Bill Gates Is the Biggest Private Owner of Farmland in the United States. 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. Bill and Melinda Gates also cracked the Land Report's Top 100 Landowners for the first time coming in at number 49. The transitional land he owns in Arizona is reportedly being built into a suburb .. According to 2021 article from the Land Report, a magazine about land. In a March 2021 "Ask Me Anything" session on Reddit, Gates was asked why he had purchased so much farmland. Heres why. Gates and his wife own 269,000 acres of farmland. Will Bill Gatess green tech initiatives ever intersect with his growing agricultural empire? KX News' Josh Meny sat down with Vogel who says the Attorney General's office is impeding her investigation into the purchase. Over time, Gates sold personal stock in Microsoft and. In the past 20 years, the foundation has grown to hold over $48 billion. Washington, DC Gates responded: "I own less than 1/4000 of the farmland in the US. Stay up to date with what you want to know. Oct 22, 2014. Gates and his investment team own more than 240,000 acres, as reported by OKeefe, including 2,167 acres in Michigan. Bill Gates does not own the majority of U.S. farmland. But there is no evidence these investments are linked to a nationwide shortage in chicken and egg products. Bill Gates Uses Farmland as an Investment Outlet Buying up Potato, Carrot and Onion Farms. NBC News, https://www.nbcnews.com/tech/tech-news/mcdonald-s-french-fries-carrots-onions-all-foods-come-bill-n1270033. 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. For context, Invitation Homes and American Homes 4 Rents combined homes would be less than 1% of the 17.16 million homes, if total housing numbers stayed the same in the last three years. Gates does own a lot of farmland. Land Values: Here's a look at the top 10 absentee landowners in central Illinois, and where they own farmland. 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. Access your favorite topics in a personalized feed while you're on the go. Alongside his investments, Gates has also purchased farmland in at least 19 states, according to The Land Report. Is Farmland Partners (FPI) A Good Investment? Donald Trump is back on Twitter, thanks to Elon Musk. 3. As of 2020, industry reports show he owned about 0.027% of U.S. farmland. The financial crisis later in that same decade prompted an explosion of investments into farmland when monetary safe havens became scarce. Agriculture and the National Bureau of Agricultural Statistics, in the United States there are 362,315,055 hectares of farmland. 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. 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. Gates does not own anywhere close to the majority of America's farmland. The mainland Chinese company Sino-Michigan Properties LLC has paid $1.9 million for 200 acres of undeveloped land in Milan, Michigan. 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. Partnering with Monsanto to create these super seeds is also part of the plan. Is Gladstone Land Corp (LAND) A Good Investment? Officially, the general public doesnt know exactly what Bill Gates growing farmland estate is being used for. Then, on Tuesday, the North Dakota attorney general's office sent a letter to the Red River Trust notifying a trustee, Peter Headley, of a Depression-era rule barring companies, LLCs, and trusts from farming and ranching activities in the state. He has also been aproponent of chicken farming. More surprising, however, was the fact that Bill and Melinda Gates own more private farmland . 2021. The . Bill left most of his professional work at Microsoft at this time to work with Melinda and the foundation. Stay up to date with what you want to know. One of the more colorful theories pertains to Gatess strange interest in U.S. agriculture, with rumors that the former Microsoft CEO owns upward of 80 percent of farmland in the United States. Gates farmland now totals 242,000 acres. North Dakota Agriculture Commissioner Doug Goehring spoke with KFYR, stating that the public reaction to the purchase has been negative. He has been buying thousands of acres across America. Drinking or using tap water treated with chlorine is dangerous because chlorine is a poison., Obama imposed stricter rules on trains carrying toxins. 22. Due climate change, dry seasons will be drier, and wet seasons will be more intense, and bring more flooding. Your membership is the foundation of our sustainability and resilience. The Agriculture Department estimates there are more than 895 million acres of farmland in the U.S., making Gates share 0.028%. 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. 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. 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. He recently tried to explain why, and it was a little hard to follow. His . Costs are expected to fall in the coming weeks as egg-laying flocks are restored. 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. Billionaire philanthropist and Microsoft Corp. co-founder Bill Gates has found himself at the center of yet another online conspiracy theory. 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. Photo of electric charging station powered by diesel generator is emblematic of the electric vehicle movement. According to The Land Report, the Microsoft co-founder owns farmland across 18 states, with the largest holdings being in Louisiana (69,071 acres), Arkansas (47,927 acres) and Nebraska (20,588. 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. Estes, Nick. 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 massive parcels of farmland. Some of the links on this site are affiliate links. (here). In his Reddit AMA last year, one user said, "What do you plan to do with all the farmland you have purchased? Since his divorce, it is unclear how the assets were split up between the couple. Why am I just learning about this NOW?. 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. The report states that Gates has 70,000 acres of land in North Louisiana where they grow soybeans, corn, cotton. 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. In 2020, there were 166 such funds globally, nearly a 9x increase from only 19 in 2005. Bill is now the biggest owner of farmland in 2022 a great hedge asset against rising inflation. 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. How old do you have to be to strip? In fact, he reportedly owns more farmland than any other individual in America. Weyerhaeuser purchase Plum Creek in 2015 for over $8 Billion! 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). All quotes delayed a minimum of 15 minutes. These posts were flagged as part of Instagrams efforts to combat false news and misinformation. There were 895.3. 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). It is not connected to climate. (here) (here). In 1999, Cascade Investment made an interesting decision: Gates sold over 7 million personal Microsoft shares to further diversify his portfolio. Age Requirements Most ordinances require, Huckleberries are small bright blue, or dark blue, or black berries which grow wild near marshes in Michigan. Well, as with everything in life, there is always a trade-off especially in finance. Please let us know if you're having issues with commenting. In his annual Reddit Ask Me Anything session on Wednesday, Gates was asked why he has made all of his farmland purchases.
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