In 1994, Bill Gates opened up his family office, Cascade Investment LLC, with trusted wealth manager Michael Larson. Using those figures, Gates would own about 0.027% of U.S. farmland. Should we be worried about a tech giant like Bill Gates amassing this wild amount of land? Gates has been asked about his farmland purchases before. Since his divorce, it is unclear how the assets were split up between the couple. The report states that Gates has 70,000 acres of land in North Louisiana where they grow soybeans, corn, cotton. F' off Gates! Top editors give you the stories you want delivered right to your inbox each weekday. 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. By Jenna Hoffman July 5, 2022. To put that into perspective, if you put all of the land that Gates owns into one place (his holdings are spread throughout the country), you'd cover an area about a quarter the size of Rhode Island. Bill Gates owns about 400 acres of farmland outside of Malmo, Nebraska, that he rents to a local farmer. While Gates is still the top farmland owner in the U.S., not all of the property he owns is farmland. So while Dan Gilbert owns the most property downtown, his 30-odd buildings seem small compared to what Kelly, Tatarian, Moroun, and others own. Weyerhaeuser purchase Plum Creek in 2015 for over $8 Billion! (AP). 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. No one but Bill Gates knows that answer. Who is the largest landowner in the world? - Farmland Riches where is bill gates' farmland in michigan. Farmland originally appeared on Benzinga.com. The report states that Gates has 70,000 acres of land in North Louisiana where they grow soybeans, corn, cotton. Thus, in Gates mind, its extremely important to help empower these developing peoples before that year comes to fruition. 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. As of 2020, industry reports show he owned about 0.027% of U.S. farmland. The total portfolio of farmland is worth well over $700 million. At the turn of this century, Chinese owners owned about 192,000 acres of farmland in the U.S., according to the USDA. It is unclear how cheap biofuels can be but if they are cheap it can solve the aviation and truck emissions.". Last year, Gates vowed to give away "virtually all" of his fortune to the philanthropic foundation he runs with French Gates. 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. 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. Hes the largest landowner in the United States. Tue, Feb 28, 2023 LOGIN . Partnering with Monsanto to create these super seeds is also part of the plan. While Gates does not own the majority of U.S. farmland, he is the largest private farmland owner, according to The Land Report. Bill Gates owns a minimum of 242,000 acres of U.S. farmland in Washington, Illinois, Iowa, Louisiana, California and multiple other states. By clicking Sign up, you agree to receive marketing emails from Insider Breitbart News previously reported that Gates is Americas largest private owner of farmland. Officially, the general public doesnt know exactly what Bill Gates growing farmland estate is being used for. 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. .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. Photo of electric charging station powered by diesel generator is emblematic of the electric vehicle movement. If Not for Climate, Then Why Is Bill Gates Buying so Much Farmland? AFN, 27 Aug. 2021, https://agfundernews.com/gates-if-not-for-climate-then-why-is-bill-buying-up-so-much-farmland. Starting in 2013, Gates began investing his billions (through the firm Cascade Investment) in agriculture because of its steady increase in value and low volatility. In the past 20 years, the foundation has grown to hold over $48 billion. During his 11th appearance in the "Ask Me Anything" . With more productive seeds we can avoid deforestation and help Africa deal with the climate difficulty they already face. He has also been aproponent of chicken farming. 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. Which Billionaire Owns The Most Land In The U.S.? Oftentimes, those fingers get pointed at Gates. 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). The Guardian, https://www.theguardian.com/commentisfree/2021/apr/05/bill-gates-climate-crisis-farmland. The No. Microsoft founder Bill Gates and his wife Melinda have amassed the largest portfolio of private farmland in the US, according to The Land Report. 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. Gates private office, Gates Ventures, told PolitiFact this claim is false. 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. Farmland Riches, LLC and the owners may have investments in companies represented on the AcreTrader platform. Heres why. By divesting his personal wealth from his own thriving tech company, and diversifying into myriads of other non-tech based businesses, he was not only exceptionally protected against the tech crash of 2000, but made out like a bandit. 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. Bill Gates buys farmland in Amish Country. Oversight," June 15, 2018, The Chicago Tribune, "Chicken nuggets and cream cheese grow in trays in a South Side lab. What does Weyerhaeuser have to do with Michigan? Today, Bill Gates owns 242,000 acres of farmland in 19 states. Nebraska has the third-most Gates-owned farmland in the nation. 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. 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. That's a ginormous deal, one that pencils out to almost $12,000 per acre for a whole lot of acres. While BlackRock does not directly own single-family houses, as the worlds largest asset manager (here), it owns stock in companies that do. 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 . 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. It is unclear how cheap biofuels can be but if they are cheap it can solve the aviation and truck emissions. 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). FILE - Bill Gates attends a discussion during the 'Munich Security Conference' in Munich, Germany, Friday, Feb. 18, 2022. 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. The old saying about land is they aren't making any more of it. Supply and demand? Recently, an article in Land Report stated that Bill Gates owns more American farmland than anyone else. "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. What Land Does Bill Gates Own In Michigan? He responded that it was a decision his investment group made. And many of the American farms Gates owns specialize in produce, such as onions, carrots and potatoes, NBC News reported in 2021. That makes him the largest landowner in the U.S. Stats show agriculture is a pretty good investment for billionaires. False. Perhaps history is repeating itself? Interestingly enough, though the Bill and Melinda Gates Foundation is working on this agriculture initiative. Hint, It's Not Bill Gates. But unlike those men, Gilbert has plans to redevelop his properties and not just sit on them. In addition to farmland, the Gates' portfolio includes numerous public investments, the Gates Foundation, a major stake in the Four Seasons Hotel, and much more. Egg prices havent come down with inflation. Although Gates owns these farms, he isnt changing their practices. That purchase of Plum Creek makes Weyerhaeuser the largest private landowner in Michigan, as of now. It reported that as of 2022, Gates owned about 248,000 acres of farmland. The Agriculture Department estimates there are more than 895 million acres of farmland in the U.S., making Gates share 0.028%. In 2000, the new Gates foundation launched with Bill, Melinda, and Warren Buffet on the trustee board. The figure is far below the total area of U.S. farmland. Representatives for Gates did not immediately respond to messages from Insider requesting comment. for different crops that have been gene edited to be pest-proof, flood proof, disease proof, and climate change-resistant. NOW WATCH: Bill Gates has a net worth of over $96 billion here's how he makes and spends his money, his close friend and Berkshire Hathaway CEO, Warren Buffett, he'll sell what he owns as money goes towards the foundation. 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. Bill Gates currently owns over 268,000 acres of American farmland spread out over 19 states. 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. 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. Bill Gates owns a ton of farmland in the United Statesas in, about 270,000 acres. Some social media users are claiming recent national chicken and egg supply shortages are the culmination of a decadelong plot by Gates. 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. The Gates have been quietly acquiring farmland through their investment manager, Cascade Investment, for over 10 years. While the global climate change initiative is trying to reduce total emissions by the year 2050, the year 2030 is also important. Is Farmland Partners (FPI) A Good Investment? Business entities have, however, been increasing their presence as owners of rental properties. Will Bill Gatess green tech initiatives ever intersect with his growing agricultural empire? Gates and his wife own 269,000 acres of farmland. 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. It has been very fulfilling for me and is my full time job," Gates continued. Where farmland differs from other alt assets is that because its such a crucial human resource (food = humans), in less-than-desirable economic situations, farmland tends to appreciate even further in value, as opposed to losing value (I.E., during a dreaded stock market crash). Some experts have pointed to Gatess well-known sustainability and green tech initiatives as a possible reason, but during an earlier Reddit AMA in 2021, Gates said, my investment group chose to do this. Gates' interest in farmland is still strong. But these land holdings account for only a tiny share of the countrys total farmland. Hearst Magazine Media, Inc. All Rights Reserved. Who is the largest farmer in the United States? In his annual Reddit AMA Wednesday, Gates was asked why he has bought so much farmland. Mar 4, 2009. More than 58 million birds in hundreds of commercial and backyard flocks have been affected since the bird flu outbreak began in February 2022, the Agriculture Department estimated. Bill Gates is buying up the majority of American farmland and BlackRock is buying the majority of single-family houses but I'm supposed to believe the biggest threat to us is Elon Musk buying Twitter? one Twitter user wrote (here). According to lovemoney.com, the church owns more than 70 million hectares. He has been buying thousands of acres across America. Prior to this in 1999, Bill sold off tons of Microsoft stock to diversify. 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.
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