The billionaire media mogul Ted Turner epitomizes such disparities. 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. The Gates family currently [] 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. In 2014, Cascade Investments combined both of those companies and the land into Generations Farms, which continued to grow vegetables. Bill Gates had managed to purchase nearly 269,000 acres of land in more than 12 states in the US. His land ownership spans across 19 states. That land is now largely rented out to various farmers. That doesnt mean that every piece of land is a good investment, but a significant amount of land will offer a high return on investment. Bill Gates uses farmland as investment vehicle, owning 269,000 acres of land. Weve never been one of the big institutional buyers of single family homes, BlackRock, single-family rentals nationwide. But a Gates spokesperson said in a statement on Friday that the claim that hes bought the majority of the nations farmland is false, pointing to. Adding to the confusion, Blackstone was once a major investor in BlackRock, but sold off its stake in the 1990s. retail, office buildings, hotels and apartment complexes, rather than single-family homes, but he declined to provide a breakdown. 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. You can also fill out the contact form below if you are interested in buying or selling land. The 65-year-old's largest holdings include 69,071 acres in Louisiana, 47,927 acres in Arkansas,25,750 acres in Arizona, 20,588 acres in Nebraska and16,097 in Washington state. For five generations, the Reed Family has owned and operated the logging company Green Diamond Resource Co. Gates' purchase averaged $12,000 per acre. So why did the Land Report, Our History Is the Future: Standing Rock Versus the Dakota Access Pipeline, and the Long Tradition of Indigenous Resistance. 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. The outlet reported this week that Gates, 65, owns 268,984 acres of. These land holdings are separate from their previous investments in companies that support large-scale farming like Monsanto and the tractor manufacturer John Deere. (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. , said his investment group was behind the purchases, and suggested it was linked to seed and biofuel development. Brittany has been in the land business since 2020 when the world was starting to shut down. Lemmon Holdings, the billionaire spent $80 million to purchase. 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. Purchased fromMadeleine Pickens, the former wife of Texas billionaire T. Boone Pickens, the property deal is one of the largest ever recorded in the area,The Wall Street Journalreported. , updated 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. 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. It is possible to make high double digit returns on land that you bought for an affordable price only a few years prior. They own the soil where the potatoes in McDonald's french fries grow, the carrots from the world's largest . But they're just renting it. 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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. Dailymail.com Reporter Single-family homes are priced between $5-25 million. The billionaire recently came under severe criticism from a fourth-generation farmer in South Georgia for his farmland ownership in the U.S. Will Harris, who owns a 152-year-old family farm named. This can potentially earn you tons of money. . The land that Bill Gates owns is used to grow soybeans, corn, cotton, and rice over 70,000 acres in northern Louisiana. While land is a limited resource, there is still less competition for raw land than there is with residential and commercial real estate. In addition, the land is audited to meet sustainability standards including soil health and water management. BlackRock is sometimes confused w/ Blackstone, which owned Invitation Homes. Both companies were founded in 2012 with the same address as Cascade Investments in Kirkland, which later changed its mailing address to a Louisiana post office box assigned to Oak River Farms, another subsidiary of Cascade. Members of the Stanley family now work for Generations. He is also the chairman and largest stakeholder of Liberty Media, possessing 28% of Discovery Communications, which was acquired by Scripps Network for $14.6billion. In addition, he owns 25,750 acres of transitional land and 1,234 acres of recreational land for total land holdings of 268,984 acres. 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. Since it works as an investment for him, it also includes the benefits of using land as an investment like he does. In emails, BlackRock spokesman Christopher Beattie told The Associated Press that the firm primarily invests in retail, office buildings, hotels and apartment complexes, rather than single-family homes, but he declined to provide a breakdown. After all, few can out-bid Bill Gates. They add it will take those with large parcels of land, like the Gateses U.S. farmland holdings, to do it. Gates diversified his investment portfolio through land ownership, but why? 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. This is part of APs effort to address widely shared misinformation, including work with outside companies and organizations to add factual context to misleading content that is circulating online. 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. BlackRock is sometimes confused w/ Blackstone, which owned Invitation Homes. While land is a limited resource, there is still less competition for raw land than there is with residential and commercial real estate. 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. It will not tell you that Bill Gates is your neighbor. 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). Additionally, through his personal investment firm, Cascade, Bill Gates owns approximately half of the Four Season Holdings' hotel chain. So while the tech mogul certainly owns a large constellation of farms, its nowhere close to the majority nationwide. Properties up for grabs include a $123million mansion with a trampoline room and a $43million oceanfront mansion with a ten-person jacuzzi. As the population grows in large cities, some people will inevitably want to move to the country. Bill Gates' Land Ownership. Right? 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. Now Bill Gates appears to have acquired a slice of their tiny city, and locals near. A 2018 purchase of 14,500 acres of prime eastern Washington farmland which is traditional Yakama territory for $171m helped him get that title. In 2014, he reportedly purchased more than 4,500 acres in Suwannee County, Florida, for nearly $28 million. Land is power, land is wealth, and, more importantly, land is about race and class. If you are unsure where to start, you can also check country tax sales. They said farmland has been a popular investment for a long time because of its stability. Since 2017 he reportedly holds a significant stake in 24,800 acres of land on the west side of Phoenix.
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