After all, few can out-bid Bill Gates. In January 2021, Bill Gates became the largest owner of farmland in the United States. Students at Peoria's Zuni Hills Elementary School get sick as '20 sixth-graders start vomiting after field trip lunch', The Sussexes whine-athon is one of the most nauseating vanity projects ever made, Duke's moaning series seems to be what you have to do when you are paid a lot, I'm an 80-year-old bodybuilder who looks unrecognizable from my time as Mr Olympia - a secret move can get you my body, Inside Carley Shimkus' lavish baby shower as delighted Fox News host celebrates 1st child with husband Peter Buchignani, Levi Davis: 10,000 reward offered in desperate search for X-Factor star who disappeared while on holiday, Tragic Athena Strand update revealed as sheriff calls for 7-year-old's FedEx 'killer' Tanner Horner to get death penalty, Inside incredible life of last Dambuster George Johnson who escaped brutal dad to become WW2 hero with odd best friend. (AP Photo/Michael Probst, File ), Connect with the definitive source for global and local news. Can you imagine having that much property? False. Arable land is not just profitable. Bill Gates Is The Largest Owner Of Farmland In The US - Nation 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. of the richest people in the country, owns less than one percent of the nations total farmland. Our exposure to Invitation Homes is owning its stock in mutual funds we manage, not buying houses w/ them,. 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. The company also took to Twitter to reject the false narrative. The value depends on a lot of factors including location, type of land, acreage, supply, demand, and more. Whose land is it anyway? Farmers, billionaires, foreign investors The third richest man on the planet doesnt have a green thumb. This means that you can find good deals that may be just the thing you are looking for. Murdaugh is heckled as he leaves court, Ken Bruce finishes his 30-year tenure as host of BBC Radio 2, Ukrainian soldier takes out five tanks with Javelin missiles, Family of a 10-month-old baby filmed vaping open up, Missing hiker buried under snow forces arm out to wave to helicopter, Hershey's Canada releases HER for SHE bars featuring a trans activist, Moment teenager crashes into back of lorry after 100mph police race. Kroenke is married to Ann Walkton Kroenke, an heiress to the Wal-Mart fortune. 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. 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. Well, youd think, if you're looking for somebody with enough capital to try that, he would go first. A MAP has revealed which billionaire owns the largest amount of land in the US - youll be shocked to know that it isnt Bill Gates. 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. He hoped Gates would have invested in different farming techniques that could help turn around the ecological damages from big agriculture. From mortgage info and housing trends to updates on which celebritys bathroom is equipped with a Vitamin-C infused shower, Housecall covers the entire moving and shaking gamut of the industry decision to end their marriage after 27 years, How to Know Youve Found the Home of Your Dreams, 3 Reasons to Hire Pest Control Services After Moving Into Your Home, 4 Additions For Your New Bathroom Remodel, Top Kitchen Design Trends to Consider for Your Renovation, Inside Jeff Bezos Multi-Billion Dollar Real Estate Portfolio, Reasons to Take Care of a Water Leak in Your Home as Soon as Possible, A Quick Guide to Stopping Ceiling Leaks in Your Home, 10 Tips for Taking Care of Wood Furniture, 5 Important Facts About Your Rain Gutter System, 5 Strategies for Making Moving House as Smooth as Possible, Lessons Every Homeowner Can Learn This Winter to Prepare for the Next, How to Spot Foundation Issues in an Old Home. The acquisition, however . John Malone is the largest private landowner in the United States. The gun and the whip may not accompany land acquisitions this time around. 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. Bill Gates investment company, Cascade Investments, has invested in hundreds of thousands of acres of farmland in the last 10 years. Although the price that the Gates paid for this property was never made public, theres a $300,000 initiation fee, and more than $37,000 in annual feesand you still have to purchase a home within the community. Members of the Stanley family now work for Generations. 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. Bill and Melinda Gates Own 70,000 Acres of Louisiana Farmland; What With more productive seeds we can avoid deforestation and help Africa deal with the climate difficulty they already face. The comments below have not been moderated, By Bill Gates uses farmland as investment vehicle, owning 269,000 acres of land. Single-family homes are priced between $5-25 million. BlackRock is sometimes confused w/ Blackstone, which owned Invitation Homes. In total, Gates owns approximately 242,000 acres of farmland with assets totaling more than $690m. BlackRock, meanwhile, is also not the owner of the majority of single family houses in the country. The average person has nothing in common with mega-landowners like Bill Gates or Ted Turner. Bill and Melinda Gates, who recently announced they're getting divorced and are dividing their assets, are deeply invested in American agriculture. The United States is defined by the excesses of its ruling class. 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. 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. Buffalo Bill Cody's Ranch in Cody, Wyoming: Undisclosed Sale Price (Listed for $8.9 Million). Social media users are falsely claiming that Gates owns the majority of U.S. farmland. It may even be easier to sell smaller lots than it would be to market the entire portion of land that you invest in. Since it works as an investment for him, it also includes the benefits of using land as an investment like he does. Does Bill Gates Own the Majority of US Farmland? | Snopes.com The relationship to land who owns it, who works it and who cares for it reflects obscene levels of inequality and legacies of colonialism and white supremacy in the United States, and also the world. Private Residence at the Yellowstone Club in Big Sky, Montana: Estimated $5-25 Million. The billionaire knows best mentality detracts from the deep-seated realities of colonialism and white supremacy, and it ignores those who actually know best how to use and live with the land. Land is power, land is wealth, and, more importantly, land is about race and class. Bill Gates currently owns over 268,000 acres of American farmland spread out over 19 states. The 14,000 acres in Washington is used for potatoes and in Florida the land is used for carrots. 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. That means Gates, whose net worth is estimated at some $134 billion. 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 . Investors bought a record 18.4% of the homes purchased in the fourth quarter of 2021 three-quarters of which were single-family homes. Bill and Melinda Gates own 70,000 acres of Louisiana farmland - NOLA Bill and Melinda Gates, who recently announced theyre getting divorced and are dividing their assets, are deeply invested in American agriculture. A white man owns more farmland than my entire Native nation! Farmland can be an investment in several ways. 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. 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 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.
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