Gates does not own anywhere close to the majority of America's farmland. Now Chinese companies and businessmen are planning to make their home in the United States. If youve been on the fence about getting into farmland, maybe now is the time to reconsider. The old saying about land is they aren't making any more of it. Supply and demand? Since it works as an investment for him, it also includes the benefits of using land as an . He's the new MacDonald: Bill Gates owns hundreds of thousands of acres across the United States including 242,000 acres of farmland making him the country's top agricultural landholder, according to Eric O'Keefe's The Land Report. Egg prices havent come down with inflation. While Gates is still the top farmland owner in the U.S., not all of the property he owns is farmland. These allow investors to get stared with as little as $10,000. What Land Does Bill Gates Own In Michigan? It's not part of his plans to save the planet. Bill Gates does not own the majority of U.S. farmland. Best Farmland Investing Platforms Non-Accredited, Best Canadian Farmland Investing Platforms. Reuters traced the figure cited by social media posts as the number of acres owned by Bill Gates to The Land Report, which reports on major land ownership in the United States. Since its IPO in 1985, Microsoft has seen continual success. However, Microsoft wasn't Bill Gates' only successful venture. (here). This is because of more intense seasons of drought and rain. And many of the American farms Gates owns specialize in produce, such as onions, carrots and potatoes, NBC News reported in 2021. While this is certainly a lot of acreage, it represents less than 1% of all the farmland in the United States. 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. That makes him the largest landowner in the U.S. Stats show agriculture is a pretty good investment for. Toxic chemicals known as PFAS, or per- and, 2 hours, 2 minutes. 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. As of 2020, industry reports show he owned about 0.027% of U.S. farmland. 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. Photo of electric charging station powered by diesel generator is emblematic of the electric vehicle movement. So why does Bill Gates, and other billionaires like him, keep buying up so much farmland? As per the Land report and NBC report, Gates has farmlands in Louisiana, Nebraska, Georgia and other areas. With the Washington state acreage and other recent additions to his portfolio,. 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). Bill Gates buys farmland in Amish Country. In the Reddit AMA, he also said he'll sell what he owns as money goes towards the foundation. 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. 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. 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). 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 In Washington, the duo owns more than 14,000 acres of farmland that includes potato . Prime soils and the moderating, Best Strip Clubs For 18 And Over in Detroit, Michigan. Don't miss real-time alerts on your stocks - join Benzinga Pro for free! 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. 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. 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. Instead, he mostly acts like a landlord and allows professional farmers to keep doing their thingeven if those practices are ruinous to the environment. 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. While private companies and corporations are increasing . 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. Your membership is the foundation of our sustainability and resilience. Sign up for notifications from Insider! By 2019, the USDA says foreign ownership of U.S. acres exceeded 35.2 million acres, a 60 percent increase from the decade prior. Who is the largest landowner in the world? Follow him on Twitter@LucasNolanor contact via secure email at the addresslucasnolan@protonmail.com, EconomyPoliticsTechBill GatesFarmersfarmlandNorth Dakota. A spokesperson for Gates also told Reuters the claim that Gates owns the majority of U.S. farmland was false, pointing to the USDA figures. Former Microsoft CEO Bill Gates owns a majority of America's farmland. All rights reserved. Recently, an article in Land Report stated that Bill Gates owns more American farmland than anyone else. as well as other partner offers and accept our. Donald Trump is back on Twitter, thanks to Elon Musk. All quotes delayed a minimum of 15 minutes. Nov 14, 2022. Nebraska has the third-most Gates-owned farmland in the nation. Lower-than-usual egg inventories near the end of the year, when demand is up from holiday baking, resulted in several successive weeks of record-high egg prices, the department said. The 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.. 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. 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). "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?" The buyer, Red River Trust, is tied to Bill Gates, the largest farmland owner in the US. 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. (here). Business entities have, however, been increasing their presence as owners of rental properties. It is unclear how cheap biofuels can be but if they are cheap it can solve the aviation and truck emissions. Gates owns less than 1% of the nations farmland. Is Farmland Partners (FPI) A Good Investment? Gates' 242,000 acres amounts to about 0.03% of the total. 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. NOW WATCH: Bill Gates has a net worth of over $96 billion here's how he makes and spends his money, his close friend and Berkshire Hathaway CEO, Warren Buffett, he'll sell what he owns as money goes towards the foundation. It isless than .1% of all US farmland because the ownership is so diverse. In fact, he reportedly owns more farmland than any other individual in America. 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. 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. Satellites are on balloons and not in space.. Does this investment say anything about the state of the. . 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 total portfolio of farmland is worth well over $700 million. 1 landowner in the U.S. is billionaire John Malone, the chairman of Liberty Media, who tops . Bill Gates was right when he sold his own Microsoft stock to diversify through Cascade in 1994. Amazing, if truebut its extremely not. Sign up for our newsletter for the latest tech news and scoops delivered daily to your inbox. However, there are also countless farmland investing platforms gaining traction now too. Gates has been asked about his farmland purchases before. 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 January 2021, Bill Gates became the largest owner of farmland in the United States. That's a ginormous deal, one that pencils out to almost $12,000 per acre for a whole lot of acres. Land Values: Here's a look at the top 10 absentee landowners in central Illinois, and where they own farmland. We may earn commission if you buy from a link. By Rebecca . These subsistence farmers can order equipment and seeds they need, paying what they can over a longer period of time. This material may not be reproduced without permission. Drinking or using tap water treated with chlorine is dangerous because chlorine is a poison., Obama imposed stricter rules on trains carrying toxins. In 2018, Michigan produced 297 million bushels of corn grain, worth $1 billion. During his 11th appearance in the "Ask Me Anything" . It's hard to visualize just how much land 242,000 acres amounts to unless . The tech billionaire owns 69,071 acres in Louisiana, 47,927 acres in Arkansas, and 20,588 acres in Nebraska. Some are near cities and might end up having other uses.". 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. According to 2021 article from the Land Report, a magazine about land. How long is it from Michigan to Detroit? Who owns the most farm ground in the US? A 2021 report published by the U.S. Department of Agriculture (USDA) said there were 895,300,000 acres of farmland in the United States. (here) (here). Infected flocks are culled to prevent the flu from spreading. He had accumulated more than 269,000 acres of farmland across 18 states in less than a decade. Official govt docs expose Michelle Obamas 14 year history as a man., "Woody Harrelsons 60 seconds in the middle of his monologue was cut out of the edits released after the show., BREAKING Trump preps Marines to stop presidential coup.. But the fact remains, as the Daily Mail notes, Gates computer "nerd" and . While viral conspiracy theories baselessly conjecture that Gates is buying up farmland in order to starve Americans for some unknown reason, there's likely a simpler explanation: Gates makes money off this land. In the past 20 years, the foundation has grown to hold over $48 billion. We invest in the farms to raise productivity. 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? 801 3rd St. S 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. Hes the largest landowner in the United States. The report states that Gates has 70,000 acres of land in North Louisiana where they grow soybeans, corn . 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. 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. 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. Merged from the William H. Gates Foundation and the Gates Learning Foundation, The Bill and Melinda Gates Foundation quickly became the largest private foundation in history. One main benefit to alt assets especially for those whore heavily invested in the stock market is you can diversify your overall investment portfolio outside the NYSE/NASDAQ. In the same way you can invest into ETFs (Exchange Traded Funds) in the stock market, there exist similar products for farmland called farmland REITs. With more productive seeds we can avoid deforestation and help Africa deal with the climate difficulty they already face. Bill Gates gobbling up Florida farmland; investment arm recently paid $28M for 4,500-acre tract. Bill Gates owns about 400 acres of farmland outside of Malmo, Nebraska, that he rents to a local farmer. FILE - Bill Gates attends a discussion during the 'Munich Security Conference' in Munich, Germany, Friday, Feb. 18, 2022. This article will go into detail about how much land Bill Gates owns and why he owns so much. Perhaps Bill Gates is looking to test out his GMO seeds. 1995 - 2023 by Snopes Media Group Inc. While the Gates' own a lot of farmland, nonfarmers own 283 million acres of farmland throughout the U.S. Sign up for notifications from Insider! How much land does Russia own in the United States? But these land holdings account for only a tiny share of the countrys total farmland. Gates responded: "I own less than 1/4000 of the farmland in the US. 11 Jan. 2021, https://landreport.com/2021/01/bill-gates-americas-top-farmland-owner/. In 2020, Gates made headlines for becoming the largest private farmland owner in the U.S. One answer might surprise you: While trying to track down who recently purchased 14,500 acres of choice farmland in Washington state's Columbia River Basin, researchers at The Land Report discovered the new owner was Microsoft co-founder Bill Gates. 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. About 350,000 acres of the U.S. government land in Hawaii were kept for military installations and national parks. Some of the links on this site are affiliate links. 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. Click here to view current offerings on AcreTrader! In 2020, there were 166 such funds globally, nearly a 9x increase from only 19 in 2005. 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. 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. The major cash crops are field beans, sugar beets, corn and wheat. One such rumor claimed that there had been an unusual number of fires at food processing facilities in 2022. He has been buying thousands of acres across America. Social media users are falsely claiming that Gates owns the majority of U.S. farmland. Gates said during a Reddit AMA: My investment group chose to do this. Suggests that since mostly Democrats vote early then that represents made-up ballots or dead people voting.. 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. 309. "With more productive seeds we can avoid deforestation and help Africa deal with the climate difficulty they already face. 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 . 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. Bill GatesWith almost 269,000 acres, Bill Gates retained his ranking as Americas largest private farmland owner. In his annual Reddit AMA Wednesday, Gates was asked why he has bought so much farmland. Who knows. 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. How many farms Does Bill Gates Own? Thus, before we answer these questions, we are going to provide a brief summary of his financial history. 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.. He recently tried to explain why, and it was a little hard to follow. The North Dakota attorney general's office recently inquired into a 2,100-acre farmland purchase by Red River Trust, an entity affiliated with Bill Gates. It has been very fulfilling for me and is my full time job," Gates continued. The Michigan State University shooter is a 21-year-old man named Lynn Dee Walker. Read more about our work to fact-check social media posts here . Bill Gates (AP Images) Bill Gates is buying up America's farmland. 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.. In addition, the law places certain limitations on the ability of trusts to own farmland or ranchland, the letter said. 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. Well, as with everything in life, there is always a trade-off especially in finance. As per the report, the Gates have their own land in at least 18 American states. He owns 242,000 acres, which is equivalent to the area of Fannin County GA. Bill Gates is best-known for cofounding Microsoft, but he's also a major US landowner, having bought 275,000 acres of farmland. The. Please let us know if you're having issues with commenting. Which Billionaire Owns The Most Land In The U.S.? Their low fees and competitive returns set them apart from many of the other platforms out there. 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. These states include: Arizona - 25,750 acres; Arkansas - 47,927 acres . Louisiana is the top state. 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. Cascade Investment began purchasing farmland in significant strides in 2013. 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. In fact, he reportedly owns more farmland than any other individual in America. In a 2020 blog post, he wrote, "The rich should pay more than they currently do, and that includes Melinda and me.". Gates is just using farmland to make Agri-Tech and financial investments. 2 min read Microsoft founder and billionaire turned philanthropist Bill Gates recently laid to rest the long-time conspiracy theory that he owns some 80% of all. 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. In fact, in June of 2022 he secured an additional 2,100 acres of farmland in North Dakota for roughly $13.5 million. Agriculture and the National Bureau of Agricultural Statistics, in the United States there are 362,315,055 hectares of farmland. There were 895.3. However, the Gates Foundation has been largely transparent at every level of their operations from their objectives, means, successes, and failures. Official: Michigan State gunman had note threatening 2 New Jersey schools. How can this inform our personal investment decisions? Farmland Riches, LLC and the owners may have investments in companies represented on the AcreTrader platform. 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.. 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. Many people wonder why Bill Gates would make these moves with his investment portfolio. What Returns Should You Expect From Farmland Investing? The land was purchased from the owners of Campbell Farms, a potato farming group headquartered in Grafton, North Dakota, approximately 50 miles from the Canadian border. Farmland in am. The Bill & Melinda Gates Foundation is focused partly on agricultural development to support farmers in sub-Saharan Africa and South Asia. 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). Heres why. a Reddit user asked. Read also:Which Billionaire Owns The Most Land In The U.S.? Amazon founder and chairman Jeff Bezos has amassed 420,000 acres in recent years. The biggest chunks of Gates' holdings are in Louisiana and Arkansas, where he owns 69,071 acres and 47,927 acres, respectively, the outlet's research found. "Those people are upset, but there are others that are just livid about this.". 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. The transitional land he owns in Arizona is reportedly being built into a suburb .. 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.. 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. Gates owns almost 9,000 acres in Ohio, just over 9,000 acres in Indiana, nearly 18,000 in Illinois, but only 552 acres in Iowa.