The biggest chunks of Gates' holdings are in Louisiana and Arkansas, where he owns 69,071 acres and 47,927 acres, respectively, the outlet's research found. Bill left most of his professional work at Microsoft at this time to work with Melinda and the foundation. Suggests that since mostly Democrats vote early then that represents made-up ballots or dead people voting.. He owns significantly more farmland than Minnesota's Offutt family and California's Resnick family, which each own 190,000 acres and rank second equal on the list. #1. He owns 242,000 acres, which is equivalent to the area of Fannin County GA. District of Columbia With over 242,000 acres of farmland, Bill Gates is America's biggest farmland owner, and his ownership may be connected to climate change and plant-based meat substitutes. Gates, currently the sixth-richest person in the world, has a net worth of $111 billion, according to the Bloomberg Billionaires Index. Last year, Gates vowed to give away "virtually all" of his fortune to the philanthropic foundation he runs with French Gates. The Gates Foundation has seen steady success and growth since their launch, funding science, research, agriculture and education. Bill Gates, Sustainable Agriculture Champion, Is America's Biggest 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). St. Petersburg, FL Read next:Bezos-Backed Startup Lets You Become A Landlord With $100. The Consumer Price Index shows chicken prices, including fresh whole chicken and fresh or frozen chicken parts, have increased 11% over the last year. Recently, an article in Land Report stated that Bill Gates owns more American farmland than anyone else. Momentum accelerated during the 2008-2009 Great Financial Crisis, when investors grew desperate for alternatives to traditional safe haven investments like bonds and gold. AREA 8 CASH CROPS AND DAIRY Area 8 is the leading cash crop area in Michigan. How Long Can You Be Held Without Bond In Michigan? Bill Gates uses farmland as an investment outlet buying up - NBC News Farmland has some natural built-in drawbacks for all of the built-in benefits: Just 20 years ago, it was difficult to invest in farmland if you werent already independently wealthy. Or, have more control over the resources we all use and need. A $13.5 million purchase of a North Dakota potato farm is drawing outrage and legal scrutiny. 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. This informational is by no means a promotion, solicitation, or recommendation of any specific investment. According to 2021 article from the Land Report, a magazine about land ownership, Gates owns approximately 242,000 acres of farmland. Based on Bill Gates budding friendship with Warren Buffett, Cascade adopted much of Buffets approach to investing: invest in good companies, and hold long term to see healthy returns. Bill Gates: Der grte Eigentmer von Farmland in den USA In the Reddit AMA, he also said he'll sell what he owns as money goes towards the foundation. 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. 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. Other factors are pandemic-related supply chain issues andholiday demand. Purchasing your own farm outright means that you are not diversified across many farms; just 1. TheNew York Post reportsthat public records recently cited by AgWeek reveal that an entity called Red River Trust with links to billionaire Bill Gates recently purchased 2,100 acres of potato farmland in northern North Dakota, prompting state officials to intervene after complaints from local residents. 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. You're looking into Bill Gates' Red River Trust purchase of . According to lovemoney.com, the church owns more than 70 million hectares. But there is no evidence these investments are linked to a nationwide shortage in chicken and egg products. (here). Bill Gates, the billionaire founder of Microsoft, has been revealed as the biggest private owner of farmland in the US, after buying up 242,000 acres in 18-states. His largest holding is in Louisiana (69,071 acres), followed by Arkansas (47,927 acres) and Arizona (25,750 acres). Other noteworthy farmland investors include Ted Turner and Thomas Peterffy. North Dakota Investigates Farmland Purchases by Trust Linked to Bill Gates As of 2020, industry reports show he owned about 0.027% of U.S. farmland. Top editors give you the stories you want delivered right to your inbox each weekday. The tide began to shift in the early 2000s, when institutional investors began to give farmland a closer look. By clicking Sign up, you agree to receive marketing emails from Insider 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. To put it into perspective, if all of Gates land was in one place, it would cover about 25% of Rhode Island. Hearst Magazine Media, Inc. All Rights Reserved. Their low fees and competitive returns set them apart from many of the other platforms out there. These subsistence farmers can order equipment and seeds they need, paying what they can over a longer period of time. Instead, he mostly acts like a landlord and allows professional farmers to keep doing their thingeven if those practices are ruinous to the environment. But unlike those men, Gilbert has plans to redevelop his properties and not just sit on them. Bill and Melinda Gates also cracked the Land Report's Top 100 Landowners for the first time coming in at number 49. 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. 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. How long is it from Michigan to Detroit? There isn't some grand scheme involved - in fact all these decisions are made by a professional investment team.". Does Michigan Allow Personal Tax Exemptions? Bill Gates (AP Images) Bill Gates is buying up America's farmland. He was right when he predicted the COVID-19 epidemic in 2015. 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 . Costs are expected to fall in the coming weeks as egg-laying flocks are restored. Bill Gates owns about 400 acres of farmland outside of Malmo, Nebraska, that he rents to a local farmer. 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. All quotes delayed a minimum of 15 minutes. 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 . Are you ready for alternative proteins made from a volcanic microbe? Although Gates owns these farms, he isnt changing their practices. Gates said during a Reddit AMA: My investment group chose to do this. 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. Bill Gates Bill Gates is best-known for cofounding Microsoft, but he's also a major US landowner, having bought 275,000 acres of farmland. He said he did so to make the farms "more productive" and "create more jobs," adding that it was his investment team that made the decision. 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. Heres why.," Jan. 10, 2023. However, Microsoft wasn't Bill Gates' only successful venture. I had heard this in the past, but didn't give it much thought. Bill Gates Is the Biggest Private Owner of Farmland in the United States. Supreme Court just voted to ban condoms., Says Ukrainian President Volodymyr Zelenskyy said he wants Americas sons and daughters to go die in Ukraine., In Ohio, there are 75,000 acres of farmland, fertile farmland, that are all now being poured down with acid rain., Muslims by the millions are converting to Christianity.. 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). as well as other partner offers and accept our. 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. Bill Gates explains why he buys so much farmland Egg prices havent come down with inflation. Wonderful Company cofounders Stewart and Lynda Resnick (net worth: $7.1 billion) ranked number three . Why Bill Gates' Purchase of Farmland Concerns Conspiracy Theorists Why Bill Gates is now the US' biggest farmland owner - New York Post 11 Jan. 2021, https://landreport.com/2021/01/bill-gates-americas-top-farmland-owner/. Tue, Feb 28, 2023 LOGIN . While Gates is still the top farmland owner in the U.S., not all of the property he owns is farmland. This is because of more intense seasons of drought and rain. Download free guide with advice for beginners. 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. So why does Bill Gates, and other billionaires like him, keep buying up so much farmland? This position in Microsoft was quickly funneled by Cascade Investment into this long term growth strategy. In the same way you can invest into ETFs (Exchange Traded Funds) in the stock market, there exist similar products for farmland called farmland REITs. Where does Bill Gates own farmland in Illinois? - 2023 Over time, Gates sold personal stock in Microsoft and. In this short period of time, there was a proliferation in funds that were specifically focused on farmland investing. Bill Gates Attempts to Explain Why He Bought More Farmland - Futurism However, the Gates Foundation has been largely transparent at every level of their operations from their objectives, means, successes, and failures. Interestingly enough, though the Bill and Melinda Gates Foundation is working on this agriculture initiative. In fact, in June of 2022 he secured an additional 2,100 acres of farmland in North Dakota for roughly $13.5 million. 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. With more productive seeds we can avoid deforestation and help Africa deal with the climate difficulty they already face. You can find his previous stuff at Gizmodo and Paste if you look hard enough. 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. 28. 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 These states include: Arizona - 25,750 acres; Arkansas - 47,927 acres . Bill Gates' 242,000 Acres of Farmland Could Be Split in Divorce
Deca Community Giving Project 2020,
When Did Queen Elizabeth Visit Ethiopia,
Mexico Crime Statistics By State 2021,
Billy Joel Concert Last Night,
Juan Thornhill Family,
Articles W
