a private individual selling some land to iconic billionaire Bill Gates. A 2018 purchase of 14,500 acres of prime eastern Washington farmland which is traditional Yakama territory for $171m helped him get that title. You just have to keep it relatively clean, mow it, and pay property taxes. Behind Gates in terms of investment in farmland are the cofounders of the Wonderful Company, Stewart and Lynda Resnick, with 190,000 acres. Bill Gates does not own the majority of U.S. farmland. By But theyre far better known for their work in tech and in trying to save the climate. Gates and his investment team own more than 240,000 acres, as reported by O'Keefe, including 2,167 acres in Michigan. 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. 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. The average person has nothing in common with mega-landowners like Bill Gates or Ted Turner. The 1862 Homestead Act opened up 270m acres of Indigenous territory which amounts to 10% of US land for white settlement. 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 a tiny fraction of all such homes. Our inventory spans mostly in the western United 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. The acquisitions are held directly, as well as through Gates' personal investment entity, Cascade Investments. 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. In fact, Gates is the owner of over 270,000 acres of farmland, which is worth over $700 million! The title for largest landholdings overall goes to US businessman John Malone, chairman of Liberty Media, who owns 2.2million acres. 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. The conservation of lands is important, he said. ', Cascade did not elaborate on the agricultural land purchases other than to say that the company is 'very supportive of sustainable farming.'. The outlet reported this week that Gates, 65, owns 268,984 acres of. More surprising, however, was the fact that Bill and Melinda Gates own more private farmland . 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. BlackRock also does not own the majority of the countrys 80 million single-family homes. 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 billionaire Microsoft co-founder has become the largest owner of farmland in the. 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. The Land Report revealed that Gates, who has a net worth of nearly $121 billion according to Forbes, has built up a massive farmland . He now owns more farmland than my entire Native American nation. 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. The land that Gates owns is located in several states and consists primarily of commercial farmland. In 2009, the Gates' reportedly purchased a ranch in Wyoming that once belonged to Buffalo Bill Cody. 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. Weve been trained by experience, land acquisition courses, and hundreds of hours meeting with county assessors and clerks, zoning officials, realtors, and land investors. FILE - Bill Gates attends a discussion during the 'Munich Security Conference' in Munich, Germany, Friday, Feb. 18, 2022. Bill Gates may no longer be the worlds richest man, but he can claim a new title: Americas farmland king. You can also look at local resources in your area to see where land is being bought or sold. , said his investment group was behind the purchases, and suggested it was linked to seed and biofuel development. 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. Starting in 2012, Gates investment firm began buying family farms in South Georgia. 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. Can you imagine having that much property? Thanks for contacting us. So why did the Land Report, Our History Is the Future: Standing Rock Versus the Dakota Access Pipeline, and the Long Tradition of Indigenous Resistance. Seems like there could be a lot to benefit more of their charities by selling some of this off. In 1994 Bill and Melinda Gates are said to have hired Michael Larson to help them diversify their property portfolio. 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.. BILL Gates' $80billion property empire now hangs in the balance after he and his wife of 27 years announced they are divorcing. You may have heard that Bill Gates owns a lot of land, but you may not know how much. The billionaire says he purchased the land because they are not making it 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. Arable land is not just profitable. His firms largest farmland acquisition happened in 2017, when it acquired 61 farming properties from a Canadian investment firm to the tune of $500m. He also owns three hotels in Dublin, Ireland, and a fourth in Limerick. 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). 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. Michelle, has two of its largest vineyards in that AVA: Canoe Ridge Vineyard and Columbia Crest Vineyard. Our exposure to Invitation Homes is owning its stock in mutual funds we manage, not buying houses w/ them,. There farmers primarily grow soybeans, rice, corn and cotton. 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. "The agriculture sector is important. Bruere said some states such as Iowa enforce foreign ownership restrictions to prohibit foreign ownership or limit . This will always be true, no matter where the land is. In six years that number has more than doubled. Gates, in an Ask Me Anything session on Reddit last year, said his investment group was behind the purchases, and suggested it was linked to seed and biofuel development. Almost 300,000 acres is a lot of land for one family or private individual to own, but it's still just a. Land holds ample opportunities for growth and development, yet you may find that there is more land than there is competition. In north Louisiana, the Gateses investment firm owns about 70,000 acres of land through at least three other shell companies. Gates shares ownership with Saudi Prince Alwaleed bin Talalthe two purchased the chain in 2007 for $3.8 billion. (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. The price makes this one of the most expensive home sales in this part of California ever. Land holds ample opportunities for growth and development, yet you may find that there is more land than there is competition. 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. 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.. The land that Bill Gates owns is used to grow soybeans, corn, cotton, and rice over 70,000 acres in northern Louisiana. They said farmland has been a popular investment for a long time because of its stability. 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. That was a virus I got from Ted Turner.. Some of that land, including nearly 300 acres, was sold in 2019 to the California-based Grimmway Farms, the worlds largest carrot producer. Someone else is owning that asset, whether it's rented equipment or land. Since then, weve sold to dozens of people from ATV weekend warriors to camping enthusiasts to retired truck drivers. Gates and his wife own 269,000 acres of farmland. The Microsoft co-founder faced several claims that he owned a majority of Americas farmland earlier this year. 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. Since 2017 he reportedly holds a significant stake in 24,800 acres of land on the west side of Phoenix. He never did anything that different from before he got here and what other farmers were doing nearby.". 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. 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. 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. So why did the Land Report dub him Farmer Bill this year? 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. When Bill Gates, or whatever other investment arm owns the land, a farmer still needs to farm it. Dailymail.com Reporter 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. He owns 242,000 acres, which is equivalent to the area of Fannin County GA. Malone's 2.2 million acres are largely located in Maine, New Mexico, Colorado, and Wyoming and include profitable cattle ranches. Bill Gates currently owns over 268,000 acres of American farmland spread out over 19 states. 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. In total, Malone owns roughly 2.2million acres of land and has a net worth of around $9.22billion, earning him the nickname the Cable Cowboy.. - Bill and Melinda Gates are taking on the new title of the biggest farmland owners in the United States, with a good chunk of that ownership being in Arkansas. But that could soon change. The Gates family currently [] In total, Bill and Melinda Gates have acquired land in more than a dozen states. Bill and Melinda bought this massive mansion in the Coachella Valley for $12.5 million in 1999. One of the largest plots of land owned by a subsidiary of the Gateses investment arm in Louisiana, Angelina Plantation, was previously owned by former WorldCom CEO Bernard Ebbers, who died last year, a month after being released from prison. Lemmon Holdings, the billionaire spent $80 million to purchase. They accounted for almost 1% of the agricultural land in the United States. 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 . It is possible to make high double digit returns on land that you bought for an affordable price only a few years prior. Its a hedging strategy, said Daniel Bigelow, a professor of agricultural economics at Montana State University, who previously served as a USDA research economist. Malone made the decision to put billions of his wealth into land ownership after spending a summer working on a family farm in Pennsylvania. In terms of agriculture and his practices Bill Gates, Microsoft billionaire, may be more than . Bill and Melinda have purchased numerous properties in Wellington, Florida, over the years. Its uncertain why Gates has invested in so much farmland or how his tracts are currently being used. 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 Gates uses farmland as investment vehicle, owning 269,000 acres of land. According to landreport.com, the Gates family has a total of 242,000 in farmland acreage in the United States. The land we all live on should not be the sole property of a few. Weve never been one of the big institutional buyers of single family homes, BlackRock, single-family rentals nationwide. Properties up for grabs include a $123million mansion with a trampoline room and a $43million oceanfront mansion with a ten-person jacuzzi. 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. Bill Gates is the largest private owner of American farmland, which is why so many people are wondering what he will use it for. It also offers proven return rates. 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 . In Nebraska where he owns 20,000 acres, it is used for soybeans. Kroenke is married to Ann Walkton Kroenke, an heiress to the Wal-Mart fortune. The agriculture sector is important, he wrote. While land is a limited resource, there is still less competition for raw land than there is with residential and commercial real estate. 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. 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. Gates is not the only billionaire on The Land Report 's list of top private farmland owners. Can You Build A Wedding Venue On Residential Land? He owns 2m acres and has the worlds largest privately owned buffalo herd. But they're just renting it. 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. Bill Gates top private farmland owner in US. 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). 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. Farmland can be an investment in several ways. The 14,000 acres in Washington is used for potatoes and in Florida the land is used for carrots. BlackRock, meanwhile, is also not the owner of the majority of single family houses in the country. Weve answered hundreds of questions from people regarding the buying and use of land. TRENDING: OUCH! Bill Gates has never been a farmer. The tech mogul, who is the. 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. The United States is defined by the excesses of its ruling class. The map shows a 242,000 acre square situated over New York. Gates diversified his investment portfolio through land ownership, but why? *According to figures compiled by The Land Report in 2019. 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 . But, As of February 2021, Gates has made headlines across the wor. 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. (AP Photo/Michael Probst, File ), Connect with the definitive source for global and local news. the latest American Housing Survey by the Census Bureau. An NBC News analysis also identified Gates as the largest farmland owner in the US. Quarterman also serves as the Suwannee Riverkeeper and advocates for conservation of the intricate network of springs and rivers in the region, where water from the swamps of Georgia flow into Florida before they release into the Gulf of Mexico. The Microsoft co-founder acquired 14,500 acres of the fertile land in 2018, helping to make him the largest private farmland owner in the US, with total holdings of almost 250,000 acres,. 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. APS ASSESSMENT: False.

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