In a 2020 blog post, he wrote, "The rich should pay more than they currently do, and that includes Melinda and me.". Either that or I had a screw loose. Does this investment say anything about the state of the. "Our office needs to confirm how your company uses this land and whether this use meets any of the statutory exceptions," the letter said. 11 Jan. 2021, https://landreport.com/2021/01/bill-gates-americas-top-farmland-owner/. 33701 In the past, Gates has invested in companies developing artificial or plant-based alternatives to meat, and he is currently the countrys largest private farmland owner, according to The Land Report, a magazine that surveys the countrys largest landowners annually. Egg prices havent come down with inflation. 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 responded: "I own less than 1/4000 of the farmland in the US. The major cash crops are field beans, sugar beets, corn and wheat. The Gates Foundation isnt the entity utilizing the land, but rather just Bills family office. Photo of electric charging station powered by diesel generator is emblematic of the electric vehicle movement. Farmland as an investment offers low volatility. 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. Why doesnt everyone just invest in farmland then? Darren lives in Portland, has a cat, and writes/edits about sci-fi and how our world works. Amazon founder Jeff Bezos . 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. It's not part of his plans to save the planet. It was a cold January day in 2021 when Eric O'Keefe, editor and founder of The Land Report, walked up to the podium at the Land Expo in Iowa and announced Bill Gates as America's largest individual farmland owner.He learned this after investigating Gates' purchase of the 100 . Bill Gates Is the Biggest Private Owner of Farmland in the United States. Louisiana is the top state. According to Redfin, single-family housing represented over 70% of the properties purchased by investors in the third quarter of 2021 (here). As we learned above, in most farmland investment situations, the farmland owner leases their land to tenant farmers, who usually live on and work the land. The land was purchased from the owners of Campbell Farms, a potato farming group headquartered in Grafton, North Dakota, approximately 50 miles from the Canadian border. It is not connected to climate. Thats because the old adage goes: Buy landthey arent making it anymore. (Which volcanologists know isnt exactly true, but you get the idea). 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. 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. Sign up for notifications from Insider! 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. In his Reddit AMA last year, one user said, "What do you plan to do with all the farmland you have purchased? In January 2021, Bill Gates became the largest owner of farmland in the United States. This article was produced by the Reuters Fact Check team. Are you ready for alternative proteins made from a volcanic microbe? Your membership is the foundation of our sustainability and resilience. 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. With more productive seeds we can avoid deforestation and help Africa deal with the climate difficulty they already face. Which Billionaire Owns The Most Land In The U.S.? In January 2021, Bill Gates became the largest owner of farmland in the United States. 2022. Over time, Gates sold personal stock in Microsoft and. Hes also written about the need for more ways to produce meat without depleting environmental resources. stated on February 13, 2023 in a Facebook post, Gates investments in plant-based meat and farmland. This is a sponsored promotion for the AcreTrader platform. To better understand these questions, it's helpful to review Bill Gates' financial decision through the years, especially as it relates to Microsoft, Cascade Investments, and The Bill and Melinda Gates Foundation. Bill Gates The report states that Gates has 70,000 acres of land in North Louisiana where they grow soybeans, corn, cotton. Access your favorite topics in a personalized feed while you're on the go. "It is not connected to climate. Stay up to date with what you want to know. We need your help. KX News' Josh Meny sat down with Vogel who says the Attorney General's office is impeding her investigation into the purchase. Breitbart News reporter Alana Mastrangelo wrote: Gates is now Americas largest private farmland owner, with hundreds of thousands of acres spanning across 19 U.S. states, according tothe Land Report. Tue, Feb 28, 2023 LOGIN . 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. Of those states, Gates owns the most land in Louisiana, where he is proprietor of more than 69,000 acres. Bill Gates gobbling up Florida farmland; investment arm recently paid $28M for 4,500-acre tract. 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. Stay up to date with what you want to know. Partnering with Monsanto to create these super seeds is also part of the plan. 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%. AREA 8 CASH CROPS AND DAIRY Area 8 is the leading cash crop area in Michigan. The figure is far below the total area of U.S. farmland. 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.. It's hard to visualize just how much land 242,000 acres amounts to unless . Interestingly enough, though the Bill and Melinda Gates Foundation is working on this agriculture initiative. There isn't some grand scheme involved - in fact, all these decisions are made by a professional investment team.. In fact, he reportedly owns more farmland than any other individual in America. The Agriculture Department has said the avian flu outbreak in the U.S. is the main contributor to low inventory and high prices. Bill Gates owns a minimum of 242,000 acres of U.S. farmland in Washington, Illinois, Iowa, Louisiana, California and multiple other states. Bill Gates purchase of a large patch of land in North Dakota has sparked fury and conspiracy theories on social media after the Microsoft billionaire secured legal approval to purchase the 2,100 acres of farmland in the state last week. Bill Gates is Americas biggest farmer, his 269000 acres farmland grows potatoes and carrots. From the beginning, Cascade Investments focused on blue chip defensive stocks, including Four Seasons, Berkshire Hathaway, Coca Cola, and more. 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. 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. North Dakota Agriculture Commissioner Doug Goehring spoke with KFYR, stating that the public reaction to the purchase has been negative. His idea, like many others, was to diversify his investments across different asset classes. Bill Gates owns massive parcels of farmland. 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. 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. Ive gotten a big earful on this from clear across the state, its not even from that neighborhood, said Goehring. 727-821-9494. stated on January 22, 2023 in an Instagram post: The U.S. chicken and egg shortage is linked to Bill Gates. Gates does own a lot of farmland. The Gates Foundation has seen steady success and growth since their launch, funding science, research, agriculture and education. 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. According to O'Keefe, Gates isn't the only one making moves on the farmland market, especially as farm real estate value s nationwide increased 7% from 2020 to $3,390 per acre. 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. ", Gates responded at the time, "My investment team bought the farmland. The transitional land he owns in Arizona is reportedly being built into a suburb. The total portfolio of farmland is worth well over $700 million. 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. 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. Bill Gates and his estranged wife Melinda Gates have accumulated more than 269,000 acres of farmland across 18 American states. 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. The agriculture sector is important. Owning farmland is one of the most prudent financial investments to make now. 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. Lucas Nolan is a reporter for Breitbart News covering issues of free speech and online censorship. In a world of wild talk and fake news, help us stand up for the facts. 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). However, the Gates Foundation has been largely transparent at every level of their operations from their objectives, means, successes, and failures. February 27, 2023, 11:49 AM. Their low fees and competitive returns set them apart from many of the other platforms out there. Bill Gates (AP Images) Bill Gates is buying up America's farmland. Today, Bill Gates owns 242,000 acres of farmland in 19 states. 801 3rd St. S Returns from farmland have actually outpaced the stock market in recent years with significantly less volatility. Sign up for notifications from Insider! By clicking Sign up, you agree to receive marketing emails from Insider Some experts have pointed to Gatess well-known sustainability and green tech initiatives as a possible reason, but during an earlier Reddit AMA in 2021, Gates said, my investment group chose to do this. Is this just a regular investment move, made on a large scale? St. Petersburg, FL 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). How Long Can You Be Held Without Bond In Michigan? 2021. Last year, Gates vowed to give away "virtually all" of his fortune to the philanthropic foundation he runs with French Gates. 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 . False. 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). He also reportedly owns about 16,000. However, when you read between the lines with an objective and open mind, one can infer much. The 2,100 acre potato farm adds to his massive portfolio of farm investments. While this is certainly a lot of acreage, it represents less than 1% of all the farmland in the United States. The. Prior to this in 1999, Bill sold off tons of Microsoft stock to diversify. 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. Why? The Guardian, 5 Apr. Gates is just using farmland to make Agri-Tech and financial investments.
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