Agriculture is also a key focus area for the Bill & Melinda Gates Foundation, the massive charity run by Gates and his wife. After all, few can out-bid Bill Gates. While most people do not have the ability to buy hundreds of thousands of acres of farmland like Bill Gates, anybody can look at land as an investment opportunity to take advantage of. The report on US Land Ownership ("Land Ownership Report" / 1-21-22) indicates that Bill Gates, the founder of Microsoft and holder of 45% of its shares, is the main owner of North American land, owner of an area of more than 250,000 acres (101,171.4 hectares) deployed throughout the immense US territory, the fourth in the world in order of . Bill Gates acquired six parcels of land in Pembina County. 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. For five generations, the Reed Family has owned and operated the logging company Green Diamond Resource Co. 07:04 GMT 16 Jan 2021. Its a hedging strategy, said Daniel Bigelow, a professor of agricultural economics at Montana State University, who previously served as a USDA research economist. Bill Gates Is The Largest Owner Of Farmland In The US - Nation 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. This could allow you to sell or lease the individual lots of land on the property. 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,. Farmland CNBC 2.94M subscribers Subscribe 47K 4.5M views 1 year ago #CNBC Bill Gates made. They add it will take those with large parcels of land, like the Gateses U.S. farmland holdings, to do it. 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. Gates and his investment team own more than 240,000 acres, as reported by Eric O'Keefe, including 2,167 acres in Michigan. | Photo by Wikimedia Commons . While land is a limited resource, there is still less competition for raw land than there is with residential and commercial real estate. 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. Bill Gates tells Reddit why he's bought so much farmland - AFN Plan for solar farm targets Gates' land - PressReader Follow Bill Gates: Do Not Invest In Tech, Invest In Farmland - Gizchina.com Bill Gates does not own the majority of U.S. farmland. Dailymail.com Reporter, Meet John Malone of Liberty Global the Darth Vader of Wall Street and the man who wants a slice of Formula One, Bill Gates is accused of hypocrisy after joining bidding war to buy the world's largest private jet operator - one month before he releases his book preaching about climate change, Isabel Oakeshott receives 'menacing' message from Matt Hancock, Insane moment river of rocks falls onto Malibu Canyon in CA, Mom who lost both sons to fentanyl blasts laughing Biden, Pavement where disabled woman gestured at cyclist before fatal crash, Pro-Ukrainian drone lands on Russian spy planes exposing location, 'Buster is next!' Do whatever you want to with the land as the value increases. Why should striking rail and postal workers get a big pay rise while our pay packets remain stagnant or worse? Report: Bill Gates is largest owner of private farmland in U.S., with Michelle, has two of its largest vineyards in that AVA: Canoe Ridge Vineyard and Columbia Crest Vineyard. Bill Gates is the biggest private owner of farmland in - The Guardian You may have heard that Bill Gates owns a lot of land, but you may not know how much. Weve never been one of the big institutional buyers of single family homes, BlackRock, single-family rentals nationwide. 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. 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. The gun and the whip may not accompany land acquisitions this time around. Bill Gates shoots down rumored Chinese link to N.D. farmland . Inside Bill Gates' $80BILLION property empire - The US Sun But Zehren of Cascade noted that the firm has been working in Florida and elsewhere to promote ecologically conscious agriculture and that it plans to continue to evaluate its farmland portfolio to improve its overall sustainability. if(typeof ez_ad_units!='undefined'){ez_ad_units.push([[250,250],'askbamland_com-large-mobile-banner-1','ezslot_7',108,'0','0'])};__ez_fad_position('div-gpt-ad-askbamland_com-large-mobile-banner-1-0'); While the land that Bill Gates owns is already developed for farming and likely costs a ton of money, land can also be quite affordable. Thats why lands still managed by Indigenous peoples worldwide protect and sustain 80% of the worlds biodiversity, practices anathema to industrial agriculture. 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. Bill Gates is the largest farmland owner in America: report - New York Post CNN founder Ted Turner owns 2 million acres of land largely in New Mexico, South Dakota, Nebraska, and Georgia. But billionaire class assertions that they are philosopher kings and climate-conscious investors who know better than the original caretakers are little more than ruses for what amounts to a 21st century land grab with big payouts in a for-profit economy seeking green solutions. Gates shares ownership with Saudi Prince Alwaleed bin Talalthe two purchased the chain in 2007 for $3.8 billion. 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. 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. Gates achievement, according to the report, is that hes largest private owner of farmland in the US. 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. We've received your submission. The trend worries young farmers who cannot compete with the likes of Bill Gates when buying land, according to Holly Rippon-Butler, a farmer in upstate New York and the land campaigns director at the National Young Farmers Coalition. Gates' purchase averaged $12,000 per acre. 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. Bill Gates is now America's biggest farmer - The Telegraph Right? 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. 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. Who owns the most land in America? Jeff Bezos and John Malone are among Through his subsidiary Mt. Bill Gates is betting big on US farmland - should you? 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. The sale was notable because it added to Gates' farmland holdings which includes large tracts of land in Illinois, Iowa, Louisiana, California, and about a dozen other states. 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. Bill Gates Land Grab - YouTube 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. One per cent of the worlds farms control 70% of the worlds farmlands, one report found. BlackRock also suggested it was being confused for the similarly-named investment management firm Blackstone, which until recently owned Invitation Homes. Bill Gates now the biggest owner of farmland in the US Now in its 15th edition, this landmark study tracks the diverse array of farmers, ranchers, forest owners, entrepreneurs, and investors who own at a minimum 243.75 square miles. Bill Gates, who already owns close to 270,000 acres of land in the U.S In fact it is so big that it is a little hard to conceptualize. 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. Bill Gates has invested in various high-profile commercial properties through his personal investment company, Cascade. He also purchased the 800-acre Bridlewood Farms in Florida. 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. Bill Gates uses farmland as investment vehicle, owning 269,000 acres of land. In fact, Gates is the owner of over 270,000 acres of farmland, which is worth over $700 million! The average person has nothing in common with mega-landowners like Bill Gates or Ted Turner. BILL Gates' $80billion property empire now hangs in the balance after he and his wife of 27 years announced they are divorcing. McDonald's french fries, carrots, onions: all of the foods that come 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. You may also be interested in why a billionaire wants land. Bill Gates may no longer be the worlds richest man, but he can claim a new title: Americas farmland king. So why did the Land Report dub him Farmer Bill this year? Xanadu 2.0 in Medina, Washington: Estimated $140-170 Million, Source: Steve Ringman / The Seattle Times. But, As of February 2021, Gates has made headlines across the wor. That means Gates, whose net worth is estimated at some $134 billion according to Forbes annual ranking of the richest people in the country, owns less than one percent of the nations total 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. The biggest shift in recent years from small to big farms was in the US. Almost 300,000 acres is a lot of land for one family or private individual to own, but it's still just a. 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). 5. 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.
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