Land area: 275,000 acres. Where the land is: Florida, Kentucky, Texas. We’re used to thinking of escalating rents as an urban problem, something suffered mostly by the citizens of booming cities. And not just farmers. Found inside – Page 155For this salad, she suggests roasting your own peppers, because she finds most jarred roasted peppers to be less than flavorful. After blackened peppers are ... It is your responsibility to review these Terms prior to each use of the Services and, by continuing to use the Services, you agree to all changes as well as Terms in place at the time of the use. And the pace of investment seems to be picking up. Which in turn means less impact on the environment. Dusky layers of silt and sand towered over the 6-foot-tall retired Washington State professor. Newsweek called him a “sustainable agriculture champion.”, Those stories dovetailed with earlier reports about Gates’ large land acquisitions in Arizona. It was his last deal as a free man. While Gates is America’s biggest farmland owner, he’s far from being the nation’s largest landowner in general. Found inside... one who owns and controls most or all of the land and capital, provides most ... including the U.S. Whichever definition is used, U.S. farms have moved ... By buying land in other countries and farming it, foreign buyers are able to support their domestic food supply and other markets that depend on agriculture without having to compete for essential products on the global market. Late last year, Eric O’Keefe was researching a mysterious recent purchase of 14,500 acres of prime Washington state farmland. Hadley Family: 260,000 acres together with the large Diamond A Ranch. And as exports to China and elsewhere have increased, farm income has risen. James B. Meigs is the co-host of the “How Do We Fix It?” podcast and the former editor-in-chief of Popular Mechanics. Who Really Owns America’s Land? Please sign me up to receive breaking news and updates from the Land Report! While Gates owns the most farmland in the US, he is not the largest landowner in the country overall. Bill Gates owns 242,000 acres of farmland, making him America’s biggest private-farmland owner, according to a new report Kate Duffy Jan. 15, 2021, 11:14 PM Facebook LinkedIn Reddit Twitter Email Some act as landlords by buying land and leasing it out. The land they control and own is located in Arizona, Colorado, New Mexico and Utah. The group’s founding members are expected to spearhead the rollout of the new standards on their own lands. So when city people look out over a farm—whether they see corn stalks, or long rows of fruit bushes, or cattle herds roving across wild grasses—the price of real estate is probably the last thing that’s going to come to mind. The deals are typically accompanied by promises of jobs, infrastructure, resource development, or just a jolt for the national economy, but all too often, those promises come to nothing. By buying land in other countries and farming it, foreign buyers are able to support their domestic food supply and other markets that depend on agriculture without having to compete for essential products on the global market. Remember that metal-sided building down near the Bayou Teche? In 1998 when he was the toast of Wall Street, the telecom cowboy paid British Columbia’s Woodward family the astronomical sum of $73 million for Canada’s largest ranch: 500,000-acre Douglas Lake, a 22,000-head cattle operation. But the purchaser of record was a small, obscure company in Louisiana. Bill Gates Now Owns The Most Farmland In America. These are a few of the reasons why savvy investors have been plowing millions of dollars into farmland on both the Oregon and the Washington sides of the Columbia River Gorge. Iceland is the world's 18th-largest island, and Europe's second-largest island after Great Britain. For much, much more, visit the invaluable, Zhang himself takes a temperate view: “Despite the deteriorating agricultural financial conditions and continued decline in farm income, the current farm downturn is more likely a liquidity and working capital problem, as opposed to a solvency and balance sheet problem for the entire agricultural sector,” he, .”Rather than an abrupt farm crisis, we are likely to [see] a gradual, drawn-out downward adjustment to the historical normal return levels for the agricultural economy. !Why does he own the most farmland in America? Land and the products of the earth, in their natural state, were considered a gift of God to man, but then man was commanded individually to cu But there's one little problem with that conventional wisdom: it's just not true. But the soil under farmers’ feet has become much more valuable in the past decade. by At current valuations, it’s one of the nation’s best farmland opportunities. “The arrangement is simple,” The Wall Street Journal wrote in a 2014 profile. The question of who owns the world’s lands and natural resources is a major source of contestation around the globe, affecting prospects for rural economic development, human rights and dignity, cultural survival, political stability, conservation of the environment, and efforts to combat climate change. According to the Journal, they are even discouraged from using Facebook and other social-media platforms. So far, Gates’ farmland portfolio spans 18 states with his largest holdings in Louisiana (70,000 acres), Arkansas (50,000 acres), Arizona (25,000 acres) and Nebraska (20,000 acres). Much like the Bill & Melinda Gates Foundation uses science and technology to achieve a number of worthy goals — including transitioning millions of people out of poverty, improving people’s health and well-being, and ensuring that all people have access to opportunities necessary to succeed in school and in life — Cascade’s farmland holdings also aim to further laudable objectives. But why should people worry about who owns the most farmland? Today, the United States Department of Agriculture (USDA) estimates that at least 30 percent of American farmland is owned by non-operators who lease it out to farmers. Found insidePAUL CAMPUS UBRARIES There are nearly 2 million fewer owners of U.S. agricultural land now than in 1945. ... People own most farmland . Found inside – Page 11Provides several thorough case studies on shared ownership models and ... WEB RESOURCES American Farmland Trust: www.farmland.org The web site for American ... By 2016, the price per acre was $7,183—a drop from the 2013 peak of $8,716, but still a colossal increase of 1,600 percent. The House of Morgan presided over American finance from the corner of Wall Street and Broad, acting as quasi-US central bank since 1838, when George Peabody founded it in London. Spanning over 3.5 million square miles, the United States is the third largest country in the world by landmass, trailing only China and Russia. There was no public announcement, and no notice in the business press. Indeed, if you graph ethanol production over the past 20 years, it shows exactly the same explosive growth as land prices. What happens to small farmers? Tens of thousands of acres? Steve Everett would be proud. In January 2020, The Land Report announced the launch of a sustainability standard that was developed by US farmland owners and operators. A 1978 federal law, known as the Agricultural Foreign Investment Disclosure Act, requires foreign entities to report transactions of farmland to the USDA’s Farm Service Agency.The data covers years 1900 through 2016. … Claim: America’s Biggest Owner Of Farmland Is Now Bill Gates Ebbers subsequently pledged Douglas Lake as collateral for $400 million he ended up borrowing from WorldCom, and in 2003, WorldCom sold Douglas Lake to Kroenke Ranches. He is a very ambitious man who has realized a lot of his goals in his life. 50. It seems the barest common sense that there should be some federal entity protecting citizens’ rights to water against anonymous industrial agribusiness.  We have no plan B for this type of eventuality.”. Italian buyers are reported to have purchased 102,000 acres in Missouri, and New Zealand some 18,000. California. Below are the top land owners in the US based on acreage. “He has very competent investment managers.”. For comparison, in the same period, the Dow Jones Industrial Average rose less than half as fast, from $2,633 to $21,476. Investment guru Michael Larson, who has worked with Gates since 1994, runs the Washington-based Cascade Investment, as well as supervising the Bill and Melinda Gates Foundation’s nearly $50 billion endowment. Let’s call that strike one. Heirs to the Anheuser-Busch beer empire, 49. John Malone 2. Only sovereign wealth funds and institutional investors can stroke a check for tracts in that league, which is exactly what occurred on the sell side of the 100 Circles transaction: The seller was John Hancock Life Insurance, a multibillion-dollar asset manager with key holdings in all the major US markets as well as Canada and Australia. Among the participants in the 13-member Sustainable Agriculture Working Group are Ceres Partners, Hancock Natural Resources Group, The Rohaytn Group, and UBS Farmland Investors. Lemmon Holdings invested in some 40 square miles of “transitional” land on the western fringe of the Phoenix sprawl. Farmland, the. You are granted a personal, revocable, limited, non-exclusive, non-transferable license to access and use the Services and the Content conditioned on your continued acceptance of, and compliance with, the Terms. By Dave Merrill, Devon Pendleton, Sophie Alexander, Jeremy C.F. Found insideIn contrast, small family farms make up most of the U.S. farm count but produce a modest share of farm output. Small farms are less profitable than ... Though farmland prices are still high, they peaked somewhere around 2013 and have fallen for three years in a row—the first time that’s happened. By using The Counter (“us” and “we”) website or any of its Content (as defined in Section 9 below) and features (collectively, “Services”), you agree to the terms and conditions of use below and such other requirements that we inform you of (collectively, “Terms”). Lin and Andre Tartar – Bloomberg “The 100 largest owners of private property in the U.S., newcomers and old-timers together, have 40 million acres, or approximately 2% of the country’s land mass, according to data from the Land Report and reporting by Bloomberg News. Given that Gates is the third-richest person in the world — with an estimated net worth of $132 billion, he falls in behind Tesla founder Elon Musk and Amazon’s Jeff Bezos — those money managers have their hands full. Institutional investors have long balanced their portfolios by putting part of their money in natural resources—goldmines and coal fields and forests. Urban Planning, Community Planning, City Planning, New Urbanism, Smart Growth, Zoning, Transportation … Who owns the most non-federally owned land in the United States of America? Shopping. On the other hand, operating costs seem to be going down. “Bill Gates, co-founder of Microsoft, has an alter ego,” O’Keefe wrote: “Farmer Bill, the guy who owns more farmland than anyone else in America.”, The Land Report scoop made headlines. Especially when it comes to row crops like sweet corn and wheat, which were grown in rotation with potatoes on 100 Circles, which is the name of the property that changed hands. Thousand-acre transactions — such as the sale of 6,000- acre Weidert Farm to Farmland L.P. two years ago and the 6,175-acre Broetje Orchards acquisition by the Ontario Teachers’ Pension Plan last year — are blue-moon events. His 242,000 acres of farmland stretch across 18 states from Washington to … 5. Today, the Belmont tract remains mostly empty desert. His magazine, The Land Report, tracks major land transactions and produces an annual list of the 100 biggest US landowners. Call it a hunch, but the story did not jibe. Activities that harvest or remove resources generally are prohibited. Federal land ownership is concentrated in the West. Specifically, 61.2% of Alaska is federally owned, as is 46.9% of the 11 coterminous western states. Foreign persons from the Netherlands own 19 percent, Germany owns 7, the United Kingdom owns 6 and Portugal owns 5. The majority of rented acres are owned by non-operator landlords. For comparison, in the same period, the Dow Jones Industrial Average rose less than half as fast, from $2,633 to $21,476. (The island of Ireland is third.) We may modify, suspend or discontinue any aspect of the Services at any time, including the availability of any Services feature, database, or content, or for any reason whatsoever, whether to all users or to you specifically. Skip recommended stories carousel and go to main content. The fifty private land owners who own the most land in the US, including Amazon founder Jeff Bezos and CNN founder Ted Turner, have been revealed in a new investigation. In theory, yes. For example, the infrastructure for dealing with products other than corn or soy in Iowa, simply doesn’t exist. According to reporting by Wendy Culverwell in the Tri-City Herald, a 14,500-acre swath of choice Eastern Washington farmland in the Horse Heaven Hills of Benton County had just traded hands for almost $171 million. Here’s how the Economist explained it:  “Institutional investors such as pension funds see farmland as fertile ground to plough, either doing their own deals or farming them out to specialist funds. 1. People involved in the Gates financial empire stress that the family’s philanthropic endeavors are kept separate from their investments and business ventures. In the report "Who Owns the Land," the United States Department of Agriculture disclosed all of Black America only owns just under 8 million acres. In 2006, he helped launch TerraPower, a company developing a new type of compact, ultra-safe nuclear reactor. Cattle ranchers. Saudi Arabia and the UAE alone have acquired more than 15,000 acres in Arizona and Southern California to grow fodder for dairy cattle. Found insideDispossession recovers a lost chapter of the black experience in the American South, presenting a counternarrative to the conventional story of the progress achieved by the civil rights movement. It’s probably not overstating much to say that the government of China now controls more than 400 American farms consisting of a hundred thousand acres of farmland, with at least 50,000 in Missouri alone, plus CAFOs (concentrated animal feeding operations), 33 processing plants, the distribution system—and one out of every four American hogs. Found inside – Page 50Agriculture is America's most important business . It feeds the Nation and a large ... In my own State of Vermont , nearly 200 acres are lost every day . Don’t get too optimistic—or too pessimistic—just yet, though. A quick look at farmland investment company websites makes it clear that they are very particular about assessing the fertility, the access to water and distribution, and other criteria of the land they are buying. Found inside – Page 253The point I am making is that all America has changed -- not just ... the majority of farm produce was from relatively small farms with most of the labor ... Get your twice-weekly fix of features, commentary, and insight from the frontlines of American food. Is it good news for a sustainable approach to agriculture rooted in small, independent farms, enlightened farming practices, and short supply chains? Queen Elizabeth II of England legally owns the most land on Earth—as leader of 32 countries, the Queen is owner of 6.6 billion acres of land, or about one-sixth of the entire land surface on Earth. The Gateses’ largest single block of dirt was acquired in 2017: a group of farmland assets owned by the Canada Pension Plan Investment Board. With the Washington state acreage and other recent additions to his portfolio, O’Keefe calculated, Gates now owns at least 242,000 acres of American farmland. For investors who know what they’re doing, agricultural land offers financial stability in uncertain times. More often than not, farmland sales involve hundreds of acres. In 2005, the former WorldCom CEO was convicted of securities fraud, conspiracy, and filing false reports that were instrumental in WorldCom’s $11 billion dollar accounting fraud. In states that are water insecure in the Southwest, there is a dizzying and arcane array of regulations that are barely equal now to the challenges of current domestic use, much less answering the needs of foreign agriculture. However, many of these companies are owned by foreign investors. So just how much of our farmland are we willing to sell? In these examples, ownership of the land becomes corporate, but it remains in U.S. hands. You may use the Services for your noncommercial personal use and for no other purpose. But it also means we can devote less of the planet’s surface to farmland, which is good news for forests and ecosystems. The Scary Reason Why Bill Gates Now OWNS 268,000 Acres of American Farmland!! The committee is made up of representatives from 16 government agencies, and chaired by the Secretary of the Treasury. The family owns 390,000 acres of land. Given the size and cost of 100 Circles, both of those figures made no sense at all. Bill Gates Now Owns The Most Farmland In America! “I don’t think it’s a bubble,” says Zhang. These People Own the Most Land in America. Certainly if you read some headlines in Midwestern newspapers, you might get the impression not only that there’s a bubble but that it is in the process of bursting. Found inside – Page 300cents per dollar for nonmetro farms. Adaptive metro farms have the highest investment per acre of any farm type, more than four times that of traditional ... The farm was subsequently sold to AgCoA, which was acquired by the Canada Pension Plan Investment Board. To whom is the government most in debt? Most likely, it is just one more asset in Gates’ vast portfolio, quietly appreciating in value while the billionaire himself remains at arm’s length. The fifty private land owners who own the most land in the US, including Amazon founder Jeff Bezos and CNN founder Ted Turner, have been revealed in a new investigation. John Malone might not be America's most famous businessman, but he is undoubtedly the biggest landowner in the United States. in 2014, had outperformed most asset classes for the previous 20 years, delivering average U.S. returns of 12 percent a year with low volatility. Saudi Arabia and the UAE alone have acquired more than 15,000 acres in Arizona and Southern California to grow fodder for dairy cattle. Some partners in the Arizona project issued a press release touting plans to build “a forward-thinking community … that embraces cutting-edge technology.” There was talk of “high-speed digital networks” and “autonomous logistics hubs.” That was all it took for many in the media to conclude that Gates was personally engineering the city of the future. Photograph: Scott Morgan/The Observer. appeared first on Growing Produce. Below are the top land owners in the US based on acreage. Bill Gates, the fourth richest person in the world and a self-described nerd who is known for his early programming skills rather than his love of the outdoors, has been quietly s Think of it this way: If you wanted to buy Iowa farmland in 1970, the average going price was $419 per acre, according to the Iowa State University Farmland Value Survey. “People want to know, ’Why does Bill Gates want all this land?’ ”, But hyper-wealthy people like Gates don’t make every decision personally, O’Keefe notes. The deals are typically accompanied by promises of jobs, infrastructure, resource development, or just a jolt for the national economy, but all too often, those promises come to nothing. But from the viewpoint of sustainability, there are many disadvantages to consolidating farmland in the hands of financially oriented landlords. For now, though, all that “smart city” talk is more than a little premature. 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With proper techniques, the carbon from decaying plant matter can be kept safely in the soil, rather than entering the atmosphere in the form of carbon dioxide. The most recent figures from USDA, dating from 2011, show that roughly 25 million acres, about 2 percent of our national total of 930,000,000 acres, are in foreign hands. Up next. Here’s how the, explained it:  “Institutional investors such as pension funds see farmland as fertile ground to plough, either doing their own deals or farming them out to specialist funds. By ERIC O’KEEFE The co-founder of Microsoft and his wife rank as America’s largest private farmland owners. ethanol production over the past 20 years, it shows exactly the same explosive growth as land prices. At its listed headquarters — 8318 Highway 565 — Angelina Agriculture boasted two employees and reported annual revenues just north of $300,000. By ERIC O’KEEFE The co-founder of Microsoft and his wife rank as America’s largest private farmland owners. Others buy plots of low-value land, such as pastures, and upgrade them to higher-yielding orchards.”, “We have no plan B for this type of eventuality.”. This private US farmland REIT was a joint venture between Duquesne Capital Management and Goldman Sachs that launched in 2007. Bill Gates Now Owns The Most Farmland In America | Forbes. In 2018, when 100 Circles sold, it was even better. And it did this so quietly one might even say it was done in secret. China now controls more than 400 American farms. In its list of 100 top American landowners, The Land Report gives the top spot to Liberty Media Chair John Malone, who owns 2.2 million acres of September 6, 2019. This time, when crop prices went down—with corn dropping from six or seven dollars a bushel in 2013 to about half that price today—the land prices dropped with them. Access to secure, affordable land is the biggest challenge young farmers and ranchers face in this country. Reed Family [Up 291,000 Acres] 4. Foreign buyers can hide their identity by creating an American corporation, or buying through a U.S. majority-owned subsidiary. All told, the 2017 acquisition of AgCoA and the 2018 acquisition of the 100 Circles tract in the Horse Heaven Hills of Eastern Washington total an investment in farmland assets of more than $690 million. For financial investors, commodity crops are king, and it’s hard to imagine that they will change their minds anytime soon. The $68.5 million that Kroenke Ranches paid was applied to Ebbers’s IOU. The five largest white landowners in America together own more rural land than all of black America combined. Bill Gates, the fourth richest person in the world and a self-described nerd who is known for his early programming skills rather than his love of the outdoors, has been quietly snatching up 242,000 acres of farmland across the U.S. — enough to make him the top private farmland owner in America. Our independent, deep, and unbiased reporting isn't possible without your support. We reserve the right to bar, restrict or suspend any user’s access to the Services, and/or to terminate this license at any time for any reason. And while California and the Southwest would seem the most obvious areas that will face serious water challenges in the future, we have already seen similar drought conditions playing out in other states, such as Nebraska, Kansas, and Oklahoma. 5. The Federal Reserve Cartel: Who owns the Federal Reserve? By Dave Merrill, Devon Pendleton, Sophie Alexander, Jeremy C.F. Nationwide, Canadian investors own the most farmland. “Bill Gates has started laying out his plans for creating a ‘smart city’ in Phoenix, Arizona,” science-news outlet Futurism wrote. Briscoe Family [Up 46,000 Acres] 14. Once you submit your info, you can pay securely online by PayPal or credit card. Eighty percent of rented farmland (283 million acres, 30 percent of all farmland) is owned by non-operator landlords, those that own land used in agricultural production but are not actively involved in farming. There’s also a proposal to build a new interstate linking Phoenix to Las Vegas. Share. Simplot Family - 82,500 farmland acres. A new coalition of farmland owners, operators and environmental groups is working to come up with verifiable standards for sustainable farming. Soon they came back with the answer: The Louisiana company was acting on behalf of Cascade Investment LLC, the secretive investment firm that manages most of the huge fortune belonging to Bill Gates. Interest rates are creeping up. And the pace of investment seems to be picking up. 124k members in the urbanplanning community. And who decides? The state with the most foreign ownership and investment is Maine, which has 3.1 million acres that are foreign-controlled, followed closely by Texas at 3 million acres. During the same period that farmland prices started gaining steam, many crop prices have stagnated or fallen. Post was not sent - check your email addresses! Gates’ achievement, according to the report, is that he’s largest private owner of farmland in the US. THE FULL LIST: AMERICA’S 100 LARGEST LANDOWNERS 2020. “The new green economy will mean new opportunities for land owners,” O’Keefe believes. The local population reaps no benefit, they lose their farming rights, access to water, even their homes. 2. Who Owns the Most Farmland in the Us. Found inside – Page 72American Agricultural Investment Management Company Inc. WILLIAM S.P. COTTER ... It began with the statement " Farming is America's biggest business ... Call it a hunch, but the story did not jibe. A 1978 federal law, known as the Agricultural Foreign Investment Disclosure Act, requires foreign entities to report transactions of farmland to the USDA’s Farm Service Agency.The data covers years 1900 through 2016. Farmland, the Economist announced in 2014, had outperformed most asset classes for the previous 20 years, delivering average U.S. returns of 12 percent a year with low volatility. Brad Kelley 9. The group is called Leading Harvest, and the Gates-linked Cottonwood Ag is one of its founding members. The Largest Land Owners in America. Found inside – Page 231There , as in other parts of Europe , the disease having , in a certain sense , become chronic , a return to a better state of land ownership is most ... Today, USDA estimates that at least 30 percent of American farmland is owned by non-operators who lease it out to farmers. Nicknamed the "Cable Cowboy," Malone rose quickly in the telecommunications industry, helping to build the cable provider Tele-Communications Inc. (TCI) from being a minor player in the 1970s to its acquisition by AT&T for $55 billion USD in 1999. > Land area: 275,000 acres. Where the land is: Florida, Kentucky, Texas. We’re used to thinking of escalating rents as an urban problem, something suffered mostly by the citizens of booming cities. And not just farmers. Found inside – Page 155For this salad, she suggests roasting your own peppers, because she finds most jarred roasted peppers to be less than flavorful. After blackened peppers are ... It is your responsibility to review these Terms prior to each use of the Services and, by continuing to use the Services, you agree to all changes as well as Terms in place at the time of the use. And the pace of investment seems to be picking up. Which in turn means less impact on the environment. Dusky layers of silt and sand towered over the 6-foot-tall retired Washington State professor. Newsweek called him a “sustainable agriculture champion.”, Those stories dovetailed with earlier reports about Gates’ large land acquisitions in Arizona. It was his last deal as a free man. While Gates is America’s biggest farmland owner, he’s far from being the nation’s largest landowner in general. Found inside... one who owns and controls most or all of the land and capital, provides most ... including the U.S. Whichever definition is used, U.S. farms have moved ... By buying land in other countries and farming it, foreign buyers are able to support their domestic food supply and other markets that depend on agriculture without having to compete for essential products on the global market. Late last year, Eric O’Keefe was researching a mysterious recent purchase of 14,500 acres of prime Washington state farmland. Hadley Family: 260,000 acres together with the large Diamond A Ranch. And as exports to China and elsewhere have increased, farm income has risen. James B. Meigs is the co-host of the “How Do We Fix It?” podcast and the former editor-in-chief of Popular Mechanics. Who Really Owns America’s Land? Please sign me up to receive breaking news and updates from the Land Report! While Gates owns the most farmland in the US, he is not the largest landowner in the country overall. Bill Gates owns 242,000 acres of farmland, making him America’s biggest private-farmland owner, according to a new report Kate Duffy Jan. 15, 2021, 11:14 PM Facebook LinkedIn Reddit Twitter Email Some act as landlords by buying land and leasing it out. The land they control and own is located in Arizona, Colorado, New Mexico and Utah. The group’s founding members are expected to spearhead the rollout of the new standards on their own lands. So when city people look out over a farm—whether they see corn stalks, or long rows of fruit bushes, or cattle herds roving across wild grasses—the price of real estate is probably the last thing that’s going to come to mind. The deals are typically accompanied by promises of jobs, infrastructure, resource development, or just a jolt for the national economy, but all too often, those promises come to nothing. By buying land in other countries and farming it, foreign buyers are able to support their domestic food supply and other markets that depend on agriculture without having to compete for essential products on the global market. Remember that metal-sided building down near the Bayou Teche? In 1998 when he was the toast of Wall Street, the telecom cowboy paid British Columbia’s Woodward family the astronomical sum of $73 million for Canada’s largest ranch: 500,000-acre Douglas Lake, a 22,000-head cattle operation. But the purchaser of record was a small, obscure company in Louisiana. Bill Gates Now Owns The Most Farmland In America. These are a few of the reasons why savvy investors have been plowing millions of dollars into farmland on both the Oregon and the Washington sides of the Columbia River Gorge. Iceland is the world's 18th-largest island, and Europe's second-largest island after Great Britain. For much, much more, visit the invaluable, Zhang himself takes a temperate view: “Despite the deteriorating agricultural financial conditions and continued decline in farm income, the current farm downturn is more likely a liquidity and working capital problem, as opposed to a solvency and balance sheet problem for the entire agricultural sector,” he, .”Rather than an abrupt farm crisis, we are likely to [see] a gradual, drawn-out downward adjustment to the historical normal return levels for the agricultural economy. !Why does he own the most farmland in America? Land and the products of the earth, in their natural state, were considered a gift of God to man, but then man was commanded individually to cu But there's one little problem with that conventional wisdom: it's just not true. But the soil under farmers’ feet has become much more valuable in the past decade. by At current valuations, it’s one of the nation’s best farmland opportunities. “The arrangement is simple,” The Wall Street Journal wrote in a 2014 profile. The question of who owns the world’s lands and natural resources is a major source of contestation around the globe, affecting prospects for rural economic development, human rights and dignity, cultural survival, political stability, conservation of the environment, and efforts to combat climate change. According to the Journal, they are even discouraged from using Facebook and other social-media platforms. So far, Gates’ farmland portfolio spans 18 states with his largest holdings in Louisiana (70,000 acres), Arkansas (50,000 acres), Arizona (25,000 acres) and Nebraska (20,000 acres). Much like the Bill & Melinda Gates Foundation uses science and technology to achieve a number of worthy goals — including transitioning millions of people out of poverty, improving people’s health and well-being, and ensuring that all people have access to opportunities necessary to succeed in school and in life — Cascade’s farmland holdings also aim to further laudable objectives. But why should people worry about who owns the most farmland? Today, the United States Department of Agriculture (USDA) estimates that at least 30 percent of American farmland is owned by non-operators who lease it out to farmers. Found insidePAUL CAMPUS UBRARIES There are nearly 2 million fewer owners of U.S. agricultural land now than in 1945. ... People own most farmland . Found inside – Page 11Provides several thorough case studies on shared ownership models and ... WEB RESOURCES American Farmland Trust: www.farmland.org The web site for American ... By 2016, the price per acre was $7,183—a drop from the 2013 peak of $8,716, but still a colossal increase of 1,600 percent. The House of Morgan presided over American finance from the corner of Wall Street and Broad, acting as quasi-US central bank since 1838, when George Peabody founded it in London. Spanning over 3.5 million square miles, the United States is the third largest country in the world by landmass, trailing only China and Russia. There was no public announcement, and no notice in the business press. Indeed, if you graph ethanol production over the past 20 years, it shows exactly the same explosive growth as land prices. What happens to small farmers? Tens of thousands of acres? Steve Everett would be proud. In January 2020, The Land Report announced the launch of a sustainability standard that was developed by US farmland owners and operators. A 1978 federal law, known as the Agricultural Foreign Investment Disclosure Act, requires foreign entities to report transactions of farmland to the USDA’s Farm Service Agency.The data covers years 1900 through 2016. … Claim: America’s Biggest Owner Of Farmland Is Now Bill Gates Ebbers subsequently pledged Douglas Lake as collateral for $400 million he ended up borrowing from WorldCom, and in 2003, WorldCom sold Douglas Lake to Kroenke Ranches. He is a very ambitious man who has realized a lot of his goals in his life. 50. It seems the barest common sense that there should be some federal entity protecting citizens’ rights to water against anonymous industrial agribusiness.  We have no plan B for this type of eventuality.”. Italian buyers are reported to have purchased 102,000 acres in Missouri, and New Zealand some 18,000. California. Below are the top land owners in the US based on acreage. “He has very competent investment managers.”. For comparison, in the same period, the Dow Jones Industrial Average rose less than half as fast, from $2,633 to $21,476. Investment guru Michael Larson, who has worked with Gates since 1994, runs the Washington-based Cascade Investment, as well as supervising the Bill and Melinda Gates Foundation’s nearly $50 billion endowment. Let’s call that strike one. Heirs to the Anheuser-Busch beer empire, 49. John Malone 2. Only sovereign wealth funds and institutional investors can stroke a check for tracts in that league, which is exactly what occurred on the sell side of the 100 Circles transaction: The seller was John Hancock Life Insurance, a multibillion-dollar asset manager with key holdings in all the major US markets as well as Canada and Australia. Among the participants in the 13-member Sustainable Agriculture Working Group are Ceres Partners, Hancock Natural Resources Group, The Rohaytn Group, and UBS Farmland Investors. Lemmon Holdings invested in some 40 square miles of “transitional” land on the western fringe of the Phoenix sprawl. Farmland, the. You are granted a personal, revocable, limited, non-exclusive, non-transferable license to access and use the Services and the Content conditioned on your continued acceptance of, and compliance with, the Terms. By Dave Merrill, Devon Pendleton, Sophie Alexander, Jeremy C.F. Found insideIn contrast, small family farms make up most of the U.S. farm count but produce a modest share of farm output. Small farms are less profitable than ... Though farmland prices are still high, they peaked somewhere around 2013 and have fallen for three years in a row—the first time that’s happened. By using The Counter (“us” and “we”) website or any of its Content (as defined in Section 9 below) and features (collectively, “Services”), you agree to the terms and conditions of use below and such other requirements that we inform you of (collectively, “Terms”). Lin and Andre Tartar – Bloomberg “The 100 largest owners of private property in the U.S., newcomers and old-timers together, have 40 million acres, or approximately 2% of the country’s land mass, according to data from the Land Report and reporting by Bloomberg News. Given that Gates is the third-richest person in the world — with an estimated net worth of $132 billion, he falls in behind Tesla founder Elon Musk and Amazon’s Jeff Bezos — those money managers have their hands full. Institutional investors have long balanced their portfolios by putting part of their money in natural resources—goldmines and coal fields and forests. Urban Planning, Community Planning, City Planning, New Urbanism, Smart Growth, Zoning, Transportation … Who owns the most non-federally owned land in the United States of America? Shopping. On the other hand, operating costs seem to be going down. “Bill Gates, co-founder of Microsoft, has an alter ego,” O’Keefe wrote: “Farmer Bill, the guy who owns more farmland than anyone else in America.”, The Land Report scoop made headlines. Especially when it comes to row crops like sweet corn and wheat, which were grown in rotation with potatoes on 100 Circles, which is the name of the property that changed hands. Thousand-acre transactions — such as the sale of 6,000- acre Weidert Farm to Farmland L.P. two years ago and the 6,175-acre Broetje Orchards acquisition by the Ontario Teachers’ Pension Plan last year — are blue-moon events. His 242,000 acres of farmland stretch across 18 states from Washington to … 5. Today, the Belmont tract remains mostly empty desert. His magazine, The Land Report, tracks major land transactions and produces an annual list of the 100 biggest US landowners. Call it a hunch, but the story did not jibe. Activities that harvest or remove resources generally are prohibited. Federal land ownership is concentrated in the West. Specifically, 61.2% of Alaska is federally owned, as is 46.9% of the 11 coterminous western states. Foreign persons from the Netherlands own 19 percent, Germany owns 7, the United Kingdom owns 6 and Portugal owns 5. The majority of rented acres are owned by non-operator landlords. For comparison, in the same period, the Dow Jones Industrial Average rose less than half as fast, from $2,633 to $21,476. (The island of Ireland is third.) We may modify, suspend or discontinue any aspect of the Services at any time, including the availability of any Services feature, database, or content, or for any reason whatsoever, whether to all users or to you specifically. Skip recommended stories carousel and go to main content. The fifty private land owners who own the most land in the US, including Amazon founder Jeff Bezos and CNN founder Ted Turner, have been revealed in a new investigation. In theory, yes. For example, the infrastructure for dealing with products other than corn or soy in Iowa, simply doesn’t exist. According to reporting by Wendy Culverwell in the Tri-City Herald, a 14,500-acre swath of choice Eastern Washington farmland in the Horse Heaven Hills of Benton County had just traded hands for almost $171 million. Here’s how the Economist explained it:  “Institutional investors such as pension funds see farmland as fertile ground to plough, either doing their own deals or farming them out to specialist funds. 1. People involved in the Gates financial empire stress that the family’s philanthropic endeavors are kept separate from their investments and business ventures. In the report "Who Owns the Land," the United States Department of Agriculture disclosed all of Black America only owns just under 8 million acres. In 2006, he helped launch TerraPower, a company developing a new type of compact, ultra-safe nuclear reactor. Cattle ranchers. Saudi Arabia and the UAE alone have acquired more than 15,000 acres in Arizona and Southern California to grow fodder for dairy cattle. Found insideDispossession recovers a lost chapter of the black experience in the American South, presenting a counternarrative to the conventional story of the progress achieved by the civil rights movement. It’s probably not overstating much to say that the government of China now controls more than 400 American farms consisting of a hundred thousand acres of farmland, with at least 50,000 in Missouri alone, plus CAFOs (concentrated animal feeding operations), 33 processing plants, the distribution system—and one out of every four American hogs. Found inside – Page 50Agriculture is America's most important business . It feeds the Nation and a large ... In my own State of Vermont , nearly 200 acres are lost every day . Don’t get too optimistic—or too pessimistic—just yet, though. A quick look at farmland investment company websites makes it clear that they are very particular about assessing the fertility, the access to water and distribution, and other criteria of the land they are buying. Found inside – Page 253The point I am making is that all America has changed -- not just ... the majority of farm produce was from relatively small farms with most of the labor ... Get your twice-weekly fix of features, commentary, and insight from the frontlines of American food. Is it good news for a sustainable approach to agriculture rooted in small, independent farms, enlightened farming practices, and short supply chains? Queen Elizabeth II of England legally owns the most land on Earth—as leader of 32 countries, the Queen is owner of 6.6 billion acres of land, or about one-sixth of the entire land surface on Earth. The Gateses’ largest single block of dirt was acquired in 2017: a group of farmland assets owned by the Canada Pension Plan Investment Board. With the Washington state acreage and other recent additions to his portfolio, O’Keefe calculated, Gates now owns at least 242,000 acres of American farmland. For investors who know what they’re doing, agricultural land offers financial stability in uncertain times. More often than not, farmland sales involve hundreds of acres. In 2005, the former WorldCom CEO was convicted of securities fraud, conspiracy, and filing false reports that were instrumental in WorldCom’s $11 billion dollar accounting fraud. In states that are water insecure in the Southwest, there is a dizzying and arcane array of regulations that are barely equal now to the challenges of current domestic use, much less answering the needs of foreign agriculture. However, many of these companies are owned by foreign investors. So just how much of our farmland are we willing to sell? In these examples, ownership of the land becomes corporate, but it remains in U.S. hands. You may use the Services for your noncommercial personal use and for no other purpose. But it also means we can devote less of the planet’s surface to farmland, which is good news for forests and ecosystems. The Scary Reason Why Bill Gates Now OWNS 268,000 Acres of American Farmland!! The committee is made up of representatives from 16 government agencies, and chaired by the Secretary of the Treasury. The family owns 390,000 acres of land. Given the size and cost of 100 Circles, both of those figures made no sense at all. Bill Gates Now Owns The Most Farmland In America! “I don’t think it’s a bubble,” says Zhang. These People Own the Most Land in America. Certainly if you read some headlines in Midwestern newspapers, you might get the impression not only that there’s a bubble but that it is in the process of bursting. Found inside – Page 300cents per dollar for nonmetro farms. Adaptive metro farms have the highest investment per acre of any farm type, more than four times that of traditional ... The farm was subsequently sold to AgCoA, which was acquired by the Canada Pension Plan Investment Board. To whom is the government most in debt? Most likely, it is just one more asset in Gates’ vast portfolio, quietly appreciating in value while the billionaire himself remains at arm’s length. The fifty private land owners who own the most land in the US, including Amazon founder Jeff Bezos and CNN founder Ted Turner, have been revealed in a new investigation. John Malone might not be America's most famous businessman, but he is undoubtedly the biggest landowner in the United States. in 2014, had outperformed most asset classes for the previous 20 years, delivering average U.S. returns of 12 percent a year with low volatility. Saudi Arabia and the UAE alone have acquired more than 15,000 acres in Arizona and Southern California to grow fodder for dairy cattle. Some partners in the Arizona project issued a press release touting plans to build “a forward-thinking community … that embraces cutting-edge technology.” There was talk of “high-speed digital networks” and “autonomous logistics hubs.” That was all it took for many in the media to conclude that Gates was personally engineering the city of the future. Photograph: Scott Morgan/The Observer. appeared first on Growing Produce. Below are the top land owners in the US based on acreage. Bill Gates, the fourth richest person in the world and a self-described nerd who is known for his early programming skills rather than his love of the outdoors, has been quietly s Think of it this way: If you wanted to buy Iowa farmland in 1970, the average going price was $419 per acre, according to the Iowa State University Farmland Value Survey. “People want to know, ’Why does Bill Gates want all this land?’ ”, But hyper-wealthy people like Gates don’t make every decision personally, O’Keefe notes. The deals are typically accompanied by promises of jobs, infrastructure, resource development, or just a jolt for the national economy, but all too often, those promises come to nothing. But from the viewpoint of sustainability, there are many disadvantages to consolidating farmland in the hands of financially oriented landlords. For now, though, all that “smart city” talk is more than a little premature.

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