Where did Gates buy farmland? | Dependable 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. Bill Gates owns massive parcels of farmland. It's not part of his plans His . Bill Gates' farmland purchase raises red flags But there is no evidence these investments are linked to a nationwide shortage in chicken and egg products. He responded that it was a decision his investment group made. Bill Gates is the biggest private owner of farmland in the United Follow him on Twitter@LucasNolanor contact via secure email at the addresslucasnolan@protonmail.com, EconomyPoliticsTechBill GatesFarmersfarmlandNorth Dakota. 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. The Bureau of Labor Statistics latest update shows egg prices rose 60% over the last year. Hearst Magazine Media, Inc. All Rights Reserved. 54. 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. Bill Gates-Linked Trust Probed For Buying Up Farmland In North Dakota 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). Read next:Bezos-Backed Startup Lets You Become A Landlord With $100. At the turn of this century, Chinese owners owned about 192,000 acres of farmland in the U.S., according to the USDA. While private companies and corporations are increasing . The agriculture sector is important. Bill Gates Defends Farmland Purchases: 'There Isn't Some Grand Scheme' Benzinga does not provide investment advice. Toxic chemicals known as PFAS, or per- and, 2 hours, 2 minutes. Why Farmers Are Worried About Bill Gates (And Other Non-Farming Land Bill Gates' 242,000 Acres of Farmland Could Be Split in Divorce So while Dan Gilbert owns the most property downtown, his 30-odd buildings seem small compared to what Kelly, Tatarian, Moroun, and others own. Wonderful Company cofounders Stewart and Lynda Resnick (net worth: $7.1 billion) ranked number three . In the Reddit AMA, he also said he'll sell what he owns as money goes towards the foundation. Conspiracy theorists claimed last year that the Microsoft founder was buying up farmland in the U.S. in order to starve Americans for an unknown reason, Snopes said, after researchers said in. According to Mother Jones, the average price of farmland increased six times from 1940 to 2015, and the trend is likely to continue as the amount of arable land in the U.S. continues to shrink from climate-related pressures. as well as other partner offers and accept our. One such rumor claimed that there had been an unusual number of fires at food processing facilities in 2022. Over time, Gates sold personal stock in Microsoft and reinvested it through Cascade Investment. to not use their land, is working towards their real agenda. See here for a complete list of exchanges and delays. While he owns a significant amount, it is a relatively small slice of the nation's nearly 900 million total farm acres. 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. Louisiana is the top state. 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. As of 2020, industry reports show he owned about 0.027% of U.S. farmland. where is bill gates' farmland in michigan - ccecortland.org 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. Think about how much Bill Gates would have lost if he hadn't diversified in 1999. The report states that Gates has 70,000 acres of land in North Louisiana where they grow soybeans, corn, cotton. In the same way you can invest into ETFs (Exchange Traded Funds) in the stock market, there exist similar products for farmland called farmland REITs. Distance from Michigan to Detroit The shortest route between Michigan and Detroit is, Michigan law is absolutely clear that an adult over the age of 21 shall not sell or furnish alcohol to a minor. 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. What does Weyerhaeuser have to do with Michigan? Bill Gates owns massive parcels of farmland. Breitbart News previously reported that Gates is Americas largest private owner of farmland. Gates has been asked about his farmland purchases before. These claims are not true. It is reported that Bill Gates owns over 269,000 acres of farmland in over a dozen states, making him the largest farmland owner in America. The tech billionaire owns 69,071 acres in Louisiana, 47,927 acres in Arkansas, and 20,588 acres in Nebraska. 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. There isn't some grand scheme involved - in fact all these decisions are made by a professional investment team.". In his Reddit AMA last year, one user said, "What do you plan to do with all the farmland you have purchased? 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. Michigan - 2,167 acres; Mississippi - 16,963 acres; Nebraska - 20,588 acres; New Mexico - 1 acre; North Carolina - 874 . Gates private office, Gates Ventures, told PolitiFact this claim is false. According to 2021 article from the Land Report, a magazine about land ownership, Gates owns approximately 242,000 acres of farmland. Their low fees and competitive returns set them apart from many of the other platforms out there. "It is not connected to climate. The Michigan State University shooter is a 21-year-old man named Lynn Dee Walker. 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. The No. Prime soils and the moderating, Best Strip Clubs For 18 And Over in Detroit, Michigan. In fact, he reportedly owns more farmland than any other individual in America. What Land Does Bill Gates Own In Michigan? - PartyShopMaine 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. American Homes 4 Rent holds around 57,024 single-family properties (here). Bill Gates Becomes the Largest Farmland Owner in the United - People Hint, It's Not Bill Gates. 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. 2,167 acres. Bill Gates' North Dakota Farmland Purchase Approved by the - AgWeb Prior to this in 1999, Bill sold off tons of Microsoft stock to diversify. Sign up for notifications from Insider! 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. Why Bill Gates Is Investing Big Time In Farmland Across Washington And 1800 I Street NW The report states that Gates has 70,000 acres of land in North Louisiana where they grow soybeans, corn . With all of this recent farmland accumulation, one might think Gates is using this land to research these gene edited super seeds. He has been buying thousands of acres across America. In addition to farmland, the Gates' portfolio includes numerous public investments, the Gates Foundation, a major stake in the Four Seasons Hotel, and much more. It's hard to visualize just how much land 242,000 acres amounts to unless . Bill Gates Doesn't Own That Much Farmland | Aaron Smith By Jenna Hoffman July 5, 2022. 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. In a March 2021 "Ask Me Anything" session on Reddit, Gates was asked why he had purchased so much farmland. In the past 20 years, the foundation has grown to hold over $48 billion. Bill left most of his professional work at Microsoft at this time to work with Melinda and the foundation. 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. 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 . 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. Climate Connection. 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. Hes the largest landowner in the United States. The tweet had gathered over 215,000 likes at the time of writing. He has invested in multiple companies developing artificial or plant-based alternatives to meat, but he supports chicken farming and agricultural development. Why Is Bill Gates Buying So Much Farmland? - Farmland Riches Data gathered by The Land Report and NBC News show that their land holdings range from 70,000 acres in north Louisiana, where their farmland grows soybeans, corn, cotton and rice, to 20,000 acres . Don't miss real-time alerts on your stocks - join Benzinga Pro for free! 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. No, its the Roman Catholic Church. Gates does own a lot of farmland. Gates does not own anywhere close to the majority of America's farmland. The counties with the most total acres of foreign-owned ag land are Keweenaw, Baraga and Alger. The mainland Chinese company Sino-Michigan Properties LLC has paid $1.9 million for 200 acres of undeveloped land in Milan, Michigan. Recently, an article in Land Report stated that Bill Gates owns more American farmland than anyone else. This article was produced by the Reuters Fact Check team. Is this just a regular investment move, made on a large scale? 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. February 27, 2023, 11:49 AM. The land was purchased from the owners of Campbell Farms, a potato farming group headquartered in Grafton, North Dakota, approximately 50 miles from the Canadian border. However, Microsoft wasn't Bill Gates' only successful venture. Pates wrote that while "nobody involved in the deal seems eager to talk about it," public records connected Gates and the buyer, Red River Trust. 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. In a statement to Reuters, editor of The Land Report and author of the article published by the outlet on farmland owned by Gates, Eric O Keefe, called the claim absurd.. Of those states, Gates owns the most land in Louisiana, where he is proprietor of more than 69,000 acres. Talk about big bets. Sign up for notifications from Insider! Gates' interest in farmland is still strong. Does this investment say anything about the state of the. Bill Gates uses farmland as an investment outlet buying up - NBC News 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. Download free guide with advice for beginners. These subsistence farmers can order equipment and seeds they need, paying what they can over a longer period of time. 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%. This article will go into detail about how much land Bill Gates owns and why he owns so much. Gates is not the only billionaire on The Land Report 's list of top private farmland owners. These posts were flagged as part of Instagrams efforts to combat false news and misinformation. He created the pledge in 2010 with his then-wife, Melinda French Gates, and his close friend and Berkshire Hathaway CEO, Warren Buffett. Owning farmland is one of the most prudent financial investments to make now. As more investors look to buy land, those who got in earlier are poised to benefit from the appreciation of the land value. Farmland Riches, LLC and the owners may have investments in companies represented on the AcreTrader platform. Purchasing your own farm outright means that you are not diversified across many farms; just 1. Since its IPO in 1985, Microsoft has seen continual success. He has also been aproponent of chicken farming. Gates and his wife, Melinda, own 242,000-acres across the U.S., according to The Land Report.. Gates' farmland includes 69,071-acres in Louisiana, 47,927-acres in Arkansas, 25,750-acres in Arizona, and 20,588 in Nebraska, and property in 14 other states, the magazine reported. 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. Gear-obsessed editors choose every product we review. Theres a lot of little benefits that stack up when talking about farmland, but the biggest is likely the fact that farmland returns historically out performs most other investment vehicles, and is also comparatively the least volatile asset among the bunch. 2022. a Reddit user asked. America's Biggest Owner Of Farmland Is Now Bill Gates - Forbes It was near-perfect timing too, as 2000 would quickly see the infamous tech crash of dot com stocks. 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. Any why now after years of massive success? Bill Gates Farmland: Why Is the Billionaire Buying So Much? However, the Gates Foundation has been largely transparent at every level of their operations from their objectives, means, successes, and failures. Other factors are pandemic-related supply chain issues andholiday demand. North Dakota Agriculture Commissioner Doug Goehring spoke with KFYR, stating that the public reaction to the purchase has been negative. Here's why the ultra-wealthy like Bill Gates and Thomas Peterffy are Please let us know if you're having issues with commenting. 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. Gates does not own the majority of U.S. farmland. In fact, Gates is the owner of over 270,000 acres of farmland, which is worth over $700 million! Document shows Rebekah Jones demonstrated a violation of Floridas Whistleblower Act. The total portfolio of farmland is worth well over $700 million. He was right when he predicted the COVID-19 epidemic in 2015. Bill Gates Is Buying Up American Farmland. But Why? Bill is now the biggest owner of farmland in 2022 a great hedge asset against rising inflation. Zu den grten Gates-Unternehmen zhlen etwa Betriebe mit 27.952 Hektar in Louisiana, 19.395 Hektar in Arkansas, 10.420 Hektar in Arizona, 8.331 Hektar in Nebraska und 6.514 Hektar im Bundesstaat. However, there are also countless farmland investing platforms gaining traction now too. Bill Gates gobbling up Florida farmland | News | sharonherald.com Bill Gates is best-known for cofounding Microsoft, but he's also a major US landowner, having bought 275,000 acres of farmland. Will Bill Gatess green tech initiatives ever intersect with his growing agricultural empire? Northern Kansas land sale averages $3,500 per acre. Of those states, Gates owns the most land in Louisiana, where he is proprietor of more than 69,000 acres. By clicking Sign up, you agree to receive marketing emails from Insider Essentially, by year 2030, the estimated results of what carbon emissions (and their effect on the environment) will look like in 2050 will be decided in full. There isn't some grand scheme involved - in fact, all these decisions are made by a professional investment team.. With over 242,000 acres of farmland, Bill Gates is America's biggest farmland owner, and his ownership may be connected to climate change and plant-based meat substitutes. 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. Access your favorite topics in a personalized feed while you're on the go. Today, Bill Gates owns 242,000 acres of farmland in 19 states. Bill Gates-Tied $13M Farmland Purchase Angers North Dakotans . 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. Real estate investors overall have also been increasingly targeting single-family homes. AREA 8 CASH CROPS AND DAIRY Area 8 is the leading cash crop area in Michigan. Thus, in Gates mind, its extremely important to help empower these developing peoples before that year comes to fruition. Well, as with everything in life, there is always a trade-off especially in finance. 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 cost of chicken has also gone up, although not as drastically. The mogul's holdings include large tracts in Illinois, Iowa, Louisiana, California, and about a dozen other states. Our office needs to confirm how your company uses this land and whether this use meets any of the statutory exceptions, such as the business purpose exception, so that we may close this case and file it in our inactive files, the letter added. The old saying about land is they aren't making any more of it. Supply and demand? Why am I just learning about this NOW?. 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. Partnering with Monsanto to create these super seeds is also part of the plan. Bill Gates Is America's Largest Private Owner of Farmland - Breitbart Why? 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. "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. Similar to private equity firms destabilizing the housing market, millionaires and billionaires investing in farmland are also creating their own set of issues, as they are now pricing out young farmers looking to buy land. The figure is far below the total area of U.S. farmland. Other noteworthy farmland investors include Ted Turner and Thomas Peterffy. But the fact remains, as the Daily Mail notes, Gates computer "nerd" and vaccination enthusiast "has been revealed as the biggest private owner of farmland in the US, after buying up 242,000 acres in 18 states.". It has been very fulfilling for me and is my full time job," Gates continued. Our state produces about 75 percent of the nations tart cherry crop. 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. Egg prices havent come down with inflation. Gates' interest in farmland is still strong. Where Does Bill Gates Own Farmland in the US. Whose land is it anyway? Farmers, billionaires - Michigan Farm News About 350,000 acres of the U.S. government land in Hawaii were kept for military installations and national parks. Bill Gates and conspiracy theories go together like peanut butter and jelly. In fact, Gates is the owner of over. Social media post scrambles the facts on high egg prices," Jan. 13, 2023, Various searches on Google and Nexis, accessed Jan. 24, 2023, The Land Report, "Farmer Bill," Jan. 11, 2021, The Land Report, "Bill Gates is About to Change the Way America Farms," Winter 2020 magazine issue, The Land Report 100, Winter 2021 magazine issue, The Land Report 100, Winter 2022 magazine issue, Email exchange, Eric OKeefe, editor, The Land Report, Jan. 23, 2023, Email exchange, Gates Ventures, Jan. 24, 2023, GatesNotes, "Future of food," March 18, 2013, GatesNotes, "What the plow and lab-grown meat tell us about innovation," Feb. 27, 2019, GatesNotes, "Is there enough meat for everyone?," April 21, 2015, GatesNotes, "Why I would raise chickens," June 7, 2016, U.S. Bureau of Labor Statistics, "Consumer Price Index," Jan. 12, 2023, U.S. Department of Agriculture, "Avian influenza outbreaks reduced egg production, driving prices to record highs in 2022," Jan. 11, 2023, U.S. Department of Agriculture, "2022-2023 Confirmations of Highly Pathogenic Avian Influenza in Commercial and Backyard Flocks," Jan. 18, 2023, U.S. Department of Agriculture, "Avian Influenza," Jan. 18, 2023, U.S. Department of Agriculture, "Farms and Land in Farms, 2021 Summary," February 2022, Reddit, Bill Gates Ask Me Anything, March 19, 2021, Bill & Melinda Gates Foundation, "Agricultural Development," accessed Jan. 24, 2023, Associated Press, "Bill Gates owns a lot of American farmland, but not the majority," May 2, 2022, Vox, "The controversy over Bill Gates becoming the largest private farmland owner in the US," June 11, 2021, NBC News, "McDonald's french fries, carrots, onions: all of the foods that come from Bill Gates farmland," June 8, 2021, Reuters, "Fact Check-Bill Gates doesnt own most U.S. farmland; BlackRock doesnt own most houses," May 5, 2022, CNBC, "Bill Gates and Richard Branson are betting lab-grown meat might be the food of the future," March 23, 2018, CNBC, "Bill Gates bets on growing demand for sustainable foods," May 14, 2015, Bloomberg News, "Lab-Grown Meat Backed by Gates, Tyson Foods Faces U.S.
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