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 owns a ton of farmland in the United Statesas in, about 270,000 acres. "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 old saying about land is they aren't making any more of it. Supply and demand? Bill Gates currently owns over 268,000 acres of American farmland spread out over 19 states. Who owns the most farm ground in the US? 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. Breitbart News previously reported that Gates is Americas largest private owner of farmland. 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. 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. Mar 4, 2009. Some are near cities and might end up having other uses.". Theres a lot of little benefits that stack up when talking about farmland, but the biggest is likely the fact that farmland returns historically out performs most other investment vehicles, and is also comparatively the least volatile asset among the bunch. This article Bill Gates Finally Explains Why He's Buying So Much U.S. 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. FILE - Bill Gates attends a discussion during the 'Munich Security Conference' in Munich, Germany, Friday, Feb. 18, 2022. Pregnancy tests include a hidden Plan B pill. 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. Of those states, Gates owns the most land in Louisiana, where he is proprietor of more than 69,000 acres. Chinas American agricultural land holdings have increased over tenfold in the last decade, and at the beginning of 2020, investments from China held $2 billion of American agricultural land. By clicking Sign up, you agree to receive marketing emails from Insider Prior to this in 1999, Bill sold off tons of Microsoft stock to diversify. The Gates Foundation has focused their efforts on alleviating the aftermaths of climate change since its founding. Nov 14, 2022. These posts were flagged as part of Instagrams efforts to combat false news and misinformation. Using those figures, Gates would own about 0.027% of U.S. farmland. But the fact remains, as the Daily Mail notes, Gates computer "nerd" and . Bill Gates: Americas Top Farmland Owner | The Land Report. What Asset Class Is Farmland Considered To Be? 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.. 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. Essentially, by year 2030, the estimated results of what carbon emissions (and their, Eradicate major diseases such as polio, malaria, and HIV, Reduce child death by half across the developing countries in Africa, Educate and empower small-holder farmers through mobile banking, Featured in the agricultural side of their plan is a strategy for. One of the most prevalent claims related to Gates and the potential for food shortages is that the billionaire owns a suspicious amount of farmland in the United States. Amazing, if truebut its extremely not. 28. Eggs have become expensive and scarce in some parts of the country. This informational is by no means a promotion, solicitation, or recommendation of any specific investment. 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. Try the tool that will help you invest smarter, faster, and better. The 2,100 acre potato farm adds to his massive portfolio of farm investments. F' off Gates! Although Gates owns these farms, he isnt changing their practices. Best Farmland Investing Platforms Non-Accredited, Best Canadian Farmland Investing Platforms. (here) (here). "Those people are upset, but there are others that are just livid about this.". The publication named Gates the countrys largest private farmland owner in 2020, 2021 and 2022. 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. An ingredient in some of Chick-fil-As dipping sauces can cause serious health problems. State law prohibits corporations, LLCs, and trusts from farming or ranching activities. In fact, Gates is the owner of over. In a March 2021 "Ask Me Anything" session on Reddit, Gates was asked why he had purchased so much farmland. As more investors look to buy land, those who got in earlier are poised to benefit from the appreciation of the land value. Heres why. The state is investigating the purchase of potato farmland by the Gates-linked trust, with the states Attorney General writing in a letter that it wasprohibited from owning or leasing farmland or ranchland in the state of North Dakota.. It is unclear how cheap biofuels can be but if they are cheap it can solve the aviation and truck emissions.". Microsoft co-founder Bill Gates is America's top private farmland owner. Read more about our work to fact-check social media posts here . Today, Bill Gates owns 242,000 acres of farmland in 19 states. Gates' 242,000 acres amounts to about 0.03% of the total. 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. Bill Gates owns almost as much U.S. agricultural land as China at 248,000 acres, . Gates has farmlands in Louisiana, Nebraska, Georgia and other areas. 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. 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. Over the last decade, Bill Gates has invested in multiple companies, including Beyond Meat and Impossible Foods, that develop plant-based meat alternatives. Gates owns less than 1% of the nations farmland. The buyer, Red River Trust, is tied to Bill Gates, the largest farmland owner in the US. 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). 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. Every single Republican blocked Ketanji Brown Jacksons SCOTUS appointment.. According to 2021 article from the Land Report, a magazine about land. During his 11th appearance in the "Ask Me Anything" . How can this inform our personal investment decisions? 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. With over 242,000 acres of farmland, Bill Gates is America's biggest farmland owner, and his ownership may be connected to climate change and plant-based meat substitutes. Purchasing your own farm outright means that you are not diversified across many farms; just 1. Is Gladstone Land Corp (LAND) A Good Investment? Is this just a regular investment move, made on a large scale? The financial crisis later in that same decade prompted an explosion of investments into farmland when monetary safe havens became scarce. 54. As the Land Report notes, 24,800 acres of the land istransitional, located on the western edge of Phoenix, the tenth-largest metropolitan area in the country, and the mostpopulous city in Arizona. 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 . He had accumulated more than 269,000 acres of farmland across 18 states in less than a decade. According to a January 2021 article by The Land Report, Gates owned 242,000 acres of farmland through two investment management firms - Cottonwood Ag Management and Cascade Investment (here). Farmland originally appeared on Benzinga.com. FPI is internally managed and the company owns farms in 16 states, including Alabama, Arkansas, California, Colorado, Florida, Georgia, Illinois, Kansas, Louisiana, Michigan, Mississippi,. Prime soils and the moderating, Best Strip Clubs For 18 And Over in Detroit, Michigan. If youve been on the fence about getting into farmland, maybe now is the time to reconsider. Check out current deals on AcreTrader now! However, Microsoft wasn't Bill Gates' only successful venture. Billionaire philanthropist and Microsoft Corp. co-founder Bill Gates has found himself at the center of yet another online conspiracy theory. The 2,100 acre potato farm adds to his massive portfolio of farm investments. Accessed 28 Apr. 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. This position in Microsoft was quickly funneled by Cascade Investment into this long term growth strategy. Farmland Riches, LLC and the owners may have investments in companies represented on the AcreTrader platform. Why? The Guardian, 5 Apr. Talk about big bets. 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. That makes him the largest landowner in the U.S. Stats show agriculture is a pretty good investment for. The tweet had gathered over 215,000 likes at the time of writing. 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. 11 Jan. 2021, https://landreport.com/2021/01/bill-gates-americas-top-farmland-owner/. Northern Kansas land sale averages $3,500 per acre. Gates has been asked about his farmland purchases before. Who owns the most property in Detroit Michigan? Are you ready for alternative proteins made from a volcanic microbe? 3. Bill Gates Is the Biggest Private Owner of Farmland in the United States. Download free guide with advice for beginners. While private companies and corporations are increasing . In the Reddit AMA, he also said he'll sell what he owns as money goes towards the foundation. Former Microsoft CEO Bill Gates owns a majority of America's farmland. to not use their land, is working towards their real agenda. Bill GatesWith almost 269,000 acres, Bill Gates retained his ranking as Americas largest private farmland owner. This material may not be reproduced without permission. The mogul's holdings include large tracts in Illinois, Iowa, Louisiana, California, and about a dozen other states. The other major crops oats and forages are mostly fed to livestock on farms in the area. This article was produced by the Reuters Fact Check team. Will Bill Gatess green tech initiatives ever intersect with his growing agricultural empire? Why am I just learning about this NOW?. AREA 8 CASH CROPS AND DAIRY Area 8 is the leading cash crop area in Michigan. Where Does Bill Gates Own Farmland in the US. Should we be worried about a tech giant like Bill Gates amassing this wild amount of land? Plum Creek, headquartered in Seattle, Washington, is the largest private landowner in Michigan after purchasing 650,000 acres in 2005. As of 2020, industry reports show he owned about 0.027% of U.S. farmland. Bill Gates gobbling up Florida farmland; investment arm recently paid $28M for 4,500-acre tract. Their low fees and competitive returns set them apart from many of the other platforms out there. 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. He owns 242,000 acres, which is equivalent to the area of Fannin County GA. In his Reddit AMA last year, one user said, "What do you plan to do with all the farmland you have purchased? 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. Sign up for our newsletter for the latest tech news and scoops delivered daily to your inbox. But these land holdings account for only a tiny share of the countrys total farmland. AcreTrader is one of the most well-established farmland crowdfunding platforms out there. He recently tried to explain why, and it was a little hard to follow. In 2000, the new Gates foundation launched with Bill, Melinda, and Warren Buffet on the trustee board. Climate Connection. 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. Gates does own a lot of farmland. RELATED: What Bill Gates has to do with livestock, lab-grown meat, RELATED: Eggflation? In 2020, Gates made headlines for becoming the largest private farmland owner in the U.S. 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 April 2022, conspiracy theorists insinuated that billionaire Bill Gates was buying up "the majority" of American farmland as part of a diabolical plot to cause widespread food shortages. 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. All rights reserved. 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. Not all of these owners are American; in fact, the portion of farmland that is foreign-owned has grown about 60 percent in the last decade, from 22 million acres in 2009 to 35.2 million . This article will go into detail about how much land Bill Gates owns and why he owns so much. These states include: Arizona - 25,750 acres; Arkansas - 47,927 acres . It has been very fulfilling for me and is my full time job," Gates continued. Owning farmland is one of the most prudent financial investments to make now. District of Columbia Photo of electric charging station powered by diesel generator is emblematic of the electric vehicle movement. These allow investors to get stared with as little as $10,000. Which Billionaire Owns The Most Land In The U.S.? Amazon founder and chairman Jeff Bezos has amassed 420,000 acres in recent years. Follow him on Twitter@LucasNolanor contact via secure email at the addresslucasnolan@protonmail.com, EconomyPoliticsTechBill GatesFarmersfarmlandNorth Dakota. 2021. Official: Michigan State gunman had note threatening 2 New Jersey schools. Other noteworthy farmland investors include Ted Turner and Thomas Peterffy. Toxic chemicals known as PFAS, or per- and, 2 hours, 2 minutes. How many farms Does Bill Gates Own? 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. Chicken nuggets and cream cheese grow in trays in a South Side lab. With more productive seeds we can avoid deforestation and help Africa deal with the climate difficulty they already face. Gates started purchasing farmland circa 2013 through his investment group, Cascade Investments. The portion of land that isn't owned by farmers varies widely regionally; in some areas, almost 80 percent of agricultural land is held by non-operators. . Wonderful Company cofounders Stewart and Lynda Resnick (net worth: $7.1 billion) ranked number three . Weyerhaeuser purchase Plum Creek in 2015 for over $8 Billion! Your membership is the foundation of our sustainability and resilience. The figure is far below the total area of U.S. farmland. Oct 22, 2014. What is the most profitable crop in Michigan? Our Standards: The Thomson Reuters Trust Principles. Recently, Bill Gates has purchased 300,000 acres of farmland, you would think that buying all of the farmland would be bigger news than Elon Musk buying all of Twitter (here). How Many Hours Is It From Detroit To Michigan? Lucas Nolan is a reporter for Breitbart News covering issues of free speech and online censorship. 22. Read also:Which Billionaire Owns The Most Land In The U.S.? Neither of these are a perfect option. Access your favorite topics in a personalized feed while you're on the go. Agriculture and the National Bureau of Agricultural Statistics, in the United States there are 362,315,055 hectares of farmland. What Part Of Michigan Is Considered The Upper Peninsula? 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. 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. 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. This is a sponsored promotion for the AcreTrader platform. Thus, before we answer these questions, we are going to provide a brief summary of his financial history. Sign up for notifications from Insider! What special interest does Bill Gates have in farmland? By Dec. 31, 2022, the Agriculture Department reported 43 million egg-laying hens had died because of the disease or depopulation. (Read more about our partnership with Meta, which owns Facebook and Instagram.). Claims online that billionaire Microsoft co-founder Bill Gates owns the majority of U.S. farmland and that BlackRock, the worlds largest asset manager, owns the majority of U.S. single-family houses are factually inaccurate, according to industry data and spokespeople for Gates and BlackRock. 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. Thetech billionaire owns69,071 acres inLouisiana,47,927 acres inArkansas, and 20,588 acres inNebraska. 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. Since his divorce, it is unclear how the assets were split up between the couple. 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. 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. No, its the Roman Catholic Church. While Gates does not own the majority of U.S. farmland, he is the largest private farmland owner, according to The Land Report. Any why now after years of massive success? The counties with the most total acres of foreign-owned ag land are Keweenaw, Baraga and Alger. 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. Our only agenda is to publish the truth so you can be an informed participant in democracy. 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. He also reportedly owns about 16,000. Across the nation, Gates' affiliates . In 2018, Michigan produced 297 million bushels of corn grain, worth $1 billion. Essentially, by year 2030, the estimated results of what carbon emissions (and their effect on the environment) will look like in 2050 will be decided in full.