If they purchased the rest of their farmland for similar prices, that would put the value of their 242,000 acres at almost $3 billion. Ted Turner, who reportedly owns property in Arkansas, comes up just behind Malone on the USA Today list with 2 million acres. Can you imagine having that much property? Benton Quitzon, I am a comfortable, charming, thankful, happy, adventurous, handsome, precious person who loves writing and wants to share my knowledge and understanding with you. The acquisitions are held directly, as well as through Gates' personal investment entity, Cascade Investments. Gates and his wife paid almost $171 million for 14,500 acres of farmland in the Horse Heaven Hills of Benton County, Wash., according to The Land Report. arkansas Farmland Prices Over the last 20 years, the price of farmland per acre in arkansas has risen by an average of 5.1% per year to $2,880 per acre as of 2019. Its a stunning 830 acres in Benton county. For five generations, the Reed Family has owned and operated the logging company Green Diamond Resource Co. This way, they can protect green infrastructure for the people who live in Arkansas now and those who will live there in the future. Arkansas produces 1.1 million pounds of cotton bales, and 371,000 tons of cottonseed. Earlier this year, in May, claims were made that Microsoft Corpco-founder Bill Gates owned the majority of Americas farmland. Ag Briefs: Bill Gates owns most farmland in U.S. - Wisconsin State Farmer It also mined minerals and developed land. READ MORE: How Farmland Owners Earn Income, READ MORE: Betting on the Farm: Carter Malloy and AcreTrader. While that is false, with the billionaire amassing nearly 270,000 acres of farmland across the country, compared to 900 million total farm acres, a different billionaire privately owns 2.2 million acres, making him the largest landowner in the U.S. John Malone, the former CEO of Tele-Communications Inc., which AT&T Inc. purchased for more than $50 billion in 1999, has a variety of ranching and real estate businesses, primarily in Maine, New Mexico, Colorado, and Wyoming. Kroenke is married to Ann Walkton Kroenke, an heiress to the Wal-Mart fortune. 25 percent of forestland is owned by the forestry industry. With 242,000 acres of farmland, the Gates family is now comfortably ahead of the rest of the top farmland owners in the country. Nothing beats land: Bill Gates is now America's biggest farmer Starting in 2013, Gates began investing his billions (through the firm Cascade Investment) in agriculture because of its steady increase in value and low volatility. This is attributed in part to the fact that much of the terrain in this region is either mountainous or arid and unsuitable for cultivation, which made it unattractive to homesteaders looking to claim land. Nebraska ranks third among states in their farm holdings . How much property does Bill Gates own? The Trail of Tears goes through nine states. Surgeons $260,950 3. Bill Gates Becomes the Largest Farmland Owner in the United States: Report Meet the 4 Largest Landowners in Arkansas - AZ Animals Inside Elon Musk's Twitter takeover: How six months after billionaire bought tech giant for $44bn he has slashed 80% of workforce, has $12.5BN debts, overseen failed blue tick relaunch and seen celebrities ditch it in droves, Carried away to be raped and murdered after being sold by her mother for $10 of crack: Tragic last moments of three-year-old girl who suffered the ultimate betrayal, Barack Obama launches trailer for new Netflix Doc 'Working' about people's jobs - which will 'touch on issues of race and democracy and civil rights', Inside the creepy abandoned home rumored to be the location of a gruesome murder in the 1930s - that was solved thanks to a parrot who repeated harrowing last words of the two women who were killed, All business! The Northwest Arkansas Land Trust was started by people who cared about the area and wanted to stop development. The most acres are in Louisiana at just over 69,000, followed by Arkansas at nearly 48,000 and Nebraska at 20,588. The 14,000 acres in Washington is used for potatoes and in Florida the land is used for carrots. How Much Farmland Bill Gates Owns and Why He Made the Purchases However, his largest land holdings are in Louisiana (69,071 acres), Arkansas (47,927 acres), Nebraska (20,588 acres), Arizona (25,750 acres) and Washington state (16,097). Gates reportedly paid nearly $1,041,293 in property taxes in 2017, for this property. Hunter Biden must appear at 9 a.m. on Monday in a Batesville courtroom regarding a contempt charge and all other pending motions in The post Hunter Biden Ordered to Appear in Arkansas Court appeared first on AMP. His fortune was made in the media space, where he still today owns many media assets we all consume today. Who is the largest landowner in the United States? Learn more from the Arkansas Rice Federation, UAEX, Arkansas Agriculture Council and Arkansas Farm Bureau. For comparison, the state of Rhode Island covers an area of 1,214 square miles. Don't miss real-time alerts on your stocks - join Benzinga Pro for free! Arkansas is a true treat! That's basically the motivation there. This has us Arkansans wondering. Thank you for reading! The views expressed in the contents above are those of our users and do not necessarily reflect the views of MailOnline. Some of the most well-known public lands in Arkansas include the Ouachita National Forest, Hot Springs National Park, and Buffalo National River, all of which are managed by the federal government. "The conservation of lands is important," the billionaire said. In that same Reddit AMA from 2021, the one where Gates separated his land investments from his sustainability initiatives, he also mentioned the importance of productive seeds to avoid deforestation as well as the production of biofuels, which relies heavily on corn, in the very same answer. The Gates family owns 47,927 acres in Arkansas, according to the Land Report. The latest addition was more than 800 acres near Siloam Springs. Bill Gates is America's biggest owner of private farmland, and his What is the importance of research in government? 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. Not just ecosystemsscenic areas and wildlife habitats are suffering too. Investguiding is a website that writes about many topics of interest to you, it's a blog that shares knowledge and insights useful to everyone in many fields. Arkansas is fortunate to have a wealth of federally protected land. "Bill Gates, co-founder of . farms is a 5th generation farmer, who runs a 5,650-acre corn and soybean farm located in Correll, Minnesota. Many lives were lost. 7. Who is the largest private landowner in the world? John Malone is the largest private landowner in the United States. Who is the biggest farmer in the United States? . Bill Gates is now the largest farmland owner in America. What percentage of the land in Arkansas is privately owned? 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Bill and Melindas main residenceand by far their most impressive homeis a massive compound in Medina, Washington nicknamed 'Xanadu 2.0' in a reference to, Undisclosed Sale Price (Listed for $8.9 Million). It also includes acres in Carroll Counties in the northwest corner of Arkansas. The average person has nothing in common with mega-landowners like Bill Gates or Ted Turner. Is It Illegal To Chain A Dog Up In Arkansas? Jeff Bezos is 25th and owns about 420,000 acres of farmland. In May 2022, Grady Spann became the chief executive officer. Discover more about Arkansas with the articles below. A single cow requires a minimum of one acreand really, two to three acres per animal is more ideal. Bill Gates is the largest private owner of American farmland, which is why so many people are wondering what he will use it for. In Nebraska where he owns 20,000 acres, it is used for soybeans. 34. Why? The tech mogul, who is the fourth richest person in the world with a net worth of $121billion, according to Forbes, has quietly built up a massive agriculture portfolio. What Is The Highest Paid Job In Arkansas? The preserve is on the Arkansas/Oklahoma border. Bill Gates found to be the largest farmland owner in the U.S - KARK Farm Gates - Ohio Ag Net | Ohio's Country Journal 1 overall pick and where will QBs Bryce Young and C.J. In 1994 Bill and Melinda Gates are said to have hired Michael Larson to help them diversify their property portfolio. The battlefield is 4,300 acres and is one of Americas most intact Civil War battlefields. John MaloneJohn Malone is the largest private landowner in the United States. Best known as the co-founder and former CEO of Microsoft, Bill Gates now lays claim to a new title: the biggest farmland owner in the United States. It was created from the Burlington Northern railroads natural resources holdings in 1988. His largest holding is in Louisiana (69,071 acres), followed by Arkansas (47,927 acres) and Arizona (25,750 . 2) Why is Gates grabbing US farmland? 70,000 Acres Louisiana Farm Bureau News. 37. Learn more about us & read our affiliate disclosure. Bill Gates now owns the most farmland of anyone in the United States, according to a recent report from The Land Report . 23. Bill Gates Asked Why He's Buying So Much US Farmland: Here's His Answer He explains that NWALT protects land by getting people to donate it, having people agree not to build on it, buying land, partnering with other organizations, and taking care of the land. The United States consists of 11,078,300 Census Blocks, Freeman explained on his Tumblr. Gates and his wife Melinda own a total of 268,984 acres of land, most of which includes the farmland, along with 25,750 acres of transitional land and 1,234 acres of recreational land. The main agency responsible for this land is the Forest Service, which owns 82.1% of all federally owned land in Arkansas. Private Residence at the Yellowstone Club in Big Sky, Montana: Estimated $5-25 Million. Why is Bill Gates buying up US farmland? - DW - 04/09/2021 2022 Benzinga.com. So approximately, McDonald's owns around 47,037 acres of land. The Mississippi River alluvial soils of eastern Arkansas make up the Delta region of the state. Some cities are beginning to plan for areas with many plants and trees (connective greenways), but this is not happening in Northwest Arkansas. It also helps protect working farms and beautiful scenery. How long does it take to discover a data breach? ', In 2008, The Bill & Melinda Gates Foundation announced $306 million in grants designed to boost the yields and incomes of millions of small farmers in Africa as well as 'other parts of the developing world so they can lift themselves and their families out of hunger and poverty.'. 4. Who owns the most land in Arkansas? - 2022 Green infrastructure also helps to preserve scenic viewsheds. Reed family: Land area: 1.7 million acres. Everybody benefits when landowners work together to preserve the states natural beauty. Finally, Arkansas' cuisine is integral to its culture with such foods as barbecue, traditional country cooking, fried catfish and chicken, wild duck, rice, purple hull peas, okra, apples, fried green tomatoes and grits being part of the people of Arkansas's diet and economy. 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. Enter your email in the box below to get the most mind-blowing animal stories and videos delivered directly to your inbox every day. Today, Bill Gates owns 242,000 acres of farmland in 19 states. Where did Bill Gates buy farmland in Arkansas? President Joe Bidens son, Hunter Biden, has been ordered to appear in an Arkansas courtroom next week. In total, Bill and Melinda Gates have acquired land in more than a dozen states. Plum Creek mainly has large land holdings in Union, Ashley, Drew, and Dallas counties. The couple also snapped up an oceanfront home in San Diego County, California, last year, for a record making $43 million. The top landowners in Arkansas play a big role in what the state will look like for future generations. The Weird Thing That Causes the Smell of Spring. Most of that land is in Arkansas. For now, Gatess ever-expanding farmland ownership is really just rich guy doing rich guy things, and while concerning in a late-stage capitalism sort of way, it isnt as cartoonishly nefarious as some conspiratorial corners of the internet want to believe. 18. Speaking of a hedge against inflation, did you know that you can invest as little as $100 into rental properties to earn passive income and build long-term wealth? However, his largest land holdings are in Louisiana (69,071 acres), Arkansas (47,927 acres), Nebraska (20,588 acres), Arizona (25,750 acres) and Washington state (16,097). 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North Dakota's attorney general has found the sale of a couple thousand acres of prime farmland to a group tied to Bill Gates complies with a Depression-era law meant to protect family farms because the land is being leased back to farmers. Determining Your Budget's Buying Power. Try the tool that will help you invest smarter, faster, and better. He also bought farmland in Washington state in 2018, The farmland was bought by the couple, pictured at Lincoln Center in New York in 2017, mostly through their investment company, Cascade Investments, and is not connected to the Bill and Melinda Gates Foundation, which also works to help support farming. The Land Report article provides an in-depth look at how editors tracked down Gates farmland acquisitions. According to landreport.com, the Gates family has a total of 242,000 in farmland acreage in the United States. Soldiers from Arkansas served in both, Plant beets, carrots, Chinese cabbage, kale, kohlrabi, lettuce, Swiss chard, turnips, potatoes, cabbage, broccoli, and cauliflower. However, his largest land holdings are in Louisiana (69,071 acres), Arkansas (47,927 acres), Nebraska (20,588 acres), Arizona (25,750 acres) and Washington state (16,097). The company was headquartered in Seattle. It is unclear why Gates, better known as a self-confessed computing 'nerd', has invested in farmland so heavily, and details of the land are scarce,as revealed in The Land Report. After buying it for $2 million in 1988, Gates spent $63 million and seven years in building the 66,000 sq ft estate. This represents an increase of $1,740 per acre of farmland over this time period. From the Ozark and Ouachita Mountains in the west to the dense forests in the south and the flatlands of the east it all adds up to one of Earths awesome places. What's the goal? 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'. Bill Gates Becomes Biggest U.S. By 2019, the USDA says foreign ownership of U.S. acres exceeded 35.2 million acres, a 60 percent increase from the decade prior. How long can you stay in Aruba If you own property? 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. In total, Bill Gates owns nearly 270,000 acres of farmland in the United States. Similar to private equity firms destabilizing the housing market, millionaires and billionaires investing in farmland are also creating their own set of issues, as they are now pricing out young farmers looking to buy land. A 6,300-acre farm owned by Bill Gates in Madison County could become the site of one of the nation's largest solar farms. This acreage accounts for 17.8 percent of the familys total land holdings. Bell Ranch in New Mexico, a 290,100-acre plain dotted with mesas, rimrock canyons, meadows, and a distinctive bell-shaped mountain, was one of his first significant acquisitions. Arkansass Fort Smith National Historic Site also includes the Trail of Tears. 2023 Investguiding. The Reps executive artistic director, Will Trice, will move into an executive director position. The newly merged Weyerhaeuser company owns 13 million acres across the country. In total, Bill and Melinda Gates have acquired land in more than a dozen states. This is part of a broader 269,000-acre land portfolio belonging to the couple and associated entities across 19 states, with the largest holdings in Louisiana (69,071 acres), Arkansas (47,927 acres) and Arizona (25,750 acres). So, a small herd of 20 requires a minimum of 20 to 60 acres. 1. All rights reserved. Orthodontists $259,010 4. ", Watch:'We're so early on in single-family rentals being an institutional asset class': Benzinga talks to The Peak Group about the rise in single-family rental investments. Billy Hathorn, CC BY-SA 3.0 , via Wikimedia Commons License. How much land does China own in the United States? For more information, please see our Morgan Ortagus explains. and our Pastor Steve Cioccolanti on Twitter: "Total US FARMLAND = 242,000 acres Published: 18:06 EDT, 15 January 2021 | Updated: 02:04 EDT, 16 January 2021. They. Arkansas will benefit tremendously in terms of job creation and environmental protection. Researching Zoning Compliance Regulations. The outlet reported this week that Gates, 65, owns 268,984. Malone's 2.2 million acres are largely located in Maine, New Mexico, Colorado, and Wyoming and include profitable cattle ranches. We are no longer accepting comments on this article. While that . 3. Who is largest land owner in Arkansas?