This could give you a place to relax or to even build a small vacation home. The third richest man on the planet doesnt have a green thumb. Wealth accumulation always goes hand-in-hand with exploitation and dispossession. In this country, enslaved Black labor first built US wealth atop stolen Native land. Gates has been buying land like its going out of style. My investment group chose to do this, Bill Gates said on Reddit in March when asked about his farmland purchases while promoting his latest book, How to Avoid A Climate Disaster. It is not connected to climate. He did acknowledge that more productive farming techniques can help reduce deforestation in other parts of the world. His land ownership spans across 19 states. He also reportedly owns 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. That was a virus I got from Ted Turner.. Bill Gates: America's Top Farmland Owner | The Land Report. 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. 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. 5. 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 attraction that people have to investing in farmland is that it tends to be countercyclical to the stock market. 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 . 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. Like other investment opportunities, you can find land for sale online. 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. Investment firms are making the argument farmlands will meet carbon-neutral targets for sustainable investment portfolios while anticipating an increase of agricultural productivity and revenue. Which is where the Bill Gates' Land Ownership interactive map comes in. Beach House in Del Mar, California: $43 Million. Bill Gates owns massive parcels of farmland. It's not part of his plans Bill Gates Approved to Buy Acres of Farmland in North Dakota - IJR 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. How Much Land Does Bill Gates Own? | askBAMLand 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'. The 13,573-square-foot home has six bedrooms, 11 bedrooms and more luxury features than you can count. *According to figures compiled by The Land Report in 2019. And Bill Gates new book How to Avoid a Climate Disaster positions himself as a thought leader in how to stop putting greenhouse gases into the atmosphere and how to fund what he has called elsewhere a global green revolution to help poor farmers mitigate climate change. A Grimmway Farms employee moves a water pipe at one of their carrot farms in the Antelope Valley near Lancaster, Calif., in 2004. (Google Maps), Image: The building housing the offices of Cascade Investment in Kirkland, Wash., on May 22, 2021. jwz: Bill Gates' Land Ownership Malone also has 25% shares in Liberty Global, the largest international cable company with just under 30million subscribers, and owns 8% of the Atlanta Braves baseball team. Farmland CNBC 2.94M subscribers Subscribe 47K 4.5M views 1 year ago #CNBC Bill Gates made. Bill Gates farm in Ohio could become giant Savion solar farm 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 is best known for revolutionizing personal computing, but lately he's gotten back to the land. 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. False. 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. Brittany has been in the land business since 2020 when the world was starting to shut down. Farm Gates - Ohio Ag Net | Ohio's Country Journal Bill Gates owns more private farmland in the US than anyone else, an analysis by The Land Report found. 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. Gates' purchase averaged $12,000 per acre. Single-family homes are priced between $5-25 million. , an annual survey of the nations largest landowners. The outlet reported this week that Gates, 65, owns 268,984 acres of. However, his largest land holdings are in Louisiana (69,071 acres), Arkansas (47,927 acres), Nebraska (20,588 acres . 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. 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.. He never did anything that different from before he got here and what other farmers were doing nearby.". 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. Bill and Melinda Gates' divorce puts massive farmland holdings in focus The Gates family currently [] 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. 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. 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. The billionaire media mogul Ted Turner epitomizes such disparities. In January 2021, Bill Gates became the largest owner of farmland in the United States. Like wealth, land ownership is becoming concentrated into fewer and fewer hands, resulting in a greater push for monocultures and more intensive industrial farming techniques to generate greater returns. 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. 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. Bill Gates, who already owns close to 270,000 acres of land in the U.S Bill Gates is the biggest private owner of farmland in - The Guardian Learn more about fact-checking at AP. 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. He added: 'In addition, the states oldest winery, Chateau Ste. According to 2021 article from the Land Report, a magazine about land ownership, Gates owns approximately 242,000 . Why Is Bill Gates Buying Farmland? How Much Does He Own? - Farmfolio Quarterman guessed that may be because Bill Gates isnt the one doing the farming. Public records suggest Cascade Investments has bought its farmland through a web of at least 22 limited liability shell companies across the country. Whose land is it anyway? Farmers, billionaires, foreign investors , said his investment group was behind the purchases, and suggested it was linked to seed and biofuel development. The sale was notable because it added to Gates' farmland holdings which includes large tracts of land in Illinois, Iowa, Louisiana, California, and about a dozen other states. One of those farms, Stanley Farms, specialized in Vidalia onions, and another, Coggins Farms, focused on growing carrots. 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. If you own a good amount of land, then you have the possibility of subdividing it into multiple lots that can generate separate income streams. 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. Does Bill Gates Own the Majority of US Farmland? | Snopes.com There farmers primarily grow soybeans, rice, corn and cotton. 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. And we think it will provide good inflation protection in the long run. The tech mogul, who is the. 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). While those companies dont explicitly name Cascade Investments as the owner in their public records, they do share the address of Cascade in Kirkland, Washington, or the address of a Cascade subsidiary, list the names of Cascade employees who registered the companies and sometimes even email addresses from the Bill and Melinda Gates Investment Group. In emails, BlackRock spokesman Christopher Beattie told The Associated Press that the firm. Cascade declined to comment on its specific land holdings. His firms largest farmland acquisition happened in 2017, when it acquired 61 farming properties from a Canadian investment firm to the tune of $500m. Fact Check-Bill Gates doesn't own most U.S. farmland - Reuters Bill and Melinda Gates Own 70,000 Acres of Louisiana Farmland; What The billionaire Microsoft co-founder has become the largest owner of farmland in the. Our exposure to Invitation Homes is owning its stock in mutual funds we manage, not buying houses w/ them, BlackRock tweeted. America's leading landowners added hundreds of thousands of acres to their holdings last year. Where Does Bill Gates Own Farmland in the US. Maps Mania: The United Gates of America - Blogger Bill Gates may no longer be the world's richest man, but he can claim a new title: America's farmland king. You can also look at local resources in your area to see where land is being bought or sold. In fact, he reportedly owns more farmland than any other individual in America. Report: Bill Gates is largest owner of private farmland in U.S., with This can be an affordable way to get started with your raw land investments. Farmland can be an investment in several ways. But that could soon change. In 2014, he reportedly purchased more than 4,500 acres in Suwannee County, Florida, for nearly $28 million. In six years that number has more than doubled. 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 found to be the largest farmland owner in the U.S - KARK Adding to the confusion, Blackstone was once a major investor in BlackRock, but sold off its stake in the 1990s. Farmer Bill - The Land Report 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. His largest holding is in Louisiana (69,071 acres), followed by Arkansas (47,927 acres) and Arizona (25,750 acres). 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 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 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. 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. 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 price makes this one of the most expensive home sales in this part of California ever. 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. Bill Gates now the biggest owner of farmland in the US Well, youd think, if you're looking for somebody with enough capital to try that, he would go first. The company also took to Twitter to reject the false narrative. That means Gates, whose net worth is estimated at some $134 billion. | 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. He now owns more farmland than my entire Native American nation. MINOT, N.D. North Dakotans like to pride themselves on being pro-property rights. 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. 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. Bill and Melinda bought this massive mansion in the Coachella Valley for $12.5 million in 1999. There are also growing trends revolving around the purchase of low acreage farmland and noncommercial farming. 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. Now Bill Gates appears to have acquired a slice of their tiny city, and locals near. It may even be easier to sell smaller lots than it would be to market the entire portion of land that you invest in. You may have heard that Bill Gates owns a lot of land, but you may not know how much. It is possible to make high double digit returns on land that you bought for an affordable price only a few years prior. 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 way, the land will remain productive and healthy, while also becoming a money-driving investment. 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. One answer might surprise you: While trying to track down who recently purchased 14,500 acres of choice farmland in Washington state's Columbia River Basin, researchers at The Land Report discovered the new owner was Microsoft co-founder Bill Gates. According to Forbes, the worlds billionaires saw their wealth swell by $1.9tn in 2020, while more than 22 million US workers (mostly women) lost their jobs. 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. We know that one of the best ways to sequester carbon is through the soil.
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