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. Other factors are pandemic-related supply chain issues andholiday demand. Bill is now the biggest owner of farmland in 2022 a great hedge asset against rising inflation. 22. In fact, he reportedly owns more farmland than any other individual in America. Gates, currently the sixth-richest person in the world, has a net worth of $111 billion, according to the Bloomberg Billionaires Index. Farmland REITs have a high degree of correlation with the overall stock market, and returns tend to be lower than less liquid farmland investments. Sign up for notifications from Insider! Egg prices havent come down with inflation. 242,000 Acres: Bill Gates Now The Largest Owner Of Farmland In America. Any why now after years of massive success? Benzinga does not provide investment advice. Michigan Muslim Group Warns State That LGBTQ Bill Might Be Unconstitutional CAIR has objected to the Michigan Senate's passage of an expanded version of a state human-rights law protecting LGBTQ . Prime soils and the moderating, Best Strip Clubs For 18 And Over in Detroit, Michigan. 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. Well, as with everything in life, there is always a trade-off especially in finance. Returns from farmland have actually outpaced the stock market in recent years with significantly less volatility. As reported by Bloomberg . 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.. In addition, the law places certain limitations on the ability of trusts to own farmland or ranchland, the letter said. Since 2020, Gates has held the title of the nations largest private farmland owner, per The Land Report. Over time, Gates sold personal stock in Microsoft and reinvested it through Cascade Investment. More surprising, however, was the fact that Bill and Melinda Gates own more private farmland . Plum Creek, headquartered in Seattle, Washington, is the largest private landowner in Michigan after purchasing 650,000 acres in 2005. 727-821-9494. stated on January 22, 2023 in an Instagram post: The U.S. chicken and egg shortage is linked to Bill Gates. Of those states, Gates owns the most land in Louisiana, where he is proprietor of more than 69,000 acres. Who knows. 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. BlackRock is a shareholder in both companies (here) (here). Tue, Feb 28, 2023 LOGIN . Other noteworthy farmland investors include Ted Turner and Thomas Peterffy. Former Microsoft CEO Bill Gates owns a majority of America's farmland. The No. In a 2020 blog post, he wrote, "The rich should pay more than they currently do, and that includes Melinda and me.". The Consumer Price Index shows chicken prices, including fresh whole chicken and fresh or frozen chicken parts, have increased 11% over the last year. In his Reddit AMA last year, one user said, "What do you plan to do with all the farmland you have purchased? 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. Chicken nuggets and cream cheese grow in trays in a South Side lab. He created the pledge in 2010 with his then-wife, Melinda French Gates, and his close friend and Berkshire Hathaway CEO, Warren Buffett. Microsoft co-founder Bill Gates is America's top private farmland owner. While there are currently no nationwide food shortages in the United States, nor widespread disruptions in the supply chain, the potential of such shortages caused many people to feel that their food security was suddenly uncertain. Suggests virologists death is linked to COVID-19 vaccines. How old do you have to be to strip? 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 . Toxic chemicals known as PFAS, or per- and, 2 hours, 2 minutes. Business entities have, however, been increasing their presence as owners of rental properties. The Gates Foundation has seen steady success and growth since their launch, funding science, research, agriculture and education. 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. 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 other major crops oats and forages are mostly fed to livestock on farms in the area. China has steadily accumulated U.S. Treasury securities over the last few decades. He had accumulated more than 269,000 acres of farmland across 18 states in less than a decade. Accessed 28 Apr. While the Gates' own a lot of farmland, nonfarmers own 283 million acres of farmland throughout the U.S. He also reportedly owns about 16,000. 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. 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. What is the most profitable crop in Michigan? Sign up for notifications from Insider! Bill Gates owns about 400 acres of farmland outside of Malmo, Nebraska, that he rents to a local farmer. We need your help. AREA 8 CASH CROPS AND DAIRY Area 8 is the leading cash crop area in Michigan. Why? The Guardian, 5 Apr. If Not for Climate, Then Why Is Bill Gates Buying so Much Farmland? AFN, 27 Aug. 2021, https://agfundernews.com/gates-if-not-for-climate-then-why-is-bill-buying-up-so-much-farmland. Hearst Magazine Media, Inc. All Rights Reserved. Hes also written about the need for more ways to produce meat without depleting environmental resources. Partnering with Monsanto to create these super seeds is also part of the plan. Oct 22, 2014. There were 895.3 million acres of farmland in America in 2021, according to a 2022 reportfrom the Department of Agriculture. F' off Gates! 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. Bill Gates and conspiracy theories go together like peanut butter and jelly. Our Standards: The Thomson Reuters Trust Principles. What Part Of Michigan Is Considered The Upper Peninsula? The Bureau of Labor Statistics latest update shows egg prices rose 60% over the last year. The billionaire cant seem to do anything without drawing the conspiratorial ire of online netizens. 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 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. Bill Gates owns more private farmland in the US than anyone else, an analysis by The Land Report found. That's a ginormous deal, one that pencils out to almost $12,000 per acre for a whole lot of acres. 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. He owns significantly more farmland than Minnesota's Offutt family and California's Resnick family, which each own 190,000 acres and rank second equal on the list. 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. 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. Neither of these are a perfect option. North Dakota Agriculture Commissioner Doug Goehring spoke with KFYR, stating that the public reaction to the purchase has been negative. His largest holding is in Louisiana (69,071 acres), followed by Arkansas (47,927 acres) and Arizona (25,750 acres). But that's just a portion of the vast holdings Gates and his ex-wife, Melinda French Gates, own from sea to shining sea. 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. Alongside his investments, Gates has also purchased farmland in at least 19 states, according to The Land Report. Momentum accelerated during the 2008-2009 Great Financial Crisis, when investors grew desperate for alternatives to traditional safe haven investments like bonds and gold. 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. He has also been aproponent of chicken farming. . Our state produces about 75 percent of the nations tart cherry crop. As per the Land report and NBC report, Gates has farmlands in Louisiana, Nebraska, Georgia and other areas. Owning farmland is one of the most prudent financial investments to make now. 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. What Bill Gates has to do with livestock, lab-grown meat, Eggflation? AcreTrader has carved out a niche for themselves that has led to rapid market dominance. The Guardian, https://www.theguardian.com/commentisfree/2021/apr/05/bill-gates-climate-crisis-farmland. Of those states, Gates owns the most land in Louisiana, where he is proprietor of more than 69,000 acres. Because of this crucial factor inherent to farmland, it also tends to provide better, consistent returns during times where inflation rises another scenario where more traditional assets like stocks and real estate suffer in. By divesting his personal wealth from his own thriving tech company, and diversifying into myriads of other non-tech based businesses, he was not only exceptionally protected against the tech crash of 2000, but made out like a bandit. "Our office needs to confirm how your company uses this land and whether this use meets any of the statutory exceptions," the letter said. The mogul's holdings include large tracts in Illinois, Iowa, Louisiana, California, and about a dozen other states. In reality, the number of fires was not extraordinary, the causes of the fires were not unusual, and the damage caused by the fires was minimal. The total portfolio of farmland is worth well over $700 million. (Read more about our partnership with Meta, which owns Facebook and Instagram.). 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. However, there are also countless farmland investing platforms gaining traction now too. Distance from Michigan to Detroit The shortest route between Michigan and Detroit is, Michigan law is absolutely clear that an adult over the age of 21 shall not sell or furnish alcohol to a minor. 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. These claims are not true. 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 (here). 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. You either had to directly buy the land, pony up millions to participate in a fund or purchase farmland via a REIT. The report states that Gates has 70,000 acres of land in North Louisiana where they grow soybeans, corn, cotton. RELATED: What Bill Gates has to do with livestock, lab-grown meat, RELATED: Eggflation? While the global climate change initiative is trying to reduce total emissions by the year 2050, the year 2030 is also important. The Gates have been quietly acquiring farmland through their investment manager, Cascade Investment, for over 10 years. Stay up to date with what you want to know. He recently tried to explain why, and it was a little hard to follow. . as well as other partner offers and accept our. But the fact remains, as the Daily Mail notes, Gates computer "nerd" and vaccination enthusiast "has been revealed as the biggest private owner of farmland in the US, after buying up 242,000 acres in 18 states.". Stay up to date with what you want to know. While private companies and corporations are increasing their ownership of U.S. homes, BlackRock, through its investments, does not own a majority of single-family homes. Farmland is what is known as an alternative asset an investment that can grow wealth outside of the stock market. This is because of more intense seasons of drought and rain. Try the tool that will help you invest smarter, faster, and better. 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. Louisiana is the top state. St. Petersburg, FL Gates does own a lot of farmland. Is Farmland Partners (FPI) A Good Investment? "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?" Based on Bill Gates budding friendship with Warren Buffett, Cascade adopted much of Buffets approach to investing: invest in good companies, and hold long term to see healthy returns. 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. 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. It is unclear how cheap biofuels can be but if they are cheap it can solve the aviation and truck emissions. 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. The Gates Foundation has focused their efforts on alleviating the aftermaths of climate change since its founding. Bill Gates (AP Images) Bill Gates is buying up America's farmland. Who is the largest farmer in the United States? It is unclear how cheap biofuels can be but if they are cheap it can solve the aviation and truck emissions." Back in January, US magazine The Land Report revealed that Bill and Melinda Gates have amassed the largest portfolio of private farmland in the US, comprising an estimated 242,000 acres. The publication named Gates the countrys largest private farmland owner in 2020, 2021 and 2022. Bill Gates was right when he sold his own Microsoft stock to diversify through Cascade in 1994. In January 2021, Bill Gates became the largest owner of farmland in the United States. This, combined with holiday demand and continued coronavirus pandemic-related supply-chain pressures, have affected the market. The transitional land he owns in Arizona is reportedly being built into a suburb .. In fact, Gates is the owner of over 270,000 acres of farmland, which is worth over $700 million! To put that into perspective, if you put all of the land that Gates owns into one place (his holdings are spread throughout the country), you'd cover an area about a quarter the size of Rhode Island. Corn production is concentrated in the Lower Peninsula with Saginaw and Lenawee counties as Michigans largest producers. Bill Gates is best-known for cofounding Microsoft, but he's also a major US landowner, having bought 275,000 acres of farmland. This is a sponsored promotion for the AcreTrader platform. This position in Microsoft was quickly funneled by Cascade Investment into this long term growth strategy. Now Chinese companies and businessmen are planning to make their home in the United States. 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). In the Reddit AMA, he also said he'll sell what he owns as money goes towards the foundation. Talk about big bets. 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. 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.. Gates is just using farmland to make Agri-Tech and financial investments. False. It's not part of his plans to save the planet. Billionaire Bill Gates explains why he buys a lot agricultural land - Photo: BENZINGA. Purchasing your own farm outright means that you are not diversified across many farms; just 1. 420,000 acresBill and Melinda Gates prior to their divorce accumulated roughly 270,000 acres of farmland in less than a decade. 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. 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. 41 on The Land Report's 2022 list of Americans who own the most land. Investors from the Netherlands own 33% of that land with Canadians owning 25%. Estes, Nick. 2022. In fact, in June of 2022 he secured an additional 2,100 acres of farmland in North Dakota for roughly $13.5 million. The major cash crops are field beans, sugar beets, corn and wheat. 2,167 acres. Social media post scrambles the facts on high egg prices, Gateway Pundit, "Bill Gates Invested In Artificial Eggs a Decade Before Egg Shortage," Jan. 24, 2023, PolitiFact, "What Bill Gates has to do with livestock, lab-grown meat," May 18, 2020, PolitiFact, "Eggflation? Bill left most of his professional work at Microsoft at this time to work with Melinda and the foundation. It is unclear how cheap biofuels can be but if they are cheap it can solve the aviation and truck emissions.". Heres why. While BlackRock does not directly own single-family houses, as the worlds largest asset manager (here), it owns stock in companies that do. Agriculture and the National Bureau of Agricultural Statistics, in the United States there are 362,315,055 hectares of farmland. 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. Wonderful Company cofounders Stewart and Lynda Resnick (net worth: $7.1 billion) ranked number three . Bill Gates does not own the majority of U.S. farmland. Amazon founder Jeff Bezos . Bill Gates owns a ton of farmland in the United Statesas in, about 270,000 acres. In 2020, there were 166 such funds globally, nearly a 9x increase from only 19 in 2005. 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 fact, Gates is the owner of over. The agriculture sector is important. Since it works as an investment for him, it also includes the benefits of using land as an . Click here to view current offerings on AcreTrader! In their Big Bet, they recognize that the impoverished people stand to be impacted the most by these changes. 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. Then, on Tuesday, the North Dakota attorney general's office sent a letter to the Red River Trust notifying a trustee, Peter Headley, of a Depression-era rule barring companies, LLCs, and trusts from farming and ranching activities in the state. Why am I just learning about this NOW?. American Homes 4 Rent holds around 57,024 single-family properties (here). If youve been on the fence about getting into farmland, maybe now is the time to reconsider. In the past 20 years, the foundation has grown to hold over $48 billion. Gates and his investment team own more than 240,000 acres, as reported by OKeefe, including 2,167 acres in Michigan. State law prohibits corporations, LLCs, and trusts from farming or ranching activities. According to 2021 article from the Land Report, a magazine about land. North Dakota officials have questions and residents are furious about a major land grab by a trust linked to billionaire and anti-meat zealot Bill Gates, the nation's biggest owner of farmland. Water bills are soaring in some areas as infrastructure deteriorates, a recent University of Michigan study found. Real estate investors overall have also been increasingly targeting single-family homes. 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. Hint, It's Not Bill Gates. This isn't the first time Gates has called for higher taxes on the wealthy. 801 3rd St. S Who owns the most farm ground in the US? These states include: Arizona - 25,750 acres; Arkansas - 47,927 acres . Weyerhaeuser purchase Plum Creek in 2015 for over $8 Billion! In the past, Gates has invested in companies developing artificial or plant-based alternatives to meat, and he is currently the countrys largest private farmland owner, according to The Land Report, a magazine that surveys the countrys largest landowners annually. Are you ready for alternative proteins made from a volcanic microbe?," March 24, 2020, NPR, "Why Bill Gates Is Investing In Chicken-Less Eggs," June 13, 2013, CNN, "Memphis Meats raised $161 million to grow meat from cells," Jan. 22, 2020, Insider, "Bill Gates and Richard Branson backed a food startup which grows meat in labs," Aug. 23, 2017, CNBC, "How Beyond Meat became a $550 million brand, winning over meat-eaters with a vegan burger that bleeds'," Jan. 21, 2019, Quartz, "Bill Gates headlines an all-star list of investors pumping $75 million into meatless burgers," Aug. 2, 2017, CNBC, "How Impossible Burgers simple vision won hundreds of millions in funding and backing from Bill Gates," March 7, 2019, The Washington Post, "Egg prices havent come down with inflation. stated on February 13, 2023 in a Facebook post, Gates investments in plant-based meat and farmland. 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. Bill Gates owns massive parcels of farmland. (here) (here). 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. A Grimmway Farms employee moves a water pipe at one of their carrot farms in the Antelope Valley. 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. Nancy Pelosi (purchased) 10,000 shares of Amgen, manufacturer of Nplate, a drug used to treat radiation sickness.. During his 11th appearance in the "Ask Me Anything" . False. 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. However, this practice of buying up agricultural land predates Bill Gates and has been a popular investment for the super-rich since at least the early 2000s. (AP). The figure is far below the total area of U.S. farmland. 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. 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. Since its IPO in 1985, Microsoft has seen continual success. 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. What they are doing locking up land, not just private land, but in Wilderness Areas, National anything to do with land, Conservation programs that literally pay farmers, dairymen, etc. 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. 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. Recently, an article in Land Report stated that Bill Gates owns more American farmland than anyone else. 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. 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. The cost of chicken has also gone up, although not as drastically. Access your favorite topics in a personalized feed while you're on the go. But there is no evidence these investments are linked to a nationwide shortage in chicken and egg products. 33701 So while Dan Gilbert owns the most property downtown, his 30-odd buildings seem small compared to what Kelly, Tatarian, Moroun, and others own. Official: Michigan State gunman had note threatening 2 New Jersey schools. Gates' interest in farmland is still strong. Climate Connection. - Farmland Riches where is bill gates' farmland in michigan. 28. The report states that Gates has 70,000 acres of land in North Louisiana where they grow soybeans, corn, cotton.
