. Louisiana is the top state. Costs are expected to fall in the coming weeks as egg-laying flocks are restored. Bill left most of his professional work at Microsoft at this time to work with Melinda and the foundation. In 1999, Cascade Investment made an interesting decision: Gates sold over 7 million personal Microsoft shares to further diversify his portfolio. 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. Nebraska has the third-most Gates-owned farmland in the nation. Farmland REITs have a high degree of correlation with the overall stock market, and returns tend to be lower than less liquid farmland investments. 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. Owning farmland is one of the most prudent financial investments to make now. Snopes and the Snopes.com logo are registered service marks of Snopes.com. 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. Amazon founder and chairman Jeff Bezos has amassed 420,000 acres in recent years. He recently tried to explain why, and it was a little hard to follow. Bill Gates: Americas Top Farmland Owner | The Land Report. But unlike those men, Gilbert has plans to redevelop his properties and not just sit on them. 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 . FPI is internally managed and the company owns farms in 16 states, including Alabama, Arkansas, California, Colorado, Florida, Georgia, Illinois, Kansas, Louisiana, Michigan, Mississippi,. These subsistence farmers can order equipment and seeds they need, paying what they can over a longer period of time. The Agriculture Department has said the avian flu outbreak in the U.S. is the main contributor to low inventory and high prices. Follow him on Twitter@LucasNolanor contact via secure email at the
[email protected], EconomyPoliticsTechBill GatesFarmersfarmlandNorth Dakota. Where Does Bill Gates Own Farmland in the US. Of those states, Gates owns the most land in Louisiana, where he is proprietor of more than 69,000 acres. Infected flocks are culled to prevent the flu from spreading. Check out current deals on AcreTrader now! Accessed 28 Apr. All rights reserved. Social media users are falsely claiming that Gates owns the majority of U.S. farmland. Who is the largest landowner in the world? An ingredient in some of Chick-fil-As dipping sauces can cause serious health problems. 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. Last year, Gates vowed to give away "virtually all" of his fortune to the philanthropic foundation he runs with French Gates. 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. Perhaps history is repeating itself? Essentially, by year 2030, the estimated results of what carbon emissions (and their effect on the environment) will look like in 2050 will be decided in full. 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. Should we be worried about a tech giant like Bill Gates amassing this wild amount of land? 22. 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. These states include: Arizona - 25,750 acres; Arkansas - 47,927 acres . Nov 14, 2022. The . The Gates Foundation has seen steady success and growth since their launch, funding science, research, agriculture and education. Who owns the most farm ground in the US? 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. - Farmland Riches where is bill gates' farmland in michigan. Try the tool that will help you invest smarter, faster, and better. 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. Click here to view current offerings on AcreTrader! No, its the Roman Catholic Church. Which Billionaire Owns The Most Land In The U.S.? 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. The publication named Gates the countrys largest private farmland owner in 2020, 2021 and 2022. Egg prices havent come down with inflation. Due climate change, dry seasons will be drier, and wet seasons will be more intense, and bring more flooding. Across the nation, Gates' affiliates . Photo of electric charging station powered by diesel generator is emblematic of the electric vehicle movement. Interestingly enough, though the Bill and Melinda Gates Foundation is working on this agriculture initiative. Youre not investing in a building that will decay over time, but the rich farmland itself. In 2020, Gates made headlines for becoming the largest private farmland owner in the U.S. However, Microsoft wasn't Bill Gates' only successful venture. 2021. 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. He has invested in multiple companies developing artificial or plant-based alternatives to meat, but he supports chicken farming and agricultural development. Though the Gates Foundation has spent so much time and resources on helping humanity more than any other private entity in history the sheer power their enterprise wields has drawn the attention and fear of many. With more productive seeds we can avoid deforestation and help Africa deal with the climate difficulty they already face. China has steadily accumulated U.S. Treasury securities over the last few decades. 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. Valuations of equities (stocks) are at all time highs, similar to the dot-com bubble. With the Washington state acreage and other recent additions to his portfolio,. He had accumulated more than 269,000 acres of farmland across 18 states in less than a decade. stated on February 13, 2023 in a Facebook post, Gates investments in plant-based meat and farmland. These posts were flagged as part of Instagrams efforts to combat false news and misinformation. Gates is No. 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. Sign up for notifications from Insider! In their Big Bet, they recognize that the impoverished people stand to be impacted the most by these changes. An entity linked to billionaire Bill Gates has reportedly purchased 2,100 acres of potato farmland in northern North Dakota angering local residents. Gates private office, Gates Ventures, told PolitiFact this claim is false. Our only agenda is to publish the truth so you can be an informed participant in democracy. Bill Gates currently owns over 268,000 acres of American farmland spread out over 19 states. However, there are also countless farmland investing platforms gaining traction now too. 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. 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.". Trump killed them., The Kansas City Chiefs Super Bowl win has been put on hold as NFL plans to launch an investigation on possible (performance-enhancing drug) use by Patrick Mahomes during halftime.. Eggs have become expensive and scarce in some parts of the country. Just over 70% of these were owned by individual investors. As unfounded rumors related to the cause of a yet-to-happen food crisis circulated online, many people started to point fingers at a favorite target of conspiracy theorists, former Microsoft CEO Bill Gates. There isn't some grand scheme involved - in fact all these decisions are made by a professional investment team.". How many farms Does Bill Gates Own? as well as other partner offers and accept our. Northern Kansas land sale averages $3,500 per acre. The counties with the most total acres of foreign-owned ag land are Keweenaw, Baraga and Alger. However, when you read between the lines with an objective and open mind, one can infer much. Gates farmland now totals 242,000 acres. 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. 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. We invest in the farms to raise productivity. Although Gates owns these farms, he isnt changing their practices. 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 . Who knows. There were 895.3. Farmland in am. The other major crops oats and forages are mostly fed to livestock on farms in the area. "Those people are upset, but there are others that are just livid about this.". 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. While this is certainly a lot of acreage, it represents less than 1% of all the farmland in the United States. Don't miss real-time alerts on your stocks - join Benzinga Pro for free! In that same Reddit AMA from 2021, the one where Gates separated his land investments from his sustainability initiatives, he also mentioned the importance of productive seeds to avoid deforestation as well as the production of biofuels, which relies heavily on corn, in the very same answer. Access your favorite topics in a personalized feed while you're on the go. See MCL 436.1701., Michigan taxpayers are allowed to take a number of exemptions, depending on the number of people in the taxpayers household, their ages, and other factors, If the defendant is held for more than 24 hours without being brought before the court under subsection (2), the officer in charge of the, An ORV or off-road vehicle is a motor-driven, recreational vehicle capable of driving on a range of terrains not limited to roadways and, Michigan leads the nation in tart cherry production. 28. While Gates is still the top farmland owner in the U.S., not all of the property he owns is farmland. Tue, Feb 28, 2023 LOGIN . How can this inform our personal investment decisions? It is reported that Bill Gates owns over 269,000 acres of farmland in over a dozen states, making him the largest farmland owner in America.
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