Gates private office, Gates Ventures, told PolitiFact this claim is false. stated on February 13, 2023 in a Facebook post, Gates investments in plant-based meat and farmland. Why doesnt everyone just invest in farmland then? Accessed 28 Apr. Those people are upset, but there are others that are just livid about this.. In a Reddit Ask Me Anything (AMA) last week, Gates once again fielded a question pertaining to his AG holdings and stated that he actually only owns 1/4000 of all U.S. farmland, or about 270,000 acres spread across 18 different states. Is this just a regular investment move, made on a large scale? State law prohibits corporations, LLCs, and trusts from farming or ranching activities. Bill Gates' farmland purchase raises red flags Hint, It's Not Bill Gates. Investors from the Netherlands own 33% of that land with Canadians owning 25%. While this is certainly a lot of acreage, it represents less than 1% of all the farmland in the United States. Here's why the ultra-wealthy like Bill Gates and Thomas Peterffy are 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. What Asset Class Is Farmland Considered To Be? Corn production is concentrated in the Lower Peninsula with Saginaw and Lenawee counties as Michigans largest producers. Farmland in am. Why Bill Gates is the largest private farmland owner in the United You either had to directly buy the land, pony up millions to participate in a fund or purchase farmland via a REIT. 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. 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. Microsoft co-founder Bill Gates is America's top private farmland owner. Michigan - 2,167 acres; Mississippi - 16,963 acres; Nebraska - 20,588 acres; New Mexico - 1 acre; North Carolina - 874 . 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. What Part Of Michigan Is Considered The Upper Peninsula? While Gates is still the top farmland owner in the U.S., not all of the property he owns is farmland. The cost of chicken has also gone up, although not as drastically. 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. The 2,100 acre potato farm adds to his massive portfolio of farm investments. In fact, he reportedly owns more farmland than any other individual in America. Gates is No. Bill is now the biggest owner of farmland in 2022 a great hedge asset against rising inflation. Bill Gates owns massive parcels of farmland. It's not part of his plans 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. In the past 20 years, the foundation has grown to hold over $48 billion. However, the Gates Foundation has been largely transparent at every level of their operations from their objectives, means, successes, and failures. Donald Trump is back on Twitter, thanks to Elon Musk. Bill Gates owns almost as much U.S. agricultural land as China at 248,000 acres, . The Bureau of Labor Statistics latest update shows egg prices rose 60% over the last year. Nebraska has the third-most Gates-owned farmland in the nation. American Homes 4 Rent holds around 57,024 single-family properties (here). In 2020, Gates made headlines for becoming the largest private farmland owner in the U.S. Gates personal farmland portfolio is managed by Michael Larson and Cascade Investment. 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. 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. 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. By Rebecca . Bill Gates is the largest farmland owner in America: report - New York Post Valuations of equities (stocks) are at all time highs, similar to the dot-com bubble. How much land does Russia own in the United States? Satellites are on balloons and not in space.. Across the nation, Gates' affiliates . 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. BlackRock is a shareholder in both companies (here) (here). Bill Gates owns a ton of farmland in the United Statesas in, about 270,000 acres. In 1999, Cascade Investment made an interesting decision: Gates sold over 7 million personal Microsoft shares to further diversify his portfolio. (here). In addition, the law places certain limitations on the ability of trusts to own farmland or ranchland, the letter said. 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. Bill Gates is Americas biggest farmer, his 269000 acres farmland grows potatoes and carrots. I had heard this in the past, but didn't give it much thought. AcreTrader is one of the most well-established farmland crowdfunding platforms out there. However, Microsoft wasn't Bill Gates' only successful venture. 28. The No. Amazing, if truebut its extremely not. 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. There were 895.3 million acres of farmland in America in 2021, according to a 2022 reportfrom the Department of Agriculture. The transitional land he owns in Arizona is reportedly being built into a suburb .. In January 2021, Bill Gates became the largest owner of farmland in the United States. 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). 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. It's not part of his plans to save the planet. (here). Any why now after years of massive success? America's Biggest Owner Of Farmland Is Now Bill Gates - Forbes Gates does not own the majority of U.S. farmland. 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. The state bars corporations and limited liability companies from owning or even leasing farmlands or ranches and has other limits on trusts, yet the . Alongside his investments, Gates has also purchased farmland in at least 19 states, according to The Land Report. Gates responded: "I own less than 1/4000 of the farmland in the US. Bill Gates owns a lot of farmland. | Iowa Hawkeyes fan forums - Go Iowa Where does Bill Gates own farmland in Illinois? - 2023 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. The buyer, Red River Trust, is tied to Bill Gates, the largest farmland owner in the US. 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. Bill Gates and conspiracy theories go together like peanut butter and jelly. In 2018, Michigan produced 297 million bushels of corn grain, worth $1 billion. 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. Bill Gates Defends Farmland Purchases: 'There Isn't Some Grand Scheme' Bill Gates Of those states, Gates owns the most land in Louisiana, where he is proprietor of more than 69,000 acres. Don't miss real-time alerts on your stocks - join Benzinga Pro for free! Purchasing your own farm outright means that you are not diversified across many farms; just 1. Read also:Which Billionaire Owns The Most Land In The U.S.? No, its the Roman Catholic Church. By 2019, the USDA says foreign ownership of U.S. acres exceeded 35.2 million acres, a 60 percent increase from the decade prior. Gates is just using farmland to make Agri-Tech and financial investments. Does this investment say anything about the state of the. These allow investors to get stared with as little as $10,000. Who is the largest landowner in the world? 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. Whose land is it anyway? Farmers, billionaires - Michigan Farm News It has been very fulfilling for me and is my full time job," Gates continued. 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). You can find his previous stuff at Gizmodo and Paste if you look hard enough. That makes him the largest landowner in the U.S. Stats show agriculture is a pretty good investment for. In 1994, Bill Gates opened up his family office, Cascade Investment LLC, with trusted wealth manager Michael Larson. Does Bill Gates Own the Majority of US Farmland? - Snopes Suggests that since mostly Democrats vote early then that represents made-up ballots or dead people voting.. It was near-perfect timing too, as 2000 would quickly see the infamous tech crash of dot com stocks. How Much U.S. Farmland Does China Really Own? More Than Bill GatesAnd According to 2021 article from the Land Report, a magazine about land. Why Bill Gates' Purchase of Farmland Concerns Conspiracy Theorists 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. 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. 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. Youre not investing in a building that will decay over time, but the rich farmland itself. Best Farmland Investing Platforms Non-Accredited, Best Canadian Farmland Investing Platforms. What Happened: Gates answered dozens of questions over the course of a few hours during the AMA, including: 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?, He responded, I own less than 1/4000 of the farmland in the US. But unlike those men, Gilbert has plans to redevelop his properties and not just sit on them. Amazon founder and chairman Jeff Bezos has amassed 420,000 acres in recent years. He owns 242,000 acres, which is equivalent to the area of Fannin County GA. 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. Access your favorite topics in a personalized feed while you're on the go. One main benefit to alt assets especially for those whore heavily invested in the stock market is, another scenario where more traditional assets like stocks and, Also, because youre investing in the land itself, your investment not only is quite resistant to depreciation, but also provides some, Theres a lot of little benefits that stack up when talking about farmland, but the biggest is likely the fact that, American farmland produces a lot of exports, exposing you to political risks, Its a little harder to break into farmland than other assets, though this is changing, In the same way you can invest into ETFs (Exchange Traded Funds) in the stock market, there exist similar products for farmland called, Bill and Melinda released their latest initiative, , While the global climate change initiative is trying to reduce total emissions by the year 2050, the year 2030 is also important. Representatives for Gates did not immediately respond to messages from Insider requesting comment. February 27, 2023, 11:49 AM. Click here to view current offerings on AcreTrader! 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 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.. 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. 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 . Age Requirements Most ordinances require, Huckleberries are small bright blue, or dark blue, or black berries which grow wild near marshes in Michigan. Sign up for our newsletter for the latest tech news and scoops delivered daily to your inbox. Either that or I had a screw loose. This article was produced by the Reuters Fact Check team. He recently tried to explain why, and it was a little hard to follow. The 2,100 acre potato farm adds to his massive portfolio of farm investments. Toxic chemicals known as PFAS, or per- and, 2 hours, 2 minutes. 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. Some experts have pointed to Gatess well-known sustainability and green tech initiatives as a possible reason, but during an earlier Reddit AMA in 2021, Gates said, my investment group chose to do this. Gates' 242,000 acres amounts to about 0.03% of the total. a Reddit user asked. 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.
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