While private companies and corporations are increasing . St. Petersburg, FL In Washington, the duo owns more than 14,000 acres of farmland that includes potato . However, Microsoft wasn't Bill Gates' only successful venture. How much land does Russia own in the United States? Mar 4, 2009. By Dec. 31, 2022, the Agriculture Department reported 43 million egg-laying hens had died because of the disease or depopulation. 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. 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). Some of the links on this site are affiliate links. Bill Gates (AP Images) Bill Gates is buying up America's farmland. Water bills are soaring in some areas as infrastructure deteriorates, a recent University of Michigan study found. The Gates have been quietly acquiring farmland through their investment manager, Cascade Investment, for over 10 years. Bill Gates Is Buying Up American Farmland. But Why? Bill Gates speaks during the Global Fund's Seventh Replenishment Conference, Wednesday, Sept. 21, 2022, in New York. The Agriculture Department has said the avian flu outbreak in the U.S. is the main contributor to low inventory and high prices. In a March 2021 "Ask Me Anything" session on Reddit, Gates was asked why he had purchased so much farmland. Microsoft founder Bill Gates and his wife Melinda have amassed the largest portfolio of private farmland in the US, according to The Land Report. 2022. Bill Gates is the biggest private owner of farmland in the United 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. 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: Americas Top Farmland Owner | The Land Report. These subsistence farmers can order equipment and seeds they need, paying what they can over a longer period of time. His 242,000 acres of farmland stretch across 18 states from Washington to Florida,. You either had to directly buy the land, pony up millions to participate in a fund or purchase farmland via a REIT. The Bill & Melinda Gates Foundation is focused partly on agricultural development to support farmers in sub-Saharan Africa and South Asia. Over time, Gates sold personal stock in Microsoft and reinvested it through Cascade Investment. The tide began to shift in the early 2000s, when institutional investors began to give farmland a closer look. The buyer, Red River Trust, is tied to Bill Gates, the largest farmland owner in the US. 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. #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. However, when you read between the lines with an objective and open mind, one can infer much. . There were 895.3 million acres of farmland in America in 2021, according to a 2022 reportfrom the Department of Agriculture. What is the most profitable crop in Michigan? In fact, Gates is the owner of over 270,000 acres of farmland, which is worth over $700 million! In 2020, there were 166 such funds globally, nearly a 9x increase from only 19 in 2005. According to a 2022 report from the U.S. Department of Agriculture and the National Agriculture Statistics Service, there are 895,300,000 acres of farmland in the U.S. Gates owns roughly 242,000 acres, about 0.03% of the total. NOW WATCH: Bill Gates has a net worth of over $96 billion here's how he makes and spends his money. And many of the American farms Gates owns specialize in produce, such as onions, carrots and potatoes, NBC News reported in 2021. This is a sponsored promotion for the AcreTrader platform. This position in Microsoft was quickly funneled by Cascade Investment into this long term growth strategy. 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. Farmland REITs have a high degree of correlation with the overall stock market, and returns tend to be lower than less liquid farmland investments. China has steadily accumulated U.S. Treasury securities over the last few decades. 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 . The cost of chicken has also gone up, although not as drastically. 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 . Toxic chemicals known as PFAS, or per- and, 2 hours, 2 minutes. "Our office needs to confirm how your company uses this land and whether this use meets any of the statutory exceptions," the letter said. Roman Catholic Church: 70 million hectares The largest landowner in the world is not a major oil magnate or a real estate investor. 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. We invest in the farms to raise productivity. Bill Gates explains why he buys so much farmland Land Values: Here's a look at the top 10 absentee landowners in central Illinois, and where they own farmland. With more productive seeds we can avoid deforestation and help Africa deal with the climate difficulty they already face. 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. Sign up for our newsletter for the latest tech news and scoops delivered daily to your inbox. 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. How Old Do I Have To Be To Go To A Strip Club In Michigan? 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. Other examples can be seen (here), (here). 309. Today, Bill Gates owns 242,000 acres of farmland in 19 states. FILE - Bill Gates attends a discussion during the 'Munich Security Conference' in Munich, Germany, Friday, Feb. 18, 2022. Download free guide with advice for beginners. PolitiFact | The Bill Gates egg shortage conspiracy isn't all it's You're looking into Bill Gates' Red River Trust purchase of . False. American Homes 4 Rent holds around 57,024 single-family properties (here). Why Farmers Are Worried About Bill Gates (And Other Non-Farming Land Thus, before we answer these questions, we are going to provide a brief summary of his financial history. Bill and Melinda Gates also cracked the Land Report's Top 100 Landowners for the first time coming in at number 49. 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. There were 895.3. Gates is No. These allow investors to get stared with as little as $10,000. As per the report, the Gates have their own land in at least 18 American states. He has also been aproponent of chicken farming. Gates' achievement, according to the report, is that he's largest private owner of farmland in the US. Well, as with everything in life, there is always a trade-off especially in finance. In fact, Gates is the owner of over. 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. Bill left most of his professional work at Microsoft at this time to work with Melinda and the foundation. 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.". So, what's the interest in farmland? He also reportedly owns about 16,000. Try the tool that will help you invest smarter, faster, and better. Bill Gates Top Farmland Owner in US | Newsmax.com Nancy Pelosi (purchased) 10,000 shares of Amgen, manufacturer of Nplate, a drug used to treat radiation sickness.. The Michigan State University shooter is a 21-year-old man named Lynn Dee Walker. Since its IPO in 1985, Microsoft has seen continual success. Bill Gates Is Buying Up American Farmland. But Why? Any why now after years of massive success? Invitation Homes, for example, has approximately 80,000 homes for lease across the country and is the largest landlord for single-family homes in the United States (here) (here). Thus, in Gates mind, its extremely important to help empower these developing peoples before that year comes to fruition. 2021. By Jenna Hoffman July 5, 2022. (here) (here). Gates does own a lot of farmland. The other major crops oats and forages are mostly fed to livestock on farms in the area. Bill Gates-Tied $13M Farmland Purchase Angers North Dakotans Estes, Nick. These states include: Arizona - 25,750 acres; Arkansas - 47,927 acres . 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. In 2018, Michigan produced 297 million bushels of corn grain, worth $1 billion. Across the nation, Gates' affiliates . The Bureau of Labor Statistics latest update shows egg prices rose 60% over the last year. Where Does Bill Gates Own Farmland in the US. Bill Gates is America's biggest farmer with 269000 acres farmland which 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. This is because of more intense seasons of drought and rain. Bill Gates Buys Farmland in Amish Country - YouTube State law prohibits corporations, LLCs, and trusts from farming or ranching activities. 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. Bill Gates uses farmland as an investment outlet buying up - NBC News Bill Gates investments in farmland can be seen as part of this trend. Gates does not own the majority of U.S. farmland. Who is the largest landowner in the world? But the fact remains, as the Daily Mail notes, Gates computer "nerd" and . Of those states, Gates owns the most land in Louisiana, where he is proprietor of more than 69,000 acres. Don't miss real-time alerts on your stocks - join Benzinga Pro for free! The . Who owns the most land in the world 2021? What Land Does Bill Gates Own In Michigan? 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. Starting in 2013, Gates began investing his billions (through the firm Cascade Investment) in agriculture because of its steady increase in value and low volatility. Where Does Bill Gates Own Land In Montana? - PartyShopMaine 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). RELATED: What Bill Gates has to do with livestock, lab-grown meat, RELATED: Eggflation? Louisiana is the top state. 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. Gates believes that subsistence farmers and impoverished peoples will be among the most affected by climate change. Our state produces about 75 percent of the nations tart cherry crop. Hearst Magazine Media, Inc. All Rights Reserved. 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. Agriculture and the National Bureau of Agricultural Statistics, in the United States there are 362,315,055 hectares of farmland. 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. Business entities have, however, been increasing their presence as owners of rental properties. Corn production is concentrated in the Lower Peninsula with Saginaw and Lenawee counties as Michigans largest producers. Bill Gates does not own the majority of U.S. farmland. The Gates Foundation isnt the entity utilizing the land, but rather just Bills family office. Farmland in am. 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.