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Alongside his investments, Gates has also purchased farmland in at least 19 states, according to The Land Report. How much land does Russia own in the United States? "Those people are upset, but there are others that are just livid about this.". Check out current deals on AcreTrader now! 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. The other major crops oats and forages are mostly fed to livestock on farms in the area. What Returns Should You Expect From Farmland Investing? One of the most prevalent claims related to Gates and the potential for food shortages is that the billionaire owns a suspicious amount of farmland in the United States. In 2000, the new Gates foundation launched with Bill, Melinda, and Warren Buffet on the trustee board. His largest holding is in Louisiana (69,071 acres), followed by Arkansas (47,927 acres) and Arizona (25,750 acres). 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. Bill Gates speaks during the Global Fund's Seventh Replenishment Conference, Wednesday, Sept. 21, 2022, in New York. Bill Gates is best-known for cofounding Microsoft, but he's also a major US landowner, having bought 275,000 acres of farmland. 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. 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. 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). All rights reserved. FPI is internally managed and the company owns farms in 16 states, including Alabama, Arkansas, California, Colorado, Florida, Georgia, Illinois, Kansas, Louisiana, Michigan, Mississippi,. Nov 14, 2022. In the past 20 years, the foundation has grown to hold over $48 billion. As per the Land report and NBC report, Gates has farmlands in Louisiana, Nebraska, Georgia and other areas. Sign up for notifications from Insider! Over time, Gates sold personal stock in Microsoft and. The Agriculture Department has said the avian flu outbreak in the U.S. is the main contributor to low inventory and high prices. Over the last decade, Bill Gates has invested in multiple companies, including Beyond Meat and Impossible Foods, that develop plant-based meat alternatives. 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 purchase of a large patch of land in North Dakota has sparked fury and conspiracy theories on social media after the Microsoft billionaire secured legal approval to purchase the 2,100 acres of farmland in the state last week. It reported that as of 2022, Gates owned about 248,000 acres of farmland. The figure cited by The Land Report was subsequently reported by major news outlets including Business Insider and Forbes (here), (here). According to the Harvard Joint Center for Housing Studies (JCHS) (here), using data of the Rental Housing Finance Survey, between 2001 and 2018 the proportion of rental properties owned by non-individual investors, which include partnerships, trustees for estate, real estate corporations, real estate investment trusts, and other entities, increased from 18% to 26%. 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. As of 2020, industry reports show he owned about 0.027% of U.S. farmland. 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.. Farmland originally appeared on Benzinga.com. 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. Gates has been asked about his farmland purchases before. Gates said during a Reddit AMA: My investment group chose to do this. 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.. Which Billionaire Owns The Most Land In The U.S.? Bill Gates, and the Chinese, are not just buying up farm land for that purpose. His 242,000 acres of farmland stretch across 18 states from Washington to Florida,. Featured in the agricultural side of their plan is a strategy for subsistence farmers and other small-acre farms in Africa and the developing world education, resources, and layaway payment plans which can be used through smartphones. Who is the largest landowner in the world? Best Farmland Investing Platforms Non-Accredited, Best Canadian Farmland Investing Platforms. Microsoft co-founder Bill Gates is America's top private farmland owner. These subsistence farmers can order equipment and seeds they need, paying what they can over a longer period of time. 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. District of Columbia False. It is not connected to climate. 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. Perhaps history is repeating itself? 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). He also reportedly owns about 16,000. 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. That makes him the largest landowner in the U.S. Stats show agriculture is a pretty good investment for. He recently tried to explain why, and it was a little hard to follow. Bill Gates is Americas biggest farmer, his 269000 acres farmland grows potatoes and carrots. By 2019, the USDA says foreign ownership of U.S. acres exceeded 35.2 million acres, a 60 percent increase from the decade prior. Sign up for notifications from Insider! Digital IDs were given to residents in East Palestine, Ohio, to track long term health problems like difficulty breathing before the Feb. 3 train derailment. Partnering with Monsanto to create these super seeds is also part of the plan. What Bill Gates has to do with livestock, lab-grown meat, Eggflation? While Microsoft took a major hit in the tech crash of 2000, Bill Gates portfolio with Cascade would gain around 40% return in that same year. Mar 4, 2009. 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 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. (AP). There isn't some grand scheme involved - in fact all these decisions are made by a professional investment team.". During his 11th appearance in the "Ask Me Anything" . Why Is Bill Gates Buying So Much Farmland? According to 2021 article from the Land Report, a magazine about land. Don't miss real-time alerts on your stocks - join Benzinga Pro for free! In fact, he reportedly owns more farmland than any other individual in America. 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. However, this practice of buying up agricultural land predates Bill Gates and has been a popular investment for the super-rich since at least the early 2000s. But unlike those men, Gilbert has plans to redevelop his properties and not just sit on them. Gates' farmland purchases, which have mostly been made in the last five years, started in 2017 when he bought $520 million of farmland spread over five dozen properties from the Canada. 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. 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 January 2021, Bill Gates became the largest owner of farmland in the United States. Gates' interest in farmland is still strong. Snopes and the Snopes.com logo are registered service marks of Snopes.com. Officially, the general public doesnt know exactly what Bill Gates growing farmland estate is being used for. Today, Bill Gates owns 242,000 acres of farmland in 19 states. Gates is just using farmland to make Agri-Tech and financial investments. So while Dan Gilbert owns the most property downtown, his 30-odd buildings seem small compared to what Kelly, Tatarian, Moroun, and others own. Due climate change, dry seasons will be drier, and wet seasons will be more intense, and bring more flooding. Are you ready for alternative proteins made from a volcanic microbe? Age Requirements Most ordinances require, Huckleberries are small bright blue, or dark blue, or black berries which grow wild near marshes in Michigan. Follow him on Twitter@LucasNolanor contact via secure email at the addresslucasnolan@protonmail.com, EconomyPoliticsTechBill GatesFarmersfarmlandNorth Dakota. In fact, he reportedly owns more farmland than any other individual in America. The total portfolio of farmland is worth well over $700 million. The state bars corporations and limited liability companies from owning or even leasing farmlands or ranches and has other limits on trusts, yet the . 727-821-9494. stated on January 22, 2023 in an Instagram post: The U.S. chicken and egg shortage is linked to Bill Gates. 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. And many of the American farms Gates owns specialize in produce, such as onions, carrots and potatoes, NBC News reported in 2021. The Bill & Melinda Gates Foundation is focused partly on agricultural development to support farmers in sub-Saharan Africa and South Asia. Microsoft founder Bill Gates and his wife Melinda have amassed the largest portfolio of private farmland in the US, according to The Land Report. Why am I just learning about this NOW?. 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. Bill Gates owns massive parcels of farmland. 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. How many farms Does Bill Gates Own? He responded that it was a decision his investment group made. 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. Please let us know if you're having issues with commenting. By clicking Sign up, you agree to receive marketing emails from Insider Northern Kansas land sale averages $3,500 per acre. 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. 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. 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. Top editors give you the stories you want delivered right to your inbox each weekday. Hearst Magazine Media, Inc. All Rights Reserved. Amazon founder and chairman Jeff Bezos has amassed 420,000 acres in recent years. 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. Hes the largest landowner in the United States. Our Standards: The Thomson Reuters Trust Principles. Check out:How To Invest In Real Estate With $100. "With more productive seeds we can avoid deforestation and help Africa deal with the climate difficulty they already face. Who owns the most land in the world 2021? Interestingly enough, though the Bill and Melinda Gates Foundation is working on this agriculture initiative. The Consumer Price Index shows chicken prices, including fresh whole chicken and fresh or frozen chicken parts, have increased 11% over the last year. North Dakota Agriculture Commissioner Doug Goehring spoke with KFYR, stating that the public reaction to the purchase has been negative. The North Dakota purchase would put those total holdings at more than 270,000 acres, though it's not clear how the property is being divided following Gates and French Gates' divorce last year. In Washington, the duo owns more than 14,000 acres of farmland that includes potato . 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. Drinking or using tap water treated with chlorine is dangerous because chlorine is a poison., Obama imposed stricter rules on trains carrying toxins. It isless than .1% of all US farmland because the ownership is so diverse. Of those states, Gates owns the most land in Louisiana, where he is proprietor of more than 69,000 acres. Louisiana is the top state. 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. 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. Using those figures, Gates would own about 0.027% of U.S. farmland. To put it into perspective, if all of Gates land was in one place, it would cover about 25% of Rhode Island. By Dec. 31, 2022, the Agriculture Department reported 43 million egg-laying hens had died because of the disease or depopulation. Representatives for Gates did not immediately respond to messages from Insider requesting comment. Nancy Pelosi (purchased) 10,000 shares of Amgen, manufacturer of Nplate, a drug used to treat radiation sickness.. Amazing, if truebut its extremely not. The report states that Gates has 70,000 acres of land in North Louisiana where they grow soybeans, corn, cotton. 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. #1. 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. Across the nation, Gates' affiliates . About 350,000 acres of the U.S. government land in Hawaii were kept for military installations and national parks. 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. The report states that Gates has 70,000 acres of land in North Louisiana where they grow soybeans, corn . 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. In reality, the number of fires was not extraordinary, the causes of the fires were not unusual, and the damage caused by the fires was minimal. Billionaire Bill Gates explains why he buys a lot agricultural land - Photo: BENZINGA.