By Jenna Hoffman July 5, 2022. Now Chinese companies and businessmen are planning to make their home in the United States. "With more productive seeds we can avoid deforestation and help Africa deal with the climate difficulty they already face. Bill Gates currently owns over 268,000 acres of American farmland spread out over 19 states. Plum Creek, headquartered in Seattle, Washington, is the largest private landowner in Michigan after purchasing 650,000 acres in 2005. LIVE OAK, Fla. -- The investment company that manages the wealth of the world's richest man, Bill Gates, has been acquiring gobs of farmland in north Florida the past two years . Deals are highly vetted with around a 1% acceptance rate, You pick and choose what specific farms you want to invest in, Investors do not have access to a secondary market yet, so you should be familiar with the time horizon. Business entities have, however, been increasing their presence as owners of rental properties. Will Bill Gatess green tech initiatives ever intersect with his growing agricultural empire? Either that or I had a screw loose. An archived version of the tweet can be found (archive.ph/8Tq36). Your membership is the foundation of our sustainability and resilience. 1 landowner in the U.S. is billionaire John Malone, the chairman of Liberty Media, who tops . 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 . Official: Michigan State gunman had note threatening 2 New Jersey schools. Oct 22, 2014. 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.. These posts were flagged as part of Instagrams efforts to combat false news and misinformation. (AP). Don't miss real-time alerts on your stocks - join Benzinga Pro for free! The 2,100 acre potato farm adds to his massive portfolio of farm investments. In the Reddit AMA, he also said he'll sell what he owns as money goes towards the foundation. In his annual Reddit Ask Me Anything session on Wednesday, Gates was asked why he has made all of his farmland purchases. 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. That makes him the largest landowner in the U.S. Stats show agriculture is a pretty good investment for. 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. The Gates have been quietly acquiring farmland through their investment manager, Cascade Investment, for over 10 years. 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). He was right when he predicted the COVID-19 epidemic in 2015. 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). AcreTrader has carved out a niche for themselves that has led to rapid market dominance. Gates' interest in farmland is still strong. 28. Corn production is concentrated in the Lower Peninsula with Saginaw and Lenawee counties as Michigans largest producers. However, the Gates Foundation has been largely transparent at every level of their operations from their objectives, means, successes, and failures. See here for a complete list of exchanges and delays. In this short period of time, there was a proliferation in funds that were specifically focused on farmland investing. 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. 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. The Gates Foundation has seen steady success and growth since their launch, funding science, research, agriculture and education. Trump killed them., The Kansas City Chiefs Super Bowl win has been put on hold as NFL plans to launch an investigation on possible (performance-enhancing drug) use by Patrick Mahomes during halftime.. 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. An ingredient in some of Chick-fil-As dipping sauces can cause serious health problems. 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. Age Requirements Most ordinances require, Huckleberries are small bright blue, or dark blue, or black berries which grow wild near marshes in Michigan. In a 2020 blog post, he wrote, "The rich should pay more than they currently do, and that includes Melinda and me.". Returns from farmland have actually outpaced the stock market in recent years with significantly less volatility. What Asset Class Is Farmland Considered To Be? I have written several articles on postings related to Big Tech, Social Media and Corporations. When it comes to alternative assets, there are a few options investors can look at such as real estate, fine art, foreign stocks, cryptocurrencies, even NFTs (verdict still out on them). 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. 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. Roman Catholic Church: 70 million hectares The largest landowner in the world is not a major oil magnate or a real estate investor. His 242,000 acres of farmland stretch across 18 states from Washington to Florida,. Is this just a regular investment move, made on a large scale? 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 Why did he decide to buy in Amish Country? The publication named Gates the countrys largest private farmland owner in 2020, 2021 and 2022. The Gates Foundation has focused their efforts on alleviating the aftermaths of climate change since its founding. Interestingly enough, though the Bill and Melinda Gates Foundation is working on this agriculture initiative. Other noteworthy farmland investors include Ted Turner and Thomas Peterffy. We may earn commission if you buy from a link. As the Land Report notes, 24,800 acres of the land istransitional, located on the western edge of Phoenix, the tenth-largest metropolitan area in the country, and the mostpopulous city in Arizona. 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. But unlike those men, Gilbert has plans to redevelop his properties and not just sit on them. North Dakota Agriculture Commissioner Doug Goehring spoke with KFYR, stating that the public reaction to the purchase has been negative. Alongside his investments, Gates has also purchased farmland in at least 19 states, according to The Land Report. As of 2022, he owned 248,000 acres of farmland across more than a dozen states, but this accounts for less than 1% of the total farmland in the U.S. Since 2020, Gates has held the title of the nations largest private farmland owner, per The Land Report. 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. Please let us know if you're having issues with commenting. 33701 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. Bill Gates (AP Images) Bill Gates is buying up America's farmland. Though the Gates Foundation has spent so much time and resources on helping humanity more than any other private entity in history the sheer power their enterprise wields has drawn the attention and fear of many. How much land does Russia own in the United States? Amazon founder and chairman Jeff Bezos has amassed 420,000 acres in recent years. #1. Oversight," June 15, 2018, The Chicago Tribune, "Chicken nuggets and cream cheese grow in trays in a South Side lab. Owning farmland is one of the most prudent financial investments to make now. 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. Over the last decade, Bill Gates has invested in multiple companies, including Beyond Meat and Impossible Foods, that develop plant-based meat alternatives. 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 and his investment team own more than 240,000 acres, as reported by O'Keefe, including 2,167 acres in Michigan. 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. While he owns a significant amount, it is a relatively small slice of the nation's nearly 900 million total farm acres. Bill Gates and conspiracy theories go together like peanut butter and jelly. Social media users are falsely claiming that Gates owns the majority of U.S. farmland. 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 is best-known for cofounding Microsoft, but he's also a major US landowner, having bought 275,000 acres of farmland. - Farmland Riches where is bill gates' farmland in michigan. Purchasing your own farm outright means that you are not diversified across many farms; just 1. 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. Farmland Riches, LLC and the owners may have investments in companies represented on the AcreTrader platform. Download free guide with advice for beginners. It isless than .1% of all US farmland because the ownership is so diverse. Hes also written about the need for more ways to produce meat without depleting environmental resources. Gates personal farmland portfolio is managed by Michael Larson and Cascade Investment. No one but Bill Gates knows that answer. 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. A $13.5 million purchase of a North Dakota potato farm is drawing outrage and legal scrutiny. Sign up for notifications from Insider! Best Farmland Investing Platforms Non-Accredited, Best Canadian Farmland Investing Platforms. How old do you have to be to strip? Bill Gates and his estranged wife Melinda Gates have accumulated more than 269,000 acres of farmland across 18 American states. 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. 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 and Melinda Gates also cracked the Land Report's Top 100 Landowners for the first time coming in at number 49. Real estate investors overall have also been increasingly targeting single-family homes. Gear-obsessed editors choose every product we review. "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 1999, Cascade Investment made an interesting decision: Gates sold over 7 million personal Microsoft shares to further diversify his portfolio. Another meme circulating online reads: Bill Gates is buying all the farmland. The Guardian, https://www.theguardian.com/commentisfree/2021/apr/05/bill-gates-climate-crisis-farmland. Read also:Which Billionaire Owns The Most Land In The U.S.? American Homes 4 Rent holds around 57,024 single-family properties (here). (here). 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. Who owns the most land in the world 2021? 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. 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. Oversight. In fact, Gates is the owner of over. There isn't some grand scheme involved - in fact, all these decisions are made by a professional investment team.. 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. Gates started purchasing farmland circa 2013 through his investment group, Cascade Investments. As per the Land report and NBC report, Gates has farmlands in Louisiana, Nebraska, Georgia and other areas. But that's just a portion of the vast holdings Gates and his ex-wife, Melinda French Gates, own from sea to shining sea. stated on February 26, 2023 a video on Facebook: stated on February 15, 2023 a photo on Facebook: stated on January 29, 2023 a video on Facebook: stated on February 5, 2023 an Instagram post: stated on January 27, 2023 a video on Facebook: stated on January 22, 2023 an Instagram post: stated on January 16, 2023 a photo on Facebook: stated on January 12, 2023 a photo on Facebook: stated on November 6, 2022 an Instagram post: stated on October 26, 2022 a post on Instagram: stated on October 12, 2022 an Instagram post: stated on October 9, 2022 a Facebook post: stated on March 3, 2023 in a Conservative Political Action Conference speech: stated on February 19, 2023 in a Facebook post: stated on February 24, 2023 in an Instagram post: stated on March 2, 2023 in a speech at CPAC: stated on February 25, 2023 in a Facebook post: stated on February 22, 2023 in a Facebook post: stated on February 26, 2023 in an Instagram post: stated on February 27, 2023 in a Facebook post: All Rights Reserved Poynter Institute 2020, a 501(c)(3) nonprofit organization. BlackRock is a shareholder in both companies (here) (here). 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 In 2020, Gates made headlines for becoming the largest private farmland owner in the U.S. Gates and his investment team own more than 240,000 acres, as reported by OKeefe, including 2,167 acres in Michigan. Recently, an article in Land Report stated that Bill Gates owns more American farmland than anyone else. Eggs have become expensive and scarce in some parts of the country. for different crops that have been gene edited to be pest-proof, flood proof, disease proof, and climate change-resistant. Louisiana is the top state. It is unclear how cheap biofuels can be but if they are cheap it can solve the aviation and truck emissions. Nancy Pelosi (purchased) 10,000 shares of Amgen, manufacturer of Nplate, a drug used to treat radiation sickness.. 2,167 acres. as well as other partner offers and accept our. 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.. 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. 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. Youre not investing in a building that will decay over time, but the rich farmland itself. As per the report, the Gates have their own land in at least 18 American states. As we learned above, in most farmland investment situations, the farmland owner leases their land to tenant farmers, who usually live on and work the land. Infected flocks are culled to prevent the flu from spreading. It is unclear how cheap biofuels can be but if they are cheap it can solve the aviation and truck emissions.". Hearst Magazine Media, Inc. All Rights Reserved. RELATED: What Bill Gates has to do with livestock, lab-grown meat, RELATED: Eggflation? The No. During his 11th appearance in the "Ask Me Anything" . Darren lives in Portland, has a cat, and writes/edits about sci-fi and how our world works. More surprising, however, was the fact that Bill and Melinda Gates own more private farmland . Just over 70% of these were owned by individual investors. With the Washington state acreage and other recent additions to his portfolio,. In fact, he reportedly owns more farmland than any other individual in America. Many people wonder why Bill Gates would make these moves with his investment portfolio. The tweet had gathered over 215,000 likes at the time of writing. Amazing, if truebut its extremely not. While much of this land was transferred to the new state of Hawaii in 1959, the federal government did keep some. Gates is just using farmland to make Agri-Tech and financial investments. By Rebecca . The Consumer Price Index shows chicken prices, including fresh whole chicken and fresh or frozen chicken parts, have increased 11% over the last year. Follow him on Twitter@LucasNolanor contact via secure email at the addresslucasnolan@protonmail.com, EconomyPoliticsTechBill GatesFarmersfarmlandNorth Dakota. 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. Prime soils and the moderating, Best Strip Clubs For 18 And Over in Detroit, Michigan. Check out:How To Invest In Real Estate With $100. Talk about big bets. stated on February 13, 2023 in a Facebook post, Gates investments in plant-based meat and farmland. 2023 Benzinga.com. According to 2021 article from the Land Report, a magazine about land. What Bill Gates has to do with livestock, lab-grown meat, Eggflation? Read next:Bezos-Backed Startup Lets You Become A Landlord With $100. Former Microsoft CEO Bill Gates owns a majority of America's farmland. .css-v1xtj3{display:block;font-family:FreightSansW01,Helvetica,Arial,Sans-serif;font-weight:100;margin-bottom:0;margin-top:0;-webkit-text-decoration:none;text-decoration:none;}@media (any-hover: hover){.css-v1xtj3:hover{color:link-hover;}}@media(max-width: 48rem){.css-v1xtj3{font-size:1.1387rem;line-height:1.2;margin-bottom:1rem;margin-top:0.625rem;}}@media(min-width: 40.625rem){.css-v1xtj3{line-height:1.2;}}@media(min-width: 48rem){.css-v1xtj3{font-size:1.18581rem;line-height:1.2;margin-bottom:0.5rem;margin-top:0rem;}}@media(min-width: 64rem){.css-v1xtj3{font-size:1.23488rem;line-height:1.2;margin-top:0.9375rem;}}60 Scientists Are Trying to Block the Sun, Particle Accelerator Reveals Beginning of Time, Earth's Inner Core Has Another Inner Core, 8 Questions About Turkey With an Earthquake Expert, Conspiracy: Blaming Weather Weapons for Earthquake, Scientists Just Discovered a Literal Hell, How the NFL Grew the Field for Super Bowl LVII, The Doomsday Clock Is at 90 Seconds to Midnight, Uh, Earth's Inner Core Just Stopped Spinning, Supercomputer: 27% of Earth's Life Dead by 2100, 20 Weird Facts About Our Lovable Planet Earth. 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. Snopes and the Snopes.com logo are registered service marks of Snopes.com. Click here to view current offerings on AcreTrader! However, when you read between the lines with an objective and open mind, one can infer much. 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 . The Bill & Melinda Gates Foundation is focused partly on agricultural development to support farmers in sub-Saharan Africa and South Asia. Of those states, Gates owns the most land in Louisiana, where he is proprietor of more than 69,000 acres. Their low fees and competitive returns set them apart from many of the other platforms out there. 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 their 2018 annual letter, 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. Although Gates owns these farms, he isnt changing their practices. In fact, he reportedly owns more farmland than any other individual in America. I have invested in these farms to make them more productive and create more jobs. Bill is now the biggest owner of farmland in 2022 a great hedge asset against rising inflation. "Our office needs to confirm how your company uses this land and whether this use meets any of the statutory exceptions," the letter said. By 2019, the USDA says foreign ownership of U.S. acres exceeded 35.2 million acres, a 60 percent increase from the decade prior. What Land Does Bill Gates Own In Michigan? Other examples can be seen (here), (here). 420,000 acresBill and Melinda Gates prior to their divorce accumulated roughly 270,000 acres of farmland in less than a decade. (here) (here). This article Bill Gates Finally Explains Why He's Buying So Much U.S. The tide began to shift in the early 2000s, when institutional investors began to give farmland a closer look. Across the nation, Gates' affiliates . Who owns the most property in Detroit Michigan? Pregnancy tests include a hidden Plan B pill. Satellites are on balloons and not in space.. He's the new MacDonald: Bill Gates owns hundreds of thousands of acres across the United States including 242,000 acres of farmland making him the country's top agricultural landholder, according to Eric O'Keefe's The Land Report. Gates and his wife own 269,000 acres of farmland. Breitbart News previously reported that Gates is Americas largest private owner of farmland. 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. Bill Gates speaks during the Global Fund's Seventh Replenishment Conference, Wednesday, Sept. 21, 2022, in New York. As reported by Bloomberg . Are you ready for alternative proteins made from a volcanic microbe? AREA 8 CASH CROPS AND DAIRY Area 8 is the leading cash crop area in Michigan. 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 U.S. Federal Government. Hes the largest landowner in the United States. Essentially, by year 2030, the estimated results of what carbon emissions (and their, Eradicate major diseases such as polio, malaria, and HIV, Reduce child death by half across the developing countries in Africa, Educate and empower small-holder farmers through mobile banking, Featured in the agricultural side of their plan is a strategy for. 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. Every single Republican blocked Ketanji Brown Jacksons SCOTUS appointment.. In his Reddit AMA last year, one user said, "What do you plan to do with all the farmland you have purchased? Drinking or using tap water treated with chlorine is dangerous because chlorine is a poison., Obama imposed stricter rules on trains carrying toxins. 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 owns about 400 acres of farmland outside of Malmo, Nebraska, that he rents to a local farmer.