Social media posts blame Gates investments in plant-based meat alternatives and his status as the nations largest private farmland owner for triggering the countrys current chicken and egg shortages. Bill Gates does not own the majority of U.S. farmland. By Rebecca . Of those states, Gates owns the most land in Louisiana, where he is proprietor of more than 69,000 acres. 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. Bill Gates Top Farmland Owner in US | Newsmax.com 1800 I Street NW 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. While the Gates' own a lot of farmland, nonfarmers own 283 million acres of farmland throughout the U.S. That purchase of Plum Creek makes Weyerhaeuser the largest private landowner in Michigan, as of now. 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. He was right when he predicted the COVID-19 epidemic in 2015. With all of this recent farmland accumulation, one might think Gates is using this land to research these gene edited super seeds. Over the last decade, Bill Gates has invested in multiple companies, including Beyond Meat and Impossible Foods, that develop plant-based meat alternatives. From the beginning, Cascade Investments focused on blue chip defensive stocks, including Four Seasons, Berkshire Hathaway, Coca Cola, and more. Will Bill Gatess green tech initiatives ever intersect with his growing agricultural empire? Bill Gates Asked Why He's Buying So Much US Farmland: Here's His - MSN The transitional land he owns in Arizona is reportedly being built into a suburb. It has been very fulfilling for me and is my full time job," Gates continued. 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. As of 2020, industry reports show he owned about 0.027% of U.S. farmland. Sign up for notifications from Insider! Over time, Gates sold personal stock in Microsoft and. Water bills are soaring in some areas as infrastructure deteriorates, a recent University of Michigan study found. His idea, like many others, was to diversify his investments across different asset classes. Weyerhaeuser purchase Plum Creek in 2015 for over $8 Billion! 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. 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. Gates started purchasing farmland circa 2013 through his investment group, Cascade Investments. Farmland originally appeared on Benzinga.com. Breitbart News reporter Alana Mastrangelo wrote: Gates is now America's largest private farmland owner, with hundreds of thousands of acres spanning across 19 U.S. states, according to the Land Report. Why? The Guardian, 5 Apr. Our state produces about 75 percent of the nations tart cherry crop. Bill Gates reportedly owns more farmland than anyone else in the United States. Eggs have become expensive and scarce in some parts of the country. 801 3rd St. S Bill Gates' farmland purchase raises red flags Well, as with everything in life, there is always a trade-off especially in finance. Billionaire Bill Gates reportedly shopped for 'hundreds of acres of farmland' in Turkey while vacationing aboard a superyacht that emits an estimated 19 tons of CO2 a day before heading to the . His 242,000 acres of farmland stretch across 18 states from Washington to Florida,. As unfounded rumors related to the cause of a yet-to-happen food crisis circulated online, many people started to point fingers at a favorite target of conspiracy theorists, former Microsoft CEO Bill Gates. North Dakota Investigates Farmland Purchases by Trust Linked to Bill Gates Gates farmland now totals 242,000 acres. Bill Gates Is Buying Up American Farmland. But Why? In addition, the law places certain limitations on the ability of trusts to own farmland or ranchland, the letter said. Microsoft founder Bill Gates and his wife Melinda have amassed the largest portfolio of private farmland in the US, according to The Land Report. The figure cited by The Land Report was subsequently reported by major news outlets including Business Insider and Forbes (here), (here). AcreTrader is one of the most well-established farmland crowdfunding platforms out there. Gates owns less than 1% of the nations farmland. These posts were flagged as part of Instagrams efforts to combat false news and misinformation. In 1999, Cascade Investment made an interesting decision: Gates sold over 7 million personal Microsoft shares to further diversify his portfolio. 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. (here). 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. These allow investors to get stared with as little as $10,000. 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. "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. And many of the American farms Gates owns specialize in produce, such as onions, carrots and potatoes, NBC News reported in 2021. Bill Gates: Americas Top Farmland Owner | The Land Report. 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. Bill Gates and his estranged wife Melinda Gates have accumulated more than 269,000 acres of farmland across 18 American states. 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. 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. 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. How much land does Russia own in the United States? He has also written on his personal blog about the future of food, the increasing demand for meat as the global population rises and the environmental effects of livestock farming. Although Gates owns these farms, he isnt changing their practices. To put it into perspective, if all of Gates land was in one place, it would cover about 25% of Rhode Island. It is not connected to climate. He responded that it was a decision his investment group made. A $13.5 million purchase of a North Dakota potato farm is drawing outrage and legal scrutiny. Business entities have, however, been increasing their presence as owners of rental properties. Bill Gates' 20,000 acres in Nebraska help make him the top farmland Gates does not own anywhere close to the majority of America's farmland. Valuations of equities (stocks) are at all time highs, similar to the dot-com bubble. Table of Contents show 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. 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. 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 . Why doesnt everyone just invest in farmland then? Who is the largest farmer in the United States? In a world of wild talk and fake news, help us stand up for the facts. The report states that Gates has 70,000 acres of land in North Louisiana where they grow soybeans, corn, cotton. 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. Nov 14, 2022. The timeline of events leading to the shortages, claim multiple Instagram posts, goes like this: "2013: Bill Gates invests (in) plant-based eggs, poultry, and meat", "2021: Bill Gates becomes the largest private farmland owner in the U.S.", "2021-2023: Mass chicken and egg shortages hit American farms", The Gateway Pundit, a conservative website, shared a similar claim. #1. Bill Gates owns more private farmland in the US than anyone else, an analysis by The Land Report found. Why Is Bill Gates Buying Farm Land? 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. 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. We invest in the farms to raise productivity. Gates personal farmland portfolio is managed by Michael Larson and Cascade Investment. The North Dakota attorney general's office recently inquired into a 2,100-acre farmland purchase by Red River Trust, an entity affiliated with Bill Gates. Many people wonder why Bill Gates would make these moves with his investment portfolio. Oct 22, 2014. A 2021 report published by the U.S. Department of Agriculture (USDA) said there were 895,300,000 acres of farmland in the United States. 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.. Is this just a regular investment move, made on a large scale? for different crops that have been gene edited to be pest-proof, flood proof, disease proof, and climate change-resistant. Bill Gates is Americas biggest farmer, his 269000 acres farmland grows potatoes and carrots. ", Gates responded at the time, "My investment team bought the farmland. Microsoft co-founder Bill Gates is America's top private farmland owner. 3. 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. This isn't the first time Gates has called for higher taxes on the wealthy. However, there are also countless farmland investing platforms gaining traction now too. The billionaire philanthropist Bill Gates, America's largest farmland owner, apparently bought a potato farm in North Dakota, and local residents aren't too happy about it. Heres why.," Jan. 10, 2023. State law prohibits corporations, LLCs, and trusts from farming or ranching activities. So while Dan Gilbert owns the most property downtown, his 30-odd buildings seem small compared to what Kelly, Tatarian, Moroun, and others own. Which Billionaire Owns The Most Land In The U.S.? Mr. Gates owns about 97,934 hectares, accounting for about 0.03% of . 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 responded: "I own less than 1/4000 of the farmland in the US. This informational is by no means a promotion, solicitation, or recommendation of any specific investment. The figure is far below the total area of U.S. farmland. 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 said during a Reddit AMA: My investment group chose to do this. Instead, he mostly acts like a landlord and allows professional farmers to keep doing their thingeven if those practices are ruinous to the environment. Northern Kansas land sale averages $3,500 per acre. Why Bill Gates is now the US' biggest farmland owner - New York Post Why Bill Gates Is Investing Big Time In Farmland Across Washington And The Country - Northwest Public Broadcasting About Contact Us Coverage Area Our Staff Work With Us Report an Outage Station News Latest Station News Connect Archives Our Stories Download NWPB App TV Schedules Channel Guide Online Schedules Download Schedules Local Programs Bill Gates currently owns over 268,000 acres of American farmland spread out over 19 states. 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. 33701 The counties with the most total acres of foreign-owned ag land are Keweenaw, Baraga and Alger. In a March 2021 "Ask Me Anything" session on Reddit, Gates was asked why he had purchased so much farmland. Are you ready for alternative proteins made from a volcanic microbe? In their 2018 annual letter, 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. 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. It was near-perfect timing too, as 2000 would quickly see the infamous tech crash of dot com stocks. But unlike those men, Gilbert has plans to redevelop his properties and not just sit on them. "Those people are upset, but there are others that are just livid about this.". What Land Does Bill Gates Own In Michigan? 2022. 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. 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 . Bill GatesWith almost 269,000 acres, Bill Gates retained his ranking as Americas largest private farmland owner. Claims online that billionaire Microsoft co-founder Bill Gates owns the majority of U.S. farmland and that BlackRock, the worlds largest asset manager, owns the majority of U.S. single-family houses are factually inaccurate, according to industry data and spokespeople for Gates and BlackRock. Gates and his wife own 269,000 acres of farmland. Bill Gates buys farmland in Amish Country. 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 fact, Gates is the owner of over 270,000 acres of farmland, which is worth over $700 million! Satellites are on balloons and not in space.. During his 11th appearance in the "Ask Me Anything" . 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. 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. Bill Gates Is Buying Up American Farmland. But Why? You either had to directly buy the land, pony up millions to participate in a fund or purchase farmland via a REIT. While private companies and corporations are increasing . The transitional land he owns in Arizona is reportedly being built into a suburb .. 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. This article will go into detail about how much land Bill Gates owns and why he owns so much.

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