You can also fill out the contact form below if you are interested in buying or selling land. 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. Bill Gates has secured legal approval for the controversial purchase of thousands of acres of prime North Dakota farmland, after the deal drew fury from the state's residents. You can read more about us, here. Bill Gates is best known for revolutionizing personal computing, but lately he's gotten back to the land. In Washington, the Gateses own more than 14,000 acres of farmland that includes potato fields so massive that they are visible from space and some of which are processed into french fries for McDonalds. John Malone is the largest private landowner in the United States. Adding to the confusion, Blackstone was once a major investor in BlackRock, but sold off its stake in the 1990s. With more productive seeds we can avoid deforestation and help Africa deal with the climate difficulty they already face. These billionaires have nothing to offer us in terms of saving the planet unless its our land back. What expertise in climate science or agriculture Gates possesses beyond being filthy rich is anyones guess. The billionaire media mogul Ted Turner epitomizes such disparities. The gun and the whip may not accompany land acquisitions this time around. They own the soil where the potatoes in McDonald's french fries grow, the carrots from the world's largest . 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. There, on Gates parcels, an industrial farm grows potatoes for McDonalds french fries. Another 5,500 acres was sold to Generation Land Georgia, a company that shares an address with Miami-based Optimum Agriculture, which bought Generations Farms in 2019. Weve answered hundreds of questions from people regarding the buying and use of land. 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. This means that you can find good deals that may be just the thing you are looking for. Right? Hes the landlord, or rather, the companies owned by his investment firm are the landlords. Financial titans like Prudential and Hancock have divisions specifically for investors looking to make money on farmland portfolios. There are also ways to generate passive income on the land without selling it because you can lease the land or sell the mineral rights, among other methods. buying an increasing share of the U.S. housing market. Real estate mogul and owner of the Los Angeles Rams, Stan Kroenke, owns 1.4 million acres of land in the United States, including a 124,000 acre ranch in Montana and additional land in Wyoming. Bill and Melinda Gates, who recently announced theyre getting divorced and are dividing their assets, are deeply invested in American agriculture. 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. Recently, an article in Land Report stated that Bill Gates owns more American farmland than anyone else. BILL Gates' $80billion property empire now hangs in the balance after he and his wife of 27 years announced they are divorcing. 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. Private Residence at the Yellowstone Club in Big Sky, Montana: Estimated $5-25 Million. 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. APS ASSESSMENT: False. We've received your submission. The potential is endless. Estate in Indian Wells, California: $12.5 Million. Farmer Bill. They add it will take those with large parcels of land, like the Gateses U.S. farmland holdings, to do it. 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. 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Along the Columbia River border between Washington and Oregon, the Gateses purchased 100 Circles Farm, a 14,500-acre plot of land, for $171 million in 2018, according to property and business records. This means that there is not much to maintain on it unless you want to add your own buildings or other property. The map shows a 242,000 acre square situated over New York. The area off Interstate 10, called Belmont, has space for 80,000 homes as well as more than 4,000 acres for schools, offices, and stores; and 3,400 acres of open space. 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). The land we all live on should not be the sole property of a few. The acquisitions are held directly, as well as through Gates' personal investment entity, Cascade Investments. Much of Turner's land is used as grazing land for over 50,000 head of buffalo the largest private herd of bison in the world. And not all the renters are local. 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. A survey of the Gateses farmland holdings shows that a broad range of the vegetables that Americans eat can be traced back to his land and that some of this land has also been owned by other billionaires. The Gates family currently [] if(typeof ez_ad_units!='undefined'){ez_ad_units.push([[300,250],'askbamland_com-large-mobile-banner-2','ezslot_9',109,'0','0'])};__ez_fad_position('div-gpt-ad-askbamland_com-large-mobile-banner-2-0'); Raw land can be a great way to generate passive income or even spur large profits in the long term (or even short term if you know what you are doing). The billionaire Microsoft co-founder has become the largest owner of farmland in the. Gates has been buying land like its going out of style. The private residential area is home to numerous A-list celebrity couples including Justin Timberlake and Jessica Biel. Bill Gates may be trading his pocket protector for cowboy boots. 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. Why aren't they giving more? Our inventory spans mostly in the western United States. According to Forbes, the worlds billionaires saw their wealth swell by $1.9tn in 2020, while more than 22 million US workers (mostly women) lost their jobs. 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. Nick Estes is a citizen of the Lower Brule Sioux Tribe. Gates and his investment team own more than 240,000 acres, as reported by Eric O'Keefe, including 2,167 acres in Michigan. He is the author of the book Our History Is the Future: Standing Rock Versus the Dakota Access Pipeline, and the Long Tradition of Indigenous Resistance (Verso, 2019), In a pandemic, billionaires are richer than ever. Bill and Melinda Gates also cracked the Land Report's Top 100 Landowners for the first time coming in at number 49. 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. Bill Gates investment company, Cascade Investments, has invested in hundreds of thousands of acres of farmland in the last 10 years. At this valuation, Gates likely paid close to $2 billion for the luxury-hotel business. Thats where the Gateses began buying land in 2013 through two limited liability corporations registered to an address in Kirkland by Derek Yurosek, then head of agriculture operations for Cascade. Weve never been one of the big institutional buyers of single family homes, BlackRock, single-family rentals nationwide. We loved familys outdoor adventures so much we started a land business just to help others buy their own land. 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. There . 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. Theres a more cynical calculation. 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. The value depends on a lot of factors including location, type of land, acreage, supply, demand, and more. 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. Public records suggest Cascade Investments has bought its farmland through a web of at least 22 limited liability shell companies across the country. Microsoft co-founder Bill Gates finally revealed the reasons behind his massive purchase of farmland: seed science and biofuel development. Dr. Alan Busacca, professor emeritus at Washington State University, told Land Report at the time that the fertile land in the area was used for growing 'apples, cherries, carrots, dryland and irrigated wheat, and row and field crops'. Housecall is the official blog of RISMedia, covering real estate news and information for agents, brokers and their clients. With the Washington state acreage and other additions to his portfolio, The Land Report estimates that Gates now owns at least 242,000 acres of American farmland. The billionaire says he purchased the land because they are not making it anymore.. Gates shares 95% of the ownership with Saudi Prince Alwaleed bin Talal. Do whatever you want to with the land as the value increases. Several Properties in Wellington, Florida: $27.2 Million (Total). 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 third richest man on the planet doesnt have a green thumb. Malone owns several ranching and real estate businesses predominantly in Maine, New Mexico, Colorado and Wyoming. The attraction that people have to investing in farmland is that it tends to be countercyclical to the stock market. Learn more about fact-checking at AP. Adding to the confusion, Blackstone was once a major investor in BlackRock, but sold off its stake in the 1990s. Since then, it has been revealed that the two never signed a prenuptial agreement, instead opting for a separation agreement. The process of splitting the couples assets will be a mammoth task. For five generations, the Reed Family has owned and operated the logging company Green Diamond Resource Co. But why do a handful of people own so much land? 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. As more and more land gets developed, if you own land that is in the path of the plan, you could have buyers offering you big money to take hold of the property. The 13,573-square-foot home has six bedrooms, 11 bedrooms and more luxury features than you can count. By Social media users are falsely claiming that Gates owns the majority of U.S. farmland. The six-bed Del Mar home, which boasts a ten-person jacuzzi and swimming pool overlooking the ocean, was bought by the couple in late Marchas the international coronavirus pandemic began to take hold. In 2014, he co-founded The Red Nation, an Indigenous resistance organization. 4. I mean, it is unlikely that one of the richest people in the world would invest in something that wasnt a good investment, right? My investment group chose to do this, Bill Gates said on Reddit in March when asked about his farmland purchases while promoting his latest book, How to Avoid A Climate Disaster. It is not connected to climate. He did acknowledge that more productive farming techniques can help reduce deforestation in other parts of the world. So why did the Land Report dub him Farmer Bill this year? 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Our exposure to Invitation Homes is owning its stock in mutual funds we manage, not buying houses w/ them,. Farmers just aren't owning the assets anymore. Since 2017 he reportedly holds a significant stake in 24,800 acres of land on the west side of Phoenix. That program ensures agriculture on the land is audited to meet standards, like soil health and water management, created by the nonprofit Leading Harvest, which counts one of the subsidiaries of Gates investment firm as a partner.

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