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Satellites are on balloons and not in space.. Bill Gates owns more private farmland in the US than anyone else, an analysis by The Land Report found. Farmland is what is known as an alternative asset an investment that can grow wealth outside of the stock market. 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. - Farmland Riches where is bill gates' farmland in michigan. 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. In January 2021, Bill Gates became the largest owner of farmland in the United States. 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. 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. 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. Well, as with everything in life, there is always a trade-off especially in finance. How Many Hours Is It From Detroit To Michigan? While BlackRock does not directly own single-family houses, as the worlds largest asset manager (here), it owns stock in companies that do. Bill Gates owns massive parcels of farmland. As of 2020, industry reports show he owned about 0.027% of U.S. farmland. Over time, Gates sold personal stock in Microsoft and. Oct 22, 2014. 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. Read next:Bezos-Backed Startup Lets You Become A Landlord With $100. 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. 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 . What special interest does Bill Gates have in farmland? 20006, Florida The state is investigating the purchase of potato farmland by the Gates-linked trust, with the states Attorney General writing in a letter that it wasprohibited from owning or leasing farmland or ranchland in the state of North Dakota.. In this short period of time, there was a proliferation in funds that were specifically focused on farmland investing. 1 landowner in the U.S. is billionaire John Malone, the chairman of Liberty Media, who tops . It is unclear how cheap biofuels can be but if they are cheap it can solve the aviation and truck emissions. We need your help. This isn't the first time Gates has called for higher taxes on the wealthy. Think about how much Bill Gates would have lost if he hadn't diversified in 1999. The total portfolio of farmland is worth well over $700 million. False. 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. We may earn commission if you buy from a link. 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. Just over 70% of these were owned by individual investors. Stay up to date with what you want to know. 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. 2022. 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). 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). February 27, 2023, 11:49 AM. 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. Youre not investing in a building that will decay over time, but the rich farmland itself. 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. Farmland REITs have a high degree of correlation with the overall stock market, and returns tend to be lower than less liquid farmland investments. Our state produces about 75 percent of the nations tart cherry crop. Bill Gates owns a minimum of 242,000 acres of U.S. farmland in Washington, Illinois, Iowa, Louisiana, California and multiple other states. With more productive seeds we can avoid deforestation and help Africa deal with the climate difficulty they already face. Stay up to date with what you want to know. Snopes and the Snopes.com logo are registered service marks of Snopes.com. Wonderful Company cofounders Stewart and Lynda Resnick (net worth: $7.1 billion) ranked number three . 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. In addition, the law places certain limitations on the ability of trusts to own farmland or ranchland, the letter said. Recently, an article in Land Report stated that Bill Gates owns more American farmland than anyone else. Gear-obsessed editors choose every product we review. All rights reserved. Thetech billionaire owns69,071 acres inLouisiana,47,927 acres inArkansas, and 20,588 acres inNebraska. In January 2021, Bill Gates became the largest owner of farmland in the United States. He also reportedly owns about 16,000. His . The report states that Gates has 70,000 acres of land in North Louisiana where they grow soybeans, corn, cotton. While much of this land was transferred to the new state of Hawaii in 1959, the federal government did keep some. Bill Gates (AP Images) Bill Gates is buying up America's farmland. 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. 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. 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. 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. By clicking Sign up, you agree to receive marketing emails from Insider Thus, in Gates mind, its extremely important to help empower these developing peoples before that year comes to fruition. Water bills are soaring in some areas as infrastructure deteriorates, a recent University of Michigan study found. 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. 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. One of the most prevalent claims related to Gates and the potential for food shortages is that the billionaire owns a suspicious amount of farmland in the United States. 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. 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. The 2,100 acre potato farm adds to his massive portfolio of farm investments. Chicken nuggets and cream cheese grow in trays in a South Side lab. An entity linked to billionaire Bill Gates has reportedly purchased 2,100 acres of potato farmland in northern North Dakota angering local residents. Representatives for Gates did not immediately respond to messages from Insider requesting comment. Neither of these are a perfect option. The financial crisis later in that same decade prompted an explosion of investments into farmland when monetary safe havens became scarce. F' off Gates! (here). Gates started purchasing farmland circa 2013 through his investment group, Cascade Investments. 28. Today, Bill Gates owns 242,000 acres of farmland in 19 states. 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. Farmland as an investment offers low volatility. Gates and his investment team own more than 240,000 acres, as reported by O'Keefe, including 2,167 acres in Michigan. Bill Gates Is the Biggest Private Owner of Farmland in the United States. 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. The old saying about land is they aren't making any more of it. Supply and demand? Who owns the most land in the world 2021? The report states that Gates has 70,000 acres of land in North Louisiana where they grow soybeans, corn, cotton. Who knows. 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. 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. This is a sponsored promotion for the AcreTrader platform. The Agriculture Department has said the avian flu outbreak in the U.S. is the main contributor to low inventory and high prices. . Although Gates owns these farms, he isnt changing their practices. 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. Alongside his investments, Gates has also purchased farmland in at least 19 states, according to The Land Report. What is the most profitable crop in Michigan? Interestingly enough, though the Bill and Melinda Gates Foundation is working on this agriculture initiative. 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. Bill Gates 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. What does Weyerhaeuser have to do with Michigan? Toxic chemicals known as PFAS, or per- and, 2 hours, 2 minutes. In 1994, Bill Gates opened up his family office, Cascade Investment LLC, with trusted wealth manager Michael Larson. Since it works as an investment for him, it also includes the benefits of using land as an . 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. . Gates-affiliated ownership covers vast swaths of farm and timberland, estimated to be 69,071 acres in all by niche land ownership publication The Land Report. The report states that Gates has 70,000 acres of land in North Louisiana where they grow soybeans, corn . He created the pledge in 2010 with his then-wife, Melinda French Gates, and his close friend and Berkshire Hathaway CEO, Warren Buffett. Gates and his wife own 269,000 acres of farmland. During his 11th appearance in the "Ask Me Anything" . The state bars corporations and limited liability companies from owning or even leasing farmlands or ranches and has other limits on trusts, yet the . According to 2021 article from the Land Report, a magazine about land ownership, Gates owns approximately 242,000 acres of farmland. Document shows Rebekah Jones demonstrated a violation of Floridas Whistleblower Act. This position in Microsoft was quickly funneled by Cascade Investment into this long term growth strategy. It has been very fulfilling for me and is my full time job," Gates continued. 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. Either that or I had a screw loose. Bill Gates is best-known for cofounding Microsoft, but he's also a major US landowner, having bought 275,000 acres of 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. Nov 14, 2022. His 242,000 acres of farmland stretch across 18 states from Washington to Florida,. 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). The agriculture sector is important," Gates wrote. He has also written on his personal blog about the future of food, the increasing demand for meat as the global population rises and the environmental effects of livestock farming. In 2016, he wrote on his blog about the benefits of raising chickens, particularly for people living in poverty. Agriculture and the National Bureau of Agricultural Statistics, in the United States there are 362,315,055 hectares of farmland. But these companies do not own a majority of U.S. single-family homes. Accessed 28 Apr. 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. He has been buying thousands of acres across America. 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. Bill Gates and conspiracy theories go together like peanut butter and jelly. 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. In Washington, the duo owns more than 14,000 acres of farmland that includes potato . 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. 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. 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. to not use their land, is working towards their real agenda. The report states that Gates has 70,000 acres of land in North Louisiana where they grow soybeans, corn, cotton. Read more about our work to fact-check social media posts here . Why Bill Gates Is Investing Big Time In Farmland Across Washington And The Country - Northwest Public Broadcasting About Contact Us Coverage Area Our Staff Work With Us Report an Outage Station News Latest Station News Connect Archives Our Stories Download NWPB App TV Schedules Channel Guide Online Schedules Download Schedules Local Programs Nebraska has the third-most Gates-owned farmland in the nation. Why am I just learning about this NOW?. Of those states, Gates owns the most land in Louisiana, where he is proprietor of more than 69,000 acres. However, the Gates Foundation has been largely transparent at every level of their operations from their objectives, means, successes, and failures. 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).