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 1. Home
 2. Investing
 3. The New York Post


THE NEW YORK POST




BILL GATES IS NOW THE LARGEST FARMLAND OWNER IN AMERICA

Published: Jan. 16, 2021 at 12:36 p.m. ET
By

NOAH MANSKAR

43




BILL GATES AND HIS BOOK PICKS FROM 2020.

Courtesy Gates Notes
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Bill Gates may no longer be the world’s richest man, but he can claim a new
title: America’s farmland king.

The billionaire Microsoft co-founder has become the largest owner of farmland in
the United States by quietly buying up massive plots across the county, a new
report says.

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 nation’s biggest landowners.


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The biggest chunks of Gates’ holdings are in Louisiana and Arkansas, where he
owns 69,071 acres and 47,927 acres, respectively, the outlet’s research found.

He also reportedly owns 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.

The land is owned both directly and indirectly by Cascade Investment, the
Seattle-area firm that Gates — the world’s third-richest man with a net worth of
$132 billion, according to Bloomberg — set up to manage his massive fortune,
according to The Land Report.



A hint at Gates’ huge farm holdings emerged in a 2014 Wall Street Journal
profile of Michael Larson, the money manager who serves as Cascade’s chief
investment officer. 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.”

It’s uncertain why Gates has invested in so much farmland or how his tracts are
currently being used. Cascade did not immediately respond to a phone message
Friday, and the company declined to comment to The Land Report “other than to
say that Cascade is very supportive of sustainable farming,” the outlet said.

Agriculture is also a key focus area for the Bill & Melinda Gates Foundation,
the massive charity run by Gates and his wife. The foundation aims to “support
country-led inclusive agricultural transformation across sub-Saharan Africa and
South Asia,” according to its website.

While Gates is America’s biggest farmland owner, he’s far from being the
nation’s largest landowner in general. That crown belongs to Liberty Media
chairman John Malone, who has 2.2 million acres, according to The Land Report.


INVESTING INSIGHTS WITH GLOBAL CONTEXT

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This article was first published on NYPost.com




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