Like other investment opportunities, you can find land for sale online. This number stems from last year's edition of . Although the Bill & Melinda Gates Foundation is not directly connected with Cascade or its investments, it also has a farmland initiative: Gates Ag One, established in the Greater St. Louis area, with a mission to help 'smallholder farmers adapt to climate change and make food production in low- and middle-income countries more productive, resilient, and sustainable. 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. 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. In 2018 Gates reportedly bought 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 from an insurance company that had paid $75million for it in 2010. A 2018 purchase of 14,500 acres of prime eastern Washington farmland which is traditional Yakama territory for $171m helped him get that title. The worlds richest 1% emit double the carbon of the poorest 50%, an 2020 Oxfam study found. 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. Its uncertain why Gates has invested in so much farmland or how his tracts are currently being used. AP'S ASSESSMENT: False. 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 terms of agriculture and his practices Bill Gates, Microsoft billionaire, may be more than . The acquisition, however . We Now Know Why Creepy Bill Gates Invested in All of That US Farmland That land is now largely rented out to various farmers. Lets take a look at some of the reasons that land, particularly raw land, can be a good investment for Bill Gates or anybody else, including you. Tuesday, the office of the Attorney General sent out a letter asking the Red River Trust to confirm how the company plans to use the land . Recently, an article in Land Report stated that Bill Gates owns more American farmland than anyone else. The option expires Oct. 31, 2024. Investment firms are making the argument farmlands will meet carbon-neutral targets for sustainable investment portfolios while anticipating an increase of agricultural productivity and revenue. 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'. Many people wonder why Bill Gates would make these moves with his investment portfolio. If youre looking at what this means for farmers on the ground looking to access land, theres significant competition from nonfarmers, and that really affects young farmers because it means that the price that theyre trying to compete with on the marketplace is driven and determined by people who are not dependent on a farming income, Rippon-Butler said. Public records suggest Cascade Investments has bought its farmland through a web of at least 22 limited liability shell companies across the country. 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). 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 . 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. Bill Gates Is The Largest Owner Of Farmland In The US - Nation Through his subsidiary Mt. How Much Land Does Bill Gates Own? | askBAMLand Mason notes that trying to draw hard lines between ones philanthropic work and ones investments does not work. BILL Gates' $80billion property empire now hangs in the balance after he and his wife of 27 years announced they are divorcing. "The agriculture sector is important. Quarterman guessed that may be because Bill Gates isnt the one doing the farming. Much of Turner's land is used as grazing land for over 50,000 head of buffalo . It also offers proven return rates. This means that you can find good deals that may be just the thing you are looking for. The 13,573-square-foot home has six bedrooms, 11 bedrooms and more luxury features than you can count. That makes Invitation Homes the largest operator of single-family rental homes in the country, but still represents a tiny fraction of all such homes. LITTLE ROCK, Ark. 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. jwz: Bill Gates' Land Ownership 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. Our era is dominated by the ultra-rich, the climate crisis and a burgeoning green capitalism. The Microsoft co-founder faced several claims that he owned a majority of America's farmland earlier this year. In January 2021, Bill Gates became the largest owner of farmland in the United States. 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'. Quarterman also serves as the Suwannee Riverkeeper and advocates for conservation of the intricate network of springs and rivers in the region, where water from the swamps of Georgia flow into Florida before they release into the Gulf of Mexico. TRENDING: OUCH! Follow Bill Gates: Do Not Invest In Tech, Invest In Farmland - Gizchina.com He owns significantly more farmland than Minnesota's Offutt family and California's Resnick family, which each own 190,000 acres and rank second equal on the list. 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. This could allow you to sell or lease the individual lots of land on the property. Behind Gates in terms of investment in farmland are the cofounders of the Wonderful Company, Stewart and Lynda Resnick, with 190,000 acres. An Update on Bill Gates' New Smart City in Arizona | GlobeSt Ag Briefs: Bill Gates top private farmland owner in U.S. The comments below have not been moderated, By Financial titans like Prudential and Hancock have divisions specifically for investors looking to make money on farmland portfolios. Its a hedging strategy, said Daniel Bigelow, a professor of agricultural economics at Montana State University, who previously served as a USDA research economist. These states include: Arizona - 25,750 acres; Arkansas - 47,927 acres Bill Gates is betting big on US farmland - should you? 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. He hoped Gates would have invested in different farming techniques that could help turn around the ecological damages from big agriculture. Estate in Indian Wells, California: $12.5 Million. The billionaire couple, in less than a. And the firm said its very supportive of sustainable farming. Brittany has been in the land business since 2020 when the world was starting to shut down. Gates owns almost 9,000 acres in Ohio, just over 9,000 acres in Indiana, nearly 18,000 in Illinois, but only 552 acres in Iowa. They bought and later sold an additional 6,000 acres in Georgia, NBC News found. After all, few can out-bid Bill Gates. The Microsoft co-founder has reportedly purchased an $8.9 million Wyoming ranch that was once the stomping grounds of Buffalo Bill . Bill Gates' 20,000 acres in Nebraska help make him the top farmland While land is a limited resource, there is still less competition for raw land than there is with residential and commercial real estate. They own the soil where the potatoes in McDonald's french fries grow, the carrots from the world's largest . 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. As of 2020, industry reports show he owned about 0.027% of U.S. farmland. 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. Mansion in Rancho Santa Fe, California: $18 Million. We are no longer accepting comments on this article. 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. Farmer Bill - The Land Report Beach House in Del Mar, California: $43 Million. But theyre far better known for their work in tech and in trying to save the climate. Bill Gates owns more private farmland in the US than anyone else, an analysis by The Land Report found. However, his largest land holdings are in Louisiana (69,071 acres), Arkansas (47,927 acres), Nebraska (20,588 acres . BlackRock, meanwhile, is also not the owner of the majority of single family houses in the country. CNN founder Ted Turner owns 2 million acres of land largely in New Mexico, South Dakota, Nebraska, and Georgia. Bill Gates tells Reddit why he's bought so much farmland - AFN Bill Gates, the billionaire founder of Microsoft, has been revealed as the biggest private owner of farmland in the US, after buying up 242,000 acres in 18 states. Bill Gates Becomes the Largest Farmland Owner in the United - Peoplemag Gates diversified his investment portfolio through land ownership, but why? Theres a more cynical calculation. America's Biggest Owner Of Farmland Is Now Bill Gates - Forbes But, As of February 2021, Gates has made headlines across the wor. In six years that number has more than doubled. Fact Check-Bill Gates doesn't own most U.S. farmland - Reuters In May, Microsoft co-founder Bill Gates and his wife Melinda Gates revealed in a Twitter statement their decision to end their marriage after 27 years. Well, youd think, if you're looking for somebody with enough capital to try that, he would go first. 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.
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