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Today, Bill Gates owns 242,000 acres of farmland in 19 states. The figure is far below the total area of U.S. farmland. According to O'Keefe, Gates isn't the only one making moves on the farmland market, especially as farm real estate value s nationwide increased 7% from 2020 to $3,390 per acre. Although Gates owns these farms, he isnt changing their practices. There isn't some grand scheme involved - in fact, all these decisions are made by a professional investment team.. According to lovemoney.com, the church owns more than 70 million hectares. Due climate change, dry seasons will be drier, and wet seasons will be more intense, and bring more flooding. The cost of chicken has also gone up, although not as drastically. Oftentimes, those fingers get pointed at Gates. Agriculture and the National Bureau of Agricultural Statistics, in the United States there are 362,315,055 hectares of farmland. Other factors are pandemic-related supply chain issues andholiday demand. 2023 Benzinga.com. a Reddit user asked. Chinas American agricultural land holdings have increased over tenfold in the last decade, and at the beginning of 2020, investments from China held $2 billion of American agricultural land. Bill Gates Is the Biggest Private Owner of Farmland in the United States. His . While the global climate change initiative is trying to reduce total emissions by the year 2050, the year 2030 is also important. The Gates Foundation has focused their efforts on alleviating the aftermaths of climate change since its founding. 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. Gates, currently the sixth-richest person in the world, has a net worth of $111 billion, according to the Bloomberg Billionaires Index. So why does Bill Gates, and other billionaires like him, keep buying up so much farmland? Why? To put it into perspective, if all of Gates land was in one place, it would cover about 25% of Rhode Island. 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. Bill Gates was right when he sold his own Microsoft stock to diversify through Cascade in 1994. In Washington, the duo owns more than 14,000 acres of farmland that includes potato . Mar 4, 2009. This article Bill Gates Finally Explains Why He's Buying So Much U.S. 28. 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. Gates and his wife own 269,000 acres of farmland. Former Microsoft CEO Bill Gates owns a majority of America's farmland. This is because of more intense seasons of drought and rain. Bill Gates currently owns over 268,000 acres of American farmland spread out over 19 states. 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 . Does this investment say anything about the state of the. 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. 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. According to 2021 article from the Land Report, a magazine about land. Bill Gates owns massive parcels of farmland. 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. Gates is just using farmland to make Agri-Tech and financial investments. Access your favorite topics in a personalized feed while you're on the go. 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. (AP). . 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. 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). It is not connected to climate. He had accumulated more than 269,000 acres of farmland across 18 states in less than a decade. This, combined with holiday demand and continued coronavirus pandemic-related supply-chain pressures, have affected the market. These claims are not true. Hint, It's Not Bill Gates. In 2018, Michigan produced 297 million bushels of corn grain, worth $1 billion. As of 2020, industry reports show he owned about 0.027% of U.S. farmland. Officially, the general public doesnt know exactly what Bill Gates growing farmland estate is being used for. Bill Gates is buying up the majority of American farmland and BlackRock is buying the majority of single-family houses but I'm supposed to believe the biggest threat to us is Elon Musk buying Twitter? one Twitter user wrote (here). Nancy Pelosi (purchased) 10,000 shares of Amgen, manufacturer of Nplate, a drug used to treat radiation sickness.. While Gates has spent billions investing in agricultural properties to make them more productive, a growing number of retail investors are getting a piece of the real estate market with as little as $100 through companies backed by high-profile investors like Jeff Bezos. Gates also owned up to the various failures in their initiatives, and admitted that they try their best to leverage the expertise and wisdom from the community leaders present in the areas they aid. Why doesnt everyone just invest in farmland then? As per the report, the Gates have their own land in at least 18 American states. It is unclear how cheap biofuels can be but if they are cheap it can solve the aviation and truck emissions. However, the Gates Foundation has been largely transparent at every level of their operations from their objectives, means, successes, and failures. Gates and his investment team own more than 240,000 acres, as reported by OKeefe, including 2,167 acres in Michigan. Why am I just learning about this NOW?. The report states that Gates has 70,000 acres of land in North Louisiana where they grow soybeans, corn, cotton. Claims online that billionaire Microsoft co-founder Bill Gates owns the majority of U.S. farmland and that BlackRock, the worlds largest asset manager, owns the majority of U.S. single-family houses are factually inaccurate, according to industry data and spokespeople for Gates and BlackRock. "I've gotten a big earful on this from clear across the state, it's not even from that neighborhood," Doug Goehring, the state's agricultural commissioner, told a local NBC affiliate this week. Drinking or using tap water treated with chlorine is dangerous because chlorine is a poison., Obama imposed stricter rules on trains carrying toxins. He created the pledge in 2010 with his then-wife, Melinda French Gates, and his close friend and Berkshire Hathaway CEO, Warren Buffett. Recently, NBC News reported that Bill Gates along with his estranged wife Melinda Gates had acquired more than 269,000 acres of farm in the United States in the past 10 years. 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). Gates and his investment team own more than 240,000 acres, as reported by O'Keefe, including 2,167 acres in Michigan. Instead, he mostly acts like a landlord and allows professional farmers to keep doing their thingeven if those practices are ruinous to the environment. While this is certainly a lot of acreage, it represents less than 1% of all the farmland in the United States. Farmland originally appeared on Benzinga.com. Farmland, Biden Hears Oval Office Plea for Alaska Oil Project in Lobbying Frenzy, Apple tops ranking of global companies with the most 'green' revenue, UPDATE 2-North Korea says UN should demand end to S.Korea-US military drills, US Treasury puts cost of outbound investment risk program at $10 million, US Jobs Report and Powell Testimony Take Center Stage: Eco Week. The report states that Gates has 70,000 acres of land in North Louisiana where they grow soybeans, corn, cotton. 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. Access your favorite topics in a personalized feed while you're on the go. That makes him the largest landowner in the U.S. Stats show agriculture is a pretty good investment for billionaires. 1800 I Street NW Table of Contents show 2022. Bill Gates owns a ton of farmland in the United Statesas in, about 270,000 acres. Thus, in Gates mind, its extremely important to help empower these developing peoples before that year comes to fruition. This position in Microsoft was quickly funneled by Cascade Investment into this long term growth strategy. he has consistently made investing choices that brought him unusual and incredible returns, and this has brought him great wealth when others made the wrong fiscal moves, and lost much. In a 2020 blog post, he wrote, "The rich should pay more than they currently do, and that includes Melinda and me.". These posts were flagged as part of Instagrams efforts to combat false news and misinformation. A spokesperson for Gates also told Reuters the claim that Gates owns the majority of U.S. farmland was false, pointing to the USDA figures. He responded that it was a decision his investment group made. 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.. Social media post scrambles the facts on high egg prices, Bill Gates Invested In Artificial Eggs a Decade Before Egg Shortage, Bill Gates is About to Change the Way America Farms, What the plow and lab-grown meat tell us about innovation, Avian influenza outbreaks reduced egg production, driving prices to record highs in 2022, 2022-2023 Confirmations of Highly Pathogenic Avian Influenza in Commercial and Backyard Flocks, Bill Gates owns a lot of American farmland, but not the majority, The controversy over Bill Gates becoming the largest private farmland owner in the US, McDonald's french fries, carrots, onions: all of the foods that come from Bill Gates farmland, Fact Check-Bill Gates doesnt own most U.S. farmland; BlackRock doesnt own most houses, Bill Gates and Richard Branson are betting lab-grown meat might be the food of the future, Bill Gates bets on growing demand for sustainable foods, Lab-Grown Meat Backed by Gates, Tyson Foods Faces U.S. BlackRock is a shareholder in both companies (here) (here). Why Is Bill Gates Buying So Much Farmland? The U.S. Federal Government. - Farmland Riches where is bill gates' farmland in michigan. Who owns the most land in the world 2021? The report states that Gates has 70,000 acres of land in North Louisiana where they grow soybeans, corn, cotton. The main factor driving the nationwide price hikes and supply shortages, according to the U.S. Department of Agriculture, is a U.S. avian influenza, or bird flu, outbreak. Perhaps Bill Gates is looking to test out his GMO seeds. Other examples can be seen (here), (here). 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. FILE - Bill Gates attends a discussion during the 'Munich Security Conference' in Munich, Germany, Friday, Feb. 18, 2022. Or, have more control over the resources we all use and need. The tech billionaire owns 69,071 acres in Louisiana, 47,927 acres in Arkansas, and 20,588 acres in Nebraska. The counties with the most total acres of foreign-owned ag land are Keweenaw, Baraga and Alger. By 2019, the USDA says foreign ownership of U.S. acres exceeded 35.2 million acres, a 60 percent increase from the decade prior.