In enrolling in Leading Harvest, Cascade has implemented new initiatives on its farmland holdings ranging from adding additional pollinator habitat in Nebraska to planting wildlife-friendly trees on dry pivot corners in Florida to hosting grain bin safety rescue training for the local community in Louisiana to converting numerous diesel power units to electric to reduce carbon output, to name a few, Zheren said. 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. It also offers proven return rates. The Microsoft co-founder faced several claims that he owned a majority of America's farmland earlier this year. There . Like other investment opportunities, you can find land for sale online. , an annual survey of the nations largest landowners. The January 11 issue of The Land Report is worth reading. Bill Gates may no longer be the world's richest man, but he can claim a new title: America's farmland king. 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 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. His land ownership spans across 19 states. The principal danger of private farmland owners like Bill Gates is not their professed support of sustainable agriculture often found in philanthropic work its the monopolistic role they play in determining our food systems and land use patterns. The value depends on a lot of factors including location, type of land, acreage, supply, demand, and more. 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. Bill Gates is in the money flow business, and farmland, as well as other land, can generate a lot of money. It makes no sense.. 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. The foundation aims to support country-led inclusive agricultural transformation across sub-Saharan Africa and South Asia, according to its website. The Land Report revealed that Gates, who has a net worth of nearly $121 billion according to Forbes, has built up a massive farmland . Learn more about fact-checking at AP. We know that one of the best ways to sequester carbon is through the soil. Bill Gates had managed to purchase nearly 269,000 acres of land in more than 12 states in the US. Do whatever you want to with the land as the value increases. The extensive tax avoidance by these titans of industry will always far exceed their supposed charitable donations to the public. 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. America's leading landowners added hundreds of thousands of acres to their holdings last year. There farmers primarily grow soybeans, rice, corn and cotton. Gates and his investment team own more than 240,000 acres, as reported by Eric O'Keefe, including 2,167 acres in Michigan. AP'S ASSESSMENT: False. His 242,000 acres of farmland stretch across 18 states from Washington to Florida,. 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. Gates shares 95% of the ownership with Saudi Prince Alwaleed bin Talal. Our era is dominated by the ultra-rich, the climate crisis and a burgeoning green capitalism. Nor does he put in the back-breaking labor humble people do to grow our food and who get far less praise for it. by Harvard Universitys Joint Center for Housing Studies. 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. Where Does Bill Gates Own Farmland in the US. In every state where the Gateses own land, a tangled web of locally registered limited liability companies follow. Bill Gates does not own the majority of U.S. farmland. 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. As of 2020, industry reports show he owned about 0.027% of U.S. farmland. With more productive seeds we can avoid deforestation and help Africa deal with the climate difficulty they already face. Tuesday, the office of the Attorney General sent out a letter asking the Red River Trust to confirm how the company plans to use the land . 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. 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. 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. What expertise in climate science or agriculture Gates possesses beyond being filthy rich is anyones guess. Bill Gates owns more land than all of the entire city of New Why Bill Gates Is Buying Up U.S. The outlet reported this week that Gates, 65, owns 268,984 acres of. NBC News also found that another 6,500 acres in north Florida are owned by yet another company, Suwannee River Terra, which was also started with an address in Kirkland and an email address from the Bill and Melinda Gates Investment Firm, which is now registered to the current chief counsel of Oak River Farms with a mailing address in Kansas, according to property records. 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. He owns significantly more farmland than Minnesota's Offutt family and California's Resnick family, which each own 190,000 acres and rank second equal on the list. 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. It is unclear how cheap biofuels can be but if they are cheap it can solve the aviation and truck emissions.. A 2018 purchase of 14,500 acres of prime eastern Washington farmland - which is traditional. BlackRock, meanwhile, is also not the owner of the majority of single family houses in the country. 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. This could give you a place to relax or to even build a small vacation home. According to 2021 article from the Land Report, a magazine about land ownership, Gates owns approximately 242,000 . Bill Gates: America's Top Farmland Owner | The Land Report. Bill Gates is best known for revolutionizing personal computing, but lately he's gotten back to the land. You may also be interested in why a billionaire wants land. 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. John Malone is the largest private landowner in the United States. In 1994 Bill and Melinda Gates are said to have hired Michael Larson to help them diversify their property portfolio. And in Florida, farmers grow carrots on their property. 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. Gates and his wife own 269,000 acres of farmland. In north Louisiana, the Gateses investment firm owns about 70,000 acres of land through at least three other shell companies. 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. Land can produce food, fuel, and manufacturing materials as well as provide environmental services, residential spaces, and more. 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. Cascade did not immediately respond to a phone message Friday, and the company declined to comment to The Land Report other than to say that Cascade is very supportive of sustainable farming, the outlet said. The worlds richest 1% emit double the carbon of the poorest 50%, an 2020 Oxfam study found. Investors bought a record 18.4% of the homes purchased in the fourth quarter of 2021 three-quarters of which were single-family homes, according to real estate firm RedFin. Bill and Melinda Gates, who recently announced they're getting divorced and are dividing their assets, are deeply invested in American agriculture. 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 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. This means that you can find good deals that may be just the thing you are looking for. 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. 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. Wonderful Company cofounders Stewart and Lynda Resnick (net worth: $7.1 billion) ranked number three . His first major purchase was Bell Ranch in New Mexico, a 290,100-acre plain saturated with mesas, rimrock canyons, pastures and a bell-shaped mountain. Today, Bill Gates owns 242,000 acres of farmland in 19 states. He never did anything that different from before he got here and what other farmers were doing nearby.". Gates and his investment team own more than 240,000 acres, as reported by O'Keefe, including 2,167 acres in Michigan. APS ASSESSMENT: False. 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). The farmland was purchased through a constellation of companies that all link back to the couples investment group, Cascade Investments, based in Kirkland, Washington. 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. Although the Bill & Melinda Gates Foundation is not directly connected with Cascade or its investments, it also has a farmland initiative: Gates Ag One, established in the Greater St. Louis area, with a mission to help 'smallholder farmers adapt to climate change and make food production in low- and middle-income countries more productive, resilient, and sustainable. 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. 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 . So what is this guy planning? 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. Farmer Bill. You may have heard that Bill Gates owns a lot of land, but you may not know how much. The company also took to Twitter to reject the false narrative. One of the Gates' favorite vacation homes is in the Yellowstone Club in Big Sky, Montana. Additionally, through his personal investment firm, Cascade, Bill Gates owns approximately half of the Four Season Holdings' hotel chain. Dailymail.com Reporter 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 opportunities are virtually endless. While land is a limited resource, there is still less competition for raw land than there is with residential and commercial real estate. Arable land is not just profitable. 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. Apparently Bill Gates now owns almost 242,000 acres of land in the United States. Land will likely never be a bad investment, as long as the land is healthy and properly located. The average person has nothing in common with mega-landowners like Bill Gates or Ted Turner. Reed family: Land area: 1.7 million acres. So while the tech mogul certainly owns a large constellation of farms, its nowhere close to the majority nationwide. A few years ago, Bill Gates has announced plans to build a smart city outside of Buckeye in Arizona. The land that Gates owns is located in several states and consists primarily of commercial farmland. 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. 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.
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