As of 2020, industry reports show he owned about 0.027% of U.S. farmland. 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. Thetech billionaire owns69,071 acres inLouisiana,47,927 acres inArkansas, and 20,588 acres inNebraska. 28. Since 2020, Gates has held the title of the nations largest private farmland owner, per The Land Report. Where did Gates buy farmland? | Dependable Business entities have, however, been increasing their presence as owners of rental properties. Microsoft co-founder Bill Gates is America's top private farmland owner. Alongside his investments, Gates has also purchased farmland in at least 19 states, according to The Land Report. Investors from the Netherlands own 33% of that land with Canadians owning 25%. Bill Gates and his estranged wife Melinda Gates have accumulated more than 269,000 acres of farmland across 18 American states. 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. Recently, NBC News reported that Bill Gates along with his estranged wife Melinda Gates had acquired more than 269,000 acres of farm in the United States in the past 10 years. Similar to private equity firms destabilizing the housing market, millionaires and billionaires investing in farmland are also creating their own set of issues, as they are now pricing out young farmers looking to buy land. Why am I just learning about this NOW?. Bill Gates buys farmland in Amish Country. Now Chinese companies and businessmen are planning to make their home in the United 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. Here in Michigan, roughly 1.35 million acres of ag land is held by foreign investors and nearly 90% of this land is in forests. There isn't some grand scheme involved - in fact, all these decisions are made by a professional investment team.. Bill Gates is best-known for cofounding Microsoft, but he's also a major US landowner, having bought 275,000 acres of farmland. I have invested in these farms to make them more productive and create more jobs. 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). If youve been on the fence about getting into farmland, maybe now is the time to reconsider. 2022. Stay up to date with what you want to know. Either that or I had a screw loose. Why? In a world of wild talk and fake news, help us stand up for the facts. Talk about big bets. Bill Gates now the biggest owner of farmland in the US The Bureau of Labor Statistics latest update shows egg prices rose 60% over the last year. Gates is just using farmland to make Agri-Tech and financial investments. Best Farmland Investing Platforms Non-Accredited, Best Canadian Farmland Investing Platforms. 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 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. 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. The current chicken and egg shortages trace mainly to an avian flu outbreak in the U.S. that began in early 2022 and was exacerbated by holiday demand and supply chain problems, the Agriculture Department reported. Gates has farmlands in Louisiana, Nebraska, Georgia and other areas. Bill Gates explains why he buys so much farmland But unlike those men, Gilbert has plans to redevelop his properties and not just sit on them. A $13.5 million purchase of a North Dakota potato farm is drawing outrage and legal scrutiny. Nebraska has the third-most Gates-owned farmland in the nation. Of those states, Gates owns the most land in Louisiana, where he is proprietor of more than 69,000 acres. NOW WATCH: Bill Gates has a net worth of over $96 billion here's how he makes and spends his money. While Gates does not own the majority of U.S. farmland, he is the largest private farmland owner, according to The Land Report. (Read more about our partnership with Meta, which owns Facebook and Instagram.). 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 Age Requirements Most ordinances require, Huckleberries are small bright blue, or dark blue, or black berries which grow wild near marshes in Michigan. An archived version of the tweet can be found (archive.ph/8Tq36). The REAL reason Bill Gates is buying US land. Report: Bill Gates is largest owner of private farmland in U.S., with What Bill Gates has to do with livestock, lab-grown meat, Eggflation? Bill Gates' 242,000 Acres of Farmland Could Be Split in Divorce 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. Although nowhere near 80 percent of U.S. farmland, its still a little more than one-third of the state of Rhode Island, a surprising amount for one person and enough to make Gates the largest landowner in the U.S. Bill Gates tells Reddit why he's bought so much farmland - AFN Many people wonder why Bill Gates would make these moves with his investment portfolio. That's a ginormous deal, one that pencils out to almost $12,000 per acre for a whole lot of acres. Over time, Gates sold personal stock in Microsoft and reinvested it through Cascade Investment. The tide began to shift in the early 2000s, when institutional investors began to give farmland a closer look. While much of this land was transferred to the new state of Hawaii in 1959, the federal government did keep some. The figure cited by The Land Report was subsequently reported by major news outlets including Business Insider and Forbes (here), (here). 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. No, its the Roman Catholic Church. Top editors give you the stories you want delivered right to your inbox each weekday. Hes the largest landowner in the United States. It reported that as of 2022, Gates owned about 248,000 acres of farmland. According to 2021 article from the Land Report, a magazine about land. Bill Gates Asked Why He's Buying So Much US Farmland: Here's His - MSN 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. One main benefit to alt assets especially for those whore heavily invested in the stock market is, another scenario where more traditional assets like stocks and, Also, because youre investing in the land itself, your investment not only is quite resistant to depreciation, but also provides some, Theres a lot of little benefits that stack up when talking about farmland, but the biggest is likely the fact that, American farmland produces a lot of exports, exposing you to political risks, Its a little harder to break into farmland than other assets, though this is changing, In the same way you can invest into ETFs (Exchange Traded Funds) in the stock market, there exist similar products for farmland called, Bill and Melinda released their latest initiative, , While the global climate change initiative is trying to reduce total emissions by the year 2050, the year 2030 is also important. Gates' interest in farmland is still strong. RELATED: What Bill Gates has to do with livestock, lab-grown meat, RELATED: Eggflation? Bill Gates Finds Farmland To Be One Hot Commodity Bill Gates Finally Explains Why He's Buying So Much U.S. Farmland Tue, Feb 28, 2023 LOGIN . While this is certainly a lot of acreage, it represents less than 1% of all the farmland in the United States. Washington, DC Gates does not own the majority of U.S. farmland. Bill Gates Gates does not own anywhere close to the majority of America's farmland. (AP). Mr. Gates owns about 97,934 hectares, accounting for about 0.03% of . In a March 2021 "Ask Me Anything" session on Reddit, Gates was asked why he had purchased so much farmland. It has been very fulfilling for me and is my full time job," Gates continued. Table of Contents show Charlie Kirk EXPOSES Shocking, Highly Worrisome Reason Why Bill Gates F' off Gates! Darren lives in Portland, has a cat, and writes/edits about sci-fi and how our world works. Bill Gates Becomes the Largest Farmland Owner in the United - People Bill Gates Top Farmland Owner in US | Newsmax.com The Gates Foundation has focused their efforts on alleviating the aftermaths of climate change since its founding. 2022. Gates and his investment team own more than 240,000 acres, as reported by O'Keefe, including 2,167 acres in Michigan. Why Is Bill Gates Buying Farmland? You'll be Surprised Bill Gates and conspiracy theories go together like peanut butter and jelly. Some of the links on this site are affiliate links. 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 . But there is no evidence these investments are linked to a nationwide shortage in chicken and egg products. 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. The 2,100 acre potato farm adds to his massive portfolio of farm investments. 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. His 242,000 acres of farmland stretch across 18 states from Washington to Florida,. Who knows. Who owns the most property in Detroit Michigan? 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. 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). That purchase of Plum Creek makes Weyerhaeuser the largest private landowner in Michigan, as of now. 3. This is especially helpful if, say, the stock market crashed, and you had a more aggressive stock portfolio (or any large stake in stock at all). 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. Over time, Gates sold personal stock in Microsoft and. It was near-perfect timing too, as 2000 would quickly see the infamous tech crash of dot com stocks. 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. The Gates Foundation has seen steady success and growth since their launch, funding science, research, agriculture and education. Fact Check-Bill Gates doesn't own most U.S. farmland - Reuters 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. In this short period of time, there was a proliferation in funds that were specifically focused on farmland investing. 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 are the biggest absentee landowners in Illinois? Drinking or using tap water treated with chlorine is dangerous because chlorine is a poison., Obama imposed stricter rules on trains carrying toxins. 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. But the fact remains, as the Daily Mail notes, Gates computer "nerd" and . Officially, the general public doesnt know exactly what Bill Gates growing farmland estate is being used for. What special interest does Bill Gates have in farmland? In the Reddit AMA, he also said he'll sell what he owns as money goes towards the foundation. Bill Gates is America's biggest farmer, his 269000 acres farmland grows Although Gates owns these farms, he isnt changing their practices. Gates responded: "I own less than 1/4000 of the farmland in the US. How Much Land Does Bill Gates Own? | askBAMLand 1995 - 2023 by Snopes Media Group Inc. Is Gladstone Land Corp (LAND) A Good Investment? "Why are you buying up so much farmland, do you think this is a problem with billionaire wealth and how much you can disproportionally acquire?" Thus, in Gates mind, its extremely important to help empower these developing peoples before that year comes to fruition. By clicking Sign up, you agree to receive marketing emails from Insider Bill Gates gobbling up Florida farmland; investment arm recently paid $28M for 4,500-acre tract. What is the most profitable crop in Michigan? With more productive seeds we can avoid deforestation and help Africa deal with the climate difficulty they already face. Bill Gates, the billionaire founder of Microsoft, has been revealed as the biggest private owner of farmland in the US, after buying up 242,000 acres in 18-states. Who owns the most farmland in the world? 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.. 242,000 Acres: Bill Gates Now The Largest Owner Of Farmland In America. Hes also written about the need for more ways to produce meat without depleting environmental resources. Bill Gates currently owns over 268,000 acres of American farmland spread out over 19 states. Bill is now the biggest owner of farmland in 2022 a great hedge asset against rising inflation.
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