Other examples can be seen (here), (here). An archived version of the tweet can be found (archive.ph/8Tq36). About 350,000 acres of the U.S. government land in Hawaii were kept for military installations and national parks. 2023 Benzinga.com. While the Gates' own a lot of farmland, nonfarmers own 283 million acres of farmland throughout the U.S. Where Does Bill Gates Own Farmland in the US. 11 Jan. 2021, https://landreport.com/2021/01/bill-gates-americas-top-farmland-owner/. How Long Can You Be Held Without Bond In Michigan? A Grimmway Farms employee moves a water pipe at one of their carrot farms in the Antelope Valley. The Guardian, https://www.theguardian.com/commentisfree/2021/apr/05/bill-gates-climate-crisis-farmland. 2022. This isn't the first time Gates has called for higher taxes on the wealthy. Real estate investors overall have also been increasingly targeting single-family homes. 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. Bill Gates currently owns over 268,000 acres of American farmland spread out over 19 states. All rights reserved. In January 2021, Bill Gates became the largest owner of farmland in the United 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. Social media post scrambles the facts on high egg prices, Gateway Pundit, "Bill Gates Invested In Artificial Eggs a Decade Before Egg Shortage," Jan. 24, 2023, PolitiFact, "What Bill Gates has to do with livestock, lab-grown meat," May 18, 2020, PolitiFact, "Eggflation? Purchasing your own farm outright means that you are not diversified across many farms; just 1. 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. Perhaps history is repeating itself? Plum Creek, headquartered in Seattle, Washington, is the largest private landowner in Michigan after purchasing 650,000 acres in 2005. Using those figures, Gates would own about 0.027% of U.S. farmland. 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. FILE - Bill Gates attends a discussion during the 'Munich Security Conference' in Munich, Germany, Friday, Feb. 18, 2022. 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. 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). 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. In January 2021, Bill Gates became the largest owner of farmland in the United States. Read also:Which Billionaire Owns The Most Land In The U.S.? 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 As reported by Bloomberg . His . In his annual Reddit Ask Me Anything session on Wednesday, Gates was asked why he has made all of his farmland purchases. Drinking or using tap water treated with chlorine is dangerous because chlorine is a poison., Obama imposed stricter rules on trains carrying toxins. . Check out:How To Invest In Real Estate With $100. With the Washington state acreage and other recent additions to his portfolio,. He owns significantly more farmland than Minnesota's Offutt family and California's Resnick family, which each own 190,000 acres and rank second equal on the list. It is unclear how cheap biofuels can be but if they are cheap it can solve the aviation and truck emissions. He has been buying thousands of acres across America. 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. Business entities have, however, been increasing their presence as owners of rental properties. 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). Over time, Gates sold personal stock in Microsoft and. AcreTrader is one of the most well-established farmland crowdfunding platforms out there. The state bars corporations and limited liability companies from owning or even leasing farmlands or ranches and has other limits on trusts, yet the . A 2018 purchase of 14,500 acres of prime eastern Washington farmland - which is. Some experts have pointed to Gatess well-known sustainability and green tech initiatives as a possible reason, but during an earlier Reddit AMA in 2021, Gates said, my investment group chose to do this. In a March 2021 "Ask Me Anything" session on Reddit, Gates was asked why he had purchased so much farmland. Infected flocks are culled to prevent the flu from spreading. Lower-than-usual egg inventories near the end of the year, when demand is up from holiday baking, resulted in several successive weeks of record-high egg prices, the department said. Supreme Court just voted to ban condoms., Says Ukrainian President Volodymyr Zelenskyy said he wants Americas sons and daughters to go die in Ukraine., In Ohio, there are 75,000 acres of farmland, fertile farmland, that are all now being poured down with acid rain., Muslims by the millions are converting to Christianity.. LIVE OAK, Fla. -- The investment company that manages the wealth of the world's richest man, Bill Gates, has been acquiring gobs of farmland in north Florida the past two years . 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. As per the report, the Gates have their own land in at least 18 American states. Sign up for our newsletter for the latest tech news and scoops delivered daily to your inbox. No, its the Roman Catholic Church. Estes, Nick. 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. He has also been aproponent of chicken farming. If youve been on the fence about getting into farmland, maybe now is the time to reconsider. Many people wonder why Bill Gates would make these moves with his investment portfolio. It isless than .1% of all US farmland because the ownership is so diverse. There were 895.3 million acres of farmland in America in 2021, according to a 2022 reportfrom the Department of Agriculture. Is Farmland Partners (FPI) A Good Investment? "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. What Bill Gates has to do with livestock, lab-grown meat, Eggflation? Gear-obsessed editors choose every product we review. It is not connected to climate. Official: Michigan State gunman had note threatening 2 New Jersey schools. Bill Gates buys farmland in Amish Country. 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. According to the Tri-City Herald, a 14,500-acre swath of choice eastern Washington farmland in the Horse Heaven Hills of Benton County had just traded hands for almost $171 million. Over time, Gates sold personal stock in Microsoft and reinvested it through Cascade Investment. 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. 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. 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. Why Bill Gates Is Investing In Chicken-Less Eggs, Memphis Meats raised $161 million to grow meat from cells, Bill Gates and Richard Branson backed a food startup which grows meat in labs, How Beyond Meat became a $550 million brand, winning over meat-eaters with a vegan burger that bleeds', Bill Gates headlines an all-star list of investors pumping $75 million into meatless burgers, How Impossible Burgers simple vision won hundreds of millions in funding and backing from Bill Gates. Does this investment say anything about the state of the. Benzinga does not provide investment advice. 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. Gates private office, Gates Ventures, told PolitiFact this claim is false. Bill GatesWith almost 269,000 acres, Bill Gates retained his ranking as Americas largest private farmland owner. According to Redfin, single-family housing represented over 70% of the properties purchased by investors in the third quarter of 2021 (here). a Reddit user asked. If Not for Climate, Then Why Is Bill Gates Buying so Much Farmland? AFN, 27 Aug. 2021, https://agfundernews.com/gates-if-not-for-climate-then-why-is-bill-buying-up-so-much-farmland. Bill Gates just bought almost 3,000 more acres of farmland in North Dakota, a purchase that was eventually cleared by the North Dakota Attorney General even though it raised numerous questions about his intentions and why he has been buying up over a hundred thousand acres of American farmland. What Part Of Michigan Is Considered The Upper Peninsula? 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. Cascade Investment began purchasing farmland in significant strides in 2013. 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. Photo of electric charging station powered by diesel generator is emblematic of the electric vehicle movement. 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. Heres why. 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. The report states that Gates has 70,000 acres of land in North Louisiana where they grow soybeans, corn, cotton. Our Standards: The Thomson Reuters Trust Principles. An ingredient in some of Chick-fil-As dipping sauces can cause serious health problems. Corn production is concentrated in the Lower Peninsula with Saginaw and Lenawee counties as Michigans largest producers. Investors from the Netherlands own 33% of that land with Canadians owning 25%.
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