We know that one of the best ways to sequester carbon is through the soil. The extensive tax avoidance by these titans of industry will always far exceed their supposed charitable donations to the public. The state's Republican Attorney General Drew Wrigley had inquired into the land sale, and on Wednesday issued a letter saying the transaction complied with an archaic anti-corporate [] Land holds ample opportunities for growth and development, yet you may find that there is more land than there is competition. | Photo by Wikimedia Commons . Bill and Melinda Gates' divorce puts massive farmland holdings in focus The Microsoft co-founder has reportedly purchased an $8.9 million Wyoming ranch that was once the stomping grounds of Buffalo Bill . Farmers just aren't owning the assets anymore. Why Is Bill Gates Buying Farmland? How Much Does He Own? - Farmfolio Bill Gates owns more land than all of the entire city of New Why Bill Gates Is Buying Up U.S. In fact, he reportedly owns more farmland than any other individual in America. Since it works as an investment for him, it also includes the benefits of using land as an investment like he does. Bill and Melinda Gates Own 70,000 Acres of Louisiana Farmland; What Bill Gates, who already owns close to 270,000 acres of land in the U.S Bill Gates' North Dakota Land Purchase Sparks Questions Online - Newsweek We Now Know Why Creepy Bill Gates Invested in All of That US Farmland 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). In Nebraska where he owns 20,000 acres, it is used for soybeans. The average person has nothing in common with mega-landowners like Bill Gates or Ted Turner. 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 third richest man on the planet doesnt have a green thumb. 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. That means Gates, whose net worth is estimated at some $134 billion. A hint at Gates huge farm holdings emerged in a 2014 Wall Street Journal profile of Michael Larson, the money manager who serves as Cascades chief investment officer. Last year, Bill and Melinda purchased a sprawling beachfront 6-bedroom, 4-bath home in Del Mar, Californiaoutside of San Diegofor $43 million. Beach House in Del Mar, California: $43 Million. Thats where the Gateses began buying land in 2013 through two limited liability corporations registered to an address in Kirkland by Derek Yurosek, then head of agriculture operations for Cascade. He is an assistant professor in the American studies department at the University of New Mexico. While land is a limited resource, there is still less competition for raw land than there is with residential and commercial real estate. 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. So why did the Land Report dub him Farmer Bill this year? Several Properties in Wellington, Florida: $27.2 Million (Total). Buffalo Bill Cody's Ranch in Cody, Wyoming: Undisclosed Sale Price (Listed for $8.9 Million). Who owns the most land in America? Jeff Bezos and John Malone are among If you said investment, then you are right. Weve never been one of the big institutional buyers of single family homes, BlackRock, single-family rentals nationwide. The title for largest landholdings overall goes to US businessman John Malone, chairman of Liberty Media, who owns 2.2million acres. Residents Furious When Bill Gates Swoops in to Buy Huge - Futurism Our inventory spans five western states. 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. Malone's 2.2 million acres are largely located in Maine, New Mexico, Colorado, and Wyoming and include profitable cattle ranches. It may even be easier to sell smaller lots than it would be to market the entire portion of land that you invest in. In an interview with CNBC, Malone said that his biggest motivation for purchasing land was preservation and he said he hopes to buy more. 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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. Bill Gates does not own the majority of U.S. 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. Farmer Bill - The Land Report McDonald's french fries, carrots, onions: all of the foods that come They add it will take those with large parcels of land, like the Gateses U.S. farmland holdings, to do it. CNN founder Ted Turner owns 2 million acres of land largely in New Mexico, South Dakota, Nebraska, and Georgia. 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. But they're just renting it. There . He said that this is where large tracts of rich farmland is used to raise livestock and grow many of the vegetables that end up in grocery aisles up and down the East Coast. 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. 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. Weve never been one of the big institutional buyers of single family homes, BlackRock said in response to one tweet. Cascade declined to comment on its specific land holdings. 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. Bill Gates is now the largest private landowner in the country. Gates portfolio comprises about 242,000 acres of farmland and nearly 27,000 acres of other land across 19 states, according to The Land Report, a magazine for land investors that tracks the nations biggest landowners. Bill Gates reveals reasons behind massive farmland purchases 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. Today, Bill Gates owns 242,000 acres of farmland in 19 states. Through his subsidiary Mt. 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. 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. Farmland can be an investment in several ways. BlackRock, meanwhile, is also not the owner of the majority of single family houses in the country. Recently, an article in Land Report stated that Bill Gates owns more American farmland than anyone else. Bill Gates now owns almost 242,000 acres of the continguous USA. 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. 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. 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. Bill Gates Called Out By Farmer For Secretly Buying Up US Farmland: 'I If you are unsure where to start, you can also check country tax sales. 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. Its uncertain why Gates has invested in so much farmland or how his tracts are currently being used. Nor does he put in the back-breaking labor humble people do to grow our food and who get far less praise for it. It is possible to make high double digit returns on land that you bought for an affordable price only a few years prior. The agency further found that over 50 percent of cropland is rented to farmers who dont own their land. The billionaire says he purchased the land because they are not making it anymore.. In January 2021, Bill Gates became the largest owner of farmland in the United States. This way, the land will remain productive and healthy, while also becoming a money-driving investment. Listen to article. The opportunities are virtually endless. . 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. Bill Gates may be trading his pocket protector for cowboy boots. TRENDING: OUCH! | 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. These billionaires have nothing to offer us in terms of saving the planet unless its our land back. Bill Gates now owns more farmland than anyone else in the United States, as the tech tycoon has quietly purchased 242,000 acres of farmland in several states across the country. , said his investment group was behind the purchases, and suggested it was linked to seed and biofuel development. Why Bill Gates Is Buying Up U.S. Farmland - YouTube 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 . Bill Gates shoots down rumored Chinese link to N.D. farmland Our era is dominated by the ultra-rich, the climate crisis and a burgeoning green capitalism. But a Gates spokesperson said in a statement on Friday that the claim that hes bought the majority of the nations farmland is false, pointing to a U.S. Department of Agriculture report from February that showed there were more than 895 million total acres of farmland in the country last year. 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. One of those farms, Stanley Farms, specialized in Vidalia onions, and another, Coggins Farms, focused on growing carrots. More surprising, however, was the fact that Bill and Melinda Gates own more private farmland . Bill Gates may no longer be the worlds richest man, but he can claim a new title: Americas farmland king. 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. We think we now know. BlackRock is sometimes confused w/ Blackstone, which owned Invitation Homes. Does Bill Gates Own the Majority of US Farmland? | Snopes.com Bill Gates Approved to Buy Acres of Farmland in North Dakota - IJR 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. Adjusted for inflation, average farm real estate values have generally risen since 1993, growing from less than $1,500 an acre in the mid-90s to over $3,000 an acre in 2020, according to the USDA. If they purchased the rest of their farmland for similar prices, that would put the value of their 242,000 acres at almost $3 billion. In fact it is so big that it is a little hard to conceptualize. Gates and his investment team own more than 240,000 acres, as reported by Eric O'Keefe, including 2,167 acres in Michigan. 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). 07:04 GMT 16 Jan 2021. This can potentially earn you tons of money. Follow Bill Gates: Do Not Invest In Tech, Invest In Farmland - Gizchina.com