Partnering with Monsanto to create these super seeds is also part of the plan. 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. Here are a few likely reasons why Bill Gates is scooping up farmland: Whatever you may think about the man himself, 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. 309. In that same Reddit AMA from 2021, the one where Gates separated his land investments from his sustainability initiatives, he also mentioned the importance of productive seeds to avoid deforestation as well as the production of biofuels, which relies heavily on corn, in the very same answer. Some social media users are claiming recent national chicken and egg supply shortages are the culmination of a decadelong plot by Gates. What Land Does Bill Gates Own In Michigan? 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 1994, Bill Gates opened up his family office, Cascade Investment LLC, with trusted wealth manager Michael Larson. 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. 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. Please let us know if you're having issues with commenting. Bill Gates, and the Chinese, are not just buying up farm land for that purpose. 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. 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. The counties with the most total acres of foreign-owned ag land are Keweenaw, Baraga and Alger. as well as other partner offers and accept our. Gates' achievement, according to the report, is that he's largest private owner of farmland in the US. In a statement to Reuters, editor of The Land Report and author of the article published by the outlet on farmland owned by Gates, Eric O Keefe, called the claim absurd.. But there is no evidence these investments are linked to a nationwide shortage in chicken and egg products. 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. 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. How many farms Does Bill Gates Own? Bill Gates does not own the majority of U.S. farmland. Because of this crucial factor inherent to farmland, it also tends to provide better, consistent returns during times where inflation rises another scenario where more traditional assets like stocks and real estate suffer in. He has also been aproponent of chicken farming. Hearst Magazine Media, Inc. All Rights Reserved. According to lovemoney.com, the church owns more than 70 million hectares. While the global climate change initiative is trying to reduce total emissions by the year 2050, the year 2030 is also important. Hes the largest landowner in the United States. How Long Can You Be Held Without Bond In Michigan? These claims are not true. Toxic chemicals known as PFAS, or per- and, 2 hours, 2 minutes. BlackRock is a shareholder in both companies (here) (here). Who is the largest farmer in the United States? 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). 2022. District of Columbia A $13.5 million purchase of a North Dakota potato farm is drawing outrage and legal scrutiny. 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. February 27, 2023, 11:49 AM. Gates is No. 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. The transitional land he owns in Arizona is reportedly being built into a suburb. Michigan - 2,167 acres; Mississippi - 16,963 acres; Nebraska - 20,588 acres; New Mexico - 1 acre; North Carolina - 874 . Gates farmland now totals 242,000 acres. 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.. The agriculture sector is important. In fact, he reportedly owns more farmland than any other individual in America. Pregnancy tests include a hidden Plan B pill. The Gates Foundation has focused their efforts on alleviating the aftermaths of climate change since its founding. Nancy Pelosi (purchased) 10,000 shares of Amgen, manufacturer of Nplate, a drug used to treat radiation sickness.. Gates, currently the sixth-richest person in the world, has a net worth of $111 billion, according to the Bloomberg Billionaires Index. This informational is by no means a promotion, solicitation, or recommendation of any specific investment. It was a cold January day in 2021 when Eric O'Keefe, editor and founder of The Land Report, walked up to the podium at the Land Expo in Iowa and announced Bill Gates as America's largest individual farmland owner.He learned this after investigating Gates' purchase of the 100 . 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. Stay up to date with what you want to know. Amazing, if truebut its extremely not. Agriculture and the National Bureau of Agricultural Statistics, in the United States there are 362,315,055 hectares of farmland. By Rebecca . 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. Bill Gates currently owns over 268,000 acres of American farmland spread out over 19 states. 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. The transitional land he owns in Arizona is reportedly being built into a suburb .. 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. Gates has been asked about his farmland purchases before. These allow investors to get stared with as little as $10,000. The Agriculture Department estimates there are more than 895 million acres of farmland in the U.S., making Gates share 0.028%. Since his divorce, it is unclear how the assets were split up between the couple. Other factors are pandemic-related supply chain issues andholiday demand. With the Washington state acreage and other recent additions to his portfolio,. Gates does not own the majority of U.S. farmland. The. This material may not be reproduced without permission. That makes him the largest landowner in the U.S. Stats show agriculture is a pretty good investment for billionaires. It's not part of his plans to save the planet. According to 2021 article from the Land Report, a magazine about land ownership, Gates owns approximately 242,000 acres of farmland. 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. Farmland is what is known as an alternative asset an investment that can grow wealth outside of the stock market. 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. Should we be worried about a tech giant like Bill Gates amassing this wild amount of land? He said he did so to make the farms "more productive" and "create more jobs," adding that it was his investment team that made the decision. 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. Bill Gates speaks during the Global Fund's Seventh Replenishment Conference, Wednesday, Sept. 21, 2022, in New York. He created the pledge in 2010 with his then-wife, Melinda French Gates, and his close friend and Berkshire Hathaway CEO, Warren Buffett. 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. Recently, an article in Land Report stated that Bill Gates owns more American farmland than anyone else. And many of the American farms Gates owns specialize in produce, such as onions, carrots and potatoes, NBC News reported in 2021. The Bureau of Labor Statistics latest update shows egg prices rose 60% over the last year. 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. 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. Prior to this in 1999, Bill sold off tons of Microsoft stock to diversify. In the Reddit AMA, he also said he'll sell what he owns as money goes towards the foundation. Bill Gates Is the Biggest Private Owner of Farmland in the United States. Their low fees and competitive returns set them apart from many of the other platforms out there. During his 11th appearance in the "Ask Me Anything" . Stay up to date with what you want to know. The figure is far below the total area of U.S. farmland. To put it into perspective, if all of Gates land was in one place, it would cover about 25% of Rhode Island. Why Is Bill Gates Buying So Much Farmland? 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. 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. 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. Estes, Nick. Many people wonder why Bill Gates would make these moves with his investment portfolio. Suggests virologists death is linked to COVID-19 vaccines. 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. Amazon founder and chairman Jeff Bezos has amassed 420,000 acres in recent years. Real estate investors overall have also been increasingly targeting single-family homes. In a 2020 blog post, he wrote, "The rich should pay more than they currently do, and that includes Melinda and me.". According to Redfin, single-family housing represented over 70% of the properties purchased by investors in the third quarter of 2021 (here). 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. With more productive seeds we can avoid deforestation and help Africa deal with the climate difficulty they already face. Table of Contents show "With more productive seeds we can avoid deforestation and help Africa deal with the climate difficulty they already face. a Reddit user asked. But these companies do not own a majority of U.S. single-family homes. 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. Tue, Feb 28, 2023 LOGIN . Momentum accelerated during the 2008-2009 Great Financial Crisis, when investors grew desperate for alternatives to traditional safe haven investments like bonds and gold. Representatives for Gates did not immediately respond to messages from Insider requesting comment. Why? As the Land Report notes, 24,800 acres of the land istransitional, located on the western edge of Phoenix, the tenth-largest metropolitan area in the country, and the mostpopulous city in Arizona. Check out:How To Invest In Real Estate With $100. You're looking into Bill Gates' Red River Trust purchase of . While viral conspiracy theories baselessly conjecture that Gates is buying up farmland in order to starve Americans for some unknown reason, there's likely a simpler explanation: Gates makes money off this land. Farmland, Biden Hears Oval Office Plea for Alaska Oil Project in Lobbying Frenzy, Apple tops ranking of global companies with the most 'green' revenue, UPDATE 2-North Korea says UN should demand end to S.Korea-US military drills, US Treasury puts cost of outbound investment risk program at $10 million, US Jobs Report and Powell Testimony Take Center Stage: Eco Week. Every single Republican blocked Ketanji Brown Jacksons SCOTUS appointment.. More than 58 million birds in hundreds of commercial and backyard flocks have been affected since the bird flu outbreak began in February 2022, the Agriculture Department estimated. To better understand these questions, it's helpful to review Bill Gates' financial decision through the years, especially as it relates to Microsoft, Cascade Investments, and The Bill and Melinda Gates Foundation. The Gates have been quietly acquiring farmland through their investment manager, Cascade Investment, for over 10 years. Microsoft co-founder Bill Gates is America's top private farmland owner. Since 2020, Gates has held the title of the nations largest private farmland owner, per The Land Report. Our only agenda is to publish the truth so you can be an informed participant in democracy. An entity linked to billionaire Bill Gates has reportedly purchased 2,100 acres of potato farmland in northern North Dakota angering local residents. As of 2020, industry reports show he owned about 0.027% of U.S. farmland. Business entities have, however, been increasing their presence as owners of rental properties. It has been very fulfilling for me and is my full time job," Gates continued. 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. 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 . Heres why. As per the report, the Gates have their own land in at least 18 American states. Other examples can be seen (here), (here). In 1999, Cascade Investment made an interesting decision: Gates sold over 7 million personal Microsoft shares to further diversify his portfolio. He has been buying thousands of acres across America. 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). If youve been on the fence about getting into farmland, maybe now is the time to reconsider. 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. In his Reddit AMA last year, one user said, "What do you plan to do with all the farmland you have purchased? 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 tweet had gathered over 215,000 likes at the time of writing. It is unclear how cheap biofuels can be but if they are cheap it can solve the aviation and truck emissions.". Bill Gates and his estranged wife Melinda Gates have accumulated more than 269,000 acres of farmland across 18 American states.