AcreTrader has carved out a niche for themselves that has led to rapid market dominance. In his Reddit AMA last year, one user said, "What do you plan to do with all the farmland you have purchased? Hes the largest landowner in the United States. 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. I had heard this in the past, but didn't give it much thought. 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. 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. Gates' interest in farmland is still strong. I have invested in these farms to make them more productive and create more jobs. 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. The Agriculture Department estimates there are more than 895 million acres of farmland in the U.S., making Gates share 0.028%. What Part Of Michigan Is Considered The Upper Peninsula? Every single Republican blocked Ketanji Brown Jacksons SCOTUS appointment.. Gates has been asked about his farmland purchases before. It isless than .1% of all US farmland because the ownership is so diverse. Bill Gates does not own the majority of U.S. farmland. We may earn commission if you buy from a link. 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.". Chicken nuggets and cream cheese grow in trays in a South Side lab. In his annual Reddit Ask Me Anything session on Wednesday, Gates was asked why he has made all of his farmland purchases. Costs are expected to fall in the coming weeks as egg-laying flocks are restored. Business entities have, however, been increasing their presence as owners of rental properties. Also, because youre investing in the land itself, your investment not only is quite resistant to depreciation, but also provides some solid tax benefits due to be land ownership. Chinas American agricultural land holdings have increased over tenfold in the last decade, and at the beginning of 2020, investments from China held $2 billion of American agricultural land. Today, Bill Gates owns 242,000 acres of farmland in 19 states. Farmland Riches, LLC and the owners may have investments in companies represented on the AcreTrader platform. Sign up for our newsletter for the latest tech news and scoops delivered daily to your inbox. 33701 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. Gates is not the only billionaire on The Land Report 's list of top private farmland owners. Bill Gates owns a ton of farmland in the United Statesas in, about 270,000 acres. From the beginning, Cascade Investments focused on blue chip defensive stocks, including Four Seasons, Berkshire Hathaway, Coca Cola, and more. 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. 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. 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. It is unclear how cheap biofuels can be but if they are cheap it can solve the aviation and truck emissions.". Why am I just learning about this NOW?. Climate Connection. These subsistence farmers can order equipment and seeds they need, paying what they can over a longer period of time. No one but Bill Gates knows that answer. It is reported that Bill Gates owns over 269,000 acres of farmland in over a dozen states, making him the largest farmland owner in America. Tue, Feb 28, 2023 LOGIN . Bill Gates was right when he sold his own Microsoft stock to diversify through Cascade in 1994. While he owns a significant amount, it is a relatively small slice of the nation's nearly 900 million total farm acres. Nebraska has the third-most Gates-owned farmland in the nation. 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). Heres why. The tech billionaire owns 69,071 acres in Louisiana, 47,927 acres in Arkansas, and 20,588 acres in Nebraska. The Bureau of Labor Statistics latest update shows egg prices rose 60% over the last year. Lucas Nolan is a reporter for Breitbart News covering issues of free speech and online censorship. Momentum accelerated during the 2008-2009 Great Financial Crisis, when investors grew desperate for alternatives to traditional safe haven investments like bonds and gold. The Agriculture Department has said the avian flu outbreak in the U.S. is the main contributor to low inventory and high prices. He responded that it was a decision his investment group made. Since its IPO in 1985, Microsoft has seen continual success. Where Does Bill Gates Own Farmland in the US. 2021. Bill Gates: Americas Top Farmland Owner | The Land Report. Plum Creek, headquartered in Seattle, Washington, is the largest private landowner in Michigan after purchasing 650,000 acres in 2005. (Read more about our partnership with Meta, which owns Facebook and Instagram.). By clicking Sign up, you agree to receive marketing emails from Insider Access your favorite topics in a personalized feed while you're on the go. Some of the links on this site are affiliate links. Table of Contents show As of October 2021, the Asian nation owns $1.065 trillion, or about 3.68%, of the $28.9 trillion U.S. national debt, which is more than any other foreign country except Japan. Farmland in am. So while Dan Gilbert owns the most property downtown, his 30-odd buildings seem small compared to what Kelly, Tatarian, Moroun, and others own. Gates personal farmland portfolio is managed by Michael Larson and Cascade Investment. 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. as well as other partner offers and accept our. He owns 242,000 acres, which is equivalent to the area of Fannin County GA. Follow him on Twitter@LucasNolanor contact via secure email at the addresslucasnolan@protonmail.com, EconomyPoliticsTechBill GatesFarmersfarmlandNorth Dakota. His 242,000 acres of farmland stretch across 18 states from Washington to Florida,. 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. And many of the American farms Gates owns specialize in produce, such as onions, carrots and potatoes, NBC News reported in 2021. The Gates Foundation isnt the entity utilizing the land, but rather just Bills family office. 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. Who is the largest landowner in the world? 2022. Of those states, Gates owns the most land in Louisiana, where he is proprietor of more than 69,000 acres. "With more productive seeds we can avoid deforestation and help Africa deal with the climate difficulty they already face. Estes, Nick. In the wake of this uncertainty, unfounded rumors began to spread that attempted to lay the blame for any coming food shortages on nefarious forces. 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. The Gates Foundation has focused their efforts on alleviating the aftermaths of climate change since its founding. In 1994, Bill Gates opened up his family office, Cascade Investment LLC, with trusted wealth manager Michael Larson. 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. Why Is Bill Gates Buying So Much Farmland? Pregnancy tests include a hidden Plan B pill. Nancy Pelosi (purchased) 10,000 shares of Amgen, manufacturer of Nplate, a drug used to treat radiation sickness.. While the global climate change initiative is trying to reduce total emissions by the year 2050, the year 2030 is also important. 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. 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. This is a sponsored promotion for the AcreTrader platform. According to 2021 article from the Land Report, a magazine about land. Will Bill Gatess green tech initiatives ever intersect with his growing agricultural empire? Talk about big bets. 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. Hearst Magazine Media, Inc. All Rights Reserved. The U.S. Federal Government. 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%. Oversight," June 15, 2018, The Chicago Tribune, "Chicken nuggets and cream cheese grow in trays in a South Side lab. The figure is far below the total area of U.S. farmland. Washington, DC Recently, Bill Gates has purchased 300,000 acres of farmland, you would think that buying all of the farmland would be bigger news than Elon Musk buying all of Twitter (here). Valuations of equities (stocks) are at all time highs, similar to the dot-com bubble. At the turn of this century, Chinese owners owned about 192,000 acres of farmland in the U.S., according to the USDA. However, Microsoft wasn't Bill Gates' only successful venture. "Those people are upset, but there are others that are just livid about this.". All rights reserved. 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. These posts were flagged as part of Instagrams efforts to combat false news and misinformation. Though the Gates Foundation has spent so much time and resources on helping humanity more than any other private entity in history the sheer power their enterprise wields has drawn the attention and fear of many. He created the pledge in 2010 with his then-wife, Melinda French Gates, and his close friend and Berkshire Hathaway CEO, Warren Buffett. Who owns the most farm ground in the US? Prior to this in 1999, Bill sold off tons of Microsoft stock to diversify. What Asset Class Is Farmland Considered To Be? 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. Drinking or using tap water treated with chlorine is dangerous because chlorine is a poison., Obama imposed stricter rules on trains carrying toxins. The $13.5 million sale in November of roughly 2,100 acres in the northeast corner of the state was first sleuthed and reported by AgWeek's Mikkel Pates earlier this month. 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. FPI is internally managed and the company owns farms in 16 states, including Alabama, Arkansas, California, Colorado, Florida, Georgia, Illinois, Kansas, Louisiana, Michigan, Mississippi,. As we learned above, in most farmland investment situations, the farmland owner leases their land to tenant farmers, who usually live on and work the land. In January 2021, Bill Gates became the largest owner of farmland in the United States. Best Farmland Investing Platforms Non-Accredited, Best Canadian Farmland Investing Platforms. Weyerhaeuser purchase Plum Creek in 2015 for over $8 Billion! 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 . 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 . Does this investment say anything about the state of the. a Reddit user asked. Gates said during a Reddit AMA: My investment group chose to do this. Partnering with Monsanto to create these super seeds is also part of the plan. to not use their land, is working towards their real agenda. The Guardian, https://www.theguardian.com/commentisfree/2021/apr/05/bill-gates-climate-crisis-farmland. What is the most profitable crop in Michigan? This article was produced by the Reuters Fact Check team. as well as other partner offers and accept our. Bill left most of his professional work at Microsoft at this time to work with Melinda and the foundation. Is Gladstone Land Corp (LAND) A Good Investment? In a 2020 blog post, he wrote, "The rich should pay more than they currently do, and that includes Melinda and me.". Hes also written about the need for more ways to produce meat without depleting environmental resources. Across the nation, Gates' affiliates . In 2016, he wrote on his blog about the benefits of raising chickens, particularly for people living in poverty. Bill Gates investments in farmland can be seen as part of this trend. Perhaps Bill Gates is looking to test out his GMO seeds. Other factors are pandemic-related supply chain issues andholiday demand. Michigan Muslim Group Warns State That LGBTQ Bill Might Be Unconstitutional CAIR has objected to the Michigan Senate's passage of an expanded version of a state human-rights law protecting LGBTQ . How Many Hours Is It From Detroit To Michigan? Gates' 242,000 acres amounts to about 0.03% of the total. Why doesnt everyone just invest in farmland then? These states include: Arizona - 25,750 acres; Arkansas - 47,927 acres . That's a ginormous deal, one that pencils out to almost $12,000 per acre for a whole lot of acres. He has also been aproponent of chicken farming. Investors from the Netherlands own 33% of that land with Canadians owning 25%. A $13.5 million purchase of a North Dakota potato farm is drawing outrage and legal scrutiny. Social media post scrambles the facts on high egg prices," Jan. 13, 2023, Various searches on Google and Nexis, accessed Jan. 24, 2023, The Land Report, "Farmer Bill," Jan. 11, 2021, The Land Report, "Bill Gates is About to Change the Way America Farms," Winter 2020 magazine issue, The Land Report 100, Winter 2021 magazine issue, The Land Report 100, Winter 2022 magazine issue, Email exchange, Eric OKeefe, editor, The Land Report, Jan. 23, 2023, Email exchange, Gates Ventures, Jan. 24, 2023, GatesNotes, "Future of food," March 18, 2013, GatesNotes, "What the plow and lab-grown meat tell us about innovation," Feb. 27, 2019, GatesNotes, "Is there enough meat for everyone?," April 21, 2015, GatesNotes, "Why I would raise chickens," June 7, 2016, U.S. Bureau of Labor Statistics, "Consumer Price Index," Jan. 12, 2023, U.S. Department of Agriculture, "Avian influenza outbreaks reduced egg production, driving prices to record highs in 2022," Jan. 11, 2023, U.S. Department of Agriculture, "2022-2023 Confirmations of Highly Pathogenic Avian Influenza in Commercial and Backyard Flocks," Jan. 18, 2023, U.S. Department of Agriculture, "Avian Influenza," Jan. 18, 2023, U.S. Department of Agriculture, "Farms and Land in Farms, 2021 Summary," February 2022, Reddit, Bill Gates Ask Me Anything, March 19, 2021, Bill & Melinda Gates Foundation, "Agricultural Development," accessed Jan. 24, 2023, Associated Press, "Bill Gates owns a lot of American farmland, but not the majority," May 2, 2022, Vox, "The controversy over Bill Gates becoming the largest private farmland owner in the US," June 11, 2021, NBC News, "McDonald's french fries, carrots, onions: all of the foods that come from Bill Gates farmland," June 8, 2021, Reuters, "Fact Check-Bill Gates doesnt own most U.S. farmland; BlackRock doesnt own most houses," May 5, 2022, CNBC, "Bill Gates and Richard Branson are betting lab-grown meat might be the food of the future," March 23, 2018, CNBC, "Bill Gates bets on growing demand for sustainable foods," May 14, 2015, Bloomberg News, "Lab-Grown Meat Backed by Gates, Tyson Foods Faces U.S. Since 2020, Gates has held the title of the nations largest private farmland owner, per The Land Report. Bill Gates owns massive parcels of farmland. 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 . The 2,100 acre potato farm adds to his massive portfolio of farm investments. False. Social media post scrambles the facts on high egg prices, Bill Gates Invested In Artificial Eggs a Decade Before Egg Shortage, Bill Gates is About to Change the Way America Farms, What the plow and lab-grown meat tell us about innovation, Avian influenza outbreaks reduced egg production, driving prices to record highs in 2022, 2022-2023 Confirmations of Highly Pathogenic Avian Influenza in Commercial and Backyard Flocks, Bill Gates owns a lot of American farmland, but not the majority, The controversy over Bill Gates becoming the largest private farmland owner in the US, McDonald's french fries, carrots, onions: all of the foods that come from Bill Gates farmland, Fact Check-Bill Gates doesnt own most U.S. farmland; BlackRock doesnt own most houses, Bill Gates and Richard Branson are betting lab-grown meat might be the food of the future, Bill Gates bets on growing demand for sustainable foods, Lab-Grown Meat Backed by Gates, Tyson Foods Faces U.S. 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. RELATED: What Bill Gates has to do with livestock, lab-grown meat, RELATED: Eggflation? The mainland Chinese company Sino-Michigan Properties LLC has paid $1.9 million for 200 acres of undeveloped land in Milan, Michigan. He has been buying thousands of acres across America. KX News' Josh Meny sat down with Vogel who says the Attorney General's office is impeding her investigation into the purchase. An ingredient in some of Chick-fil-As dipping sauces can cause serious health problems. Gates has a big vision for all that land, but unfortunately it doesn't involve organic, biodynamic or regenerative farming methods, which are needed to heal ecosystems and produce truly sustainable, nourishing food for future generations "I've gotten a big earful on this from clear across the state, it's not even from that neighborhood," Doug Goehring, the state's agricultural commissioner, told a local NBC affiliate this week. Infected flocks are culled to prevent the flu from spreading. These allow investors to get stared with as little as $10,000. . 1 landowner in the U.S. is billionaire John Malone, the chairman of Liberty Media, who tops . Click here to view current offerings on AcreTrader! Gates, currently the sixth-richest person in the world, has a net worth of $111 billion, according to the Bloomberg Billionaires Index. Document shows Rebekah Jones demonstrated a violation of Floridas Whistleblower Act. Bill is now the biggest owner of farmland in 2022 a great hedge asset against rising inflation. Where farmland differs from other alt assets is that because its such a crucial human resource (food = humans), in less-than-desirable economic situations, farmland tends to appreciate even further in value, as opposed to losing value (I.E., during a dreaded stock market crash). But unlike those men, Gilbert has plans to redevelop his properties and not just sit on them. 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. for different crops that have been gene edited to be pest-proof, flood proof, disease proof, and climate change-resistant. How Long Can You Be Held Without Bond In Michigan? Bill Gates Uses Farmland as an Investment Outlet Buying up Potato, Carrot and Onion Farms. NBC News, https://www.nbcnews.com/tech/tech-news/mcdonald-s-french-fries-carrots-onions-all-foods-come-bill-n1270033. Access your favorite topics in a personalized feed while you're on the go. 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. Accessed 28 Apr. Top editors give you the stories you want delivered right to your inbox each weekday. Why? 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. Please let us know if you're having issues with commenting. Bill Gates However, the Gates Foundation has been largely transparent at every level of their operations from their objectives, means, successes, and failures. As of 2020, industry reports show he owned about 0.027% of U.S. farmland. The buyer, Red River Trust, is tied to Bill Gates, the largest farmland owner in the US. 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. Age Requirements Most ordinances require, Huckleberries are small bright blue, or dark blue, or black berries which grow wild near marshes in Michigan. North Dakota officials have questions and residents are furious about a major land grab by a trust linked to billionaire and anti-meat zealot Bill Gates, the nation's biggest owner of farmland. 22. "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. Oct 22, 2014. 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). It reported that as of 2022, Gates owned about 248,000 acres of farmland. Amazon founder Jeff Bezos . 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. Or, have more control over the resources we all use and need. Pates wrote that while "nobody involved in the deal seems eager to talk about it," public records connected Gates and the buyer, Red River Trust. 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. News reports from the last several years suggest that Gates has at different times invested in start-ups focused on developing artificial or plant-based alternatives to meat, such as Natures Fynd, Hampton Creek, Memphis Meats, Beyond Meat and Impossible Foods. As more investors look to buy land, those who got in earlier are poised to benefit from the appreciation of the land value. FILE - Bill Gates attends a discussion during the 'Munich Security Conference' in Munich, Germany, Friday, Feb. 18, 2022. With all of this recent farmland accumulation, one might think Gates is using this land to research these gene edited super seeds. 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. Who knows. Essentially, by year 2030, the estimated results of what carbon emissions (and their effect on the environment) will look like in 2050 will be decided in full. Cascade Investment began purchasing farmland in significant strides in 2013. While private companies and corporations are increasing . Photo of electric charging station powered by diesel generator is emblematic of the electric vehicle movement. 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.