bill gates land ownership map bill gates land ownership map

Not only that, but it fits in with Gates values as a philanthropist because he can keep the farmland healthy for future generations. Quarterman guessed that may be because Bill Gates isnt the one doing the farming. The land is owned both directly and indirectly by Cascade Investment, the Seattle-area firm that Gates the worlds third-richest man with a net worth of $132 billion, according to Bloomberg set up to manage his massive fortune, according to The Land Report. 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. Housecall is the official blog of RISMedia, covering real estate news and information for agents, brokers and their clients. 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. This could allow you to sell or lease the individual lots of land on the property. Bill Gates may no longer be the world's richest man, but he can claim a new title: America's farmland king. It will not tell you that Bill Gates is your neighbor. Dr. Alan Busacca, professor emeritus at Washington State University, told Land Report at the time that the fertile land in the area was used for growing 'apples, cherries, carrots, dryland and irrigated wheat, and row and field crops'. 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. Malone's 2.2 million acres are largely located in Maine, New Mexico, Colorado, and Wyoming and include profitable cattle ranches. The farmland was purchased through a constellation of companies that all link back to the couples investment group, Cascade Investments, based in Kirkland, Washington. His first major purchase was Bell Ranch in New Mexico, a 290,100-acre plain saturated with mesas, rimrock canyons, pastures and a bell-shaped mountain. The 66,000-square-foot home overlooks Lake Washington and, although there is no exact estimate of the homes value currently, it had a total assessed value of $147.5 million on 2009 property tax documents. You can read more about us, here. In this country, enslaved Black labor first built US wealth atop stolen Native land. Farmers just aren't owning the assets anymore. Its a hedging strategy, said Daniel Bigelow, a professor of agricultural economics at Montana State University, who previously served as a USDA research economist. 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. 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. 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. In fact, he owns some of the land that produces potatoes used to make McDondalds french fries. Theres a more cynical calculation. 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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. That is a big chunk of land. The Gates family currently [] False. 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. When Quarterman first heard about Gates firm buying land in the area, he began digging through local property records, linking addresses and business records from registered owners to Kirkland-based companies, until he was able to piece together that the companies buying multiple tracts of land in the Suwannee River Basin were all a shell of a shell of a shell company investing for Bill Gates. NBC News independently confirmed that there were, in fact, shell companies tracing back to Gates firm that purchased 6,021 acres across four counties in Georgia. But that could soon change. The largest. In fact it is so big that it is a little hard to conceptualize. He now owns more farmland than my entire Native American nation. Bill Gates is best known for revolutionizing personal computing, but lately he's gotten back to the land. The billionaire couple, in less than a. "The agriculture sector is important. 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. His firms largest farmland acquisition happened in 2017, when it acquired 61 farming properties from a Canadian investment firm to the tune of $500m. 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. 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. The opportunities are virtually endless. This number stems from last year's edition of . Financial titans like Prudential and Hancock have divisions specifically for investors looking to make money on farmland portfolios. BlackRock also does not own the majority of the countrys 80 million single-family homes. There is only a certain amount of land available on earth. 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. from February that showed there were more than 895 million total acres of farmland in the country last year. But they're just renting it. This means that you can find good deals that may be just the thing you are looking for. What expertise in climate science or agriculture Gates possesses beyond being filthy rich is anyones guess. As more and more land gets developed, if you own land that is in the path of the plan, you could have buyers offering you big money to take hold of the property. The land that Bill Gates owns is used to grow soybeans, corn, cotton, and rice over 70,000 acres in northern Louisiana. More surprising, however, was the fact that Bill and Melinda Gates own more private farmland . A 2018 purchase of 14,500 acres of prime eastern Washington farmland which is traditional Yakama territory for $171m helped him get that title. 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. 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. Bill Gates uses farmland as investment vehicle, owning 269,000 acres of land. At this valuation, Gates likely paid close to $2 billion for the luxury-hotel business. *According to figures compiled by The Land Report in 2019. They own the soil where the potatoes in McDonald's french fries grow, the carrots from the world's largest . 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. He also reportedly owns 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. In May, Bill Gates also transferred about $850 million in shares of the agricultural machinery company John Deere to his wife after the two shared publicly their plans to divorce. The 13,573-square-foot home has six bedrooms, 11 bedrooms and more luxury features than you can count. 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. Several Properties in Wellington, Florida: $27.2 Million (Total). By Social media users are falsely claiming that Gates owns the majority of U.S. farmland. 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. While land is a limited resource, there is still less competition for raw land than there is with residential and commercial real estate. But theyre far better known for their work in tech and in trying to save the climate. In emails, BlackRock spokesman Christopher Beattie told The Associated Press that the firm primarily invests in retail, office buildings, hotels and apartment complexes, rather than single-family homes, but he declined to provide a breakdown. Gates achievement, according to the report, is that hes largest private owner of farmland in the US. There are also ways to generate passive income on the land without selling it because you can lease the land or sell the mineral rights, among other methods. In total, Gates owns approximately 242,000 acres of farmland with assets totaling more than $690m. The price makes this one of the most expensive home sales in this part of California ever. , updated 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. But why do a handful of people own so much land? Malone made the decision to put billions of his wealth into land ownership after spending a summer working on a family farm in Pennsylvania. 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. LITTLE ROCK, Ark. (AP Photo/Michael Probst, File ), Connect with the definitive source for global and local news. According to Forbes, the worlds billionaires saw their wealth swell by $1.9tn in 2020, while more than 22 million US workers (mostly women) lost their jobs. 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. That kind of hard work isnt what made him rich. Bill Gates had managed to purchase nearly 269,000 acres of land in more than 12 states in the US. So what is this guy planning? 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. The Microsoft co-founder and his former wife, Melinda, are the top farmland owners in. 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. Like other investment opportunities, you can find land for sale online. The acquisitions are held directly, as well as through Gates' personal investment entity, Cascade Investments. 07:04 GMT 16 Jan 2021. We know that one of the best ways to sequester carbon is through the soil. The opportunities are virtually endless. 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. Our exposure to Invitation Homes is owning its stock in mutual funds we manage, not buying houses w/ them, BlackRock tweeted. Bill Gates now owns the most farmland of anyone in the United States, according to a recent report from The Land Report . Bill Gates now owns almost 242,000 acres of the continguous USA. While Gates is Americas biggest farmland owner, hes far from being the nations largest landowner in general. In north Louisiana, the Gateses investment firm owns about 70,000 acres of land through at least three other shell companies. of the richest people in the country, owns less than one percent of the nations total farmland. The Microsoft co-founder acquired 14,500 acres of the fertile land in 2018, helping to make him the largest private farmland owner in the US, with total holdings of almost 250,000 acres,. Not only is it usable by you, but land can be used for so many different things. Investors generally are nevertheless buying an increasing share of the U.S. housing market. The United States is defined by the excesses of its ruling class. Gates has been buying land like its going out of style. Some of that land, including nearly 300 acres, was sold in 2019 to the California-based Grimmway Farms, the worlds largest carrot producer. Bill and Melinda Gates also cracked the Land Report's Top 100 Landowners for the first time coming in at number 49. 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. 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. Land holds ample opportunities for growth and development, yet you may find that there is more land than there is competition. Agriculture is also a key focus area for the Bill & Melinda Gates Foundation, the massive charity run by Gates and his wife. There farmers primarily grow soybeans, rice, corn and cotton. In 1994 Bill and Melinda Gates are said to have hired Michael Larson to help them diversify their property portfolio. The firm is a shareholder in Dallas-based Invitation Homes, which owns nearly 80,000 single-family rentals nationwide. The foundation aims to support country-led inclusive agricultural transformation across sub-Saharan Africa and South Asia, according to its website. A 2014 Wall Street Journal profile of Larson, Cascade's chief investment officer, hinted at the beginning of that portfolio, after 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.'. Bill Gates is the largest private owner of American farmland, which is why so many people are wondering what he will use it for. Farmland can be an investment in several ways. In an interview with CNBC, Malone said that his biggest motivation for purchasing land was preservation and he said he hopes to buy more. When Bill Gates, or whatever other investment arm owns the land, a farmer still needs to farm it. It is unclear how cheap biofuels can be but if they are cheap it can solve the aviation and truck emissions.. 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. So while the tech mogul certainly owns a large constellation of farms, its nowhere close to the majority nationwide. Bill Gates has never been a farmer. In 2009, the Gates' reportedly purchased a ranch in Wyoming that once belonged to Buffalo Bill Cody. BILL Gates' $80billion property empire now hangs in the balance after he and his wife of 27 years announced they are divorcing. 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 . While he owns a significant amount, it is a relatively small slice of the nations nearly 900 million total farm acres. Since it works as an investment for him, it also includes the benefits of using land as an investment like he does. 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. The project is in its early . Public records suggest Cascade Investments has bought its farmland through a web of at least 22 limited liability shell companies across 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. 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. The company also took to Twitter to reject the false narrative. 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 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. Its uncertain why Gates has invested in so much farmland or how his tracts are currently being used. 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. John Malone is the largest private landowner in the United States. The worlds richest 1% emit double the carbon of the poorest 50%, an 2020 Oxfam study found. 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. Marjorie Taylor Greene SHAMES Former . The average person has nothing in common with mega-landowners like Bill Gates or Ted Turner. Investors bought a record 18.4% of the homes purchased in the fourth quarter of 2021 three-quarters of which were single-family homes. The area off Interstate 10, called Belmont, has space for 80,000 homes as well as more than 4,000 acres for schools, offices, and stores; and 3,400 acres of open space. But farmer advocates say the Gateses large-scale farm purchases dont make room for smaller farmers to break into the market. Weve never been one of the big institutional buyers of single family homes, BlackRock, single-family rentals nationwide. This means that there is not much to maintain on it unless you want to add your own buildings or other property. With more productive seeds we can avoid deforestation and help Africa deal with the climate difficulty they already face. 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 land that Bill Gates owns is used to grow soybeans, corn, cotton, and rice over 70,000 acres in northern Louisiana. Where Does Bill Gates Own Farmland in the US. 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. FILE - Bill Gates attends a discussion during the 'Munich Security Conference' in Munich, Germany, Friday, Feb. 18, 2022. 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.