(here). Instead, he mostly acts like a landlord and allows professional farmers to keep doing their thingeven if those practices are ruinous to the environment. Satellites are on balloons and not in space.. 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.. In his annual Reddit Ask Me Anything session on Wednesday, Gates was asked why he has made all of his farmland purchases. Over the last decade, Bill Gates has invested in multiple companies, including Beyond Meat and Impossible Foods, that develop plant-based meat alternatives. Why doesnt everyone just invest in farmland then? I had heard this in the past, but didn't give it much thought. Michigan Muslim Group Warns State That LGBTQ Bill Might Be Unconstitutional CAIR has objected to the Michigan Senate's passage of an expanded version of a state human-rights law protecting LGBTQ . Momentum accelerated during the 2008-2009 Great Financial Crisis, when investors grew desperate for alternatives to traditional safe haven investments like bonds and gold. The Gates Foundation has focused their efforts on alleviating the aftermaths of climate change since its founding. Another main feature of the Big Bet is the implementation of the culmination of the Gates Foundations research: specialized GMO seeds for different crops that have been gene edited to be pest-proof, flood proof, disease proof, and climate change-resistant. Another meme circulating online reads: Bill Gates is buying all the farmland. As reported by Bloomberg . China has steadily accumulated U.S. Treasury securities over the last few decades. Their low fees and competitive returns set them apart from many of the other platforms out there. 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. Bill Gates is Americas biggest farmer, his 269000 acres farmland grows potatoes and carrots. . The financial crisis later in that same decade prompted an explosion of investments into farmland when monetary safe havens became scarce. It reported that as of 2022, Gates owned about 248,000 acres of farmland. While many have also speculated that Gates' land purchases were in some way related to his efforts to curb climate change, Gates has said that the two are unrelated. The state is investigating the purchase of potato farmland by the Gates-linked trust, with the states Attorney General writing in a letter that it wasprohibited from owning or leasing farmland or ranchland in the state of North Dakota.. Gates started purchasing farmland circa 2013 through his investment group, Cascade Investments. While there are currently no nationwide food shortages in the United States, nor widespread disruptions in the supply chain, the potential of such shortages caused many people to feel that their food security was suddenly uncertain. 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. During his 11th appearance in the "Ask Me Anything" . Gates and his investment team own more than 240,000 acres, as reported by O'Keefe, including 2,167 acres in Michigan. Drinking or using tap water treated with chlorine is dangerous because chlorine is a poison., Obama imposed stricter rules on trains carrying toxins. The report states that Gates has 70,000 acres of land in North Louisiana where they grow soybeans, corn . In the wake of this uncertainty, unfounded rumors began to spread that attempted to lay the blame for any coming food shortages on nefarious forces. #1. In a world of wild talk and fake news, help us stand up for the facts. There isn't some grand scheme involved - in fact all these decisions are made by a professional investment team.". Social media users are falsely claiming that Gates owns the majority of U.S. farmland. However, there are also countless farmland investing platforms gaining traction now too. Gates said during a Reddit AMA: My investment group chose to do this. One such rumor claimed that there had been an unusual number of fires at food processing facilities in 2022. Gates' 242,000 acres amounts to about 0.03% of the total. 2 min read Microsoft founder and billionaire turned philanthropist Bill Gates recently laid to rest the long-time conspiracy theory that he owns some 80% of all. Bill Gates Is the Biggest Private Owner of Farmland in the United States. Gates owns less than 1% of the nations farmland. About 350,000 acres of the U.S. government land in Hawaii were kept for military installations and national parks. Gear-obsessed editors choose every product we review. Amazon founder Jeff Bezos . 20006, Florida How Long Can You Be Held Without Bond In Michigan? The. February 27, 2023, 11:49 AM. Bill Gates gobbling up Florida farmland; investment arm recently paid $28M for 4,500-acre tract. This isn't the first time Gates has called for higher taxes on the wealthy. By clicking Sign up, you agree to receive marketing emails from Insider Access your favorite topics in a personalized feed while you're on the go. Why Is Bill Gates Buying So Much Farmland? Bill Gates currently owns over 268,000 acres of American farmland spread out over 19 states. At the turn of this century, Chinese owners owned about 192,000 acres of farmland in the U.S., according to the USDA. One of the most prevalent claims related to Gates and the potential for food shortages is that the billionaire owns a suspicious amount of farmland in the United States. Amazon founder and chairman Jeff Bezos has amassed 420,000 acres in recent years. From the beginning, Cascade Investments focused on blue chip defensive stocks, including Four Seasons, Berkshire Hathaway, Coca Cola, and more. Heres why. In a March 2021 "Ask Me Anything" session on Reddit, Gates was asked why he had purchased so much farmland. Today, Bill Gates owns 242,000 acres of farmland in 19 states. Gates' interest in farmland is still strong. He recently tried to explain why, and it was a little hard to follow. 1 landowner in the U.S. is billionaire John Malone, the chairman of Liberty Media, who tops . Perhaps history is repeating itself? These states include: Arizona - 25,750 acres; Arkansas - 47,927 acres . It is unclear how cheap biofuels can be but if they are cheap it can solve the aviation and truck emissions.". In January 2021, Bill Gates became the largest owner of farmland in the United States. Wonderful Company cofounders Stewart and Lynda Resnick (net worth: $7.1 billion) ranked number three . In fact, Gates is the owner of over 270,000 acres of farmland, which is worth over $700 million! 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. Merged from the William H. Gates Foundation and the Gates Learning Foundation, The Bill and Melinda Gates Foundation quickly became the largest private foundation in history. Does Michigan Allow Personal Tax Exemptions? To put it into perspective, if all of Gates land was in one place, it would cover about 25% of Rhode Island. Who owns the most farm ground in the US? The explanation offered by conspiracy theorists for this untrue claim was that these fires were being intentionally set in order to create a food crisis. Accessed 28 Apr. As per the report, the Gates have their own land in at least 18 American states. In the past, Gates has invested in companies developing artificial or plant-based alternatives to meat, and he is currently the countrys largest private farmland owner, according to The Land Report, a magazine that surveys the countrys largest landowners annually. Top editors give you the stories you want delivered right to your inbox each weekday. But the fact remains, as the Daily Mail notes, Gates computer "nerd" and . The main factor driving the nationwide price hikes and supply shortages, according to the U.S. Department of Agriculture, is a U.S. avian influenza, or bird flu, outbreak. It isless than .1% of all US farmland because the ownership is so diverse. A 2018 purchase of 14,500 acres of prime eastern Washington farmland - which is. Oftentimes, those fingers get pointed at Gates. In the Reddit AMA, he also said he'll sell what he owns as money goes towards the foundation. - Farmland Riches where is bill gates' farmland in michigan. 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. In 2016, he wrote on his blog about the benefits of raising chickens, particularly for people living in poverty. The Guardian, https://www.theguardian.com/commentisfree/2021/apr/05/bill-gates-climate-crisis-farmland. By divesting his personal wealth from his own thriving tech company, and diversifying into myriads of other non-tech based businesses, he was not only exceptionally protected against the tech crash of 2000, but made out like a bandit. Bill Gates just bought almost 3,000 more acres of farmland in North Dakota, a purchase that was eventually cleared by the North Dakota Attorney General even though it raised numerous questions about his intentions and why he has been buying up over a hundred thousand acres of American farmland. The major cash crops are field beans, sugar beets, corn and wheat. Your membership is the foundation of our sustainability and resilience. Breitbart News previously reported that Gates is Americas largest private owner of farmland. 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 . However, Microsoft wasn't Bill Gates' only successful venture. Oct 22, 2014. Farmland originally appeared on Benzinga.com. 2022. On social media, we found people claiming, for example, that Gates owns the "majority" of U.S. farmland -- 80%, they claimed -- and that Gates is trying to buy up "all" of the farmland. While private companies and corporations are increasing their ownership of U.S. homes, BlackRock, through its investments, does not own a majority of single-family homes. Water bills are soaring in some areas as infrastructure deteriorates, a recent University of Michigan study found. 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. An entity linked to billionaire Bill Gates has reportedly purchased 2,100 acres of potato farmland in northern North Dakota angering local residents. A Grimmway Farms employee moves a water pipe at one of their carrot farms in the Antelope Valley. Since 2020, Gates has held the title of the nations largest private farmland owner, per The Land Report. 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. What Returns Should You Expect From Farmland Investing? (here) (here). The Bill & Melinda Gates Foundation is focused partly on agricultural development to support farmers in sub-Saharan Africa and South Asia. Contacted by Reuters, a BlackRock spokesperson said: BlackRock is not buying single-family homes and is not competing with individuals to purchase houses in America.. Today, Bill Gates owns 242,000 acres of farmland in 19 states. These allow investors to get stared with as little as $10,000. According to a January 2021 article by The Land Report, Gates owned 242,000 acres of farmland through two investment management firms - Cottonwood Ag Management and Cascade Investment (here). At about $6,000 per acre, the potato farm cost roughly half of what Gates reportedly spent on highly coveted soil closer to his home in Washington. Is Gladstone Land Corp (LAND) A Good Investment? However, the Gates Foundation has been largely transparent at every level of their operations from their objectives, means, successes, and failures. It is not connected to climate. In fact, Gates is the owner of over. Thus, in Gates mind, its extremely important to help empower these developing peoples before that year comes to fruition. 309. Stay up to date with what you want to know. Recently, NBC News reported that Bill Gates along with his estranged wife Melinda Gates had acquired more than 269,000 acres of farm in the United States in the past 10 years. So, what's the interest in farmland? Read more about our work to fact-check social media posts here . Check out current deals on AcreTrader now! Because of this crucial factor inherent to farmland, it also tends to provide better, consistent returns during times where inflation rises another scenario where more traditional assets like stocks and real estate suffer in. 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. Egg prices havent come down with inflation. 242,000 Acres: Bill Gates Now The Largest Owner Of Farmland In America. The old saying about land is they aren't making any more of it. Supply and demand? 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. Also, because youre investing in the land itself, your investment not only is quite resistant to depreciation, but also provides some solid tax benefits due to be land ownership. 1995 - 2023 by Snopes Media Group Inc. Gates believes that subsistence farmers and impoverished peoples will be among the most affected by climate change. Farmland has some natural built-in drawbacks for all of the built-in benefits: Just 20 years ago, it was difficult to invest in farmland if you werent already independently wealthy. That makes him the largest landowner in the U.S. Stats show agriculture is a pretty good investment for billionaires. In 2018, Michigan produced 297 million bushels of corn grain, worth $1 billion. The transitional land he owns in Arizona is reportedly being built into a suburb .. In that same Reddit AMA from 2021, the one where Gates separated his land investments from his sustainability initiatives, he also mentioned the importance of productive seeds to avoid deforestation as well as the production of biofuels, which relies heavily on corn, in the very same answer. Farmland as an investment offers low volatility. Based on Bill Gates budding friendship with Warren Buffett, Cascade adopted much of Buffets approach to investing: invest in good companies, and hold long term to see healthy returns. Since his divorce, it is unclear how the assets were split up between the couple. St. Petersburg, FL The current chicken and egg shortages trace mainly to an avian flu outbreak in the U.S. that began in early 2022 and was exacerbated by holiday demand and supply chain problems, the Agriculture Department reported. FILE - Bill Gates attends a discussion during the 'Munich Security Conference' in Munich, Germany, Friday, Feb. 18, 2022. More than 58 million birds in hundreds of commercial and backyard flocks have been affected since the bird flu outbreak began in February 2022, the Agriculture Department estimated. Over time, Gates sold personal stock in Microsoft and. 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. Some of the biggest critics of Gates have deemed his philanthropy as a budding technocracy a tyranny of experts that both centralizes power into a private corporations interests. Bill is now the biggest owner of farmland in 2022 a great hedge asset against rising inflation. According to a 2022 report from the U.S. Department of Agriculture and the National Agriculture Statistics Service, there are 895,300,000 acres of farmland in the U.S. Gates owns roughly 242,000 acres, about 0.03% of the total. His . Other factors are pandemic-related supply chain issues andholiday demand. He has invested in multiple companies developing artificial or plant-based alternatives to meat, but he supports chicken farming and agricultural development. How can this inform our personal investment decisions? What does Weyerhaeuser have to do with Michigan? 28. Why Bill Gates Keeps Buying Up So Much Farmland, 60 Scientists Are Trying to Block the Sun, Your Privacy Choices: Opt Out of Sale/Targeted Ads. Billionaire Bill Gates explains why he buys a lot agricultural land - Photo: BENZINGA. Bill Gates and his estranged wife Melinda Gates have accumulated more than 269,000 acres of farmland across 18 American states. Bill Gates: Americas Top Farmland Owner | The Land Report. Bill Gates owns about 400 acres of farmland outside of Malmo, Nebraska, that he rents to a local farmer. (AP). 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. Neither of these are a perfect option. Or, have more control over the resources we all use and need. Either that or I had a screw loose. Although Gates owns these farms, he isnt changing their practices. You either had to directly buy the land, pony up millions to participate in a fund or purchase farmland via a REIT. Many people wonder why Bill Gates would make these moves with his investment portfolio. According to OKeefe, Gates isnt the only one making moves on the farmland market, especially as farm real estate values nationwide increased 7% from 2020 to $3,390 per acre. Gates does own a lot of farmland. Will Bill Gatess green tech initiatives ever intersect with his growing agricultural empire? As of October 2021, the Asian nation owns $1.065 trillion, or about 3.68%, of the $28.9 trillion U.S. national debt, which is more than any other foreign country except Japan. 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. Representatives for Gates did not immediately respond to messages from Insider requesting comment. With all of this recent farmland accumulation, one might think Gates is using this land to research these gene edited super seeds. What special interest does Bill Gates have in farmland? It's not part of his plans to save the planet. The figure cited by The Land Report was subsequently reported by major news outlets including Business Insider and Forbes (here), (here). The Justice Department has been calling parents that are concerned about what their kids are being taught, they are labeling them terrorists., Sen. Marco Rubio signed a 2021 letter that supports waivers that would reduce visual track inspections.. Bill and Melinda Gates also cracked the Land Report's Top 100 Landowners for the first time coming in at number 49. In their Big Bet, they recognize that the impoverished people stand to be impacted the most by these changes. Hes the largest landowner in the United States. Bill Gates does not own the majority of U.S. farmland. An ingredient in some of Chick-fil-As dipping sauces can cause serious health problems. In reality, the number of fires was not extraordinary, the causes of the fires were not unusual, and the damage caused by the fires was minimal. While this is certainly a lot of acreage, it represents less than 1% of all the farmland in the United States. Who is the largest farmer in the United States? Corn production is concentrated in the Lower Peninsula with Saginaw and Lenawee counties as Michigans largest producers. One main benefit to alt assets especially for those whore heavily invested in the stock market is you can diversify your overall investment portfolio outside the NYSE/NASDAQ. The report states that Gates has 70,000 acres of land in North Louisiana where they grow soybeans, corn, cotton. How Many Hours Is It From Detroit To Michigan? Across the nation, Gates' affiliates . 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. As of 2020, industry reports show he owned about 0.027% of U.S. farmland. 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. By Jenna Hoffman July 5, 2022. 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 . Donald Trump is back on Twitter, thanks to Elon Musk. The report states that Gates has 70,000 acres of land in North Louisiana where they grow soybeans, corn, cotton. Bill Gates owns massive parcels of farmland. Farmland, Biden Hears Oval Office Plea for Alaska Oil Project in Lobbying Frenzy, Apple tops ranking of global companies with the most 'green' revenue, UPDATE 2-North Korea says UN should demand end to S.Korea-US military drills, US Treasury puts cost of outbound investment risk program at $10 million, US Jobs Report and Powell Testimony Take Center Stage: Eco Week. Darren lives in Portland, has a cat, and writes/edits about sci-fi and how our world works. Over time, Gates sold personal stock in Microsoft and reinvested it through Cascade Investment. He has been buying thousands of acres across America. Investors from the Netherlands own 33% of that land with Canadians owning 25%. That purchase of Plum Creek makes Weyerhaeuser the largest private landowner in Michigan, as of now. Sign up for our newsletter for the latest tech news and scoops delivered daily to your inbox. The Consumer Price Index shows chicken prices, including fresh whole chicken and fresh or frozen chicken parts, have increased 11% over the last year. the Gates Foundation answers the top ten questions they received, and they admitted that they didnt think it was fair that their family had so much global influence. Bill Gates does not own the majority of U.S. farmland. In his Reddit AMA last year, one user said, "What do you plan to do with all the farmland you have purchased? The counties with the most total acres of foreign-owned ag land are Keweenaw, Baraga and Alger. In 1994, Bill Gates opened up his family office, Cascade Investment LLC, with trusted wealth manager Michael Larson. But there is no evidence these investments are linked to a nationwide shortage in chicken and egg products. BlackRock is a shareholder in both companies (here) (here). Oversight," June 15, 2018, The Chicago Tribune, "Chicken nuggets and cream cheese grow in trays in a South Side lab. researchers warned about the potential risk of a global food shortage, currently no nationwide food shortages in the United States, the number of fires was not extraordinary, the causes of the fires were not unusual, and the damage caused by the fires was minimal, 2021 report from the United States Department of Agriculture and the National Agriculture Statistics Service, you'd cover an area about a quarter the size of Rhode Island, Gates was putting microchips into vaccines, Gates had input tracking devices into vaccines, vaccinations as a way to depopulate the planet. Farmland in am. He said he did so to make the farms "more productive" and "create more jobs," adding that it was his investment team that made the decision. The 2,100 acre potato farm adds to his massive portfolio of farm investments. Which Billionaire Owns The Most Land In The U.S.? Gates and his wife own 269,000 acres of farmland. Business entities have, however, been increasing their presence as owners of rental properties. According to Redfin, single-family housing represented over 70% of the properties purchased by investors in the third quarter of 2021 (here). By divesting his personal wealth from his own thriving tech company, and diversifying into myriads of other non-tech based businesses, Merged from the William H. Gates Foundation and the Gates Learning Foundation, The Bill and Melinda Gates Foundation quickly became. There were 895.3. Read also:Which Billionaire Owns The Most Land In The U.S.? If Not for Climate, Then Why Is Bill Gates Buying so Much Farmland? AFN, 27 Aug. 2021, https://agfundernews.com/gates-if-not-for-climate-then-why-is-bill-buying-up-so-much-farmland. The report states that Gates has 70,000 acres of land in North Louisiana where they grow soybeans, corn, cotton. 420,000 acresBill and Melinda Gates prior to their divorce accumulated roughly 270,000 acres of farmland in less than a decade. Gates has a big vision for all that land, but unfortunately it doesn't involve organic, biodynamic or regenerative farming methods, which are needed to heal ecosystems and produce truly sustainable, nourishing food for future generations Although nowhere near 80 percent of U.S. farmland, its still a little more than one-third of the state of Rhode Island, a surprising amount for one person and enough to make Gates the largest landowner in the U.S. This is a sponsored promotion for the AcreTrader platform. A 2021 report published by the U.S. Department of Agriculture (USDA) said there were 895,300,000 acres of farmland in the United States. This article will go into detail about how much land Bill Gates owns and why he owns so much. Microsoft founder and billionaire turned philanthropist Bill Gates recently laid the long-time conspiracy theory that he owns some 80% of all U.S. farmland to rest in his 11th appearance in an Ask Me Anything (AMA) session on Reddit. This is because of more intense seasons of drought and rain. By 2019, the USDA says foreign ownership of U.S. acres exceeded 35.2 million acres, a 60 percent increase from the decade prior. Why? The Guardian, 5 Apr. The Gates Foundation has seen steady success and growth since their launch, funding science, research, agriculture and education. Northern Kansas land sale averages $3,500 per acre. What Land Does Bill Gates Own In Michigan? 11 Jan. 2021, https://landreport.com/2021/01/bill-gates-americas-top-farmland-owner/. Gates personal farmland portfolio is managed by Michael Larson and Cascade Investment. "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. He owns significantly more farmland than Minnesota's Offutt family and California's Resnick family, which each own 190,000 acres and rank second equal on the list. Bill Gates owns a ton of farmland in the United Statesas in, about 270,000 acres. According to 2021 article from the Land Report, a magazine about land ownership, Gates owns approximately 242,000 acres of farmland. Mr. Gates owns about 97,934 hectares, accounting for about 0.03% of . Recently, an article in Land Report stated that Bill Gates owns more American farmland than anyone else. The Gates Foundation isnt the entity utilizing the land, but rather just Bills family office. he has consistently made investing choices that brought him unusual and incredible returns, and this has brought him great wealth when others made the wrong fiscal moves, and lost much. That's a ginormous deal, one that pencils out to almost $12,000 per acre for a whole lot of acres. He created the pledge in 2010 with his then-wife, Melinda French Gates, and his close friend and Berkshire Hathaway CEO, Warren Buffett.
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