We know that one of the best ways to sequester carbon is through the soil. That crown belongs to Liberty Media chairman John Malone, who has 2.2 million acres, according to The Land Report. The 14,000 acres in Washington is used for potatoes and in Florida the land is used for carrots. Mason notes that trying to draw hard lines between ones philanthropic work and ones investments does not work. For Indigenous caretakers, land use isnt premised on a return of investments; its about maintaining the land for the next generation, meeting the needs of the present, and a respect for the diversity of life. Land is power, land is wealth, and, more importantly, land is about race and class. The value depends on a lot of factors including location, type of land, acreage, supply, demand, and more. Public records suggest Cascade Investments has bought its farmland through a web of at least 22 limited liability shell companies across the country. It may even be easier to sell smaller lots than it would be to market the entire portion of land that you invest in. In terms of agriculture and his practices Bill Gates, Microsoft billionaire, may be more than . He now owns more farmland than my entire Native American nation. 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. 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 fact, this also means that you may not even have to apply for a loan to start the investment! 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. 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. While Gates owns nearly 270,000 acres of farmland across the US, he isnt the largest landowner in the country. We are no longer accepting comments on this article. Thanks for contacting us. There, on Gates parcels, an industrial farm grows potatoes for McDonalds french fries. ', 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 look at local resources in your area to see where land is being bought or sold. It makes no sense.. In 2014, Cascade Investments combined both of those companies and the land into Generations Farms, which continued to grow vegetables. 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. 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In emails, BlackRock spokesman Christopher Beattie told The Associated Press that the firm. Where Does Bill Gates Own Farmland in the US. He owns 2m acres and has the worlds largest privately owned buffalo herd. Behind Gates in terms of investment in farmland are the cofounders of the Wonderful Company, Stewart and Lynda Resnick, with 190,000 acres. 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. Beach House in Del Mar, California: $43 Million. This could give you a place to relax or to even build a small vacation home. 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. The Microsoft co-founder has reportedly purchased an $8.9 million Wyoming ranch that was once the stomping grounds of Buffalo Bill . It just seemed like a good thing to do., 2020 THE SUN, US, INC. ALL RIGHTS RESERVED | TERMS OF USE | PRIVACY | YOUR AD CHOICES | SITEMAP, A map has revealed which billionaire owns the most land in the US, and it's not Bill Gates, John Malone owns about 2.2million acres of land across the United States, In comparison, Microsoft co-founder Bill Gates owns about 270,000 acres of farmland, Malone is worth an estimated $9.22billion, Meet the largest landowner in the US as map reveals stunning amount of land billionaire owns and its not Bill Gates. So while the tech mogul certainly owns a large constellation of farms, its nowhere close to the majority nationwide. Bill Gates is now the largest private landowner in the country. Bruere said some states such as Iowa enforce foreign ownership restrictions to prohibit foreign ownership or limit . They add it will take those with large parcels of land, like the Gateses U.S. farmland holdings, to do it. 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 . The family's 1.7 million acres of land are primarily spread across Washington, Oregon, and California. 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. Gates' purchase averaged $12,000 per acre. Dailymail.com Reporter Bill and Melinda Gates also cracked the Land Report's Top 100 Landowners for the first time coming in at number 49. Murdaugh is heckled as he leaves court, Ken Bruce finishes his 30-year tenure as host of BBC Radio 2, Ukrainian soldier takes out five tanks with Javelin missiles, Family of a 10-month-old baby filmed vaping open up, Missing hiker buried under snow forces arm out to wave to helicopter, Hershey's Canada releases HER for SHE bars featuring a trans activist, Moment teenager crashes into back of lorry after 100mph police race. The Associated Press reports that last week, billionaire Microsoft founder Bill Gates was cleared to purchase 2,100 acres of rural North Dakota farmland. if(typeof ez_ad_units!='undefined'){ez_ad_units.push([[250,250],'askbamland_com-large-mobile-banner-1','ezslot_7',108,'0','0'])};__ez_fad_position('div-gpt-ad-askbamland_com-large-mobile-banner-1-0'); While the land that Bill Gates owns is already developed for farming and likely costs a ton of money, land can also be quite affordable. Bill Gates owns more land than all of the entire city of New Why Bill Gates Is Buying Up U.S. 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. So why did the Land Report dub him Farmer Bill this year? They own the soil where the potatoes in McDonald's french fries grow, the carrots from the world's largest . The largest. 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. In 2014, he co-founded The Red Nation, an Indigenous resistance organization. Several Properties in Wellington, Florida: $27.2 Million (Total). The conservation of lands is important, he said. 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. Hes the landlord, or rather, the companies owned by his investment firm are the landlords. It also offers proven return rates. 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. There is only a certain amount of land available on earth. In 1994 Bill and Melinda Gates are said to have hired Michael Larson to help them diversify their property portfolio. A few years ago, Bill Gates has announced plans to build a smart city outside of Buckeye in Arizona. Now Bill Gates appears to have acquired a slice of their tiny city, and locals near. The 66,000-square-foot home overlooks Lake Washington and, although there is no exact estimate of the homes value currently, it had a total assessed value of $147.5 million on 2009 property tax documents. Reed family: Land area: 1.7 million acres. Last year, Bill and Melinda purchased a sprawling beachfront 6-bedroom, 4-bath home in Del Mar, Californiaoutside of San Diegofor $43 million. 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. 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. 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. 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 . (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. retail, office buildings, hotels and apartment complexes, rather than single-family homes, but he declined to provide a breakdown. Land will likely never be a bad investment, as long as the land is healthy and properly located. 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. 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. The Gates family currently [] If you are unsure where to start, you can also check country tax sales. Renewable energy company Savion has an option to buy the property for what . Seems like there could be a lot to benefit more of their charities by selling some of this off. 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. One of the Gates' favorite vacation homes is in the Yellowstone Club in Big Sky, Montana. His firms largest farmland acquisition happened in 2017, when it acquired 61 farming properties from a Canadian investment firm to the tune of $500m. In addition, the land is audited to meet sustainability standards including soil health and water management. Well, youd think, if you're looking for somebody with enough capital to try that, he would go first. 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. Some of that land, including nearly 300 acres, was sold in 2019 to the California-based Grimmway Farms, the worlds largest carrot producer. In Nebraska where he owns 20,000 acres, it is used for soybeans. 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. 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. 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 acquisitions are held directly, as well as through Gates' personal investment entity, Cascade Investments. The couple also snapped up an oceanfront home in San Diego County, California, last year, for a record making $43 million. It is unclear why Gates, better known as a self-confessed computing 'nerd', has invested in farmland so heavily, and details of the land are scarce,as revealed in The Land Report. (Matt Odom / for NBC News), Image: John Quarterman (Matt Odom / for NBC News), Image: Philanthropist and co-founder of Microsoft, Bill Gates and his wife Melinda listen to the speech by French President Francois Hollande, prior to being awarded Commanders of the Legion of Honor at the Elysee Palace in Paris (Kamil Zihnioglu / Pool via Reuters), American businessman and philanthropist (born 1955). On Friday, a showdown between two of the largest agricultural landowners in the United Statesthe Church of Latter-Day Saints and Bill Gates ' wealth management firmcame . His largest holding is in Louisiana (69,071 acres), followed by Arkansas (47,927 acres) and Arizona (25,750 acres). Stan Kroenke: Land area: 1.4 million acres. Gates and his wife own 269,000 acres of farmland. Single-family homes are priced between $5-25 million. Gates shares ownership with Saudi Prince Alwaleed bin Talalthe two purchased the chain in 2007 for $3.8 billion. The Gates Rancho Santa Fe estate was purchased in 2014 because of its horse stables and proximity to a local race horse track. The billionaire couple, in less than a. 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. 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. 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. 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 land that Bill Gates owns is used to grow soybeans, corn, cotton, and rice over 70,000 acres in northern Louisiana. Its a hedging strategy, said Daniel Bigelow, a professor of agricultural economics at Montana State University, who previously served as a USDA research economist. Apparently Bill Gates now owns almost 242,000 acres of land in the United States. Bill Gates' Land Ownership. Farmland can be an investment in several ways. 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. Since then, weve sold to dozens of people from ATV weekend warriors to camping enthusiasts to retired truck drivers. And in Florida, farmers grow carrots on their property. Many people wonder why Bill Gates would make these moves with his investment portfolio. 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. The Gates Foundation said in a statement that its agriculture efforts do not extend to farming in the U.S. 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. , updated The Microsoft co-founder faced several claims that he owned a majority of America's farmland earlier this year. 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. You can read more about us, here. by Harvard Universitys Joint Center for Housing Studies. In six years that number has more than doubled. Private Residence at the Yellowstone Club in Big Sky, Montana: Estimated $5-25 Million. 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,. MINOT, N.D. North Dakotans like to pride themselves on being pro-property rights.
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