Gates does not appear to count his farming investments as the nation’s largest farmland owner as part of his broader strategy to save the climate
“The attraction that people have to investing in farmland is that it tends to be countercyclical to the stock market. It’s a hedging strategy,” said Daniel Bigelow, a professor of agricultural economics at Montana State University, who previously served as a USDA research economist. In other words, when the economy is struggling, the value of farmland generally doesn’t depreciate.
When Quarterman first heard about Gates’ firm buying land in the area, he began digging through local property records, linking addresses and business records from registered owners to Kirkland-based companies, until he was able to piece together that the companies buying multiple tracts of land in the Suwannee River Basin were all a “shell of a shell of a shell company investing for Bill Gates.
In every state where the Gateses own land, a tangled web of locally registered limited liability companies follow. While those companies don’t explicitly name Cascade Investments as the owner in their public records, they do share the address of Cascade in Kirkland, Washington, or the address of a Cascade subsidiary, list the names of Cascade employees who registered the companies and sometimes even email addresses from the Bill and Melinda Gates Investment Group.
Quarterman guessed that may be because Bill Gates isn’t the one doing the farming. He’s the landlord, or rather, the companies owned by his investment firm are the landlords. And not all the renters are local.
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