That makes him the largest landowner in the U.S. Stats show agriculture is a pretty good investment for billionaires. This is a sponsored promotion for the AcreTrader platform. 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. Weyerhaeuser purchase Plum Creek in 2015 for over $8 Billion! Suggests that since mostly Democrats vote early then that represents made-up ballots or dead people voting.. The 2,100 acre potato farm adds to his massive portfolio of farm investments. Over time, Gates sold personal stock in Microsoft and. 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.. 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. He has also been aproponent of chicken farming. Costs are expected to fall in the coming weeks as egg-laying flocks are restored. Since it works as an investment for him, it also includes the benefits of using land as an . Thus, before we answer these questions, we are going to provide a brief summary of his financial history. The Bureau of Labor Statistics latest update shows egg prices rose 60% over the last year. 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. "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. There isn't some grand scheme involved - in fact, all these decisions are made by a professional investment team.. By clicking Sign up, you agree to receive marketing emails from Insider 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. Avian flu is highly infectious, can spread rapidly from flock to flock, and can often kill chickens. 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). 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. In their Big Bet, they recognize that the impoverished people stand to be impacted the most by these changes. What Part Of Michigan Is Considered The Upper Peninsula? He had accumulated more than 269,000 acres of farmland across 18 states in less than a decade. 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.. Gates is not the only billionaire on The Land Report 's list of top private farmland owners. What special interest does Bill Gates have in farmland? Michigan. In a 2020 blog post, he wrote, "The rich should pay more than they currently do, and that includes Melinda and me.". A $13.5 million purchase of a North Dakota potato farm is drawing outrage and legal scrutiny. Bill and Melinda Gates also cracked the Land Report's Top 100 Landowners for the first time coming in at number 49. 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. He created the pledge in 2010 with his then-wife, Melinda French Gates, and his close friend and Berkshire Hathaway CEO, Warren Buffett. The North Dakota purchase would put those total holdings at more than 270,000 acres, though it's not clear how the property is being divided following Gates and French Gates' divorce last year. 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). Bill Gates is Americas biggest farmer, his 269000 acres farmland grows potatoes and carrots. Bill Gates owns a ton of farmland in the United Statesas in, about 270,000 acres. The Michigan State University shooter is a 21-year-old man named Lynn Dee Walker. "Our office needs to confirm how your company uses this land and whether this use meets any of the statutory exceptions," the letter said. 3. Thus, in Gates mind, its extremely important to help empower these developing peoples before that year comes to fruition. NOW WATCH: Bill Gates has a net worth of over $96 billion here's how he makes and spends his money. Satellites are on balloons and not in space.. There were 895.3 million acres of farmland in America in 2021, according to a 2022 reportfrom the Department of Agriculture. 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. Purchasing your own farm outright means that you are not diversified across many farms; just 1. The Consumer Price Index shows chicken prices, including fresh whole chicken and fresh or frozen chicken parts, have increased 11% over the last year. Microsoft founder Bill Gates and his wife Melinda have amassed the largest portfolio of private farmland in the US, according to The Land Report. It is unclear how cheap biofuels can be but if they are cheap it can solve the aviation and truck emissions.". I have written several articles on postings related to Big Tech, Social Media and Corporations. Read also:Which Billionaire Owns The Most Land In The U.S.? What they are doing locking up land, not just private land, but in Wilderness Areas, National anything to do with land, Conservation programs that literally pay farmers, dairymen, etc. In January 2021, Bill Gates became the largest owner of farmland in the United States. Who owns the most land in the world 2021? State law prohibits corporations, LLCs, and trusts from farming or ranching activities. In 2018, Michigan produced 297 million bushels of corn grain, worth $1 billion. Gates owns less than 1% of the nations farmland. 2023 Benzinga.com. 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. Over the last decade, Bill Gates has invested in multiple companies, including Beyond Meat and Impossible Foods, that develop plant-based meat alternatives. Other examples can be seen (here), (here). You either had to directly buy the land, pony up millions to participate in a fund or purchase farmland via a REIT. Breitbart News reporter Alana Mastrangelo wrote: Gates is now Americas largest private farmland owner, with hundreds of thousands of acres spanning across 19 U.S. states, according tothe Land Report. 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 gobbling up Florida farmland; investment arm recently paid $28M for 4,500-acre tract. Farmland is what is known as an alternative asset an investment that can grow wealth outside of the stock market. All rights reserved. Bill Gates, and the Chinese, are not just buying up farm land for that purpose. The agriculture sector is important. Who owns the most farmland in the world? 28. Will Bill Gatess green tech initiatives ever intersect with his growing agricultural empire? Bill Gates investments in farmland can be seen as part of this trend. Since his divorce, it is unclear how the assets were split up between the couple. In fact, he reportedly owns more farmland than any other individual in America. This, combined with holiday demand and continued coronavirus pandemic-related supply-chain pressures, have affected the market. Gates is just using farmland to make Agri-Tech and financial investments. 20006, Florida While much of this land was transferred to the new state of Hawaii in 1959, the federal government did keep some. Another meme circulating online reads: Bill Gates is buying all the farmland. 2022. Bill Gates owns almost as much U.S. agricultural land as China at 248,000 acres, . That makes him the largest landowner in the U.S. Stats show agriculture is a pretty good investment for. In a world of wild talk and fake news, help us stand up for the facts. 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 . But the fact remains, as the Daily Mail notes, Gates computer "nerd" and . 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. The total portfolio of farmland is worth well over $700 million. Why Is Bill Gates Buying So Much Farmland? Every single Republican blocked Ketanji Brown Jacksons SCOTUS appointment.. Chicken nuggets and cream cheese grow in trays in a South Side lab. 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. While Gates is still the top farmland owner in the U.S., not all of the property he owns is farmland. I have invested in these farms to make them more productive and create more jobs. Bill Gates owns a minimum of 242,000 acres of U.S. farmland in Washington, Illinois, Iowa, Louisiana, California and multiple other states. The mogul's holdings include large tracts in Illinois, Iowa, Louisiana, California, and about a dozen other states. What is the most profitable crop in Michigan? 2021. Who is the largest farmer in the United States? Bill Gates was right when he sold his own Microsoft stock to diversify through Cascade in 1994. He's the new MacDonald: Bill Gates owns hundreds of thousands of acres across the United States including 242,000 acres of farmland making him the country's top agricultural landholder, according to Eric O'Keefe's The Land Report. 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 . 2022. However, Microsoft wasn't Bill Gates' only successful venture. In fact, he reportedly owns more farmland than any other individual in America. Click here to view current offerings on AcreTrader! This material may not be reproduced without permission. Real estate investors overall have also been increasingly targeting single-family homes. Gates does not own anywhere close to the majority of America's farmland. 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. Stay up to date with what you want to know. Although Gates owns these farms, he isnt changing their practices. Agriculture and the National Bureau of Agricultural Statistics, in the United States there are 362,315,055 hectares of farmland. 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. Accessed 28 Apr. It reported that as of 2022, Gates owned about 248,000 acres of farmland. In fact, Gates is the owner of over 270,000 acres of farmland, which is worth over $700 million! 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. Gates is No. How can this inform our personal investment decisions? Are you ready for alternative proteins made from a volcanic microbe?," March 24, 2020, NPR, "Why Bill Gates Is Investing In Chicken-Less Eggs," June 13, 2013, CNN, "Memphis Meats raised $161 million to grow meat from cells," Jan. 22, 2020, Insider, "Bill Gates and Richard Branson backed a food startup which grows meat in labs," Aug. 23, 2017, CNBC, "How Beyond Meat became a $550 million brand, winning over meat-eaters with a vegan burger that bleeds'," Jan. 21, 2019, Quartz, "Bill Gates headlines an all-star list of investors pumping $75 million into meatless burgers," Aug. 2, 2017, CNBC, "How Impossible Burgers simple vision won hundreds of millions in funding and backing from Bill Gates," March 7, 2019, The Washington Post, "Egg prices havent come down with inflation. BlackRock is a shareholder in both companies (here) (here). These states include: Arizona - 25,750 acres; Arkansas - 47,927 acres . (here) (here). Official: Michigan State gunman had note threatening 2 New Jersey schools. Conspiracy theorists claimed last year that the Microsoft founder was buying up farmland in the U.S. in order to starve Americans for an unknown reason, Snopes said, after researchers said in. Gates and his investment team own more than 240,000 acres, as reported by OKeefe, including 2,167 acres in Michigan. With more productive seeds we can avoid deforestation and help Africa deal with the climate difficulty they already face. The 2,100 acre potato farm adds to his massive portfolio of farm investments. Who is the largest landowner in the world? An archived version of the tweet can be found (archive.ph/8Tq36). Gates' interest in farmland is still strong. Gates personal farmland portfolio is managed by Michael Larson and Cascade Investment. It isless than .1% of all US farmland because the ownership is so diverse. 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. While many have also speculated that Gates' land purchases were in some way related to his efforts to curb climate change, Gates has said that the two are unrelated. These posts were flagged as part of Instagrams efforts to combat false news and misinformation. 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.. 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 . In 2020, Gates made headlines for becoming the largest private farmland owner in the U.S. From the beginning, Cascade Investments focused on blue chip defensive stocks, including Four Seasons, Berkshire Hathaway, Coca Cola, and more. Photo of electric charging station powered by diesel generator is emblematic of the electric vehicle movement. Gates responded: "I own less than 1/4000 of the farmland in the US. As more investors look to buy land, those who got in earlier are poised to benefit from the appreciation of the land value. Bill Gates owns about 400 acres of farmland outside of Malmo, Nebraska, that he rents to a local farmer. More surprising, however, was the fact that Bill and Melinda Gates own more private farmland . 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. 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. Using those figures, Gates would own about 0.027% of U.S. farmland. Bill Gates speaks during the Global Fund's Seventh Replenishment Conference, Wednesday, Sept. 21, 2022, in New York. At the turn of this century, Chinese owners owned about 192,000 acres of farmland in the U.S., according to the USDA. He responded that it was a decision his investment group made. 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. Interestingly enough, though the Bill and Melinda Gates Foundation is working on this agriculture initiative. Due climate change, dry seasons will be drier, and wet seasons will be more intense, and bring more flooding. Zu den grten Gates-Unternehmen zhlen etwa Betriebe mit 27.952 Hektar in Louisiana, 19.395 Hektar in Arkansas, 10.420 Hektar in Arizona, 8.331 Hektar in Nebraska und 6.514 Hektar im Bundesstaat. In April 2022, conspiracy theorists insinuated that billionaire Bill Gates was buying up "the majority" of American farmland as part of a diabolical plot to cause widespread food shortages. Document shows Rebekah Jones demonstrated a violation of Floridas Whistleblower Act. If youve been on the fence about getting into farmland, maybe now is the time to reconsider. Gates appears to be pro-chicken farming. That's a ginormous deal, one that pencils out to almost $12,000 per acre for a whole lot of acres. 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.. 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. 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. It was near-perfect timing too, as 2000 would quickly see the infamous tech crash of dot com stocks. Access your favorite topics in a personalized feed while you're on the go. District of Columbia Eggs have become expensive and scarce in some parts of the country. Donald Trump is back on Twitter, thanks to Elon Musk. Ive gotten a big earful on this from clear across the state, its not even from that neighborhood, said Goehring. Plum Creek, headquartered in Seattle, Washington, is the largest private landowner in Michigan after purchasing 650,000 acres in 2005. 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. 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. He also reportedly owns about 16,000. Accessed 28 Apr. It has been very fulfilling for me and is my full time job," Gates continued. Gear-obsessed editors choose every product we review. While private companies and corporations are increasing . He has been buying thousands of acres across America. Perhaps Bill Gates is looking to test out his GMO seeds. 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. "With more productive seeds we can avoid deforestation and help Africa deal with the climate difficulty they already face. Try the tool that will help you invest smarter, faster, and better. It's hard to visualize just how much land 242,000 acres amounts to unless . It is unclear how cheap biofuels can be but if they are cheap it can solve the aviation and truck emissions." Back in January, US magazine The Land Report revealed that Bill and Melinda Gates have amassed the largest portfolio of private farmland in the US, comprising an estimated 242,000 acres. 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. It reported that as of 2022, Gates owned about 248,000 acres of farmland. 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. 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. However, the Gates Foundation has been largely transparent at every level of their operations from their objectives, means, successes, and failures. Officially, the general public doesnt know exactly what Bill Gates growing farmland estate is being used for. The tweet had gathered over 215,000 likes at the time of writing. What does Weyerhaeuser have to do with Michigan? Cascade Investment began purchasing farmland in significant strides in 2013. Stay up to date with what you want to know. 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. Nebraska has the third-most Gates-owned farmland in the nation. 1800 I Street NW 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. Your membership is the foundation of our sustainability and resilience. 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.
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where is bill gates' farmland in michigan