Wealth accumulation always goes hand-in-hand with exploitation and dispossession. *According to figures compiled by The Land Report in 2019. It may even be easier to sell smaller lots than it would be to market the entire portion of land that you invest in. These states include: Arizona - 25,750 acres; Arkansas - 47,927 acres Another 5,500 acres was sold to Generation Land Georgia, a company that shares an address with Miami-based Optimum Agriculture, which bought Generations Farms in 2019. Some of that land, including nearly 300 acres, was sold in 2019 to the California-based Grimmway Farms, the worlds largest carrot producer. You may also be interested in why a billionaire wants land.if(typeof ez_ad_units!='undefined'){ez_ad_units.push([[300,250],'askbamland_com-medrectangle-3','ezslot_2',102,'0','0'])};__ez_fad_position('div-gpt-ad-askbamland_com-medrectangle-3-0'); Bill Gates is one of the largest farmland owners in the United States. 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. While Gates owns nearly 270,000 acres of farmland across the US, he isnt the largest landowner in the country. 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. of the richest people in the country, owns less than one percent of the nations total farmland. How the Mormon Church Beat Bill Gates in a Battle - The Daily Beast Bill Gates Doesn't Own That Much Farmland | Aaron Smith | 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. It is unclear how cheap biofuels can be but if they are cheap it can solve the aviation and truck emissions.. The billionaire Microsoft co-founder has become the largest owner of farmland in the. Private Residence at the Yellowstone Club in Big Sky, Montana: Estimated $5-25 Million. 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. They add it will take those with large parcels of land, like the Gateses U.S. farmland holdings, to do it. 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. Except, it seems, when it comes to a private individual selling some land to iconic billionaire Bill Gates. This is where a country sells land when the owner becomes delinquent on their property taxes. Our inventory spans mostly in the western United States. The worlds richest 1% emit double the carbon of the poorest 50%, an 2020 Oxfam study found. The value depends on a lot of factors including location, type of land, acreage, supply, demand, and more. Bill Gates top private farmland owner in US. Why aren't they giving more? The opportunities are virtually endless. How Much Land Does Bill Gates Own? | askBAMLand Now you have a foundation where the mission on one side is to save the world and to do all these wonderful things surrounding climate, and on the other side theyre investing in the exact same things that are causing the harm that the mission side is trying to protect, Mason said. 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." Behind Gates in terms of investment in farmland are the cofounders of the Wonderful Company, Stewart and Lynda Resnick, with 190,000 acres. Do whatever you want to with the land as the value increases. Gates owns almost 9,000 acres in Ohio, just over 9,000 acres in Indiana, nearly 18,000 in Illinois, but only 552 acres in Iowa. These land holdings are separate from their previous investments in companies that support large-scale farming like Monsanto and the tractor manufacturer John Deere. Xanadu 2.0 in Medina, Washington: Estimated $140-170 Million, Source: Steve Ringman / The Seattle Times. While most people do not have the ability to buy hundreds of thousands of acres of farmland like Bill Gates, anybody can look at land as an investment opportunity to take advantage of. In 2010 the Gates Foundation Trust invested about $23 million in Monsanto, the genetically modified seed and chemical company, though it sold its shares the next year following outcry from environmental groups. . The couple also snapped up an oceanfront home in San Diego County, California, last year, for a record making $43 million. The price makes this one of the most expensive home sales in this part of California ever. Several Properties in Wellington, Florida: $27.2 Million (Total). While land is a limited resource, there is still less competition for raw land than there is with residential and commercial real estate. Weve never been one of the big institutional buyers of single family homes, BlackRock said in response to one tweet. Estate in Indian Wells, California: $12.5 Million. 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. We are no longer accepting comments on this article. The biggest shift in recent years from small to big farms was in the US. Bill Gates has secured legal approval for his North Dakota farmland purchase But the deal drew scrutiny under a 1932 anti-corporate farm ownership law Now state AG says the deal is legal, because . In Georgia and Florida, NBC News independently confirmed through research of property records that the Gateses investment firm owns more than 7,000 acres through two limited liability companies, Lakeland Sands and Lakeland Sands Florida, LLC. Renewable energy company Savion has an option to buy the property for what is being called Oak Run Solar Project, according to Madison County property records. 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. 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. About 40 percent of farmland is owned by seniors 65 or older, according to 2014 estimates by the U.S. Department of Agriculture, meaning more farmland is expected to come on the market soon. Residents Furious When Bill Gates Swoops in to Buy Huge - Futurism TRENDING: OUCH! 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. 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 Bill Gates is the largest private farmland owner in the - Vox APS ASSESSMENT: False. When Bill Gates, or whatever other investment arm owns the land, a farmer still needs to farm it. 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 that could soon change. Bill Gates investment company, Cascade Investments, has invested in hundreds of thousands of acres of farmland in the last 10 years. Bill Gates shoots down rumored Chinese link to N.D. farmland The Associated Press reports that last week, billionaire Microsoft founder Bill Gates was cleared to purchase 2,100 acres of rural North Dakota farmland. Through his subsidiary Mt. The third richest man on the planet doesnt have a green thumb. Last year, Bill and Melinda purchased a sprawling beachfront 6-bedroom, 4-bath home in Del Mar, Californiaoutside of San Diegofor $43 million. You may have heard that Bill Gates owns a lot of land, but you may not know how much. . Renewable energy company Savion has an option to buy the property for what . If you said investment, then you are right. McDonald's french fries, carrots, onions: all of the foods that come The title for largest landholdings overall goes to US businessman John Malone, chairman of Liberty Media, who owns 2.2million acres. Bill Gates' North Dakota Land Purchase Sparks Questions Online - Newsweek 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. 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. 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. 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. 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. Brittany has been in the land business since 2020 when the world was starting to shut down. The Microsoft co-founder faced several claims that he owned a majority of America's farmland earlier this year. 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. He added: 'In addition, the states oldest winery, Chateau Ste. The company also took to Twitter to reject the false narrative. Bill Gates Approved to Buy Acres of Farmland in North Dakota - IJR In Nebraska where he owns 20,000 acres, it is used for soybeans. Bill Gates owns more private farmland in the US than anyone else, an analysis by The Land Report found. The conservation of lands is important, he said. 2021 Land Report: Who owns the most land in the United 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. 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. 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. 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. 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. Lemmon Holdings, the billionaire spent $80 million to purchase. The farmland was purchased through a constellation of companies that all link back to the couples investment group, Cascade Investments, based in Kirkland, Washington. Through Sierra Pacific, the family owns some 2 million acres in California and Washington. Which is where the Bill Gates' Land Ownership interactive map comes in. North Dakotans Freak Over Bill Gates Land-Buying Mystery - Yahoo! Arable land is not just profitable. Exactly How Much Farm Land Does Bill Gates Own? It's More Than Any 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. And the firm said its very supportive of sustainable farming. Bill Gates has invested in various high-profile commercial properties through his personal investment company, Cascade. In other words, when the economy is struggling, the value of farmland generally doesnt depreciate. Bill Gates had managed to purchase nearly 269,000 acres of land in more than 12 states in the US. Gates' achievement, according to the report, is that he's largest private owner of farmland in the US. One per cent of the worlds farms control 70% of the worlds farmlands, one report found. 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. Bill Gates may no longer be the worlds richest man, but he can claim a new title: Americas farmland king. That is a big chunk of land. 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. Fact Check-Bill Gates doesn't own most U.S. farmland - Reuters 23:06 GMT 15 Jan 2021 Mansion in Rancho Santa Fe, California: $18 Million. Bruere said some states such as Iowa enforce foreign ownership restrictions to prohibit foreign ownership or limit . A few years ago, Bill Gates has announced plans to build a smart city outside of Buckeye in Arizona. Bill Gates Called Out By Farmer For Secretly Buying Up US Farmland: 'I 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. Farmland CNBC 2.94M subscribers Subscribe 47K 4.5M views 1 year ago #CNBC Bill Gates made. Nor does he put in the back-breaking labor humble people do to grow our food and who get far less praise for it. Housecall is the official blog of RISMedia, covering real estate news and information for agents, brokers and their clients. 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. Can You Build A Wedding Venue On Residential Land? (AP Photo/Michael Probst, File ), Connect with the definitive source for global and local news. 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. The project is in its early . Much of Turner's land is used as grazing land for over 50,000 head of buffalo . The agriculture sector is important, he wrote. Bill Gates currently owns over 268,000 acres of American farmland spread out over 19 states. AP'S ASSESSMENT: False. 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. Cascade declined to comment on its specific land holdings. However, his largest land holdings are in Louisiana (69,071 acres), Arkansas (47,927 acres), Nebraska (20,588 acres . 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 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. It also offers proven return rates. This means that you can find good deals that may be just the thing you are looking for. The Gates family currently [] The land we all live on should not be the sole property of a few. Someone else is owning that asset, whether it's rented equipment or land. 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. We've received your submission. In total, Gates owns approximately 242,000 acres of farmland with assets totaling more than $690m. 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. 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, Undisclosed Sale Price (Listed for $8.9 Million). BlackRock also suggested it was being confused for the similarly-named investment management firm Blackstone, which until recently owned Invitation Homes. Farmland offers a strategy that is completely separated from his other wealth and investments. 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. The Land Report revealed that Gates, who has a net worth of nearly $121 billion according to Forbes, has built up a massive farmland . According to 2021 article from the Land Report, a magazine about land ownership, Gates owns approximately 242,000 . Quarterman guessed that may be because Bill Gates isnt the one doing the farming. Hes the landlord, or rather, the companies owned by his investment firm are the landlords. 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 January 11 issue of The Land Report is worth reading. Bill and Melinda bought this massive mansion in the Coachella Valley for $12.5 million in 1999. the latest American Housing Survey by the Census Bureau. It may even be easier to sell smaller lots than it would be to market the entire portion of land that you invest in. 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. Plan for solar farm targets Gates' land - PressReader That kind of hard work isnt what made him rich. ', Cascade did not elaborate on the agricultural land purchases other than to say that the company is 'very supportive of sustainable farming.'. Bill Gates' 20,000 acres in Nebraska help make him the top farmland So while the tech mogul certainly owns a large constellation of farms, its nowhere close to the majority nationwide. Small farmers and Indigenous people are more cautious with the use of land.