Why aren't they giving more? He added: 'In addition, the states oldest winery, Chateau Ste. The 14,000 acres in Washington is used for potatoes and in Florida the land is used for carrots. 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. CNN founder Ted Turner owns 2 million acres of land largely in New Mexico, South Dakota, Nebraska, and Georgia. The Microsoft co-founder faced several claims that he owned a majority of America's farmland earlier this year. 2,167 acres. 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 gun and the whip may not accompany land acquisitions this time around. Bill Gates has invested in various high-profile commercial properties through his personal investment company, Cascade. After all, few can out-bid Bill Gates. 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, cofounder of Microsoft, has an alter ego: Farmer Bill, the guy who owns more farmland than anyone else in America. We loved familys outdoor adventures so much we started a land business just to help others buy their own land. According to 2021 article from the Land Report, a magazine about land ownership, Gates owns approximately 242,000 . In 2014, Cascade Investments combined both of those companies and the land into Generations Farms, which continued to grow vegetables. Farmland offers a strategy that is completely separated from his other wealth and investments. 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. That was a virus I got from Ted Turner.. 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. An NBC News analysis also identified Gates as the largest farmland owner in the US. We know that one of the best ways to sequester carbon is through the soil. 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. The billionaire tech mogul and philanthropist has quietly amassed nearly 270,000 acres of farmland across the country, but thats still a relatively small slice of the nations nearly 900 million total farm acres. What expertise in climate science or agriculture Gates possesses beyond being filthy rich is anyones guess. Not only that, but it fits in with Gates values as a philanthropist because he can keep the farmland healthy for future generations. The acquisitions are held directly, as well as through Gates' personal investment entity, Cascade Investments. Raw land is not developed. In Nebraska where he owns 20,000 acres, it is used for soybeans. It also offers proven return rates. Media billionaire Ted Turner has also invested in 2 million acres of land (much of it rangeland and prairie, rather than cropland) and earned the distinction of being the largest private owner of buffalo herds that roam the 200,000 acres of his private ranch, The Guardian reported. The agency further found that over 50 percent of cropland is rented to farmers who dont own their land. Well, youd think, if you're looking for somebody with enough capital to try that, he would go first. 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 land that Bill Gates owns is used to grow soybeans, corn, cotton, and rice over 70,000 acres in northern Louisiana. It is possible to make high double digit returns on land that you bought for an affordable price only a few years prior. 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. The billionaire couple, in less than a. 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. Since 2017 he reportedly holds a significant stake in 24,800 acres of land on the west side of Phoenix. Members of the Stanley family now work for Generations. They accounted for almost 1% of the agricultural land in the United States. 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 . , an annual survey of the nations largest landowners. The 13,573-square-foot home has six bedrooms, 11 bedrooms and more luxury features than you can count. 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. Bill Gates owns more land than all of the entire city of New Why Bill Gates Is Buying Up U.S. Recently, an article in Land Report stated that Bill Gates owns more American farmland than anyone else. It can be used for residential development, commercial projects, industrial zoning, public or semi-public use, agriculture, or right of way (a way for others to access a different piece of land or portion of the land). Xanadu 2.0 in Medina, Washington: Estimated $140-170 Million, Source: Steve Ringman / The Seattle Times. Cascade Investments declined to comment on its interest in acquiring so much American farmland, but a spokesperson for the firm, Charles V. Zehren said it is very supportive of sustainable farming. He pointed out that in 2020, the acreage that Bill Gates firm owns was all enrolled in a sustainability program. the latest American Housing Survey by the Census Bureau. This means that you can find good deals that may be just the thing you are looking for. Here is an overview of all of the property the couple owned together at the time of their divorce: Bill and Melinda dont publicly discuss this topic often, but they are the top owners of farmland in the U.S. With some 242,000 acres, the estimated value of their farmland is in the billions. The company also took to Twitter to reject the false narrative. Can you imagine having that much 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. His land ownership spans across 19 states. Renewable energy company Savion has an option to buy the property for what . 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. This can be an affordable way to get started with your raw land investments. 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. The option expires Oct. 31, 2024. 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 . There, on Gates parcels, an industrial farm grows potatoes for McDonalds french fries. Social media users are falsely claiming that Gates owns the majority of U.S. farmland. His largest holding is in Louisiana (69,071 acres), followed by Arkansas (47,927 acres) and Arizona (25,750 acres). 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. This way, the land will remain productive and healthy, while also becoming a money-driving investment. Gates diversified his investment portfolio through land ownership, but why? But Zehren of Cascade noted that the firm has been working in Florida and elsewhere to promote ecologically conscious agriculture and that it plans to continue to evaluate its farmland portfolio to improve its overall sustainability. In Nebraska where he owns 20,000 acres, it is used for soybeans. Much of Turner's land is used as grazing land for over 50,000 head of buffalo . Gates and his investment team own more than 240,000 acres, as reported by Eric O'Keefe, including 2,167 acres in Michigan. One per cent of the worlds farms control 70% of the worlds farmlands, one report found. Land holds ample opportunities for growth and development, yet you may find that there is more land than there is competition. This is where a country sells land when the owner becomes delinquent on their property taxes. , updated Seems like there could be a lot to benefit more of their charities by selling some of this off. Can You Build A Wedding Venue On Residential Land? America's leading landowners added hundreds of thousands of acres to their holdings last year. 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. The third richest man on the planet doesnt have a green thumb. Private Residence at the Yellowstone Club in Big Sky, Montana: Estimated $5-25 Million. According to landreport.com, the Gates family has a total of 242,000 in farmland acreage in the United States. 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. He is the author of the book Our History Is the Future: Standing Rock Versus the Dakota Access Pipeline, and the Long Tradition of Indigenous Resistance (Verso, 2019), In a pandemic, billionaires are richer than ever. Stan Kroenke: Land area: 1.4 million acres. 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. 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. In fact, he owns some of the land that produces potatoes used to make McDondalds french fries. The attraction that people have to investing in farmland is that it tends to be countercyclical to the stock market. 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. These purchases are also a direct result of their daughters equestrian career hopes because of Wellingtons close proximity to the Palm Beach International Equestrian Center. It may even be easier to sell smaller lots than it would be to market the entire portion of land that you invest in. Bill Gates is best known for revolutionizing personal computing, but lately he's gotten back to the land. The 13,573-square-foot home has six bedrooms, 11 bedrooms and more luxury features than you can count. He hoped Gates would have invested in different farming techniques that could help turn around the ecological damages from big agriculture. Someone else is building that equity on their back, said Johnathan Hladik, the policy director at the Center for Rural Affairs, who is also a farmer in Nebraska. That makes Invitation Homes the largest operator of single-family rental homes in the country, but still represents a tiny fraction of all such homes. In total, Bill and Melinda Gates have acquired land in more than a dozen states. "The agriculture sector is important. of the richest people in the country, owns less than one percent of the nations total farmland. 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. Gates' purchase averaged $12,000 per acre. Marjorie Taylor Greene SHAMES Former . Weve answered hundreds of questions from people regarding the buying and use of land. Since it works as an investment for him, it also includes the benefits of using land as an investment like he does. askBAMLand.com is a participant in the Amazon Services LLC Associates Program, an affiliate advertising program designed to provide a means for sites to earn advertising fees by advertising and linking to Amazon. This number stems from last year's edition of . Our exposure to Invitation Homes is owning its stock in mutual funds we manage, not buying houses w/ them,. Except, it seems, when it comes to a private individual selling some land to iconic billionaire Bill Gates. These states include: Arizona - 25,750 acres; Arkansas - 47,927 acres Farmland CNBC 2.94M subscribers Subscribe 47K 4.5M views 1 year ago #CNBC Bill Gates made. 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. 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. 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. Gates shares ownership with Saudi Prince Alwaleed bin Talalthe two purchased the chain in 2007 for $3.8 billion. The tech mogul, who is the. In emails, BlackRock spokesman Christopher Beattie told The Associated Press that the firm. Weve been trained by experience, land acquisition courses, and hundreds of hours meeting with county assessors and clerks, zoning officials, realtors, and land investors. It will not tell you that Bill Gates is your neighbor. Malone owns several ranching and real estate businesses predominantly in Maine, New Mexico, Colorado and Wyoming. The conservation of lands is important, he said. 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. Someone else is owning that asset, whether it's rented equipment or land. We think we now know. If you are unsure where to start, you can also check country tax sales. False. from February that showed there were more than 895 million total acres of farmland in the country last year. But, As of February 2021, Gates has made headlines across the wor. The Land Report revealed that Gates, who has a net worth of nearly $121 billion according to Forbes, has built up a massive farmland . BlackRock is sometimes confused w/ Blackstone, which owned Invitation Homes. That's basically the motivation there. Bill Gates does not own the majority of U.S. farmland. 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,. The 14,000 acres in Washington is used for potatoes and in Florida the land is used for carrots. He owns 2m acres and has the worlds largest privately owned buffalo herd. Estate in Indian Wells, California: $12.5 Million. Dailymail.com Reporter, Meet John Malone of Liberty Global the Darth Vader of Wall Street and the man who wants a slice of Formula One, Bill Gates is accused of hypocrisy after joining bidding war to buy the world's largest private jet operator - one month before he releases his book preaching about climate change, Isabel Oakeshott receives 'menacing' message from Matt Hancock, Insane moment river of rocks falls onto Malibu Canyon in CA, Mom who lost both sons to fentanyl blasts laughing Biden, Pavement where disabled woman gestured at cyclist before fatal crash, Pro-Ukrainian drone lands on Russian spy planes exposing location, 'Buster is next!' The opportunities are virtually endless. The billionaire media mogul Ted Turner epitomizes such disparities.

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