There are also growing trends revolving around the purchase of low acreage farmland and noncommercial farming. 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 . In fact, he reportedly owns more farmland than any other individual in America. Agriculture is also a key focus area for the Bill & Melinda Gates Foundation, the massive charity run by Gates and his wife. Bill and Melinda Gates, who recently announced they're getting divorced and are dividing their assets, are deeply invested in American agriculture. BlackRock is sometimes confused w/ Blackstone, which owned Invitation Homes. 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. While land is a limited resource, there is still less competition for raw land than there is with residential and commercial real estate. 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Although the Bill & Melinda Gates Foundation is not directly connected with Cascade or its investments, it also has a farmland initiative: Gates Ag One, established in the Greater St. Louis area, with a mission to help 'smallholder farmers adapt to climate change and make food production in low- and middle-income countries more productive, resilient, and sustainable. The Gates Foundation said in a statement that its agriculture efforts do not extend to farming in the U.S. The average person has nothing in common with mega-landowners like Bill Gates or Ted Turner. 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. That is a big chunk of land. Land can produce food, fuel, and manufacturing materials as well as provide environmental services, residential spaces, and more. The third richest man on the planet doesnt have a green thumb. Bill Gates now owns the most farmland of anyone in the United States, according to a recent report from The Land Report . Bill Gates, one of the most powerful billionaires in the world and co-founder of tech giant Microsoft, and wife Melinda are ending their 27-year marriage, the two tweeted in unison on Monday. Farmland CNBC 2.94M subscribers Subscribe 47K 4.5M views 1 year ago #CNBC Bill Gates made. His firms largest farmland acquisition happened in 2017, when it acquired 61 farming properties from a Canadian investment firm to the tune of $500m. This means that there is not much to maintain on it unless you want to add your own buildings or other property. Bill Gates has invested in various high-profile commercial properties through his personal investment company, Cascade. 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, the fourth richest person in the world, currently owns 242,000 acres of farmland, making him the top private farmland owner in America, according to Forbes. 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. There are more than 85 million single-family homes in the country, and only around 15 million of those are rentals, according to the latest American Housing Survey by the Census Bureau. In 2014, Cascade Investments combined both of those companies and the land into Generations Farms, which continued to grow vegetables. He owns 242,000 acres, which is equivalent to the area of Fannin County GA. The largest. 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. They own the soil where the potatoes in McDonald's french fries grow, the carrots from the world's largest . Theres a more cynical calculation. The opportunities are virtually endless. 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. 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'. If you are unsure where to start, you can also check country tax sales. 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. They bought and later sold an additional 6,000 acres in Georgia, NBC News found. In Nebraska where he owns 20,000 acres, it is used for soybeans. Bill Gates now owns almost 242,000 acres of the continguous USA. The project is in its early . And in Florida, farmers grow carrots on their property. But that could soon change. He owns 2m acres and has the worlds largest privately owned buffalo herd. BlackRock is sometimes confused w/ Blackstone, which owned Invitation Homes. 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. 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According to the Land Report 100 Research Team, that figure is currently more than twice that amount, which means Bill Gates, co-founder of Microsoft, has an alter ego: Farmer Bill, the guy who owns more farmland than anyone else in America. Bill and Melinda have purchased numerous properties in Wellington, Florida, over the years. 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. Right? Gates is not the only billionaire on The Land Report 's list of top private farmland owners. A 2018 purchase of 14,500 acres of prime eastern Washington farmland - which is traditional. In 2018 Gates reportedly bought about 16,000 acres in his home state of Washington, including a 14,500-acre tract in the Horse Heaven Hills region that was purchased for nearly $171 million from an insurance company that had paid $75million for it in 2010. Bill Gates has never been a farmer. Marjorie Taylor Greene SHAMES Former . 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. 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. In this country, enslaved Black labor first built US wealth atop stolen Native land. So why did the Land Report dub him Farmer Bill this year? So while the tech mogul certainly owns a large constellation of farms, its nowhere close to the majority nationwide. Behind Gates in terms of investment in farmland are the cofounders of the Wonderful Company, Stewart and Lynda Resnick, with 190,000 acres. It was the highest priced land sale in the US that year. It will not tell you that Bill Gates is your neighbor. The couple also snapped up an oceanfront home in San Diego County, California, last year, for a record making $43 million. In emails, BlackRock spokesman Christopher Beattie told The Associated Press that the firm. 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. It is possible to make high double digit returns on land that you bought for an affordable price only a few years prior. BlackRock also suggested it was being confused for the similarly-named investment management firm Blackstone, which until recently owned Invitation Homes. The land that Bill Gates owns is used to grow soybeans, corn, cotton, and rice over 70,000 acres in northern Louisiana. Farmland can be an investment in several ways. 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. 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. The company also took to Twitter to reject the false narrative. 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. 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. 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. 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. 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? Through his subsidiary Mt. 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. Raw land is not developed. He's one of the richest men in the world and the largest individual owner of farmland in the country. Farmland can be an investment in several ways. And the firm said its very supportive of sustainable farming. The potential is endless. Last year, Bill and Melinda purchased a sprawling beachfront 6-bedroom, 4-bath home in Del Mar, Californiaoutside of San Diegofor $43 million. The billionaire knows best mentality detracts from the deep-seated realities of colonialism and white supremacy, and it ignores those who actually know best how to use and live with the land. Bill Gates may be trading his pocket protector for cowboy boots. 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. Its a hedging strategy, said Daniel Bigelow, a professor of agricultural economics at Montana State University, who previously served as a USDA research economist. In Georgia and Florida, NBC News independently confirmed through research of property records that the Gateses investment firm owns more than 7,000 acres through two limited liability companies, Lakeland Sands and Lakeland Sands Florida, LLC. He also owns three hotels in Dublin, Ireland, and a fourth in Limerick. 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. Land holds ample opportunities for growth and development, yet you may find that there is more land than there is competition. TRENDING: OUCH! Gates' achievement, according to the report, is that he's largest private owner of farmland in the US. The comments below have not been moderated, By 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. ', 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.'.

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