All rights reserved. In 1994, Bill Gates opened up his family office, Cascade Investment LLC, with trusted wealth manager Michael Larson. That makes him the largest landowner in the U.S. Stats show agriculture is a pretty good investment for. This is because of more intense seasons of drought and rain. Bill Gates owns about 400 acres of farmland outside of Malmo, Nebraska, that he rents to a local farmer. 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). In fact, he reportedly owns more farmland than any other individual in America. The 2,100 acre potato farm adds to his massive portfolio of farm investments. 33701 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. 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. Gates farmland now totals 242,000 acres. to not use their land, is working towards their real agenda. These states include: Arizona - 25,750 acres; Arkansas - 47,927 acres . Estes, Nick. Returns from farmland have actually outpaced the stock market in recent years with significantly less volatility. Well, as with everything in life, there is always a trade-off especially in finance. So while Dan Gilbert owns the most property downtown, his 30-odd buildings seem small compared to what Kelly, Tatarian, Moroun, and others own. He had accumulated more than 269,000 acres of farmland across 18 states in less than a decade. While private companies and corporations are increasing . Over time, Gates sold personal stock in Microsoft and reinvested it through Cascade Investment. 41 on The Land Report's 2022 list of Americans who own the most land. The figure cited by The Land Report was subsequently reported by major news outlets including Business Insider and Forbes (here), (here). But the fact remains, as the Daily Mail notes, Gates computer "nerd" and . How Old Do I Have To Be To Go To A Strip Club In Michigan? Drinking or using tap water treated with chlorine is dangerous because chlorine is a poison., Obama imposed stricter rules on trains carrying toxins. These claims are not true. The report states that Gates has 70,000 acres of land in North Louisiana where they grow soybeans, corn . Bill Gates owns massive parcels of farmland. 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 buys farmland in Amish Country. Does Michigan Allow Personal Tax Exemptions? This material may not be reproduced without permission. The transitional land he owns in Arizona is reportedly being built into a suburb. Youre not investing in a building that will decay over time, but the rich farmland itself. 1995 - 2023 by Snopes Media Group Inc. But these land holdings account for only a tiny share of the countrys total farmland. What Land Does Bill Gates Own In Michigan? Oct 22, 2014. 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. Perhaps history is repeating itself? Who is the largest farmer in the United States? In his annual Reddit Ask Me Anything session on Wednesday, Gates was asked why he has made all of his farmland purchases. With her 6.6 billion acres, Elizabeth II is far and away the worlds largest landowner, with the closest runner-up (King Abdullah) holding control over a mere 547 million, or about 12% of the lands owned by Her Majesty, The Queen. From the beginning, Cascade Investments focused on blue chip defensive stocks, including Four Seasons, Berkshire Hathaway, Coca Cola, and more. Washington, DC Official: Michigan State gunman had note threatening 2 New Jersey schools. Bill Gates gobbling up Florida farmland; investment arm recently paid $28M for 4,500-acre tract. 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. The report states that Gates has 70,000 acres of land in North Louisiana where they grow soybeans, corn, cotton. With all of this recent farmland accumulation, one might think Gates is using this land to research these gene edited super seeds. It is unclear how cheap biofuels can be but if they are cheap it can solve the aviation and truck emissions. 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. It isless than .1% of all US farmland because the ownership is so diverse. Bill Gates does not own the majority of U.S. farmland. Since its IPO in 1985, Microsoft has seen continual success. "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. The tweet had gathered over 215,000 likes at the time of writing. However, when you read between the lines with an objective and open mind, one can infer much. Bill Gates owns almost as much U.S. agricultural land as China at 248,000 acres, . Gates started purchasing farmland circa 2013 through his investment group, Cascade Investments. He also reportedly owns about 16,000. I have invested in these farms to make them more productive and create more jobs. As of 2020, industry reports show he owned about 0.027% of U.S. farmland. Benzinga does not provide investment advice. Bill Gates (AP Images) Bill Gates is buying up America's farmland. Oftentimes, those fingers get pointed at Gates. Louisiana is the top state. In 2018, Michigan produced 297 million bushels of corn grain, worth $1 billion. This informational is by no means a promotion, solicitation, or recommendation of any specific investment. Some are near cities and might end up having other uses.". 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. 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. Gates does own a lot of farmland. These allow investors to get stared with as little as $10,000. They ripen in late July and early. 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. Gates' interest in farmland is still strong. Perhaps Bill Gates is looking to test out his GMO seeds. These subsistence farmers can order equipment and seeds they need, paying what they can over a longer period of time. I had heard this in the past, but didn't give it much thought. In fact, Gates is the owner of over 270,000 acres of farmland, which is worth over $700 million! for different crops that have been gene edited to be pest-proof, flood proof, disease proof, and climate change-resistant. Today, Bill Gates owns 242,000 acres of farmland in 19 states. As reported by Bloomberg . North Dakota officials have questions and residents are furious about a major land grab by a trust linked to billionaire and anti-meat zealot Bill Gates, the nation's biggest owner of farmland. Michigan. That's a ginormous deal, one that pencils out to almost $12,000 per acre for a whole lot of acres. Our state produces about 75 percent of the nations tart cherry crop. 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. Sign up for notifications from Insider! This position in Microsoft was quickly funneled by Cascade Investment into this long term growth strategy. State law prohibits corporations, LLCs, and trusts from farming or ranching activities. Gates does not own anywhere close to the majority of America's farmland. Gates personal farmland portfolio is managed by Michael Larson and Cascade Investment. Gates is just using farmland to make Agri-Tech and financial investments. 309. Other factors are pandemic-related supply chain issues andholiday demand. That makes him the largest landowner in the U.S. Stats show agriculture is a pretty good investment for billionaires. As per the report, the Gates have their own land in at least 18 American states. There isn't some grand scheme involved - in fact, all these decisions are made by a professional investment team.. The Bill & Melinda Gates Foundation is focused partly on agricultural development to support farmers in sub-Saharan Africa and South Asia. While much of this land was transferred to the new state of Hawaii in 1959, the federal government did keep some. As unfounded rumors related to the cause of a yet-to-happen food crisis circulated online, many people started to point fingers at a favorite target of conspiracy theorists, former Microsoft CEO Bill Gates. Gates does not own the majority of U.S. farmland. Here in Michigan, roughly 1.35 million acres of ag land is held by foreign investors and nearly 90% of this land is in forests. His idea, like many others, was to diversify his investments across different asset classes. Eggs have become expensive and scarce in some parts of the country. For now, Gatess ever-expanding farmland ownership is really just rich guy doing rich guy things, and while concerning in a late-stage capitalism sort of way, it isnt as cartoonishly nefarious as some conspiratorial corners of the internet want to believe. 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. At the turn of this century, Chinese owners owned about 192,000 acres of farmland in the U.S., according to the USDA. He responded that it was a decision his investment group made. 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. He owns 242,000 acres, which is equivalent to the area of Fannin County GA. With more productive seeds we can avoid deforestation and help Africa deal with the climate difficulty they already face. During the COVID-19 pandemic, vaccine-hesitant Americans were inundated with false rumors claiming that Gates was putting microchips into vaccines, that he was working on a mind-altering vaccine, that Gates had input tracking devices into vaccines, and that he once called for vaccinations as a way to depopulate the planet. as well as other partner offers and accept our. If youve been on the fence about getting into farmland, maybe now is the time to reconsider. 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. The Gates Foundation has focused their efforts on alleviating the aftermaths of climate change since its founding. The Agriculture Department estimates there are more than 895 million acres of farmland in the U.S., making Gates share 0.028%. 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. In his Reddit AMA last year, one user said, "What do you plan to do with all the farmland you have purchased? Bill left most of his professional work at Microsoft at this time to work with Melinda and the foundation. What Bill Gates has to do with livestock, lab-grown meat, Eggflation? Instead, he mostly acts like a landlord and allows professional farmers to keep doing their thingeven if those practices are ruinous to the environment. Every single Republican blocked Ketanji Brown Jacksons SCOTUS appointment.. Your membership is the foundation of our sustainability and resilience. 2,167 acres. What Returns Should You Expect From Farmland Investing? 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. 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). 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. 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. 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. The state bars corporations and limited liability companies from owning or even leasing farmlands or ranches and has other limits on trusts, yet the . Gates' 242,000 acres amounts to about 0.03% of the total. As of 2020, industry reports show he owned about 0.027% of U.S. farmland. 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. 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). According to The Land Report, the Microsoft co-founder owns farmland across 18 states, with the largest holdings being in Louisiana (69,071 acres), Arkansas (47,927 acres) and Nebraska (20,588. Now Chinese companies and businessmen are planning to make their home in the United States. 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. It's not part of his plans to save the planet. Bill Gates just bought 2,100 acres of farmland in North Dakota, adding to the 270,000 acres he inexplicably owns throughout the US China also just bought 300 acres there, adding to the 192,000 . 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. Why Is Bill Gates Buying So Much Farmland? How long is it from Michigan to Detroit? 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. 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). 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. Don't miss real-time alerts on your stocks - join Benzinga Pro for free! However, Microsoft wasn't Bill Gates' only successful venture. His 242,000 acres of farmland stretch across 18 states from Washington to Florida,. 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 Then, on Tuesday, the North Dakota attorney general's office sent a letter to the Red River Trust notifying a trustee, Peter Headley, of a Depression-era rule barring companies, LLCs, and trusts from farming and ranching activities in the state. While Gates is still the top farmland owner in the U.S., not all of the property he owns is farmland. 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. 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. We may earn commission if you buy from a link. 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. 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. 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). It reported that as of 2022, Gates owned about 248,000 acres of farmland. Gates believes that subsistence farmers and impoverished peoples will be among the most affected by climate change. 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. Accessed 28 Apr. These rumors, like the present rumor about Gates buying up the majority of farmland in the United States for nefarious purposes, are all false. Bill Gates owns more private farmland in the US than anyone else, an analysis by The Land Report found. Social media users are falsely claiming that Gates owns the majority of U.S. farmland. We need your help. 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). 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. Egg prices havent come down with inflation. Bill Gates and conspiracy theories go together like peanut butter and jelly. 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. 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. He was right when he predicted the COVID-19 epidemic in 2015. But that's just a portion of the vast holdings Gates and his ex-wife, Melinda French Gates, own from sea to shining sea. Darren lives in Portland, has a cat, and writes/edits about sci-fi and how our world works. 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. About 350,000 acres of the U.S. government land in Hawaii were kept for military installations and national parks. Michigan - 2,167 acres; Mississippi - 16,963 acres; Nebraska - 20,588 acres; New Mexico - 1 acre; North Carolina - 874 . Of those states, Gates owns the most land in Louisiana, where he is proprietor of more than 69,000 acres. He has been buying thousands of acres across America. Sign up for notifications from Insider! You're looking into Bill Gates' Red River Trust purchase of . It is unclear how cheap biofuels can be but if they are cheap it can solve the aviation and truck emissions.". Either that or I had a screw loose.
Assetto Corsa Bugatti Test Track,
Youth Basketball Tournaments 2021,
Poems About The American Dream Dying,
List Of Records Broken By Trans Athletes,
Phantom Gourmet Restaurants In Connecticut,
Articles W