We invest in the farms to raise productivity. Estes, Nick. Table of Contents show We need your help. 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). However, Microsoft wasn't Bill Gates' only successful venture. That makes him the largest landowner in the U.S. Stats show agriculture is a pretty good investment for. Avian flu is highly infectious, can spread rapidly from flock to flock, and can often kill chickens. 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. Who knows. Gates has farmlands in Louisiana, Nebraska, Georgia and other areas. Gates does own a lot of farmland. Suggests that since mostly Democrats vote early then that represents made-up ballots or dead people voting.. 242,000 Acres: Bill Gates Now The Largest Owner Of Farmland In America. Since 2020, Gates has held the title of the nations largest private farmland owner, per The Land Report. By Dec. 31, 2022, the Agriculture Department reported 43 million egg-laying hens had died because of the disease or depopulation. 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. Agfundernews.com, a website about agricultural investments, reported in 2021 that Gates' investments were part of a broader trend that started after the financial crisis of 2008, as investors looked for reliable returns. Gates private office, Gates Ventures, told PolitiFact this claim is false. Please let us know if you're having issues with commenting. Hes also written about the need for more ways to produce meat without depleting environmental resources. What does Weyerhaeuser have to do with Michigan? NOW WATCH: Bill Gates has a net worth of over $96 billion here's how he makes and spends his money. 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. 2023 Benzinga.com. 2,167 acres. Drinking or using tap water treated with chlorine is dangerous because chlorine is a poison., Obama imposed stricter rules on trains carrying toxins. 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.. 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). 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. 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. Gates is not the only billionaire on The Land Report 's list of top private farmland owners. Business entities have, however, been increasing their presence as owners of rental properties. Since his divorce, it is unclear how the assets were split up between the couple. "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?" 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. Here are a few likely reasons why Bill Gates is scooping up farmland: Whatever you may think about the man himself, 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. See here for a complete list of exchanges and delays. His largest holding is in Louisiana (69,071 acres), followed by Arkansas (47,927 acres) and Arizona (25,750 acres). 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. "It is not connected to climate. In addition, the law places certain limitations on the ability of trusts to own farmland or ranchland, the letter said. The portion of land that isn't owned by farmers varies widely regionally; in some areas, almost 80 percent of agricultural land is held by non-operators. Who owns the most property in Detroit Michigan? Either that or I had a screw loose. In his annual Reddit AMA Wednesday, Gates was asked why he has bought so much farmland. BlackRock is a shareholder in both companies (here) (here). FILE - Bill Gates attends a discussion during the 'Munich Security Conference' in Munich, Germany, Friday, Feb. 18, 2022. 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. The tech billionaire owns 69,071 acres in Louisiana, 47,927 acres in Arkansas, and 20,588 acres in Nebraska. From the beginning, Cascade Investments focused on blue chip defensive stocks, including Four Seasons, Berkshire Hathaway, Coca Cola, and more. Or, have more control over the resources we all use and need. Talk about big bets. While the global climate change initiative is trying to reduce total emissions by the year 2050, the year 2030 is also important. 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.. The 2,100 acre potato farm adds to his massive portfolio of farm investments. 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. Invitation Homes, for example, has approximately 80,000 homes for lease across the country and is the largest landlord for single-family homes in the United States (here) (here). It's not part of his plans to save the planet. All rights reserved. It is unclear how cheap biofuels can be but if they are cheap it can solve the aviation and truck emissions.". How much land does Russia own in the United States? 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. 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. Gates is just using farmland to make Agri-Tech and financial investments. Cascade Investment began purchasing farmland in significant strides in 2013. This article was produced by the Reuters Fact Check team. Their low fees and competitive returns set them apart from many of the other platforms out there. Why Is Bill Gates Buying So Much Farmland? Partnering with Monsanto to create these super seeds is also part of the plan. But unlike those men, Gilbert has plans to redevelop his properties and not just sit on them. 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. 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). According to The Land Report, the Microsoft co-founder owns farmland across 18 states, with the largest holdings being in Louisiana (69,071 acres), Arkansas (47,927 acres) and Nebraska (20,588. As unfounded rumors related to the cause of a yet-to-happen food crisis circulated online, many people started to point fingers at a favorite target of conspiracy theorists, former Microsoft CEO Bill Gates. What special interest does Bill Gates have in farmland? This article Bill Gates Finally Explains Why He's Buying So Much U.S. The state bars corporations and limited liability companies from owning or even leasing farmlands or ranches and has other limits on trusts, yet the . RELATED: What Bill Gates has to do with livestock, lab-grown meat, RELATED: Eggflation? Other noteworthy farmland investors include Ted Turner and Thomas Peterffy. This informational is by no means a promotion, solicitation, or recommendation of any specific investment. Why Bill Gates Is Investing In Chicken-Less Eggs, Memphis Meats raised $161 million to grow meat from cells, Bill Gates and Richard Branson backed a food startup which grows meat in labs, How Beyond Meat became a $550 million brand, winning over meat-eaters with a vegan burger that bleeds', Bill Gates headlines an all-star list of investors pumping $75 million into meatless burgers, How Impossible Burgers simple vision won hundreds of millions in funding and backing from Bill Gates. Those people are upset, but there are others that are just livid about this.. In the Reddit AMA, he also said he'll sell what he owns as money goes towards the foundation. "Our office needs to confirm how your company uses this land and whether this use meets any of the statutory exceptions," the letter said. How can this inform our personal investment decisions? Gates responded: "I own less than 1/4000 of the farmland in the US. Nebraska has the third-most Gates-owned farmland in the nation. Across the nation, Gates' affiliates . It was near-perfect timing too, as 2000 would quickly see the infamous tech crash of dot com stocks. Bill Gates Uses Farmland as an Investment Outlet Buying up Potato, Carrot and Onion Farms. NBC News, https://www.nbcnews.com/tech/tech-news/mcdonald-s-french-fries-carrots-onions-all-foods-come-bill-n1270033. 309. In 2000, the new Gates foundation launched with Bill, Melinda, and Warren Buffet on the trustee board. - Farmland Riches where is bill gates' farmland in michigan. 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. 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. What Happened: Gates answered dozens of questions over the course of a few hours during the AMA, including: 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?, He responded, I own less than 1/4000 of the farmland in the US. Snopes and the Snopes.com logo are registered service marks of Snopes.com. The other major crops oats and forages are mostly fed to livestock on farms in the area. 1800 I Street NW Our Standards: The Thomson Reuters Trust Principles. According to lovemoney.com, the church owns more than 70 million hectares. 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. Bill Gates is best-known for cofounding Microsoft, but he's also a major US landowner, having bought 275,000 acres of farmland. Bill Gates owns a minimum of 242,000 acres of U.S. farmland in Washington, Illinois, Iowa, Louisiana, California and multiple other states. How long is it from Michigan to Detroit? Are you ready for alternative proteins made from a volcanic microbe? 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. The Agriculture Department estimates there are more than 895 million acres of farmland in the U.S., making Gates share 0.028%. Pregnancy tests include a hidden Plan B pill. The Detroit Land Bank Authority (DLBA) is a public authority that owns and manages approximately 100,000 parcels of property in the City of Detroit making it the citys largest landowner.Detroit Land Bank Authority. The agriculture sector is important. 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. Official: Michigan State gunman had note threatening 2 New Jersey schools. 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.. Bill Gates: Americas Top Farmland Owner | The Land Report. You either had to directly buy the land, pony up millions to participate in a fund or purchase farmland via a REIT. It isless than .1% of all US farmland because the ownership is so diverse. Louisiana is the top state. This isn't the first time Gates has called for higher taxes on the wealthy. Toxic chemicals known as PFAS, or per- and, 2 hours, 2 minutes. Conspiracy Theorists claimed last year that the Microsoft founder was buying up farmland in the U.S. to starve Americans for some unknown reason, Snopes said, after researchers said in April that the world was facing a potential food shortage due to Russias invasion of Ukraine. Thus, before we answer these questions, we are going to provide a brief summary of his financial history. Where Does Bill Gates Own Farmland in the US. In their Big Bet, they recognize that the impoverished people stand to be impacted the most by these changes. Over the last decade, Bill Gates has invested in multiple companies, including Beyond Meat and Impossible Foods, that develop plant-based meat alternatives. . Darren lives in Portland, has a cat, and writes/edits about sci-fi and how our world works. Today, Bill Gates owns 242,000 acres of farmland in 19 states. 1995 - 2023 by Snopes Media Group Inc. Real estate investors overall have also been increasingly targeting single-family homes. Oct 22, 2014. (AP). Farmland in am. 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. "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. In fact, he reportedly owns more farmland than any other individual in America. He was right when he predicted the COVID-19 epidemic in 2015. Every single Republican blocked Ketanji Brown Jacksons SCOTUS appointment.. 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. I had heard this in the past, but didn't give it much thought. The publication named Gates the countrys largest private farmland owner in 2020, 2021 and 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 . Bill Gates investments in farmland can be seen as part of this trend. 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. The report states that Gates has 70,000 acres of land in North Louisiana where they grow soybeans, corn . Gates has been asked about his farmland purchases before. Bill Gates speaks during the Global Fund's Seventh Replenishment Conference, Wednesday, Sept. 21, 2022, in New York. That's a ginormous deal, one that pencils out to almost $12,000 per acre for a whole lot of acres. That makes him the largest landowner in the U.S. Stats show agriculture is a pretty good investment for billionaires. I have written several articles on postings related to Big Tech, Social Media and Corporations. Gates does not own the majority of U.S. farmland. What Land Does Bill Gates Own In Michigan? No, its the Roman Catholic Church. Mar 4, 2009. Plum Creek, headquartered in Seattle, Washington, is the largest private landowner in Michigan after purchasing 650,000 acres in 2005. Bill Gates currently owns over 268,000 acres of American farmland spread out over 19 states. 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. Microsoft founder Bill Gates and his wife Melinda have amassed the largest portfolio of private farmland in the US, according to The Land Report. 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. 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 the same way you can invest into ETFs (Exchange Traded Funds) in the stock market, there exist similar products for farmland called farmland REITs. Bill Gates reportedly owns more farmland than anyone else in the United States. 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. Hearst Magazine Media, Inc. All Rights Reserved. The report states that Gates has 70,000 acres of land in North Louisiana where they grow soybeans, corn, cotton. Mr. Gates owns about 97,934 hectares, accounting for about 0.03% of . Billionaire Bill Gates explains why he buys a lot agricultural land - Photo: BENZINGA. Since it works as an investment for him, it also includes the benefits of using land as an . 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. 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 . In 1999, Cascade Investment made an interesting decision: Gates sold over 7 million personal Microsoft shares to further diversify his portfolio. What Part Of Michigan Is Considered The Upper Peninsula? They ripen in late July and early. Gates owns less than 1% of the nations farmland. I have invested in these farms to make them more productive and create more jobs. The Gates have been quietly acquiring farmland through their investment manager, Cascade Investment, for over 10 years. Due climate change, dry seasons will be drier, and wet seasons will be more intense, and bring more flooding. While the Gates' own a lot of farmland, nonfarmers own 283 million acres of farmland throughout the U.S. Northern Kansas land sale averages $3,500 per acre. 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. Owning farmland is one of the most prudent financial investments to make now. The U.S. Federal Government. 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). 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. 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. Farmland as an investment offers low volatility. Bill is now the biggest owner of farmland in 2022 a great hedge asset against rising inflation. 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.
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