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.. Cascade Investment began purchasing farmland in significant strides in 2013. Bill Gates 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. 2,167 acres. What is the most profitable crop in Michigan? Perhaps history is repeating itself? 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. Gates is just using farmland to make Agri-Tech and financial investments. stated on February 13, 2023 in a Facebook post, Gates investments in plant-based meat and farmland. Perhaps Bill Gates is looking to test out his GMO seeds. Prime soils and the moderating, Best Strip Clubs For 18 And Over in Detroit, 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). But these companies do not own a majority of U.S. single-family homes. You can find his previous stuff at Gizmodo and Paste if you look hard enough. Bill Gates: Americas Top Farmland Owner | The Land Report. The 2,100 acre potato farm adds to his massive portfolio of farm investments. 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 his 11th appearance in an Ask Me Anything (AMA) session on Reddit. Amazon founder and chairman Jeff Bezos has amassed 420,000 acres in recent years. Hint, It's Not Bill Gates. Bill Gates owns a minimum of 242,000 acres of U.S. farmland in Washington, Illinois, Iowa, Louisiana, California and multiple other states. 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. I had heard this in the past, but didn't give it much thought. Best Farmland Investing Platforms Non-Accredited, Best Canadian Farmland Investing Platforms. 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. What Asset Class Is Farmland Considered To Be? Owning farmland is one of the most prudent financial investments to make now. 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. The major cash crops are field beans, sugar beets, corn and wheat. Invitation Homes, for example, has approximately 80,000 homes for lease across the country and is the largest landlord for single-family homes in the United States (here) (here). And many of the American farms Gates owns specialize in produce, such as onions, carrots and potatoes, NBC News reported in 2021. Now Chinese companies and businessmen are planning to make their home in the United States. Document shows Rebekah Jones demonstrated a violation of Floridas Whistleblower Act. Should we be worried about a tech giant like Bill Gates amassing this wild amount of land? Gates said during a Reddit AMA: My investment group chose to do this. Thus, in Gates mind, its extremely important to help empower these developing peoples before that year comes to fruition. 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. Merged from the William H. Gates Foundation and the Gates Learning Foundation, The Bill and Melinda Gates Foundation quickly became the largest private foundation in history. The mainland Chinese company Sino-Michigan Properties LLC has paid $1.9 million for 200 acres of undeveloped land in Milan, Michigan. 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. Who is the largest landowner in the world? Amazing, if truebut its extremely not. The Gates Foundation has focused their efforts on alleviating the aftermaths of climate change since its founding. 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. 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). Other noteworthy farmland investors include Ted Turner and Thomas Peterffy. These posts were flagged as part of Instagrams efforts to combat false news and misinformation. Conservatives are vowing to never drink Heineken again after it was recently revealed that billionaire Bill Gates acquired a minority stake in the popular brewing company. Since its IPO in 1985, Microsoft has seen continual success. While much of this land was transferred to the new state of Hawaii in 1959, the federal government did keep some. It is unclear how cheap biofuels can be but if they are cheap it can solve the aviation and truck emissions. It is not connected to climate. AcreTrader is one of the most well-established farmland crowdfunding platforms out there. Farmland REITs have a high degree of correlation with the overall stock market, and returns tend to be lower than less liquid farmland investments. That makes him the largest landowner in the U.S. Stats show agriculture is a pretty good investment for. 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. Gates does own a lot of farmland. The cost of chicken has also gone up, although not as drastically. 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. 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. Nov 14, 2022. Former Microsoft CEO Bill Gates owns a majority of America's farmland. He also reportedly owns about 16,000. The tweet had gathered over 215,000 likes at the time of writing. 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. Bill Gates (AP Images) Bill Gates is buying up America's farmland. Why am I just learning about this NOW?. 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.". "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. 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. 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. Gates is not the only billionaire on The Land Report 's list of top private farmland owners. District of Columbia 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. While Gates is still the top farmland owner in the U.S., not all of the property he owns is 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. 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. Across the nation, Gates' affiliates . No, its the Roman Catholic Church. 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 . 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. The transitional land he owns in Arizona is reportedly being built into a suburb. What Returns Should You Expect From Farmland Investing? As of October 2021, the Asian nation owns $1.065 trillion, or about 3.68%, of the $28.9 trillion U.S. national debt, which is more than any other foreign country except Japan. 1 landowner in the U.S. is billionaire John Malone, the chairman of Liberty Media, who tops . According to 2021 article from the Land Report, a magazine about land ownership, Gates owns approximately 242,000 acres of farmland. We need your help. 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). 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. Plum Creek, headquartered in Seattle, Washington, is the largest private landowner in Michigan after purchasing 650,000 acres in 2005. Essentially, by year 2030, the estimated results of what carbon emissions (and their effect on the environment) will look like in 2050 will be decided in full. He was right when he predicted the COVID-19 epidemic in 2015. So why does Bill Gates, and other billionaires like him, keep buying up so much farmland? His largest holding is in Louisiana (69,071 acres), followed by Arkansas (47,927 acres) and Arizona (25,750 acres). "It is not connected to climate. While Gates does not own the majority of U.S. farmland, he is the largest private farmland owner, according to The Land Report. 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. Gates private office, Gates Ventures, told PolitiFact this claim is false. .css-v1xtj3{display:block;font-family:FreightSansW01,Helvetica,Arial,Sans-serif;font-weight:100;margin-bottom:0;margin-top:0;-webkit-text-decoration:none;text-decoration:none;}@media (any-hover: hover){.css-v1xtj3:hover{color:link-hover;}}@media(max-width: 48rem){.css-v1xtj3{font-size:1.1387rem;line-height:1.2;margin-bottom:1rem;margin-top:0.625rem;}}@media(min-width: 40.625rem){.css-v1xtj3{line-height:1.2;}}@media(min-width: 48rem){.css-v1xtj3{font-size:1.18581rem;line-height:1.2;margin-bottom:0.5rem;margin-top:0rem;}}@media(min-width: 64rem){.css-v1xtj3{font-size:1.23488rem;line-height:1.2;margin-top:0.9375rem;}}60 Scientists Are Trying to Block the Sun, Particle Accelerator Reveals Beginning of Time, Earth's Inner Core Has Another Inner Core, 8 Questions About Turkey With an Earthquake Expert, Conspiracy: Blaming Weather Weapons for Earthquake, Scientists Just Discovered a Literal Hell, How the NFL Grew the Field for Super Bowl LVII, The Doomsday Clock Is at 90 Seconds to Midnight, Uh, Earth's Inner Core Just Stopped Spinning, Supercomputer: 27% of Earth's Life Dead by 2100, 20 Weird Facts About Our Lovable Planet Earth. Benzinga does not provide investment advice. By Jenna Hoffman July 5, 2022. Please let us know if you're having issues with commenting. 1800 I Street NW Donald Trump is back on Twitter, thanks to Elon Musk. Bill Gates Is the Biggest Private Owner of Farmland in the United States. 2022. Photo of electric charging station powered by diesel generator is emblematic of the electric vehicle movement. In fact, he reportedly owns more farmland than any other individual in America. I have invested in these farms to make them more productive and create more jobs. 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. Eggs have become expensive and scarce in some parts of the country. It reported that as of 2022, Gates owned about 248,000 acres of farmland. According to Mother Jones, the average price of farmland increased six times from 1940 to 2015, and the trend is likely to continue as the amount of arable land in the U.S. continues to shrink from climate-related pressures. 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. In addition, the law places certain limitations on the ability of trusts to own farmland or ranchland, the letter said. AcreTrader has carved out a niche for themselves that has led to rapid market dominance. 33701 The billionaire is one of the founders of the Giving Pledge, which asks the world's wealthiest people to give away most of their fortunes to charitable causes. 420,000 acresBill and Melinda Gates prior to their divorce accumulated roughly 270,000 acres of farmland in less than a decade. 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. Accessed 28 Apr. 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.. Bill Gates reportedly owns more farmland than anyone else in the United States. Why? The Guardian, 5 Apr. 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. He responded that it was a decision his investment group made. 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. Alongside his investments, Gates has also purchased farmland in at least 19 states, according to The Land Report. See MCL 436.1701., Michigan taxpayers are allowed to take a number of exemptions, depending on the number of people in the taxpayers household, their ages, and other factors, If the defendant is held for more than 24 hours without being brought before the court under subsection (2), the officer in charge of the, An ORV or off-road vehicle is a motor-driven, recreational vehicle capable of driving on a range of terrains not limited to roadways and, Michigan leads the nation in tart cherry production. Over time, Gates sold personal stock in Microsoft and reinvested it through Cascade Investment. Lucas Nolan is a reporter for Breitbart News covering issues of free speech and online censorship. 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. Social media users are falsely claiming that Gates owns the majority of U.S. farmland. As per the Land report and NBC report, Gates has farmlands in Louisiana, Nebraska, Georgia and other areas. Valuations of equities (stocks) are at all time highs, similar to the dot-com bubble. A Grimmway Farms employee moves a water pipe at one of their carrot farms in the Antelope Valley. 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. 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. In 1994, Bill Gates opened up his family office, Cascade Investment LLC, with trusted wealth manager Michael Larson. He has been buying thousands of acres across America. 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. Our only agenda is to publish the truth so you can be an informed participant in democracy. as well as other partner offers and accept our. He owns 242,000 acres, which is equivalent to the area of Fannin County GA. researchers warned about the potential risk of a global food shortage, currently no nationwide food shortages in the United States, the number of fires was not extraordinary, the causes of the fires were not unusual, and the damage caused by the fires was minimal, 2021 report from the United States Department of Agriculture and the National Agriculture Statistics Service, you'd cover an area about a quarter the size of Rhode Island, Gates was putting microchips into vaccines, Gates had input tracking devices into vaccines, vaccinations as a way to depopulate the planet. Why did he decide to buy in Amish Country? He has also been aproponent of chicken farming. Hint, It's Not Bill Gates, Bezos-Backed Startup Lets You Become A Landlord With $100, Try the tool that will help you invest smarter, faster, and better, Bill Gates Finally Explains Why He's Buying So Much U.S. 2 min read Microsoft founder and billionaire turned philanthropist Bill Gates recently laid to rest the long-time conspiracy theory that he owns some 80% of all. Not only was he no longer reliant on his own companys success for his own personal wealth, but he set himself up to make even bigger moves in the decades to come. This, combined with holiday demand and continued coronavirus pandemic-related supply-chain pressures, have affected the market. The billionaire cant seem to do anything without drawing the conspiratorial ire of online netizens. 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. Their low fees and competitive returns set them apart from many of the other platforms out there.

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