Theres a more cynical calculation. Farmland in those parts is valuable, commanding prices between $10,000 and $15,000 per acre, far beyond the state average of about $2,000. Mansion in Rancho Santa Fe, California: $18 Million. The map shows a 242,000 acre square situated over New York. So while the tech mogul certainly owns a large constellation of farms, its nowhere close to the majority nationwide. For five generations, the Reed Family has owned and operated the logging company Green Diamond Resource Co. Bill and Melinda have purchased numerous properties in Wellington, Florida, over the years. Published: 18:36 ET, Dec 8 2022 Updated: 10:03 ET, Dec 9 2022 A MAP has revealed which billionaire owns the largest amount of land in the US - you'll be shocked to know that it isn't Bill Gates. The land that Bill Gates owns is used to grow soybeans, corn, cotton, and rice over 70,000 acres in northern Louisiana. That's basically the motivation there. Additionally, through his personal investment firm, Cascade, Bill Gates owns approximately half of the Four Season Holdings' hotel chain. He added: 'In addition, the states oldest winery, Chateau Ste. Bill Gates acquired six parcels of land in Pembina County. Arable land is not just profitable. Bill Gates is now the largest private landowner in the country. The Microsoft co-founder has reportedly purchased an $8.9 million Wyoming ranch that was once the stomping grounds of Buffalo Bill . 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. That title goes to John Malone, the former CEO of Tele-Communications Inc, which was purchased by AT&T Inc in 1999 for more than $50billion. 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. Bill Gates has secured legal approval for his North Dakota farmland purchase But the deal drew scrutiny under a 1932 anti-corporate farm ownership law Now state AG says the deal is legal, because . 2021 Land Report: Who owns the most land in the United States? In fact, this also means that you may not even have to apply for a loan to start the investment! APS ASSESSMENT: False. While the Gateses are best known for their philanthropic work tackling large-scale societal problems, like funding the coronavirus vaccine and controlling malaria via the Bill and Melinda Gates Foundation, they have also invested in some companies rethinking food production and have endorsed the use of genetically modified seeds as one way to increase farming productivity and feed more people globally. You may have heard that Bill Gates owns a lot of land, but you may not know how much. They add it will take those with large parcels of land, like the Gateses U.S. farmland holdings, to do it. 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. The opportunities are virtually endless. Who Owns More Land: Bill Gates, McDonald's or The Catholic Church? 2,167 acres. We know that one of the best ways to sequester carbon is through the soil. Weve never been one of the big institutional buyers of single family homes, BlackRock, single-family rentals nationwide. 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. If not for climate, then why is Bill Gates buying so much farmland? While Gates owns nearly 270,000 acres of farmland across the US, he isnt the largest landowner in the country. Bill Gates had managed to purchase nearly 269,000 acres of land in more than 12 states in the US. 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. Bill Gates may no longer be the world's richest man, but he can claim a new title: America's farmland king. Bill Gates tells Reddit why he's bought so much farmland - AFN 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 2018 purchase of 14,500 acres of prime eastern Washington farmland - which is traditional. The land that Gates owns is located in several states and consists primarily of commercial farmland. We've received your submission. Beach House in Del Mar, California: $43 Million. Land can produce food, fuel, and manufacturing materials as well as provide environmental services, residential spaces, and more. Maps Mania: The United Gates of America - Blogger Farmer Bill - The Land Report It is unclear how cheap biofuels can be but if they are cheap it can solve the aviation and truck emissions.. Bill Gates was quietly becoming the biggest private owner of farmland in the United States. Recently, an article in Land Report stated that Bill Gates owns more American farmland than anyone else. The acquisition, however . ', 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.'. Gates-affiliated ownership covers vast swaths of farm and timberland, estimated to be 69,071 acres in all by niche land ownership publication The Land Repor t. Across the nation, Gates'. - 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 principal danger of private farmland owners like Bill Gates is not their professed support of sustainable agriculture often found in philanthropic work its the monopolistic role they play in determining our food systems and land use patterns. Thats why lands still managed by Indigenous peoples worldwide protect and sustain 80% of the worlds biodiversity, practices anathema to industrial agriculture. This site also participates in other affiliate programs including but not limited to ShareASale, CJ, and ClickBank, and is compensated for referring traffic and business to these companies. 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. As of 2020, industry reports show he owned about 0.027% of U.S. farmland. Weve been trained by experience, land acquisition courses, and hundreds of hours meeting with county assessors and clerks, zoning officials, realtors, and land investors. More surprising, however, was the fact that Bill and Melinda Gates own more private farmland . Gates diversified his investment portfolio through land ownership, but why? Malone made his fortune as a media tycoon, building the company Tele-Communications, Inc, or TCI, and acting as its CEO before selling it to AT&T for $50 billion in 1999. If you are unsure where to start, you can also check country tax sales. There are also growing trends revolving around the purchase of low acreage farmland and noncommercial farming. 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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. Why Is Bill Gates Buying Farmland? How Much Does He Own? - Farmfolio The billionaire couple, in less than a decade, have accumulated more than 269,000 acres of farmland across 18 states, more than the entire acreage of New York City. That's one of the many takeaways from the 2021 Land Report 100, which is compiled each year by Land Report magazine. The tech mogul, who is the fourth richest person in the world with a net worth of $121billion, according to Forbes, has quietly built up a massive agriculture portfolio. 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. Mason notes that trying to draw hard lines between ones philanthropic work and ones investments does not work. The billionaire Microsoft co-founder has become the largest owner of farmland in the. Public records suggest Cascade Investments has bought its farmland through a web of at least 22 limited liability shell companies across the country. CNN founder Ted Turner owns 2 million acres of land largely in New Mexico, South Dakota, Nebraska, and Georgia. Bill Gates Approved to Buy Acres of Farmland in North Dakota - IJR But they're just renting it. 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. 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.'.