Some of the links on this site are affiliate links. Read more about our work to fact-check social media posts here . Bill and Melinda Gates also cracked the Land Report's Top 100 Landowners for the first time coming in at number 49. Gates owns less than 1% of the nations farmland. Who owns the most land in the world 2021? 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 . (here). Eggs have become expensive and scarce in some parts of the country. 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. If youve been on the fence about getting into farmland, maybe now is the time to reconsider. #1. An entity linked to billionaire Bill Gates has reportedly purchased 2,100 acres of potato farmland in northern North Dakota angering local residents. FPI is internally managed and the company owns farms in 16 states, including Alabama, Arkansas, California, Colorado, Florida, Georgia, Illinois, Kansas, Louisiana, Michigan, Mississippi,. Land Values: Here's a look at the top 10 absentee landowners in central Illinois, and where they own farmland. In January 2021, Bill Gates became the largest owner of farmland in the United States. Why Is Bill Gates Buying So Much Farmland? - Farmland Riches But there is no evidence these investments are linked to a nationwide shortage in chicken and egg products. How Long Can You Be Held Without Bond In Michigan? Bill Gates Buys Farmland in Amish Country - YouTube I have invested in these farms to make them more productive and create more jobs. Bill Gates owns a lot of American farmland, but not the majority This article Bill Gates Finally Explains Why He's Buying So Much U.S. Hearst Magazine Media, Inc. All Rights Reserved. Bill Gates reportedly owns more farmland than anyone else in the United States. The agriculture sector is important. 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. In 1994, Bill Gates opened up his family office, Cascade Investment LLC, with trusted wealth manager Michael Larson. 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. Photo of electric charging station powered by diesel generator is emblematic of the electric vehicle movement. I have written several articles on postings related to Big Tech, Social Media and Corporations. What special interest does Bill Gates have in farmland? 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 In his annual Reddit AMA Wednesday, Gates was asked why he has bought so much farmland. The Agriculture Department estimates there are more than 895 million acres of farmland in the U.S., making Gates share 0.028%. Why? The Guardian, 5 Apr. Gates private office, Gates Ventures, told PolitiFact this claim is false. Who knows. Bill Gates does not own the majority of U.S. farmland. There were 895.3. As of 2020, industry reports show he owned about 0.027% of U.S. farmland. Bill Gates currently owns over 268,000 acres of American farmland spread out over 19 states. Age Requirements Most ordinances require, Huckleberries are small bright blue, or dark blue, or black berries which grow wild near marshes in Michigan. Bill Gates Doesn't Own That Much Farmland | Aaron Smith 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. In 2020, Gates made headlines for becoming the largest private farmland owner in the U.S. Representatives for Gates did not immediately respond to messages from Insider requesting comment. 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. No, its the Roman Catholic Church. How much land does Russia own in the United States? Roman Catholic Church: 70 million hectares The largest landowner in the world is not a major oil magnate or a real estate investor. Suggests that since mostly Democrats vote early then that represents made-up ballots or dead people voting.. Wonderful Company cofounders Stewart and Lynda Resnick (net worth: $7.1 billion) ranked number three . 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. 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. Officially, the general public doesnt know exactly what Bill Gates growing farmland estate is being used for. One such rumor claimed that there had been an unusual number of fires at food processing facilities in 2022. 33701 420,000 acresBill and Melinda Gates prior to their divorce accumulated roughly 270,000 acres of farmland in less than a decade. - Farmland Riches where is bill gates' farmland in michigan. Gates also owns land in Arizona (25,750 acres), Illinois (17,940),Mississippi (16,963),Washington (16,097), Florida (14,828), Idaho (9,233), Indiana (9,136), Ohio (8,915), California (4,509), Colorado (2,270), Michigan (2,167), Wisconsin (1,188), Wyoming (975), North Carolina (874), Iowa (552), and New Mexico (1). Other noteworthy farmland investors include Ted Turner and Thomas Peterffy. Bill Gates Finally Explains Why He's Buying So Much U.S. Farmland Here's why the ultra-wealthy like Bill Gates and Thomas Peterffy are Gates and his investment team own more than 240,000 acres, as reported by OKeefe, including 2,167 acres in Michigan. He recently tried to explain why, and it was a little hard to follow. The figure is far below the total area of U.S. farmland. Since his divorce, it is unclear how the assets were split up between the couple. RELATED: What Bill Gates has to do with livestock, lab-grown meat, RELATED: Eggflation? His . Bill Gates owns massive parcels of farmland. 20006, Florida These posts were flagged as part of Instagrams efforts to combat false news and misinformation. Gates believes that subsistence farmers and impoverished peoples will be among the most affected by climate change. Bill Gates' 20,000 acres in Nebraska help make him the top farmland As the Land Report notes, 24,800 acres of the land is transitional, located on the western edge of Phoenix, the tenth-largest metropolitan area in the country, and the most populous city in Arizona. Today, Bill Gates owns 242,000 acres of farmland in 19 states. As per the Land report and NBC report, Gates has farmlands in Louisiana, Nebraska, Georgia and other areas. In 2020, there were 166 such funds globally, nearly a 9x increase from only 19 in 2005. 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. But the fact remains, as the Daily Mail notes, Gates computer "nerd" and vaccination enthusiast "has been revealed as the biggest private owner of farmland in the US, after buying up 242,000 acres in 18 states.". Louisiana is the top state. as well as other partner offers and accept our. Microsoft co-founder Bill Gates is America's top private farmland owner. Gates' achievement, according to the report, is that he's largest private owner of farmland in the US. Does this investment say anything about the state of the. 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. Gates does not own anywhere close to the majority of America's farmland. Gates' interest in farmland is still strong. How Much Land Does Bill Gates Own? | askBAMLand It isless than .1% of all US farmland because the ownership is so diverse. His idea, like many others, was to diversify his investments across different asset classes. In 2000, the new Gates foundation launched with Bill, Melinda, and Warren Buffet on the trustee board. Bill Gates owns more private farmland in the US than anyone else, an analysis by The Land Report found. Snopes and the Snopes.com logo are registered service marks of Snopes.com. Report: Bill Gates is largest owner of private farmland in U.S., with Distance from Michigan to Detroit The shortest route between Michigan and Detroit is, Michigan law is absolutely clear that an adult over the age of 21 shall not sell or furnish alcohol to a minor. This article will go into detail about how much land Bill Gates owns and why he owns so much. Either that or I had a screw loose. What is the most profitable crop in Michigan? 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. Why Bill Gates Is Investing Big Time In Farmland Across Washington And That makes him the largest landowner in the U.S. Stats show agriculture is a pretty good investment for billionaires. The transitional land he owns in Arizona is reportedly being built into a suburb. The 2,100 acre potato farm adds to his massive portfolio of farm investments. Oftentimes, those fingers get pointed at Gates. Is Farmland Partners (FPI) A Good Investment? 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 . That purchase of Plum Creek makes Weyerhaeuser the largest private landowner in Michigan, as of now. Bill Gates's Plan to Destroy Animal Agriculture | National Review Gates is not the only billionaire on The Land Report 's list of top private farmland owners. With more productive seeds we can avoid deforestation and help Africa deal with the climate difficulty they already face. Every single Republican blocked Ketanji Brown Jacksons SCOTUS appointment.. 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 Michigan. I have invested in these farms to make them more productive and create more jobs. Gates does own a lot of farmland. Farmland is what is known as an alternative asset an investment that can grow wealth outside of the stock market. While much of this land was transferred to the new state of Hawaii in 1959, the federal government did keep some. The tide began to shift in the early 2000s, when institutional investors began to give farmland a closer look. We need your help. Bill Gates-Tied $13M Farmland Purchase Angers North Dakotans February 27, 2023, 11:49 AM. Some social media users are claiming recent national chicken and egg supply shortages are the culmination of a decadelong plot by Gates. But these companies do not own a majority of U.S. single-family homes. Document shows Rebekah Jones demonstrated a violation of Floridas Whistleblower Act. From the beginning, Cascade Investments focused on blue chip defensive stocks, including Four Seasons, Berkshire Hathaway, Coca Cola, and more. The report states that Gates has 70,000 acres of land in North Louisiana where they grow soybeans, corn, cotton. Gates' interest in farmland is still strong. AcreTrader is one of the most well-established farmland crowdfunding platforms out there. 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 . The Justice Department has been calling parents that are concerned about what their kids are being taught, they are labeling them terrorists., Sen. Marco Rubio signed a 2021 letter that supports waivers that would reduce visual track inspections.. These states include: Arizona - 25,750 acres; Arkansas - 47,927 acres . Prior to this in 1999, Bill sold off tons of Microsoft stock to diversify. 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.. Bill Gates does not own the majority of U.S. farmland. Why Is Bill Gates Buying Farmland? How Much Does He Own? - Farmfolio The 2,100 acre potato farm adds to his massive portfolio of farm investments. Top editors give you the stories you want delivered right to your inbox each weekday. While private companies and corporations are increasing . Think about how much Bill Gates would have lost if he hadn't diversified in 1999. I had heard this in the past, but didn't give it much thought. Suggests virologists death is linked to COVID-19 vaccines. The Agriculture Department has said the avian flu outbreak in the U.S. is the main contributor to low inventory and high prices. What Happened: Gates answered dozens of questions over the course of a few hours during the AMA, including: 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?, He responded, I own less than 1/4000 of the farmland in the US. Farmland originally appeared on Benzinga.com. 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.. 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. Microsoft founder Bill Gates and his wife Melinda have amassed the largest portfolio of private farmland in the US, according to The Land Report. Official: Michigan State gunman had note threatening 2 New Jersey schools. North Dakota Agriculture Commissioner Doug Goehring spoke with KFYR, stating that the public reaction to the purchase has been negative. Bill Gates' farmland purchase raises red flags Egg prices havent come down with inflation. 242,000 Acres: Bill Gates Now The Largest Owner Of Farmland In America. It's hard to visualize just how much land 242,000 acres amounts to unless . 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. 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. Bill Gates is well-known for building Microsoft, but it's a lesser-known fact that he's also the biggest private landowner in the US. 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. Mr. Gates owns about 97,934 hectares, accounting for about 0.03% of . Bill Gates owns about 400 acres of farmland outside of Malmo, Nebraska, that he rents to a local farmer. 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. How Much U.S. Farmland Does China Really Own? More Than Bill GatesAnd Don't miss real-time alerts on your stocks - join Benzinga Pro for free! In fact, Gates is the owner of over 270,000 acres of farmland, which is worth over $700 million! How many farms Does Bill Gates Own? The agriculture sector is important," Gates wrote. With her 6.6 billion acres, Elizabeth II is far and away the worlds largest landowner, with the closest runner-up (King Abdullah) holding control over a mere 547 million, or about 12% of the lands owned by Her Majesty, The Queen. Read next:Bezos-Backed Startup Lets You Become A Landlord With $100. With over 242,000 acres of farmland, Bill Gates is America's biggest farmland owner, and his ownership may be connected to climate change and plant-based meat substitutes. Bill Gates Becomes the Largest Farmland Owner in the United - Yahoo! 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. 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.. Bill Gates Uses Farmland as Investment Vehicle, Owning 269,000 Acres of Land. NBC News, https://www.nbcnews.com/now/video/bill-gates-is-nation-s-largest-farmland-owner-114566213692. Bill Gates owns massive parcels of farmland. It's not part of his plans 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. That's a ginormous deal, one that pencils out to almost $12,000 per acre for a whole lot of acres. Many people wonder why Bill Gates would make these moves with his investment portfolio. Of those states, Gates owns the most land in Louisiana, where he is proprietor of more than 69,000 acres. 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. These subsistence farmers can order equipment and seeds they need, paying what they can over a longer period of time. 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. Why Bill Gates' Purchase of Farmland Concerns Conspiracy Theorists While private companies and corporations are increasing their ownership of U.S. homes, BlackRock, through its investments, does not own a majority of single-family homes. All rights reserved. Purchasing your own farm outright means that you are not diversified across many farms; just 1. They ripen in late July and early. In 2016, he wrote on his blog about the benefits of raising chickens, particularly for people living in poverty. 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. By clicking Sign up, you agree to receive marketing emails from Insider Real estate investors overall have also been increasingly targeting single-family homes. 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. As of 2020, industry reports show he owned about 0.027% of U.S. farmland. The buyer, Red River Trust, is tied to Bill Gates, the largest farmland owner in the US. Satellites are on balloons and not in space.. Amazing, if truebut its extremely not. 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. Who owns the most farm ground in the US? Infected flocks are culled to prevent the flu from spreading. The major cash crops are field beans, sugar beets, corn and wheat. 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 . Bill Gates-Linked Trust Probed For Buying Up Farmland In North Dakota In fact, he reportedly owns more farmland than any other individual in America. The Land Report found in 2021 that the Gateses had 242,000 acres of farmland, 1,234 acres of recreational land, and 25,750 acres of land in transition from farmland to residential and commercial use (think suburban development). District of Columbia We invest in the farms to raise productivity. 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. Gear-obsessed editors choose every product we review. Fact Check-Bill Gates doesn't own most U.S. farmland - Reuters These allow investors to get stared with as little as $10,000. With all of this recent farmland accumulation, one might think Gates is using this land to research these gene edited super seeds. 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. Our office needs to confirm how your company uses this land and whether this use meets any of the statutory exceptions, such as the business purpose exception, so that we may close this case and file it in our inactive files, the letter added. Bill Gates is Americas biggest farmer, his 269000 acres farmland grows potatoes and carrots. Bill Gates Asked Why He's Buying So Much US Farmland: Here's His - MSN But these land holdings account for only a tiny share of the countrys total farmland. Returns from farmland have actually outpaced the stock market in recent years with significantly less volatility. Bill Gates reveals reasons behind massive farmland purchases The Bill & Melinda Gates Foundation is focused partly on agricultural development to support farmers in sub-Saharan Africa and South Asia. Thetech billionaire owns69,071 acres inLouisiana,47,927 acres inArkansas, and 20,588 acres inNebraska. Bill Gates' North Dakota Land Purchase Sparks Questions Online - Newsweek Bill Gates owns a ton of farmland in the United Statesas in, about 270,000 acres. No one but Bill Gates knows that answer. He owns 242,000 acres, which is equivalent to the area of Fannin County GA. 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 . Gates-affiliated ownership covers vast swaths of farm and timberland, estimated to be 69,071 acres in all by niche land ownership publication The Land Report. "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. Why Is Bill Gates Buying So Much Farmland? Social media post scrambles the facts on high egg prices," Jan. 13, 2023, Various searches on Google and Nexis, accessed Jan. 24, 2023, The Land Report, "Farmer Bill," Jan. 11, 2021, The Land Report, "Bill Gates is About to Change the Way America Farms," Winter 2020 magazine issue, The Land Report 100, Winter 2021 magazine issue, The Land Report 100, Winter 2022 magazine issue, Email exchange, Eric OKeefe, editor, The Land Report, Jan. 23, 2023, Email exchange, Gates Ventures, Jan. 24, 2023, GatesNotes, "Future of food," March 18, 2013, GatesNotes, "What the plow and lab-grown meat tell us about innovation," Feb. 27, 2019, GatesNotes, "Is there enough meat for everyone?," April 21, 2015, GatesNotes, "Why I would raise chickens," June 7, 2016, U.S. Bureau of Labor Statistics, "Consumer Price Index," Jan. 12, 2023, U.S. Department of Agriculture, "Avian influenza outbreaks reduced egg production, driving prices to record highs in 2022," Jan. 11, 2023, U.S. Department of Agriculture, "2022-2023 Confirmations of Highly Pathogenic Avian Influenza in Commercial and Backyard Flocks," Jan. 18, 2023, U.S. Department of Agriculture, "Avian Influenza," Jan. 18, 2023, U.S. Department of Agriculture, "Farms and Land in Farms, 2021 Summary," February 2022, Reddit, Bill Gates Ask Me Anything, March 19, 2021, Bill & Melinda Gates Foundation, "Agricultural Development," accessed Jan. 24, 2023, Associated Press, "Bill Gates owns a lot of American farmland, but not the majority," May 2, 2022, Vox, "The controversy over Bill Gates becoming the largest private farmland owner in the US," June 11, 2021, NBC News, "McDonald's french fries, carrots, onions: all of the foods that come from Bill Gates farmland," June 8, 2021, Reuters, "Fact Check-Bill Gates doesnt own most U.S. farmland; BlackRock doesnt own most houses," May 5, 2022, CNBC, "Bill Gates and Richard Branson are betting lab-grown meat might be the food of the future," March 23, 2018, CNBC, "Bill Gates bets on growing demand for sustainable foods," May 14, 2015, Bloomberg News, "Lab-Grown Meat Backed by Gates, Tyson Foods Faces U.S. Should we be worried about a tech giant like Bill Gates amassing this wild amount of land? An archived version of the tweet can be found (archive.ph/8Tq36). Read also:Which Billionaire Owns The Most Land In The U.S.? Bill Gates Farmland: Why Is the Billionaire Buying So Much? Bill Gates Finds Farmland To Be One Hot Commodity St. Petersburg, FL Agfundernews.com, a website about agricultural investments, reported in 2021 that Gates' investments were part of a broader trend that started after the financial crisis of 2008, as investors looked for reliable returns. At about $6,000 per acre, the potato farm cost roughly half of what Gates reportedly spent on highly coveted soil closer to his home in Washington. The Bureau of Labor Statistics latest update shows egg prices rose 60% over the last year. Bill Gates owns a lot of farmland. | Iowa Hawkeyes fan forums - Go Iowa
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