As more investors look to buy land, those who got in earlier are poised to benefit from the appreciation of the land value. He had accumulated more than 269,000 acres of farmland across 18 states in less than a decade. Gates does own a lot of farmland. While BlackRock does not directly own single-family houses, as the worlds largest asset manager (here), it owns stock in companies that do. Access your favorite topics in a personalized feed while you're on the go. From the beginning, Cascade Investments focused on blue chip defensive stocks, including Four Seasons, Berkshire Hathaway, Coca Cola, and more. As unfounded rumors related to the cause of a yet-to-happen food crisis circulated online, many people started to point fingers at a favorite target of conspiracy theorists, former Microsoft CEO Bill Gates. While Gates does not own the majority of U.S. farmland, he is the largest private farmland owner, according to The Land Report. That's a ginormous deal, one that pencils out to almost $12,000 per acre for a whole lot of acres. Bill Gates, and the Chinese, are not just buying up farm land for that purpose. Gates and his wife own 269,000 acres of farmland. By divesting his personal wealth from his own thriving tech company, and diversifying into myriads of other non-tech based businesses, Merged from the William H. Gates Foundation and the Gates Learning Foundation, The Bill and Melinda Gates Foundation quickly became. Bill Gates Becomes the Largest Farmland Owner in the United - Yahoo! Gates' achievement, according to the report, is that he's largest private owner of farmland in the US. 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. 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. Why Bill Gates Keeps Buying Up So Much Farmland, 60 Scientists Are Trying to Block the Sun, Your Privacy Choices: Opt Out of Sale/Targeted Ads. Weyerhaeuser purchase Plum Creek in 2015 for over $8 Billion! 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. Gates and his investment team own more than 240,000 acres, as reported by O'Keefe, including 2,167 acres in Michigan. According to OKeefe, Gates isnt the only one making moves on the farmland market, especially as farm real estate values nationwide increased 7% from 2020 to $3,390 per acre. He owns 242,000 acres, which is equivalent to the area of Fannin County GA. 33701 Alongside his investments, Gates has also purchased farmland in at least 19 states, according to The Land Report. Instead, he mostly acts like a landlord and allows professional farmers to keep doing their thingeven if those practices are ruinous to the environment. 1995 - 2023 by Snopes Media Group Inc. Their low fees and competitive returns set them apart from many of the other platforms out there. How long is it from Michigan to Detroit? About 350,000 acres of the U.S. government land in Hawaii were kept for military installations and national parks. Thetech billionaire owns69,071 acres inLouisiana,47,927 acres inArkansas, and 20,588 acres inNebraska. Momentum accelerated during the 2008-2009 Great Financial Crisis, when investors grew desperate for alternatives to traditional safe haven investments like bonds and gold. 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. Bill Gates is the biggest private owner of farmland in the United Now Chinese companies and businessmen are planning to make their home in the United States. NOW WATCH: Bill Gates has a net worth of over $96 billion here's how he makes and spends his money. 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). 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. It was near-perfect timing too, as 2000 would quickly see the infamous tech crash of dot com stocks. Why Bill Gates' Purchase of Farmland Concerns Conspiracy Theorists 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.". 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. One such rumor claimed that there had been an unusual number of fires at food processing facilities in 2022. No one but Bill Gates knows that answer. These rumors, like the present rumor about Gates buying up the majority of farmland in the United States for nefarious purposes, are all false. Why Is Bill Gates Buying Farmland? You'll be Surprised Nov 14, 2022. Of those states, Gates owns the most land in Louisiana, where he is proprietor of more than 69,000 acres. In 1994, Bill Gates opened up his family office, Cascade Investment LLC, with trusted wealth manager Michael Larson. However, when you read between the lines with an objective and open mind, one can infer much. Just over 70% of these were owned by individual investors. The figure cited by The Land Report was subsequently reported by major news outlets including Business Insider and Forbes (here), (here). 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. 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. Click here to view current offerings on AcreTrader! Our only agenda is to publish the truth so you can be an informed participant in democracy. "With more productive seeds we can avoid deforestation and help Africa deal with the climate difficulty they already face. 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.. 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 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. Bill Gates' 242,000 Acres of Farmland Could Be Split in Divorce This isn't the first time Gates has called for higher taxes on the wealthy. Document shows Rebekah Jones demonstrated a violation of Floridas Whistleblower Act. Whose land is it anyway? Farmers, billionaires - Michigan Farm News (AP). 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.. Neither of these are a perfect option. This informational is by no means a promotion, solicitation, or recommendation of any specific investment. Prime soils and the moderating, Best Strip Clubs For 18 And Over in Detroit, Michigan. (here). Bill Gates was right when he sold his own Microsoft stock to diversify through Cascade in 1994. Thus, before we answer these questions, we are going to provide a brief summary of his financial history. To put that into perspective, if you put all of the land that Gates owns into one place (his holdings are spread throughout the country), you'd cover an area about a quarter the size of Rhode Island. 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). 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. Bill and Melinda Gates also cracked the Land Report's Top 100 Landowners for the first time coming in at number 49. It reported that as of 2022, Gates owned about 248,000 acres of farmland. Either that or I had a screw loose. Every single Republican blocked Ketanji Brown Jacksons SCOTUS appointment.. It's not part of his plans to save the planet. Bill Gates tells Reddit why he's bought so much farmland - AFN Gates farmland now totals 242,000 acres. Bill Gates owns a lot of American farmland, but not the majority Gear-obsessed editors choose every product we review. However, there are also countless farmland investing platforms gaining traction now too. Farm Gates - Ohio Ag Net | Ohio's Country Journal According to the Harvard Joint Center for Housing Studies (JCHS) (here), using data of the Rental Housing Finance Survey, between 2001 and 2018 the proportion of rental properties owned by non-individual investors, which include partnerships, trustees for estate, real estate corporations, real estate investment trusts, and other entities, increased from 18% to 26%. There isn't some grand scheme involved - in fact all these decisions are made by a professional investment team.". The Gates Foundation isnt the entity utilizing the land, but rather just Bills family office. 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. If youve been on the fence about getting into farmland, maybe now is the time to reconsider. In the past, Gates has invested in companies developing artificial or plant-based alternatives to meat, and he is currently the countrys largest private farmland owner, according to The Land Report, a magazine that surveys the countrys largest landowners annually. Who knows. 20006, Florida The . Interestingly enough, though the Bill and Melinda Gates Foundation is working on this agriculture initiative. "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. 309. But that's just a portion of the vast holdings Gates and his ex-wife, Melinda French Gates, own from sea to shining sea. In fact, in June of 2022 he secured an additional 2,100 acres of farmland in North Dakota for roughly $13.5 million. The Land Report found in 2021 that the Gateses had 242,000 acres of farmland, 1,234 acres of recreational land, and 25,750 acres of land in transition from farmland to residential and commercial use (think suburban development). Oversight. Who are the biggest absentee landowners in Illinois? Other factors are pandemic-related supply chain issues andholiday demand. Cascade Investment began purchasing farmland in significant strides in 2013. 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. Why Farmers Are Worried About Bill Gates (And Other Non-Farming Land Bill Gates Asked Why He's Buying So Much US Farmland: Here's His Answer Land Values: Here's a look at the top 10 absentee landowners in central Illinois, and where they own farmland. Your membership is the foundation of our sustainability and resilience. American Homes 4 Rent holds around 57,024 single-family properties (here). Follow him on Twitter@LucasNolanor contact via secure email at the addresslucasnolan@protonmail.com, EconomyPoliticsTechBill GatesFarmersfarmlandNorth Dakota. stated on February 13, 2023 in a Facebook post, Gates investments in plant-based meat and farmland. Sign up for notifications from Insider! 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 agriculture sector is important," Gates wrote. 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. Where Does Bill Gates Own Farmland in the US. Does Michigan Allow Personal Tax Exemptions? Does this investment say anything about the state of the. Not only was he no longer reliant on his own companys success for his own personal wealth, but he set himself up to make even bigger moves in the decades to come. Although Gates owns these farms, he isnt changing their practices. No one but Bill Gates knows that answer. That makes him the largest landowner in the U.S. Stats show agriculture is a pretty good investment for. With the Washington state acreage and other recent additions to his portfolio,. 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. 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. 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. 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.. 2 min read Microsoft founder and billionaire turned philanthropist Bill Gates recently laid to rest the long-time conspiracy theory that he owns some 80% of all. During his 11th appearance in the "Ask Me Anything" . He recently tried to explain why, and it was a little hard to follow. 2023 Benzinga.com. The state bars corporations and limited liability companies from owning or even leasing farmlands or ranches and has other limits on trusts, yet the . 420,000 acresBill and Melinda Gates prior to their divorce accumulated roughly 270,000 acres of farmland in less than a decade. Plum Creek, headquartered in Seattle, Washington, is the largest private landowner in Michigan after purchasing 650,000 acres in 2005. Bill Gates does not own the majority of U.S. farmland. 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. Why did he decide to buy in Amish Country? False. 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. What Returns Should You Expect From Farmland Investing? Egg prices havent come down with inflation. Where does Bill Gates own farmland in Illinois? - 2023 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. where is bill gates' farmland in michigan - ccecortland.org But there is no evidence these investments are linked to a nationwide shortage in chicken and egg products. In this short period of time, there was a proliferation in funds that were specifically focused on farmland investing. Over the last decade, Bill Gates has invested in multiple companies, including Beyond Meat and Impossible Foods, that develop plant-based meat alternatives. Pregnancy tests include a hidden Plan B pill. 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. 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. With all of this recent farmland accumulation, one might think Gates is using this land to research these gene edited super seeds. 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. One main benefit to alt assets especially for those whore heavily invested in the stock market is, another scenario where more traditional assets like stocks and, Also, because youre investing in the land itself, your investment not only is quite resistant to depreciation, but also provides some, Theres a lot of little benefits that stack up when talking about farmland, but the biggest is likely the fact that, American farmland produces a lot of exports, exposing you to political risks, Its a little harder to break into farmland than other assets, though this is changing, In the same way you can invest into ETFs (Exchange Traded Funds) in the stock market, there exist similar products for farmland called, Bill and Melinda released their latest initiative, , While the global climate change initiative is trying to reduce total emissions by the year 2050, the year 2030 is also important. All rights reserved. I have written several articles on postings related to Big Tech, Social Media and Corporations. (here). State law prohibits corporations, LLCs, and trusts from farming or ranching activities. 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. 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.. Water bills are soaring in some areas as infrastructure deteriorates, a recent University of Michigan study found. 2021. 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 . 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. as well as other partner offers and accept our. 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.

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