In 2020, there were 166 such funds globally, nearly a 9x increase from only 19 in 2005. 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. Suggests that since mostly Democrats vote early then that represents made-up ballots or dead people voting.. How old do you have to be to strip? Prior to this in 1999, Bill sold off tons of Microsoft stock to diversify. (here) (here). Last year, Gates vowed to give away "virtually all" of his fortune to the philanthropic foundation he runs with French Gates. These allow investors to get stared with as little as $10,000. Those people are upset, but there are others that are just livid about this.. (AP). 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. In fact, he reportedly owns more farmland than any other individual in America. Official: Michigan State gunman had note threatening 2 New Jersey schools. Officially, the general public doesnt know exactly what Bill Gates growing farmland estate is being used for. AcreTrader has carved out a niche for themselves that has led to rapid market dominance. Who owns the most farmland in the world? False. Climate Connection. 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. Who knows. 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. Gates believes that subsistence farmers and impoverished peoples will be among the most affected by climate change. Bill Gates and his estranged wife Melinda Gates have accumulated more than 269,000 acres of farmland across 18 American states. The other major crops oats and forages are mostly fed to livestock on farms in the area. Does this investment say anything about the state of the. 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. 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. North Dakotans are outraged as Bill Gates, the largest private farmland owner in the US, apparently buys a $13.5 million potato farm Dominick Reuter Jun 24, 2022, 8:13 AM Leon Neal/Getty. 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 and his investment team own more than 240,000 acres, as reported by O'Keefe, including 2,167 acres in Michigan. From the beginning, Cascade Investments focused on blue chip defensive stocks, including Four Seasons, Berkshire Hathaway, Coca Cola, and more. Chicken nuggets and cream cheese grow in trays in a South Side lab. The Gates Foundation has seen steady success and growth since their launch, funding science, research, agriculture and education. Digital IDs were given to residents in East Palestine, Ohio, to track long term health problems like difficulty breathing before the Feb. 3 train derailment. 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. How many farms Does Bill Gates Own? Bill Gates, and the Chinese, are not just buying up farm land for that purpose. - Farmland Riches where is bill gates' farmland in michigan. 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. 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). You either had to directly buy the land, pony up millions to participate in a fund or purchase farmland via a REIT. While Gates does not own the majority of U.S. farmland, he is the largest private farmland owner, according to The Land Report. Bill Gates owns massive parcels of farmland. The tweet had gathered over 215,000 likes at the time of writing. What Returns Should You Expect From Farmland Investing? Farmland REITs have a high degree of correlation with the overall stock market, and returns tend to be lower than less liquid farmland investments. Since 2020, Gates has held the title of the nations largest private farmland owner, per The Land Report. A Grimmway Farms employee moves a water pipe at one of their carrot farms in the Antelope Valley. 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. With all of this recent farmland accumulation, one might think Gates is using this land to research these gene edited super seeds. Breitbart News reporter Alana Mastrangelo wrote: Gates is now Americas largest private farmland owner, with hundreds of thousands of acres spanning across 19 U.S. states, according tothe Land Report. His idea, like many others, was to diversify his investments across different asset classes. TheNew York Post reportsthat public records recently cited by AgWeek reveal that an entity called Red River Trust with links to billionaire Bill Gates recently purchased 2,100 acres of potato farmland in northern North Dakota, prompting state officials to intervene after complaints from local residents. 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. An ingredient in some of Chick-fil-As dipping sauces can cause serious health problems. Thetech billionaire owns69,071 acres inLouisiana,47,927 acres inArkansas, and 20,588 acres inNebraska. Are you ready for alternative proteins made from a volcanic microbe? Top editors give you the stories you want delivered right to your inbox each weekday. Bill left most of his professional work at Microsoft at this time to work with Melinda and the foundation. 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. According to 2021 article from the Land Report, a magazine about land ownership, Gates owns approximately 242,000 acres of farmland. 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). Will Bill Gatess green tech initiatives ever intersect with his growing agricultural empire? How Old Do I Have To Be To Go To A Strip Club In Michigan? He has invested in multiple companies developing artificial or plant-based alternatives to meat, but he supports chicken farming and agricultural development. According to O'Keefe, Gates isn't the only one making moves on the farmland market, especially as farm real estate value s nationwide increased 7% from 2020 to $3,390 per acre. Land Values: Here's a look at the top 10 absentee landowners in central Illinois, and where they own farmland. KX News' Josh Meny sat down with Vogel who says the Attorney General's office is impeding her investigation into the purchase. Oversight," June 15, 2018, The Chicago Tribune, "Chicken nuggets and cream cheese grow in trays in a South Side lab. "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. By clicking Sign up, you agree to receive marketing emails from Insider But unlike those men, Gilbert has plans to redevelop his properties and not just sit on them. The figure is far below the total area of U.S. farmland. St. Petersburg, FL Follow him on Twitter@LucasNolanor contact via secure email at the addresslucasnolan@protonmail.com, EconomyPoliticsTechBill GatesFarmersfarmlandNorth Dakota. 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. Today, Bill Gates owns 242,000 acres of farmland in 19 states. Gates, currently the sixth-richest person in the world, has a net worth of $111 billion, according to the Bloomberg Billionaires Index. The publication named Gates the countrys largest private farmland owner in 2020, 2021 and 2022. The 2,100 acre potato farm adds to his massive portfolio of farm investments. Mar 4, 2009. Please let us know if you're having issues with commenting. 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. These claims are not true. 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 and his wife own 269,000 acres of farmland. This position in Microsoft was quickly funneled by Cascade Investment into this long term growth strategy. In 1994, Bill Gates opened up his family office, Cascade Investment LLC, with trusted wealth manager Michael Larson. One such rumor claimed that there had been an unusual number of fires at food processing facilities in 2022. Bill Gates investments in farmland can be seen as part of this trend. 242,000 Acres: Bill Gates Now The Largest Owner Of Farmland In America. These subsistence farmers can order equipment and seeds they need, paying what they can over a longer period of time. FILE - Bill Gates attends a discussion during the 'Munich Security Conference' in Munich, Germany, Friday, Feb. 18, 2022. Billionaire Bill Gates explains why he buys a lot agricultural land - Photo: BENZINGA. He has been buying thousands of acres across America. Farmland as an investment offers low volatility. However, Microsoft wasn't Bill Gates' only successful venture. According to a 2022 report from the U.S. Department of Agriculture and the National Agriculture Statistics Service, there are 895,300,000 acres of farmland in the U.S. Gates owns roughly 242,000 acres, about 0.03% of the total. He recently tried to explain why, and it was a little hard to follow. Purchasing your own farm outright means that you are not diversified across many farms; just 1. The mogul's holdings include large tracts in Illinois, Iowa, Louisiana, California, and about a dozen other states. 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. The report states that Gates has 70,000 acres of land in North Louisiana where they grow soybeans, corn, cotton. Sign up for notifications from Insider! Bill Gates BlackRock is a shareholder in both companies (here) (here). 3. Does Michigan Allow Personal Tax Exemptions? 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 . He had accumulated more than 269,000 acres of farmland across 18 states in less than a decade. By Rebecca . Plum Creek, headquartered in Seattle, Washington, is the largest private landowner in Michigan after purchasing 650,000 acres in 2005. Is Farmland Partners (FPI) A Good Investment? More surprising, however, was the fact that Bill and Melinda Gates own more private farmland . In his annual Reddit AMA Wednesday, Gates was asked why he has bought so much farmland. Our only agenda is to publish the truth so you can be an informed participant in democracy. Read next:Bezos-Backed Startup Lets You Become A Landlord With $100. 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. Age Requirements Most ordinances require, Huckleberries are small bright blue, or dark blue, or black berries which grow wild near marshes in Michigan. Bill Gates is Americas biggest farmer, his 269000 acres farmland grows potatoes and carrots. Who owns the most property in Detroit Michigan? 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. "With more productive seeds we can avoid deforestation and help Africa deal with the climate difficulty they already face. And many of the American farms Gates owns specialize in produce, such as onions, carrots and potatoes, NBC News reported in 2021. Recently, an article in Land Report stated that Bill Gates owns more American farmland than anyone else. These rumors, like the present rumor about Gates buying up the majority of farmland in the United States for nefarious purposes, are all false. 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. 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. 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. North Dakota Agriculture Commissioner Doug Goehring spoke with KFYR, stating that the public reaction to the purchase has been negative. This, combined with holiday demand and continued coronavirus pandemic-related supply-chain pressures, have affected the market. By 2019, the USDA says foreign ownership of U.S. acres exceeded 35.2 million acres, a 60 percent increase from the decade prior. Darren lives in Portland, has a cat, and writes/edits about sci-fi and how our world works. Hes also written about the need for more ways to produce meat without depleting environmental resources. Also, because youre investing in the land itself, your investment not only is quite resistant to depreciation, but also provides some solid tax benefits due to be land ownership. Tue, Feb 28, 2023 LOGIN . 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. As of 2020, industry reports show he owned about 0.027% of U.S. farmland. According to lovemoney.com, the church owns more than 70 million hectares. 2021. Access your favorite topics in a personalized feed while you're on the go. Gates said during a Reddit AMA: My investment group chose to do this. Bill Gates owns a minimum of 242,000 acres of U.S. farmland in Washington, Illinois, Iowa, Louisiana, California and multiple other states. As of 2020, industry reports show he owned about 0.027% of U.S. farmland. Our state produces about 75 percent of the nations tart cherry crop. 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. The report states that Gates has 70,000 acres of land in North Louisiana where they grow soybeans, corn . Best Farmland Investing Platforms Non-Accredited, Best Canadian Farmland Investing Platforms. So why does Bill Gates, and other billionaires like him, keep buying up so much farmland? 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. 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. Stay up to date with what you want to know. In a 2020 blog post, he wrote, "The rich should pay more than they currently do, and that includes Melinda and me.". The report states that Gates has 70,000 acres of land in North Louisiana where they grow soybeans, corn, cotton. Eggs have become expensive and scarce in some parts of the country. In 1999, Cascade Investment made an interesting decision: Gates sold over 7 million personal Microsoft shares to further diversify his portfolio. The old saying about land is they aren't making any more of it. Supply and demand? 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. Photo of electric charging station powered by diesel generator is emblematic of the electric vehicle movement. District of Columbia Gates does own a lot of farmland. Gates' interest in farmland is still strong. What does Weyerhaeuser have to do with Michigan? Over the last decade, Bill Gates has invested in multiple companies, including Beyond Meat and Impossible Foods, that develop plant-based meat alternatives. Neither of these are a perfect option. Which Billionaire Owns The Most Land In The U.S.? Social media users are falsely claiming that Gates owns the majority of U.S. farmland. Where Does Bill Gates Own Farmland in the US. To put it into perspective, if all of Gates land was in one place, it would cover about 25% of Rhode Island. Other noteworthy farmland investors include Ted Turner and Thomas Peterffy. 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.. 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. Gates personal farmland portfolio is managed by Michael Larson and Cascade Investment. Estes, Nick. But there is no evidence these investments are linked to a nationwide shortage in chicken and egg products. An archived version of the tweet can be found (archive.ph/8Tq36). for different crops that have been gene edited to be pest-proof, flood proof, disease proof, and climate change-resistant. 11 Jan. 2021, https://landreport.com/2021/01/bill-gates-americas-top-farmland-owner/. 33701 Another meme circulating online reads: Bill Gates is buying all the farmland. It is unclear how cheap biofuels can be but if they are cheap it can solve the aviation and truck emissions.". In 2016, he wrote on his blog about the benefits of raising chickens, particularly for people living in poverty. 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. 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. 2022. One main benefit to alt assets especially for those whore heavily invested in the stock market is, another scenario where more traditional assets like stocks and, Also, because youre investing in the land itself, your investment not only is quite resistant to depreciation, but also provides some, Theres a lot of little benefits that stack up when talking about farmland, but the biggest is likely the fact that, American farmland produces a lot of exports, exposing you to political risks, Its a little harder to break into farmland than other assets, though this is changing, In the same way you can invest into ETFs (Exchange Traded Funds) in the stock market, there exist similar products for farmland called, Bill and Melinda released their latest initiative, , While the global climate change initiative is trying to reduce total emissions by the year 2050, the year 2030 is also important. Nebraska has the third-most Gates-owned farmland in the nation. Some of the links on this site are affiliate links. Bill Gates buys farmland in Amish Country. Water bills are soaring in some areas as infrastructure deteriorates, a recent University of Michigan study found. How long is it from Michigan to Detroit? 801 3rd St. S 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. We need your help. NOW WATCH: Bill Gates has a net worth of over $96 billion here's how he makes and spends his money. 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).

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