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. Here is an overview of all of the property the couple owned together at the time of their divorce: Bill and Melinda dont publicly discuss this topic often, but they are the top owners of farmland in the U.S. With some 242,000 acres, the estimated value of their farmland is in the billions. 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. Every Property Bill and Melinda Gates Owned Together | RISMedia\'s 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. from February that showed there were more than 895 million total acres of farmland in the country last year. Financial titans like Prudential and Hancock have divisions specifically for investors looking to make money on farmland portfolios. Inside Bill Gates' $80BILLION property empire - The US Sun 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. The land that Gates owns is located in several states and consists primarily of commercial farmland. if(typeof ez_ad_units!='undefined'){ez_ad_units.push([[300,250],'askbamland_com-leader-1','ezslot_8',107,'0','0'])};__ez_fad_position('div-gpt-ad-askbamland_com-leader-1-0'); Even if you buy the land with the purpose of selling it at a later time when the area undergoes more development, you can still use the land in the meantime. Gates owns almost 9,000 acres in Ohio, just over 9,000 acres in Indiana, nearly 18,000 in Illinois, but only 552 acres in Iowa. So while the tech mogul certainly owns a large constellation of farms, its nowhere close to the majority nationwide. Bill Gates, who already owns close to 270,000 acres of land in the U.S That doesnt mean that every piece of land is a good investment, but a significant amount of land will offer a high return on investment. Why Is Bill Gates Buying Farmland? How Much Does He Own? - Farmfolio 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. Bill Gates farm in Ohio could become giant Savion solar farm Through Sierra Pacific, the family owns some 2 million acres in California and Washington. 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. 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. 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. 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. They own the soil where the potatoes in McDonald's french fries grow, the carrots from the world's largest . The 13,573-square-foot home has six bedrooms, 11 bedrooms and more luxury features than you can count. Farmer Bill. Brittany has been in the land business since 2020 when the world was starting to shut down. Weve been trained by experience, land acquisition courses, and hundreds of hours meeting with county assessors and clerks, zoning officials, realtors, and land investors. The agency further found that over 50 percent of cropland is rented to farmers who dont own their land. It is unclear why Gates, better known as a self-confessed computing 'nerd', has invested in farmland so heavily, and details of the land are scarce,as revealed in The Land Report. Land can produce food, fuel, and manufacturing materials as well as provide environmental services, residential spaces, and more. That's basically the motivation there. The biggest shift in recent years from small to big farms was in the US. *According to figures compiled by The Land Report in 2019. 2023 NYP Holdings, Inc. All Rights Reserved, BillGatesbuys nearly $1B Heineken stake despite not being a big beer drinker, Bill Gates daughter living in $51M NYC home as she welcomes first baby, Elites want to use AI to censor political opponents, Bill Gates claims his private jet habit not part of the climate problem. Social media users are falsely claiming that Gates owns the majority of U.S. farmland. 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 . 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. But why do a handful of people own so much land? This map shows that area as a rectangle that can be dragged. You may have heard that Bill Gates owns a lot of land, but you may not know how much. With more productive seeds we can avoid deforestation and help Africa deal with the climate difficulty they already face. In Nebraska where he owns 20,000 acres, it is used for soybeans. Bill Gates owns a lot of American farmland, but not the majority 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. In terms of agriculture and his practices Bill Gates, Microsoft billionaire, may be more than . The company also took to Twitter to reject the false narrative. There are also growing trends revolving around the purchase of low acreage farmland and noncommercial farming. Bill Gates uses farmland as investment vehicle, owning 269,000 acres of land. You can email us at contact@askbamland.com. 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. Bill Gates is investing big in American farmland | Crosscut Properties up for grabs include a $123million mansion with a trampoline room and a $43million oceanfront mansion with a ten-person jacuzzi. Land holds ample opportunities for growth and development, yet you may find that there is more land than there is competition. The extensive tax avoidance by these titans of industry will always far exceed their supposed charitable donations to the public. 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. 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. Weve answered hundreds of questions from people regarding the buying and use of land. North Dakotans are outraged as Bill Gates, the largest private farmland Though the Gateses are major owners of American farmland, the couples holdings only represent a fraction of the 283 million acres of farmland that is owned and rented out by nonfarmers. 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 . It can be used for residential development, commercial projects, industrial zoning, public or semi-public use, agriculture, or right of way (a way for others to access a different piece of land or portion of the land). BlackRock, meanwhile, is also not the owner of the majority of single family houses in the country. But that could soon change. Much of Turner's land is used as grazing land for over 50,000 head of buffalo . 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. In fact, he reportedly owns more farmland than any other individual in America. Apparently Bill Gates now owns almost 242,000 acres of land in the United States. 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. 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. 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. Since 2017 he reportedly holds a significant stake in 24,800 acres of land on the west side of Phoenix. Since it works as an investment for him, it also includes the benefits of using land as an investment like he does. How Much Land Does Bill Gates Own? | askBAMLand 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. We Now Know Why Creepy Bill Gates Invested in All of That US Farmland In fact, Gates is the owner of over 270,000 acres of farmland, which is worth over $700 million! In six years that number has more than doubled. The project is in its early . The average person has nothing in common with mega-landowners like Bill Gates or Ted Turner. Bill Gates currently owns over 268,000 acres of American farmland spread out over 19 states. Malone continued, the forestry part of it in the Northeast is a pretty good business, with very low return on capital, but very stable and leverageable. And we think it will provide good inflation protection in the long run. The billionaire media mogul Ted Turner epitomizes such disparities. The comments below have not been moderated, By According to O'Keefe, Gates isn't the only one making moves on the farmland market, especially as farm real estate values nationwide increased 7% from 2020 to $3,390 per acre. Gates and his investment team own more than 240,000 acres, as reported by O'Keefe, including 2,167 acres in Michigan.
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