Gates diversified his investment portfolio through land ownership, but why? Raw land is not developed. Why is Bill Gates buying up US farmland? - DW - 04/09/2021 CLAIM: Microsoft co-founder Bill Gates owns the majority of Americas farmland and the investment firm BlackRock holds the majority of single family houses in the country. 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. Reed family: Land area: 1.7 million acres. Social media users are falsely claiming that Gates owns the majority of U.S. farmland. Someone else is building that equity on their back, said Johnathan Hladik, the policy director at the Center for Rural Affairs, who is also a farmer in Nebraska. Bill Gates is betting big on US farmland - should you? CNN founder Ted Turner owns 2 million acres of land largely in New Mexico, South Dakota, Nebraska, and Georgia. 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). Adding to the confusion, Blackstone was once a major investor in BlackRock, but sold off its stake in the 1990s. However, his largest land holdings are in Louisiana (69,071 acres), Arkansas (47,927 acres), Nebraska (20,588 acres . 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. America's leading landowners added hundreds of thousands of acres to their holdings last year. Why does Bill Gates own so much farmland? - FoodIndustry.Com 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. Bill Gates' 242,000 Acres of Farmland Could Be Split in Divorce Public records suggest Cascade Investments has bought its farmland through a web of at least 22 limited liability shell companies across the country. It may even be easier to sell smaller lots than it would be to market the entire portion of land that you invest in. 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. Agriculture is also a key focus area for the Bill & Melinda Gates Foundation, the massive charity run by Gates and his wife. For five generations, the Reed Family has owned and operated the logging company Green Diamond Resource Co. 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. , said his investment group was behind the purchases, and suggested it was linked to seed and biofuel development. Farmland can be an investment in several ways. By And in Florida, farmers grow carrots on their property. | 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. Last year, Cascade Investment made a second major investment in Arizona by acquiring more than 2,800 acres known as Spurlock Ranch in Buckeye for $25 million, that could be built out to include 8,500 homes. So while the tech mogul certainly owns a large constellation of farms, its nowhere close to the majority nationwide. Bill Gates is now the largest private landowner in the country. 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. The 1862 Homestead Act opened up 270m acres of Indigenous territory which amounts to 10% of US land for white settlement. False. Farmland offers a strategy that is completely separated from his other wealth and investments. Behind Gates in terms of investment in farmland are the cofounders of the Wonderful Company, Stewart and Lynda Resnick, with 190,000 acres. 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. The Gates Rancho Santa Fe estate was purchased in 2014 because of its horse stables and proximity to a local race horse track. They own the soil where the potatoes in McDonalds french fries grow, the carrots from the worlds largest producer and the onions that Americans saut every night for dinner. Bill and Melinda Gates' divorce puts massive farmland holdings in focus Why Bill Gates is the largest private farmland owner in the - Vox In total, Bill and Melinda Gates have acquired land in more than a dozen states. Many people wonder why Bill Gates would make these moves with his investment portfolio. Hes the landlord, or rather, the companies owned by his investment firm are the landlords. The agriculture sector is important, he wrote. 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. But theyre far better known for their work in tech and in trying to save the climate. Gates and his investment team own more than 240,000 acres, as reported by Eric O'Keefe, including 2,167 acres in Michigan. Bill Gates is investing big in American farmland | Crosscut 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. Thats why lands still managed by Indigenous peoples worldwide protect and sustain 80% of the worlds biodiversity, practices anathema to industrial agriculture. Financial titans like Prudential and Hancock have divisions specifically for investors looking to make money on farmland portfolios. Gates portfolio comprises about 242,000 acres of farmland and nearly 27,000 acres of other land across 19 states, according to The Land Report, a magazine for land investors that tracks the nations biggest landowners. In Nebraska where he owns 20,000 acres, it is used for soybeans. You may also be interested in why a billionaire wants land.if(typeof ez_ad_units!='undefined'){ez_ad_units.push([[300,250],'askbamland_com-medrectangle-3','ezslot_2',102,'0','0'])};__ez_fad_position('div-gpt-ad-askbamland_com-medrectangle-3-0'); Bill Gates is one of the largest farmland owners in the United States. Farmland CNBC 2.94M subscribers Subscribe 47K 4.5M views 1 year ago #CNBC Bill Gates made. Bill Gates shoots down rumored Chinese link to N.D. farmland There, on Gates parcels, an industrial farm grows potatoes for McDonalds french fries. The company also took to Twitter to reject the false narrative. There . Thanks for contacting us. So what is this guy planning? In enrolling in Leading Harvest, Cascade has implemented new initiatives on its farmland holdings ranging from adding additional pollinator habitat in Nebraska to planting wildlife-friendly trees on dry pivot corners in Florida to hosting grain bin safety rescue training for the local community in Louisiana to converting numerous diesel power units to electric to reduce carbon output, to name a few, Zheren said. Bill and Melinda Gates, who recently announced they're getting divorced and are dividing their assets, are deeply invested in American agriculture. You can also fill out the contact form below if you are interested in buying or selling land. We know that one of the best ways to sequester carbon is through the soil. BlackRock is sometimes confused w/ Blackstone, which owned Invitation Homes. LITTLE ROCK, Ark. U.S. Census Bureau data shows fewer than 20% of such properties are rentals, and the vast majority of those are owned by individual investors, not institutional investors like BlackRock. 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. We are no longer accepting comments on this article. Media billionaire Ted Turner has also invested in 2 million acres of land (much of it rangeland and prairie, rather than cropland) and earned the distinction of being the largest private owner of buffalo herds that roam the 200,000 acres of his private ranch, The Guardian reported. Bill Gates' Land Ownership. The billionaire Microsoft co-founder has become the largest owner of farmland in the. The average person has nothing in common with mega-landowners like Bill Gates or Ted Turner. In 2014, he co-founded The Red Nation, an Indigenous resistance organization. An Update on Bill Gates' New Smart City in Arizona | GlobeSt Through our professional experience in land acquisition, we have found that people buy and sell land for many different reasons and have learned that it can be an investment for profit, vacation, or any opportunity that suits your needs and desires. Bill Gates is America's biggest owner of private farmland, and his As the population grows in large cities, some people will inevitably want to move to the country. Gates achievement, according to the report, is that hes largest private owner of farmland in the US. BlackRock, meanwhile, is also not the owner of the majority of single family houses in the country. from February that showed there were more than 895 million total acres of farmland in the country last year. 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It's not part of his plans In total he owns 268,984 acres of land of all types in 19 states, including a suburb up for development - as a so-called 'smart city' - outside Phoenix, Arizona. This will always be true, no matter where the land is. 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). Not only that, but it fits in with Gates values as a philanthropist because he can keep the farmland healthy for future generations. There is only a certain amount of land available on earth. The acquisitions are held directly, as well as through Gates' personal investment entity, Cascade Investments. That kind of hard work isnt what made him rich. 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. Buffalo Bill Cody's Ranch in Cody, Wyoming: Undisclosed Sale Price (Listed for $8.9 Million). Bill Gates is in the money flow business, and farmland, as well as other land, can generate a lot of money. 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 . We've received your submission. In other words, when the economy is struggling, the value of farmland generally doesnt depreciate. Leading Harvest requires farmland owners to work to continuously improve soil health, biodiversity, and water, air and crop quality on their farms as well as contribute positively to local communities, comply with regulations, and provide a safe and respectful working environment for employees, Zehren said. One per cent of the worlds farms control 70% of the worlds farmlands, one report found. Residents Furious When Bill Gates Swoops in to Buy Huge - Futurism That land is now largely rented out to various farmers. More surprising, however, was the fact that Bill and Melinda Gates own more private farmland . 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. There is a certain irony, of course, about Gates, 65, becoming the USA's biggest private owner of farmland, which American publication the Land Report recently declared him to be. Bill Gates Called Out By Farmer For Secretly Buying Up US Farmland: 'I (Ruth Fremson/The New York Times) (Ruth Fremson / The New York Times via Redux Pictures), John Quarterman on his farm in Lowndes County, Ga. (Matt Odom / for NBC News), John Quarterman stands by the Withlacoochee River. 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