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. Instead, he mostly acts like a landlord and allows professional farmers to keep doing their thingeven if those practices are ruinous to the environment. The total portfolio of farmland is worth well over $700 million. During his 11th appearance in the "Ask Me Anything" . These allow investors to get stared with as little as $10,000. Alongside his investments, Gates has also purchased farmland in at least 19 states, according to The Land Report. By Dec. 31, 2022, the Agriculture Department reported 43 million egg-laying hens had died because of the disease or depopulation. The controversy over Bill Gates becoming the largest private farmland owner in the US People are drawing connections between Gates's vast farmlands and climate change advocacy. In the Reddit AMA, he also said he'll sell what he owns as money goes towards the foundation. From the beginning, Cascade Investments focused on blue chip defensive stocks, including Four Seasons, Berkshire Hathaway, Coca Cola, and more. Accessed 28 Apr. The buyer, Red River Trust, is tied to Bill Gates, the largest farmland owner in the US. It is unclear how cheap biofuels can be but if they are cheap it can solve the aviation and truck emissions. What is the most profitable crop in Michigan? Will Bill Gatess green tech initiatives ever intersect with his growing agricultural empire? Bill is now the biggest owner of farmland in 2022 a great hedge asset against rising inflation. Heres why.," Jan. 10, 2023. Why did he decide to buy in Amish Country? Bill Gates owns more private farmland in the US than anyone else, an analysis by The Land Report found. Read next:Bezos-Backed Startup Lets You Become A Landlord With $100. Why am I just learning about this NOW?. The Gates have been quietly acquiring farmland through their investment manager, Cascade Investment, for over 10 years. Perhaps Bill Gates is looking to test out his GMO seeds. 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. In 2020, Gates made headlines for becoming the largest private farmland owner in the U.S. Stay up to date with what you want to know. 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. Download free guide with advice for beginners. Gates' 242,000 acres amounts to about 0.03% of the total. 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. This is because of more intense seasons of drought and rain. 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. Toxic chemicals known as PFAS, or per- and, 2 hours, 2 minutes. The transitional land he owns in Arizona is reportedly being built into a suburb. What special interest does Bill Gates have in farmland? Bill Gates (AP). Across the nation, Gates' affiliates . Today, Bill Gates owns 242,000 acres of farmland in 19 states. Or, have more control over the resources we all use and need. Gates' interest in farmland is still strong. Sign up for notifications from Insider! Bill Gates and conspiracy theories go together like peanut butter and jelly. The report states that Gates has 70,000 acres of land in North Louisiana where they grow soybeans, corn, cotton. 3. 54. That's a ginormous deal, one that pencils out to almost $12,000 per acre for a whole lot of acres. Another meme circulating online reads: Bill Gates is buying all the farmland. 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. 1800 I Street NW Farmland as an investment offers low volatility. His idea, like many others, was to diversify his investments across different asset classes. "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. Gates believes that subsistence farmers and impoverished peoples will be among the most affected by climate change. By clicking Sign up, you agree to receive marketing emails from Insider 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.. Representatives for Gates did not immediately respond to messages from Insider requesting comment. Zu den grten Gates-Unternehmen zhlen etwa Betriebe mit 27.952 Hektar in Louisiana, 19.395 Hektar in Arkansas, 10.420 Hektar in Arizona, 8.331 Hektar in Nebraska und 6.514 Hektar im Bundesstaat. Farmland is what is known as an alternative asset an investment that can grow wealth outside of the stock market. 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. No one but Bill Gates knows that answer. Momentum accelerated during the 2008-2009 Great Financial Crisis, when investors grew desperate for alternatives to traditional safe haven investments like bonds and gold. Officially, the general public doesnt know exactly what Bill Gates growing farmland estate is being used for. 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. Who owns the most land in the world 2021? While Gates is still the top farmland owner in the U.S., not all of the property he owns is farmland. These rumors, like the present rumor about Gates buying up the majority of farmland in the United States for nefarious purposes, are all false. Farmland originally appeared on Benzinga.com. Other examples can be seen (here), (here). Bill Gates does not own the majority of U.S. farmland. While much of this land was transferred to the new state of Hawaii in 1959, the federal government did keep some. Farmland, Biden Hears Oval Office Plea for Alaska Oil Project in Lobbying Frenzy, Apple tops ranking of global companies with the most 'green' revenue, UPDATE 2-North Korea says UN should demand end to S.Korea-US military drills, US Treasury puts cost of outbound investment risk program at $10 million, US Jobs Report and Powell Testimony Take Center Stage: Eco Week. Read more about our work to fact-check social media posts here . The tech billionaire owns 69,071 acres in Louisiana, 47,927 acres in Arkansas, and 20,588 acres in Nebraska. Gates is No. While the Gates' own a lot of farmland, nonfarmers own 283 million acres of farmland throughout the U.S. Estes, Nick. 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. .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. 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. . Best Farmland Investing Platforms Non-Accredited, Best Canadian Farmland Investing Platforms. Amazing, if truebut its extremely not. His largest holding is in Louisiana (69,071 acres), followed by Arkansas (47,927 acres) and Arizona (25,750 acres). Stay up to date with what you want to know. Social media post scrambles the facts on high egg prices, Bill Gates Invested In Artificial Eggs a Decade Before Egg Shortage, Bill Gates is About to Change the Way America Farms, What the plow and lab-grown meat tell us about innovation, Avian influenza outbreaks reduced egg production, driving prices to record highs in 2022, 2022-2023 Confirmations of Highly Pathogenic Avian Influenza in Commercial and Backyard Flocks, Bill Gates owns a lot of American farmland, but not the majority, The controversy over Bill Gates becoming the largest private farmland owner in the US, McDonald's french fries, carrots, onions: all of the foods that come from Bill Gates farmland, Fact Check-Bill Gates doesnt own most U.S. farmland; BlackRock doesnt own most houses, Bill Gates and Richard Branson are betting lab-grown meat might be the food of the future, Bill Gates bets on growing demand for sustainable foods, Lab-Grown Meat Backed by Gates, Tyson Foods Faces U.S. As the Land Report notes, 24,800 acres of the land istransitional, located on the western edge of Phoenix, the tenth-largest metropolitan area in the country, and the mostpopulous city in Arizona. By Rebecca . Snopes and the Snopes.com logo are registered service marks of Snopes.com. Conspiracy Theorists claimed last year that the Microsoft founder was buying up farmland in the U.S. to starve Americans for some unknown reason, Snopes said, after researchers said in April that the world was facing a potential food shortage due to Russias invasion of Ukraine. 801 3rd St. S Darren lives in Portland, has a cat, and writes/edits about sci-fi and how our world works. The Consumer Price Index shows chicken prices, including fresh whole chicken and fresh or frozen chicken parts, have increased 11% over the last year. Gates and his wife own 269,000 acres of farmland. Michigan. 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.. Over time, Gates sold personal stock in Microsoft and reinvested it through Cascade Investment. Benzinga does not provide investment advice. According to lovemoney.com, the church owns more than 70 million hectares. Are you ready for alternative proteins made from a volcanic microbe?," March 24, 2020, NPR, "Why Bill Gates Is Investing In Chicken-Less Eggs," June 13, 2013, CNN, "Memphis Meats raised $161 million to grow meat from cells," Jan. 22, 2020, Insider, "Bill Gates and Richard Branson backed a food startup which grows meat in labs," Aug. 23, 2017, CNBC, "How Beyond Meat became a $550 million brand, winning over meat-eaters with a vegan burger that bleeds'," Jan. 21, 2019, Quartz, "Bill Gates headlines an all-star list of investors pumping $75 million into meatless burgers," Aug. 2, 2017, CNBC, "How Impossible Burgers simple vision won hundreds of millions in funding and backing from Bill Gates," March 7, 2019, The Washington Post, "Egg prices havent come down with inflation. And many of the American farms Gates owns specialize in produce, such as onions, carrots and potatoes, NBC News reported in 2021. 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. Youre not investing in a building that will decay over time, but the rich farmland itself. Is Gladstone Land Corp (LAND) A Good Investment? Gates and his investment team own more than 240,000 acres, as reported by OKeefe, including 2,167 acres in Michigan. Read also:Which Billionaire Owns The Most Land In The U.S.? Theres a lot of little benefits that stack up when talking about farmland, but the biggest is likely the fact that farmland returns historically out performs most other investment vehicles, and is also comparatively the least volatile asset among the bunch. The Gates Foundation isnt the entity utilizing the land, but rather just Bills family office. 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. Bill Gates owns almost as much U.S. agricultural land as China at 248,000 acres, . I have invested in these farms to make them more productive and create more jobs. In fact, Gates is the owner of over 270,000 acres of farmland, which is worth over $700 million! 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.. 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. This informational is by no means a promotion, solicitation, or recommendation of any specific investment. In 2016, he wrote on his blog about the benefits of raising chickens, particularly for people living in poverty. Purchasing your own farm outright means that you are not diversified across many farms; just 1. 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. Heres why. Which Billionaire Owns The Most Land In The U.S.? How long is it from Michigan to Detroit? TheNew York Post reportsthat public records recently cited by AgWeek reveal that an entity called Red River Trust with links to billionaire Bill Gates recently purchased 2,100 acres of potato farmland in northern North Dakota, prompting state officials to intervene after complaints from local residents. More surprising, however, was the fact that Bill and Melinda Gates own more private 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. So why does Bill Gates, and other billionaires like him, keep buying up so much farmland? It's hard to visualize just how much land 242,000 acres amounts to unless . 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 . Are you ready for alternative proteins made from a volcanic microbe? In fact, in June of 2022 he secured an additional 2,100 acres of farmland in North Dakota for roughly $13.5 million. Some of the biggest critics of Gates have deemed his philanthropy as a budding technocracy a tyranny of experts that both centralizes power into a private corporations interests. 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? Bill Gates buys farmland in Amish Country. Where Does Bill Gates Own Farmland in the US. There were 895.3. An ingredient in some of Chick-fil-As dipping sauces can cause serious health problems. 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. Why? 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). Who owns the most property in Detroit Michigan? Farmland in am. Agriculture and the National Bureau of Agricultural Statistics, in the United States there are 362,315,055 hectares of farmland. His . In his annual Reddit Ask Me Anything session on Wednesday, Gates was asked why he has made all of his farmland purchases. Gates' interest in farmland is still strong. The report states that Gates has 70,000 acres of land in North Louisiana where they grow soybeans, corn, cotton. The Bureau of Labor Statistics latest update shows egg prices rose 60% over the last year. 2022. Follow him on Twitter@LucasNolanor contact via secure email at the addresslucasnolan@protonmail.com, EconomyPoliticsTechBill GatesFarmersfarmlandNorth Dakota. There isn't some grand scheme involved - in fact all these decisions are made by a professional investment team.". Why Bill Gates Keeps Buying Up So Much Farmland, 60 Scientists Are Trying to Block the Sun, Your Privacy Choices: Opt Out of Sale/Targeted Ads. The figure is far below the total area of U.S. farmland. Ive gotten a big earful on this from clear across the state, its not even from that neighborhood, said Goehring. The . In the same way you can invest into ETFs (Exchange Traded Funds) in the stock market, there exist similar products for farmland called farmland REITs. While Gates has spent billions investing in agricultural properties to make them more productive, a growing number of retail investors are getting a piece of the real estate market with as little as $100 through companies backed by high-profile investors like Jeff Bezos. 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. Valuations of equities (stocks) are at all time highs, similar to the dot-com bubble. If youve been on the fence about getting into farmland, maybe now is the time to reconsider. #1. Mr. Gates owns about 97,934 hectares, accounting for about 0.03% of . The mainland Chinese company Sino-Michigan Properties LLC has paid $1.9 million for 200 acres of undeveloped land in Milan, Michigan. 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. Don't miss real-time alerts on your stocks - join Benzinga Pro for free! But that's just a portion of the vast holdings Gates and his ex-wife, Melinda French Gates, own from sea to shining sea. He recently tried to explain why, and it was a little hard to follow. 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.
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