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.. Gates does own a lot of farmland. 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. 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). 242,000 Acres: Bill Gates Now The Largest Owner Of Farmland In America. The Gates have been quietly acquiring farmland through their investment manager, Cascade Investment, for over 10 years. No one but Bill Gates knows that answer. Where Does Bill Gates Own Farmland in the US. Although Gates owns these farms, he isnt changing their practices. An entity linked to billionaire Bill Gates has reportedly purchased 2,100 acres of potato farmland in northern North Dakota angering local residents. 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. Amazon founder Jeff Bezos . Alongside his investments, Gates has also purchased farmland in at least 19 states, according to The Land Report. Bill Gates: Americas Top Farmland Owner | The Land Report. Nancy Pelosi (purchased) 10,000 shares of Amgen, manufacturer of Nplate, a drug used to treat radiation sickness.. Plum Creek, headquartered in Seattle, Washington, is the largest private landowner in Michigan after purchasing 650,000 acres in 2005. According to 2021 article from the Land Report, a magazine about land. It reported that as of 2022, Gates owned about 248,000 acres of farmland. Gates is not the only billionaire on The Land Report 's list of top private farmland owners. Washington, DC 22. Mar 4, 2009. 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. His . The transitional land he owns in Arizona is reportedly being built into a suburb. Our only agenda is to publish the truth so you can be an informed participant in democracy. Bill Gates owns massive parcels of farmland. Gates owns less than 1% of the nations farmland. Gates started purchasing farmland circa 2013 through his investment group, Cascade Investments. There were 895.3 million acres of farmland in America in 2021, according to a 2022 reportfrom the Department of Agriculture. 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.. While the Gates' own a lot of farmland, nonfarmers own 283 million acres of farmland throughout the U.S. Neither of these are a perfect option. Pregnancy tests include a hidden Plan B pill. Youre not investing in a building that will decay over time, but the rich farmland itself. But the fact remains, as the Daily Mail notes, Gates computer "nerd" and . However, there are also countless farmland investing platforms gaining traction now too. Today, Bill Gates owns 242,000 acres of farmland in 19 states. There isn't some grand scheme involved - in fact all these decisions are made by a professional investment team.". You either had to directly buy the land, pony up millions to participate in a fund or purchase farmland via a REIT. 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. To put it into perspective, if all of Gates land was in one place, it would cover about 25% of Rhode Island. Across the nation, Gates' affiliates . 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. The Detroit Land Bank Authority (DLBA) is a public authority that owns and manages approximately 100,000 parcels of property in the City of Detroit making it the citys largest landowner.Detroit Land Bank Authority. FPI is internally managed and the company owns farms in 16 states, including Alabama, Arkansas, California, Colorado, Florida, Georgia, Illinois, Kansas, Louisiana, Michigan, Mississippi,. Gates said during a Reddit AMA: My investment group chose to do this. 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. By Dec. 31, 2022, the Agriculture Department reported 43 million egg-laying hens had died because of the disease or depopulation. I have invested in these farms to make them more productive and create more jobs. St. Petersburg, FL 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. Michigan. Follow him on Twitter@LucasNolanor contact via secure email at the addresslucasnolan@protonmail.com, EconomyPoliticsTechBill GatesFarmersfarmlandNorth Dakota. He responded that it was a decision his investment group made. Recently, an article in Land Report stated that Bill Gates owns more American farmland than anyone else. 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. The tech billionaire owns 69,071 acres in Louisiana, 47,927 acres in Arkansas, and 20,588 acres in Nebraska. 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. According to Mother Jones, the average price of farmland increased six times from 1940 to 2015, and the trend is likely to continue as the amount of arable land in the U.S. continues to shrink from climate-related pressures. The portion of land that isn't owned by farmers varies widely regionally; in some areas, almost 80 percent of agricultural land is held by non-operators. NOW WATCH: Bill Gates has a net worth of over $96 billion here's how he makes and spends his money. What Asset Class Is Farmland Considered To Be? Owning farmland is one of the most prudent financial investments to make now. 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. In this short period of time, there was a proliferation in funds that were specifically focused on farmland investing. What special interest does Bill Gates have in farmland? Donald Trump is back on Twitter, thanks to Elon Musk. Read also:Which Billionaire Owns The Most Land In The U.S.? Heres why. Now Chinese companies and businessmen are planning to make their home in the United States. Sign up for our newsletter for the latest tech news and scoops delivered daily to your inbox. Agriculture and the National Bureau of Agricultural Statistics, in the United States there are 362,315,055 hectares of farmland. The 2,100 acre potato farm adds to his massive portfolio of farm investments. It has been very fulfilling for me and is my full time job," Gates continued. While Gates does not own the majority of U.S. farmland, he is the largest private farmland owner, according to The Land Report. While private companies and corporations are increasing . Land Values: Here's a look at the top 10 absentee landowners in central Illinois, and where they own farmland. Over time, Gates sold personal stock in Microsoft and. AcreTrader is one of the most well-established farmland crowdfunding platforms out there. Due climate change, dry seasons will be drier, and wet seasons will be more intense, and bring more flooding. This article was produced by the Reuters Fact Check team. Farmland has some natural built-in drawbacks for all of the built-in benefits: Just 20 years ago, it was difficult to invest in farmland if you werent already independently wealthy. In a 2020 blog post, he wrote, "The rich should pay more than they currently do, and that includes Melinda and me.". In 2018, Michigan produced 297 million bushels of corn grain, worth $1 billion. In a March 2021 "Ask Me Anything" session on Reddit, Gates was asked why he had purchased so much farmland. We invest in the farms to raise productivity. In a statement to Reuters, editor of The Land Report and author of the article published by the outlet on farmland owned by Gates, Eric O Keefe, called the claim absurd.. 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. However, when you read between the lines with an objective and open mind, one can infer much. Not all of these owners are American; in fact, the portion of farmland that is foreign-owned has grown about 60 percent in the last decade, from 22 million acres in 2009 to 35.2 million . 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. Farmland as an investment offers low volatility. The counties with the most total acres of foreign-owned ag land are Keweenaw, Baraga and Alger. Amazon founder and chairman Jeff Bezos has amassed 420,000 acres in recent years. A Grimmway Farms employee moves a water pipe at one of their carrot farms in the Antelope Valley. 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. Who owns the most property in Detroit Michigan? 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. "Those people are upset, but there are others that are just livid about this.". In April 2022, researchers warned about the potential risk of a global food shortage, spurred on in part by Russia's ongoing attacks on Ukraine. Business entities have, however, been increasing their presence as owners of rental properties. 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. 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). 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. Chicken nuggets and cream cheese grow in trays in a South Side lab. This is a sponsored promotion for the AcreTrader platform. ", Gates responded at the time, "My investment team bought the farmland. Every single Republican blocked Ketanji Brown Jacksons SCOTUS appointment.. Oversight," June 15, 2018, The Chicago Tribune, "Chicken nuggets and cream cheese grow in trays in a South Side lab. It was near-perfect timing too, as 2000 would quickly see the infamous tech crash of dot com stocks. 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.". Gates' achievement, according to the report, is that he's largest private owner of farmland in the US. Any why now after years of massive success? 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. 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 The 2,100 acre potato farm adds to his massive portfolio of farm investments. Table of Contents show (Read more about our partnership with Meta, which owns Facebook and Instagram.). 2022. Where farmland differs from other alt assets is that because its such a crucial human resource (food = humans), in less-than-desirable economic situations, farmland tends to appreciate even further in value, as opposed to losing value (I.E., during a dreaded stock market crash). Breitbart News previously reported that Gates is Americas largest private owner of farmland. 1800 I Street NW F' off Gates! North Dakota Agriculture Commissioner Doug Goehring spoke with KFYR, stating that the public reaction to the purchase has been negative. Contacted by Reuters, a BlackRock spokesperson said: BlackRock is not buying single-family homes and is not competing with individuals to purchase houses in America.. as well as other partner offers and accept our. Accessed 28 Apr. (AP). 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). Cascade Investment began purchasing farmland in significant strides in 2013. These claims are not true. Social media posts blame Gates investments in plant-based meat alternatives and his status as the nations largest private farmland owner for triggering the countrys current chicken and egg shortages. These states include: Arizona - 25,750 acres; Arkansas - 47,927 acres . 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. That purchase of Plum Creek makes Weyerhaeuser the largest private landowner in Michigan, as of now. Bill Gates buys farmland in Amish Country. 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. Interestingly enough, though the Bill and Melinda Gates Foundation is working on this agriculture initiative. In Washington, the duo owns more than 14,000 acres of farmland that includes potato . Hint, It's Not Bill Gates. Weyerhaeuser purchase Plum Creek in 2015 for over $8 Billion! 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. In addition, the law places certain limitations on the ability of trusts to own farmland or ranchland, the letter said. Bill Gates, and the Chinese, are not just buying up farm land for that purpose. Bill Gates does not own the majority of U.S. farmland. The figure is far below the total area of U.S. farmland. 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. The Bureau of Labor Statistics latest update shows egg prices rose 60% over the last year. Roman Catholic Church: 70 million hectares The largest landowner in the world is not a major oil magnate or a real estate investor. According to the Tri-City Herald, a 14,500-acre swath of choice eastern Washington farmland in the Horse Heaven Hills of Benton County had just traded hands for almost $171 million. 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 . Bill Gates Is the Biggest Private Owner of Farmland in the United States. as well as other partner offers and accept our. The billionaire philanthropist Bill Gates, America's largest farmland owner, apparently bought a potato farm in North Dakota, and local residents aren't too happy about it. In fact, he reportedly owns more farmland than any other individual in America. It is unclear how cheap biofuels can be but if they are cheap it can solve the aviation and truck emissions. Just over 70% of these were owned by individual investors. Try the tool that will help you invest smarter, faster, and better. So, what's the interest in farmland? 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. 420,000 acresBill and Melinda Gates prior to their divorce accumulated roughly 270,000 acres of farmland in less than a decade. Snopes and the Snopes.com logo are registered service marks of Snopes.com. According to the Harvard Joint Center for Housing Studies (JCHS) (here), using data of the Rental Housing Finance Survey, between 2001 and 2018 the proportion of rental properties owned by non-individual investors, which include partnerships, trustees for estate, real estate corporations, real estate investment trusts, and other entities, increased from 18% to 26%. Climate Connection. AREA 8 CASH CROPS AND DAIRY Area 8 is the leading cash crop area in Michigan. You can find his previous stuff at Gizmodo and Paste if you look hard enough. 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. Document shows Rebekah Jones demonstrated a violation of Floridas Whistleblower Act. Bill Gates speaks during the Global Fund's Seventh Replenishment Conference, Wednesday, Sept. 21, 2022, in New York. Why? The Guardian, 5 Apr. Bill Gates owns more private farmland in the US than anyone else, an analysis by The Land Report found. The publication named Gates the countrys largest private farmland owner in 2020, 2021 and 2022. Bill Gates and his estranged wife Melinda Gates have accumulated more than 269,000 acres of farmland across 18 American states. Gates responded: "I own less than 1/4000 of the farmland in the US. You're looking into Bill Gates' Red River Trust purchase of . This position in Microsoft was quickly funneled by Cascade Investment into this long term growth strategy. They ripen in late July and early. About 350,000 acres of the U.S. government land in Hawaii were kept for military installations and national parks. "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. 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. Accessed 28 Apr. 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. February 27, 2023, 11:49 AM. Farmland in am. Sign up for notifications from Insider! This is especially helpful if, say, the stock market crashed, and you had a more aggressive stock portfolio (or any large stake in stock at all). According to a January 2021 article by The Land Report, Gates owned 242,000 acres of farmland through two investment management firms - Cottonwood Ag Management and Cascade Investment (here). In 2000, the new Gates foundation launched with Bill, Melinda, and Warren Buffet on the trustee board. This material may not be reproduced without permission. Over time, Gates sold personal stock in Microsoft and reinvested it through Cascade Investment. 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). All rights reserved. In his annual Reddit AMA Wednesday, Gates was asked why he has bought so much farmland. Why Bill Gates Is Investing In Chicken-Less Eggs, Memphis Meats raised $161 million to grow meat from cells, Bill Gates and Richard Branson backed a food startup which grows meat in labs, How Beyond Meat became a $550 million brand, winning over meat-eaters with a vegan burger that bleeds', Bill Gates headlines an all-star list of investors pumping $75 million into meatless burgers, How Impossible Burgers simple vision won hundreds of millions in funding and backing from Bill Gates. However, Microsoft wasn't Bill Gates' only successful venture. We need your help. What Land Does Bill Gates Own In Michigan? The agriculture sector is important. Don't miss real-time alerts on your stocks - join Benzinga Pro for free! How much land does Russia own in the United States? Will Bill Gatess green tech initiatives ever intersect with his growing agricultural empire? The figure cited by The Land Report was subsequently reported by major news outlets including Business Insider and Forbes (here), (here). 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.
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