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Farmland can be an investment in several ways. Its uncertain why Gates has invested in so much farmland or how his tracts are currently being used. Bill Gates' 20,000 acres in Nebraska help make him the top farmland The farmland was purchased through a constellation of companies that all link back to the couples investment group, Cascade Investments, based in Kirkland, Washington. Bill Gates is betting big on US farmland - should you? 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 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. Whose land is it anyway? Farmers, billionaires, foreign investors Our exposure to Invitation Homes is owning its stock in mutual funds we manage, not buying houses w/ them, BlackRock tweeted. I mean, it is unlikely that one of the richest people in the world would invest in something that wasnt a good investment, right? Seems like there could be a lot to benefit more of their charities by selling some of this off. Who owns the most land in America? Jeff Bezos and John Malone are among Some of that land, including nearly 300 acres, was sold in 2019 to the California-based Grimmway Farms, the worlds largest carrot producer. BlackRock also suggested it was being confused for the similarly-named investment management firm Blackstone, which until recently owned Invitation Homes. This number stems from last year's edition of . Gates, in an Ask Me Anything session on Reddit last year, said his investment group was behind the purchases, and suggested it was linked to seed and biofuel development. Land holds ample opportunities for growth and development, yet you may find that there is more land than there is competition. According to 2021 article from the Land Report, a magazine about land ownership, Gates owns approximately 242,000 . Bill Gates Is The Largest Owner Of Farmland In The US - Nation In six years that number has more than doubled. Bill Gates top private farmland owner in US. It is unclear how cheap biofuels can be but if they are cheap it can solve the aviation and truck emissions.. The Microsoft co-founder faced several claims that he owned a majority of America's farmland earlier this year. In 1994 Bill and Melinda Gates are said to have hired Michael Larson to help them diversify their property portfolio. Bill and Melinda Gates, who recently announced they're getting divorced and are dividing their assets, are deeply invested in American agriculture. Renewable energy company Savion has an option to buy the property for what . 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. This can be an affordable way to get started with your raw land investments. The biggest shift in recent years from small to big farms was in the US. Investors bought a record 18.4% of the homes purchased in the fourth quarter of 2021 three-quarters of which were single-family homes. 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. 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. 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. While the Gates own a lot of farmland, nonfarmers own 283 million acres of farmland throughout the U.S. if(typeof ez_ad_units!='undefined'){ez_ad_units.push([[300,250],'askbamland_com-medrectangle-4','ezslot_3',103,'0','0'])};__ez_fad_position('div-gpt-ad-askbamland_com-medrectangle-4-0'); This article will go into detail about how much land Bill Gates owns and why he owns so much. Bill Gates' 242,000 Acres of Farmland Could Be Split in Divorce Recently, an article in Land Report stated that Bill Gates owns more American farmland than anyone else. 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. 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. Since then, it has been revealed that the two never signed a prenuptial agreement, instead opting for a separation agreement. The process of splitting the couples assets will be a mammoth task. Port: Bill Gates can't buy land in North Dakota? - InForum With more productive seeds we can avoid deforestation and help Africa deal with the climate difficulty they already face. The extensive tax avoidance by these titans of industry will always far exceed their supposed charitable donations to the public. According to landreport.com, the Gates family has a total of 242,000 in farmland acreage in the United States. (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). While land is a limited resource, there is still less competition for raw land than there is with residential and commercial real estate. But they're just renting it. Mason notes that trying to draw hard lines between ones philanthropic work and ones investments does not work. Nick Estes is a citizen of the Lower Brule Sioux Tribe. 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. 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. According to O'Keefe, Gates isn't the only one making moves on the farmland market, especially as farm real estate values nationwide increased 7% from 2020 to $3,390 per acre. The average person has nothing in common with mega-landowners like Bill Gates or Ted Turner. Bill Gates shoots down rumored Chinese link to N.D. farmland 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. BILL Gates' $80billion property empire now hangs in the balance after he and his wife of 27 years announced they are divorcing. Bill Gates owns a lot of American farmland, but not the majority 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. 23:06 GMT 15 Jan 2021 Although the price that the Gates paid for this property was never made public, theres a $300,000 initiation fee, and more than $37,000 in annual feesand you still have to purchase a home within the community. 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. This means that there is not much to maintain on it unless you want to add your own buildings or other property. Malone owns several ranching and real estate businesses predominantly in Maine, New Mexico, Colorado and Wyoming. A 2018 purchase of 14,500 acres of prime eastern Washington farmland which is traditional Yakama territory for $171m helped him get that title. In January 2021, Bill Gates became the largest owner of farmland in the United States. 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. 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. Do whatever you want to with the land as the value increases. 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. In total, Bill and Melinda Gates have acquired land in more than a dozen states. Bill Gates, who already owns close to 270,000 acres of land in the U.S (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. Bill Gates is best known for revolutionizing personal computing, but lately he's gotten back to the land. Who Owns More Land: Bill Gates, McDonald's or The Catholic Church? 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. Properties up for grabs include a $123million mansion with a trampoline room and a $43million oceanfront mansion with a ten-person jacuzzi. buying an increasing share of the U.S. housing market. 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. 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 way, the land will remain productive and healthy, while also becoming a money-driving investment. 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. Listen to article. Gates has been buying land like its going out of style. 5. In 2014, he co-founded The Red Nation, an Indigenous resistance organization. Bill Gates may no longer be the world's richest man, but he can claim a new title: America's farmland king. Well, youd think, if you're looking for somebody with enough capital to try that, he would go first. One of the Gates favorite vacation homes is in the Yellowstone Club in Big Sky, Montana. 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 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. Brittany has been in the land business since 2020 when the world was starting to shut down. You can also look at local resources in your area to see where land is being bought or sold. 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. Though the Gateses are major owners of American farmland, the couples holdings only represent a fraction of the 283 million acres of farmland that is owned and rented out by nonfarmers. 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. Some raw land may even be as affordable as a few thousand dollars, which can be an affordable and cost-effective investment strategy (or just a place to use for personal reasons). 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An Update on Bill Gates' New Smart City in Arizona | GlobeSt 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. But he didn't, Quarterman said. The 13,573-square-foot home has six bedrooms, 11 bedrooms and more luxury features than you can count. 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. 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. 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. 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. This could allow you to sell or lease the individual lots of land on the property. 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. 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. The map shows a 242,000 acre square situated over New York. 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. Now Bill Gates appears to have acquired a slice of their tiny city, and locals near. The Gates Foundation said in a statement that its agriculture efforts do not extend to farming in the U.S. Estate in Indian Wells, California: $12.5 Million. 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. Adding to the confusion, Blackstone was once a major investor in BlackRock, but sold off its stake in the 1990s. if(typeof ez_ad_units!='undefined'){ez_ad_units.push([[300,250],'askbamland_com-large-mobile-banner-2','ezslot_9',109,'0','0'])};__ez_fad_position('div-gpt-ad-askbamland_com-large-mobile-banner-2-0'); Raw land can be a great way to generate passive income or even spur large profits in the long term (or even short term if you know what you are doing). Bill Gates tells Reddit why he's bought so much farmland - AFN BlackRock also does not own the majority of the countrys 80 million single-family homes. Map reveals which billionaire owns largest amount of land in US - and You can also fill out the contact form below if you are interested in buying or selling land. 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. 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. 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. 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. Bill and Melinda Gates, who recently announced theyre getting divorced and are dividing their assets, are deeply invested in American agriculture. And we think it will provide good inflation protection in the long run. (Google Maps), Image: The building housing the offices of Cascade Investment in Kirkland, Wash., on May 22, 2021. Through Sierra Pacific, the family owns some 2 million acres in California and Washington. A Grimmway Farms employee moves a water pipe at one of their carrot farms in the Antelope Valley near Lancaster, Calif., in 2004. 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