This means that you can find good deals that may be just the thing you are looking for. 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. That is a big chunk of land. According to 2021 article from the Land Report, a magazine about land ownership, Gates owns approximately 242,000 . 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. A few years ago, Bill Gates has announced plans to build a smart city outside of Buckeye in Arizona. Murdaugh is heckled as he leaves court, Ken Bruce finishes his 30-year tenure as host of BBC Radio 2, Ukrainian soldier takes out five tanks with Javelin missiles, Family of a 10-month-old baby filmed vaping open up, Missing hiker buried under snow forces arm out to wave to helicopter, Hershey's Canada releases HER for SHE bars featuring a trans activist, Moment teenager crashes into back of lorry after 100mph police race. Bill and Melinda Gates also cracked the Land Report's Top 100 Landowners for the first time coming in at number 49. ', 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.'. Since then, weve sold to dozens of people from ATV weekend warriors to camping enthusiasts to retired truck drivers. It is unclear how cheap biofuels can be but if they are cheap it can solve the aviation and truck emissions.. Through his subsidiary Mt. All that farming has led to large water withdrawals from Florida's aquifer system and requires fertilizer, which leaches through the ground into waterways, emptying nitrogen that has led to destructive algae blooms and severe loss of fish and marsh habitats. Bill Gates owns more land than all of the entire city of New Why Bill Gates Is Buying Up U.S. The third richest man on the planet doesnt have a green thumb. The project is in its early . 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. Renewable energy company Savion has an option to buy the property for what is being called Oak Run Solar Project, according to Madison County property records. Bruere said some states such as Iowa enforce foreign ownership restrictions to prohibit foreign ownership or limit . 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. 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. Bill Gates is buying up the majority of American farmland and BlackRock is buying the majority of single family houses but Im supposed to believe the biggest threat to us is Elon Musk buying Twitter? read one representative tweet thats been liked or shared on the platform more than 250,000 times. So while the tech mogul certainly owns a large constellation of farms, its nowhere close to the majority nationwide. It can be sold as a property (or multiple properties), it can be used to produce things that people buy, or it can be rented out, like much of the farmland in the United States. Cascade declined to comment on its specific land holdings. The acquisitions are held directly, as well as through Gates' personal investment entity, Cascade Investments. They accounted for almost 1% of the agricultural land in the United States. In January 2021, Bill Gates became the largest owner of farmland in the United States. Except, it seems, when it comes to a private individual selling some land to iconic billionaire Bill Gates. The billionaire tech mogul and philanthropist has quietly amassed nearly 270,000 acres of farmland across the country, but thats still a relatively small slice of the nations nearly 900 million total farm acres. Buffalo Bill Cody's Ranch in Cody, Wyoming: Undisclosed Sale Price (Listed for $8.9 Million). 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.'. In other words, when the economy is struggling, the value of farmland generally doesnt depreciate. 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. 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. LITTLE ROCK, Ark. 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!' According to the Land Report in 2021, the Gateses had 242,000 acres of farmland, 1,234 acres or recreational land, and 25,750 acres of land that was in transition from farmland to residential and . 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. Bill Gates owns more private farmland in the US than anyone else, an analysis by The Land Report found. 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. I mean, it is unlikely that one of the richest people in the world would invest in something that wasnt a good investment, right? The gun and the whip may not accompany land acquisitions this time around. 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. For five generations, the Reed Family has owned and operated the logging company Green Diamond Resource Co. 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. Land holds ample opportunities for growth and development, yet you may find that there is more land than there is competition. Stan Kroenke: Land area: 1.4 million acres. Thats why lands still managed by Indigenous peoples worldwide protect and sustain 80% of the worlds biodiversity, practices anathema to industrial agriculture. The Associated Press reports that last week, billionaire Microsoft founder Bill Gates was cleared to purchase 2,100 acres of rural North Dakota farmland. AP'S ASSESSMENT: False. However, his largest land holdings are in Louisiana (69,071 acres), Arkansas (47,927 acres), Nebraska (20,588 acres . That makes Invitation Homes the, largest operator of single-family rental homes in the country, but still represents, BlackRock also suggested it was being confused for the similarly-named i. nvestment management firm Blackstone, which until recently owned Invitation Homes. Malone made the decision to put billions of his wealth into land ownership after spending a summer working on a family farm in Pennsylvania. In fact, Gates is the owner of over 270,000 acres of farmland, which is worth over $700 million! A white man owns more farmland than my entire Native nation! 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. Gates is now America's largest private farmland owner, with hundreds of thousands of acres spanning across 19 U.S. states, according to the Land Report. 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. Land can produce food, fuel, and manufacturing materials as well as provide environmental services, residential spaces, and more. Beach House in Del Mar, California: $43 Million. Although the sale price has never been made public, the 492-acre home was listed for $8.9 millionand we cant imagine Bill and Melinda doing much haggling. Theres a more cynical calculation. 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. Weve never been one of the big institutional buyers of single family homes, BlackRock said in response to one tweet. 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. Bill Gates now owns more farmland than anyone else in the United States, as the tech tycoon has quietly purchased 242,000 acres of farmland in several states across the country. Bill and Melinda have purchased numerous properties in Wellington, Florida, over the years. The 14,000 acres in Washington is used for potatoes and in Florida the land is used for carrots. Much of Turner's land is used as grazing land for over 50,000 head of buffalo . 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. 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. 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. 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. In six years that number has more than doubled. He also owns three hotels in Dublin, Ireland, and a fourth in Limerick. Adding to the confusion, Blackstone was once a major investor in BlackRock, but sold off its stake in the 1990s. Marjorie Taylor Greene SHAMES Former . The average person has nothing in common with mega-landowners like Bill Gates or Ted Turner. | Chuck Collins, Original reporting and incisive analysis, direct from the Guardian every morning, Land is power, land is wealth, and, more importantly, land is about race and class. Bill Gates' Land Ownership. The conservation of lands is important, he said. BlackRock, meanwhile, is also not the owner of the majority of single family houses in the country. The state's Republican Attorney General Drew Wrigley had inquired into the land sale, and on Wednesday issued a letter saying the transaction complied with an archaic anti-corporate [] We loved familys outdoor adventures so much we started a land business just to help others buy their own land. Bill Gates uses farmland as investment vehicle, owning 269,000 acres of land. So while the tech mogul certainly owns a large constellation of farms, its nowhere close to the majority nationwide. 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. But Gates, known for his philanthropic work solving some of the worlds most pressing public health and climate problems, has suggested that he does not treat his American farmland investments as part of his broader plans to save the planet. If you own a good amount of land, then you have the possibility of subdividing it into multiple lots that can generate separate income streams. You can also look at local resources in your area to see where land is being bought or sold. But even with his big new agricultural holdings, Gates still doesn't rank in the Top 100 of private landowners overall in the U.S. - when considering owners of land of all types, not just agricultural. In addition, the land is audited to meet sustainability standards including soil health and water management.
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