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Gates does own a lot of farmland. There were 895.3. 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. False. Pregnancy tests include a hidden Plan B pill. It was near-perfect timing too, as 2000 would quickly see the infamous tech crash of dot com stocks. 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. It has been very fulfilling for me and is my full time job," Gates continued. We may earn commission if you buy from a link. From the beginning, Cascade Investments focused on blue chip defensive stocks, including Four Seasons, Berkshire Hathaway, Coca Cola, and more. In 2016, he wrote on his blog about the benefits of raising chickens, particularly for people living in poverty. 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. In his Reddit AMA last year, one user said, "What do you plan to do with all the farmland you have purchased? 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. 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. However, Microsoft wasn't Bill Gates' only successful venture. 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. Amazing, if truebut its extremely not. FPI is internally managed and the company owns farms in 16 states, including Alabama, Arkansas, California, Colorado, Florida, Georgia, Illinois, Kansas, Louisiana, Michigan, Mississippi,. In fact, he reportedly owns more farmland than any other individual in America. 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. In 1994, Bill Gates opened up his family office, Cascade Investment LLC, with trusted wealth manager Michael Larson. Read also:Which Billionaire Owns The Most Land In The U.S.? as well as other partner offers and accept our. Data gathered by The Land Report and NBC News show that their land holdings range from 70,000 acres in north Louisiana, where their farmland grows soybeans, corn, cotton and rice, to 20,000 acres . About 350,000 acres of the U.S. government land in Hawaii were kept for military installations and national parks. Not only was he no longer reliant on his own companys success for his own personal wealth, but he set himself up to make even bigger moves in the decades to come. But the fact remains, as the Daily Mail notes, Gates computer "nerd" and vaccination enthusiast "has been revealed as the biggest private owner of farmland in the US, after buying up 242,000 acres in 18 states.". These allow investors to get stared with as little as $10,000. He has invested in multiple companies developing artificial or plant-based alternatives to meat, but he supports chicken farming and agricultural development. 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. While viral conspiracy theories baselessly conjecture that Gates is buying up farmland in order to starve Americans for some unknown reason, there's likely a simpler explanation: Gates makes money off this land. Nov 14, 2022. He recently tried to explain why, and it was a little hard to follow. Bill Gates currently owns over 268,000 acres of American farmland spread out over 19 states. 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. 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. Another meme circulating online reads: Bill Gates is buying all the farmland. Merged from the William H. Gates Foundation and the Gates Learning Foundation, The Bill and Melinda Gates Foundation quickly became the largest private foundation in history. 20006, Florida to not use their land, is working towards their real agenda. The Land Report found in 2021 that the Gateses had 242,000 acres of farmland, 1,234 acres of recreational land, and 25,750 acres of land in transition from farmland to residential and commercial use (think suburban development). 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. Who owns the most property in Detroit Michigan? In April 2022, conspiracy theorists insinuated that billionaire Bill Gates was buying up "the majority" of American farmland as part of a diabolical plot to cause widespread food shortages. He has also been aproponent of chicken farming. AcreTrader has carved out a niche for themselves that has led to rapid market dominance. "Those people are upset, but there are others that are just livid about this.". 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. Instead, he mostly acts like a landlord and allows professional farmers to keep doing their thingeven if those practices are ruinous to the environment. Gates owns less than 1% of the nations farmland. 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. Read more about our work to fact-check social media posts here . The No. 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. 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. The figure cited by The Land Report was subsequently reported by major news outlets including Business Insider and Forbes (here), (here). His . I had heard this in the past, but didn't give it much thought. What Bill Gates has to do with livestock, lab-grown meat, Eggflation? Are you ready for alternative proteins made from a volcanic microbe? 22. Gates has been asked about his farmland purchases before. Youre not investing in a building that will decay over time, but the rich farmland itself. Amazon founder Jeff Bezos . Satellites are on balloons and not in space.. What is the most profitable crop in Michigan? 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). While much of this land was transferred to the new state of Hawaii in 1959, the federal government did keep some. The billionaire cant seem to do anything without drawing the conspiratorial ire of online netizens. The financial crisis later in that same decade prompted an explosion of investments into farmland when monetary safe havens became scarce. There were 895.3 million acres of farmland in America in 2021, according to a 2022 reportfrom the Department of Agriculture. The U.S. Federal Government. Reuters traced the figure cited by social media posts as the number of acres owned by Bill Gates to The Land Report, which reports on major land ownership in the United States. (here). Purchasing your own farm outright means that you are not diversified across many farms; just 1. Who owns the most farmland in the world? 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. Momentum accelerated during the 2008-2009 Great Financial Crisis, when investors grew desperate for alternatives to traditional safe haven investments like bonds and gold. There isn't some grand scheme involved - in fact all these decisions are made by a professional investment team.". Bill Gates reportedly owns more farmland than anyone else in the United States. The agriculture sector is important," Gates wrote. 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. Snopes and the Snopes.com logo are registered service marks of Snopes.com. In Washington, the duo owns more than 14,000 acres of farmland that includes potato . 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. Does this investment say anything about the state of the. At the turn of this century, Chinese owners owned about 192,000 acres of farmland in the U.S., according to the USDA. Due climate change, dry seasons will be drier, and wet seasons will be more intense, and bring more flooding. They ripen in late July and early. However, there are also countless farmland investing platforms gaining traction now too. He's the new MacDonald: Bill Gates owns hundreds of thousands of acres across the United States including 242,000 acres of farmland making him the country's top agricultural landholder, according to Eric O'Keefe's The Land Report. 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. The old saying about land is they aren't making any more of it. Supply and demand? Amazon founder and chairman Jeff Bezos has amassed 420,000 acres in recent years. Access your favorite topics in a personalized feed while you're on the go. Other noteworthy farmland investors include Ted Turner and Thomas Peterffy. Neither of these are a perfect option. I have written several articles on postings related to Big Tech, Social Media and Corporations. Accessed 28 Apr. (here). In a world of wild talk and fake news, help us stand up for the facts. To put it into perspective, if all of Gates land was in one place, it would cover about 25% of Rhode Island. as well as other partner offers and accept our. Gates personal farmland portfolio is managed by Michael Larson and Cascade Investment. 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 . By Rebecca . There isn't some grand scheme involved - in fact, all these decisions are made by a professional investment team.. Benzinga does not provide investment advice. 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. Bill Gates Uses Farmland as Investment Vehicle, Owning 269,000 Acres of Land. NBC News, https://www.nbcnews.com/now/video/bill-gates-is-nation-s-largest-farmland-owner-114566213692. Mar 4, 2009. Gates said during a Reddit AMA: My investment group chose to do this. Bill Gates owns a minimum of 242,000 acres of U.S. farmland in Washington, Illinois, Iowa, Louisiana, California and multiple other states. See here for a complete list of exchanges and delays. Should we be worried about a tech giant like Bill Gates amassing this wild amount of land? As of 2020, industry reports show he owned about 0.027% of U.S. farmland. You can find his previous stuff at Gizmodo and Paste if you look hard enough. 1 landowner in the U.S. is billionaire John Malone, the chairman of Liberty Media, who tops . 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. State law prohibits corporations, LLCs, and trusts from farming or ranching activities. While Microsoft took a major hit in the tech crash of 2000, Bill Gates portfolio with Cascade would gain around 40% return in that same year. Gates private office, Gates Ventures, told PolitiFact this claim is false. Who is the largest farmer in the United States? Farmland as an investment offers low volatility. 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. In his annual Reddit Ask Me Anything session on Wednesday, Gates was asked why he has made all of his farmland purchases. 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. However, the Gates Foundation has been largely transparent at every level of their operations from their objectives, means, successes, and failures. If youve been on the fence about getting into farmland, maybe now is the time to reconsider. Cascade Investment began purchasing farmland in significant strides in 2013. How many farms Does Bill Gates Own? Table of Contents show Chicken nuggets and cream cheese grow in trays in a South Side lab. Best Farmland Investing Platforms Non-Accredited, Best Canadian Farmland Investing Platforms. Farmland originally appeared on Benzinga.com. Recently, an article in Land Report stated that Bill Gates owns more American farmland than anyone else. Billionaire philanthropist and Microsoft Corp. co-founder Bill Gates has found himself at the center of yet another online conspiracy theory. Gates' interest in farmland is still strong. How can this inform our personal investment decisions? To better understand these questions, it's helpful to review Bill Gates' financial decision through the years, especially as it relates to Microsoft, Cascade Investments, and The Bill and Melinda Gates Foundation. Lucas Nolan is a reporter for Breitbart News covering issues of free speech and online censorship. Alongside his investments, Gates has also purchased farmland in at least 19 states, according to The Land Report. 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' farmland purchases, which have mostly been made in the last five years, started in 2017 when he bought $520 million of farmland spread over five dozen properties from the Canada. I have invested in these farms to make them more productive and create more jobs. He owns 242,000 acres, which is equivalent to the area of Fannin County GA. 727-821-9494. stated on January 22, 2023 in an Instagram post: The U.S. chicken and egg shortage is linked to Bill Gates. Conspiracy Theorists claimed last year that the Microsoft founder was buying up farmland in the U.S. to starve Americans for some unknown reason, Snopes said, after researchers said in April that the world was facing a potential food shortage due to Russias invasion of Ukraine. Nancy Pelosi (purchased) 10,000 shares of Amgen, manufacturer of Nplate, a drug used to treat radiation sickness.. Don't miss real-time alerts on your stocks - join Benzinga Pro for free! Follow him on Twitter@LucasNolanor contact via secure email at the addresslucasnolan@protonmail.com, EconomyPoliticsTechBill GatesFarmersfarmlandNorth Dakota. Bill Gates owns more private farmland in the US than anyone else, an analysis by The Land Report found. By divesting his personal wealth from his own thriving tech company, and diversifying into myriads of other non-tech based businesses, Merged from the William H. Gates Foundation and the Gates Learning Foundation, The Bill and Melinda Gates Foundation quickly became. An entity linked to billionaire Bill Gates has reportedly purchased 2,100 acres of potato farmland in northern North Dakota angering local residents. 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. Bill Gates is well-known for building Microsoft, but it's a lesser-known fact that he's also the biggest private landowner in the US. ", Gates responded at the time, "My investment team bought the farmland. Please let us know if you're having issues with commenting. Gates' interest in farmland is still strong. Gates and his investment team own more than 240,000 acres, as reported by OKeefe, including 2,167 acres in Michigan. In a statement to Reuters, editor of The Land Report and author of the article published by the outlet on farmland owned by Gates, Eric O Keefe, called the claim absurd.. 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.