"Our office needs to confirm how your company uses this land and whether this use meets any of the statutory exceptions," the letter said. Farmland as an investment offers low volatility. stated on February 13, 2023 in a Facebook post, Gates investments in plant-based meat and farmland. North Dakota Agriculture Commissioner Doug Goehring spoke with KFYR, stating that the public reaction to the purchase has been negative. Thus, before we answer these questions, we are going to provide a brief summary of his financial history. Table of Contents show The billionaire is one of the founders of the Giving Pledge, which asks the world's wealthiest people to give away most of their fortunes to charitable causes. Conservatives are vowing to never drink Heineken again after it was recently revealed that billionaire Bill Gates acquired a minority stake in the popular brewing company. The REAL reason Bill Gates is buying US land. This, combined with holiday demand and continued coronavirus pandemic-related supply-chain pressures, have affected the market. We invest in the farms to raise productivity. Gates has a big vision for all that land, but unfortunately it doesn't involve organic, biodynamic or regenerative farming methods, which are needed to heal ecosystems and produce truly sustainable, nourishing food for future generations The $13.5 million sale in November of roughly 2,100 acres in the northeast corner of the state was first sleuthed and reported by AgWeek's Mikkel Pates earlier this month. Bill Gates speaks during the Global Fund's Seventh Replenishment Conference, Wednesday, Sept. 21, 2022, in New York. Who is the largest landowner in the world? This position in Microsoft was quickly funneled by Cascade Investment into this long term growth strategy. Due climate change, dry seasons will be drier, and wet seasons will be more intense, and bring more flooding. What Part Of Michigan Is Considered The Upper Peninsula? Since its IPO in 1985, Microsoft has seen continual success. Think about how much Bill Gates would have lost if he hadn't diversified in 1999. A 2018 purchase of 14,500 acres of prime eastern Washington farmland - which is. According to 2021 article from the Land Report, a magazine about land ownership, Gates owns approximately 242,000 acres of farmland. He created the pledge in 2010 with his then-wife, Melinda French Gates, and his close friend and Berkshire Hathaway CEO, Warren Buffett. Bill Gates Is the Biggest Private Owner of Farmland in the United States. 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. Darren lives in Portland, has a cat, and writes/edits about sci-fi and how our world works. 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. Bill Gates gobbling up Florida farmland; investment arm recently paid $28M for 4,500-acre tract. 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. In January 2021, Bill Gates became the largest owner of farmland in the United States. Billionaire philanthropist and Microsoft Corp. co-founder Bill Gates has found himself at the center of yet another online conspiracy theory. For now, Gatess ever-expanding farmland ownership is really just rich guy doing rich guy things, and while concerning in a late-stage capitalism sort of way, it isnt as cartoonishly nefarious as some conspiratorial corners of the internet want to believe. There isn't some grand scheme involved - in fact all these decisions are made by a professional investment team.". 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. 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). Bill Gates is America's biggest farmer, his 269000 acres farmland grows At about $6,000 per acre, the potato farm cost roughly half of what Gates reportedly spent on highly coveted soil closer to his home in Washington. At the turn of this century, Chinese owners owned about 192,000 acres of farmland in the U.S., according to the USDA. 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. Ive gotten a big earful on this from clear across the state, its not even from that neighborhood, said Goehring. Gates also owns land in Arizona (25,750 acres), Illinois (17,940),Mississippi (16,963),Washington (16,097), Florida (14,828), Idaho (9,233), Indiana (9,136), Ohio (8,915), California (4,509), Colorado (2,270), Michigan (2,167), Wisconsin (1,188), Wyoming (975), North Carolina (874), Iowa (552), and New Mexico (1). 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. Bill Gates Finally Explains Why He's Buying So Much U.S. Farmland An archived version of the tweet can be found (archive.ph/8Tq36). 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. However, Microsoft wasn't Bill Gates' only successful venture. How Many Hours Is It From Detroit To Michigan? 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. According to lovemoney.com, the church owns more than 70 million hectares. The report states that Gates has 70,000 acres of land in North Louisiana where they grow soybeans, corn, cotton. 2021. Fact Check-Bill Gates doesn't own most U.S. farmland - Reuters This informational is by no means a promotion, solicitation, or recommendation of any specific investment. Heres why.," Jan. 10, 2023. We need your help. The Gates Foundation has focused their efforts on alleviating the aftermaths of climate change since its founding. While the Gates' own a lot of farmland, nonfarmers own 283 million acres of farmland throughout the U.S. (AP). This isn't the first time Gates has called for higher taxes on the wealthy. Plum Creek, headquartered in Seattle, Washington, is the largest private landowner in Michigan after purchasing 650,000 acres in 2005. The 2,100 acre potato farm adds to his massive portfolio of farm investments. 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. 3. Bill Gates is about to change the way America farms About 350,000 acres of the U.S. government land in Hawaii were kept for military installations and national parks. He was right when he predicted the COVID-19 epidemic in 2015. 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. 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. Satellites are on balloons and not in space.. Bill Gates shops for 'hundreds of acres of sustainable farmland' from His largest holding is in Louisiana (69,071 acres), followed by Arkansas (47,927 acres) and Arizona (25,750 acres). Gates' interest in farmland is still strong. All quotes delayed a minimum of 15 minutes. Either that or I had a screw loose. Bill Gates (AP Images) Bill Gates is buying up America's farmland. Bill Gates' North Dakota Farmland Purchase Approved by the - AgWeb How Old Do I Have To Be To Go To A Strip Club In Michigan? "It is not connected to climate. Will Bill Gatess green tech initiatives ever intersect with his growing agricultural empire? Bill Gates reportedly owns more farmland than anyone else in the United States. The explanation offered by conspiracy theorists for this untrue claim was that these fires were being intentionally set in order to create a food crisis. Whose land is it anyway? Farmers, billionaires - Michigan Farm News While Gates is still the top farmland owner in the U.S., not all of the property he owns is farmland. Theres a lot of little benefits that stack up when talking about farmland, but the biggest is likely the fact that farmland returns historically out performs most other investment vehicles, and is also comparatively the least volatile asset among the bunch. 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. Water bills are soaring in some areas as infrastructure deteriorates, a recent University of Michigan study found. But unlike those men, Gilbert has plans to redevelop his properties and not just sit on them. 41 on The Land Report's 2022 list of Americans who own the most land. Bill Gates owns about 400 acres of farmland outside of Malmo, Nebraska, that he rents to a local farmer. 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. The U.S. Federal Government. #1. Bill Gates Is Buying Up American Farmland. But Why? 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. Although Gates owns these farms, he isnt changing their practices. 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. (here). As per the report, the Gates have their own land in at least 18 American states. Bill and Melinda Gates own 70,000 acres of Louisiana farmland; what No one but Bill Gates knows that answer. No, its the Roman Catholic Church. Mr. Gates owns about 97,934 hectares, accounting for about 0.03% of . A Grimmway Farms employee moves a water pipe at one of their carrot farms in the Antelope Valley. What special interest does Bill Gates have in farmland? Bill Gates owns a lot of American farmland, but not the majority Estes, Nick. That purchase of Plum Creek makes Weyerhaeuser the largest private landowner in Michigan, as of now. 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. 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. Some social media users are claiming recent national chicken and egg supply shortages are the culmination of a decadelong plot by Gates. Purchasing your own farm outright means that you are not diversified across many farms; just 1. Bill Gates does not own the majority of U.S. farmland. 309. (Read more about our partnership with Meta, which owns Facebook and Instagram.). 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. State law prohibits corporations, LLCs, and trusts from farming or ranching activities. This material may not be reproduced without permission. Gates does not own the majority of U.S. farmland. What Land Does Bill Gates Own In Michigan? - PartyShopMaine Heineken accused of secretly shipping adrenochrome in kegs after Bill By divesting his personal wealth from his own thriving tech company, and diversifying into myriads of other non-tech based businesses, he was not only exceptionally protected against the tech crash of 2000, but made out like a bandit. 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. Gates responded: "I own less than 1/4000 of the farmland in the US. Contacted by Reuters, a BlackRock spokesperson said: BlackRock is not buying single-family homes and is not competing with individuals to purchase houses in America..
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