Friday, October 21, 2011
America's Biggest Land Owners
#3 Archie "Red" Emmerson. Owns: 1.87 million acres in California and Washington. #3 Archie "Red" EmmersonIn 1949 Emmerson and his father, Curly, leased a sawmill and built the business into Sierra Pacific Industries. Red borrowed $460 million to buy 522,000 acres in California, a position since increased to almost 2 million acres.
Land Report estimates the tightlipped Kelley owns 1.7 million acres. Most recently he's reported to have bulked up his holdings with ranchland in the Big Bend region of Texas.
#6 Singleton family. Own: 1.11 million acres in New Mexico. Henry Singleton was a brilliant engineer who co-founded Teledyne and began buying land in New Mexico in the mid-1980s. Now his heirs run the massive Singleton Ranches, headquartered in Santa Fe, one of the nation's biggest cattle and horse-breeding operations.
AAEA would be willing to speculate that two to three of these individuals owns more land than all African Americans combined.
Between 1865 and 1915, African Americans purchased 15 million acres of land, most of it in the rural south.
Today black farmers own less than 2 million acres. (Lawyer's Committee, African American Land Loss)