of the richest people in the country, owns less than one percent of the nations total farmland. Mason notes that trying to draw hard lines between ones philanthropic work and ones investments does not work. 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. Not only that, but it fits in with Gates values as a philanthropist because he can keep the farmland healthy for future generations. A MAP has revealed which billionaire owns the largest amount of land in the US - youll be shocked to know that it isnt Bill Gates. Lots of articles on this are full of "4D chess" speculations about climate change blah blah, but the real reason for this seems to be very simple: "just to collect rent." Thanks for contacting us. The 13,573-square-foot home has six bedrooms, 11 bedrooms and more luxury features than you can count. "The agriculture sector is important. If you are unsure where to start, you can also check country tax sales. While private companies and corporations are increasing . Bill Gates Land Grab - YouTube Through his subsidiary Mt. The family's 1.7 million acres of land are primarily spread across Washington, Oregon, and California. 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 conservation of lands is important, he said. Gates' purchase averaged $12,000 per acre. In north Louisiana, the Gateses investment firm owns about 70,000 acres of land through at least three other shell companies. Bill Gates was quietly becoming the biggest private owner of farmland in the United States. Every Property Bill and Melinda Gates Owned Together | RISMedia\'s For five generations, the Reed Family has owned and operated the logging company Green Diamond Resource Co. Back in January, US magazine The Land Report revealed that Bill and Melinda Gates have amassed the largest portfolio of private farmland in the US, comprising an estimated 242,000 acres. Why Bill Gates Is Buying Up U.S. Farmland - YouTube This means that there is not much to maintain on it unless you want to add your own buildings or other property. A 2018 purchase of 14,500 acres of prime eastern Washington farmland - which is traditional. That was a virus I got from Ted Turner.. Of those rentals, less than a third are owned by non-individual investors, according to a 2022 report by Harvard Universitys Joint Center for Housing Studies. Report: Bill Gates is largest owner of private farmland in U.S., with Wonderful Company cofounders Stewart and Lynda Resnick (net worth: $7.1 billion) ranked number three . 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 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. 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). In fact, he owns some of the land that produces potatoes used to make McDondalds french fries. 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. 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. 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. Investment firms are making the argument farmlands will meet carbon-neutral targets for sustainable investment portfolios while anticipating an increase of agricultural productivity and revenue. In January 2021, Bill Gates became the largest owner of farmland in the United States. The billionaire Microsoft co-founder has become the largest owner of farmland in the. 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 . What Land Does Bill Gates Own In Michigan? - PartyShopMaine Microsoft co-founder Bill Gates finally revealed the reasons behind his massive purchase of farmland: seed science and biofuel development. This means that you can find good deals that may be just the thing you are looking for. Is Bill Gates your farming neighbor? - Farm Progress Is this simply a diversification of Gates' massive tech investment portfolio? It was the highest priced land sale in the US that year. 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. In 1994 Bill and Melinda Gates are said to have hired Michael Larson to help them diversify their property portfolio. the latest American Housing Survey by the Census Bureau. A few years ago, Bill Gates has announced plans to build a smart city outside of Buckeye in Arizona. Housecall is the official blog of RISMedia, covering real estate news and information for agents, brokers and their clients. Bill Gates may be trading his pocket protector for cowboy boots. 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. 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. Renewable energy company Savion has an option to buy the property for what . 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, Undisclosed Sale Price (Listed for $8.9 Million). The title for largest landholdings overall goes to US businessman John Malone, chairman of Liberty Media, who owns 2.2million acres. 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. Bill Gates Becomes the Largest Farmland Owner in the United - Peoplemag He's one of the richest men in the world and the largest individual owner of farmland in the country. BlackRock also does not own the majority of the countrys 80 million single-family homes. CNN founder Ted Turner owns 2 million acres of land largely in New Mexico, South Dakota, Nebraska, and Georgia. Raw land is not developed. 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. How Much Land Does Bill Gates Own? | askBAMLand 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. Hes the landlord, or rather, the companies owned by his investment firm are the landlords. Bill Gates had managed to purchase nearly 269,000 acres of land in more than 12 states in the US. In addition, he owns 25,750 acres of transitional land and 1,234 acres of recreational land for total land holdings of 268,984 acres. Bill Gates may no longer be the world's richest man, but he can claim a new title: America's farmland king. 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. If not for climate, then why is Bill Gates buying so much farmland? Except, it seems, when it comes to a private individual selling some land to iconic billionaire Bill Gates. The extensive tax avoidance by these titans of industry will always far exceed their supposed charitable donations to the public. One of those farms, Stanley Farms, specialized in Vidalia onions, and another, Coggins Farms, focused on growing carrots. But they're just renting it. Why is Bill Gates buying up US farmland? - DW - 04/09/2021 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 will likely never be a bad investment, as long as the land is healthy and properly located. In Nebraska where he owns 20,000 acres, it is used for soybeans. - Bill and Melinda Gates are taking on the new title of the biggest farmland owners in the United States, with a good chunk of that ownership being in Arkansas. The gun and the whip may not accompany land acquisitions this time around. Who owns the most land in America? Jeff Bezos and John Malone are among With more productive seeds we can avoid deforestation and help Africa deal with the climate difficulty they already face. McDonald's french fries, carrots, onions: all of the foods that come 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. Bill Gates is the largest farmland owner in America: report - New York Post Exactly How Much Farm Land Does Bill Gates Own? It's More Than Any This can potentially earn you tons of money. Bill Gates Doesn't Own That Much Farmland | Aaron Smith He owns significantly more farmland than Minnesota's Offutt family and California's Resnick family, which each own 190,000 acres and rank second equal on the list.