He created the pledge in 2010 with his then-wife, Melinda French Gates, and his close friend and Berkshire Hathaway CEO, Warren Buffett. With more productive seeds we can avoid deforestation and help Africa deal with the climate difficulty they already face. Over the last decade, Bill Gates has invested in multiple companies, including Beyond Meat and Impossible Foods, that develop plant-based meat alternatives. 20006, Florida Farmland Riches, LLC and the owners may have investments in companies represented on the AcreTrader platform. 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 figure is far below the total area of U.S. farmland. In fact, Gates is the owner of over 270,000 acres of farmland, which is worth over $700 million! Bill Gates' North Dakota Farmland Purchase Approved by the - AgWeb The tweet had gathered over 215,000 likes at the time of writing. What is the most profitable crop in Michigan? Drinking or using tap water treated with chlorine is dangerous because chlorine is a poison., Obama imposed stricter rules on trains carrying toxins. Business entities have, however, been increasing their presence as owners of rental properties. At the turn of this century, Chinese owners owned about 192,000 acres of farmland in the U.S., according to the USDA. How long is it from Michigan to Detroit? Just over 70% of these were owned by individual investors. And many of the American farms Gates owns specialize in produce, such as onions, carrots and potatoes, NBC News reported in 2021. "It is not connected to climate. 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. He responded that it was a decision his investment group made. Not only was he no longer reliant on his own companys success for his own personal wealth, but he set himself up to make even bigger moves in the decades to come. 28. By clicking Sign up, you agree to receive marketing emails from Insider 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%. He has been buying thousands of acres across America. Sign up for notifications from Insider! He owns 242,000 acres, which is equivalent to the area of Fannin County GA. They ripen in late July and early. Costs are expected to fall in the coming weeks as egg-laying flocks are restored. 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. 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). Due climate change, dry seasons will be drier, and wet seasons will be more intense, and bring more flooding. 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. . The Agriculture Department has said the avian flu outbreak in the U.S. is the main contributor to low inventory and high prices. His 242,000 acres of farmland stretch across 18 states from Washington to Florida,. 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. Now Chinese companies and businessmen are planning to make their home in the United States. Every single Republican blocked Ketanji Brown Jacksons SCOTUS appointment.. 2021. 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. Returns from farmland have actually outpaced the stock market in recent years with significantly less volatility. 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. Why did he decide to buy in Amish Country? These states include: Arizona - 25,750 acres; Arkansas - 47,927 acres . 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. 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. Benzinga does not provide investment advice. 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. Purchasing your own farm outright means that you are not diversified across many farms; just 1. 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 tells Reddit why he's bought so much farmland - AFN Real estate investors overall have also been increasingly targeting single-family homes. 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. His largest holding is in Louisiana (69,071 acres), followed by Arkansas (47,927 acres) and Arizona (25,750 acres). America's Biggest Owner Of Farmland Is Now Bill Gates - Forbes I have written several articles on postings related to Big Tech, Social Media and Corporations. In 2016, he wrote on his blog about the benefits of raising chickens, particularly for people living in poverty. 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. Think about how much Bill Gates would have lost if he hadn't diversified in 1999. Chicken nuggets and cream cheese grow in trays in a South Side lab. 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. 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). The total portfolio of farmland is worth well over $700 million. Bill Gates Is the Biggest Private Owner of Farmland in the United States. Invitation Homes, for example, has approximately 80,000 homes for lease across the country and is the largest landlord for single-family homes in the United States (here) (here). As of October 2021, the Asian nation owns $1.065 trillion, or about 3.68%, of the $28.9 trillion U.S. national debt, which is more than any other foreign country except Japan. While BlackRock does not directly own single-family houses, as the worlds largest asset manager (here), it owns stock in companies that do. Farmland REITs have a high degree of correlation with the overall stock market, and returns tend to be lower than less liquid farmland investments. Gates said during a Reddit AMA: My investment group chose to do this. Bill Gates: Americas Top Farmland Owner | The Land Report. The buyer, Red River Trust, is tied to Bill Gates, the largest farmland owner in the US. 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). It is unclear how cheap biofuels can be but if they are cheap it can solve the aviation and truck emissions. In fact, he reportedly owns more farmland than any other individual in America. Neither of these are a perfect option. But there is no evidence these investments are linked to a nationwide shortage in chicken and egg products. Since it works as an investment for him, it also includes the benefits of using land as an . 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 does not own the majority of U.S. farmland. Gates does own a lot of farmland. 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. The Gates Foundation isnt the entity utilizing the land, but rather just Bills family office. While he owns a significant amount, it is a relatively small slice of the nation's nearly 900 million total farm acres. Other examples can be seen (here), (here). Water bills are soaring in some areas as infrastructure deteriorates, a recent University of Michigan study found. 3. Farm Gates - Ohio Ag Net | Ohio's Country Journal Officially, the general public doesnt know exactly what Bill Gates growing farmland estate is being used for. There were 895.3 million acres of farmland in America in 2021, according to a 2022 reportfrom the Department of Agriculture. Since his divorce, it is unclear how the assets were split up between the couple. 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. 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. Former Microsoft CEO Bill Gates owns a majority of America's farmland. See here for a complete list of exchanges and delays. The. In the Reddit AMA, he also said he'll sell what he owns as money goes towards the foundation. The mainland Chinese company Sino-Michigan Properties LLC has paid $1.9 million for 200 acres of undeveloped land in Milan, Michigan. 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. 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. The mogul's holdings include large tracts in Illinois, Iowa, Louisiana, California, and about a dozen other states. These claims are not true. "Those people are upset, but there are others that are just livid about this.". Why Bill Gates is the largest private farmland owner in the United Photo of electric charging station powered by diesel generator is emblematic of the electric vehicle movement. Gates is not the only billionaire on The Land Report 's list of top private farmland owners. 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. Representatives for Gates did not immediately respond to messages from Insider requesting comment. Heineken accused of secretly shipping adrenochrome in kegs after Bill for different crops that have been gene edited to be pest-proof, flood proof, disease proof, and climate change-resistant. Bill Gates gobbling up Florida farmland; investment arm recently paid $28M for 4,500-acre tract. The Bill & Melinda Gates Foundation is focused partly on agricultural development to support farmers in sub-Saharan Africa and South Asia. More surprising, however, was the fact that Bill and Melinda Gates own more private farmland . Investors from the Netherlands own 33% of that land with Canadians owning 25%. 2022. However, when you read between the lines with an objective and open mind, one can infer much. 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. 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. 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. Billionaire Bill Gates explains why he buys a lot agricultural land - Photo: BENZINGA. Either that or I had a screw loose. 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. In 2020, Gates made headlines for becoming the largest private farmland owner in the U.S. That makes him the largest landowner in the U.S. Stats show agriculture is a pretty good investment for. While Gates is still the top farmland owner in the U.S., not all of the property he owns is farmland. What Part Of Michigan Is Considered The Upper Peninsula? So while Dan Gilbert owns the most property downtown, his 30-odd buildings seem small compared to what Kelly, Tatarian, Moroun, and others own. Tue, Feb 28, 2023 LOGIN . 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. Not all of these owners are American; in fact, the portion of farmland that is foreign-owned has grown about 60 percent in the last decade, from 22 million acres in 2009 to 35.2 million . Gates and his wife own 269,000 acres of farmland. In a world of wild talk and fake news, help us stand up for the facts. Who knows. 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. Louisiana is the top state. Talk about big bets. The Future of Farming According to Bill Gates - NutriTruth Over time, Gates sold personal stock in Microsoft and reinvested it through Cascade Investment. 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. During his 11th appearance in the "Ask Me Anything" . Accessed 28 Apr. Top editors give you the stories you want delivered right to your inbox each weekday. Nov 14, 2022. Across the nation, Gates' affiliates . 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. Since 2020, Gates has held the title of the nations largest private farmland owner, per The Land Report. 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). Bill Gates Is America's Largest Private Owner of Farmland - Breitbart "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?" An ingredient in some of Chick-fil-As dipping sauces can cause serious health problems. stated on February 26, 2023 a video on Facebook: stated on February 15, 2023 a photo on Facebook: stated on January 29, 2023 a video on Facebook: stated on February 5, 2023 an Instagram post: stated on January 27, 2023 a video on Facebook: stated on January 22, 2023 an Instagram post: stated on January 16, 2023 a photo on Facebook: stated on January 12, 2023 a photo on Facebook: stated on November 6, 2022 an Instagram post: stated on October 26, 2022 a post on Instagram: stated on October 12, 2022 an Instagram post: stated on October 9, 2022 a Facebook post: stated on March 3, 2023 in a Conservative Political Action Conference speech: stated on February 19, 2023 in a Facebook post: stated on February 24, 2023 in an Instagram post: stated on March 2, 2023 in a speech at CPAC: stated on February 25, 2023 in a Facebook post: stated on February 22, 2023 in a Facebook post: stated on February 26, 2023 in an Instagram post: stated on February 27, 2023 in a Facebook post: All Rights Reserved Poynter Institute 2020, a 501(c)(3) nonprofit organization. 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. Mr. Gates owns about 97,934 hectares, accounting for about 0.03% of . District of Columbia It has been very fulfilling for me and is my full time job," Gates continued. 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. 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. If youve been on the fence about getting into farmland, maybe now is the time to reconsider. As more investors look to buy land, those who got in earlier are poised to benefit from the appreciation of the land value. 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. In fact, Gates is the owner of over. What Asset Class Is Farmland Considered To Be? Cascade Investment began purchasing farmland in significant strides in 2013. 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.. 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 uses farmland as an investment outlet buying up - NBC News Microsoft co-founder Bill Gates is America's top private farmland owner. There isn't some grand scheme involved - in fact all these decisions are made by a professional investment team.". 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 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. Similar to private equity firms destabilizing the housing market, millionaires and billionaires investing in farmland are also creating their own set of issues, as they are now pricing out young farmers looking to buy land.

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