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 . 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. 1995 - 2023 by Snopes Media Group Inc. 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. He has also been aproponent of chicken farming. Gates is just using farmland to make Agri-Tech and financial investments. Ive gotten a big earful on this from clear across the state, its not even from that neighborhood, said Goehring. Youre not investing in a building that will decay over time, but the rich farmland itself. 309. 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. 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. Interestingly enough, though the Bill and Melinda Gates Foundation is working on this agriculture initiative. The Gates Foundation isnt the entity utilizing the land, but rather just Bills family office. AcreTrader has carved out a niche for themselves that has led to rapid market dominance. Climate Connection. 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. Our state produces about 75 percent of the nations tart cherry crop. According to 2021 article from the Land Report, a magazine about land ownership, Gates owns approximately 242,000 acres of farmland. Across the nation, Gates' affiliates . Neither of these are a perfect option. What Returns Should You Expect From Farmland Investing? 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. Click here to view current offerings on AcreTrader! While much of this land was transferred to the new state of Hawaii in 1959, the federal government did keep some. Today, Bill Gates owns 242,000 acres of farmland in 19 states. 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. Billionaire philanthropist and Microsoft Corp. co-founder Bill Gates has found himself at the center of yet another online conspiracy theory. Bill Gates owns a ton of farmland in the United Statesas in, about 270,000 acres. While the Gates' own a lot of farmland, nonfarmers own 283 million acres of farmland throughout the U.S. Why Bill Gates Is Investing Big Time In Farmland Across Washington And The Country - Northwest Public Broadcasting About Contact Us Coverage Area Our Staff Work With Us Report an Outage Station News Latest Station News Connect Archives Our Stories Download NWPB App TV Schedules Channel Guide Online Schedules Download Schedules Local Programs 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. I have invested in these farms to make them more productive and create more jobs. 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. 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. Former Microsoft CEO Bill Gates owns a majority of America's farmland. No one but Bill Gates knows that answer. The Gates Foundation has focused their efforts on alleviating the aftermaths of climate change since its founding. Is Gladstone Land Corp (LAND) A Good Investment? Mar 4, 2009. There are 94.6 million single-family houses in the United States, according to the latest data available from the U.S. Census Bureau American Housing Survey (2019) (bit.ly/3seI7kV). In his Reddit AMA last year, one user said, "What do you plan to do with all the farmland you have purchased? Officially, the general public doesnt know exactly what Bill Gates growing farmland estate is being used for. These subsistence farmers can order equipment and seeds they need, paying what they can over a longer period of time. 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. 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. The. Perhaps history is repeating itself? There isn't some grand scheme involved - in fact, all these decisions are made by a professional investment team.. 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. The buyer, Red River Trust, is tied to Bill Gates, the largest farmland owner in the US. Heres why. The major cash crops are field beans, sugar beets, corn and wheat. Well, as with everything in life, there is always a trade-off especially in finance. Oversight. Suggests virologists death is linked to COVID-19 vaccines. Amazon founder and chairman Jeff Bezos has amassed 420,000 acres in recent years. Prior to this in 1999, Bill sold off tons of Microsoft stock to diversify. Cascade Investment began purchasing farmland in significant strides in 2013. Gates also owns land in Arizona (25,750 acres), Illinois (17,940),Mississippi (16,963),Washington (16,097), Florida (14,828), Idaho (9,233), Indiana (9,136), Ohio (8,915), California (4,509), Colorado (2,270), Michigan (2,167), Wisconsin (1,188), Wyoming (975), North Carolina (874), Iowa (552), and New Mexico (1). North Dakota Agriculture Commissioner Doug Goehring spoke with KFYR, stating that the public reaction to the purchase has been negative. Download free guide with advice for beginners. Does this investment say anything about the state of the. 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. What Land Does Bill Gates Own In Michigan? Document shows Rebekah Jones demonstrated a violation of Floridas Whistleblower Act. That purchase of Plum Creek makes Weyerhaeuser the largest private landowner in Michigan, as of now. - Farmland Riches where is bill gates' farmland in michigan. How long is it from Michigan to Detroit? The agriculture sector is important," Gates wrote. Weyerhaeuser purchase Plum Creek in 2015 for over $8 Billion! "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. Alongside his investments, Gates has also purchased farmland in at least 19 states, according to The Land Report. In January 2021, Bill Gates became the largest owner of farmland in the United States. Since it works as an investment for him, it also includes the benefits of using land as an . 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). Amazon founder Jeff Bezos . These states include: Arizona - 25,750 acres; Arkansas - 47,927 acres . With more productive seeds we can avoid deforestation and help Africa deal with the climate difficulty they already face. Will Bill Gatess green tech initiatives ever intersect with his growing agricultural empire? Don't miss real-time alerts on your stocks - join Benzinga Pro for free! To put it into perspective, if all of Gates land was in one place, it would cover about 25% of Rhode Island. Follow him on Twitter@LucasNolanor contact via secure email at the addresslucasnolan@protonmail.com, EconomyPoliticsTechBill GatesFarmersfarmlandNorth Dakota. Bill GatesWith almost 269,000 acres, Bill Gates retained his ranking as Americas largest private farmland owner. He has been buying thousands of acres across America. Bill Gates investments in farmland can be seen as part of this trend. Toxic chemicals known as PFAS, or per- and, 2 hours, 2 minutes. Billionaire Bill Gates reportedly shopped for 'hundreds of acres of farmland' in Turkey while vacationing aboard a superyacht that emits an estimated 19 tons of CO2 a day before heading to the . AREA 8 CASH CROPS AND DAIRY Area 8 is the leading cash crop area in Michigan. He recently tried to explain why, and it was a little hard to follow. Since its IPO in 1985, Microsoft has seen continual success. Stay up to date with what you want to know. You either had to directly buy the land, pony up millions to participate in a fund or purchase farmland via a REIT. He has also written on his personal blog about the future of food, the increasing demand for meat as the global population rises and the environmental effects of livestock farming. Are you ready for alternative proteins made from a volcanic microbe? In his annual Reddit AMA Wednesday, Gates was asked why he has bought so much farmland. 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.". 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.. Top editors give you the stories you want delivered right to your inbox each weekday. 22. Due climate change, dry seasons will be drier, and wet seasons will be more intense, and bring more flooding. 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. 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. The Bureau of Labor Statistics latest update shows egg prices rose 60% over the last year. But these companies do not own a majority of U.S. single-family homes. So why does Bill Gates, and other billionaires like him, keep buying up so much farmland? Bill Gates is best-known for cofounding Microsoft, but he's also a major US landowner, having bought 275,000 acres of farmland. As of the latest Rental Housing Finance Survey (2018), there were 19.955 million rental properties in the United States (bit.ly/3FdPtKZ), 17.16 million of them single unit rental properties (bit.ly/3KLCjWH). False. Bill Gates is Americas biggest farmer, his 269000 acres farmland grows potatoes and carrots. Nov 14, 2022. While the global climate change initiative is trying to reduce total emissions by the year 2050, the year 2030 is also important. 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. The Gates Foundation has seen steady success and growth since their launch, funding science, research, agriculture and education. 1 landowner in the U.S. is billionaire John Malone, the chairman of Liberty Media, who tops . AcreTrader is one of the most well-established farmland crowdfunding platforms out there. An entity linked to billionaire Bill Gates has reportedly purchased 2,100 acres of potato farmland in northern North Dakota angering local residents. Sign up for notifications from Insider! Last year, Gates vowed to give away "virtually all" of his fortune to the philanthropic foundation he runs with French Gates. Our office needs to confirm how your company uses this land and whether this use meets any of the statutory exceptions, such as the business purpose exception, so that we may close this case and file it in our inactive files, the letter added. He was right when he predicted the COVID-19 epidemic in 2015. Owning farmland is one of the most prudent financial investments to make now. How many farms Does Bill Gates Own? It has been very fulfilling for me and is my full time job," Gates continued. As of 2020, industry reports show he owned about 0.027% of U.S. farmland. 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. Another main feature of the Big Bet is the implementation of the culmination of the Gates Foundations research: specialized GMO seeds for different crops that have been gene edited to be pest-proof, flood proof, disease proof, and climate change-resistant. 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. Gates said during a Reddit AMA: My investment group chose to do this. 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. Although Gates owns these farms, he isnt changing their practices. Bill Gates buys farmland in Amish Country. 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. Theres a lot of little benefits that stack up when talking about farmland, but the biggest is likely the fact that farmland returns historically out performs most other investment vehicles, and is also comparatively the least volatile asset among the bunch. (here). All rights reserved. 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. 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. 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. Water bills are soaring in some areas as infrastructure deteriorates, a recent University of Michigan study found. 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. 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. NOW WATCH: Bill Gates has a net worth of over $96 billion here's how he makes and spends his money. 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. Access your favorite topics in a personalized feed while you're on the go. Pates wrote that while "nobody involved in the deal seems eager to talk about it," public records connected Gates and the buyer, Red River Trust. He had accumulated more than 269,000 acres of farmland across 18 states in less than a decade. This article will go into detail about how much land Bill Gates owns and why he owns so much. Bill is now the biggest owner of farmland in 2022 a great hedge asset against rising inflation. as well as other partner offers and accept our. Read more about our work to fact-check social media posts here . 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. While Microsoft took a major hit in the tech crash of 2000, Bill Gates portfolio with Cascade would gain around 40% return in that same year. What does Weyerhaeuser have to do with Michigan? Some are near cities and might end up having other uses.". According to 2021 article from the Land Report, a magazine about land. Thetech billionaire owns69,071 acres inLouisiana,47,927 acres inArkansas, and 20,588 acres inNebraska. With the Washington state acreage and other recent additions to his portfolio,. Gates responded: "I own less than 1/4000 of the farmland in the US. The billionaire cant seem to do anything without drawing the conspiratorial ire of online netizens. By Dec. 31, 2022, the Agriculture Department reported 43 million egg-laying hens had died because of the disease or depopulation. Farmland as an investment offers low volatility. Today, Bill Gates owns 242,000 acres of farmland in 19 states. Avian flu is highly infectious, can spread rapidly from flock to flock, and can often kill chickens. Where Does Bill Gates Own Farmland in the US. Why Is Bill Gates Buying So Much Farmland? Bill and Melinda released their latest initiative, Bill Gates Big Bet, where the Foundation states theyre betting on the major success of developing nations within the next 15 years, hoping to see more improvement than at any time in history. Suggests that since mostly Democrats vote early then that represents made-up ballots or dead people voting.. 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. (Read more about our partnership with Meta, which owns Facebook and Instagram.).
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