Perhaps history is repeating itself? Bill Gates Doesn't Own That Much Farmland | Aaron Smith False. 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 But these companies do not own a majority of U.S. single-family homes. In his Reddit AMA last year, one user said, "What do you plan to do with all the farmland you have purchased? Any why now after years of massive success? Bill Gates Becomes the Largest Farmland Owner in the United - People According to O'Keefe, Gates isn't the only one making moves on the farmland market, especially as farm real estate value s nationwide increased 7% from 2020 to $3,390 per acre. Bill Gates Top Farmland Owner in US | Newsmax.com China has steadily accumulated U.S. Treasury securities over the last few decades. The agriculture sector is important. News reports from the last several years suggest that Gates has at different times invested in start-ups focused on developing artificial or plant-based alternatives to meat, such as Natures Fynd, Hampton Creek, Memphis Meats, Beyond Meat and Impossible Foods. Download free guide with advice for beginners. 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. Bill Gates investments in farmland can be seen as part of this trend. The mogul's holdings include large tracts in Illinois, Iowa, Louisiana, California, and about a dozen other states. "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?" While Gates is still the top farmland owner in the U.S., not all of the property he owns is farmland. Wonderful Company cofounders Stewart and Lynda Resnick (net worth: $7.1 billion) ranked number three . to not use their land, is working towards their real agenda. 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. Where Does Bill Gates Own Farmland in the US. a Reddit user asked. For context, Invitation Homes and American Homes 4 Rents combined homes would be less than 1% of the 17.16 million homes, if total housing numbers stayed the same in the last three years. The transitional land he owns in Arizona is reportedly being built into a suburb .. Ive gotten a big earful on this from clear across the state, its not even from that neighborhood, said Goehring. How Long Can You Be Held Without Bond In Michigan? 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. North Dakota Investigates Farmland Purchases by Trust Linked to Bill Gates 28. researchers warned about the potential risk of a global food shortage, currently no nationwide food shortages in the United States, the number of fires was not extraordinary, the causes of the fires were not unusual, and the damage caused by the fires was minimal, 2021 report from the United States Department of Agriculture and the National Agriculture Statistics Service, you'd cover an area about a quarter the size of Rhode Island, Gates was putting microchips into vaccines, Gates had input tracking devices into vaccines, vaccinations as a way to depopulate the planet. The Future of Farming According to Bill Gates - NutriTruth 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. 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. How much land does Russia own in the United States? Neither of these are a perfect option. Stay up to date with what you want to know. Many people wonder why Bill Gates would make these moves with his investment portfolio. While BlackRock does not directly own single-family houses, as the worlds largest asset manager (here), it owns stock in companies that do. Gates farmland now totals 242,000 acres. The financial crisis later in that same decade prompted an explosion of investments into farmland when monetary safe havens became scarce. 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. Document shows Rebekah Jones demonstrated a violation of Floridas Whistleblower Act. Bill Gates is about to change the way America farms 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. Bill Gates just bought 2,100 acres of farmland in North Dakota, adding to the 270,000 acres he inexplicably owns throughout the US China also just bought 300 acres there, adding to the 192,000 . District of Columbia As per the Land report and NBC report, Gates has farmlands in Louisiana, Nebraska, Georgia and other areas. - Farmland Riches where is bill gates' farmland in michigan. Some of the links on this site are affiliate links. His 242,000 acres of farmland stretch across 18 states from Washington to Florida,. His . Since 2020, Gates has held the title of the nations largest private farmland owner, per The Land Report. The No. Merged from the William H. Gates Foundation and the Gates Learning Foundation, The Bill and Melinda Gates Foundation quickly became the largest private foundation in history. 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. 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. Who are the biggest absentee landowners in Illinois? His idea, like many others, was to diversify his investments across different asset classes. Think about how much Bill Gates would have lost if he hadn't diversified in 1999. 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. A Grimmway Farms employee moves a water pipe at one of their carrot farms in the Antelope Valley. 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. FPI is internally managed and the company owns farms in 16 states, including Alabama, Arkansas, California, Colorado, Florida, Georgia, Illinois, Kansas, Louisiana, Michigan, Mississippi,. Try the tool that will help you invest smarter, faster, and better. 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. Fact Check-Bill Gates doesn't own most U.S. farmland - Reuters 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. In the past 20 years, the foundation has grown to hold over $48 billion. He has been buying thousands of acres across America. By 2019, the USDA says foreign ownership of U.S. acres exceeded 35.2 million acres, a 60 percent increase from the decade prior. The buyer, Red River Trust, is tied to Bill Gates, the largest farmland owner in the US. 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). Don't miss real-time alerts on your stocks - join Benzinga Pro for free! Bill Gates owns massive parcels of farmland. It's not part of his plans Our only agenda is to publish the truth so you can be an informed participant in democracy. Some experts have pointed to Gatess well-known sustainability and green tech initiatives as a possible reason, but during an earlier Reddit AMA in 2021, Gates said, my investment group chose to do this. North Dakota Agriculture Commissioner Doug Goehring spoke with KFYR, stating that the public reaction to the purchase has been negative. Corn production is concentrated in the Lower Peninsula with Saginaw and Lenawee counties as Michigans largest producers. 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. But the fact remains, as the Daily Mail notes, Gates computer "nerd" and . Today, Bill Gates owns 242,000 acres of farmland in 19 states. We need your help. Some are near cities and might end up having other uses.". The report states that Gates has 70,000 acres of land in North Louisiana where they grow soybeans, corn, cotton. (here). 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). He has also been aproponent of chicken farming. 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. 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. stated on February 13, 2023 in a Facebook post, Gates investments in plant-based meat and farmland. Michigan - 2,167 acres; Mississippi - 16,963 acres; Nebraska - 20,588 acres; New Mexico - 1 acre; North Carolina - 874 . Bill Gates reveals reasons behind massive farmland purchases Earlier this week,North Dakota State Attorney General Drew Wrigley wrote a letter to Red River Trust, stating that its corporations and LLCs were prohibited from owning or leasing farmland or ranchland in the state of North Dakota. Wrigley added that these entities were banned from engaging in farming or ranching.. (here) (here). While this is certainly a lot of acreage, it represents less than 1% of all the farmland in the United States. Contacted by Reuters, a BlackRock spokesperson said: BlackRock is not buying single-family homes and is not competing with individuals to purchase houses in America.. Billionaire Bill Gates explains why he buys a lot agricultural land - Photo: BENZINGA. Drinking or using tap water treated with chlorine is dangerous because chlorine is a poison., Obama imposed stricter rules on trains carrying toxins. 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 . A $13.5 million purchase of a North Dakota potato farm is drawing outrage and legal scrutiny. "With more productive seeds we can avoid deforestation and help Africa deal with the climate difficulty they already face. According to Redfin, single-family housing represented over 70% of the properties purchased by investors in the third quarter of 2021 (here). During his 11th appearance in the "Ask Me Anything" . 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. Nancy Pelosi (purchased) 10,000 shares of Amgen, manufacturer of Nplate, a drug used to treat radiation sickness.. 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. Which Billionaire Owns The Most Land In The U.S.? Now Chinese companies and businessmen are planning to make their home in the United States. America's Biggest Owner Of Farmland Is Now Bill Gates - Forbes How many farms Does Bill Gates Own? Accessed 28 Apr. The report states that Gates has 70,000 acres of land in North Louisiana where they grow soybeans, corn, cotton. 801 3rd St. S At about $6,000 per acre, the potato farm cost roughly half of what Gates reportedly spent on highly coveted soil closer to his home in Washington. Charlie Kirk EXPOSES Shocking, Highly Worrisome Reason Why Bill Gates 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. See MCL 436.1701., Michigan taxpayers are allowed to take a number of exemptions, depending on the number of people in the taxpayers household, their ages, and other factors, If the defendant is held for more than 24 hours without being brought before the court under subsection (2), the officer in charge of the, An ORV or off-road vehicle is a motor-driven, recreational vehicle capable of driving on a range of terrains not limited to roadways and, Michigan leads the nation in tart cherry production. Who owns the most land in the world 2021? Your membership is the foundation of our sustainability and resilience. This article will go into detail about how much land Bill Gates owns and why he owns so much. Gates said during a Reddit AMA: My investment group chose to do this. Bill Gates now the biggest owner of farmland in the US But that's just a portion of the vast holdings Gates and his ex-wife, Melinda French Gates, own from sea to shining sea. 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. 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.. 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. (AP). Top editors give you the stories you want delivered right to your inbox each weekday. Eggs have become expensive and scarce in some parts of the country. American Homes 4 Rent holds around 57,024 single-family properties (here). Farmland Riches, LLC and the owners may have investments in companies represented on the AcreTrader platform. Oct 22, 2014. I have invested in these farms to make them more productive and create more jobs. The 2,100 acre potato farm adds to his massive portfolio of farm investments. Gates believes that subsistence farmers and impoverished peoples will be among the most affected by climate change. 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. Bill Gates shops for 'hundreds of acres of sustainable farmland' from 41 on The Land Report's 2022 list of Americans who own the most land. As we learned above, in most farmland investment situations, the farmland owner leases their land to tenant farmers, who usually live on and work the land. As of the latest Rental Housing Finance Survey (2018), there were 19.955 million rental properties in the United States (bit.ly/3FdPtKZ), 17.16 million of them single unit rental properties (bit.ly/3KLCjWH). 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.. Hint, It's Not Bill Gates. It is not connected to climate. He also reportedly owns about 16,000. Why Is Bill Gates Buying So Much Farmland? - Farmland Riches 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. Well, as with everything in life, there is always a trade-off especially in finance. The mainland Chinese company Sino-Michigan Properties LLC has paid $1.9 million for 200 acres of undeveloped land in Milan, Michigan. There were 895.3. Microsoft founder Bill Gates and his wife Melinda have amassed the largest portfolio of private farmland in the US, according to The Land Report. 420,000 acresBill and Melinda Gates prior to their divorce accumulated roughly 270,000 acres of farmland in less than a decade. PolitiFact | The Bill Gates egg shortage conspiracy isn't all it's The REAL reason Bill Gates is buying US land. We invest in the farms to raise productivity. Bill Gates uses farmland as an investment outlet buying up - NBC News 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. 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 does not own anywhere close to the majority of America's farmland. It isless than .1% of all US farmland because the ownership is so diverse. That makes him the largest landowner in the U.S. Stats show agriculture is a pretty good investment for billionaires. More surprising, however, was the fact that Bill and Melinda Gates own more private farmland . Bill Gates is America's biggest farmer with 269000 acres farmland which 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. Who owns the most farm ground in the US? F' off Gates! According to 2021 article from the Land Report, a magazine about land ownership, Gates owns approximately 242,000 acres of farmland. The Land Reportmagazine reported in January that Bill and Melinda Gates have amassed the largest portfolio of private farmland in the U.S. A $171 million purchase of 14,500 acres of prime eastern Washington farmland in 2018 gave the power couple an estimated 242,000 acres of farmland, which is nearly the size of Hong Kong. The tech billionaire owns 69,071 acres in Louisiana, 47,927 acres in Arkansas, and 20,588 acres in Nebraska. These states include: Arizona - 25,750 acres; Arkansas - 47,927 acres . He recently tried to explain why, and it was a little hard to follow. Is Gladstone Land Corp (LAND) A Good Investment? Bill Gates owns a minimum of 242,000 acres of U.S. farmland in Washington, Illinois, Iowa, Louisiana, California and multiple other states. Bill Gates currently owns over 268,000 acres of American farmland spread out over 19 states. "Those people are upset, but there are others that are just livid about this.". Either that or I had a screw loose. Oftentimes, those fingers get pointed at Gates. Northern Kansas land sale averages $3,500 per acre. Climate Connection. 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. St. Petersburg, FL Featured in the agricultural side of their plan is a strategy for subsistence farmers and other small-acre farms in Africa and the developing world education, resources, and layaway payment plans which can be used through smartphones. ", Gates responded at the time, "My investment team bought the farmland. Washington, DC 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.. Louisiana is the top state. It's hard to visualize just how much land 242,000 acres amounts to unless . Hes also written about the need for more ways to produce meat without depleting environmental resources. Instead, he mostly acts like a landlord and allows professional farmers to keep doing their thingeven if those practices are ruinous to the environment. The Agriculture Department estimates there are more than 895 million acres of farmland in the U.S., making Gates share 0.028%. 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. He has invested in multiple companies developing artificial or plant-based alternatives to meat, but he supports chicken farming and agricultural development. Darren lives in Portland, has a cat, and writes/edits about sci-fi and how our world works. 1800 I Street NW Why Bill Gates is now the US' biggest farmland owner - New York Post State law prohibits corporations, LLCs, and trusts from farming or ranching activities. Gates started purchasing farmland circa 2013 through his investment group, Cascade Investments. Officially, the general public doesnt know exactly what Bill Gates growing farmland estate is being used for. Bill Gates is Americas biggest farmer, his 269000 acres farmland grows potatoes and carrots. Infected flocks are culled to prevent the flu from spreading. Water bills are soaring in some areas as infrastructure deteriorates, a recent University of Michigan study found. Gates, currently the sixth-richest person in the world, has a net worth of $111 billion, according to the Bloomberg Billionaires Index. Due climate change, dry seasons will be drier, and wet seasons will be more intense, and bring more flooding. While Gates has spent billions investing in agricultural properties to make them more productive, a growing number of retail investors are getting a piece of the real estate market with as little as $100 through companies backed by high-profile investors like Jeff Bezos. 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.