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The real reason why Bill Gates is now the US’ biggest farmland owner

By James B. Meigs | 27 February 2021

NEW YORK POST — Late last year, Eric O’Keefe was researching a mysterious recent purchase of 14,500 acres of prime Washington state farmland. His magazine, The Land Report, tracks major land transactions and produces an annual list of the 100 biggest US landowners.

Sales of more than a thousand acres are “blue-moon events,” O’Keefe noted, so this one stood out. And Eastern Washington has some of the richest, most expensive farmland in the country. But the purchaser of record was a small, obscure company in Louisiana.

“That immediately set off alarm bells,” O’Keefe says.

He assigned his research team to dig a little deeper. 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.

O’Keefe knew Gates had been acquiring farmland for years, mostly through various Cascade subsidiaries. The mogul’s holdings include large tracts in Illinois, Iowa, Louisiana, California, and about a dozen other states. 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.

“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.”  […]

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