Billionaire Bill Gates explains why he buys a lot agricultural land - Photo: BENZINGA. Bill Gates Finally Explains Why He's Buying So Much U.S. Farmland How much land does Russia own in the United States? Hes also written about the need for more ways to produce meat without depleting environmental resources. In 1999, Cascade Investment made an interesting decision: Gates sold over 7 million personal Microsoft shares to further diversify his portfolio. Gates' achievement, according to the report, is that he's largest private owner of farmland in the US. Will Bill Gatess green tech initiatives ever intersect with his growing agricultural empire? According to OKeefe, Gates isnt the only one making moves on the farmland market, especially as farm real estate values nationwide increased 7% from 2020 to $3,390 per acre. Gates does own a lot of farmland. In fact, he reportedly owns more farmland than any other individual in America. According to Redfin, single-family housing represented over 70% of the properties purchased by investors in the third quarter of 2021 (here). The portion of land that isn't owned by farmers varies widely regionally; in some areas, almost 80 percent of agricultural land is held by non-operators. Why am I just learning about this NOW?. The state is investigating the purchase of potato farmland by the Gates-linked trust, with the states Attorney General writing in a letter that it wasprohibited from owning or leasing farmland or ranchland in the state of North Dakota.. 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. Bill Gates Asked Why He's Buying So Much US Farmland: Here's His - MSN 242,000 Acres: Bill Gates Now The Largest Owner Of Farmland In America. Bill Gates Attempts to Explain Why He Bought More Farmland - Futurism F' off Gates! Amazing, if truebut its extremely not. Northern Kansas land sale averages $3,500 per acre. The other major crops oats and forages are mostly fed to livestock on farms in the area. While Gates is still the top farmland owner in the U.S., not all of the property he owns is farmland. Access your favorite topics in a personalized feed while you're on the go. Corn production is concentrated in the Lower Peninsula with Saginaw and Lenawee counties as Michigans largest producers. 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. There are 94.6 million single-family houses in the United States, according to the latest data available from the U.S. Census Bureau American Housing Survey (2019) (bit.ly/3seI7kV). Although Gates owns these farms, he isnt changing their practices. Don't miss real-time alerts on your stocks - join Benzinga Pro for free! Bill Gates, and the Chinese, are not just buying up farm land for that purpose. In 2018, Michigan produced 297 million bushels of corn grain, worth $1 billion. Gates is not the only billionaire on The Land Report 's list of top private farmland owners. Other noteworthy farmland investors include Ted Turner and Thomas Peterffy. Land Values: Here's a look at the top 10 absentee landowners in central Illinois, and where they own farmland. "Those people are upset, but there are others that are just livid about this.". The billionaire cant seem to do anything without drawing the conspiratorial ire of online netizens. Alongside his investments, Gates has also purchased farmland in at least 19 states, according to The Land Report. Why Bill Gates is the largest private farmland owner in the United Where Does Bill Gates Own Land In Montana? - PartyShopMaine Conspiracy theorists claimed last year that the Microsoft founder was buying up farmland in the U.S. in order to starve Americans for an unknown reason, Snopes said, after researchers said in. It is not connected to climate. AcreTrader is one of the most well-established farmland crowdfunding platforms out there. Or, have more control over the resources we all use and need. According to O'Keefe, Gates isn't the only one making moves on the farmland market, especially as farm real estate value s nationwide increased 7% from 2020 to $3,390 per acre. Another main feature of the Big Bet is the implementation of the culmination of the Gates Foundations research: specialized GMO seeds for different crops that have been gene edited to be pest-proof, flood proof, disease proof, and climate change-resistant. During the COVID-19 pandemic, vaccine-hesitant Americans were inundated with false rumors claiming that Gates was putting microchips into vaccines, that he was working on a mind-altering vaccine, that Gates had input tracking devices into vaccines, and that he once called for vaccinations as a way to depopulate the planet. Since its IPO in 1985, Microsoft has seen continual success. Thetech billionaire owns69,071 acres inLouisiana,47,927 acres inArkansas, and 20,588 acres inNebraska. Drinking or using tap water treated with chlorine is dangerous because chlorine is a poison., Obama imposed stricter rules on trains carrying toxins. 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. Gates does not own the majority of U.S. farmland. It is unclear how cheap biofuels can be but if they are cheap it can solve the aviation and truck emissions.". 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. All quotes delayed a minimum of 15 minutes. News reports from the last several years suggest that Gates has at different times invested in start-ups focused on developing artificial or plant-based alternatives to meat, such as Natures Fynd, Hampton Creek, Memphis Meats, Beyond Meat and Impossible Foods. Bill and Melinda Gates also cracked the Land Report's Top 100 Landowners for the first time coming in at number 49. According to a 2021 report from the United States Department of Agriculture and the National Agriculture Statistics Service, there are 895,300,000 acres of farmland in the United States. So, what's the interest in farmland? Does Michigan Allow Personal Tax Exemptions? The cost of chicken has also gone up, although not as drastically. 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. Bill Gates does not own the majority of U.S. farmland. 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. He also reportedly owns about 16,000. American Homes 4 Rent holds around 57,024 single-family properties (here). Contacted by Reuters, a BlackRock spokesperson said: BlackRock is not buying single-family homes and is not competing with individuals to purchase houses in America.. Bill Gates' 242,000 Acres of Farmland Could Be Split in Divorce He has also been aproponent of chicken farming. The Gates Foundation has focused their efforts on alleviating the aftermaths of climate change since its founding. The. These subsistence farmers can order equipment and seeds they need, paying what they can over a longer period of time. He had accumulated more than 269,000 acres of farmland across 18 states in less than a decade. Bill Gates Is the Biggest Private Owner of Farmland in the United States. 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. 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. Some are near cities and might end up having other uses.". Farmland REITs have a high degree of correlation with the overall stock market, and returns tend to be lower than less liquid farmland investments. Farmland is what is known as an alternative asset an investment that can grow wealth outside of the stock market. Suggests that since mostly Democrats vote early then that represents made-up ballots or dead people voting.. It has been very fulfilling for me and is my full time job," Gates continued. 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. Bill GatesWith almost 269,000 acres, Bill Gates retained his ranking as Americas largest private farmland owner. Prior to this in 1999, Bill sold off tons of Microsoft stock to diversify. Why Is Bill Gates Buying Farm Land? 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. 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). Amazon founder and chairman Jeff Bezos has amassed 420,000 acres in recent years. In addition, the law places certain limitations on the ability of trusts to own farmland or ranchland, the letter said. . Age Requirements Most ordinances require, Huckleberries are small bright blue, or dark blue, or black berries which grow wild near marshes in Michigan. Nancy Pelosi (purchased) 10,000 shares of Amgen, manufacturer of Nplate, a drug used to treat radiation sickness.. (here) (here). Some of the links on this site are affiliate links. 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. Bill Gates Asked Why He's Buying So Much US Farmland: Here's His Answer Perhaps history is repeating itself? You're looking into Bill Gates' Red River Trust purchase of . Sign up for our newsletter for the latest tech news and scoops delivered daily to your inbox. 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. Why? The Guardian, 5 Apr. Think about how much Bill Gates would have lost if he hadn't diversified in 1999. What Returns Should You Expect From Farmland Investing? 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. 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? This article Bill Gates Finally Explains Why He's Buying So Much U.S. His largest holding is in Louisiana (69,071 acres), followed by Arkansas (47,927 acres) and Arizona (25,750 acres). As of 2020, industry reports show he owned about 0.027% of U.S. farmland. Bill Gates owns a minimum of 242,000 acres of U.S. farmland in Washington, Illinois, Iowa, Louisiana, California and multiple other states. Bill Gates is America's biggest farmer, his 269000 acres farmland grows potatoes and carrots Gates has farmlands in Louisiana, Nebraska, Georgia and other areas. Mar 4, 2009. There isn't some grand scheme involved - in fact, all these decisions are made by a professional investment team.. But that's just a portion of the vast holdings Gates and his ex-wife, Melinda French Gates, own from sea to shining sea. Why did he decide to buy in Amish Country? Try the tool that will help you invest smarter, faster, and better. AcreTrader has carved out a niche for themselves that has led to rapid market dominance. The 2,100 acre potato farm adds to his massive portfolio of farm investments. However, when you read between the lines with an objective and open mind, one can infer much. 420,000 acresBill and Melinda Gates prior to their divorce accumulated roughly 270,000 acres of farmland in less than a decade. Bill Gates explains why he buys so much farmland Bill Gates tells Reddit why he's bought so much farmland - AFN In their Big Bet, they recognize that the impoverished people stand to be impacted the most by these changes.