Why Is Bill Gates Buying Farmland? How Much Does He Own? - Farmfolio 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. Water bills are soaring in some areas as infrastructure deteriorates, a recent University of Michigan study found. Bill Gates does not own the majority of U.S. farmland. The REAL reason Bill Gates is buying US land. He also reportedly owns about 16,000. Does this investment say anything about the state of the. This position in Microsoft was quickly funneled by Cascade Investment into this long term growth strategy. Amazon founder and chairman Jeff Bezos has amassed 420,000 acres in recent years. But these companies do not own a majority of U.S. single-family homes. 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. 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. Bill left most of his professional work at Microsoft at this time to work with Melinda and the foundation. Or, have more control over the resources we all use and need. More surprising, however, was the fact that Bill and Melinda Gates own more private farmland . In the same way you can invest into ETFs (Exchange Traded Funds) in the stock market, there exist similar products for farmland called farmland REITs. Gates and his investment team own more than 240,000 acres, as reported by OKeefe, including 2,167 acres in Michigan. What Happened: Gates answered dozens of questions over the course of a few hours during the AMA, including: 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?, He responded, I own less than 1/4000 of the farmland in the US. Satellites are on balloons and not in space.. Click here to view current offerings on AcreTrader! The . KX News' Josh Meny sat down with Vogel who says the Attorney General's office is impeding her investigation into the purchase. How can this inform our personal investment decisions? Talk about big bets. Just over 70% of these were owned by individual investors. 33701 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. The financial crisis later in that same decade prompted an explosion of investments into farmland when monetary safe havens became scarce. The Bureau of Labor Statistics latest update shows egg prices rose 60% over the last year. 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. How Long Can You Be Held Without Bond In Michigan? Some of the links on this site are affiliate links. Social media users are falsely claiming that Gates owns the majority of U.S. farmland. It was near-perfect timing too, as 2000 would quickly see the infamous tech crash of dot com stocks. Hes also written about the need for more ways to produce meat without depleting environmental resources. It's hard to visualize just how much land 242,000 acres amounts to unless . Donald Trump is back on Twitter, thanks to Elon Musk. 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. While the Gates' own a lot of farmland, nonfarmers own 283 million acres of farmland throughout the U.S. AREA 8 CASH CROPS AND DAIRY Area 8 is the leading cash crop area in Michigan. There isn't some grand scheme involved - in fact, all these decisions are made by a professional investment team.. Bill Gates, and the Chinese, are not just buying up farm land for that purpose. Accessed 28 Apr. By Jenna Hoffman July 5, 2022. According to The Land Report, the Microsoft co-founder owns farmland across 18 states, with the largest holdings being in Louisiana (69,071 acres), Arkansas (47,927 acres) and Nebraska (20,588. Check out:How To Invest In Real Estate With $100. Who owns the most property in Detroit Michigan? Purchasing your own farm outright means that you are not diversified across many farms; just 1. 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.. Alongside his investments, Gates has also purchased farmland in at least 19 states, according to 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). While private companies and corporations are increasing . Starting in 2013, Gates began investing his billions (through the firm Cascade Investment) in agriculture because of its steady increase in value and low volatility. 2023 Benzinga.com. Pregnancy tests include a hidden Plan B pill. Farmland REITs have a high degree of correlation with the overall stock market, and returns tend to be lower than less liquid farmland investments. Our Standards: The Thomson Reuters Trust Principles. No, its the Roman Catholic Church. Gates farmland now totals 242,000 acres. Gates has been asked about his farmland purchases before. These rumors, like the present rumor about Gates buying up the majority of farmland in the United States for nefarious purposes, are all false. 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. Gates is No. In 2018, Michigan produced 297 million bushels of corn grain, worth $1 billion. 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. This article will go into detail about how much land Bill Gates owns and why he owns so much. What Asset Class Is Farmland Considered To Be? Bill Gates Defends Farmland Purchases: 'There Isn't Some Grand Scheme' The report states that Gates has 70,000 acres of land in North Louisiana where they grow soybeans, corn . What Land Does Bill Gates Own In Michigan? 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. There isn't some grand scheme involved - in fact all these decisions are made by a professional investment team.". Bill Gates Farmland: Why Is the Billionaire Buying So Much? It is unclear how cheap biofuels can be but if they are cheap it can solve the aviation and truck emissions. Amazon founder Jeff Bezos . Bill Gates Uses Farmland as Investment Vehicle, Owning 269,000 Acres of Land. NBC News, https://www.nbcnews.com/now/video/bill-gates-is-nation-s-largest-farmland-owner-114566213692. Why Bill Gates is now the US' biggest farmland owner - New York Post At the turn of this century, Chinese owners owned about 192,000 acres of farmland in the U.S., according to the USDA. Since it works as an investment for him, it also includes the benefits of using land as an . By clicking Sign up, you agree to receive marketing emails from Insider His idea, like many others, was to diversify his investments across different asset classes. Why Is Bill Gates Buying So Much Farmland? - Farmland Riches Investors from the Netherlands own 33% of that land with Canadians owning 25%. Gates and his investment team own more than 240,000 acres, as reported by O'Keefe, including 2,167 acres in Michigan. Benzinga does not provide investment advice. Best Farmland Investing Platforms Non-Accredited, Best Canadian Farmland Investing Platforms. 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. Your membership is the foundation of our sustainability and resilience. Bill is now the biggest owner of farmland in 2022 a great hedge asset against rising inflation. Bill Gates owns about 400 acres of farmland outside of Malmo, Nebraska, that he rents to a local farmer. Document shows Rebekah Jones demonstrated a violation of Floridas Whistleblower Act. Bill Gates Becomes the Largest Farmland Owner in the United - People An entity linked to billionaire Bill Gates has reportedly purchased 2,100 acres of potato farmland in northern North Dakota angering local residents. His . Is this just a regular investment move, made on a large scale? 41 on The Land Report's 2022 list of Americans who own the most land. While much of this land was transferred to the new state of Hawaii in 1959, the federal government did keep some. Prime soils and the moderating, Best Strip Clubs For 18 And Over in Detroit, Michigan. 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. Our state produces about 75 percent of the nations tart cherry crop. Report: Bill Gates is largest owner of private farmland in U.S., with In 1999, Cascade Investment made an interesting decision: Gates sold over 7 million personal Microsoft shares to further diversify his portfolio. Who is the largest landowner in the world? Bill Gates explains why he buys so much farmland 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. The Michigan State University shooter is a 21-year-old man named Lynn Dee Walker. (Read more about our partnership with Meta, which owns Facebook and Instagram.). 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. 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. In fact, he reportedly owns more farmland than any other individual in America. These states include: Arizona - 25,750 acres; Arkansas - 47,927 acres . Farmland is what is known as an alternative asset an investment that can grow wealth outside of the stock market. 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. 420,000 acresBill and Melinda Gates prior to their divorce accumulated roughly 270,000 acres of farmland in less than a decade. For now, Gatess ever-expanding farmland ownership is really just rich guy doing rich guy things, and while concerning in a late-stage capitalism sort of way, it isnt as cartoonishly nefarious as some conspiratorial corners of the internet want to believe. FILE - Bill Gates attends a discussion during the 'Munich Security Conference' in Munich, Germany, Friday, Feb. 18, 2022. 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. 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 private office, Gates Ventures, told PolitiFact this claim is false. "Those people are upset, but there are others that are just livid about this.". 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. Bill Gates 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. From the beginning, Cascade Investments focused on blue chip defensive stocks, including Four Seasons, Berkshire Hathaway, Coca Cola, and more. Gates personal farmland portfolio is managed by Michael Larson and Cascade Investment. These posts were flagged as part of Instagrams efforts to combat false news and misinformation. 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. Social media post scrambles the facts on high egg prices," Jan. 13, 2023, Various searches on Google and Nexis, accessed Jan. 24, 2023, The Land Report, "Farmer Bill," Jan. 11, 2021, The Land Report, "Bill Gates is About to Change the Way America Farms," Winter 2020 magazine issue, The Land Report 100, Winter 2021 magazine issue, The Land Report 100, Winter 2022 magazine issue, Email exchange, Eric OKeefe, editor, The Land Report, Jan. 23, 2023, Email exchange, Gates Ventures, Jan. 24, 2023, GatesNotes, "Future of food," March 18, 2013, GatesNotes, "What the plow and lab-grown meat tell us about innovation," Feb. 27, 2019, GatesNotes, "Is there enough meat for everyone?," April 21, 2015, GatesNotes, "Why I would raise chickens," June 7, 2016, U.S. Bureau of Labor Statistics, "Consumer Price Index," Jan. 12, 2023, U.S. Department of Agriculture, "Avian influenza outbreaks reduced egg production, driving prices to record highs in 2022," Jan. 11, 2023, U.S. Department of Agriculture, "2022-2023 Confirmations of Highly Pathogenic Avian Influenza in Commercial and Backyard Flocks," Jan. 18, 2023, U.S. Department of Agriculture, "Avian Influenza," Jan. 18, 2023, U.S. Department of Agriculture, "Farms and Land in Farms, 2021 Summary," February 2022, Reddit, Bill Gates Ask Me Anything, March 19, 2021, Bill & Melinda Gates Foundation, "Agricultural Development," accessed Jan. 24, 2023, Associated Press, "Bill Gates owns a lot of American farmland, but not the majority," May 2, 2022, Vox, "The controversy over Bill Gates becoming the largest private farmland owner in the US," June 11, 2021, NBC News, "McDonald's french fries, carrots, onions: all of the foods that come from Bill Gates farmland," June 8, 2021, Reuters, "Fact Check-Bill Gates doesnt own most U.S. farmland; BlackRock doesnt own most houses," May 5, 2022, CNBC, "Bill Gates and Richard Branson are betting lab-grown meat might be the food of the future," March 23, 2018, CNBC, "Bill Gates bets on growing demand for sustainable foods," May 14, 2015, Bloomberg News, "Lab-Grown Meat Backed by Gates, Tyson Foods Faces U.S. 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. Claims online that billionaire Microsoft co-founder Bill Gates owns the majority of U.S. farmland and that BlackRock, the worlds largest asset manager, owns the majority of U.S. single-family houses are factually inaccurate, according to industry data and spokespeople for Gates and BlackRock. 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 Of those states, Gates owns the most land in Louisiana, where he is proprietor of more than 69,000 acres. This article Bill Gates Finally Explains Why He's Buying So Much U.S. 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). In fact, Gates is the owner of over. Table of Contents show The billionaire philanthropist Bill Gates, America's largest farmland owner, apparently bought a potato farm in North Dakota, and local residents aren't too happy about it. 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.. 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. ", Gates responded at the time, "My investment team bought the farmland. Bill Gates reveals reasons behind massive farmland purchases 1800 I Street NW In his Reddit AMA last year, one user said, "What do you plan to do with all the farmland you have purchased? The Agriculture Department estimates there are more than 895 million acres of farmland in the U.S., making Gates share 0.028%. 1995 - 2023 by Snopes Media Group Inc. Read next:Bezos-Backed Startup Lets You Become A Landlord With $100. His largest holding is in Louisiana (69,071 acres), followed by Arkansas (47,927 acres) and Arizona (25,750 acres). 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. Billionaire Bill Gates explains why he buys a lot agricultural land - Photo: BENZINGA. Gates owns less than 1% of the nations farmland. In fact, Gates is the owner of over 270,000 acres of farmland, which is worth over $700 million! North Dakota Agriculture Commissioner Doug Goehring spoke with KFYR, stating that the public reaction to the purchase has been negative. Bill Gates Is America's Largest Private Owner of Farmland - Breitbart Follow him on Twitter@LucasNolanor contact via secure email at the addresslucasnolan@protonmail.com, EconomyPoliticsTechBill GatesFarmersfarmlandNorth Dakota. 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.. Carnival Valor Rooms To Avoid, Wegovy Mexico Pharmacy, Ruben Gomez Obituary Las Cruces, Nm, Articles W
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where is bill gates' farmland in michigan

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where is bill gates' farmland in michigan

Why Is Bill Gates Buying Farmland? How Much Does He Own? - Farmfolio 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. Water bills are soaring in some areas as infrastructure deteriorates, a recent University of Michigan study found. Bill Gates does not own the majority of U.S. farmland. The REAL reason Bill Gates is buying US land. He also reportedly owns about 16,000. Does this investment say anything about the state of the. This position in Microsoft was quickly funneled by Cascade Investment into this long term growth strategy. Amazon founder and chairman Jeff Bezos has amassed 420,000 acres in recent years. But these companies do not own a majority of U.S. single-family homes. 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. 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. Bill left most of his professional work at Microsoft at this time to work with Melinda and the foundation. Or, have more control over the resources we all use and need. More surprising, however, was the fact that Bill and Melinda Gates own more private farmland . In the same way you can invest into ETFs (Exchange Traded Funds) in the stock market, there exist similar products for farmland called farmland REITs. Gates and his investment team own more than 240,000 acres, as reported by OKeefe, including 2,167 acres in Michigan. What Happened: Gates answered dozens of questions over the course of a few hours during the AMA, including: 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?, He responded, I own less than 1/4000 of the farmland in the US. Satellites are on balloons and not in space.. Click here to view current offerings on AcreTrader! The . KX News' Josh Meny sat down with Vogel who says the Attorney General's office is impeding her investigation into the purchase. How can this inform our personal investment decisions? Talk about big bets. Just over 70% of these were owned by individual investors. 33701 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. The financial crisis later in that same decade prompted an explosion of investments into farmland when monetary safe havens became scarce. The Bureau of Labor Statistics latest update shows egg prices rose 60% over the last year. 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. How Long Can You Be Held Without Bond In Michigan? Some of the links on this site are affiliate links. Social media users are falsely claiming that Gates owns the majority of U.S. farmland. It was near-perfect timing too, as 2000 would quickly see the infamous tech crash of dot com stocks. Hes also written about the need for more ways to produce meat without depleting environmental resources. It's hard to visualize just how much land 242,000 acres amounts to unless . Donald Trump is back on Twitter, thanks to Elon Musk. 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. While the Gates' own a lot of farmland, nonfarmers own 283 million acres of farmland throughout the U.S. AREA 8 CASH CROPS AND DAIRY Area 8 is the leading cash crop area in Michigan. There isn't some grand scheme involved - in fact, all these decisions are made by a professional investment team.. Bill Gates, and the Chinese, are not just buying up farm land for that purpose. Accessed 28 Apr. By Jenna Hoffman July 5, 2022. According to The Land Report, the Microsoft co-founder owns farmland across 18 states, with the largest holdings being in Louisiana (69,071 acres), Arkansas (47,927 acres) and Nebraska (20,588. Check out:How To Invest In Real Estate With $100. Who owns the most property in Detroit Michigan? Purchasing your own farm outright means that you are not diversified across many farms; just 1. 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.. Alongside his investments, Gates has also purchased farmland in at least 19 states, according to 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). While private companies and corporations are increasing . Starting in 2013, Gates began investing his billions (through the firm Cascade Investment) in agriculture because of its steady increase in value and low volatility. 2023 Benzinga.com. Pregnancy tests include a hidden Plan B pill. Farmland REITs have a high degree of correlation with the overall stock market, and returns tend to be lower than less liquid farmland investments. Our Standards: The Thomson Reuters Trust Principles. No, its the Roman Catholic Church. Gates farmland now totals 242,000 acres. Gates has been asked about his farmland purchases before. These rumors, like the present rumor about Gates buying up the majority of farmland in the United States for nefarious purposes, are all false. 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. Gates is No. In 2018, Michigan produced 297 million bushels of corn grain, worth $1 billion. 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. This article will go into detail about how much land Bill Gates owns and why he owns so much. What Asset Class Is Farmland Considered To Be? Bill Gates Defends Farmland Purchases: 'There Isn't Some Grand Scheme' The report states that Gates has 70,000 acres of land in North Louisiana where they grow soybeans, corn . What Land Does Bill Gates Own In Michigan? 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. There isn't some grand scheme involved - in fact all these decisions are made by a professional investment team.". Bill Gates Farmland: Why Is the Billionaire Buying So Much? It is unclear how cheap biofuels can be but if they are cheap it can solve the aviation and truck emissions. Amazon founder Jeff Bezos . Bill Gates Uses Farmland as Investment Vehicle, Owning 269,000 Acres of Land. NBC News, https://www.nbcnews.com/now/video/bill-gates-is-nation-s-largest-farmland-owner-114566213692. Why Bill Gates is now the US' biggest farmland owner - New York Post At the turn of this century, Chinese owners owned about 192,000 acres of farmland in the U.S., according to the USDA. Since it works as an investment for him, it also includes the benefits of using land as an . By clicking Sign up, you agree to receive marketing emails from Insider His idea, like many others, was to diversify his investments across different asset classes. Why Is Bill Gates Buying So Much Farmland? - Farmland Riches Investors from the Netherlands own 33% of that land with Canadians owning 25%. Gates and his investment team own more than 240,000 acres, as reported by O'Keefe, including 2,167 acres in Michigan. Benzinga does not provide investment advice. Best Farmland Investing Platforms Non-Accredited, Best Canadian Farmland Investing Platforms. 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. Your membership is the foundation of our sustainability and resilience. Bill is now the biggest owner of farmland in 2022 a great hedge asset against rising inflation. Bill Gates owns about 400 acres of farmland outside of Malmo, Nebraska, that he rents to a local farmer. Document shows Rebekah Jones demonstrated a violation of Floridas Whistleblower Act. Bill Gates Becomes the Largest Farmland Owner in the United - People An entity linked to billionaire Bill Gates has reportedly purchased 2,100 acres of potato farmland in northern North Dakota angering local residents. His . Is this just a regular investment move, made on a large scale? 41 on The Land Report's 2022 list of Americans who own the most land. While much of this land was transferred to the new state of Hawaii in 1959, the federal government did keep some. Prime soils and the moderating, Best Strip Clubs For 18 And Over in Detroit, Michigan. 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. Our state produces about 75 percent of the nations tart cherry crop. Report: Bill Gates is largest owner of private farmland in U.S., with In 1999, Cascade Investment made an interesting decision: Gates sold over 7 million personal Microsoft shares to further diversify his portfolio. Who is the largest landowner in the world? Bill Gates explains why he buys so much farmland 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. The Michigan State University shooter is a 21-year-old man named Lynn Dee Walker. (Read more about our partnership with Meta, which owns Facebook and Instagram.). 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. 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. In fact, he reportedly owns more farmland than any other individual in America. These states include: Arizona - 25,750 acres; Arkansas - 47,927 acres . Farmland is what is known as an alternative asset an investment that can grow wealth outside of the stock market. 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. 420,000 acresBill and Melinda Gates prior to their divorce accumulated roughly 270,000 acres of farmland in less than a decade. For now, Gatess ever-expanding farmland ownership is really just rich guy doing rich guy things, and while concerning in a late-stage capitalism sort of way, it isnt as cartoonishly nefarious as some conspiratorial corners of the internet want to believe. FILE - Bill Gates attends a discussion during the 'Munich Security Conference' in Munich, Germany, Friday, Feb. 18, 2022. 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. 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 private office, Gates Ventures, told PolitiFact this claim is false. "Those people are upset, but there are others that are just livid about this.". 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. Bill Gates 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. From the beginning, Cascade Investments focused on blue chip defensive stocks, including Four Seasons, Berkshire Hathaway, Coca Cola, and more. Gates personal farmland portfolio is managed by Michael Larson and Cascade Investment. These posts were flagged as part of Instagrams efforts to combat false news and misinformation. 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. Social media post scrambles the facts on high egg prices," Jan. 13, 2023, Various searches on Google and Nexis, accessed Jan. 24, 2023, The Land Report, "Farmer Bill," Jan. 11, 2021, The Land Report, "Bill Gates is About to Change the Way America Farms," Winter 2020 magazine issue, The Land Report 100, Winter 2021 magazine issue, The Land Report 100, Winter 2022 magazine issue, Email exchange, Eric OKeefe, editor, The Land Report, Jan. 23, 2023, Email exchange, Gates Ventures, Jan. 24, 2023, GatesNotes, "Future of food," March 18, 2013, GatesNotes, "What the plow and lab-grown meat tell us about innovation," Feb. 27, 2019, GatesNotes, "Is there enough meat for everyone?," April 21, 2015, GatesNotes, "Why I would raise chickens," June 7, 2016, U.S. Bureau of Labor Statistics, "Consumer Price Index," Jan. 12, 2023, U.S. Department of Agriculture, "Avian influenza outbreaks reduced egg production, driving prices to record highs in 2022," Jan. 11, 2023, U.S. Department of Agriculture, "2022-2023 Confirmations of Highly Pathogenic Avian Influenza in Commercial and Backyard Flocks," Jan. 18, 2023, U.S. Department of Agriculture, "Avian Influenza," Jan. 18, 2023, U.S. Department of Agriculture, "Farms and Land in Farms, 2021 Summary," February 2022, Reddit, Bill Gates Ask Me Anything, March 19, 2021, Bill & Melinda Gates Foundation, "Agricultural Development," accessed Jan. 24, 2023, Associated Press, "Bill Gates owns a lot of American farmland, but not the majority," May 2, 2022, Vox, "The controversy over Bill Gates becoming the largest private farmland owner in the US," June 11, 2021, NBC News, "McDonald's french fries, carrots, onions: all of the foods that come from Bill Gates farmland," June 8, 2021, Reuters, "Fact Check-Bill Gates doesnt own most U.S. farmland; BlackRock doesnt own most houses," May 5, 2022, CNBC, "Bill Gates and Richard Branson are betting lab-grown meat might be the food of the future," March 23, 2018, CNBC, "Bill Gates bets on growing demand for sustainable foods," May 14, 2015, Bloomberg News, "Lab-Grown Meat Backed by Gates, Tyson Foods Faces U.S. 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. Claims online that billionaire Microsoft co-founder Bill Gates owns the majority of U.S. farmland and that BlackRock, the worlds largest asset manager, owns the majority of U.S. single-family houses are factually inaccurate, according to industry data and spokespeople for Gates and BlackRock. 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 Of those states, Gates owns the most land in Louisiana, where he is proprietor of more than 69,000 acres. This article Bill Gates Finally Explains Why He's Buying So Much U.S. 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). In fact, Gates is the owner of over. Table of Contents show The billionaire philanthropist Bill Gates, America's largest farmland owner, apparently bought a potato farm in North Dakota, and local residents aren't too happy about it. 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.. 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. ", Gates responded at the time, "My investment team bought the farmland. Bill Gates reveals reasons behind massive farmland purchases 1800 I Street NW In his Reddit AMA last year, one user said, "What do you plan to do with all the farmland you have purchased? The Agriculture Department estimates there are more than 895 million acres of farmland in the U.S., making Gates share 0.028%. 1995 - 2023 by Snopes Media Group Inc. Read next:Bezos-Backed Startup Lets You Become A Landlord With $100. His largest holding is in Louisiana (69,071 acres), followed by Arkansas (47,927 acres) and Arizona (25,750 acres). 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. Billionaire Bill Gates explains why he buys a lot agricultural land - Photo: BENZINGA. Gates owns less than 1% of the nations farmland. In fact, Gates is the owner of over 270,000 acres of farmland, which is worth over $700 million! North Dakota Agriculture Commissioner Doug Goehring spoke with KFYR, stating that the public reaction to the purchase has been negative. Bill Gates Is America's Largest Private Owner of Farmland - Breitbart Follow him on Twitter@LucasNolanor contact via secure email at the addresslucasnolan@protonmail.com, EconomyPoliticsTechBill GatesFarmersfarmlandNorth Dakota. 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..

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