Why does Bill Gates own so much farmland? - FoodIndustry.Com If you are unsure where to start, you can also check country tax sales. Members of the Stanley family now work for Generations. | Photo by Wikimedia Commons . It was the highest priced land sale in the US that year. But, As of February 2021, Gates has made headlines across the wor. 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. That kind of hard work isnt what made him rich. Inside Bill Gates' $80BILLION property empire - The US Sun 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. That land is now largely rented out to various farmers. Since 2017 he reportedly holds a significant stake in 24,800 acres of land on the west side of Phoenix. He added: 'In addition, the states oldest winery, Chateau Ste. BILL Gates' $80billion property empire now hangs in the balance after he and his wife of 27 years announced they are divorcing. Bill Gates Is The Largest Owner Of Farmland In The US - Nation Listen to article. We loved familys outdoor adventures so much we started a land business just to help others buy their own land. The Microsoft co-founder has reportedly purchased an $8.9 million Wyoming ranch that was once the stomping grounds of Buffalo Bill . This could allow you to sell or lease the individual lots of land on the property. Bill Gates now owns almost 242,000 acres of the continguous USA. One of the Gates' favorite vacation homes is in the Yellowstone Club in Big Sky, Montana. 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. Bill Gates owns a lot of American farmland, but not the majority Public records suggest Cascade Investments has bought its farmland through a web of at least 22 limited liability shell companies across the country. 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. 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. They add it will take those with large parcels of land, like the Gateses U.S. farmland holdings, to do it. In other words, when the economy is struggling, the value of farmland generally doesnt depreciate. 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. Learn more about fact-checking at AP. Bill Gates found to be the largest farmland owner in the U.S - KARK Last year, Bill and Melinda purchased a sprawling beachfront 6-bedroom, 4-bath home in Del Mar, Californiaoutside of San Diegofor $43 million. 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. Bill Gates may be trading his pocket protector for cowboy boots. The comments below have not been moderated, By Gates-affiliated ownership covers vast swaths of farm and timberland, estimated to be 69,071 acres in all by niche land ownership publication The Land Repor t. Across the nation, Gates'. 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 . For five generations, the Reed Family has owned and operated the logging company Green Diamond Resource Co. , updated They said farmland has been a popular investment for a long time because of its stability. Bill Gates has never been a farmer. The price makes this one of the most expensive home sales in this part of California ever. 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. Farmer Bill - The Land Report In Nebraska where he owns 20,000 acres, it is used for soybeans. This means that you can find good deals that may be just the thing you are looking for. Malone owns several ranching and real estate businesses predominantly in Maine, New Mexico, Colorado and Wyoming. 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. Is Bill Gates your farming neighbor? - Farm Progress Bill and Melinda Gates' divorce puts massive farmland holdings in focus 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. Brittany has been in the land business since 2020 when the world was starting to shut down. 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." 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? This number stems from last year's edition of . The Gates Rancho Santa Fe estate was purchased in 2014 because of its horse stables and proximity to a local race horse track. Gates and his wife own 269,000 acres of farmland. He now owns more farmland than my entire Native American nation. His firms largest farmland acquisition happened in 2017, when it acquired 61 farming properties from a Canadian investment firm to the tune of $500m. (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. 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). 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. You can also look at local resources in your area to see where land is being bought or sold. Bill Gates may no longer be the worlds richest man, but he can claim a new title: Americas farmland king. The Microsoft co-founder faced several claims that he owned a majority of America's farmland earlier this year. It also offers proven return rates. As of 2020, industry reports show he owned about 0.027% of U.S. farmland. 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 and Melinda Gates, who recently announced they're getting divorced and are dividing their assets, are deeply invested in American agriculture. 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. While private companies and corporations are increasing . To put that into perspective, thats nearly the size of Hong Kong and twice the acreage of the Lower Brule Sioux Tribe, where Im an enrolled member. MINOT, N.D. North Dakotans like to pride themselves on being pro-property rights. 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.. NBC News also found that another 6,500 acres in north Florida are owned by yet another company, Suwannee River Terra, which was also started with an address in Kirkland and an email address from the Bill and Melinda Gates Investment Firm, which is now registered to the current chief counsel of Oak River Farms with a mailing address in Kansas, according to property records. Through Sierra Pacific, the family owns some 2 million acres in California and Washington. 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. 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. There is only a certain amount of land available on earth. There . 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. The land that Bill Gates owns is used to grow soybeans, corn, cotton, and rice over 70,000 acres in northern Louisiana. 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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. He owns 2m acres and has the worlds largest privately owned buffalo herd. Land holds ample opportunities for growth and development, yet you may find that there is more land than there is competition. The report on US Land Ownership ("Land Ownership Report" / 1-21-22) indicates that Bill Gates, the founder of Microsoft and holder of 45% of its shares, is the main owner of North American land, owner of an area of more than 250,000 acres (101,171.4 hectares) deployed throughout the immense US territory, the fourth in the world in order of . Bill and Melinda Gates own 70,000 acres of Louisiana farmland - NOLA 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. Bill and Melinda Gates Own 70,000 Acres of Louisiana Farmland; What Our exposure to Invitation Homes is owning its stock in mutual funds we manage, not buying houses w/ them,. Which is where the Bill Gates' Land Ownership interactive map comes in. They own the soil where the potatoes in McDonalds french fries grow, the carrots from the worlds largest producer and the onions that Americans saut every night for dinner. About 40 percent of farmland is owned by seniors 65 or older, according to 2014 estimates by the U.S. Department of Agriculture, meaning more farmland is expected to come on the market soon. Bill Gates' Land Ownership. I mean, it is unlikely that one of the richest people in the world would invest in something that wasnt a good investment, right? from February that showed there were more than 895 million total acres of farmland in the country last year. Farmland can be an investment in several ways. One of the Gates favorite vacation homes is in the Yellowstone Club in Big Sky, Montana. Gates is not the only billionaire on The Land Report 's list of top private farmland owners. In Nebraska where he owns 20,000 acres, it is used for soybeans. A Grimmway Farms employee moves a water pipe at one of their carrot farms in the Antelope Valley near Lancaster, Calif., in 2004. 2021 Land Report: Who owns the most land 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. But why do a handful of people own so much land? Why is Bill Gates buying up US farmland? - DW - 04/09/2021 Malone's 2.2 million acres are largely located in Maine, New Mexico, Colorado, and Wyoming and include profitable cattle ranches. Well, youd think, if you're looking for somebody with enough capital to try that, he would go first. It is unclear how cheap biofuels can be but if they are cheap it can solve the aviation and truck emissions.. 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. Bill Gates may no longer be the world's richest man, but he can claim a new title: America's farmland king. It may even be easier to sell smaller lots than it would be to market the entire portion of land that you invest in. Gates' achievement, according to the report, is that he's largest private owner of farmland in the US. The worlds richest 1% emit double the carbon of the poorest 50%, an 2020 Oxfam study found. Gates diversified his investment portfolio through land ownership, but why? This can be an affordable way to get started with your raw land investments. 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.
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