The Agriculture Department has said the avian flu outbreak in the U.S. is the main contributor to low inventory and high prices. Gates does own a lot of farmland. 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. Access your favorite topics in a personalized feed while you're on the go. 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. 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. 2022. 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. 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. But the fact remains, as the Daily Mail notes, Gates computer "nerd" and vaccination enthusiast "has been revealed as the biggest private owner of farmland in the US, after buying up 242,000 acres in 18 states.". It reported that as of 2022, Gates owned about 248,000 acres of farmland. There are 94.6 million single-family houses in the United States, according to the latest data available from the U.S. Census Bureau American Housing Survey (2019) (bit.ly/3seI7kV). Toxic chemicals known as PFAS, or per- and, 2 hours, 2 minutes. 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. As of 2020, industry reports show he owned about 0.027% of U.S. farmland. 20006, Florida This is a sponsored promotion for the AcreTrader platform. Lucas Nolan is a reporter for Breitbart News covering issues of free speech and online censorship. Why doesnt everyone just invest in farmland then? Bill Gates-Tied $13M Farmland Purchase Angers North Dakotans The counties with the most total acres of foreign-owned ag land are Keweenaw, Baraga and Alger. According to 2021 article from the Land Report, a magazine about land ownership, Gates owns approximately 242,000 acres of farmland. The figure cited by The Land Report was subsequently reported by major news outlets including Business Insider and Forbes (here), (here). By Jenna Hoffman July 5, 2022. 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. Or, have more control over the resources we all use and need. Using those figures, Gates would own about 0.027% of U.S. farmland. In addition, the law places certain limitations on the ability of trusts to own farmland or ranchland, the letter said. 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.. Bill Gates' farmland purchase raises red flags 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. How can this inform our personal investment decisions? Hes also written about the need for more ways to produce meat without depleting environmental resources. Document shows Rebekah Jones demonstrated a violation of Floridas Whistleblower Act. The report states that Gates has 70,000 acres of land in North Louisiana where they grow soybeans, corn, cotton. 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. Try the tool that will help you invest smarter, faster, and better. According to the Harvard Joint Center for Housing Studies (JCHS) (here), using data of the Rental Housing Finance Survey, between 2001 and 2018 the proportion of rental properties owned by non-individual investors, which include partnerships, trustees for estate, real estate corporations, real estate investment trusts, and other entities, increased from 18% to 26%. Bill Gates: Americas Top Farmland Owner | The Land Report. His 242,000 acres of farmland stretch across 18 states from Washington to Florida,. 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. Climate Connection. Heres why.," Jan. 10, 2023. (here). Water bills are soaring in some areas as infrastructure deteriorates, a recent University of Michigan study found. 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.. Where does Bill Gates own farmland in Illinois? - 2023 North Dakotans are outraged as Bill Gates, the largest private farmland owner in the US, apparently buys a $13.5 million potato farm Dominick Reuter Jun 24, 2022, 8:13 AM Leon Neal/Getty. Snopes and the Snopes.com logo are registered service marks of Snopes.com. At the turn of this century, Chinese owners owned about 192,000 acres of farmland in the U.S., according to the USDA. 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. Sign up for notifications from Insider! Today, Bill Gates owns 242,000 acres of farmland in 19 states. Drinking or using tap water treated with chlorine is dangerous because chlorine is a poison., Obama imposed stricter rules on trains carrying toxins. Youre not investing in a building that will decay over time, but the rich farmland itself. He also reportedly owns about 16,000. Gates does own a lot of farmland. While BlackRock does not directly own single-family houses, as the worlds largest asset manager (here), it owns stock in companies that do. His . 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. So why does Bill Gates, and other billionaires like him, keep buying up so much farmland? The total portfolio of farmland is worth well over $700 million. He has invested in multiple companies developing artificial or plant-based alternatives to meat, but he supports chicken farming and agricultural development. Stay up to date with what you want to know. 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). The mogul's holdings include large tracts in Illinois, Iowa, Louisiana, California, and about a dozen other states. A 2018 purchase of 14,500 acres of prime eastern Washington farmland - which is. While the global climate change initiative is trying to reduce total emissions by the year 2050, the year 2030 is also important. The timeline of events leading to the shortages, claim multiple Instagram posts, goes like this: "2013: Bill Gates invests (in) plant-based eggs, poultry, and meat", "2021: Bill Gates becomes the largest private farmland owner in the U.S.", "2021-2023: Mass chicken and egg shortages hit American farms", The Gateway Pundit, a conservative website, shared a similar claim. The figure is far below the total area of U.S. farmland. 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. 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. It's not part of his plans to save the planet. 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. 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). 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 transitional land he owns in Arizona is reportedly being built into a suburb .. What they are doing locking up land, not just private land, but in Wilderness Areas, National anything to do with land, Conservation programs that literally pay farmers, dairymen, etc. 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 . Bill Gates is the largest farmland owner in America: report - New York Post Why Bill Gates is the largest private farmland owner in the United Michigan. Bill Gates does not own the majority of U.S. farmland. Read also:Which Billionaire Owns The Most Land In The U.S.? Why? 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. Bill Gates gobbling up Florida farmland | News | sharonherald.com In fact, he reportedly owns more farmland than any other individual in America. The Gates have been quietly acquiring farmland through their investment manager, Cascade Investment, for over 10 years. to not use their land, is working towards their real agenda. Plum Creek, headquartered in Seattle, Washington, is the largest private landowner in Michigan after purchasing 650,000 acres in 2005. That makes him the largest landowner in the U.S. Stats show agriculture is a pretty good investment for. 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. Either that or I had a screw loose. 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. 3. That's a ginormous deal, one that pencils out to almost $12,000 per acre for a whole lot of acres. 420,000 acresBill and Melinda Gates prior to their divorce accumulated roughly 270,000 acres of farmland in less than a decade. Owning farmland is one of the most prudent financial investments to make now. In 2000, the new Gates foundation launched with Bill, Melinda, and Warren Buffet on the trustee board. Conservatives are vowing to never drink Heineken again after it was recently revealed that billionaire Bill Gates acquired a minority stake in the popular brewing company. Are you ready for alternative proteins made from a volcanic microbe? Prime soils and the moderating, Best Strip Clubs For 18 And Over in Detroit, Michigan. Charlie Kirk EXPOSES Shocking, Highly Worrisome Reason Why Bill Gates The Bill & Melinda Gates Foundation is focused partly on agricultural development to support farmers in sub-Saharan Africa and South Asia. To put it into perspective, if all of Gates land was in one place, it would cover about 25% of Rhode Island. He was right when he predicted the COVID-19 epidemic in 2015. Prior to this in 1999, Bill sold off tons of Microsoft stock to diversify. In 2020, Gates made headlines for becoming the largest private farmland owner in the U.S. 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. Report: Bill Gates is largest owner of private farmland in U.S., with Across the nation, Gates' affiliates . 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 position in Microsoft was quickly funneled by Cascade Investment into this long term growth strategy. Bill Gates Our state produces about 75 percent of the nations tart cherry crop. All quotes delayed a minimum of 15 minutes. I have invested in these farms to make them more productive and create more jobs. What Returns Should You Expect From Farmland Investing? Heres why. Bill Gates reveals reasons behind massive farmland purchases - Farmland Riches where is bill gates' farmland in michigan. 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. It is not connected to climate. 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. Social media post scrambles the facts on high egg prices," Jan. 13, 2023, Various searches on Google and Nexis, accessed Jan. 24, 2023, The Land Report, "Farmer Bill," Jan. 11, 2021, The Land Report, "Bill Gates is About to Change the Way America Farms," Winter 2020 magazine issue, The Land Report 100, Winter 2021 magazine issue, The Land Report 100, Winter 2022 magazine issue, Email exchange, Eric OKeefe, editor, The Land Report, Jan. 23, 2023, Email exchange, Gates Ventures, Jan. 24, 2023, GatesNotes, "Future of food," March 18, 2013, GatesNotes, "What the plow and lab-grown meat tell us about innovation," Feb. 27, 2019, GatesNotes, "Is there enough meat for everyone?," April 21, 2015, GatesNotes, "Why I would raise chickens," June 7, 2016, U.S. Bureau of Labor Statistics, "Consumer Price Index," Jan. 12, 2023, U.S. Department of Agriculture, "Avian influenza outbreaks reduced egg production, driving prices to record highs in 2022," Jan. 11, 2023, U.S. Department of Agriculture, "2022-2023 Confirmations of Highly Pathogenic Avian Influenza in Commercial and Backyard Flocks," Jan. 18, 2023, U.S. Department of Agriculture, "Avian Influenza," Jan. 18, 2023, U.S. Department of Agriculture, "Farms and Land in Farms, 2021 Summary," February 2022, Reddit, Bill Gates Ask Me Anything, March 19, 2021, Bill & Melinda Gates Foundation, "Agricultural Development," accessed Jan. 24, 2023, Associated Press, "Bill Gates owns a lot of American farmland, but not the majority," May 2, 2022, Vox, "The controversy over Bill Gates becoming the largest private farmland owner in the US," June 11, 2021, NBC News, "McDonald's french fries, carrots, onions: all of the foods that come from Bill Gates farmland," June 8, 2021, Reuters, "Fact Check-Bill Gates doesnt own most U.S. farmland; BlackRock doesnt own most houses," May 5, 2022, CNBC, "Bill Gates and Richard Branson are betting lab-grown meat might be the food of the future," March 23, 2018, CNBC, "Bill Gates bets on growing demand for sustainable foods," May 14, 2015, Bloomberg News, "Lab-Grown Meat Backed by Gates, Tyson Foods Faces U.S. In Washington, the duo owns more than 14,000 acres of farmland that includes potato . Download free guide with advice for beginners. 1800 I Street NW These subsistence farmers can order equipment and seeds they need, paying what they can over a longer period of time. Bill Gates Doesn't Own That Much Farmland | Aaron Smith Eggs have become expensive and scarce in some parts of the country. But the fact remains, as the Daily Mail notes, Gates computer "nerd" and . 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. Gates and his investment team own more than 240,000 acres, as reported by O'Keefe, including 2,167 acres in Michigan. Officially, the general public doesnt know exactly what Bill Gates growing farmland estate is being used for. Bill Gates Attempts to Explain Why He Bought More Farmland - Futurism 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. Land Values: Here's a look at the top 10 absentee landowners in central Illinois, and where they own farmland. Oversight," June 15, 2018, The Chicago Tribune, "Chicken nuggets and cream cheese grow in trays in a South Side lab. Over time, Gates sold personal stock in Microsoft and reinvested it through Cascade Investment. Bill Gates-Linked Trust Probed For Buying Up Farmland In North Dakota 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. By clicking Sign up, you agree to receive marketing emails from Insider This article was produced by the Reuters Fact Check team. 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. "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. Bill Gates purchase of a large patch of land in North Dakota has sparked fury and conspiracy theories on social media after the Microsoft billionaire secured legal approval to purchase the 2,100 acres of farmland in the state last week. He had accumulated more than 269,000 acres of farmland across 18 states in less than a decade. Bill Gates owns almost as much U.S. agricultural land as China at 248,000 acres, . What Part Of Michigan Is Considered The Upper Peninsula? Why Is Bill Gates Buying Farm Land? He created the pledge in 2010 with his then-wife, Melinda French Gates, and his close friend and Berkshire Hathaway CEO, Warren Buffett. 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. Please let us know if you're having issues with commenting. The Consumer Price Index shows chicken prices, including fresh whole chicken and fresh or frozen chicken parts, have increased 11% over the last year. These posts were flagged as part of Instagrams efforts to combat false news and misinformation. It is unclear how cheap biofuels can be but if they are cheap it can solve the aviation and truck emissions." Back in January, US magazine The Land Report revealed that Bill and Melinda Gates have amassed the largest portfolio of private farmland in the US, comprising an estimated 242,000 acres. Should we be worried about a tech giant like Bill Gates amassing this wild amount of land? 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). The total portfolio of farmland is worth well over $700 million. Gates private office, Gates Ventures, told PolitiFact this claim is false. In the past 20 years, the foundation has grown to hold over $48 billion. About 350,000 acres of the U.S. government land in Hawaii were kept for military installations and national parks. This article Bill Gates Finally Explains Why He's Buying So Much U.S. Gates is just using farmland to make Agri-Tech and financial investments. But unlike those men, Gilbert has plans to redevelop his properties and not just sit on them. We need your help. Bill Gates (AP Images) Bill Gates is buying up America's farmland. As reported by Bloomberg . In fact, in June of 2022 he secured an additional 2,100 acres of farmland in North Dakota for roughly $13.5 million. Infected flocks are culled to prevent the flu from spreading. There were 895.3 million acres of farmland in America in 2021, according to a 2022 reportfrom the Department of Agriculture. Bill Gates Is Buying Up American Farmland. But Why? 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. (AP). Bill Gates Becomes the Largest Farmland Owner in the United - People In 2018, Michigan produced 297 million bushels of corn grain, worth $1 billion. Farmland originally appeared on Benzinga.com. 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 . Northern Kansas land sale averages $3,500 per acre. Not only was he no longer reliant on his own companys success for his own personal wealth, but he set himself up to make even bigger moves in the decades to come. 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. What does Weyerhaeuser have to do with Michigan? However, the Gates Foundation has been largely transparent at every level of their operations from their objectives, means, successes, and failures. The other major crops oats and forages are mostly fed to livestock on farms in the area. Although Gates owns these farms, he isnt changing their practices. Bill Gates uses farmland as an investment outlet buying up - NBC News Thetech billionaire owns69,071 acres inLouisiana,47,927 acres inArkansas, and 20,588 acres inNebraska. 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. 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. However, there are also countless farmland investing platforms gaining traction now too. What Asset Class Is Farmland Considered To Be? Check out current deals on AcreTrader now! Talk about big bets. Bill and Melinda released their latest initiative, Bill Gates Big Bet, where the Foundation states theyre betting on the major success of developing nations within the next 15 years, hoping to see more improvement than at any time in history. Bill left most of his professional work at Microsoft at this time to work with Melinda and 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. AcreTrader is one of the most well-established farmland crowdfunding platforms out there. An archived version of the tweet can be found (archive.ph/8Tq36). 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. Bill Gates and his estranged wife Melinda Gates have accumulated more than 269,000 acres of farmland across 18 American states. Bill Gates is America's biggest farmer with 269000 acres farmland which 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 . Hearst Magazine Media, Inc. All Rights Reserved. How old do you have to be to strip? The mainland Chinese company Sino-Michigan Properties LLC has paid $1.9 million for 200 acres of undeveloped land in Milan, Michigan. 2022. Some of the links on this site are affiliate links. According to Redfin, single-family housing represented over 70% of the properties purchased by investors in the third quarter of 2021 (here). It is unclear how cheap biofuels can be but if they are cheap it can solve the aviation and truck emissions. Who knows. Momentum accelerated during the 2008-2009 Great Financial Crisis, when investors grew desperate for alternatives to traditional safe haven investments like bonds and gold. 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. His idea, like many others, was to diversify his investments across different asset classes. China has steadily accumulated U.S. Treasury securities over the last few decades. The transitional land he owns in Arizona is reportedly being built into a suburb. State law prohibits corporations, LLCs, and trusts from farming or ranching activities. In this short period of time, there was a proliferation in funds that were specifically focused on farmland investing. Benzinga does not provide investment advice. 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. 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. As more investors look to buy land, those who got in earlier are poised to benefit from the appreciation of the land value. Since it works as an investment for him, it also includes the benefits of using land as an . Why Is Bill Gates Buying Farmland? You'll be Surprised Returns from farmland have actually outpaced the stock market in recent years with significantly less volatility. Which Billionaire Owns The Most Land In The U.S.? In 1994, Bill Gates opened up his family office, Cascade Investment LLC, with trusted wealth manager Michael Larson.

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