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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. They own the soil where the potatoes in McDonald's french fries grow, the carrots from the world's largest . CLAIM: Microsoft co-founder Bill Gates owns the majority of Americas farmland and the investment firm BlackRock holds the majority of single family houses in the country. 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. 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 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. In fact, he reportedly owns more farmland than any other individual in America. It is possible to make high double digit returns on land that you bought for an affordable price only a few years prior. 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. A few years ago, Bill Gates has announced plans to build a smart city outside of Buckeye in Arizona. 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. APS ASSESSMENT: False. 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 is now the largest private landowner in the country. 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. As of 2020, industry reports show he owned about 0.027% of U.S. farmland. 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. 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 Land Report 100, an annual survey of the nations largest landowners. Except, it seems, when it comes to a private individual selling some land to iconic billionaire Bill Gates. The worlds richest 1% emit double the carbon of the poorest 50%, an 2020 Oxfam study found. But those working on projects with both investors and farmers to create ecologically sustainable farming methods and support diverse and disadvantaged farming communities say rethinking agriculture and working to avert a climate crisis go hand in hand. In north Louisiana, the Gateses investment firm owns about 70,000 acres of land through at least three other shell companies. Bill Gates Is The Largest Owner Of Farmland In The US - Nation 4 Bill Gates acquired six parcels of land in Pembina County. Private Residence at the Yellowstone Club in Big Sky, Montana: Estimated $5-25 Million. 2,167 acres. Bill Gates is in the money flow business, and farmland, as well as other land, can generate a lot of money. Bill Gates wins legal approval to buy huge swath of North Dakota Farmers just aren't owning the assets anymore. Farmer Bill. In fact, he owns some of the land that produces potatoes used to make McDondalds french fries. How much property does Bill Gates own? - Housing News He added: 'In addition, the states oldest winery, Chateau Ste. The Microsoft co-founder faced several claims that he owned a majority of America's farmland earlier this year. Bill Gates' North Dakota Land Purchase Sparks Questions Online - Newsweek Wealth accumulation always goes hand-in-hand with exploitation and dispossession. Weve been trained by experience, land acquisition courses, and hundreds of hours meeting with county assessors and clerks, zoning officials, realtors, and land investors. Does Bill Gates Own the Majority of US Farmland? | Snopes.com 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!' if(typeof ez_ad_units!='undefined'){ez_ad_units.push([[300,250],'askbamland_com-leader-1','ezslot_8',107,'0','0'])};__ez_fad_position('div-gpt-ad-askbamland_com-leader-1-0'); Even if you buy the land with the purpose of selling it at a later time when the area undergoes more development, you can still use the land in the meantime. 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 . 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. This means that there is not much to maintain on it unless you want to add your own buildings or other property. One per cent of the worlds farms control 70% of the worlds farmlands, one report found. BlackRock, meanwhile, is also not the owner of the majority of single family houses in the country. 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. Dailymail.com Reporter Bill Gates reveals reasons behind massive farmland purchases 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 . Report: Bill Gates buys Buffalo Bill's historic Wyoming ranch After all, few can out-bid Bill Gates. The 13,573-square-foot home has six bedrooms, 11 bedrooms and more luxury features than you can count. (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). Gates shares 95% of the ownership with Saudi Prince Alwaleed bin Talal. 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. There are also growing trends revolving around the purchase of low acreage farmland and noncommercial farming. In every state where the Gateses own land, a tangled web of locally registered limited liability companies follow. 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. 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 . Lemmon Holdings, the billionaire spent $80 million to purchase. 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. Why Is Bill Gates Buying Farmland? How Much Does He Own? - Farmfolio . The billionaire says he purchased the land because they are not making it anymore.. Additionally, through his personal investment firm, Cascade, Bill Gates owns approximately half of the Four Season Holdings' hotel chain. He hoped Gates would have invested in different farming techniques that could help turn around the ecological damages from big agriculture. The United States is defined by the excesses of its ruling class. 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 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. Bill and Melinda Gates' divorce puts massive farmland holdings in focus 23:06 GMT 15 Jan 2021 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. 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. Through his subsidiary Mt. The land that Bill Gates owns is used to grow soybeans, corn, cotton, and rice over 70,000 acres in northern Louisiana. 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. Its uncertain why Gates has invested in so much farmland or how his tracts are currently being used. Theres a more cynical calculation. Gates is not the only billionaire on The Land Report 's list of top private farmland owners. Gates and his wife own 269,000 acres of farmland. Well, youd think, if you're looking for somebody with enough capital to try that, he would go first. In 2014, Cascade Investments combined both of those companies and the land into Generations Farms, which continued to grow vegetables. And we think it will provide good inflation protection in the long run. 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 this country, enslaved Black labor first built US wealth atop stolen Native land. 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. Bill and Melinda have purchased numerous properties in Wellington, Florida, over the years. The opportunities are virtually endless. You may also be interested in why a billionaire wants land. Financial titans like Prudential and Hancock have divisions specifically for investors looking to make money on farmland portfolios. The largest. But he didn't, Quarterman said. His largest holding is in Louisiana (69,071 acres), followed by Arkansas (47,927 acres) and Arizona (25,750 acres). The agency further found that over 50 percent of cropland is rented to farmers who dont own their land. by Harvard Universitys Joint Center for Housing Studies. He owns 242,000 acres, which is equivalent to the area of Fannin County GA. 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. Why Bill Gates Is Buying Up U.S. Farmland - YouTube 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. So what is this guy planning? The tech mogul, who is the. Bill Gates is the largest private owner of American farmland, which is why so many people are wondering what he will use it for. Much of Turner's land is used as grazing land for over 50,000 head of buffalo . This means that you can find good deals that may be just the thing you are looking for. "The agriculture sector is important. 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. The Emmerson family owns and operates Sierra Pacific Industries, a company that logs usable lumber after forest fires and sells it to lumber retailers. 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. How the Mormon Church Beat Bill Gates in a Battle - The Daily Beast Since it works as an investment for him, it also includes the benefits of using land as an investment like he does. Is Bill Gates your farming neighbor? - Farm Progress That makes Invitation Homes the, largest operator of single-family rental homes in the country, but still represents, BlackRock also suggested it was being confused for the similarly-named i. nvestment management firm Blackstone, which until recently owned Invitation Homes. Who Owns More Land: Bill Gates, McDonald's or The Catholic Church? 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. 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. 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. Seems like there could be a lot to benefit more of their charities by selling some of this off. This could give you a place to relax or to even build a small vacation home. Malone made the decision to put billions of his wealth into land ownership after spending a summer working on a family farm in Pennsylvania. Bill Gates is now America's biggest farmer - The Telegraph 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. Recently, an article in Land Report stated that Bill Gates owns more American farmland than anyone else. 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. By Gates shares ownership with Saudi Prince Alwaleed bin Talalthe two purchased the chain in 2007 for $3.8 billion. 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. The Microsoft co-founder has reportedly purchased an $8.9 million Wyoming ranch that was once the stomping grounds of Buffalo Bill . 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. With more productive seeds we can avoid deforestation and help Africa deal with the climate difficulty they already face. 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. The attraction that people have to investing in farmland is that it tends to be countercyclical to the stock market. 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. 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. 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. The farmland real estate investment trust (REIT) Farmland Partners, which owns 156,500 acres in 16 US states, has seen its traded value more than double since November and is trading near an. 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. Some of that land, including nearly 300 acres, was sold in 2019 to the California-based Grimmway Farms, the worlds largest carrot producer. In January 2021, Bill Gates became the largest owner of farmland in the United States. 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. Bill Gates may be trading his pocket protector for cowboy boots. That crown belongs to Liberty Media chairman John Malone, who has 2.2 million acres, according to The Land Report. The average person has nothing in common with mega-landowners like Bill Gates or Ted Turner. These billionaires have nothing to offer us in terms of saving the planet unless its our land back. 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. In total he owns 268,984 acres of land of all types in 19 states, including a suburb up for development - as a so-called 'smart city' - outside Phoenix, Arizona. He owns 2m acres and has the worlds largest privately owned buffalo herd. In fact, this also means that you may not even have to apply for a loan to start the investment! LITTLE ROCK, Ark. 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 price makes this one of the most expensive home sales in this part of California ever. And not all the renters are local. That kind of hard work isnt what made him rich. We've received your submission. The value depends on a lot of factors including location, type of land, acreage, supply, demand, and more. Land holds ample opportunities for growth and development, yet you may find that there is more land than there is competition. 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. 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. Someone else is owning that asset, whether it's rented equipment or land. And that its going to take big swaths of land, like what Bill Gates has taken, to do that, said Konda Mason, the founder and president of Jubilee Justice and Potlikker Capital, which funds and supports regenerative agriculture projects owned by people of color. The outlet reported this week that Gates, 65, owns 268,984 acres of. Properties up for grabs include a $123million mansion with a trampoline room and a $43million oceanfront mansion with a ten-person jacuzzi. Public records suggest Cascade Investments has bought its farmland through a web of at least 22 limited liability shell companies across the country. 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. The Gates Foundation said in a statement that its agriculture efforts do not extend to farming in the U.S. Bill Gates owns massive parcels of farmland. It's not part of his plans Microsoft co-founder Bill Gates finally revealed the reasons behind his massive purchase of farmland: seed science and biofuel development. John Malone is the largest private landowner in the United States. 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. of the richest people in the country, owns less than one percent of the nations total farmland. Bill Gates now owns the most farmland of anyone in the United States, according to a recent report from The Land Report . According to 2021 article from the Land Report, a magazine about land ownership, Gates owns approximately 242,000 . Why Bill Gates is the largest private farmland owner in the - Vox It was the highest priced land sale in the US that year. The opportunities are virtually endless. Land holds ample opportunities for growth and development, yet you may find that there is more land than there is competition. When pressed during a book discussion on Reddit about why hes gobbling up so much farmland, Gates claimed, It is not connected to climate [change]. The decision, he said, came from his investment group. Cascade Investment, the firm making these acquisitions, is controlled by Gates. Behind Gates in terms of investment in farmland are the cofounders of the Wonderful Company, Stewart and Lynda Resnick, with 190,000 acres. When fully developed the area could be home to 200,000 residents and be similar in size to the Phoenix suburb of Tempe, The Land Report said. 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 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. Bill Gates Becomes the Largest Farmland Owner in the United - Peoplemag He now owns more farmland than my entire Native American nation. In Nebraska where he owns 20,000 acres, it is used for soybeans. Gates' purchase averaged $12,000 per acre. Brittany has been in the land business since 2020 when the world was starting to shut down. Plan for solar farm targets Gates' land - PressReader This can be an affordable way to get started with your raw land investments. Mason notes that trying to draw hard lines between ones philanthropic work and ones investments does not work. Bill and Melinda have diversified their portfolioworth more than $130 billionfor years, and one of their favorite investments is real estate. One of the Gates favorite vacation homes is in the Yellowstone Club in Big Sky, Montana. 4. Bill Gates' 20,000 acres in Nebraska help make him the top farmland Bill Gates has never been a farmer. More surprising, however, was the fact that Bill and Melinda Gates own more private farmland . America's Biggest Owner Of Farmland Is Now Bill Gates - Forbes 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 . Lets take a look at some of the reasons that land, particularly raw land, can be a good investment for Bill Gates or anybody else, including you. Bill and Melinda Gates, who recently announced theyre getting divorced and are dividing their assets, are deeply invested in American agriculture. An NBC News analysis also identified Gates as the largest farmland owner in the US. Where Does Bill Gates Own Farmland in the US. 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. 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. So while the tech mogul certainly owns a large constellation of farms, its nowhere close to the majority nationwide. Small farmers and Indigenous people are more cautious with the use of land. 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 13,573-square-foot home has six bedrooms, 11 bedrooms and more luxury features than you can count. This can potentially earn you tons of money. Bill Gates farm in Ohio could become giant Savion solar farm Reed family: Land area: 1.7 million acres. Beach House in Del Mar, California: $43 Million. 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. The January 11 issue of The Land Report is worth reading. Gates diversified his investment portfolio through land ownership, but why? FILE - Bill Gates attends a discussion during the 'Munich Security Conference' in Munich, Germany, Friday, Feb. 18, 2022. Listen to article. Bill Gates investment company, Cascade Investments, has invested in hundreds of thousands of acres of farmland in the last 10 years. 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." 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. In six years that number has more than doubled. Nick Estes is a citizen of the Lower Brule Sioux Tribe. 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. Can you imagine having that much property? Malone owns several ranching and real estate businesses predominantly in Maine, New Mexico, Colorado and Wyoming. Since then, weve sold to dozens of people from ATV weekend warriors to camping enthusiasts to retired truck drivers.