FILE - Bill Gates attends a discussion during the 'Munich Security Conference' in Munich, Germany, Friday, Feb. 18, 2022. No one but Bill Gates knows that answer. Owning farmland is one of the most prudent financial investments to make now. Returns from farmland have actually outpaced the stock market in recent years with significantly less volatility. Satellites are on balloons and not in space.. Sign up for notifications from Insider! But unlike those men, Gilbert has plans to redevelop his properties and not just sit on them. Bill Gates owns massive parcels of farmland. Our only agenda is to publish the truth so you can be an informed participant in democracy. 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. Here are a few likely reasons why Bill Gates is scooping up farmland: Whatever you may think about the man himself, he has consistently made investing choices that brought him unusual and incredible returns, and this has brought him great wealth when others made the wrong fiscal moves, and lost much. Hint, It's Not Bill Gates. The transitional land he owns in Arizona is reportedly being built into a suburb. Gates does own a lot of farmland. False. 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). In fact, in June of 2022 he secured an additional 2,100 acres of farmland in North Dakota for roughly $13.5 million. 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.. See here for a complete list of exchanges and delays. Why did he decide to buy in Amish Country? 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 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. They ripen in late July and early. As more investors look to buy land, those who got in earlier are poised to benefit from the appreciation of the land value. Today, Bill Gates owns 242,000 acres of farmland in 19 states. Who owns the most land in the world 2021? The agriculture sector is important," Gates wrote. What is the most profitable crop in Michigan? It is reported that Bill Gates owns over 269,000 acres of farmland in over a dozen states, making him the largest farmland owner in America. 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 Washington, the duo owns more than 14,000 acres of farmland that includes potato . Bill Gates was right when he sold his own Microsoft stock to diversify through Cascade in 1994. 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. 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. The state bars corporations and limited liability companies from owning or even leasing farmlands or ranches and has other limits on trusts, yet the . Partnering with Monsanto to create these super seeds is also part of the plan. Bill left most of his professional work at Microsoft at this time to work with Melinda and the foundation. How Old Do I Have To Be To Go To A Strip Club In Michigan? 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 . Nov 14, 2022. He owns 242,000 acres, which is equivalent to the area of Fannin County GA. Michigan. His largest holding is in Louisiana (69,071 acres), followed by Arkansas (47,927 acres) and Arizona (25,750 acres). 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. 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. Real estate investors overall have also been increasingly targeting single-family homes. An entity linked to billionaire Bill Gates has reportedly purchased 2,100 acres of potato farmland in northern North Dakota angering local residents. Bill Gates But these land holdings account for only a tiny share of the countrys total farmland. 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. Nancy Pelosi (purchased) 10,000 shares of Amgen, manufacturer of Nplate, a drug used to treat radiation sickness.. Bill Gates is best-known for cofounding Microsoft, but he's also a major US landowner, having bought 275,000 acres of farmland. 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. Amazing, if truebut its extremely not. Interestingly enough, though the Bill and Melinda Gates Foundation is working on this agriculture initiative. It isless than .1% of all US farmland because the ownership is so diverse. "Our office needs to confirm how your company uses this land and whether this use meets any of the statutory exceptions," the letter said. Who knows. "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. Does Michigan Allow Personal Tax Exemptions? Alongside his investments, Gates has also purchased farmland in at least 19 states, according to The Land Report. Farmland in am. Over time, Gates sold personal stock in Microsoft and reinvested it through Cascade Investment. 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 fact, in June of 2022 he secured an additional 2,100 acres of farmland in North Dakota for roughly $13.5 million. However, when you read between the lines with an objective and open mind, one can infer much. Oct 22, 2014. 309. 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. Many people wonder why Bill Gates would make these moves with his investment portfolio. Using those figures, Gates would own about 0.027% of U.S. farmland. 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. A $13.5 million purchase of a North Dakota potato farm is drawing outrage and legal scrutiny. This, combined with holiday demand and continued coronavirus pandemic-related supply-chain pressures, have affected the market. The. AcreTrader has carved out a niche for themselves that has led to rapid market dominance. Billionaire Bill Gates explains why he buys a lot agricultural land - Photo: BENZINGA. In this short period of time, there was a proliferation in funds that were specifically focused on farmland investing. 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. 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). 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. His idea, like many others, was to diversify his investments across different asset classes. Please let us know if you're having issues with commenting. 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 and his wife own 269,000 acres of farmland. 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. (AP). While Gates is still the top farmland owner in the U.S., not all of the property he owns is farmland. Bill Gates owns a ton of farmland in the United Statesas in, about 270,000 acres. 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. Darren lives in Portland, has a cat, and writes/edits about sci-fi and how our world works. Investors from the Netherlands own 33% of that land with Canadians owning 25%. Billionaire philanthropist and Microsoft Corp. co-founder Bill Gates has found himself at the center of yet another online conspiracy theory. 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. Similar to private equity firms destabilizing the housing market, millionaires and billionaires investing in farmland are also creating their own set of issues, as they are now pricing out young farmers looking to buy land. The financial crisis later in that same decade prompted an explosion of investments into farmland when monetary safe havens became scarce. The cost of chicken has also gone up, although not as drastically. Conspiracy theorists claimed last year that the Microsoft founder was buying up farmland in the U.S. in order to starve Americans for an unknown reason, Snopes said, after researchers said in. Although nowhere near 80 percent of U.S. farmland, its still a little more than one-third of the state of Rhode Island, a surprising amount for one person and enough to make Gates the largest landowner in the U.S. 1800 I Street NW Sign up for notifications from Insider! 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. Last year, Gates vowed to give away "virtually all" of his fortune to the philanthropic foundation he runs with French Gates. Suggests virologists death is linked to COVID-19 vaccines. Gates does not own the majority of U.S. farmland. The 2,100 acre potato farm adds to his massive portfolio of farm investments. This informational is by no means a promotion, solicitation, or recommendation of any specific investment. The Guardian, https://www.theguardian.com/commentisfree/2021/apr/05/bill-gates-climate-crisis-farmland. Who is the largest landowner in the world? 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. The main factor driving the nationwide price hikes and supply shortages, according to the U.S. Department of Agriculture, is a U.S. avian influenza, or bird flu, outbreak. Gates' 242,000 acres amounts to about 0.03% of the total. Bill Gates owns almost as much U.S. agricultural land as China at 248,000 acres, . Hes also written about the need for more ways to produce meat without depleting environmental resources. The major cash crops are field beans, sugar beets, corn and wheat. Why doesnt everyone just invest in farmland then? for different crops that have been gene edited to be pest-proof, flood proof, disease proof, and climate change-resistant. 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. Access your favorite topics in a personalized feed while you're on the go. The counties with the most total acres of foreign-owned ag land are Keweenaw, Baraga and Alger. KX News' Josh Meny sat down with Vogel who says the Attorney General's office is impeding her investigation into the purchase. According to a 2022 report from the U.S. Department of Agriculture and the National Agriculture Statistics Service, there are 895,300,000 acres of farmland in the U.S. Gates owns roughly 242,000 acres, about 0.03% of the total. There were 895.3 million acres of farmland in America in 2021, according to a 2022 reportfrom the Department of Agriculture. February 27, 2023, 11:49 AM. 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.. So, what's the interest in farmland? It was a cold January day in 2021 when Eric O'Keefe, editor and founder of The Land Report, walked up to the podium at the Land Expo in Iowa and announced Bill Gates as America's largest individual farmland owner.He learned this after investigating Gates' purchase of the 100 . Thus, in Gates mind, its extremely important to help empower these developing peoples before that year comes to fruition. A Grimmway Farms employee moves a water pipe at one of their carrot farms in the Antelope Valley. The Agriculture Department estimates there are more than 895 million acres of farmland in the U.S., making Gates share 0.028%. 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. Who is the largest farmer in the United States? In a March 2021 "Ask Me Anything" session on Reddit, Gates was asked why he had purchased so much farmland. 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. Don't miss real-time alerts on your stocks - join Benzinga Pro for free! Are you ready for alternative proteins made from a volcanic microbe? 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. 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. In fact, Gates is the owner of over. According to lovemoney.com, the church owns more than 70 million hectares. 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. Snopes and the Snopes.com logo are registered service marks of Snopes.com. That makes him the largest landowner in the U.S. Stats show agriculture is a pretty good investment for billionaires. Bill Gates owns more private farmland in the US than anyone else, an analysis by The Land Report found. Bill Gates, and the Chinese, are not just buying up farm land for that purpose. 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. What Land Does Bill Gates Own In Michigan? 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. RELATED: What Bill Gates has to do with livestock, lab-grown meat, RELATED: Eggflation? 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. Why? The Guardian, 5 Apr. (here). But there is no evidence these investments are linked to a nationwide shortage in chicken and egg products. 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 report states that Gates has 70,000 acres of land in North Louisiana where they grow soybeans, corn, cotton. Gates and his investment team own more than 240,000 acres, as reported by O'Keefe, including 2,167 acres in Michigan. 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 report states that Gates has 70,000 acres of land in North Louisiana where they grow soybeans, corn, cotton. Check out current deals on AcreTrader now! "Those people are upset, but there are others that are just livid about this.". So why does Bill Gates, and other billionaires like him, keep buying up so much farmland? Gear-obsessed editors choose every product we review. It is unclear how cheap biofuels can be but if they are cheap it can solve the aviation and truck emissions. 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. 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. 801 3rd St. S Weyerhaeuser purchase Plum Creek in 2015 for over $8 Billion! "With more productive seeds we can avoid deforestation and help Africa deal with the climate difficulty they already face. As of 2020, industry reports show he owned about 0.027% of U.S. farmland. 41 on The Land Report's 2022 list of Americans who own the most land. he has consistently made investing choices that brought him unusual and incredible returns, and this has brought him great wealth when others made the wrong fiscal moves, and lost much. I had heard this in the past, but didn't give it much thought. In the Reddit AMA, he also said he'll sell what he owns as money goes towards the foundation. In 2020, Gates made headlines for becoming the largest private farmland owner in the U.S. The Michigan State University shooter is a 21-year-old man named Lynn Dee Walker. 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. How Long Can You Be Held Without Bond In Michigan? Gates and his investment team own more than 240,000 acres, as reported by OKeefe, including 2,167 acres in Michigan. By Jenna Hoffman July 5, 2022. The report states that Gates has 70,000 acres of land in North Louisiana where they grow soybeans, corn, cotton. It's not part of his plans to save the planet. stated on February 13, 2023 in a Facebook post, Gates investments in plant-based meat and farmland. Amazon founder and chairman Jeff Bezos has amassed 420,000 acres in recent years. On social media, we found people claiming, for example, that Gates owns the "majority" of U.S. farmland -- 80%, they claimed -- and that Gates is trying to buy up "all" of the farmland. The transitional land he owns in Arizona is reportedly being built into a suburb .. Microsoft founder Bill Gates and his wife Melinda have amassed the largest portfolio of private farmland in the US, according to The Land Report. Youre not investing in a building that will decay over time, but the rich farmland itself. Cascade Investment began purchasing farmland in significant strides in 2013. as well as other partner offers and accept our. While the global climate change initiative is trying to reduce total emissions by the year 2050, the year 2030 is also important. State law prohibits corporations, LLCs, and trusts from farming or ranching activities. Is this just a regular investment move, made on a large scale? He had accumulated more than 269,000 acres of farmland across 18 states in less than a decade. While Gates is still the top farmland owner in the U.S., not all of the property he owns is farmland. Document shows Rebekah Jones demonstrated a violation of Floridas Whistleblower Act. 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. This article was produced by the Reuters Fact Check team. 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. Another meme circulating online reads: Bill Gates is buying all the farmland. How can this inform our personal investment decisions? Bill Gates Is the Biggest Private Owner of Farmland in the United States. Purchasing your own farm outright means that you are not diversified across many farms; just 1.