Gates' interest in farmland is still strong. Nebraska has the third-most Gates-owned farmland in the nation. The major cash crops are field beans, sugar beets, corn and wheat. Eggs have become expensive and scarce in some parts of the country. Other noteworthy farmland investors include Ted Turner and Thomas Peterffy. By Jenna Hoffman July 5, 2022. 801 3rd St. S Alongside his investments, Gates has also purchased farmland in at least 19 states, according to The Land Report. According to 2021 article from the Land Report, a magazine about land. Oftentimes, those fingers get pointed at Gates. Over time, Gates sold personal stock in Microsoft and reinvested it through Cascade Investment. Thus, in Gates mind, its extremely important to help empower these developing peoples before that year comes to fruition. This article will go into detail about how much land Bill Gates owns and why he owns so much. Who owns the most farm ground in the US? Microsoft co-founder Bill Gates is America's top private farmland owner. A spokesperson for Gates also told Reuters the claim that Gates owns the majority of U.S. farmland was false, pointing to the USDA figures. Now Chinese companies and businessmen are planning to make their home in the United States. F' off Gates! 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.. The portion of land that isn't owned by farmers varies widely regionally; in some areas, almost 80 percent of agricultural land is held by non-operators. Are you ready for alternative proteins made from a volcanic microbe? 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.. While BlackRock does not directly own single-family houses, as the worlds largest asset manager (here), it owns stock in companies that do. Bill Gates is America's biggest farmer, his 269000 acres farmland grows potatoes and carrots Gates has farmlands in Louisiana, Nebraska, Georgia and other areas. Louisiana is the top state. He has been buying thousands of acres across America. What Land Does Bill Gates Own In Michigan? Gates owns less than 1% of the nations farmland. Nov 14, 2022. Accessed 28 Apr. AREA 8 CASH CROPS AND DAIRY Area 8 is the leading cash crop area in Michigan. Who owns the most land in the world 2021? At the turn of this century, Chinese owners owned about 192,000 acres of farmland in the U.S., according to the USDA. Suggests that since mostly Democrats vote early then that represents made-up ballots or dead people voting.. "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?" In 1999, Cascade Investment made an interesting decision: Gates sold over 7 million personal Microsoft shares to further diversify his portfolio. Farmland Riches, LLC and the owners may have investments in companies represented on the AcreTrader platform. Gates and his wife, Melinda, own 242,000-acres across the U.S., according to The Land Report.. Gates' farmland includes 69,071-acres in Louisiana, 47,927-acres in Arkansas, 25,750-acres in Arizona, and 20,588 in Nebraska, and property in 14 other states, the magazine reported. These subsistence farmers can order equipment and seeds they need, paying what they can over a longer period of time. And many of the American farms Gates owns specialize in produce, such as onions, carrots and potatoes, NBC News reported in 2021. 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. Gates does own a lot of farmland. Where Does Bill Gates Own Farmland in the US. Amazon founder Jeff Bezos . Some social media users are claiming recent national chicken and egg supply shortages are the culmination of a decadelong plot by Gates. Hint, It's Not Bill Gates, Bezos-Backed Startup Lets You Become A Landlord With $100, Try the tool that will help you invest smarter, faster, and better, Bill Gates Finally Explains Why He's Buying So Much U.S. This informational is by no means a promotion, solicitation, or recommendation of any specific investment. Partnering with Monsanto to create these super seeds is also part of the plan. Interestingly enough, though the Bill and Melinda Gates Foundation is working on this agriculture initiative. 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. 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. 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.. 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. It is unclear how cheap biofuels can be but if they are cheap it can solve the aviation and truck emissions. We need your help. His 242,000 acres of farmland stretch across 18 states from Washington to Florida,. Business entities have, however, been increasing their presence as owners of rental properties. Heres why. But that's just a portion of the vast holdings Gates and his ex-wife, Melinda French Gates, own from sea to shining sea. Bill Gates just bought almost 3,000 more acres of farmland in North Dakota, a purchase that was eventually cleared by the North Dakota Attorney General even though it raised numerous questions about his intentions and why he has been buying up over a hundred thousand acres of American farmland. More surprising, however, was the fact that Bill and Melinda Gates own more private farmland . In a 2020 blog post, he wrote, "The rich should pay more than they currently do, and that includes Melinda and me.". Last year, Gates vowed to give away "virtually all" of his fortune to the philanthropic foundation he runs with French Gates. Returns from farmland have actually outpaced the stock market in recent years with significantly less volatility. By clicking Sign up, you agree to receive marketing emails from Insider Bill Gates is Americas biggest farmer, his 269000 acres farmland grows potatoes and carrots. What Part Of Michigan Is Considered The Upper Peninsula? 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. Over time, Gates sold personal stock in Microsoft and. 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. 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. 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. The total portfolio of farmland is worth well over $700 million. The report states that Gates has 70,000 acres of land in North Louisiana where they grow soybeans, corn, cotton. Corn production is concentrated in the Lower Peninsula with Saginaw and Lenawee counties as Michigans largest producers. "I've gotten a big earful on this from clear across the state, it's not even from that neighborhood," Doug Goehring, the state's agricultural commissioner, told a local NBC affiliate this week. According to the Tri-City Herald, a 14,500-acre swath of choice eastern Washington farmland in the Horse Heaven Hills of Benton County had just traded hands for almost $171 million. Another meme circulating online reads: Bill Gates is buying all the farmland. Or, have more control over the resources we all use and need. Amazing, if truebut its extremely not. 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. 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 . 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. While this is certainly a lot of acreage, it represents less than 1% of all the farmland in the United States. Who knows. Thus, before we answer these questions, we are going to provide a brief summary of his financial history. Is this just a regular investment move, made on a large scale? This, combined with holiday demand and continued coronavirus pandemic-related supply-chain pressures, have affected the market. Photo of electric charging station powered by diesel generator is emblematic of the electric vehicle movement. Weyerhaeuser purchase Plum Creek in 2015 for over $8 Billion! 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. If youve been on the fence about getting into farmland, maybe now is the time to reconsider. Former Microsoft CEO Bill Gates owns a majority of America's farmland. During his 11th appearance in the "Ask Me Anything" . Stay up to date with what you want to know. 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. Don't miss real-time alerts on your stocks - join Benzinga Pro for free! But there is no evidence these investments are linked to a nationwide shortage in chicken and egg products. Bill Gates (AP Images) Bill Gates is buying up America's farmland. Think about how much Bill Gates would have lost if he hadn't diversified in 1999. Talk about big bets. The North Dakota attorney general's office recently inquired into a 2,100-acre farmland purchase by Red River Trust, an entity affiliated with Bill Gates. 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. Bill GatesWith almost 269,000 acres, Bill Gates retained his ranking as Americas largest private farmland owner. 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. Bill Gates does not own the majority of U.S. farmland. Some are near cities and might end up having other uses.". Across the nation, Gates' affiliates . Billionaire Bill Gates reportedly shopped for 'hundreds of acres of farmland' in Turkey while vacationing aboard a superyacht that emits an estimated 19 tons of CO2 a day before heading to the . 1995 - 2023 by Snopes Media Group Inc. Infected flocks are culled to prevent the flu from spreading. Wonderful Company cofounders Stewart and Lynda Resnick (net worth: $7.1 billion) ranked number three . Is Gladstone Land Corp (LAND) A Good Investment? However, the Gates Foundation has been largely transparent at every level of their operations from their objectives, means, successes, and failures. 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. Of those states, Gates owns the most land in Louisiana, where he is proprietor of more than 69,000 acres. While private companies and corporations are increasing . Since his divorce, it is unclear how the assets were split up between the couple. Is Farmland Partners (FPI) A Good Investment? 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 . All quotes delayed a minimum of 15 minutes. Bill is now the biggest owner of farmland in 2022 a great hedge asset against rising inflation. 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. But these land holdings account for only a tiny share of the countrys total farmland. Owning farmland is one of the most prudent financial investments to make now. How much land does Russia own in the United States? The buyer, Red River Trust, is tied to Bill Gates, the largest farmland owner in the US. 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. . The Guardian, https://www.theguardian.com/commentisfree/2021/apr/05/bill-gates-climate-crisis-farmland. 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. Avian flu is highly infectious, can spread rapidly from flock to flock, and can often kill chickens. Instead, he mostly acts like a landlord and allows professional farmers to keep doing their thingeven if those practices are ruinous to the environment. Since 2020, Gates has held the title of the nations largest private farmland owner, per The Land Report. However, Microsoft wasn't Bill Gates' only successful venture. In fact, Gates is the owner of over 270,000 acres of farmland, which is worth over $700 million! Gates is just using farmland to make Agri-Tech and financial investments. Who owns the most property in Detroit Michigan? Bill Gates and conspiracy theories go together like peanut butter and jelly. 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%. Either that or I had a screw loose. With all of this recent farmland accumulation, one might think Gates is using this land to research these gene edited super seeds. Read also:Which Billionaire Owns The Most Land In The U.S.? There were 895.3 million acres of farmland in America in 2021, according to a 2022 reportfrom the Department of Agriculture. This position in Microsoft was quickly funneled by Cascade Investment into this long term growth strategy. 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.". While Gates is still the top farmland owner in the U.S., not all of the property he owns is farmland. I have written several articles on postings related to Big Tech, Social Media and Corporations. 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. Over the last decade, Bill Gates has invested in multiple companies, including Beyond Meat and Impossible Foods, that develop plant-based meat alternatives. Sign up for our newsletter for the latest tech news and scoops delivered daily to your inbox. While much of this land was transferred to the new state of Hawaii in 1959, the federal government did keep some. Investors from the Netherlands own 33% of that land with Canadians owning 25%. 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. Accessed 28 Apr. Bill Gates owns a ton of farmland in the United Statesas in, about 270,000 acres. 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. 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. Bill Gates speaks during the Global Fund's Seventh Replenishment Conference, Wednesday, Sept. 21, 2022, in New York. It's hard to visualize just how much land 242,000 acres amounts to unless . About 350,000 acres of the U.S. government land in Hawaii were kept for military installations and national parks. Costs are expected to fall in the coming weeks as egg-laying flocks are restored. What they are doing locking up land, not just private land, but in Wilderness Areas, National anything to do with land, Conservation programs that literally pay farmers, dairymen, etc. - Farmland Riches where is bill gates' farmland in michigan. Try the tool that will help you invest smarter, faster, and better. He responded that it was a decision his investment group made. How Long Can You Be Held Without Bond In Michigan? 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. There isn't some grand scheme involved - in fact, all these decisions are made by a professional investment team.. This is because of more intense seasons of drought and rain. 33701 American Homes 4 Rent holds around 57,024 single-family properties (here). Snopes and the Snopes.com logo are registered service marks of Snopes.com. Why Bill Gates Is Investing Big Time In Farmland Across Washington And The Country - Northwest Public Broadcasting About Contact Us Coverage Area Our Staff Work With Us Report an Outage Station News Latest Station News Connect Archives Our Stories Download NWPB App TV Schedules Channel Guide Online Schedules Download Schedules Local Programs 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. In the Reddit AMA, he also said he'll sell what he owns as money goes towards the foundation. As of 2022, he owned 248,000 acres of farmland across more than a dozen states, but this accounts for less than 1% of the total farmland in the U.S. Oct 22, 2014. 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. It is reported that Bill Gates owns over 269,000 acres of farmland in over a dozen states, making him the largest farmland owner in America. Gates and his wife own 269,000 acres of farmland. 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. 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. Using those figures, Gates would own about 0.027% of U.S. farmland. Document shows Rebekah Jones demonstrated a violation of Floridas Whistleblower Act. I had heard this in the past, but didn't give it much thought. There isn't some grand scheme involved - in fact all these decisions are made by a professional investment team.". Gates said during a Reddit AMA: My investment group chose to do this. Just over 70% of these were owned by individual investors. We invest in the farms to raise productivity. to not use their land, is working towards their real agenda. Plum Creek, headquartered in Seattle, Washington, is the largest private landowner in Michigan after purchasing 650,000 acres in 2005. #1. Sign up for notifications from Insider! 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. 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.