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. This material may not be reproduced without permission. Suggests virologists death is linked to COVID-19 vaccines. He responded that it was a decision his investment group made. I have written several articles on postings related to Big Tech, Social Media and Corporations. The . The North Dakota purchase would put those total holdings at more than 270,000 acres, though it's not clear how the property is being divided following Gates and French Gates' divorce last year. Hes also written about the need for more ways to produce meat without depleting environmental resources. The No. One of the more colorful theories pertains to Gatess strange interest in U.S. agriculture, with rumors that the former Microsoft CEO owns upward of 80 percent of farmland in the United States. Gates personal farmland portfolio is managed by Michael Larson and Cascade Investment. A 2018 purchase of 14,500 acres of prime eastern Washington farmland - which is. There were 895.3. 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. Where Does Bill Gates Own Farmland in the US. 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. The report states that Gates has 70,000 acres of land in North Louisiana where they grow soybeans, corn, cotton. Best Farmland Investing Platforms Non-Accredited, Best Canadian Farmland Investing Platforms. 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. While BlackRock does not directly own single-family houses, as the worlds largest asset manager (here), it owns stock in companies that do. Gates' interest in farmland is still strong. The Agriculture Department estimates there are more than 895 million acres of farmland in the U.S., making Gates share 0.028%. The buyer, Red River Trust, is tied to Bill Gates, the largest farmland owner in the US. Heres why. 309. 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. Michigan. 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. Talk about big bets. Many people wonder why Bill Gates would make these moves with his investment portfolio. Don't miss real-time alerts on your stocks - join Benzinga Pro for free! A Grimmway Farms employee moves a water pipe at one of their carrot farms in the Antelope Valley. So, what's the interest in farmland? The figure cited by The Land Report was subsequently reported by major news outlets including Business Insider and Forbes (here), (here). 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. Amazing, if truebut its extremely not. FILE - Bill Gates attends a discussion during the 'Munich Security Conference' in Munich, Germany, Friday, Feb. 18, 2022. These allow investors to get stared with as little as $10,000. 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. Gates and his wife own 269,000 acres of farmland. (here) (here). 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. 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. KX News' Josh Meny sat down with Vogel who says the Attorney General's office is impeding her investigation into the purchase. While Gates is still the top farmland owner in the U.S., not all of the property he owns is farmland. The total portfolio of farmland is worth well over $700 million. While the global climate change initiative is trying to reduce total emissions by the year 2050, the year 2030 is also important. Here in Michigan, roughly 1.35 million acres of ag land is held by foreign investors and nearly 90% of this land is in forests. What special interest does Bill Gates have in farmland? 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. An entity linked to billionaire Bill Gates has reportedly purchased 2,100 acres of potato farmland in northern North Dakota angering local residents. The tide began to shift in the early 2000s, when institutional investors began to give farmland a closer look. His 242,000 acres of farmland stretch across 18 states from Washington to Florida,. Does this investment say anything about the state of the. As per the report, the Gates have their own land in at least 18 American states. The Land Report found in 2021 that the Gateses had 242,000 acres of farmland, 1,234 acres of recreational land, and 25,750 acres of land in transition from farmland to residential and commercial use (think suburban development). Any why now after years of massive success? Thus, in Gates mind, its extremely important to help empower these developing peoples before that year comes to fruition. Bill and Melinda Gates also cracked the Land Report's Top 100 Landowners for the first time coming in at number 49. Gates is just using farmland to make Agri-Tech and financial investments. 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). His . He has also been aproponent of chicken farming. The counties with the most total acres of foreign-owned ag land are Keweenaw, Baraga and Alger. Who owns the most land in the world 2021? Last year, Gates vowed to give away "virtually all" of his fortune to the philanthropic foundation he runs with French Gates. American Homes 4 Rent holds around 57,024 single-family properties (here). It was near-perfect timing too, as 2000 would quickly see the infamous tech crash of dot com stocks. His idea, like many others, was to diversify his investments across different asset classes. 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. 41 on The Land Report's 2022 list of Americans who own the most land. F' off Gates! 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. 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. While he owns a significant amount, it is a relatively small slice of the nation's nearly 900 million total farm acres. 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. In his Reddit AMA last year, one user said, "What do you plan to do with all the farmland you have purchased? 2,167 acres. Since his divorce, it is unclear how the assets were split up between the couple. At the turn of this century, Chinese owners owned about 192,000 acres of farmland in the U.S., according to the USDA. However, there are also countless farmland investing platforms gaining traction now too. The timeline of events leading to the shortages, claim multiple Instagram posts, goes like this: "2013: Bill Gates invests (in) plant-based eggs, poultry, and meat", "2021: Bill Gates becomes the largest private farmland owner in the U.S.", "2021-2023: Mass chicken and egg shortages hit American farms", The Gateway Pundit, a conservative website, shared a similar claim. What Part Of Michigan Is Considered The Upper Peninsula? In a Reddit Ask Me Anything (AMA) last week, Gates once again fielded a question pertaining to his AG holdings and stated that he actually only owns 1/4000 of all U.S. farmland, or about 270,000 acres spread across 18 different states. Please let us know if you're having issues with commenting. Microsoft co-founder Bill Gates is America's top private farmland owner. These subsistence farmers can order equipment and seeds they need, paying what they can over a longer period of time. 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. Michigan - 2,167 acres; Mississippi - 16,963 acres; Nebraska - 20,588 acres; New Mexico - 1 acre; North Carolina - 874 . RELATED: What Bill Gates has to do with livestock, lab-grown meat, RELATED: Eggflation? An ingredient in some of Chick-fil-As dipping sauces can cause serious health problems. Gates responded: "I own less than 1/4000 of the farmland in the US. Bill is now the biggest owner of farmland in 2022 a great hedge asset against rising inflation. Well, as with everything in life, there is always a trade-off especially in finance. 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. 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.. As the Land Report notes, 24,800 acres of the land is transitional, located on the western edge of Phoenix, the tenth-largest metropolitan area in the country, and the most populous city in Arizona. Over the last decade, Bill Gates has invested in multiple companies, including Beyond Meat and Impossible Foods, that develop plant-based meat alternatives. Toxic chemicals known as PFAS, or per- and, 2 hours, 2 minutes. 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. 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 Heres why.," Jan. 10, 2023. 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. 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 fact, Gates is the owner of over 270,000 acres of farmland, which is worth over $700 million! Perhaps Bill Gates is looking to test out his GMO seeds. This, combined with holiday demand and continued coronavirus pandemic-related supply-chain pressures, have affected the market. For context, Invitation Homes and American Homes 4 Rents combined homes would be less than 1% of the 17.16 million homes, if total housing numbers stayed the same in the last three years. Are you ready for alternative proteins made from a volcanic microbe? 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. 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.. The tweet had gathered over 215,000 likes at the time of writing. ", Gates responded at the time, "My investment team bought the farmland. Official: Michigan State gunman had note threatening 2 New Jersey schools. (Read more about our partnership with Meta, which owns Facebook and Instagram.). 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. 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. 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. Microsoft founder Bill Gates and his wife Melinda have amassed the largest portfolio of private farmland in the US, according to The Land Report. Bill Gates Is the Biggest Private Owner of Farmland in the United States. Farmland is what is known as an alternative asset an investment that can grow wealth outside of the stock market. 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. Why? The Guardian, 5 Apr. During times of uncertainty, people often look for someone to blame, and peddlers of misinformation are quick to tell others at whom they should be pointing their fingers. "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?" Today, Bill Gates owns 242,000 acres of farmland in 19 states. That's a ginormous deal, one that pencils out to almost $12,000 per acre for a whole lot of acres. Bill Gates is well-known for building Microsoft, but it's a lesser-known fact that he's also the biggest private landowner in the US. The tech billionaire owns 69,071 acres in Louisiana, 47,927 acres in Arkansas, and 20,588 acres in Nebraska. 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. What is the most profitable crop in Michigan? Bill Gates buys farmland in Amish Country. We may earn commission if you buy from a link. 420,000 acresBill and Melinda Gates prior to their divorce accumulated roughly 270,000 acres of farmland in less than a decade. Gates owns less than 1% of the nations farmland. The Consumer Price Index shows chicken prices, including fresh whole chicken and fresh or frozen chicken parts, have increased 11% over the last year. No one but Bill Gates knows that answer. As reported by Bloomberg . How can this inform our personal investment decisions? 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. In April 2022, conspiracy theorists insinuated that billionaire Bill Gates was buying up "the majority" of American farmland as part of a diabolical plot to cause widespread food shortages. 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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. 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). as well as other partner offers and accept our. 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. The total portfolio of farmland is worth well over $700 million. In his annual Reddit AMA Wednesday, Gates was asked why he has bought so much farmland. 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. Conservatives are vowing to never drink Heineken again after it was recently revealed that billionaire Bill Gates acquired a minority stake in the popular brewing company. 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. AcreTrader is one of the most well-established farmland crowdfunding platforms out there. Or, have more control over the resources we all use and need. As of 2020, industry reports show he owned about 0.027% of U.S. farmland. He has been buying thousands of acres across America. 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. Why? Bill Gates does not own the majority of U.S. farmland. Bill GatesWith almost 269,000 acres, Bill Gates retained his ranking as Americas largest private farmland owner. There isn't some grand scheme involved - in fact all these decisions are made by a professional investment team.". About 350,000 acres of the U.S. government land in Hawaii were kept for military installations and national parks. According to Redfin, single-family housing represented over 70% of the properties purchased by investors in the third quarter of 2021 (here). - Farmland Riches where is bill gates' farmland in michigan. 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. 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. Since 2020, Gates has held the title of the nations largest private farmland owner, per The Land Report. 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. NOW WATCH: Bill Gates has a net worth of over $96 billion here's how he makes and spends his money. Costs are expected to fall in the coming weeks as egg-laying flocks are restored. In a March 2021 "Ask Me Anything" session on Reddit, Gates was asked why he had purchased so much farmland. Pregnancy tests include a hidden Plan B pill. Plum Creek, headquartered in Seattle, Washington, is the largest private landowner in Michigan after purchasing 650,000 acres in 2005. 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. It has also funded myriad research facilities and humanitarian operations, focusing on overcoming diseases, climate change, agricultural research, and health and nutrition in underdeveloped areas. 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. 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. As per the Land report and NBC report, Gates has farmlands in Louisiana, Nebraska, Georgia and other areas. 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. Bill Gates 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. Follow him on Twitter@LucasNolanor contact via secure email at the addresslucasnolan@protonmail.com, EconomyPoliticsTechBill GatesFarmersfarmlandNorth Dakota. Mar 4, 2009. From the beginning, Cascade Investments focused on blue chip defensive stocks, including Four Seasons, Berkshire Hathaway, Coca Cola, and more. Download free guide with advice for beginners. Will Bill Gatess green tech initiatives ever intersect with his growing agricultural empire? 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. This article Bill Gates Finally Explains Why He's Buying So Much U.S. The billionaire cant seem to do anything without drawing the conspiratorial ire of online netizens. For now, Gatess ever-expanding farmland ownership is really just rich guy doing rich guy things, and while concerning in a late-stage capitalism sort of way, it isnt as cartoonishly nefarious as some conspiratorial corners of the internet want to believe. Should we be worried about a tech giant like Bill Gates amassing this wild amount of land? Does Michigan Allow Personal Tax Exemptions? The. The Bureau of Labor Statistics latest update shows egg prices rose 60% over the last year. 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. Who knows. How Long Can You Be Held Without Bond In Michigan? How Many Hours Is It From Detroit To Michigan? By clicking Sign up, you agree to receive marketing emails from Insider "Those people are upset, but there are others that are just livid about this.". Tue, Feb 28, 2023 LOGIN . 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 Land Reportmagazine reported in January that Bill and Melinda Gates have amassed the largest portfolio of private farmland in the U.S. A $171 million purchase of 14,500 acres of prime eastern Washington farmland in 2018 gave the power couple an estimated 242,000 acres of farmland, which is nearly the size of Hong Kong. Who is the largest farmer in the United States? He created the pledge in 2010 with his then-wife, Melinda French Gates, and his close friend and Berkshire Hathaway CEO, Warren Buffett. 22. Ive gotten a big earful on this from clear across the state, its not even from that neighborhood, said Goehring.
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