Our state produces about 75 percent of the nations tart cherry crop. Bill Gates owns a ton of farmland in the United Statesas in, about 270,000 acres. Since his divorce, it is unclear how the assets were split up between the couple. Chinas American agricultural land holdings have increased over tenfold in the last decade, and at the beginning of 2020, investments from China held $2 billion of American agricultural land. It is unclear how cheap biofuels can be but if they are cheap it can solve the aviation and truck emissions." Back in January, US magazine The Land Report revealed that Bill and Melinda Gates have amassed the largest portfolio of private farmland in the US, comprising an estimated 242,000 acres. According to Redfin, single-family housing represented over 70% of the properties purchased by investors in the third quarter of 2021 (here). Social media post scrambles the facts on high egg prices, Bill Gates Invested In Artificial Eggs a Decade Before Egg Shortage, Bill Gates is About to Change the Way America Farms, What the plow and lab-grown meat tell us about innovation, Avian influenza outbreaks reduced egg production, driving prices to record highs in 2022, 2022-2023 Confirmations of Highly Pathogenic Avian Influenza in Commercial and Backyard Flocks, Bill Gates owns a lot of American farmland, but not the majority, The controversy over Bill Gates becoming the largest private farmland owner in the US, McDonald's french fries, carrots, onions: all of the foods that come from Bill Gates farmland, Fact Check-Bill Gates doesnt own most U.S. farmland; BlackRock doesnt own most houses, Bill Gates and Richard Branson are betting lab-grown meat might be the food of the future, Bill Gates bets on growing demand for sustainable foods, Lab-Grown Meat Backed by Gates, Tyson Foods Faces U.S. This article will go into detail about how much land Bill Gates owns and why he owns so much. In April 2022, conspiracy theorists insinuated that billionaire Bill Gates was buying up "the majority" of American farmland as part of a diabolical plot to cause widespread food shortages. Weyerhaeuser purchase Plum Creek in 2015 for over $8 Billion! This informational is by no means a promotion, solicitation, or recommendation of any specific investment. In fact, he reportedly owns more farmland than any other individual in America. It is not connected to climate. Thats because the old adage goes: Buy landthey arent making it anymore. (Which volcanologists know isnt exactly true, but you get the idea). Lower-than-usual egg inventories near the end of the year, when demand is up from holiday baking, resulted in several successive weeks of record-high egg prices, the department said. Featured in the agricultural side of their plan is a strategy for subsistence farmers and other small-acre farms in Africa and the developing world education, resources, and layaway payment plans which can be used through smartphones. Microsoft co-founder Bill Gates is America's top private farmland owner. Is Farmland Partners (FPI) A Good Investment? Hes also written about the need for more ways to produce meat without depleting environmental resources. Bill Gates is America's biggest farmer, his 269000 acres farmland grows potatoes and carrots Gates has farmlands in Louisiana, Nebraska, Georgia and other areas. "In terms of the very rich I think they should pay a lot more in taxes and they should give away their wealth over time. Sign up for our newsletter for the latest tech news and scoops delivered daily to your inbox. The report states that Gates has 70,000 acres of land in North Louisiana where they grow soybeans, corn . That makes him the largest landowner in the U.S. Stats show agriculture is a pretty good investment for. There isn't some grand scheme involved - in fact, all these decisions are made by a professional investment team.. Official: Michigan State gunman had note threatening 2 New Jersey schools. The Land Reportmagazine reported in January that Bill and Melinda Gates have amassed the largest portfolio of private farmland in the U.S. A $171 million purchase of 14,500 acres of prime eastern Washington farmland in 2018 gave the power couple an estimated 242,000 acres of farmland, which is nearly the size of Hong Kong. 2023 Benzinga.com. He has been buying thousands of acres across America. While viral conspiracy theories baselessly conjecture that Gates is buying up farmland in order to starve Americans for some unknown reason, there's likely a simpler explanation: Gates makes money off this land. North Dakota officials have questions and residents are furious about a major land grab by a trust linked to billionaire and anti-meat zealot Bill Gates, the nation's biggest owner of farmland. Why doesnt everyone just invest in farmland then? In 2018, Michigan produced 297 million bushels of corn grain, worth $1 billion. 28. 727-821-9494. stated on January 22, 2023 in an Instagram post: The U.S. chicken and egg shortage is linked to Bill Gates. Gates is just using farmland to make Agri-Tech and financial investments. You either had to directly buy the land, pony up millions to participate in a fund or purchase farmland via a REIT. The publication named Gates the countrys largest private farmland owner in 2020, 2021 and 2022. China has steadily accumulated U.S. Treasury securities over the last few decades. Bill Gates buys farmland in Amish Country. As of the latest Rental Housing Finance Survey (2018), there were 19.955 million rental properties in the United States (bit.ly/3FdPtKZ), 17.16 million of them single unit rental properties (bit.ly/3KLCjWH). Gates does not own anywhere close to the majority of America's farmland. Real estate investors overall have also been increasingly targeting single-family homes. Snopes and the Snopes.com logo are registered service marks of Snopes.com. Earlier this week,North Dakota State Attorney General Drew Wrigley wrote a letter to Red River Trust, stating that its corporations and LLCs were prohibited from owning or leasing farmland or ranchland in the state of North Dakota. Wrigley added that these entities were banned from engaging in farming or ranching.. Gates' farmland purchases, which have mostly been made in the last five years, started in 2017 when he bought $520 million of farmland spread over five dozen properties from the Canada. Bill Gates purchase of a large patch of land in North Dakota has sparked fury and conspiracy theories on social media after the Microsoft billionaire secured legal approval to purchase the 2,100 acres of farmland in the state last week. The controversy over Bill Gates becoming the largest private farmland owner in the US People are drawing connections between Gates's vast farmlands and climate change advocacy. One answer might surprise you: While trying to track down who recently purchased 14,500 acres of choice farmland in Washington state's Columbia River Basin, researchers at The Land Report discovered the new owner was Microsoft co-founder Bill Gates. News reports from the last several years suggest that Gates has at different times invested in start-ups focused on developing artificial or plant-based alternatives to meat, such as Natures Fynd, Hampton Creek, Memphis Meats, Beyond Meat and Impossible Foods. The Gates Foundation isnt the entity utilizing the land, but rather just Bills family office. Estes, Nick. 309. Stay up to date with what you want to know. The Consumer Price Index shows chicken prices, including fresh whole chicken and fresh or frozen chicken parts, have increased 11% over the last year. In the Reddit AMA, he also said he'll sell what he owns as money goes towards the foundation. The transitional land he owns in Arizona is reportedly being built into a suburb .. Prior to this in 1999, Bill sold off tons of Microsoft stock to diversify. North Dakota Agriculture Commissioner Doug Goehring spoke with KFYR, stating that the public reaction to the purchase has been negative. Bill Gates Uses Farmland as Investment Vehicle, Owning 269,000 Acres of Land. NBC News, https://www.nbcnews.com/now/video/bill-gates-is-nation-s-largest-farmland-owner-114566213692. 242,000 Acres: Bill Gates Now The Largest Owner Of Farmland In America. According to the Harvard Joint Center for Housing Studies (JCHS) (here), using data of the Rental Housing Finance Survey, between 2001 and 2018 the proportion of rental properties owned by non-individual investors, which include partnerships, trustees for estate, real estate corporations, real estate investment trusts, and other entities, increased from 18% to 26%. Bill Gates just bought 2,100 acres of farmland in North Dakota, adding to the 270,000 acres he inexplicably owns throughout the US China also just bought 300 acres there, adding to the 192,000 . Gates does own a lot of farmland. According to 2021 article from the Land Report, a magazine about land. While the global climate change initiative is trying to reduce total emissions by the year 2050, the year 2030 is also important. While Gates is still the top farmland owner in the U.S., not all of the property he owns is farmland. Gates believes that subsistence farmers and impoverished peoples will be among the most affected by climate change. Some experts have pointed to Gatess well-known sustainability and green tech initiatives as a possible reason, but during an earlier Reddit AMA in 2021, Gates said, my investment group chose to do this. All rights reserved. One main benefit to alt assets especially for those whore heavily invested in the stock market is, another scenario where more traditional assets like stocks and, Also, because youre investing in the land itself, your investment not only is quite resistant to depreciation, but also provides some, Theres a lot of little benefits that stack up when talking about farmland, but the biggest is likely the fact that, American farmland produces a lot of exports, exposing you to political risks, Its a little harder to break into farmland than other assets, though this is changing, In the same way you can invest into ETFs (Exchange Traded Funds) in the stock market, there exist similar products for farmland called, Bill and Melinda released their latest initiative, , While the global climate change initiative is trying to reduce total emissions by the year 2050, the year 2030 is also important. for different crops that have been gene edited to be pest-proof, flood proof, disease proof, and climate change-resistant. It reported that as of 2022, Gates owned about 248,000 acres of farmland. "With more productive seeds we can avoid deforestation and help Africa deal with the climate difficulty they already face. Those people are upset, but there are others that are just livid about this.. Gates owns roughly 275,000 acres of farmland in the US, according to the 2022 edition of the Land Report 100, a yearly survey of the biggest landowners in the country. "It is not connected to climate. Hint, It's Not Bill Gates, Bezos-Backed Startup Lets You Become A Landlord With $100, Try the tool that will help you invest smarter, faster, and better, Bill Gates Finally Explains Why He's Buying So Much U.S. At the turn of this century, Chinese owners owned about 192,000 acres of farmland in the U.S., according to the USDA. The Bill & Melinda Gates Foundation is focused partly on agricultural development to support farmers in sub-Saharan Africa and South Asia. I had heard this in the past, but didn't give it much thought. As reported by Bloomberg . They ripen in late July and early. Gear-obsessed editors choose every product we review. He has also written on his personal blog about the future of food, the increasing demand for meat as the global population rises and the environmental effects of livestock farming. 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. How old do you have to be to strip? See MCL 436.1701., Michigan taxpayers are allowed to take a number of exemptions, depending on the number of people in the taxpayers household, their ages, and other factors, If the defendant is held for more than 24 hours without being brought before the court under subsection (2), the officer in charge of the, An ORV or off-road vehicle is a motor-driven, recreational vehicle capable of driving on a range of terrains not limited to roadways and, Michigan leads the nation in tart cherry production. Gates also owned up to the various failures in their initiatives, and admitted that they try their best to leverage the expertise and wisdom from the community leaders present in the areas they aid. The billionaire is one of the founders of the Giving Pledge, which asks the world's wealthiest people to give away most of their fortunes to charitable causes. Gates also owns land in Arizona (25,750 acres), Illinois (17,940),Mississippi (16,963),Washington (16,097), Florida (14,828), Idaho (9,233), Indiana (9,136), Ohio (8,915), California (4,509), Colorado (2,270), Michigan (2,167), Wisconsin (1,188), Wyoming (975), North Carolina (874), Iowa (552), and New Mexico (1). Bill Gates does not own the majority of U.S. farmland. Is this just a regular investment move, made on a large scale? Other factors are pandemic-related supply chain issues andholiday demand. Amazing, if truebut its extremely not. Please let us know if you're having issues with commenting. Who owns the most property in Detroit Michigan? While Gates is still the top farmland owner in the U.S., not all of the property he owns is farmland. Pregnancy tests include a hidden Plan B pill. The report states that Gates has 70,000 acres of land in North Louisiana where they grow soybeans, corn, cotton. During his 11th appearance in the "Ask Me Anything" . Not only was he no longer reliant on his own companys success for his own personal wealth, but he set himself up to make even bigger moves in the decades to come. However, when you read between the lines with an objective and open mind, one can infer much. Gates and his investment team own more than 240,000 acres, as reported by OKeefe, including 2,167 acres in Michigan. Oct 22, 2014. In a March 2021 "Ask Me Anything" session on Reddit, Gates was asked why he had purchased so much farmland. Purchasing your own farm outright means that you are not diversified across many farms; just 1. Washington, DC Bill Gates speaks during the Global Fund's Seventh Replenishment Conference, Wednesday, Sept. 21, 2022, in New York. Today, Bill Gates owns 242,000 acres of farmland in 19 states. 54. Suggests that since mostly Democrats vote early then that represents made-up ballots or dead people voting.. With her 6.6 billion acres, Elizabeth II is far and away the worlds largest landowner, with the closest runner-up (King Abdullah) holding control over a mere 547 million, or about 12% of the lands owned by Her Majesty, The Queen. The other major crops oats and forages are mostly fed to livestock on farms in the area. Reuters traced the figure cited by social media posts as the number of acres owned by Bill Gates to The Land Report, which reports on major land ownership in the United States. To better understand these questions, it's helpful to review Bill Gates' financial decision through the years, especially as it relates to Microsoft, Cascade Investments, and The Bill and Melinda Gates Foundation. Since 2020, Gates has held the title of the nations largest private farmland owner, per The Land Report. While Microsoft took a major hit in the tech crash of 2000, Bill Gates portfolio with Cascade would gain around 40% return in that same year. Don't miss real-time alerts on your stocks - join Benzinga Pro for free! The agriculture sector is important. The 2,100 acre potato farm adds to his massive portfolio of farm investments. Not all of these owners are American; in fact, the portion of farmland that is foreign-owned has grown about 60 percent in the last decade, from 22 million acres in 2009 to 35.2 million . Bill Gates owns massive parcels of farmland. Gates appears to be pro-chicken farming. He owns 242,000 acres, which is equivalent to the area of Fannin County GA. Investors from the Netherlands own 33% of that land with Canadians owning 25%. Neither of these are a perfect option. Alongside his investments, Gates has also purchased farmland in at least 19 states, according to The Land Report. The $13.5 million sale in November of roughly 2,100 acres in the northeast corner of the state was first sleuthed and reported by AgWeek's Mikkel Pates earlier this month. Cascade Investment began purchasing farmland in significant strides in 2013. Are you ready for alternative proteins made from a volcanic microbe?," March 24, 2020, NPR, "Why Bill Gates Is Investing In Chicken-Less Eggs," June 13, 2013, CNN, "Memphis Meats raised $161 million to grow meat from cells," Jan. 22, 2020, Insider, "Bill Gates and Richard Branson backed a food startup which grows meat in labs," Aug. 23, 2017, CNBC, "How Beyond Meat became a $550 million brand, winning over meat-eaters with a vegan burger that bleeds'," Jan. 21, 2019, Quartz, "Bill Gates headlines an all-star list of investors pumping $75 million into meatless burgers," Aug. 2, 2017, CNBC, "How Impossible Burgers simple vision won hundreds of millions in funding and backing from Bill Gates," March 7, 2019, The Washington Post, "Egg prices havent come down with inflation. In January 2021, Bill Gates became the largest owner of farmland in the United States. In this short period of time, there was a proliferation in funds that were specifically focused on farmland investing. That makes him the largest landowner in the U.S. Stats show agriculture is a pretty good investment for billionaires. Either that or I had a screw loose. The financial crisis later in that same decade prompted an explosion of investments into farmland when monetary safe havens became scarce. Supreme Court just voted to ban condoms., Says Ukrainian President Volodymyr Zelenskyy said he wants Americas sons and daughters to go die in Ukraine., In Ohio, there are 75,000 acres of farmland, fertile farmland, that are all now being poured down with acid rain., Muslims by the millions are converting to Christianity.. Gates, currently the sixth-richest person in the world, has a net worth of $111 billion, according to the Bloomberg Billionaires Index. "I've gotten a big earful on this from clear across the state, it's not even from that neighborhood," Doug Goehring, the state's agricultural commissioner, told a local NBC affiliate this week. Stay up to date with what you want to know. 801 3rd St. S In addition, he owns 25,750 acres of transitional land and 1,234 acres of recreational land for total land holdings of 268,984 acres. The old saying about land is they aren't making any more of it. Supply and demand? We invest in the farms to raise productivity. This is especially helpful if, say, the stock market crashed, and you had a more aggressive stock portfolio (or any large stake in stock at all). as well as other partner offers and accept our. Representatives for Gates did not immediately respond to messages from Insider requesting comment. Gates owns almost 9,000 acres in Ohio, just over 9,000 acres in Indiana, nearly 18,000 in Illinois, but only 552 acres in Iowa. According to 2021 article from the Land Report, a magazine about land ownership, Gates owns approximately 242,000 acres of farmland. As of 2020, industry reports show he owned about 0.027% of U.S. farmland. Drinking or using tap water treated with chlorine is dangerous because chlorine is a poison., Obama imposed stricter rules on trains carrying toxins. Every single Republican blocked Ketanji Brown Jacksons SCOTUS appointment.. The total portfolio of farmland is worth well over $700 million. The counties with the most total acres of foreign-owned ag land are Keweenaw, Baraga and Alger. Gates and his investment team own more than 240,000 acres, as reported by O'Keefe, including 2,167 acres in Michigan. . However, Microsoft wasn't Bill Gates' only successful venture. In a world of wild talk and fake news, help us stand up for the facts. Gates farmland now totals 242,000 acres. Since its IPO in 1985, Microsoft has seen continual success. Toxic chemicals known as PFAS, or per- and, 2 hours, 2 minutes. If youve been on the fence about getting into farmland, maybe now is the time to reconsider. State law prohibits corporations, LLCs, and trusts from farming or ranching activities. Satellites are on balloons and not in space.. KX News' Josh Meny sat down with Vogel who says the Attorney General's office is impeding her investigation into the purchase. Oversight," June 15, 2018, The Chicago Tribune, "Chicken nuggets and cream cheese grow in trays in a South Side lab. Bill Gates is buying up the majority of American farmland and BlackRock is buying the majority of single-family houses but I'm supposed to believe the biggest threat to us is Elon Musk buying Twitter? one Twitter user wrote (here). Bill Gates owns a minimum of 242,000 acres of U.S. farmland in Washington, Illinois, Iowa, Louisiana, California and multiple other states. "Why are you buying up so much farmland, do you think this is a problem with billionaire wealth and how much you can disproportionally acquire?" In fact, he reportedly owns more farmland than any other individual in America. Heres why. During the COVID-19 pandemic, vaccine-hesitant Americans were inundated with false rumors claiming that Gates was putting microchips into vaccines, that he was working on a mind-altering vaccine, that Gates had input tracking devices into vaccines, and that he once called for vaccinations as a way to depopulate the planet. But there is no evidence these investments are linked to a nationwide shortage in chicken and egg products. Breitbart News reporter Alana Mastrangelo wrote: Gates is now America's largest private farmland owner, with hundreds of thousands of acres spanning across 19 U.S. states, according to the Land Report. His idea, like many others, was to diversify his investments across different asset classes. Northern Kansas land sale averages $3,500 per acre. The Gates Foundation has focused their efforts on alleviating the aftermaths of climate change since its founding. While much of this land was transferred to the new state of Hawaii in 1959, the federal government did keep some. Why did he decide to buy in Amish Country? The figure is far below the total area of U.S. farmland. In a 2020 blog post, he wrote, "The rich should pay more than they currently do, and that includes Melinda and me.". NOW WATCH: Bill Gates has a net worth of over $96 billion here's how he makes and spends his money, his close friend and Berkshire Hathaway CEO, Warren Buffett, he'll sell what he owns as money goes towards the foundation. Donald Trump is back on Twitter, thanks to Elon Musk. Who owns the most farmland in the world? No one but Bill Gates knows that answer. Bill Gates investments in farmland can be seen as part of this trend. Bill Gates is well-known for building Microsoft, but it's a lesser-known fact that he's also the biggest private landowner in the US. Thus, in Gates mind, its extremely important to help empower these developing peoples before that year comes to fruition. Gates personal farmland portfolio is managed by Michael Larson and Cascade Investment. Heres why.," Jan. 10, 2023. But these land holdings account for only a tiny share of the countrys total farmland. How Old Do I Have To Be To Go To A Strip Club In Michigan? Thetech billionaire owns69,071 acres inLouisiana,47,927 acres inArkansas, and 20,588 acres inNebraska. Recently, Bill Gates has purchased 300,000 acres of farmland, you would think that buying all of the farmland would be bigger news than Elon Musk buying all of Twitter (here). Bill Gates gobbling up Florida farmland; investment arm recently paid $28M for 4,500-acre tract. Is Gladstone Land Corp (LAND) A Good Investment? To put it into perspective, if all of Gates land was in one place, it would cover about 25% of Rhode Island. The major cash crops are field beans, sugar beets, corn and wheat. "Those people are upset, but there are others that are just livid about this.". Bill Gates, and the Chinese, are not just buying up farm land for that purpose. February 27, 2023, 11:49 AM. Over the last decade, Bill Gates has invested in multiple companies, including Beyond Meat and Impossible Foods, that develop plant-based meat alternatives. Social media posts blame Gates investments in plant-based meat alternatives and his status as the nations largest private farmland owner for triggering the countrys current chicken and egg shortages. Roman Catholic Church: 70 million hectares The largest landowner in the world is not a major oil magnate or a real estate investor. The North Dakota attorney general's office recently inquired into a 2,100-acre farmland purchase by Red River Trust, an entity affiliated with Bill Gates. Owning farmland is one of the most prudent financial investments to make now. Prime soils and the moderating, Best Strip Clubs For 18 And Over in Detroit, Michigan. Talk about big bets. Bill Gates Today, Bill Gates owns 242,000 acres of farmland in 19 states. While Gates has spent billions investing in agricultural properties to make them more productive, a growing number of retail investors are getting a piece of the real estate market with as little as $100 through companies backed by high-profile investors like Jeff Bezos. By Rebecca . Their low fees and competitive returns set them apart from many of the other platforms out there. Gates' interest in farmland is still strong. Bill Gates does not own the majority of U.S. farmland. Bill is now the biggest owner of farmland in 2022 a great hedge asset against rising inflation. Bill Gates Is the Biggest Private Owner of Farmland in the United States. Billionaire Bill Gates reportedly shopped for 'hundreds of acres of farmland' in Turkey while vacationing aboard a superyacht that emits an estimated 19 tons of CO2 a day before heading to the . These rumors, like the present rumor about Gates buying up the majority of farmland in the United States for nefarious purposes, are all false. It was near-perfect timing too, as 2000 would quickly see the infamous tech crash of dot com stocks. I have invested in these farms to make them more productive and create more jobs. Why Bill Gates Is Investing Big Time In Farmland Across Washington And The Country - Northwest Public Broadcasting About Contact Us Coverage Area Our Staff Work With Us Report an Outage Station News Latest Station News Connect Archives Our Stories Download NWPB App TV Schedules Channel Guide Online Schedules Download Schedules Local Programs Amazon founder Jeff Bezos . It's not part of his plans to save the planet. as well as other partner offers and accept our. To put that into perspective, if you put all of the land that Gates owns into one place (his holdings are spread throughout the country), you'd cover an area about a quarter the size of Rhode Island. Bill Gates and conspiracy theories go together like peanut butter and jelly. The Agriculture Department has said the avian flu outbreak in the U.S. is the main contributor to low inventory and high prices. Other noteworthy farmland investors include Ted Turner and Thomas Peterffy. The billionaire philanthropist Bill Gates, America's largest farmland owner, apparently bought a potato farm in North Dakota, and local residents aren't too happy about it. Momentum accelerated during the 2008-2009 Great Financial Crisis, when investors grew desperate for alternatives to traditional safe haven investments like bonds and gold.
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