This can potentially earn you tons of money. Private Residence at the Yellowstone Club in Big Sky, Montana: Estimated $5-25 Million. He owns 2m acres and has the worlds largest privately owned buffalo herd. While Gates owns nearly 270,000 acres of farmland across the US, he isnt the largest landowner in the country. In this country, enslaved Black labor first built US wealth atop stolen Native land. Its uncertain why Gates has invested in so much farmland or how his tracts are currently being used. Farmland can be an investment in several ways. 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. MINOT, N.D. North Dakotans like to pride themselves on being pro-property rights. Single-family homes are priced between $5-25 million. It also offers proven return rates. Our inventory spans mostly in the western United States. 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. In January 2021, Bill Gates became the largest owner of farmland in the United States. The area off Interstate 10, called Belmont, has space for 80,000 homes as well as more than 4,000 acres for schools, offices, and stores; and 3,400 acres of open space. Bill and Melinda Gates, who recently announced theyre getting divorced and are dividing their assets, are deeply invested in American agriculture. 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. While land is a limited resource, there is still less competition for raw land than there is with residential and commercial real estate. 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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. Farmland CNBC 2.94M subscribers Subscribe 47K 4.5M views 1 year ago #CNBC Bill Gates made. TRENDING: OUCH! The January 11 issue of The Land Report is worth reading. 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. In emails, BlackRock spokesman Christopher Beattie told The Associated Press that the firm. BlackRock, meanwhile, is also not the owner of the majority of single family houses in the country. Bill Gates does not own the majority of U.S. farmland. 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. The price makes this one of the most expensive home sales in this part of California ever. There . 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. They bought and later sold an additional 6,000 acres in Georgia, NBC News found. Cascade declined to comment on its specific land holdings. 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 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. 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' $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. Its a hedging strategy, said Daniel Bigelow, a professor of agricultural economics at Montana State University, who previously served as a USDA research economist. Bill and Melinda Gates also cracked the Land Report's Top 100 Landowners for the first time coming in at number 49. 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. In 2009, the Gates' reportedly purchased a ranch in Wyoming that once belonged to Buffalo Bill Cody. A 2018 purchase of 14,500 acres of prime eastern Washington farmland - which is traditional. 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. 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. 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. The biggest shift in recent years from small to big farms was in the US. Bill and Melinda Gates, who recently announced they're getting divorced and are dividing their assets, are deeply invested in American agriculture. 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. 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. According to landreport.com, the Gates family has a total of 242,000 in farmland acreage in the United States. That crown belongs to Liberty Media chairman John Malone, who has 2.2 million acres, according to The Land Report. BlackRock also does not own the majority of the countrys 80 million single-family homes. An NBC News analysis also identified Gates as the largest farmland owner in the US. 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 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. 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. Bill Gates may no longer be the world's richest man, but he can claim a new title: America's farmland king. With more productive seeds we can avoid deforestation and help Africa deal with the climate difficulty they already face. Is this simply a diversification of Gates' massive tech investment portfolio? Weve never been one of the big institutional buyers of single family homes, BlackRock, single-family rentals nationwide. 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. 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." 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. A Grimmway Farms employee moves a water pipe at one of their carrot farms in the Antelope Valley near Lancaster, Calif., in 2004. In fact it is so big that it is a little hard to conceptualize. 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. There farmers primarily grow soybeans, rice, corn and cotton. The acquisitions are held directly, as well as through Gates' personal investment entity, Cascade Investments. Behind Gates in terms of investment in farmland are the cofounders of the Wonderful Company, Stewart and Lynda Resnick, with 190,000 acres. In total, Bill and Melinda Gates have acquired land in more than a dozen states. The land that Gates owns is located in several states and consists primarily of commercial farmland. You may have heard that Bill Gates owns a lot of land, but you may not know how much. It makes no sense.. That program ensures agriculture on the land is audited to meet standards, like soil health and water management, created by the nonprofit Leading Harvest, which counts one of the subsidiaries of Gates investment firm as a partner. Bill and Melinda bought this massive mansion in the Coachella Valley for $12.5 million in 1999. 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. 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. Gates has been buying land like its going out of style. 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But that could soon change. Bill and Melinda have diversified their portfolioworth more than $130 billionfor years, and one of their favorite investments is real estate. The 14,000 acres in Washington is used for potatoes and in Florida the land is used for carrots. 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. 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. Someone else is owning that asset, whether it's rented equipment or land. Adding to the confusion, Blackstone was once a major investor in BlackRock, but sold off its stake in the 1990s. 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. After all, few can out-bid Bill Gates. Bill Gates investment company, Cascade Investments, has invested in hundreds of thousands of acres of farmland in the last 10 years. Dr. Alan Busacca, professor emeritus at Washington State University, told Land Report at the time that the fertile land in the area was used for growing 'apples, cherries, carrots, dryland and irrigated wheat, and row and field crops'. 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 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 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. 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. But they're just renting it. Members of the Stanley family now work for Generations. ', Cascade did not elaborate on the agricultural land purchases other than to say that the company is 'very supportive of sustainable farming.'. But billionaire class assertions that they are philosopher kings and climate-conscious investors who know better than the original caretakers are little more than ruses for what amounts to a 21st century land grab with big payouts in a for-profit economy seeking green solutions. Bill Gates is in the money flow business, and farmland, as well as other land, can generate a lot of money. You can also look at local resources in your area to see where land is being bought or sold. Malone continued, the forestry part of it in the Northeast is a pretty good business, with very low return on capital, but very stable and leverageable. The billionaire Microsoft co-founder has become the largest owner of farmland in the. | Photo by Wikimedia Commons . Bruere said some states such as Iowa enforce foreign ownership restrictions to prohibit foreign ownership or limit . Additionally, through his personal investment firm, Cascade, Bill Gates owns approximately half of the Four Season Holdings' hotel chain. While Gates is Americas biggest farmland owner, hes far from being the nations largest landowner in general. The 13,573-square-foot home has six bedrooms, 11 bedrooms and more luxury features than you can count. This number stems from last year's edition of . 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. Weve never been one of the big institutional buyers of single family homes, BlackRock said in response to one tweet. In Nebraska where he owns 20,000 acres, it is used for soybeans. 23:06 GMT 15 Jan 2021 And we think it will provide good inflation protection in the long run. 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. In terms of agriculture and his practices Bill Gates, Microsoft billionaire, may be more than . We've received your submission. The extensive tax avoidance by these titans of industry will always far exceed their supposed charitable donations to the public. The Gates Foundation said in a statement that its agriculture efforts do not extend to farming in the U.S. Land will likely never be a bad investment, as long as the land is healthy and properly located. 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 Microsoft co-founder faced several claims that he owned a majority of America's farmland earlier this year. 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 and his investment team own more than 240,000 acres, as reported by O'Keefe, including 2,167 acres in Michigan. Xanadu 2.0 in Medina, Washington: Estimated $140-170 Million, Source: Steve Ringman / The Seattle Times. 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. 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. The land that Bill Gates owns is used to grow soybeans, corn, cotton, and rice over 70,000 acres in northern Louisiana. In other words, when the economy is struggling, the value of farmland generally doesnt depreciate. There are also growing trends revolving around the purchase of low acreage farmland and noncommercial farming. You just have to keep it relatively clean, mow it, and pay property taxes. Now Bill Gates appears to have acquired a slice of their tiny city, and locals near. 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 Citizen Kane. 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. Not only is it usable by you, but land can be used for so many different things. 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. You may have heard that Bill Gates owns a lot of land, but you may not know how much. 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. And in Florida, farmers grow carrots on their property. We think we now know. Microsoft co-founder Bill Gates finally revealed the reasons behind his massive purchase of farmland: seed science and biofuel development. It was the highest priced land sale in the US that year. Those animals, which are sacred to my people and were nearly hunted to extinction by settlers, are preserved today on nearly 200,000 acres of Turners ranchland within the boundaries of the 1868 Fort Laramie Treaty territory in the western half of what is now the state of South Dakota, land that was once guaranteed by the US government to be a permanent home for Lakota people. Bill Gates may be trading his pocket protector for cowboy boots. With the Washington state acreage and other additions to his portfolio, The Land Report estimates that Gates now owns at least 242,000 acres of American farmland. Land holds ample opportunities for growth and development, yet you may find that there is more land than there is competition. There are more than 85 million single-family homes in the country, and only around 15 million of those are rentals, according to the latest American Housing Survey by the Census Bureau. Since it works as an investment for him, it also includes the benefits of using land as an investment like he does. Listen to article. Thats why lands still managed by Indigenous peoples worldwide protect and sustain 80% of the worlds biodiversity, practices anathema to industrial agriculture. He's one of the richest men in the world and the largest individual owner of farmland in the country. 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. This means that there is not much to maintain on it unless you want to add your own buildings or other property. Michelle, has two of its largest vineyards in that AVA: Canoe Ridge Vineyard and Columbia Crest Vineyard. Can You Build A Wedding Venue On Residential Land? 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. Land holds ample opportunities for growth and development, yet you may find that there is more land than there is competition. A survey of the Gateses farmland holdings shows that a broad range of the vegetables that Americans eat can be traced back to his land and that some of this land has also been owned by other billionaires. The private residential area is home to numerous A-list celebrity couples including Justin Timberlake and Jessica Biel. 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. If you are unsure where to start, you can also check country tax sales. Mason notes that trying to draw hard lines between ones philanthropic work and ones investments does not work. Bill Gates owns more private farmland in the US than anyone else, an analysis by The Land Report found. Adding to the confusion, Blackstone was once a major investor in BlackRock, but sold off its stake in the 1990s. (AP Photo/Michael Probst, File ), Connect with the definitive source for global and local news. Beach House in Del Mar, California: $43 Million. One of the Gates' favorite vacation homes is in the Yellowstone Club in Big Sky, Montana. Bill Gates uses farmland as investment vehicle, owning 269,000 acres of land. Can you imagine having that much property? 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 conservation of lands is important, he said. In fact, this also means that you may not even have to apply for a loan to start the investment! You can also fill out the contact form below if you are interested in buying or selling land. They own the soil where the potatoes in McDonald's french fries grow, the carrots from the world's largest . This can be an affordable way to get started with your raw land investments. Like other investment opportunities, you can find land for sale online. The farmland was purchased through a constellation of companies that all link back to the couples investment group, Cascade Investments, based in Kirkland, Washington. if(typeof ez_ad_units!='undefined'){ez_ad_units.push([[300,250],'askbamland_com-box-4','ezslot_4',104,'0','0'])};__ez_fad_position('div-gpt-ad-askbamland_com-box-4-0'); Well, why would you think that a billionaire would want to own land? The 229-acre property was once home to Jenny Craig, founder of the Jenny Craig nutrition company, and was purchased by the Gates with hopes that it would one day be where their daughter Jennifer could train for her equestrian career. What expertise in climate science or agriculture Gates possesses beyond being filthy rich is anyones guess. All that farming has led to large water withdrawals from Florida's aquifer system and requires fertilizer, which leaches through the ground into waterways, emptying nitrogen that has led to destructive algae blooms and severe loss of fish and marsh habitats. 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 potential is endless. 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. America's leading landowners added hundreds of thousands of acres to their holdings last year. 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. The outlet reported this week that Gates, 65, owns 268,984 acres of. The map shows a 242,000 acre square situated over New York. 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. 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 . You may also be interested in why a billionaire wants land. . 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 firm is a shareholder in Dallas-based Invitation Homes, which owns nearly 80,000 single-family rentals nationwide. 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. They add it will take those with large parcels of land, like the Gateses U.S. farmland holdings, to do it. The agency further found that over 50 percent of cropland is rented to farmers who dont own their land. 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. 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. Bill Gates may no longer be the worlds richest man, but he can claim a new title: Americas farmland king. 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. 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. In 2014, he co-founded The Red Nation, an Indigenous resistance organization. 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. Hes the landlord, or rather, the companies owned by his investment firm are the landlords. 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 . So while the tech mogul certainly owns a large constellation of farms, its nowhere close to the majority nationwide. We know that one of the best ways to sequester carbon is through the soil. 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. 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Bill Gates was quietly becoming the biggest private owner of farmland in the United States. Bill and Melinda have purchased numerous properties in Wellington, Florida, over the years. 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. Bill Gates now owns almost 242,000 acres of the continguous USA.