This, combined with holiday demand and continued coronavirus pandemic-related supply-chain pressures, have affected the market. Thus, before we answer these questions, we are going to provide a brief summary of his financial history. The 2,100 acre potato farm adds to his massive portfolio of farm investments. Hes the largest landowner in the United States. 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. Across the nation, Gates' affiliates . Sign up for our newsletter for the latest tech news and scoops delivered daily to your inbox. Those people are upset, but there are others that are just livid about this.. Nancy Pelosi (purchased) 10,000 shares of Amgen, manufacturer of Nplate, a drug used to treat radiation sickness.. In fact, in June of 2022 he secured an additional 2,100 acres of farmland in North Dakota for roughly $13.5 million. This informational is by no means a promotion, solicitation, or recommendation of any specific investment. The agriculture sector is important. 309. Nov 14, 2022. Not all of these owners are American; in fact, the portion of farmland that is foreign-owned has grown about 60 percent in the last decade, from 22 million acres in 2009 to 35.2 million . An archived version of the tweet can be found (archive.ph/8Tq36). Access your favorite topics in a personalized feed while you're on the go. The agriculture sector is important," Gates wrote. 1800 I Street NW Gates' achievement, according to the report, is that he's largest private owner of farmland in the US. Who owns the most farm ground in the US? 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. Recently, an article in Land Report stated that Bill Gates owns more American farmland than anyone else. The mainland Chinese company Sino-Michigan Properties LLC has paid $1.9 million for 200 acres of undeveloped land in Milan, Michigan. 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. 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. Gates and his wife, Melinda, own 242,000-acres across the U.S., according to The Land Report.. Gates' farmland includes 69,071-acres in Louisiana, 47,927-acres in Arkansas, 25,750-acres in Arizona, and 20,588 in Nebraska, and property in 14 other states, the magazine reported. While this is certainly a lot of acreage, it represents less than 1% of all the farmland in the United States. Why am I just learning about this NOW?. Click here to view current offerings on AcreTrader! 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. Sign up for notifications from Insider! Some social media users are claiming recent national chicken and egg supply shortages are the culmination of a decadelong plot by Gates. The No. 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. Read also:Which Billionaire Owns The Most Land In The U.S.? It is not connected to climate. It's hard to visualize just how much land 242,000 acres amounts to unless . 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. How many farms Does Bill Gates Own? Gear-obsessed editors choose every product we review. 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. Gates is No. According to the Tri-City Herald, a 14,500-acre swath of choice eastern Washington farmland in the Horse Heaven Hills of Benton County had just traded hands for almost $171 million. By Jenna Hoffman July 5, 2022. More surprising, however, was the fact that Bill and Melinda Gates own more private farmland . 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). What is the most profitable crop in Michigan? (here). 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. Pates wrote that while "nobody involved in the deal seems eager to talk about it," public records connected Gates and the buyer, Red River Trust. 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.. 41 on The Land Report's 2022 list of Americans who own the most land. This material may not be reproduced without permission. Ive gotten a big earful on this from clear across the state, its not even from that neighborhood, said Goehring. How can this inform our personal investment decisions? Oversight," June 15, 2018, The Chicago Tribune, "Chicken nuggets and cream cheese grow in trays in a South Side lab. 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. What Bill Gates has to do with livestock, lab-grown meat, Eggflation? The other major crops oats and forages are mostly fed to livestock on farms in the area. Sign up for notifications from Insider! It reported that as of 2022, Gates owned about 248,000 acres of farmland. 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. Who knows. 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 buys farmland in Amish Country. Officially, the general public doesnt know exactly what Bill Gates growing farmland estate is being used for. "With more productive seeds we can avoid deforestation and help Africa deal with the climate difficulty they already face. 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. Hes also written about the need for more ways to produce meat without depleting environmental resources. Weyerhaeuser purchase Plum Creek in 2015 for over $8 Billion! Gates has a big vision for all that land, but unfortunately it doesn't involve organic, biodynamic or regenerative farming methods, which are needed to heal ecosystems and produce truly sustainable, nourishing food for future generations The total portfolio of farmland is worth well over $700 million. Claims online that billionaire Microsoft co-founder Bill Gates owns the majority of U.S. farmland and that BlackRock, the worlds largest asset manager, owns the majority of U.S. single-family houses are factually inaccurate, according to industry data and spokespeople for Gates and BlackRock. But unlike those men, Gilbert has plans to redevelop his properties and not just sit on them. Oversight. He had accumulated more than 269,000 acres of farmland across 18 states in less than a decade. In 1999, Cascade Investment made an interesting decision: Gates sold over 7 million personal Microsoft shares to further diversify his portfolio. In 2020, there were 166 such funds globally, nearly a 9x increase from only 19 in 2005. The tech billionaire owns 69,071 acres in Louisiana, 47,927 acres in Arkansas, and 20,588 acres in Nebraska. From the beginning, Cascade Investments focused on blue chip defensive stocks, including Four Seasons, Berkshire Hathaway, Coca Cola, and more. However, the Gates Foundation has been largely transparent at every level of their operations from their objectives, means, successes, and failures. 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's not part of his plans to save the planet. Lucas Nolan is a reporter for Breitbart News covering issues of free speech and online censorship. While the global climate change initiative is trying to reduce total emissions by the year 2050, the year 2030 is also important. Either that or I had a screw loose. Michigan. Toxic chemicals known as PFAS, or per- and, 2 hours, 2 minutes. In fact, he reportedly owns more farmland than any other individual in America. Gates' interest in farmland is still strong. The explanation offered by conspiracy theorists for this untrue claim was that these fires were being intentionally set in order to create a food crisis. Donald Trump is back on Twitter, thanks to Elon Musk. 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. 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. In 2016, he wrote on his blog about the benefits of raising chickens, particularly for people living in poverty. Best Farmland Investing Platforms Non-Accredited, Best Canadian Farmland Investing Platforms. 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 (AP Images) Bill Gates is buying up America's farmland. . In 1994, Bill Gates opened up his family office, Cascade Investment LLC, with trusted wealth manager Michael Larson. Today, Bill Gates owns 242,000 acres of farmland in 19 states. The Michigan State University shooter is a 21-year-old man named Lynn Dee Walker. Bill GatesWith almost 269,000 acres, Bill Gates retained his ranking as Americas largest private farmland owner. The main factor driving the nationwide price hikes and supply shortages, according to the U.S. Department of Agriculture, is a U.S. avian influenza, or bird flu, outbreak. According to Redfin, single-family housing represented over 70% of the properties purchased by investors in the third quarter of 2021 (here). (here) (here). There isn't some grand scheme involved - in fact, all these decisions are made by a professional investment team.. Perhaps Bill Gates is looking to test out his GMO seeds. Gates owns less than 1% of the nations farmland. 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.. As per the Land report and NBC report, Gates has farmlands in Louisiana, Nebraska, Georgia and other areas. 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. This article was produced by the Reuters Fact Check team. So while Dan Gilbert owns the most property downtown, his 30-odd buildings seem small compared to what Kelly, Tatarian, Moroun, and others own. The. In their Big Bet, they recognize that the impoverished people stand to be impacted the most by these changes. FPI is internally managed and the company owns farms in 16 states, including Alabama, Arkansas, California, Colorado, Florida, Georgia, Illinois, Kansas, Louisiana, Michigan, Mississippi,. Because of this crucial factor inherent to farmland, it also tends to provide better, consistent returns during times where inflation rises another scenario where more traditional assets like stocks and real estate suffer in. Gates private office, Gates Ventures, told PolitiFact this claim is false. What Land Does Bill Gates Own In Michigan? Heres why. An ingredient in some of Chick-fil-As dipping sauces can cause serious health problems. Avian flu is highly infectious, can spread rapidly from flock to flock, and can often kill chickens. Bill is now the biggest owner of farmland in 2022 a great hedge asset against rising inflation. Bill Gates is best-known for cofounding Microsoft, but he's also a major US landowner, having bought 275,000 acres of farmland. 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. 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. No, its the Roman Catholic Church. In 2020, Gates made headlines for becoming the largest private farmland owner in the U.S. There were 895.3 million acres of farmland in America in 2021, according to a 2022 reportfrom the Department of Agriculture. Thus, in Gates mind, its extremely important to help empower these developing peoples before that year comes to fruition. Bill and Melinda released their latest initiative, Bill Gates Big Bet, where the Foundation states theyre betting on the major success of developing nations within the next 15 years, hoping to see more improvement than at any time in history. (Read more about our partnership with Meta, which owns Facebook and Instagram.). Thetech billionaire owns69,071 acres inLouisiana,47,927 acres inArkansas, and 20,588 acres inNebraska. 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. 28. Eggs have become expensive and scarce in some parts of the country. 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. 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. Recently, NBC News reported that Bill Gates along with his estranged wife Melinda Gates had acquired more than 269,000 acres of farm in the United States in the past 10 years. 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. No one but Bill Gates knows that answer. The mogul's holdings include large tracts in Illinois, Iowa, Louisiana, California, and about a dozen other states. Should we be worried about a tech giant like Bill Gates amassing this wild amount of land? Gates believes that subsistence farmers and impoverished peoples will be among the most affected by climate change. With all of this recent farmland accumulation, one might think Gates is using this land to research these gene edited super seeds. In his annual Reddit AMA Wednesday, Gates was asked why he has bought so much farmland. With more productive seeds we can avoid deforestation and help Africa deal with the climate difficulty they already face. Corn production is concentrated in the Lower Peninsula with Saginaw and Lenawee counties as Michigans largest producers. - Farmland Riches where is bill gates' farmland in michigan. Bill Gates just bought almost 3,000 more acres of farmland in North Dakota, a purchase that was eventually cleared by the North Dakota Attorney General even though it raised numerous questions about his intentions and why he has been buying up over a hundred thousand acres of American farmland. 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. How Old Do I Have To Be To Go To A Strip Club In Michigan? Gates does own a lot of farmland. Costs are expected to fall in the coming weeks as egg-laying flocks are restored. Gates started purchasing farmland circa 2013 through his investment group, Cascade Investments. But these companies do not own a majority of U.S. single-family homes. Think about how much Bill Gates would have lost if he hadn't diversified in 1999. In Washington, the duo owns more than 14,000 acres of farmland that includes potato . Bill Gates owns more private farmland in the US than anyone else, an analysis by The Land Report found. While private companies and corporations are increasing . You can find his previous stuff at Gizmodo and Paste if you look hard enough. Official: Michigan State gunman had note threatening 2 New Jersey schools. Tue, Feb 28, 2023 LOGIN . But the fact remains, as the Daily Mail notes, Gates computer "nerd" and . Bill Gates: Americas Top Farmland Owner | The Land Report. Gates personal farmland portfolio is managed by Michael Larson and Cascade Investment. Or, have more control over the resources we all use and need. Investors from the Netherlands own 33% of that land with Canadians owning 25%. By 2019, the USDA says foreign ownership of U.S. acres exceeded 35.2 million acres, a 60 percent increase from the decade prior. Prior to this in 1999, Bill sold off tons of Microsoft stock to diversify. Washington, DC While Gates is still the top farmland owner in the U.S., not all of the property he owns is farmland. 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. 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). According to a January 2021 article by The Land Report, Gates owned 242,000 acres of farmland through two investment management firms - Cottonwood Ag Management and Cascade Investment (here). Recently, Bill Gates has purchased 300,000 acres of farmland, you would think that buying all of the farmland would be bigger news than Elon Musk buying all of Twitter (here). 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. You're looking into Bill Gates' Red River Trust purchase of . 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. Bill Gates gobbling up Florida farmland; investment arm recently paid $28M for 4,500-acre tract. Bill Gates was right when he sold his own Microsoft stock to diversify through Cascade in 1994. for different crops that have been gene edited to be pest-proof, flood proof, disease proof, and climate change-resistant. 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. Their low fees and competitive returns set them apart from many of the other platforms out there. Oct 22, 2014. ", Gates responded at the time, "My investment team bought the farmland. 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. Climate Connection. 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. Bill and Melinda Gates also cracked the Land Report's Top 100 Landowners for the first time coming in at number 49. FILE - Bill Gates attends a discussion during the 'Munich Security Conference' in Munich, Germany, Friday, Feb. 18, 2022. Egg prices havent come down with inflation. Stay up to date with what you want to know. "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 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. Purchasing your own farm outright means that you are not diversified across many farms; just 1. The 2,100 acre potato farm adds to his massive portfolio of farm investments. Gates appears to be pro-chicken farming. No one but Bill Gates knows that answer. Real estate investors overall have also been increasingly targeting single-family homes. Snopes and the Snopes.com logo are registered service marks of Snopes.com. Now Chinese companies and businessmen are planning to make their home in the United States. The tweet had gathered over 215,000 likes at the time of writing. 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. 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. Estes, Nick. 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. 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