WANT TO JOIN THE TOP 100 CLUB? YOU’LL NEED A MINIMUM OF 156,000 ACRES TO QUALIFY.
America’s leading landowners added hundreds of thousands of acres to their holdings last year. That’s one of the many takeaways from the 2021 Land Report 100, which is compiled each year by Land Report magazine. Now in its 15th edition, this landmark study tracks the diverse array of farmers, ranchers, forest owners, entrepreneurs, and investors who own at a minimum 243.75 square miles. As time has proven, this ownership figure is a moving target - and it keeps moving up.
In the study’s first year, 2007, the founder of Burt’s Bees, Roxanne Quimby, qualified for the No. 100 slot with 75,000 acres of Maine timberland. In 2021, the rock-bottom figure to join this club was more than double that amount: 156,000 acres. And, there are some specific criteria that must be followed, too. Only domestic holdings can be counted, and ownership must be deeded, not leased. Otherwise, number 100 on the list - Nevada’s Ellison Family - would be in the top 10. That’s because the Ellisons’ cattle kingdom in Elko and Lander Counties consists of more than 2 million acres of leased federal lands. But because they hold title to 156,000 acres, that is how they ranked.
So, Who’s Number One?
At the top end of the Land Report 100, an entirely different story emerged. In 2021, California’s Emmerson Family, owners of Sierra Pacific Industries (SPI), acquired 175,000 acres in Oregon from Seneca Jones Timber. That transaction, which was announced on October 1, raised the family’s holdings to more than 2.33 million deeded acres.
The inspiring story of the family’s patriarch, Red Emmerson, is the magazine’s cover story and the featured profile in the 2021 roundup. In 1949, Emmerson began his career in the wood products industry when he teamed up with his father to run a leased mill in northern California that had been sitting idle. Seventy-two years later, the 92-year-old is still on the job, officing at SPI’s headquarters just down the hall from his sons, George and Mark, SPI’s Chairman and CEO, respectively. His daughter, Carolyn Dietz, runs the family’s Sierra Pacific Foundation, which has distributed almost $34 million to community programs and scholarships.
Other Top Landowners
Liberty Media Chairman John Malone ranked number 2 with 2.2 million acres of ranchland out West and timberland holdings in the Northeast. Washington’s Reed Family ranked number 3 with 2.1 million acres. CNN Founder Ted Turner ranked number 4 with 2 million acres. Los Angeles Rams’ owner Stan Kroenke ranked fifth with 1,627,500 acres. In recent years, Kroenke Ranches has become a major player in the renewable energy sector and is on track to be able to power more than 1 million households.
With almost 269,000 acres, Bill Gates retained his ranking as America’s largest private farmland owner. But instead of what he bought, of note in 2021 was what Microsoft’s cofounder did not buy: Easterday Farms and Ranches. The extensive operations in eastern Washington were at the center of a megamillion-dollar scam that defrauded Tyson Foods, among others. At a bankruptcy court auction, Farmland Reserve paid $209 million, outbidding an investment company owned by Gates by $1 million.
EDITOR’S TAKE:
It’s pretty overwhelming to see these figures of the top few landholders in the country. It is not all farmland, much of the land is timber and grazing land, especially in the West. These operations would likely qualify for AgPack and be great candidates for a personal call to work out specials on sales/leasing/service for some lucky CAD dealer or dealers.
