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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. According to Mother Jones, the average price of farmland increased six times from 1940 to 2015, and the trend is likely to continue as the amount of arable land in the U.S. continues to shrink from climate-related pressures. These claims are not true. The major cash crops are field beans, sugar beets, corn and wheat. Darren lives in Portland, has a cat, and writes/edits about sci-fi and how our world works. As of 2020, industry reports show he owned about 0.027% of U.S. farmland. The Gates Foundation has seen steady success and growth since their launch, funding science, research, agriculture and education. Northern Kansas land sale averages $3,500 per acre. Bill and Melinda Gates also cracked the Land Report's Top 100 Landowners for the first time coming in at number 49. Bill left most of his professional work at Microsoft at this time to work with Melinda and the foundation. Our office needs to confirm how your company uses this land and whether this use meets any of the statutory exceptions, such as the business purpose exception, so that we may close this case and file it in our inactive files, the letter added. Neither of these are a perfect option. 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. Ive gotten a big earful on this from clear across the state, its not even from that neighborhood, said Goehring. Gates' interest in farmland is still strong. Bill Gates is well-known for building Microsoft, but it's a lesser-known fact that he's also the biggest private landowner in the US. The old saying about land is they aren't making any more of it. Supply and demand? In 2020, there were 166 such funds globally, nearly a 9x increase from only 19 in 2005. Real estate investors overall have also been increasingly targeting single-family homes. Because of this crucial factor inherent to farmland, it also tends to provide better, consistent returns during times where inflation rises another scenario where more traditional assets like stocks and real estate suffer in. Farmland Riches, LLC and the owners may have investments in companies represented on the AcreTrader platform. While private companies and corporations are increasing . Why doesnt everyone just invest in farmland then? Last year, Gates vowed to give away "virtually all" of his fortune to the philanthropic foundation he runs with French Gates. Who is the largest landowner in the world? The figure is far below the total area of U.S. farmland. In his annual Reddit AMA Wednesday, Gates was asked why he has bought so much farmland. There isn't some grand scheme involved - in fact, all these decisions are made by a professional investment team.. Toxic chemicals known as PFAS, or per- and, 2 hours, 2 minutes. Oct 22, 2014. Gates' 242,000 acres amounts to about 0.03% of the total. stated on February 26, 2023 a video on Facebook: stated on February 15, 2023 a photo on Facebook: stated on January 29, 2023 a video on Facebook: stated on February 5, 2023 an Instagram post: stated on January 27, 2023 a video on Facebook: stated on January 22, 2023 an Instagram post: stated on January 16, 2023 a photo on Facebook: stated on January 12, 2023 a photo on Facebook: stated on November 6, 2022 an Instagram post: stated on October 26, 2022 a post on Instagram: stated on October 12, 2022 an Instagram post: stated on October 9, 2022 a Facebook post: stated on March 3, 2023 in a Conservative Political Action Conference speech: stated on February 19, 2023 in a Facebook post: stated on February 24, 2023 in an Instagram post: stated on March 2, 2023 in a speech at CPAC: stated on February 25, 2023 in a Facebook post: stated on February 22, 2023 in a Facebook post: stated on February 26, 2023 in an Instagram post: stated on February 27, 2023 in a Facebook post: All Rights Reserved Poynter Institute 2020, a 501(c)(3) nonprofit organization. Photo of electric charging station powered by diesel generator is emblematic of the electric vehicle movement. (here). The mainland Chinese company Sino-Michigan Properties LLC has paid $1.9 million for 200 acres of undeveloped land in Milan, Michigan. In the Reddit AMA, he also said he'll sell what he owns as money goes towards the foundation. These states include: Arizona - 25,750 acres; Arkansas - 47,927 acres . The land was purchased from the owners of Campbell Farms, a potato farming group headquartered in Grafton, North Dakota, approximately 50 miles from the Canadian border. 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. Gates does not own the majority of U.S. farmland. 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. The. Gates' interest in farmland is still strong. 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. 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). 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. 41 on The Land Report's 2022 list of Americans who own the most land. Heres why.," Jan. 10, 2023. The . Interestingly enough, though the Bill and Melinda Gates Foundation is working on this agriculture initiative. as well as other partner offers and accept our. The billionaire is one of the founders of the Giving Pledge, which asks the world's wealthiest people to give away most of their fortunes to charitable causes. Who owns the most property in Detroit Michigan? We invest in the farms to raise productivity. 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. Farmland, Biden Hears Oval Office Plea for Alaska Oil Project in Lobbying Frenzy, Apple tops ranking of global companies with the most 'green' revenue, UPDATE 2-North Korea says UN should demand end to S.Korea-US military drills, US Treasury puts cost of outbound investment risk program at $10 million, US Jobs Report and Powell Testimony Take Center Stage: Eco Week. "Our office needs to confirm how your company uses this land and whether this use meets any of the statutory exceptions," the letter said. But these companies do not own a majority of U.S. single-family homes. Wonderful Company cofounders Stewart and Lynda Resnick (net worth: $7.1 billion) ranked number three . The Consumer Price Index shows chicken prices, including fresh whole chicken and fresh or frozen chicken parts, have increased 11% over the last year. Our state produces about 75 percent of the nations tart cherry crop. Since its IPO in 1985, Microsoft has seen continual success. This is a sponsored promotion for the AcreTrader platform. What special interest does Bill Gates have in farmland? Hes also written about the need for more ways to produce meat without depleting environmental resources. Is this just a regular investment move, made on a large scale? At the turn of this century, Chinese owners owned about 192,000 acres of farmland in the U.S., according to the USDA. 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. Bill Gates investments in farmland can be seen as part of this trend. Document shows Rebekah Jones demonstrated a violation of Floridas Whistleblower Act. Bill Gates and his estranged wife Melinda Gates have accumulated more than 269,000 acres of farmland across 18 American states. 2021. As the Land Report notes, 24,800 acres of the land istransitional, located on the western edge of Phoenix, the tenth-largest metropolitan area in the country, and the mostpopulous city in Arizona. It reported that as of 2022, Gates owned about 248,000 acres of farmland. 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. The counties with the most total acres of foreign-owned ag land are Keweenaw, Baraga and Alger. 727-821-9494. stated on January 22, 2023 in an Instagram post: The U.S. chicken and egg shortage is linked to Bill Gates. One of the more colorful theories pertains to Gatess strange interest in U.S. agriculture, with rumors that the former Microsoft CEO owns upward of 80 percent of farmland in the United States. So, what's the interest in farmland? 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. A $13.5 million purchase of a North Dakota potato farm is drawing outrage and legal scrutiny. Drinking or using tap water treated with chlorine is dangerous because chlorine is a poison., Obama imposed stricter rules on trains carrying toxins. Bill Gates reportedly owns more farmland than anyone else in the United States. Bill Gates owns more private farmland in the US than anyone else, an analysis by The Land Report found. 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. However, Microsoft wasn't Bill Gates' only successful venture. Eggs have become expensive and scarce in some parts of the country. This article will go into detail about how much land Bill Gates owns and why he owns so much. One main benefit to alt assets especially for those whore heavily invested in the stock market is you can diversify your overall investment portfolio outside the NYSE/NASDAQ. Oftentimes, those fingers get pointed at Gates. 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. The U.S. Federal Government. 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. 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.. Michigan - 2,167 acres; Mississippi - 16,963 acres; Nebraska - 20,588 acres; New Mexico - 1 acre; North Carolina - 874 . In 1994, Bill Gates opened up his family office, Cascade Investment LLC, with trusted wealth manager Michael Larson. While this is certainly a lot of acreage, it represents less than 1% of all the farmland in the United States. Why Is Bill Gates Buying So Much Farmland? Over the last decade, Bill Gates has invested in multiple companies, including Beyond Meat and Impossible Foods, that develop plant-based meat alternatives. Will Bill Gatess green tech initiatives ever intersect with his growing agricultural empire? In this short period of time, there was a proliferation in funds that were specifically focused on farmland investing. Social media posts blame Gates investments in plant-based meat alternatives and his status as the nations largest private farmland owner for triggering the countrys current chicken and egg shortages. Another meme circulating online reads: Bill Gates is buying all the farmland. This isn't the first time Gates has called for higher taxes on the wealthy. Microsoft founder and billionaire turned philanthropist Bill Gates recently laid the long-time conspiracy theory that he owns some 80% of all U.S. farmland to rest in . He created the pledge in 2010 with his then-wife, Melinda French Gates, and his close friend and Berkshire Hathaway CEO, Warren Buffett. Today, Bill Gates owns 242,000 acres of farmland in 19 states. Tue, Feb 28, 2023 LOGIN . By 2019, the USDA says foreign ownership of U.S. acres exceeded 35.2 million acres, a 60 percent increase from the decade prior. China has steadily accumulated U.S. Treasury securities over the last few decades. The buyer, Red River Trust, is tied to Bill Gates, the largest farmland owner in the US. Bill Gates (AP Images) Bill Gates is buying up America's farmland. Momentum accelerated during the 2008-2009 Great Financial Crisis, when investors grew desperate for alternatives to traditional safe haven investments like bonds and gold. AcreTrader has carved out a niche for themselves that has led to rapid market dominance. Gates and his wife own 269,000 acres of farmland. In 2016, he wrote on his blog about the benefits of raising chickens, particularly for people living in poverty. Download free guide with advice for beginners. 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. 3. But there is no evidence these investments are linked to a nationwide shortage in chicken and egg products. Gates owns almost 9,000 acres in Ohio, just over 9,000 acres in Indiana, nearly 18,000 in Illinois, but only 552 acres in Iowa. AcreTrader is one of the most well-established farmland crowdfunding platforms out there. In 2018, Michigan produced 297 million bushels of corn grain, worth $1 billion. More than 58 million birds in hundreds of commercial and backyard flocks have been affected since the bird flu outbreak began in February 2022, the Agriculture Department estimated. While he owns a significant amount, it is a relatively small slice of the nation's nearly 900 million total farm acres. Gates and his investment team own more than 240,000 acres, as reported by OKeefe, including 2,167 acres in Michigan. 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. Some social media users are claiming recent national chicken and egg supply shortages are the culmination of a decadelong plot by Gates. . This is especially helpful if, say, the stock market crashed, and you had a more aggressive stock portfolio (or any large stake in stock at all). The Justice Department has been calling parents that are concerned about what their kids are being taught, they are labeling them terrorists., Sen. Marco Rubio signed a 2021 letter that supports waivers that would reduce visual track inspections.. Partnering with Monsanto to create these super seeds is also part of the plan. While much of this land was transferred to the new state of Hawaii in 1959, the federal government did keep some. In 2020, Gates made headlines for becoming the largest private farmland owner in the U.S. North Dakotans are outraged as Bill Gates, the largest private farmland owner in the US, apparently buys a $13.5 million potato farm Dominick Reuter Jun 24, 2022, 8:13 AM Leon Neal/Getty. Bill Gates Is the Biggest Private Owner 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. Today, Bill Gates owns 242,000 acres of farmland in 19 states. Gates does own a lot of farmland. A Grimmway Farms employee moves a water pipe at one of their carrot farms in the Antelope Valley. In April 2022, researchers warned about the potential risk of a global food shortage, spurred on in part by Russia's ongoing attacks on Ukraine. 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.". Prior to this in 1999, Bill sold off tons of Microsoft stock to diversify. Avian flu is highly infectious, can spread rapidly from flock to flock, and can often kill chickens. St. Petersburg, FL Amazon founder Jeff Bezos . Gates and his investment team own more than 240,000 acres, as reported by O'Keefe, including 2,167 acres in Michigan. 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.. That's a ginormous deal, one that pencils out to almost $12,000 per acre for a whole lot of acres. 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. 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. In addition to farmland, the Gates' portfolio includes numerous public investments, the Gates Foundation, a major stake in the Four Seasons Hotel, and much more. How long is it from Michigan to Detroit? 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. 1800 I Street NW The publication named Gates the countrys largest private farmland owner in 2020, 2021 and 2022. As reported by Bloomberg . Water bills are soaring in some areas as infrastructure deteriorates, a recent University of Michigan study found. How Long Can You Be Held Without Bond In Michigan? One such rumor claimed that there had been an unusual number of fires at food processing facilities in 2022. 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 . So while Dan Gilbert owns the most property downtown, his 30-odd buildings seem small compared to what Kelly, Tatarian, Moroun, and others own. NOW WATCH: Bill Gates has a net worth of over $96 billion here's how he makes and spends his money. 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. These rumors, like the present rumor about Gates buying up the majority of farmland in the United States for nefarious purposes, are all false. 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. They ripen in late July and early. Egg prices havent come down with inflation. The other major crops oats and forages are mostly fed to livestock on farms in the area. It's not part of his plans to save the planet. Business entities have, however, been increasing their presence as owners of rental properties. Digital IDs were given to residents in East Palestine, Ohio, to track long term health problems like difficulty breathing before the Feb. 3 train derailment. But the fact remains, as the Daily Mail notes, Gates computer "nerd" and . The Michigan State University shooter is a 21-year-old man named Lynn Dee Walker. District of Columbia 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. There isn't some grand scheme involved - in fact all these decisions are made by a professional investment team.". Officially, the general public doesnt know exactly what Bill Gates growing farmland estate is being used for. Why did he decide to buy in Amish Country? There were 895.3. "It is not connected to climate. Why Bill Gates Is Investing In Chicken-Less Eggs, Memphis Meats raised $161 million to grow meat from cells, Bill Gates and Richard Branson backed a food startup which grows meat in labs, How Beyond Meat became a $550 million brand, winning over meat-eaters with a vegan burger that bleeds', Bill Gates headlines an all-star list of investors pumping $75 million into meatless burgers, How Impossible Burgers simple vision won hundreds of millions in funding and backing from Bill Gates. 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. According to lovemoney.com, the church owns more than 70 million hectares. 1995 - 2023 by Snopes Media Group Inc. The Guardian, https://www.theguardian.com/commentisfree/2021/apr/05/bill-gates-climate-crisis-farmland. 20006, Florida . With all of this recent farmland accumulation, one might think Gates is using this land to research these gene edited super seeds. This position in Microsoft was quickly funneled by Cascade Investment into this long term growth strategy. 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. Bill Gates, and the Chinese, are not just buying up farm land for that purpose. 309. Think about how much Bill Gates would have lost if he hadn't diversified in 1999. An entity linked to billionaire Bill Gates has reportedly purchased 2,100 acres of potato farmland in northern North Dakota angering local residents. 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 Gates have been quietly acquiring farmland through their investment manager, Cascade Investment, for over 10 years. You can find his previous stuff at Gizmodo and Paste if you look hard enough. As per the Land report and NBC report, Gates has farmlands in Louisiana, Nebraska, Georgia and other areas. While Gates is still the top farmland owner in the U.S., not all of the property he owns is farmland. Data gathered by The Land Report and NBC News show that their land holdings range from 70,000 acres in north Louisiana, where their farmland grows soybeans, corn, cotton and rice, to 20,000 acres . a Reddit user asked. 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. 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. 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. 54. Gates appears to be pro-chicken farming. Top editors give you the stories you want delivered right to your inbox each weekday. The financial crisis later in that same decade prompted an explosion of investments into farmland when monetary safe havens became scarce. (here). Either that or I had a screw loose. Are you ready for alternative proteins made from a volcanic microbe? Perhaps history is repeating itself? "With more productive seeds we can avoid deforestation and help Africa deal with the climate difficulty they already face. The state bars corporations and limited liability companies from owning or even leasing farmlands or ranches and has other limits on trusts, yet the . (Read more about our partnership with Meta, which owns Facebook and Instagram.). 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. These posts were flagged as part of Instagrams efforts to combat false news and misinformation. Gates also owns land in Arizona (25,750 acres), Illinois (17,940),Mississippi (16,963),Washington (16,097), Florida (14,828), Idaho (9,233), Indiana (9,136), Ohio (8,915), California (4,509), Colorado (2,270), Michigan (2,167), Wisconsin (1,188), Wyoming (975), North Carolina (874), Iowa (552), and New Mexico (1). Bill Gates owns almost as much U.S. agricultural land as China at 248,000 acres, . Our Standards: The Thomson Reuters Trust Principles. See here for a complete list of exchanges and delays. Well, as with everything in life, there is always a trade-off especially in finance. - Farmland Riches where is bill gates' farmland in michigan. 801 3rd St. S The Agriculture Department estimates there are more than 895 million acres of farmland in the U.S., making Gates share 0.028%. 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. Who owns the most land in the world 2021? There are 94.6 million single-family houses in the United States, according to the latest data available from the U.S. Census Bureau American Housing Survey (2019) (bit.ly/3seI7kV). Who owns the most farmland in the world?