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. Toxic chemicals known as PFAS, or per- and, 2 hours, 2 minutes. Gates and his investment team own more than 240,000 acres, as reported by OKeefe, including 2,167 acres in Michigan. Today, Bill Gates owns 242,000 acres of farmland in 19 states. This is because of more intense seasons of drought and rain. Farmland Riches, LLC and the owners may have investments in companies represented on the AcreTrader platform. These claims are not true. The counties with the most total acres of foreign-owned ag land are Keweenaw, Baraga and Alger. 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. Conspiracy Theorists claimed last year that the Microsoft founder was buying up farmland in the U.S. to starve Americans for some unknown reason, Snopes said, after researchers said in April that the world was facing a potential food shortage due to Russias invasion of Ukraine. 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. Every single Republican blocked Ketanji Brown Jacksons SCOTUS appointment.. Pregnancy tests include a hidden Plan B pill. Interestingly enough, though the Bill and Melinda Gates Foundation is working on this agriculture initiative. A 2018 purchase of 14,500 acres of prime eastern Washington farmland - which is. There were 895.3 million acres of farmland in America in 2021, according to a 2022 reportfrom the Department of Agriculture. 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. 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. 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. Those people are upset, but there are others that are just livid about this.. Bill Gates is best-known for cofounding Microsoft, but he's also a major US landowner, having bought 275,000 acres of 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. Youre not investing in a building that will decay over time, but the rich farmland itself. as well as other partner offers and accept our. 2021. Gates personal farmland portfolio is managed by Michael Larson and Cascade Investment. 1800 I Street NW 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. 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. Gates and his wife own 269,000 acres of farmland. The tweet had gathered over 215,000 likes at the time of writing. Plum Creek, headquartered in Seattle, Washington, is the largest private landowner in Michigan after purchasing 650,000 acres in 2005. 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.. Water bills are soaring in some areas as infrastructure deteriorates, a recent University of Michigan study found. #1. Reuters traced the figure cited by social media posts as the number of acres owned by Bill Gates to The Land Report, which reports on major land ownership in the United States. He has invested in multiple companies developing artificial or plant-based alternatives to meat, but he supports chicken farming and agricultural development. 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. Just over 70% of these were owned by individual investors. 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. Gear-obsessed editors choose every product we review. Heres why. 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. As more investors look to buy land, those who got in earlier are poised to benefit from the appreciation of the land value. But these land holdings account for only a tiny share of the countrys total farmland. According to a 2021 report from the United States Department of Agriculture and the National Agriculture Statistics Service, there are 895,300,000 acres of farmland in the United States. Who is the largest farmer in the United States? What is the most profitable crop in Michigan? 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. 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. By Dec. 31, 2022, the Agriculture Department reported 43 million egg-laying hens had died because of the disease or depopulation. So while Dan Gilbert owns the most property downtown, his 30-odd buildings seem small compared to what Kelly, Tatarian, Moroun, and others own. KX News' Josh Meny sat down with Vogel who says the Attorney General's office is impeding her investigation into the purchase. Gates' farmland purchases, which have mostly been made in the last five years, started in 2017 when he bought $520 million of farmland spread over five dozen properties from the Canada. Gates said during a Reddit AMA: My investment group chose to do this. 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. The Gates have been quietly acquiring farmland through their investment manager, Cascade Investment, for over 10 years. Conservatives are vowing to never drink Heineken again after it was recently revealed that billionaire Bill Gates acquired a minority stake in the popular brewing company. AcreTrader is one of the most well-established farmland crowdfunding platforms out there. Try the tool that will help you invest smarter, faster, and better. Stay up to date with what you want to know. It was a cold January day in 2021 when Eric O'Keefe, editor and founder of The Land Report, walked up to the podium at the Land Expo in Iowa and announced Bill Gates as America's largest individual farmland owner.He learned this after investigating Gates' purchase of the 100 . Why am I just learning about this NOW?. China has steadily accumulated U.S. Treasury securities over the last few decades. Partnering with Monsanto to create these super seeds is also part of the plan. Will Bill Gatess green tech initiatives ever intersect with his growing agricultural empire? That's a ginormous deal, one that pencils out to almost $12,000 per acre for a whole lot of acres. Gates farmland now totals 242,000 acres. As of 2020, industry reports show he owned about 0.027% of U.S. farmland. You can find his previous stuff at Gizmodo and Paste if you look hard enough. What Part Of Michigan Is Considered The Upper Peninsula? Hes the largest landowner in the United States. Over time, Gates sold personal stock in Microsoft and. Please let us know if you're having issues with commenting. He responded that it was a decision his investment group made. The publication named Gates the countrys largest private farmland owner in 2020, 2021 and 2022. How Long Can You Be Held Without Bond In Michigan? The U.S. Federal Government. Business entities have, however, been increasing their presence as owners of rental properties. Other factors are pandemic-related supply chain issues andholiday demand. In a Reddit Ask Me Anything (AMA) last week, Gates once again fielded a question pertaining to his AG holdings and stated that he actually only owns 1/4000 of all U.S. farmland, or about 270,000 acres spread across 18 different states. The report states that Gates has 70,000 acres of land in North Louisiana where they grow soybeans, corn, cotton. 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. Some of the links on this site are affiliate links. But the fact remains, as the Daily Mail notes, Gates computer "nerd" and . Although nowhere near 80 percent of U.S. farmland, its still a little more than one-third of the state of Rhode Island, a surprising amount for one person and enough to make Gates the largest landowner in the U.S. The biggest chunks of Gates' holdings are in Louisiana and Arkansas, where he owns 69,071 acres and 47,927 acres, respectively, the outlet's research found. 420,000 acresBill and Melinda Gates prior to their divorce accumulated roughly 270,000 acres of farmland in less than a decade. While Gates does not own the majority of U.S. farmland, he is the largest private farmland owner, according to The Land Report. Sign up for notifications from Insider! Sign up for our newsletter for the latest tech news and scoops delivered daily to your inbox. F' off Gates! 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.. An entity linked to billionaire Bill Gates has reportedly purchased 2,100 acres of potato farmland in northern North Dakota angering local residents. See here for a complete list of exchanges and delays. The Agriculture Department estimates there are more than 895 million acres of farmland in the U.S., making Gates share 0.028%. The total portfolio of farmland is worth well over $700 million. How old do you have to be to strip? The. They ripen in late July and early. Gates is not the only billionaire on The Land Report 's list of top private farmland owners. Farmland has some natural built-in drawbacks for all of the built-in benefits: Just 20 years ago, it was difficult to invest in farmland if you werent already independently wealthy. Don't miss real-time alerts on your stocks - join Benzinga Pro for free! 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. In the past 20 years, the foundation has grown to hold over $48 billion. If youve been on the fence about getting into farmland, maybe now is the time to reconsider. Gates' 242,000 acres amounts to about 0.03% of the total. 2,167 acres. Owning farmland is one of the most prudent financial investments to make now. As reported by Bloomberg . The Consumer Price Index shows chicken prices, including fresh whole chicken and fresh or frozen chicken parts, have increased 11% over the last year. Purchasing your own farm outright means that you are not diversified across many farms; just 1. 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. TheNew York Post reportsthat public records recently cited by AgWeek reveal that an entity called Red River Trust with links to billionaire Bill Gates recently purchased 2,100 acres of potato farmland in northern North Dakota, prompting state officials to intervene after complaints from local residents. How many farms Does Bill Gates Own? Check out:How To Invest In Real Estate With $100. "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?" This is a sponsored promotion for the AcreTrader platform. 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. Then, on Tuesday, the North Dakota attorney general's office sent a letter to the Red River Trust notifying a trustee, Peter Headley, of a Depression-era rule barring companies, LLCs, and trusts from farming and ranching activities in the state. Since 2020, Gates has held the title of the nations largest private farmland owner, per The Land Report. One such rumor claimed that there had been an unusual number of fires at food processing facilities in 2022. The Michigan State University shooter is a 21-year-old man named Lynn Dee Walker. He created the pledge in 2010 with his then-wife, Melinda French Gates, and his close friend and Berkshire Hathaway CEO, Warren Buffett. Download free guide with advice for beginners. His idea, like many others, was to diversify his investments across different asset classes. Donald Trump is back on Twitter, thanks to Elon Musk. What special interest does Bill Gates have in farmland? 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The 2,100 acre potato farm adds to his massive portfolio of farm investments. Read more about our work to fact-check social media posts here . Talk about big bets. 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.". Our only agenda is to publish the truth so you can be an informed participant in democracy. Momentum accelerated during the 2008-2009 Great Financial Crisis, when investors grew desperate for alternatives to traditional safe haven investments like bonds and gold. Some of the biggest critics of Gates have deemed his philanthropy as a budding technocracy a tyranny of experts that both centralizes power into a private corporations interests. (here). 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. 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. Drinking or using tap water treated with chlorine is dangerous because chlorine is a poison., Obama imposed stricter rules on trains carrying toxins. Mar 4, 2009. Real estate investors overall have also been increasingly targeting single-family homes. Alongside his investments, Gates has also purchased farmland in at least 19 states, according to The Land Report. 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. 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. In fact, he reportedly owns more farmland than any other individual in America. Breitbart News previously reported that Gates is Americas largest private owner of farmland. Gates has been asked about his farmland purchases before. 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. 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. The portion of land that isn't owned by farmers varies widely regionally; in some areas, almost 80 percent of agricultural land is held by non-operators. Are you ready for alternative proteins made from a volcanic microbe? 1 landowner in the U.S. is billionaire John Malone, the chairman of Liberty Media, who tops . Either that or I had a screw loose. Distance from Michigan to Detroit The shortest route between Michigan and Detroit is, Michigan law is absolutely clear that an adult over the age of 21 shall not sell or furnish alcohol to a minor. 2023 Benzinga.com. Washington, DC 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. Based on Bill Gates budding friendship with Warren Buffett, Cascade adopted much of Buffets approach to investing: invest in good companies, and hold long term to see healthy returns. In fact, he reportedly owns more farmland than any other individual in America. Or, have more control over the resources we all use and need. Best Farmland Investing Platforms Non-Accredited, Best Canadian Farmland Investing Platforms. 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. Tue, Feb 28, 2023 LOGIN . In 1994, Bill Gates opened up his family office, Cascade Investment LLC, with trusted wealth manager Michael Larson. The North Dakota attorney general's office recently inquired into a 2,100-acre farmland purchase by Red River Trust, an entity affiliated with Bill Gates. While private companies and corporations are increasing their ownership of U.S. homes, BlackRock, through its investments, does not own a majority of single-family homes. Gates and his investment team own more than 240,000 acres, as reported by O'Keefe, including 2,167 acres in Michigan. AcreTrader has carved out a niche for themselves that has led to rapid market dominance. 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. 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.. Across the nation, Gates' affiliates . Snopes and the Snopes.com logo are registered service marks of Snopes.com. Gates private office, Gates Ventures, told PolitiFact this claim is false. Bill Gates During times of uncertainty, people often look for someone to blame, and peddlers of misinformation are quick to tell others at whom they should be pointing their fingers. 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 figure is far below the total area of U.S. farmland. Some social media users are claiming recent national chicken and egg supply shortages are the culmination of a decadelong plot by Gates. Bill Gates owns a ton of farmland in the United Statesas in, about 270,000 acres. In a world of wild talk and fake news, help us stand up for the facts. Bill Gates and his estranged wife Melinda Gates have accumulated more than 269,000 acres of farmland across 18 American states. In his annual Reddit Ask Me Anything session on Wednesday, Gates was asked why he has made all of his farmland purchases. Bill Gates is Americas biggest farmer, his 269000 acres farmland grows potatoes and carrots. 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. 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). 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. 309. . It isless than .1% of all US farmland because the ownership is so diverse. 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. In his annual Reddit AMA Wednesday, Gates was asked why he has bought so much farmland. Agriculture and the National Bureau of Agricultural Statistics, in the United States there are 362,315,055 hectares of farmland. 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.. Who owns the most farm ground in the US? Louisiana is the top state. 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.. Oversight. 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 his 11th appearance in an Ask Me Anything (AMA) session on Reddit. Who owns the most land in the world 2021? These rumors, like the present rumor about Gates buying up the majority of farmland in the United States for nefarious purposes, are all false. It's not part of his plans to save the planet. 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 is buying up the majority of American farmland and BlackRock is buying the majority of single-family houses but I'm supposed to believe the biggest threat to us is Elon Musk buying Twitter? one Twitter user wrote (here). 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. The agriculture sector is important. Bill and Melinda Gates also cracked the Land Report's Top 100 Landowners for the first time coming in at number 49. 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. In January 2021, Bill Gates became the largest owner of farmland in the United States. The buyer, Red River Trust, is tied to Bill Gates, the largest farmland owner in the US. Hes also written about the need for more ways to produce meat without depleting environmental resources. 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. American Homes 4 Rent holds around 57,024 single-family properties (here). Farmland originally appeared on Benzinga.com. 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. 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. I have invested in these farms to make them more productive and create more jobs. What Land Does Bill Gates Own In Michigan? In 2020, there were 166 such funds globally, nearly a 9x increase from only 19 in 2005. Gates owns less than 1% of the nations farmland. While Gates is still the top farmland owner in the U.S., not all of the property he owns is farmland. 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. 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. 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. An archived version of the tweet can be found (archive.ph/8Tq36). Not all of these owners are American; in fact, the portion of farmland that is foreign-owned has grown about 60 percent in the last decade, from 22 million acres in 2009 to 35.2 million . 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. 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. The agriculture sector is important," Gates wrote. Check out current deals on AcreTrader now! Farmland in am. Another meme circulating online reads: Bill Gates is buying all the farmland. From the beginning, Cascade Investments focused on blue chip defensive stocks, including Four Seasons, Berkshire Hathaway, Coca Cola, and more.