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Alongside his investments, Gates has also purchased farmland in at least 19 states, according to The Land Report. As of 2022, he owned 248,000 acres of farmland across more than a dozen states, but this accounts for less than 1% of the total farmland in the U.S. Bill Gates speaks during the Global Fund's Seventh Replenishment Conference, Wednesday, Sept. 21, 2022, in New York. 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. (here). The figure is far below the total area of U.S. farmland. Valuations of equities (stocks) are at all time highs, similar to the dot-com bubble. In Washington, the duo owns more than 14,000 acres of farmland that includes potato . .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. 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. Pregnancy tests include a hidden Plan B pill. An archived version of the tweet can be found (archive.ph/8Tq36). Other factors are pandemic-related supply chain issues andholiday demand. Gear-obsessed editors choose every product we review. 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. Farmland as an investment offers low volatility. Prior to this in 1999, Bill sold off tons of Microsoft stock to diversify. Official: Michigan State gunman had note threatening 2 New Jersey schools. Lower-than-usual egg inventories near the end of the year, when demand is up from holiday baking, resulted in several successive weeks of record-high egg prices, the department said. What does Weyerhaeuser have to do with Michigan? Gates does not own anywhere close to the majority of America's farmland. But there is no evidence these investments are linked to a nationwide shortage in chicken and egg products. What Bill Gates has to do with livestock, lab-grown meat, Eggflation? Today, Bill Gates owns 242,000 acres of farmland in 19 states. It was a cold January day in 2021 when Eric O'Keefe, editor and founder of The Land Report, walked up to the podium at the Land Expo in Iowa and announced Bill Gates as America's largest individual farmland owner.He learned this after investigating Gates' purchase of the 100 . The Gates Foundation has seen steady success and growth since their launch, funding science, research, agriculture and education. (AP). Read more about our work to fact-check social media posts here . 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. The Agriculture Department estimates there are more than 895 million acres of farmland in the U.S., making Gates share 0.028%. By clicking Sign up, you agree to receive marketing emails from Insider Gates does not own the majority of U.S. farmland. 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. Bill Gates investments in farmland can be seen as part of this trend. According to lovemoney.com, the church owns more than 70 million hectares. Water bills are soaring in some areas as infrastructure deteriorates, a recent University of Michigan study found. China has steadily accumulated U.S. Treasury securities over the last few decades. 11 Jan. 2021, https://landreport.com/2021/01/bill-gates-americas-top-farmland-owner/. Who knows. Gates' 242,000 acres amounts to about 0.03% of the total. 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). 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. Oftentimes, those fingers get pointed at Gates. Cascade Investment began purchasing farmland in significant strides in 2013. 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). He has been buying thousands of acres across America. While there are currently no nationwide food shortages in the United States, nor widespread disruptions in the supply chain, the potential of such shortages caused many people to feel that their food security was suddenly uncertain. The Bill & Melinda Gates Foundation is focused partly on agricultural development to support farmers in sub-Saharan Africa and South Asia. These claims are not true. 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. As of the latest Rental Housing Finance Survey (2018), there were 19.955 million rental properties in the United States (bit.ly/3FdPtKZ), 17.16 million of them single unit rental properties (bit.ly/3KLCjWH). By Jenna Hoffman July 5, 2022. Deals are highly vetted with around a 1% acceptance rate, You pick and choose what specific farms you want to invest in, Investors do not have access to a secondary market yet, so you should be familiar with the time horizon. Which Billionaire Owns The Most Land In The U.S.? In 1999, Cascade Investment made an interesting decision: Gates sold over 7 million personal Microsoft shares to further diversify his portfolio. 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. Due climate change, dry seasons will be drier, and wet seasons will be more intense, and bring more flooding. While much of this land was transferred to the new state of Hawaii in 1959, the federal government did keep some. The 2,100 acre potato farm adds to his massive portfolio of farm investments. 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. How much land does Russia own in the United States? Who is the largest farmer in the United States? 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. North Dakota officials have questions and residents are furious about a major land grab by a trust linked to billionaire and anti-meat zealot Bill Gates, the nation's biggest owner of farmland. Farmland originally appeared on Benzinga.com. Representatives for Gates did not immediately respond to messages from Insider requesting comment. Sign up for notifications from Insider! 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. The Michigan State University shooter is a 21-year-old man named Lynn Dee Walker. But these companies do not own a majority of U.S. single-family homes. Any why now after years of massive success? 1800 I Street NW 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. With all of this recent farmland accumulation, one might think Gates is using this land to research these gene edited super seeds. a Reddit user asked. All rights reserved. His . The 2,100 acre potato farm adds to his massive portfolio of farm investments. 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). Think about how much Bill Gates would have lost if he hadn't diversified in 1999. In his annual Reddit Ask Me Anything session on Wednesday, Gates was asked why he has made all of his farmland purchases. 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 . Gates and his investment team own more than 240,000 acres, as reported by O'Keefe, including 2,167 acres in Michigan. He has invested in multiple companies developing artificial or plant-based alternatives to meat, but he supports chicken farming and agricultural development. He has also been aproponent of chicken farming. The cost of chicken has also gone up, although not as drastically. 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. The Gates Foundation has focused their efforts on alleviating the aftermaths of climate change since its founding. Every single Republican blocked Ketanji Brown Jacksons SCOTUS appointment.. Tue, Feb 28, 2023 LOGIN . What Land Does Bill Gates Own In Michigan? Gates farmland now totals 242,000 acres. By Dec. 31, 2022, the Agriculture Department reported 43 million egg-laying hens had died because of the disease or depopulation. AcreTrader has carved out a niche for themselves that has led to rapid market dominance. In a world of wild talk and fake news, help us stand up for the facts. 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. From the beginning, Cascade Investments focused on blue chip defensive stocks, including Four Seasons, Berkshire Hathaway, Coca Cola, and more. Age Requirements Most ordinances require, Huckleberries are small bright blue, or dark blue, or black berries which grow wild near marshes in Michigan. 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. One main benefit to alt assets especially for those whore heavily invested in the stock market is you can diversify your overall investment portfolio outside the NYSE/NASDAQ. Who owns the most property in Detroit Michigan? I have invested in these farms to make them more productive and create more jobs. Bill Gates owns a minimum of 242,000 acres of U.S. farmland in Washington, Illinois, Iowa, Louisiana, California and multiple other states. 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). Using those figures, Gates would own about 0.027% of U.S. farmland. This is because of more intense seasons of drought and rain. F' off Gates! 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. KX News' Josh Meny sat down with Vogel who says the Attorney General's office is impeding her investigation into the purchase. Or, have more control over the resources we all use and need. We may earn commission if you buy from a link. I have invested in these farms to make them more productive and create more jobs. Amazon founder Jeff Bezos . Avian flu is highly infectious, can spread rapidly from flock to flock, and can often kill chickens. Oversight," June 15, 2018, The Chicago Tribune, "Chicken nuggets and cream cheese grow in trays in a South Side lab. 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. Michigan. Michigan Muslim Group Warns State That LGBTQ Bill Might Be Unconstitutional CAIR has objected to the Michigan Senate's passage of an expanded version of a state human-rights law protecting LGBTQ . There were 895.3. The mainland Chinese company Sino-Michigan Properties LLC has paid $1.9 million for 200 acres of undeveloped land in Milan, Michigan. Try the tool that will help you invest smarter, faster, and better. 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.. 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. Corn production is concentrated in the Lower Peninsula with Saginaw and Lenawee counties as Michigans largest producers. 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. 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. Amazon founder and chairman Jeff Bezos has amassed 420,000 acres in recent years. 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. "With more productive seeds we can avoid deforestation and help Africa deal with the climate difficulty they already face. 309. Bill Gates owns massive parcels of farmland. This informational is by no means a promotion, solicitation, or recommendation of any specific investment. 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. Of those states, Gates owns the most land in Louisiana, where he is proprietor of more than 69,000 acres. Read next:Bezos-Backed Startup Lets You Become A Landlord With $100. 2021. The agriculture sector is important," Gates wrote. Access your favorite topics in a personalized feed while you're on the go. - Farmland Riches where is bill gates' farmland in michigan. The tide began to shift in the early 2000s, when institutional investors began to give farmland a closer look. Gates said during a Reddit AMA: My investment group chose to do this. What Part Of Michigan Is Considered The Upper Peninsula? Momentum accelerated during the 2008-2009 Great Financial Crisis, when investors grew desperate for alternatives to traditional safe haven investments like bonds and gold. Billionaire Bill Gates explains why he buys a lot agricultural land - Photo: BENZINGA. I had heard this in the past, but didn't give it much thought. 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 social media users are claiming recent national chicken and egg supply shortages are the culmination of a decadelong plot by Gates. According to a 2022 report from the U.S. Department of Agriculture and the National Agriculture Statistics Service, there are 895,300,000 acres of farmland in the U.S. Gates owns roughly 242,000 acres, about 0.03% of the total. He created the pledge in 2010 with his then-wife, Melinda French Gates, and his close friend and Berkshire Hathaway CEO, Warren Buffett. 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. Our office needs to confirm how your company uses this land and whether this use meets any of the statutory exceptions, such as the business purpose exception, so that we may close this case and file it in our inactive files, the letter added. Will Bill Gatess green tech initiatives ever intersect with his growing agricultural empire? Now Chinese companies and businessmen are planning to make their home in the United States. But that's just a portion of the vast holdings Gates and his ex-wife, Melinda French Gates, own from sea to shining sea. While many have also speculated that Gates' land purchases were in some way related to his efforts to curb climate change, Gates has said that the two are unrelated. The buyer, Red River Trust, is tied to Bill Gates, the largest farmland owner in the US. Neither of these are a perfect option. How Old Do I Have To Be To Go To A Strip Club In Michigan? BlackRock is a shareholder in both companies (here) (here). 2023 Benzinga.com. These posts were flagged as part of Instagrams efforts to combat false news and misinformation. Bill Gates owns a ton of farmland in the United Statesas in, about 270,000 acres. 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. 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%. 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. Gates believes that subsistence farmers and impoverished peoples will be among the most affected by climate change. The publication named Gates the countrys largest private farmland owner in 2020, 2021 and 2022. Suggests virologists death is linked to COVID-19 vaccines. 420,000 acresBill and Melinda Gates prior to their divorce accumulated roughly 270,000 acres of farmland in less than a decade. 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.