Amazon founder Jeff Bezos . 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. 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. Gates has farmlands in Louisiana, Nebraska, Georgia and other areas. Gates personal farmland portfolio is managed by Michael Larson and Cascade Investment. Why did he decide to buy in Amish Country? Who is the largest farmer in the United States? Real estate investors overall have also been increasingly targeting single-family homes. Gates responded: "I own less than 1/4000 of the farmland in the US. Roman Catholic Church: 70 million hectares The largest landowner in the world is not a major oil magnate or a real estate investor. His . Zu den grten Gates-Unternehmen zhlen etwa Betriebe mit 27.952 Hektar in Louisiana, 19.395 Hektar in Arkansas, 10.420 Hektar in Arizona, 8.331 Hektar in Nebraska und 6.514 Hektar im Bundesstaat. 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. Farmland in am. It was near-perfect timing too, as 2000 would quickly see the infamous tech crash of dot com stocks. About 350,000 acres of the U.S. government land in Hawaii were kept for military installations and national parks. He has been buying thousands of acres across America. These subsistence farmers can order equipment and seeds they need, paying what they can over a longer period of time. 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. This is a sponsored promotion for the AcreTrader platform. The tweet had gathered over 215,000 likes at the time of writing. Hint, It's Not Bill Gates. Water bills are soaring in some areas as infrastructure deteriorates, a recent University of Michigan study found. Drinking or using tap water treated with chlorine is dangerous because chlorine is a poison., Obama imposed stricter rules on trains carrying toxins. How can this inform our personal investment decisions? Representatives for Gates did not immediately respond to messages from Insider requesting comment. China has steadily accumulated U.S. Treasury securities over the last few decades. 1 landowner in the U.S. is billionaire John Malone, the chairman of Liberty Media, who tops . 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. The buyer, Red River Trust, is tied to Bill Gates, the largest farmland owner in the US. 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. Another main feature of the Big Bet is the implementation of the culmination of the Gates Foundations research: specialized GMO seeds for different crops that have been gene edited to be pest-proof, flood proof, disease proof, and climate change-resistant. Sign up for our newsletter for the latest tech news and scoops delivered daily to your inbox. Oct 22, 2014. Hearst Magazine Media, Inc. All Rights Reserved. He has also been aproponent of chicken farming. 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.. You can find his previous stuff at Gizmodo and Paste if you look hard enough. 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. Which Billionaire Owns The Most Land In The U.S.? In 2000, the new Gates foundation launched with Bill, Melinda, and Warren Buffet on the trustee board. 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 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 state bars corporations and limited liability companies from owning or even leasing farmlands or ranches and has other limits on trusts, yet the . 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. Bill Gates buys farmland in Amish Country. According to 2021 article from the Land Report, a magazine about land. 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 . Since 2020, Gates has held the title of the nations largest private farmland owner, per The Land Report. These allow investors to get stared with as little as $10,000. I have written several articles on postings related to Big Tech, Social Media and Corporations. The counties with the most total acres of foreign-owned ag land are Keweenaw, Baraga and Alger. Gates owns less than 1% of the nations farmland. 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. It has been very fulfilling for me and is my full time job," Gates continued. Perhaps Bill Gates is looking to test out his GMO seeds. Climate Connection. From the beginning, Cascade Investments focused on blue chip defensive stocks, including Four Seasons, Berkshire Hathaway, Coca Cola, and more. 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. Social media post scrambles the facts on high egg prices, Bill Gates Invested In Artificial Eggs a Decade Before Egg Shortage, Bill Gates is About to Change the Way America Farms, What the plow and lab-grown meat tell us about innovation, Avian influenza outbreaks reduced egg production, driving prices to record highs in 2022, 2022-2023 Confirmations of Highly Pathogenic Avian Influenza in Commercial and Backyard Flocks, Bill Gates owns a lot of American farmland, but not the majority, The controversy over Bill Gates becoming the largest private farmland owner in the US, McDonald's french fries, carrots, onions: all of the foods that come from Bill Gates farmland, Fact Check-Bill Gates doesnt own most U.S. farmland; BlackRock doesnt own most houses, Bill Gates and Richard Branson are betting lab-grown meat might be the food of the future, Bill Gates bets on growing demand for sustainable foods, Lab-Grown Meat Backed by Gates, Tyson Foods Faces U.S. The U.S. Federal Government. 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. Any why now after years of massive success? The report states that Gates has 70,000 acres of land in North Louisiana where they grow soybeans, corn . In a 2020 blog post, he wrote, "The rich should pay more than they currently do, and that includes Melinda and me.". 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. That makes him the largest landowner in the U.S. Stats show agriculture is a pretty good investment for billionaires. Trump killed them., The Kansas City Chiefs Super Bowl win has been put on hold as NFL plans to launch an investigation on possible (performance-enhancing drug) use by Patrick Mahomes during halftime.. The report states that Gates has 70,000 acres of land in North Louisiana where they grow soybeans, corn, cotton. Heres why. as well as other partner offers and accept our. To better understand these questions, it's helpful to review Bill Gates' financial decision through the years, especially as it relates to Microsoft, Cascade Investments, and The Bill and Melinda Gates Foundation. Top editors give you the stories you want delivered right to your inbox each weekday. Gates has been asked about his farmland purchases before. 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. Plum Creek, headquartered in Seattle, Washington, is the largest private landowner in Michigan after purchasing 650,000 acres in 2005. 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. 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. 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). What does Weyerhaeuser have to do with Michigan? Wonderful Company cofounders Stewart and Lynda Resnick (net worth: $7.1 billion) ranked number three . Access your favorite topics in a personalized feed while you're on the go. Owning farmland is one of the most prudent financial investments to make now. Another meme circulating online reads: Bill Gates is buying all the farmland. He responded that it was a decision his investment group made. Gates does own a lot of farmland. There were 895.3 million acres of farmland in America in 2021, according to a 2022 reportfrom the Department of Agriculture. It reported that as of 2022, Gates owned about 248,000 acres of farmland. Former Microsoft CEO Bill Gates owns a majority of America's farmland. Many people wonder why Bill Gates would make these moves with his investment portfolio. In 2020, there were 166 such funds globally, nearly a 9x increase from only 19 in 2005. Bill Gates owns a minimum of 242,000 acres of U.S. farmland in Washington, Illinois, Iowa, Louisiana, California and multiple other states. Some are near cities and might end up having other uses.". Due climate change, dry seasons will be drier, and wet seasons will be more intense, and bring more flooding. Access your favorite topics in a personalized feed while you're on the go. Talk about big bets. As the Land Report notes, 24,800 acres of the land is transitional, located on the western edge of Phoenix, the tenth-largest metropolitan area in the country, and the most populous city in Arizona. You're looking into Bill Gates' Red River Trust purchase of . Bill Gates is best-known for cofounding Microsoft, but he's also a major US landowner, having bought 275,000 acres of farmland. Official: Michigan State gunman had note threatening 2 New Jersey schools. What Returns Should You Expect From Farmland Investing? 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. The controversy over Bill Gates becoming the largest private farmland owner in the US People are drawing connections between Gates's vast farmlands and climate change advocacy. "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. Bill Gates is Americas biggest farmer, his 269000 acres farmland grows potatoes and carrots. Since his divorce, it is unclear how the assets were split up between the couple. There isn't some grand scheme involved - in fact all these decisions are made by a professional investment team.". In fact, in June of 2022 he secured an additional 2,100 acres of farmland in North Dakota for roughly $13.5 million. By Jenna Hoffman July 5, 2022. To put it into perspective, if all of Gates land was in one place, it would cover about 25% of Rhode Island. a Reddit user asked. And many of the American farms Gates owns specialize in produce, such as onions, carrots and potatoes, NBC News reported in 2021. Oversight," June 15, 2018, The Chicago Tribune, "Chicken nuggets and cream cheese grow in trays in a South Side lab. 11 Jan. 2021, https://landreport.com/2021/01/bill-gates-americas-top-farmland-owner/. 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. "In terms of the very rich I think they should pay a lot more in taxes and they should give away their wealth over time. Pregnancy tests include a hidden Plan B pill. 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. As per the Land report and NBC report, Gates has farmlands in Louisiana, Nebraska, Georgia and other areas. 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 major cash crops are field beans, sugar beets, corn and wheat. Gates started purchasing farmland circa 2013 through his investment group, Cascade Investments. 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. "It is not connected to climate. AcreTrader has carved out a niche for themselves that has led to rapid market dominance. Bill Gates was right when he sold his own Microsoft stock to diversify through Cascade in 1994.
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