While the global climate change initiative is trying to reduce total emissions by the year 2050, the year 2030 is also important. Will Bill Gatess green tech initiatives ever intersect with his growing agricultural empire? Gates is not the only billionaire on The Land Report 's list of top private farmland owners. 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. 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.. Since it works as an investment for him, it also includes the benefits of using land as an . Egg prices havent come down with inflation. Costs are expected to fall in the coming weeks as egg-laying flocks are restored. Check out:How To Invest In Real Estate With $100. Table of Contents show 28. NOW WATCH: Bill Gates has a net worth of over $96 billion here's how he makes and spends his money. Their low fees and competitive returns set them apart from many of the other platforms out there. 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. The total portfolio of farmland is worth well over $700 million. In fact, he reportedly owns more farmland than any other individual in America. (here). The Bill & Melinda Gates Foundation is focused partly on agricultural development to support farmers in sub-Saharan Africa and South Asia. It isless than .1% of all US farmland because the ownership is so diverse. 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. 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 Gates owns roughly 275,000 acres of farmland in the US, according to the 2022 edition of the Land Report 100, a yearly survey of the biggest landowners in the country. The Agriculture Department estimates there are more than 895 million acres of farmland in the U.S., making Gates share 0.028%. Stay up to date with what you want to know. These rumors, like the present rumor about Gates buying up the majority of farmland in the United States for nefarious purposes, are all false. F' off Gates! 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. "With more productive seeds we can avoid deforestation and help Africa deal with the climate difficulty they already face. While this is certainly a lot of acreage, it represents less than 1% of all the farmland in the United States. NOW WATCH: Bill Gates has a net worth of over $96 billion here's how he makes and spends his money, his close friend and Berkshire Hathaway CEO, Warren Buffett, he'll sell what he owns as money goes towards the foundation. Our state produces about 75 percent of the nations tart cherry crop. "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. But the fact remains, as the Daily Mail notes, Gates computer "nerd" and . Download free guide with advice for beginners. He has been buying thousands of acres across America. No, its the Roman Catholic Church. Either that or I had a screw loose. The cost of chicken has also gone up, although not as drastically. Gates' achievement, according to the report, is that he's largest private owner of farmland in the US. That makes him the largest landowner in the U.S. Stats show agriculture is a pretty good investment for. Age Requirements Most ordinances require, Huckleberries are small bright blue, or dark blue, or black berries which grow wild near marshes in Michigan. Read more about our work to fact-check social media posts here . 2022. Follow him on Twitter@LucasNolanor contact via secure email at the addresslucasnolan@protonmail.com, EconomyPoliticsTechBill GatesFarmersfarmlandNorth Dakota. It has been very fulfilling for me and is my full time job," Gates continued. In 2016, he wrote on his blog about the benefits of raising chickens, particularly for people living in poverty. Why am I just learning about this NOW?. However, this practice of buying up agricultural land predates Bill Gates and has been a popular investment for the super-rich since at least the early 2000s. AcreTrader is one of the most well-established farmland crowdfunding platforms out there. By 2019, the USDA says foreign ownership of U.S. acres exceeded 35.2 million acres, a 60 percent increase from the decade prior. Gates is just using farmland to make Agri-Tech and financial investments. He was right when he predicted the COVID-19 epidemic in 2015. Is Gladstone Land Corp (LAND) A Good Investment? Of those states, Gates owns the most land in Louisiana, where he is proprietor of more than 69,000 acres. 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. stated on February 13, 2023 in a Facebook post, Gates investments in plant-based meat and farmland. 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. Read also:Which Billionaire Owns The Most Land In The U.S.? Mar 4, 2009. There were 895.3. I have invested in these farms to make them more productive and create more jobs. 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. What Land Does Bill Gates Own In Michigan? What Bill Gates has to do with livestock, lab-grown meat, Eggflation? Recently, NBC News reported that Bill Gates along with his estranged wife Melinda Gates had acquired more than 269,000 acres of farm in the United States in the past 10 years. Momentum accelerated during the 2008-2009 Great Financial Crisis, when investors grew desperate for alternatives to traditional safe haven investments like bonds and gold. To put it into perspective, if all of Gates land was in one place, it would cover about 25% of Rhode Island. Interestingly enough, though the Bill and Melinda Gates Foundation is working on this agriculture initiative. These posts were flagged as part of Instagrams efforts to combat false news and misinformation. As more investors look to buy land, those who got in earlier are poised to benefit from the appreciation of the land value. Bill Gates was right when he sold his own Microsoft stock to diversify through Cascade in 1994. It was near-perfect timing too, as 2000 would quickly see the infamous tech crash of dot com stocks. Another main feature of the Big Bet is the implementation of the culmination of the Gates Foundations research: specialized GMO seeds for different crops that have been gene edited to be pest-proof, flood proof, disease proof, and climate change-resistant. That makes him the largest landowner in the U.S. Stats show agriculture is a pretty good investment for billionaires. No one but Bill Gates knows that answer. Lucas Nolan is a reporter for Breitbart News covering issues of free speech and online censorship. What Asset Class Is Farmland Considered To Be? Document shows Rebekah Jones demonstrated a violation of Floridas Whistleblower Act. Bill Gates gobbling up Florida farmland; investment arm recently paid $28M for 4,500-acre tract. That's a ginormous deal, one that pencils out to almost $12,000 per acre for a whole lot of acres. Social media users are falsely claiming that Gates owns the majority of U.S. farmland. He recently tried to explain why, and it was a little hard to follow. 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 . How many farms Does Bill Gates Own? The tide began to shift in the early 2000s, when institutional investors began to give farmland a closer look. 1 landowner in the U.S. is billionaire John Malone, the chairman of Liberty Media, who tops . He owns 242,000 acres, which is equivalent to the area of Fannin County GA. 41 on The Land Report's 2022 list of Americans who own the most land. How Long Can You Be Held Without Bond In Michigan? . All quotes delayed a minimum of 15 minutes. Gates has farmlands in Louisiana, Nebraska, Georgia and other areas. Who owns the most land in the world 2021? 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. 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. Are you ready for alternative proteins made from a volcanic microbe?," March 24, 2020, NPR, "Why Bill Gates Is Investing In Chicken-Less Eggs," June 13, 2013, CNN, "Memphis Meats raised $161 million to grow meat from cells," Jan. 22, 2020, Insider, "Bill Gates and Richard Branson backed a food startup which grows meat in labs," Aug. 23, 2017, CNBC, "How Beyond Meat became a $550 million brand, winning over meat-eaters with a vegan burger that bleeds'," Jan. 21, 2019, Quartz, "Bill Gates headlines an all-star list of investors pumping $75 million into meatless burgers," Aug. 2, 2017, CNBC, "How Impossible Burgers simple vision won hundreds of millions in funding and backing from Bill Gates," March 7, 2019, The Washington Post, "Egg prices havent come down with inflation. Today, Bill Gates owns 242,000 acres of farmland in 19 states. 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. The report states that Gates has 70,000 acres of land in North Louisiana where they grow soybeans, corn . He also reportedly owns about 16,000. Bill Gates owns more private farmland in the US than anyone else, an analysis by The Land Report found. 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. 54. 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. His 242,000 acres of farmland stretch across 18 states from Washington to Florida,. Who is the largest landowner in the world? Alongside his investments, Gates has also purchased farmland in at least 19 states, according to The Land Report. 2,167 acres. At the turn of this century, Chinese owners owned about 192,000 acres of farmland in the U.S., according to the USDA. He's the new MacDonald: Bill Gates owns hundreds of thousands of acres across the United States including 242,000 acres of farmland making him the country's top agricultural landholder, according to Eric O'Keefe's The Land Report. 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. By clicking Sign up, you agree to receive marketing emails from Insider Or, have more control over the resources we all use and need. Alongside his investments, Gates has also purchased farmland in at least 19 states, according to The Land Report. Top editors give you the stories you want delivered right to your inbox each weekday. 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. While the Gates' own a lot of farmland, nonfarmers own 283 million acres of farmland throughout the U.S. 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. 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. Amazon founder Jeff Bezos . 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. 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. However, there are also countless farmland investing platforms gaining traction now too. It's hard to visualize just how much land 242,000 acres amounts to unless . Starting in 2013, Gates began investing his billions (through the firm Cascade Investment) in agriculture because of its steady increase in value and low volatility. Here are a few likely reasons why Bill Gates is scooping up farmland: Whatever you may think about the man himself, he has consistently made investing choices that brought him unusual and incredible returns, and this has brought him great wealth when others made the wrong fiscal moves, and lost much. It reported that as of 2022, Gates owned about 248,000 acres of farmland. Gates' farmland purchases, which have mostly been made in the last five years, started in 2017 when he bought $520 million of farmland spread over five dozen properties from the Canada. Is Farmland Partners (FPI) A Good Investment? While BlackRock does not directly own single-family houses, as the worlds largest asset manager (here), it owns stock in companies that do. These allow investors to get stared with as little as $10,000. He created the pledge in 2010 with his then-wife, Melinda French Gates, and his close friend and Berkshire Hathaway CEO, Warren Buffett. 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. What does Weyerhaeuser have to do with Michigan? By Rebecca . Partnering with Monsanto to create these super seeds is also part of the plan. Gates does own a lot of farmland. 2021. Last year, Gates vowed to give away "virtually all" of his fortune to the philanthropic foundation he runs with French Gates. AREA 8 CASH CROPS AND DAIRY Area 8 is the leading cash crop area in Michigan. Gates does not own anywhere close to the majority of America's farmland. While Microsoft took a major hit in the tech crash of 2000, Bill Gates portfolio with Cascade would gain around 40% return in that same year. The old saying about land is they aren't making any more of it. Supply and demand? Business entities have, however, been increasing their presence as owners of rental properties. Bill Gates speaks during the Global Fund's Seventh Replenishment Conference, Wednesday, Sept. 21, 2022, in New York. Gates said during a Reddit AMA: My investment group chose to do this. District of Columbia In the past 20 years, the foundation has grown to hold over $48 billion. Why did he decide to buy in Amish Country? They ripen in late July and early. Hearst Magazine Media, Inc. All Rights Reserved. The billionaire cant seem to do anything without drawing the conspiratorial ire of online netizens. However, the Gates Foundation has been largely transparent at every level of their operations from their objectives, means, successes, and failures. Why Is Bill Gates Buying So Much Farmland? 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 Gates is America's biggest farmer, his 269000 acres farmland grows potatoes and carrots Gates has farmlands in Louisiana, Nebraska, Georgia and other areas. The 2,100 acre potato farm adds to his massive portfolio of farm investments. 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. Investors from the Netherlands own 33% of that land with Canadians owning 25%. Real estate investors overall have also been increasingly targeting single-family homes. 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.. Why Bill Gates Is Investing In Chicken-Less Eggs, Memphis Meats raised $161 million to grow meat from cells, Bill Gates and Richard Branson backed a food startup which grows meat in labs, How Beyond Meat became a $550 million brand, winning over meat-eaters with a vegan burger that bleeds', Bill Gates headlines an all-star list of investors pumping $75 million into meatless burgers, How Impossible Burgers simple vision won hundreds of millions in funding and backing from Bill Gates. The buyer, Red River Trust, is tied to Bill Gates, the largest farmland owner in the US. In the Reddit AMA, he also said he'll sell what he owns as money goes towards the foundation. 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. Bill Gates currently owns over 268,000 acres of American farmland spread out over 19 states. 1800 I Street NW Satellites are on balloons and not in space.. Neither of these are a perfect option. Thus, in Gates mind, its extremely important to help empower these developing peoples before that year comes to fruition. 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. 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 . 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. Billionaire philanthropist and Microsoft Corp. co-founder Bill Gates has found himself at the center of yet another online conspiracy theory. (here). Gates private office, Gates Ventures, told PolitiFact this claim is false. Pregnancy tests include a hidden Plan B pill. 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. These states include: Arizona - 25,750 acres; Arkansas - 47,927 acres . 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. He had accumulated more than 269,000 acres of farmland across 18 states in less than a decade. The other major crops oats and forages are mostly fed to livestock on farms in the area. 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. The Detroit Land Bank Authority (DLBA) is a public authority that owns and manages approximately 100,000 parcels of property in the City of Detroit making it the citys largest landowner.Detroit Land Bank Authority. 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. His . 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. 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. It is unclear how cheap biofuels can be but if they are cheap it can solve the aviation and truck emissions. The transitional land he owns in Arizona is reportedly being built into a suburb. In a 2020 blog post, he wrote, "The rich should pay more than they currently do, and that includes Melinda and me.". Bill Gates and conspiracy theories go together like peanut butter and jelly. 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. Some of the biggest critics of Gates have deemed his philanthropy as a budding technocracy a tyranny of experts that both centralizes power into a private corporations interests. This article will go into detail about how much land Bill Gates owns and why he owns so much. Oversight. 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.
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