While the global climate change initiative is trying to reduce total emissions by the year 2050, the year 2030 is also important. 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. Bill Gates Becomes the Largest Farmland Owner in the United - People 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 2000, the new Gates foundation launched with Bill, Melinda, and Warren Buffet on the trustee board. Bill Gates Doesn't Own That Much Farmland | Aaron Smith 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. Why Farmers Are Worried About Bill Gates (And Other Non-Farming Land Gates responded: "I own less than 1/4000 of the farmland in the US. Bill Gates is buying up the majority of American farmland and BlackRock is buying the majority of single-family houses but I'm supposed to believe the biggest threat to us is Elon Musk buying Twitter? one Twitter user wrote (here). The Guardian, https://www.theguardian.com/commentisfree/2021/apr/05/bill-gates-climate-crisis-farmland. Stay up to date with what you want to know. According to 2021 article from the Land Report, a magazine about land. Bill Gates owns a lot of farmland. | Iowa Hawkeyes fan forums - Go Iowa Microsoft co-founder Bill Gates is America's top private farmland owner. 54. It is unclear how cheap biofuels can be but if they are cheap it can solve the aviation and truck emissions.". There were 895.3. Suggests that since mostly Democrats vote early then that represents made-up ballots or dead people voting.. In his annual Reddit AMA Wednesday, Gates was asked why he has bought so much farmland. Gates' achievement, according to the report, is that he's largest private owner of farmland in the US. Our office needs to confirm how your company uses this land and whether this use meets any of the statutory exceptions, such as the business purpose exception, so that we may close this case and file it in our inactive files, the letter added. 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. Gates is just using farmland to make Agri-Tech and financial investments. Based on Bill Gates budding friendship with Warren Buffett, Cascade adopted much of Buffets approach to investing: invest in good companies, and hold long term to see healthy returns. The counties with the most total acres of foreign-owned ag land are Keweenaw, Baraga and Alger. 2,167 acres. 727-821-9494. stated on January 22, 2023 in an Instagram post: The U.S. chicken and egg shortage is linked to Bill Gates. Benzinga does not provide investment advice. Some are near cities and might end up having other uses.". Since it works as an investment for him, it also includes the benefits of using land as an . Gates' 242,000 acres amounts to about 0.03% of the total. 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. Check out:How To Invest In Real Estate With $100. According to a 2022 report from the U.S. Department of Agriculture and the National Agriculture Statistics Service, there are 895,300,000 acres of farmland in the U.S. Gates owns roughly 242,000 acres, about 0.03% of the total. Many people wonder why Bill Gates would make these moves with his investment portfolio. In fact, in June of 2022 he secured an additional 2,100 acres of farmland in North Dakota for roughly $13.5 million. Other examples can be seen (here), (here). 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. The transitional land he owns in Arizona is reportedly being built into a suburb. This position in Microsoft was quickly funneled by Cascade Investment into this long term growth strategy. These posts were flagged as part of Instagrams efforts to combat false news and misinformation. AcreTrader is one of the most well-established farmland crowdfunding platforms out there. While the Gates' own a lot of farmland, nonfarmers own 283 million acres of farmland throughout the U.S. In 2016, he wrote on his blog about the benefits of raising chickens, particularly for people living in poverty. 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 Defends Farmland Purchases: 'There Isn't Some Grand Scheme' 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. February 27, 2023, 11:49 AM. Youre not investing in a building that will decay over time, but the rich farmland itself. TheNew York Post reportsthat public records recently cited by AgWeek reveal that an entity called Red River Trust with links to billionaire Bill Gates recently purchased 2,100 acres of potato farmland in northern North Dakota, prompting state officials to intervene after complaints from local residents. In that same Reddit AMA from 2021, the one where Gates separated his land investments from his sustainability initiatives, he also mentioned the importance of productive seeds to avoid deforestation as well as the production of biofuels, which relies heavily on corn, in the very same answer. Darren lives in Portland, has a cat, and writes/edits about sci-fi and how our world works. 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. Best Farmland Investing Platforms Non-Accredited, Best Canadian Farmland Investing Platforms. 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. How Old Do I Have To Be To Go To A Strip Club In Michigan? How can this inform our personal investment decisions? The Gates have been quietly acquiring farmland through their investment manager, Cascade Investment, for over 10 years. "Those people are upset, but there are others that are just livid about this.". FILE - Bill Gates attends a discussion during the 'Munich Security Conference' in Munich, Germany, Friday, Feb. 18, 2022. Why Bill Gates' Purchase of Farmland Concerns Conspiracy Theorists 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. Nebraska has the third-most Gates-owned farmland in the nation. Bill Gates is best-known for cofounding Microsoft, but he's also a major US landowner, having bought 275,000 acres of farmland. Breitbart News previously reported that Gates is Americas largest private owner of farmland. In 2020, there were 166 such funds globally, nearly a 9x increase from only 19 in 2005. While Gates is still the top farmland owner in the U.S., not all of the property he owns is farmland. He has been buying thousands of acres across America. As per the report, the Gates have their own land in at least 18 American states. This is because of more intense seasons of drought and rain. Where Does Bill Gates Own Farmland in the US. Eggs have become expensive and scarce in some parts of the country. Gates has farmlands in Louisiana, Nebraska, Georgia and other areas. 2021. By Rebecca . . Gates believes that subsistence farmers and impoverished peoples will be among the most affected by climate change. Nancy Pelosi (purchased) 10,000 shares of Amgen, manufacturer of Nplate, a drug used to treat radiation sickness.. Bill Gates: Americas Top Farmland Owner | The Land Report. In 1994, Bill Gates opened up his family office, Cascade Investment LLC, with trusted wealth manager Michael Larson. Gates-affiliated ownership covers vast swaths of farm and timberland, estimated to be 69,071 acres in all by niche land ownership publication The Land Report. 2022. But there is no evidence these investments are linked to a nationwide shortage in chicken and egg products. No one but Bill Gates knows that answer. Alongside his investments, Gates has also purchased farmland in at least 19 states, according to The Land Report. With more productive seeds we can avoid deforestation and help Africa deal with the climate difficulty they already face. Perhaps history is repeating itself? Thus, before we answer these questions, we are going to provide a brief summary of his financial history. Report: Bill Gates is largest owner of private farmland in U.S., with 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. Why doesnt everyone just invest in farmland then? 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. Who are the biggest absentee landowners in Illinois? (AP). North Dakota Investigates Farmland Purchases by Trust Linked to Bill Gates Bill Gates' 20,000 acres in Nebraska help make him the top farmland 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 Asked Why He's Buying So Much US Farmland: Here's His Answer Hes the largest landowner in the United States. What Part Of Michigan Is Considered The Upper Peninsula? Bill Gates and his estranged wife Melinda Gates have accumulated more than 269,000 acres of farmland across 18 American states. Corn production is concentrated in the Lower Peninsula with Saginaw and Lenawee counties as Michigans largest producers. Prime soils and the moderating, Best Strip Clubs For 18 And Over in Detroit, Michigan. Valuations of equities (stocks) are at all time highs, similar to the dot-com bubble. Bill Gates' 242,000 Acres of Farmland Could Be Split in Divorce 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. 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. Some of the links on this site are affiliate links. Across the nation, Gates' affiliates . Breitbart News reporter Alana Mastrangelo wrote: Gates is now America's largest private farmland owner, with hundreds of thousands of acres spanning across 19 U.S. states, according to the Land Report. By divesting his personal wealth from his own thriving tech company, and diversifying into myriads of other non-tech based businesses, he was not only exceptionally protected against the tech crash of 2000, but made out like a bandit. 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. Or, have more control over the resources we all use and need. It's hard to visualize just how much land 242,000 acres amounts to unless . 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. Billionaire Bill Gates explains why he buys a lot agricultural land - Photo: BENZINGA. 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. 420,000 acresBill and Melinda Gates prior to their divorce accumulated roughly 270,000 acres of farmland in less than a decade. Bill GatesWith almost 269,000 acres, Bill Gates retained his ranking as Americas largest private farmland owner. Gates' interest in farmland is still strong. In April 2022, researchers warned about the potential risk of a global food shortage, spurred on in part by Russia's ongoing attacks on Ukraine. Suggests virologists death is linked to COVID-19 vaccines. You're looking into Bill Gates' Red River Trust purchase of . While Gates does not own the majority of U.S. farmland, he is the largest private farmland owner, according to The Land Report. St. Petersburg, FL Social media users are falsely claiming that Gates owns the majority of U.S. farmland. Drinking or using tap water treated with chlorine is dangerous because chlorine is a poison., Obama imposed stricter rules on trains carrying toxins. Bill Gates is America's biggest farmer with 269000 acres farmland which Bill is now the biggest owner of farmland in 2022 a great hedge asset against rising inflation. His . Since its IPO in 1985, Microsoft has seen continual success. The major cash crops are field beans, sugar beets, corn and wheat. Data gathered by The Land Report and NBC News show that their land holdings range from 70,000 acres in north Louisiana, where their farmland grows soybeans, corn, cotton and rice, to 20,000 acres . All quotes delayed a minimum of 15 minutes. Sign up for notifications from Insider! 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. Bill and Melinda Gates also cracked the Land Report's Top 100 Landowners for the first time coming in at number 49. 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. Although Gates owns these farms, he isnt changing their practices. 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. Either that or I had a screw loose. In addition, the law places certain limitations on the ability of trusts to own farmland or ranchland, the letter said. I have invested in these farms to make them more productive and create more jobs. Oversight. Roman Catholic Church: 70 million hectares The largest landowner in the world is not a major oil magnate or a real estate investor. 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. Michigan Muslim Group Warns State That LGBTQ Bill Might Be Unconstitutional CAIR has objected to the Michigan Senate's passage of an expanded version of a state human-rights law protecting LGBTQ . Bill Gates Is America's Largest Private Owner of Farmland - Breitbart During times of uncertainty, people often look for someone to blame, and peddlers of misinformation are quick to tell others at whom they should be pointing their fingers. The report states that Gates has 70,000 acres of land in North Louisiana where they grow soybeans, corn, cotton. Momentum accelerated during the 2008-2009 Great Financial Crisis, when investors grew desperate for alternatives to traditional safe haven investments like bonds and gold. 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.. The North Dakota purchase would put those total holdings at more than 270,000 acres, though it's not clear how the property is being divided following Gates and French Gates' divorce last year. Does Michigan Allow Personal Tax Exemptions? 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. 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. 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. Conspiracy Theorists claimed last year that the Microsoft founder was buying up farmland in the U.S. to starve Americans for some unknown reason, Snopes said, after researchers said in April that the world was facing a potential food shortage due to Russias invasion of Ukraine. There isn't some grand scheme involved - in fact, all these decisions are made by a professional investment team.. Bill Gates Is Buying Up American Farmland. But Why? This, combined with holiday demand and continued coronavirus pandemic-related supply-chain pressures, have affected the market. Of those states, Gates owns the most land in Louisiana, where he is proprietor of more than 69,000 acres. In fact, in June of 2022 he secured an additional 2,100 acres of farmland in North Dakota for roughly $13.5 million. 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. 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. In Washington, the duo owns more than 14,000 acres of farmland that includes potato . Land Values: Here's a look at the top 10 absentee landowners in central Illinois, and where they own farmland. The figure is far below the total area of U.S. farmland. As reported by Bloomberg . The tweet had gathered over 215,000 likes at the time of writing. From the beginning, Cascade Investments focused on blue chip defensive stocks, including Four Seasons, Berkshire Hathaway, Coca Cola, and more. Bill Gates owns massive parcels of farmland. It's not part of his plans Farmland REITs have a high degree of correlation with the overall stock market, and returns tend to be lower than less liquid farmland investments. Neither of these are a perfect option. 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%. Here's why the ultra-wealthy like Bill Gates and Thomas Peterffy are Farmland Riches, LLC and the owners may have investments in companies represented on the AcreTrader platform. Is this just a regular investment move, made on a large scale? Purchasing your own farm outright means that you are not diversified across many farms; just 1. 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. Who owns the most farmland in the world? By Jenna Hoffman July 5, 2022. Follow him on Twitter@LucasNolanor contact via secure email at the addresslucasnolan@protonmail.com, EconomyPoliticsTechBill GatesFarmersfarmlandNorth Dakota. The 2,100 acre potato farm adds to his massive portfolio of farm investments. 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. LIVE OAK, Fla. -- The investment company that manages the wealth of the world's richest man, Bill Gates, has been acquiring gobs of farmland in north Florida the past two years . Representatives for Gates did not immediately respond to messages from Insider requesting comment. Gates' interest in farmland is still strong. The publication named Gates the countrys largest private farmland owner in 2020, 2021 and 2022. 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). What Happened: Gates answered dozens of questions over the course of a few hours during the AMA, including: Why are you buying up so much farmland, do you think this is a problem with billionaire wealth and how much you can disproportionally acquire?, He responded, I own less than 1/4000 of the farmland in the US.