Bill Gates currently owns over 268,000 acres of American farmland spread out over 19 states. "Those people are upset, but there are others that are just livid about this.". 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. In a Reddit Ask Me Anything (AMA) last week, Gates once again fielded a question pertaining to his AG holdings and stated that he actually only owns 1/4000 of all U.S. farmland, or about 270,000 acres spread across 18 different states. 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. Read next:Bezos-Backed Startup Lets You Become A Landlord With $100. There isn't some grand scheme involved - in fact, all these decisions are made by a professional investment team.. In January 2021, Bill Gates became the largest owner of farmland in the United States. Valuations of equities (stocks) are at all time highs, similar to the dot-com bubble. Amazon founder Jeff Bezos . Wonderful Company cofounders Stewart and Lynda Resnick (net worth: $7.1 billion) ranked number three . Recently, an article in Land Report stated that Bill Gates owns more American farmland than anyone else. Why? The Guardian, 5 Apr. The counties with the most total acres of foreign-owned ag land are Keweenaw, Baraga and Alger. Since his divorce, it is unclear how the assets were split up between the couple. How can this inform our personal investment decisions? Accessed 28 Apr. That's a ginormous deal, one that pencils out to almost $12,000 per acre for a whole lot of acres. 20006, Florida FPI is internally managed and the company owns farms in 16 states, including Alabama, Arkansas, California, Colorado, Florida, Georgia, Illinois, Kansas, Louisiana, Michigan, Mississippi,. The report states that Gates has 70,000 acres of land in North Louisiana where they grow soybeans, corn . But that's just a portion of the vast holdings Gates and his ex-wife, Melinda French Gates, own from sea to shining sea. 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. Bill Gates owns massive parcels of farmland. - Farmland Riches where is bill gates' farmland in michigan. While viral conspiracy theories baselessly conjecture that Gates is buying up farmland in order to starve Americans for some unknown reason, there's likely a simpler explanation: Gates makes money off this land. 420,000 acresBill and Melinda Gates prior to their divorce accumulated roughly 270,000 acres of farmland in less than a decade. Gates' 242,000 acres amounts to about 0.03% of the total. Returns from farmland have actually outpaced the stock market in recent years with significantly less volatility. Farmland originally appeared on Benzinga.com. 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. One of the more colorful theories pertains to Gatess strange interest in U.S. agriculture, with rumors that the former Microsoft CEO owns upward of 80 percent of farmland in the United States. At the turn of this century, Chinese owners owned about 192,000 acres of farmland in the U.S., according to the USDA. What Returns Should You Expect From Farmland Investing? Gates does not own the majority of U.S. farmland. From the beginning, Cascade Investments focused on blue chip defensive stocks, including Four Seasons, Berkshire Hathaway, Coca Cola, and more. Darren lives in Portland, has a cat, and writes/edits about sci-fi and how our world works. Owning farmland is one of the most prudent financial investments to make now. Gates, currently the sixth-richest person in the world, has a net worth of $111 billion, according to the Bloomberg Billionaires Index. The Consumer Price Index shows chicken prices, including fresh whole chicken and fresh or frozen chicken parts, have increased 11% over the last year. 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 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. Since 2020, Gates has held the title of the nations largest private farmland owner, per The Land Report. An archived version of the tweet can be found (archive.ph/8Tq36). (AP). Billionaire Bill Gates explains why he buys a lot agricultural land - Photo: BENZINGA. 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. 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. (Read more about our partnership with Meta, which owns Facebook and Instagram.). 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. 33701 This is a sponsored promotion for the AcreTrader platform. He has invested in multiple companies developing artificial or plant-based alternatives to meat, but he supports chicken farming and agricultural development. Who owns the most farmland in the world? 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. Their low fees and competitive returns set them apart from many of the other platforms out there. Farmland REITs have a high degree of correlation with the overall stock market, and returns tend to be lower than less liquid farmland investments. 3. While Gates is still the top farmland owner in the U.S., not all of the property he owns is farmland. 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. Will Bill Gatess green tech initiatives ever intersect with his growing agricultural empire? The. Over time, Gates sold personal stock in Microsoft and reinvested it through Cascade Investment. 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. Bill Gates owns about 400 acres of farmland outside of Malmo, Nebraska, that he rents to a local farmer. The transitional land he owns in Arizona is reportedly being built into a suburb .. 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 old do you have to be to strip? Mar 4, 2009. Stay up to date with what you want to know. To put it into perspective, if all of Gates land was in one place, it would cover about 25% of Rhode Island. This, combined with holiday demand and continued coronavirus pandemic-related supply-chain pressures, have affected the market. "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. Bill and Melinda Gates also cracked the Land Report's Top 100 Landowners for the first time coming in at number 49. 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. By Jenna Hoffman July 5, 2022. The billionaire cant seem to do anything without drawing the conspiratorial ire of online netizens. Why? Youre not investing in a building that will decay over time, but the rich farmland itself. According to Mother Jones, the average price of farmland increased six times from 1940 to 2015, and the trend is likely to continue as the amount of arable land in the U.S. continues to shrink from climate-related pressures. 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.. 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. 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. Social media users are falsely claiming that Gates owns the majority of U.S. farmland. Gates personal farmland portfolio is managed by Michael Larson and Cascade Investment. Other examples can be seen (here), (here). Other noteworthy farmland investors include Ted Turner and Thomas Peterffy. 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. 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. Thus, before we answer these questions, we are going to provide a brief summary of his financial history. No one but Bill Gates knows that answer. 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. 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. 801 3rd St. S Nov 14, 2022. Microsoft co-founder Bill Gates is America's top private farmland owner. Who is the largest farmer in the United States? 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. Northern Kansas land sale averages $3,500 per acre. 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. And many of the American farms Gates owns specialize in produce, such as onions, carrots and potatoes, NBC News reported in 2021. District of Columbia 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. But the fact remains, as the Daily Mail notes, Gates computer "nerd" and vaccination enthusiast "has been revealed as the biggest private owner of farmland in the US, after buying up 242,000 acres in 18 states.". 28. Which Billionaire Owns The Most Land In The U.S.? Benzinga does not provide investment advice. Check out:How To Invest In Real Estate With $100. Gates also owned up to the various failures in their initiatives, and admitted that they try their best to leverage the expertise and wisdom from the community leaders present in the areas they aid. Oct 22, 2014. But unlike those men, Gilbert has plans to redevelop his properties and not just sit on them. He created the pledge in 2010 with his then-wife, Melinda French Gates, and his close friend and Berkshire Hathaway CEO, Warren Buffett. Suggests virologists death is linked to COVID-19 vaccines. Perhaps Bill Gates is looking to test out his GMO seeds. What does Weyerhaeuser have to do with Michigan? Gates is just using farmland to make Agri-Tech and financial investments. As of 2020, industry reports show he owned about 0.027% of U.S. farmland. Heres why.," Jan. 10, 2023. to not use their land, is working towards their real agenda. 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. 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. Official: Michigan State gunman had note threatening 2 New Jersey schools. In fact, Gates is the owner of over 270,000 acres of farmland, which is worth over $700 million! The figure is far below the total area of U.S. farmland. No one but Bill Gates knows that answer. The agriculture sector is important. While there are currently no nationwide food shortages in the United States, nor widespread disruptions in the supply chain, the potential of such shortages caused many people to feel that their food security was suddenly uncertain. Cascade Investment began purchasing farmland in significant strides in 2013. In his annual Reddit AMA Wednesday, Gates was asked why he has bought so much farmland. Neither of these are a perfect option. Toxic chemicals known as PFAS, or per- and, 2 hours, 2 minutes. Partnering with Monsanto to create these super seeds is also part of the plan. 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. The Gates Foundation isnt the entity utilizing the land, but rather just Bills family office. The publication named Gates the countrys largest private farmland owner in 2020, 2021 and 2022. These claims are not true. By clicking Sign up, you agree to receive marketing emails from Insider 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. 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 addition, the law places certain limitations on the ability of trusts to own farmland or ranchland, the letter said. (here) (here). 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. There were 895.3. If youve been on the fence about getting into farmland, maybe now is the time to reconsider. 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. What Asset Class Is Farmland Considered To Be? The agriculture sector is important," Gates wrote. In his annual Reddit Ask Me Anything session on Wednesday, Gates was asked why he has made all of his farmland purchases. 2022. Breitbart News previously reported that Gates is Americas largest private owner of farmland. "It is not connected to climate. During the COVID-19 pandemic, vaccine-hesitant Americans were inundated with false rumors claiming that Gates was putting microchips into vaccines, that he was working on a mind-altering vaccine, that Gates had input tracking devices into vaccines, and that he once called for vaccinations as a way to depopulate the planet. While private companies and corporations are increasing . 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. Michigan - 2,167 acres; Mississippi - 16,963 acres; Nebraska - 20,588 acres; New Mexico - 1 acre; North Carolina - 874 . Business entities have, however, been increasing their presence as owners of rental properties. 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. 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 Michigan State University shooter is a 21-year-old man named Lynn Dee Walker. Of those states, Gates owns the most land in Louisiana, where he is proprietor of more than 69,000 acres. An entity linked to billionaire Bill Gates has reportedly purchased 2,100 acres of potato farmland in northern North Dakota angering local residents. This article will go into detail about how much land Bill Gates owns and why he owns so much. The total portfolio of farmland is worth well over $700 million. Who owns the most property in Detroit Michigan? Why am I just learning about this NOW?. Amazon founder and chairman Jeff Bezos has amassed 420,000 acres in recent years. I have invested in these farms to make them more productive and create more jobs. In 2016, he wrote on his blog about the benefits of raising chickens, particularly for people living in poverty. While much of this land was transferred to the new state of Hawaii in 1959, the federal government did keep some. The Bill & Melinda Gates Foundation is focused partly on agricultural development to support farmers in sub-Saharan Africa and South Asia. According to a 2021 report from the United States Department of Agriculture and the National Agriculture Statistics Service, there are 895,300,000 acres of farmland in the United States. This is because of more intense seasons of drought and rain. 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. Follow him on Twitter@LucasNolanor contact via secure email at the addresslucasnolan@protonmail.com, EconomyPoliticsTechBill GatesFarmersfarmlandNorth Dakota. Bill Gates was right when he sold his own Microsoft stock to diversify through Cascade in 1994. How many farms Does Bill Gates Own? He was right when he predicted the COVID-19 epidemic in 2015. 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. Gates private office, Gates Ventures, told PolitiFact this claim is false. Supreme Court just voted to ban condoms., Says Ukrainian President Volodymyr Zelenskyy said he wants Americas sons and daughters to go die in Ukraine., In Ohio, there are 75,000 acres of farmland, fertile farmland, that are all now being poured down with acid rain., Muslims by the millions are converting to Christianity.. 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. .css-v1xtj3{display:block;font-family:FreightSansW01,Helvetica,Arial,Sans-serif;font-weight:100;margin-bottom:0;margin-top:0;-webkit-text-decoration:none;text-decoration:none;}@media (any-hover: hover){.css-v1xtj3:hover{color:link-hover;}}@media(max-width: 48rem){.css-v1xtj3{font-size:1.1387rem;line-height:1.2;margin-bottom:1rem;margin-top:0.625rem;}}@media(min-width: 40.625rem){.css-v1xtj3{line-height:1.2;}}@media(min-width: 48rem){.css-v1xtj3{font-size:1.18581rem;line-height:1.2;margin-bottom:0.5rem;margin-top:0rem;}}@media(min-width: 64rem){.css-v1xtj3{font-size:1.23488rem;line-height:1.2;margin-top:0.9375rem;}}60 Scientists Are Trying to Block the Sun, Particle Accelerator Reveals Beginning of Time, Earth's Inner Core Has Another Inner Core, 8 Questions About Turkey With an Earthquake Expert, Conspiracy: Blaming Weather Weapons for Earthquake, Scientists Just Discovered a Literal Hell, How the NFL Grew the Field for Super Bowl LVII, The Doomsday Clock Is at 90 Seconds to Midnight, Uh, Earth's Inner Core Just Stopped Spinning, Supercomputer: 27% of Earth's Life Dead by 2100, 20 Weird Facts About Our Lovable Planet Earth.
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