Gates, currently the sixth-richest person in the world, has a net worth of $111 billion, according to the Bloomberg Billionaires Index. How Many Hours Is It From Detroit To Michigan? 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. An entity linked to billionaire Bill Gates has reportedly purchased 2,100 acres of potato farmland in northern North Dakota angering local residents. 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. Best Farmland Investing Platforms Non-Accredited, Best Canadian Farmland Investing Platforms. They ripen in late July and early. Bill Gates Is the Biggest Private Owner of Farmland in the United States. Pregnancy tests include a hidden Plan B pill. 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. One answer might surprise you: While trying to track down who recently purchased 14,500 acres of choice farmland in Washington state's Columbia River Basin, researchers at The Land Report discovered the new owner was Microsoft co-founder Bill Gates. With her 6.6 billion acres, Elizabeth II is far and away the worlds largest landowner, with the closest runner-up (King Abdullah) holding control over a mere 547 million, or about 12% of the lands owned by Her Majesty, The Queen. Breitbart News previously reported that Gates is Americas largest private owner of farmland. Bill Gates owns more private farmland in the US than anyone else, an analysis by The Land Report found. Since it works as an investment for him, it also includes the benefits of using land as an . To put that into perspective, if you put all of the land that Gates owns into one place (his holdings are spread throughout the country), you'd cover an area about a quarter the size of Rhode Island. But there is no evidence these investments are linked to a nationwide shortage in chicken and egg products. He created the pledge in 2010 with his then-wife, Melinda French Gates, and his close friend and Berkshire Hathaway CEO, Warren Buffett. Thus, before we answer these questions, we are going to provide a brief summary of his financial history. 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. 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. Why am I just learning about this NOW?. Nebraska has the third-most Gates-owned farmland in the nation. Tue, Feb 28, 2023 LOGIN . How Long Can You Be Held Without Bond In Michigan? It isless than .1% of all US farmland because the ownership is so diverse. Try the tool that will help you invest smarter, faster, and better. Top editors give you the stories you want delivered right to your inbox each weekday. 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. Our Standards: The Thomson Reuters Trust Principles. Nov 14, 2022. Over time, Gates sold personal stock in Microsoft and. Plum Creek, headquartered in Seattle, Washington, is the largest private landowner in Michigan after purchasing 650,000 acres in 2005. How can this inform our personal investment decisions? Social media post scrambles the facts on high egg prices, Bill Gates Invested In Artificial Eggs a Decade Before Egg Shortage, Bill Gates is About to Change the Way America Farms, What the plow and lab-grown meat tell us about innovation, Avian influenza outbreaks reduced egg production, driving prices to record highs in 2022, 2022-2023 Confirmations of Highly Pathogenic Avian Influenza in Commercial and Backyard Flocks, Bill Gates owns a lot of American farmland, but not the majority, The controversy over Bill Gates becoming the largest private farmland owner in the US, McDonald's french fries, carrots, onions: all of the foods that come from Bill Gates farmland, Fact Check-Bill Gates doesnt own most U.S. farmland; BlackRock doesnt own most houses, Bill Gates and Richard Branson are betting lab-grown meat might be the food of the future, Bill Gates bets on growing demand for sustainable foods, Lab-Grown Meat Backed by Gates, Tyson Foods Faces U.S. I have invested in these farms to make them more productive and create more jobs. As the Land Report notes, 24,800 acres of the land is transitional, located on the western edge of Phoenix, the tenth-largest metropolitan area in the country, and the most populous city in Arizona. The Gates have been quietly acquiring farmland through their investment manager, Cascade Investment, for over 10 years. Thetech billionaire owns69,071 acres inLouisiana,47,927 acres inArkansas, and 20,588 acres inNebraska. Other noteworthy farmland investors include Ted Turner and Thomas Peterffy. Using those figures, Gates would own about 0.027% of U.S. farmland. Document shows Rebekah Jones demonstrated a violation of Floridas Whistleblower Act. Bill is now the biggest owner of farmland in 2022 a great hedge asset against rising inflation. 2022. The cost of chicken has also gone up, although not as drastically. 420,000 acresBill and Melinda Gates prior to their divorce accumulated roughly 270,000 acres of farmland in less than a decade. Bill and Melinda Gates also cracked the Land Report's Top 100 Landowners for the first time coming in at number 49. Heres why. Officially, the general public doesnt know exactly what Bill Gates growing farmland estate is being used for. The total portfolio of farmland is worth well over $700 million. 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. American Homes 4 Rent holds around 57,024 single-family properties (here). In the wake of this uncertainty, unfounded rumors began to spread that attempted to lay the blame for any coming food shortages on nefarious forces. This informational is by no means a promotion, solicitation, or recommendation of any specific investment. 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.. As of 2020, industry reports show he owned about 0.027% of U.S. farmland. Sign up for our newsletter for the latest tech news and scoops delivered daily to your inbox. Bill Gates is Americas biggest farmer, his 269000 acres farmland grows potatoes and carrots. In 2018, Michigan produced 297 million bushels of corn grain, worth $1 billion. 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. This is a sponsored promotion for the AcreTrader platform. Due climate change, dry seasons will be drier, and wet seasons will be more intense, and bring more flooding. Will Bill Gatess green tech initiatives ever intersect with his growing agricultural empire? 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. #1. 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. I have invested in these farms to make them more productive and create more jobs. 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. 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. Bill Gates gobbling up Florida farmland; investment arm recently paid $28M for 4,500-acre tract. By Dec. 31, 2022, the Agriculture Department reported 43 million egg-laying hens had died because of the disease or depopulation. These allow investors to get stared with as little as $10,000. This is especially helpful if, say, the stock market crashed, and you had a more aggressive stock portfolio (or any large stake in stock at all). It reported that as of 2022, Gates owned about 248,000 acres of farmland. Cascade Investment began purchasing farmland in significant strides in 2013. "Those people are upset, but there are others that are just livid about this.". Heres why.," Jan. 10, 2023. 22. Some of the links on this site are affiliate links. (here). Check out current deals on AcreTrader now! Gates farmland now totals 242,000 acres. Over time, Gates sold personal stock in Microsoft and reinvested it through Cascade Investment. Bill Gates, and the Chinese, are not just buying up farm land for that purpose. 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. Microsoft founder and billionaire turned philanthropist Bill Gates recently laid the long-time conspiracy theory that he owns some 80% of all U.S. farmland to rest in . In fact, in June of 2022 he secured an additional 2,100 acres of farmland in North Dakota for roughly $13.5 million. Weyerhaeuser purchase Plum Creek in 2015 for over $8 Billion! Or, have more control over the resources we all use and need. Gates does own a lot of farmland. This isn't the first time Gates has called for higher taxes on the wealthy. Stay up to date with what you want to know. His . It is unclear how cheap biofuels can be but if they are cheap it can solve the aviation and truck emissions. Bill GatesWith almost 269,000 acres, Bill Gates retained his ranking as Americas largest private farmland owner. AcreTrader has carved out a niche for themselves that has led to rapid market dominance. 242,000 Acres: Bill Gates Now The Largest Owner Of Farmland In America. 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. Gates does not own the majority of U.S. farmland. 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. 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.. 20006, Florida Bill Gates (AP Images) Bill Gates is buying up America's farmland. Read also:Which Billionaire Owns The Most Land In The U.S.? The billionaire cant seem to do anything without drawing the conspiratorial ire of online netizens. 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. 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. Suggests that since mostly Democrats vote early then that represents made-up ballots or dead people voting.. Drinking or using tap water treated with chlorine is dangerous because chlorine is a poison., Obama imposed stricter rules on trains carrying toxins. The total portfolio of farmland is worth well over $700 million. 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. One such rumor claimed that there had been an unusual number of fires at food processing facilities in 2022. Conspiracy theorists claimed last year that the Microsoft founder was buying up farmland in the U.S. in order to starve Americans for an unknown reason, Snopes said, after researchers said in. . Gates is No. In a statement to Reuters, editor of The Land Report and author of the article published by the outlet on farmland owned by Gates, Eric O Keefe, called the claim absurd.. Corn production is concentrated in the Lower Peninsula with Saginaw and Lenawee counties as Michigans largest producers. While he owns a significant amount, it is a relatively small slice of the nation's nearly 900 million total farm acres. Check out:How To Invest In Real Estate With $100. The Agriculture Department estimates there are more than 895 million acres of farmland in the U.S., making Gates share 0.028%. But these land holdings account for only a tiny share of the countrys total farmland. What is the most profitable crop in Michigan? 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. 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. Social media posts blame Gates investments in plant-based meat alternatives and his status as the nations largest private farmland owner for triggering the countrys current chicken and egg shortages. "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. No one but Bill Gates knows that answer. Another meme circulating online reads: Bill Gates is buying all the farmland. In Washington, the duo owns more than 14,000 acres of farmland that includes potato . Accessed 28 Apr. Gates believes that subsistence farmers and impoverished peoples will be among the most affected by climate change. 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). Nancy Pelosi (purchased) 10,000 shares of Amgen, manufacturer of Nplate, a drug used to treat radiation sickness.. 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. 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. He recently tried to explain why, and it was a little hard to follow. The tech billionaire owns 69,071 acres in Louisiana, 47,927 acres in Arkansas, and 20,588 acres in Nebraska. What does Weyerhaeuser have to do with Michigan? 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. There isn't some grand scheme involved - in fact all these decisions are made by a professional investment team.". Other examples can be seen (here), (here). These posts were flagged as part of Instagrams efforts to combat false news and misinformation. Hes also written about the need for more ways to produce meat without depleting environmental resources. 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. 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. Is Gladstone Land Corp (LAND) A Good Investment? Chicken nuggets and cream cheese grow in trays in a South Side lab. for different crops that have been gene edited to be pest-proof, flood proof, disease proof, and climate change-resistant. Gates and his wife own 269,000 acres of 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). Farmland has some natural built-in drawbacks for all of the built-in benefits: Just 20 years ago, it was difficult to invest in farmland if you werent already independently wealthy. as well as other partner offers and accept our. Interestingly enough, though the Bill and Melinda Gates Foundation is working on this agriculture initiative. Bill Gates, the billionaire founder of Microsoft, has been revealed as the biggest private owner of farmland in the US, after buying up 242,000 acres in 18-states. 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. (Read more about our partnership with Meta, which owns Facebook and Instagram.). Owning farmland is one of the most prudent financial investments to make now. - Farmland Riches where is bill gates' farmland in michigan. 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. 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. Please let us know if you're having issues with commenting. Access your favorite topics in a personalized feed while you're on the go. 28. Last year, Gates vowed to give away "virtually all" of his fortune to the philanthropic foundation he runs with French Gates. Either that or I had a screw loose. Gates does own a lot of farmland. These subsistence farmers can order equipment and seeds they need, paying what they can over a longer period of time. Suggests virologists death is linked to COVID-19 vaccines. While Gates is still the top farmland owner in the U.S., not all of the property he owns is farmland. About 350,000 acres of the U.S. government land in Hawaii were kept for military installations and national parks. All quotes delayed a minimum of 15 minutes. Donald Trump is back on Twitter, thanks to Elon Musk. Egg prices havent come down with inflation. Thus, in Gates mind, its extremely important to help empower these developing peoples before that year comes to fruition. In this short period of time, there was a proliferation in funds that were specifically focused on farmland investing. Bill Gates and his estranged wife Melinda Gates have accumulated more than 269,000 acres of farmland across 18 American states. The transitional land he owns in Arizona is reportedly being built into a suburb. 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. Why? 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 Prime soils and the moderating, Best Strip Clubs For 18 And Over in Detroit, Michigan. Gates' achievement, according to the report, is that he's largest private owner of farmland in the US. Some are near cities and might end up having other uses.". Those people are upset, but there are others that are just livid about this.. State law prohibits corporations, LLCs, and trusts from farming or ranching activities. Stay up to date with what you want to know. Age Requirements Most ordinances require, Huckleberries are small bright blue, or dark blue, or black berries which grow wild near marshes in Michigan. Gates is not the only billionaire on The Land Report 's list of top private farmland owners. 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.. Follow him on Twitter@LucasNolanor contact via secure email at the addresslucasnolan@protonmail.com, EconomyPoliticsTechBill GatesFarmersfarmlandNorth Dakota. 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. 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. The. Download free guide with advice for beginners. Gates said during a Reddit AMA: My investment group chose to do this. Who is the largest landowner in the world? Gates has been asked about his farmland purchases before. 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 . Farmland originally appeared on Benzinga.com. But unlike those men, Gilbert has plans to redevelop his properties and not just sit on them. According to 2021 article from the Land Report, a magazine about land ownership, Gates owns approximately 242,000 acres of farmland. 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. 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. 1995 - 2023 by Snopes Media Group Inc. Farmland REITs have a high degree of correlation with the overall stock market, and returns tend to be lower than less liquid farmland investments. Lucas Nolan is a reporter for Breitbart News covering issues of free speech and online censorship. Photo of electric charging station powered by diesel generator is emblematic of the electric vehicle movement. It is unclear how cheap biofuels can be but if they are cheap it can solve the aviation and truck emissions.". . This article was produced by the Reuters Fact Check team. 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. In his Reddit AMA last year, one user said, "What do you plan to do with all the farmland you have purchased? 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. Prior to this in 1999, Bill sold off tons of Microsoft stock to diversify. 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. "It is not connected to climate. During his 11th appearance in the "Ask Me Anything" . Why? The Guardian, 5 Apr. Amazon founder Jeff Bezos . 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. In fact, he reportedly owns more farmland than any other individual in America. Merged from the William H. Gates Foundation and the Gates Learning Foundation, The Bill and Melinda Gates Foundation quickly became the largest private foundation in history. 2022. Hint, It's Not Bill Gates. Every single Republican blocked Ketanji Brown Jacksons SCOTUS appointment.. 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. The Land Report found in 2021 that the Gateses had 242,000 acres of farmland, 1,234 acres of recreational land, and 25,750 acres of land in transition from farmland to residential and commercial use (think suburban development).