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. Land can produce food, fuel, and manufacturing materials as well as provide environmental services, residential spaces, and more. Land is power, land is wealth, and, more importantly, land is about race and class. 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. Map reveals which billionaire owns largest amount of land in US - and 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 Gates is the biggest private owner of farmland in - The Guardian Bill Gates farm in Ohio could become giant Savion solar farm In Washington, the Gateses own more than 14,000 acres of farmland that includes potato fields so massive that they are visible from space and some of which are processed into french fries for McDonalds. Bill and Melinda bought this massive mansion in the Coachella Valley for $12.5 million in 1999. In total, Malone owns roughly 2.2million acres of land and has a net worth of around $9.22billion, earning him the nickname the Cable Cowboy.. Since it works as an investment for him, it also includes the benefits of using land as an investment like he does. A 2018 purchase of 14,500 acres of prime eastern Washington farmland - which is traditional. Bill Gates does not own the majority of U.S. farmland. While he owns a significant amount, it is a relatively small slice of the nations nearly 900 million total farm acres. 5. 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. 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 . . (Stephen Osman / Los Angeles Times via AP file), The buildings of the 100 Circles Farm are at the center of this satellite image. Single-family homes are priced between $5-25 million. Not only that, but it fits in with Gates values as a philanthropist because he can keep the farmland healthy for future generations. 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. 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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. Some of that land, including nearly 300 acres, was sold in 2019 to the California-based Grimmway Farms, the worlds largest carrot producer. of the richest people in the country, owns less than one percent of the nations total farmland. An NBC News analysis also identified Gates as the largest farmland owner in the US. 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. The farmland was purchased through a constellation of companies that all link back to the couples investment group, Cascade Investments, based in Kirkland, Washington. The 1862 Homestead Act opened up 270m acres of Indigenous territory which amounts to 10% of US land for white settlement. While land is a limited resource, there is still less competition for raw land than there is with residential and commercial real estate. Buffalo Bill Cody's Ranch in Cody, Wyoming: Undisclosed Sale Price (Listed for $8.9 Million). The foundation aims to support country-led inclusive agricultural transformation across sub-Saharan Africa and South Asia, according to its website. Microsoft co-founder Bill Gates finally revealed the reasons behind his massive purchase of farmland: seed science and biofuel development. So if now the best farmers can do if you want to stay in farming is rent this land, you're not going to get the benefits that come with land ownership.. Bill and Melinda Gates, who recently announced theyre getting divorced and are dividing their assets, are deeply invested in American agriculture. This could give you a place to relax or to even build a small vacation home. , updated In 2010 the Gates Foundation Trust invested about $23 million in Monsanto, the genetically modified seed and chemical company, though it sold its shares the next year following outcry from environmental groups. Bill Gates owns massive parcels of farmland. It's not part of his plans 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. 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. They own the soil where the potatoes in McDonald's french fries grow, the carrots from the world's largest . Beach House in Del Mar, California: $43 Million. 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'. His 242,000 acres of farmland stretch across 18 states from Washington to Florida,. The 13,573-square-foot home has six bedrooms, 11 bedrooms and more luxury features than you can count. 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. A few years ago, Bill Gates has announced plans to build a smart city outside of Buckeye in Arizona. In six years that number has more than doubled. Bill Gates owns more private farmland in the US than anyone else, an analysis by The Land Report found. In enrolling in Leading Harvest, Cascade has implemented new initiatives on its farmland holdings ranging from adding additional pollinator habitat in Nebraska to planting wildlife-friendly trees on dry pivot corners in Florida to hosting grain bin safety rescue training for the local community in Louisiana to converting numerous diesel power units to electric to reduce carbon output, to name a few, Zheren said. 4 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. 2021 Land Report: Who owns the most land in the United States? 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. The billionaire media mogul Ted Turner epitomizes such disparities. If you said investment, then you are right. And we think it will provide good inflation protection in the long run. Here is the . 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. The land that Bill Gates owns is used to grow soybeans, corn, cotton, and rice over 70,000 acres in northern Louisiana. Bill Gates tells Reddit why he's bought so much farmland - AFN ', In 2008, The Bill & Melinda Gates Foundation announced $306 million in grants designed to boost the yields and incomes of millions of small farmers in Africa as well as 'other parts of the developing world so they can lift themselves and their families out of hunger and poverty.'. Kroenke is married to Ann Walkton Kroenke, an heiress to the Wal-Mart fortune. They add it will take those with large parcels of land, like the Gateses U.S. farmland holdings, to do it. Raw land is not developed. Much of Turner's land is used as grazing land for over 50,000 head of buffalo the largest private herd of bison in the world. 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). This can potentially earn you tons of money. CNN founder Ted Turner owns 2 million acres of land largely in New Mexico, South Dakota, Nebraska, and Georgia. 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 . Bill Gates owns more land than all of the entire city of New Why Bill Gates Is Buying Up U.S. While Gates owns nearly 270,000 acres of farmland across the US, he isnt the largest landowner in the country. Bill and Melinda Gates own 70,000 acres of Louisiana farmland - NOLA The 14,000 acres in Washington is used for potatoes and in Florida the land is used for carrots. Right? Bill Gates may be trading his pocket protector for cowboy boots. Its a hedging strategy, said Daniel Bigelow, a professor of agricultural economics at Montana State University, who previously served as a USDA research economist. Agriculture is also a key focus area for the Bill & Melinda Gates Foundation, the massive charity run by Gates and his wife. Bill Gates now owns almost 242,000 acres of the continguous USA. Bill Gates acquired six parcels of land in Pembina County. At this valuation, Gates likely paid close to $2 billion for the luxury-hotel business. Another 5,500 acres was sold to Generation Land Georgia, a company that shares an address with Miami-based Optimum Agriculture, which bought Generations Farms in 2019. 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. 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. The Land Report revealed that Gates, who has a net worth of nearly $121 billion according to Forbes, has built up a massive 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. 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. But, As of February 2021, Gates has made headlines across the wor. Bill Gates is the largest private owner of American farmland, which is why so many people are wondering what he will use it for. 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. Can You Build A Wedding Venue On Residential Land? Bill Gates: America's Top Farmland Owner | The Land Report. Today, Bill Gates owns 242,000 acres of farmland in 19 states. These billionaires have nothing to offer us in terms of saving the planet unless its our land back. 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 [] And in Florida, farmers grow carrots on their property. His firms largest farmland acquisition happened in 2017, when it acquired 61 farming properties from a Canadian investment firm to the tune of $500m. 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. Mansion in Rancho Santa Fe, California: $18 Million. In fact, he owns some of the land that produces potatoes used to make McDondalds french fries. Bill Gates' North Dakota Land Purchase Sparks Questions Online - Newsweek 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. 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. The firm is a shareholder in Dallas-based Invitation Homes, which owns nearly 80,000 single-family rentals nationwide. 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. They said farmland has been a popular investment for a long time because of its stability. | Photo by Wikimedia Commons . 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). According to the Tri-City Herald, 14,500 acres of Eastern Washington farmland was recently sold to the couple for almost $171 millionthats nearly $12,000 an acre. 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. One of those farms, Stanley Farms, specialized in Vidalia onions, and another, Coggins Farms, focused on growing carrots. 4. 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. There, on Gates parcels, an industrial farm grows potatoes for McDonalds french fries. We loved familys outdoor adventures so much we started a land business just to help others buy their own land. The opportunities are virtually endless. But they're just renting it. 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. Stan Kroenke: Land area: 1.4 million acres. Except, it seems, when it comes to a private individual selling some land to iconic billionaire Bill Gates. The Gates Foundation said in a statement that its agriculture efforts do not extend to farming in the U.S. America's Biggest Owner Of Farmland Is Now Bill Gates - Forbes We've received your submission. Why Is Bill Gates Buying Farmland? You'll be Surprised - Land Income 07:04 GMT 16 Jan 2021. Renewable energy company Savion has an option to buy the property for what . The opportunities are virtually endless. That's one of the many takeaways from the 2021 Land Report 100, which is compiled each year by Land Report magazine. 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. As of 2020, industry reports show he owned about 0.027% of U.S. farmland. In fact, he reportedly owns more farmland than any other individual in America. The January 11 issue of The Land Report is worth reading. North Dakotans are outraged as Bill Gates, the largest private farmland 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. Gates diversified his investment portfolio through land ownership, but why? That's basically the motivation there. That kind of hard work isnt what made him rich. 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. The land we all live on should not be the sole property of a few. 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. Apparently Bill Gates now owns almost 242,000 acres of land in the United States. In fact, Gates is the owner of over 270,000 acres of farmland, which is worth over $700 million! Lemmon Holdings, the billionaire spent $80 million to purchase. But farmer advocates say the Gateses large-scale farm purchases dont make room for smaller farmers to break into the market. Behind Gates in terms of investment in farmland are the cofounders of the Wonderful Company, Stewart and Lynda Resnick, with 190,000 acres. It will not tell you that Bill Gates is your neighbor. 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. These states include: Arizona - 25,750 acres; Arkansas - 47,927 acres As the population grows in large cities, some people will inevitably want to move to the country. Bill Gates reveals reasons behind massive farmland purchases The United States is defined by the excesses of its ruling class. 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. The biggest shift in recent years from small to big farms was in the US. BlackRock, meanwhile, is also not the owner of the majority of single family houses in the country. 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. Report: Bill Gates is largest owner of private farmland in U.S., with