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(here). 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. Bill Gates Is the Biggest Private Owner of Farmland in the United States. Bill Gates Finds Farmland To Be One Hot Commodity Satellites are on balloons and not in space.. Thus, in Gates mind, its extremely important to help empower these developing peoples before that year comes to fruition. His . This article Bill Gates Finally Explains Why He's Buying So Much U.S. His largest holding is in Louisiana (69,071 acres), followed by Arkansas (47,927 acres) and Arizona (25,750 acres). Last year, Gates vowed to give away "virtually all" of his fortune to the philanthropic foundation he runs with French Gates. As of 2022, he owned 248,000 acres of farmland across more than a dozen states, but this accounts for less than 1% of the total farmland in the U.S. 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. Mar 4, 2009. Bill Gates owns about 400 acres of farmland outside of Malmo, Nebraska, that he rents to a local farmer. Top editors give you the stories you want delivered right to your inbox each weekday. It has been very fulfilling for me and is my full time job," Gates continued. The tech billionaire owns 69,071 acres in Louisiana, 47,927 acres in Arkansas, and 20,588 acres in Nebraska. Gates appears to be pro-chicken farming. Using those figures, Gates would own about 0.027% of U.S. 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. 1800 I Street NW Bill Gates Finally Explains Why He's Buying So Much U.S. Farmland Former Microsoft CEO Bill Gates owns a majority of America's farmland. In January 2021, Bill Gates became the largest owner of farmland in the United States. The Agriculture Department estimates there are more than 895 million acres of farmland in the U.S., making Gates share 0.028%. Gates does own a lot of farmland. Bill Gates currently owns over 268,000 acres of American farmland spread out over 19 states. Bill Gates just bought almost 3,000 more acres of farmland in North Dakota, a purchase that was eventually cleared by the North Dakota Attorney General even though it raised numerous questions about his intentions and why he has been buying up over a hundred thousand acres of American farmland. His idea, like many others, was to diversify his investments across different asset classes. LIVE OAK, Fla. -- The investment company that manages the wealth of the world's richest man, Bill Gates, has been acquiring gobs of farmland in north Florida the past two years . Purchasing your own farm outright means that you are not diversified across many farms; just 1. 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). Over time, Gates sold personal stock in Microsoft and. Gates is just using farmland to make Agri-Tech and financial investments. In addition to farmland, the Gates' portfolio includes numerous public investments, the Gates Foundation, a major stake in the Four Seasons Hotel, and much more. Cascade Investment began purchasing farmland in significant strides in 2013. Benzinga does not provide investment advice. Does this investment say anything about the state of the. That purchase of Plum Creek makes Weyerhaeuser the largest private landowner in Michigan, as of now. State law prohibits corporations, LLCs, and trusts from farming or ranching activities. (Read more about our partnership with Meta, which owns Facebook and Instagram.). The Gates Foundation has seen steady success and growth since their launch, funding science, research, agriculture and education. for different crops that have been gene edited to be pest-proof, flood proof, disease proof, and climate change-resistant. From the beginning, Cascade Investments focused on blue chip defensive stocks, including Four Seasons, Berkshire Hathaway, Coca Cola, and more. These claims are not true. In his Reddit AMA last year, one user said, "What do you plan to do with all the farmland you have purchased? An entity linked to billionaire Bill Gates has reportedly purchased 2,100 acres of potato farmland in northern North Dakota angering local residents. Drinking or using tap water treated with chlorine is dangerous because chlorine is a poison., Obama imposed stricter rules on trains carrying toxins. RELATED: What Bill Gates has to do with livestock, lab-grown meat, RELATED: Eggflation? 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). Read also:Which Billionaire Owns The Most Land In The U.S.? While much of this land was transferred to the new state of Hawaii in 1959, the federal government did keep some. Bill Gates Asked Why He's Buying So Much US Farmland: Here's His - MSN 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. Bill Gates is America's biggest farmer, his 269000 acres farmland grows Why am I just learning about this NOW?. stated on February 13, 2023 in a Facebook post, Gates investments in plant-based meat and farmland. Age Requirements Most ordinances require, Huckleberries are small bright blue, or dark blue, or black berries which grow wild near marshes in Michigan. In fact, Gates is the owner of over 270,000 acres of farmland, which is worth over $700 million! 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.. Gates' interest in farmland is still strong. See here for a complete list of exchanges and delays. About 350,000 acres of the U.S. government land in Hawaii were kept for military installations and national parks. 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 It's not part of his plans to save the planet. 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. Prime soils and the moderating, Best Strip Clubs For 18 And Over in Detroit, Michigan. Lucas Nolan is a reporter for Breitbart News covering issues of free speech and online censorship. Bill Gates owns a minimum of 242,000 acres of U.S. farmland in Washington, Illinois, Iowa, Louisiana, California and multiple other states. These subsistence farmers can order equipment and seeds they need, paying what they can over a longer period of time. The tweet had gathered over 215,000 likes at the time of writing. By Rebecca . Oversight," June 15, 2018, The Chicago Tribune, "Chicken nuggets and cream cheese grow in trays in a South Side lab. This position in Microsoft was quickly funneled by Cascade Investment into this long term growth strategy. Momentum accelerated during the 2008-2009 Great Financial Crisis, when investors grew desperate for alternatives to traditional safe haven investments like bonds and gold. Wonderful Company cofounders Stewart and Lynda Resnick (net worth: $7.1 billion) ranked number three . Gates, currently the sixth-richest person in the world, has a net worth of $111 billion, according to the Bloomberg Billionaires Index. Donald Trump is back on Twitter, thanks to Elon Musk. Does Michigan Allow Personal Tax Exemptions? "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. The financial crisis later in that same decade prompted an explosion of investments into farmland when monetary safe havens became scarce. These posts were flagged as part of Instagrams efforts to combat false news and misinformation. As per the Land report and NBC report, Gates has farmlands in Louisiana, Nebraska, Georgia and other areas. An archived version of the tweet can be found (archive.ph/8Tq36). 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. Since it works as an investment for him, it also includes the benefits of using land as an . Bill Gates Doesn't Own That Much Farmland | Aaron Smith The Bill & Melinda Gates Foundation is focused partly on agricultural development to support farmers in sub-Saharan Africa and South Asia. You can find his previous stuff at Gizmodo and Paste if you look hard enough. 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. 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. The buyer, Red River Trust, is tied to Bill Gates, the largest farmland owner in the US. The mainland Chinese company Sino-Michigan Properties LLC has paid $1.9 million for 200 acres of undeveloped land in Milan, Michigan. a Reddit user asked. The . Bill Gates uses farmland as an investment outlet buying up - NBC News The Michigan State University shooter is a 21-year-old man named Lynn Dee Walker. According to 2021 article from the Land Report, a magazine about land. Bill Gates Is Buying Up American Farmland. But Why? According to Redfin, single-family housing represented over 70% of the properties purchased by investors in the third quarter of 2021 (here). 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. 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. Climate Connection. 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). KX News' Josh Meny sat down with Vogel who says the Attorney General's office is impeding her investigation into the purchase. 2,167 acres. 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. Bill Gates Uses Farmland as an Investment Outlet Buying up Potato, Carrot and Onion Farms. NBC News, https://www.nbcnews.com/tech/tech-news/mcdonald-s-french-fries-carrots-onions-all-foods-come-bill-n1270033. By 2019, the USDA says foreign ownership of U.S. acres exceeded 35.2 million acres, a 60 percent increase from the decade prior. Alongside his investments, Gates has also purchased farmland in at least 19 states, according to The Land Report. 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. Partnering with Monsanto to create these super seeds is also part of the plan. where is bill gates' farmland in michigan - ccecortland.org Bill Gates' 20,000 acres in Nebraska help make him the top farmland Access your favorite topics in a personalized feed while you're on the go. Earlier this week,North Dakota State Attorney General Drew Wrigley wrote a letter to Red River Trust, stating that its corporations and LLCs were prohibited from owning or leasing farmland or ranchland in the state of North Dakota. Wrigley added that these entities were banned from engaging in farming or ranching.. Our Standards: The Thomson Reuters Trust Principles. In this short period of time, there was a proliferation in funds that were specifically focused on farmland investing. St. Petersburg, FL Bill Gates tells Reddit why he's bought so much farmland - AFN Who knows. 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. Why Bill Gates Keeps Buying Up So Much Farmland, 60 Scientists Are Trying to Block the Sun, Your Privacy Choices: Opt Out of Sale/Targeted Ads. Estes, Nick. Bill Gates speaks during the Global Fund's Seventh Replenishment Conference, Wednesday, Sept. 21, 2022, in New York. Suggests that since mostly Democrats vote early then that represents made-up ballots or dead people voting.. Why Is Bill Gates Buying Farmland? How Much Does He Own? - Farmfolio He created the pledge in 2010 with his then-wife, Melinda French Gates, and his close friend and Berkshire Hathaway CEO, Warren Buffett. Gear-obsessed editors choose every product we review. In the past, Gates has invested in companies developing artificial or plant-based alternatives to meat, and he is currently the countrys largest private farmland owner, according to The Land Report, a magazine that surveys the countrys largest landowners annually. This article was produced by the Reuters Fact Check team. In their Big Bet, they recognize that the impoverished people stand to be impacted the most by these changes. Farmland REITs have a high degree of correlation with the overall stock market, and returns tend to be lower than less liquid farmland investments. The Gates Foundation isnt the entity utilizing the land, but rather just Bills family office. Don't miss real-time alerts on your stocks - join Benzinga Pro for free! . 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. Other factors are pandemic-related supply chain issues andholiday demand. 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. 242,000 Acres: Bill Gates Now The Largest Owner Of Farmland In America. Bill Gates was right when he sold his own Microsoft stock to diversify through Cascade in 1994. The mogul's holdings include large tracts in Illinois, Iowa, Louisiana, California, and about a dozen other states. 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. Read next:Bezos-Backed Startup Lets You Become A Landlord With $100. But these companies do not own a majority of U.S. single-family homes. 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. Though the Gates Foundation has spent so much time and resources on helping humanity more than any other private entity in history the sheer power their enterprise wields has drawn the attention and fear of many. These rumors, like the present rumor about Gates buying up the majority of farmland in the United States for nefarious purposes, are all false. Business entities have, however, been increasing their presence as owners of rental properties. Heres why.," Jan. 10, 2023. February 27, 2023, 11:49 AM. Why doesnt everyone just invest in farmland then? 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. 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 . Corn production is concentrated in the Lower Peninsula with Saginaw and Lenawee counties as Michigans largest producers. 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. Michigan Muslim Group Warns State That LGBTQ Bill Might Be Unconstitutional CAIR has objected to the Michigan Senate's passage of an expanded version of a state human-rights law protecting LGBTQ . Bill Gates Becomes the Largest Farmland Owner in the United - Yahoo! 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. 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 owns massive parcels of farmland. How can this inform our personal investment decisions? Bill Gates Farmland: Why Is the Billionaire Buying So Much? It is not connected to climate. 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. Gates' achievement, according to the report, is that he's largest private owner of farmland in the US. To put that into perspective, if you put all of the land that Gates owns into one place (his holdings are spread throughout the country), you'd cover an area about a quarter the size of Rhode Island.