Mr. Gates owns about 97,934 hectares, accounting for about 0.03% of . 20006, Florida Bill Gates, the billionaire founder of Microsoft, has been revealed as the biggest private owner of farmland in the US, after buying up 242,000 acres in 18-states. The Gates Foundation has focused their efforts on alleviating the aftermaths of climate change since its founding. An ingredient in some of Chick-fil-As dipping sauces can cause serious health problems. What Land Does Bill Gates Own In Michigan? He recently tried to explain why, and it was a little hard to follow. Water bills are soaring in some areas as infrastructure deteriorates, a recent University of Michigan study found. Although Gates owns these farms, he isnt changing their practices. 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.. 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. Claims online that billionaire Microsoft co-founder Bill Gates owns the majority of U.S. farmland and that BlackRock, the worlds largest asset manager, owns the majority of U.S. single-family houses are factually inaccurate, according to industry data and spokespeople for Gates and BlackRock. There were 895.3. 28. In 2016, he wrote on his blog about the benefits of raising chickens, particularly for people living in poverty. 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. Who owns the most farmland in the world? How Long Can You Be Held Without Bond In Michigan? Why did he decide to buy in Amish Country? 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. Gates does own a lot of farmland. Gates does not own the majority of U.S. farmland. Will Bill Gatess green tech initiatives ever intersect with his growing agricultural empire? However, when you read between the lines with an objective and open mind, one can infer much. In his Reddit AMA last year, one user said, "What do you plan to do with all the farmland you have purchased? 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). 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.. What Part Of Michigan Is Considered The Upper Peninsula? Perhaps history is repeating itself? We may earn commission if you buy from a link. Are you ready for alternative proteins made from a volcanic microbe? According to a 2021 report from the United States Department of Agriculture and the National Agriculture Statistics Service, there are 895,300,000 acres of farmland in the United States. That purchase of Plum Creek makes Weyerhaeuser the largest private landowner in Michigan, as of now. 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. Who is the largest farmer in the United States? Michigan - 2,167 acres; Mississippi - 16,963 acres; Nebraska - 20,588 acres; New Mexico - 1 acre; North Carolina - 874 . 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. All quotes delayed a minimum of 15 minutes. Does this investment say anything about the state of the. 2022. There isn't some grand scheme involved - in fact all these decisions are made by a professional investment team.". His 242,000 acres of farmland stretch across 18 states from Washington to Florida,. 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. In his annual Reddit Ask Me Anything session on Wednesday, Gates was asked why he has made all of his farmland purchases. Amazon founder and chairman Jeff Bezos has amassed 420,000 acres in recent years. A spokesperson for Gates also told Reuters the claim that Gates owns the majority of U.S. farmland was false, pointing to the USDA figures. Starting in 2013, Gates began investing his billions (through the firm Cascade Investment) in agriculture because of its steady increase in value and low volatility. Today, Bill Gates owns 242,000 acres of farmland in 19 states. How long is it from Michigan to Detroit? Bill Gates owns about 400 acres of farmland outside of Malmo, Nebraska, that he rents to a local farmer. 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. At the turn of this century, Chinese owners owned about 192,000 acres of farmland in the U.S., according to the USDA. The 2,100 acre potato farm adds to his massive portfolio of farm investments. Gates is No. Is this just a regular investment move, made on a large scale? 420,000 acresBill and Melinda Gates prior to their divorce accumulated roughly 270,000 acres of farmland in less than a decade. Breitbart News previously reported that Gates is Americas largest private owner of farmland. Gates' achievement, according to the report, is that he's largest private owner of farmland in the US. Estes, Nick. Is Farmland Partners (FPI) A Good Investment? Climate Connection. It is not connected to climate. Age Requirements Most ordinances require, Huckleberries are small bright blue, or dark blue, or black berries which grow wild near marshes in Michigan. It's hard to visualize just how much land 242,000 acres amounts to unless . Gates said during a Reddit AMA: My investment group chose to do this. Gates' interest in farmland is still strong. Gates believes that subsistence farmers and impoverished peoples will be among the most affected by climate change. Representatives for Gates did not immediately respond to messages from Insider requesting comment. This article was produced by the Reuters Fact Check team. However, the Gates Foundation has been largely transparent at every level of their operations from their objectives, means, successes, and failures. 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 . 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. Gates owns less than 1% of the nations farmland. Former Microsoft CEO Bill Gates owns a majority of America's farmland. However, there are also countless farmland investing platforms gaining traction now too. Table of Contents show FILE - Bill Gates attends a discussion during the 'Munich Security Conference' in Munich, Germany, Friday, Feb. 18, 2022. Bill left most of his professional work at Microsoft at this time to work with Melinda and the foundation. Youre not investing in a building that will decay over time, but the rich farmland itself. It's not part of his plans to save the planet. 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. About 350,000 acres of the U.S. government land in Hawaii were kept for military installations and national parks. Other examples can be seen (here), (here). 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. 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%. The U.S. Federal Government. Recently, an article in Land Report stated that Bill Gates owns more American farmland than anyone else. Why doesnt everyone just invest in farmland then? Click here to view current offerings on AcreTrader! 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). As per the Land report and NBC report, Gates has farmlands in Louisiana, Nebraska, Georgia and other areas. Since it works as an investment for him, it also includes the benefits of using land as an . Gates and his investment team own more than 240,000 acres, as reported by O'Keefe, including 2,167 acres in Michigan. That makes him the largest landowner in the U.S. Stats show agriculture is a pretty good investment for billionaires. 41 on The Land Report's 2022 list of Americans who own the most land. - Farmland Riches where is bill gates' farmland in michigan. Satellites are on balloons and not in space.. 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. Farmland REITs have a high degree of correlation with the overall stock market, and returns tend to be lower than less liquid farmland investments. 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. 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. And many of the American farms Gates owns specialize in produce, such as onions, carrots and potatoes, NBC News reported in 2021. The report states that Gates has 70,000 acres of land in North Louisiana where they grow soybeans, corn . 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. This, combined with holiday demand and continued coronavirus pandemic-related supply-chain pressures, have affected the market. 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. 2021. The mogul's holdings include large tracts in Illinois, Iowa, Louisiana, California, and about a dozen other states. Farmland Riches, LLC and the owners may have investments in companies represented on the AcreTrader platform. 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. NOW WATCH: Bill Gates has a net worth of over $96 billion here's how he makes and spends his money. Why am I just learning about this NOW?. Gates and his investment team own more than 240,000 acres, as reported by OKeefe, including 2,167 acres in Michigan. Gates, currently the sixth-richest person in the world, has a net worth of $111 billion, according to the Bloomberg Billionaires Index. What Returns Should You Expect From Farmland Investing? Gates does not own anywhere close to the majority of America's farmland. Some social media users are claiming recent national chicken and egg supply shortages are the culmination of a decadelong plot by Gates. Photo of electric charging station powered by diesel generator is emblematic of the electric vehicle movement. The Bill & Melinda Gates Foundation is focused partly on agricultural development to support farmers in sub-Saharan Africa and South Asia. Eggs have become expensive and scarce in some parts of the country. The . 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. Egg prices havent come down with inflation. While the Gates' own a lot of farmland, nonfarmers own 283 million acres of farmland throughout the U.S. 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 33701 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. 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. Investors from the Netherlands own 33% of that land with Canadians owning 25%. From the beginning, Cascade Investments focused on blue chip defensive stocks, including Four Seasons, Berkshire Hathaway, Coca Cola, and more. Cascade Investment began purchasing farmland in significant strides in 2013. The No. By 2019, the USDA says foreign ownership of U.S. acres exceeded 35.2 million acres, a 60 percent increase from the decade prior. 242,000 Acres: Bill Gates Now The Largest Owner Of Farmland In America. These states include: Arizona - 25,750 acres; Arkansas - 47,927 acres . 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. 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). So, what's the interest in farmland? Gates-affiliated ownership covers vast swaths of farm and timberland, estimated to be 69,071 acres in all by niche land ownership publication The Land Report. In fact, Gates is the owner of over 270,000 acres of farmland, which is worth over $700 million! 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. The major cash crops are field beans, sugar beets, corn and wheat. 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. 1800 I Street NW stated on February 13, 2023 in a Facebook post, Gates investments in plant-based meat and farmland. "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. Best Farmland Investing Platforms Non-Accredited, Best Canadian Farmland Investing Platforms. 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.
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