3. That's a ginormous deal, one that pencils out to almost $12,000 per acre for a whole lot of acres. During the COVID-19 pandemic, vaccine-hesitant Americans were inundated with false rumors claiming that Gates was putting microchips into vaccines, that he was working on a mind-altering vaccine, that Gates had input tracking devices into vaccines, and that he once called for vaccinations as a way to depopulate the planet. But these land holdings account for only a tiny share of the countrys total farmland. Gates, currently the sixth-richest person in the world, has a net worth of $111 billion, according to the Bloomberg Billionaires Index. The land was purchased from the owners of Campbell Farms, a potato farming group headquartered in Grafton, North Dakota, approximately 50 miles from the Canadian border. The tide began to shift in the early 2000s, when institutional investors began to give farmland a closer look. Who owns the most property in Detroit Michigan? 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. 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Darren lives in Portland, has a cat, and writes/edits about sci-fi and how our world works. These claims are not true. Over time, Gates sold personal stock in Microsoft and reinvested it through Cascade Investment. 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. That purchase of Plum Creek makes Weyerhaeuser the largest private landowner in Michigan, as of now. This article was produced by the Reuters Fact Check team. Try the tool that will help you invest smarter, faster, and better. How much land does Russia own in the United States? Chicken nuggets and cream cheese grow in trays in a South Side lab. Recently, an article in Land Report stated that Bill Gates owns more American farmland than anyone else. Plum Creek, headquartered in Seattle, Washington, is the largest private landowner in Michigan after purchasing 650,000 acres in 2005. Former Microsoft CEO Bill Gates owns a majority of America's farmland. Also, because youre investing in the land itself, your investment not only is quite resistant to depreciation, but also provides some solid tax benefits due to be land ownership. There isn't some grand scheme involved - in fact, all these decisions are made by a professional investment team.. What special interest does Bill Gates have in farmland? A 2021 report published by the U.S. Department of Agriculture (USDA) said there were 895,300,000 acres of farmland in the United States. 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. Mr. Gates owns about 97,934 hectares, accounting for about 0.03% of . According to Redfin, single-family housing represented over 70% of the properties purchased by investors in the third quarter of 2021 (here). Egg prices havent come down with inflation. Gates' interest in farmland is still strong. 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. Although nowhere near 80 percent of U.S. farmland, its still a little more than one-third of the state of Rhode Island, a surprising amount for one person and enough to make Gates the largest landowner in the U.S. 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. 2023 Benzinga.com. Real estate investors overall have also been increasingly targeting single-family homes. The report states that Gates has 70,000 acres of land in North Louisiana where they grow soybeans, corn . A 2018 purchase of 14,500 acres of prime eastern Washington farmland - which is. Bill Gates was right when he sold his own Microsoft stock to diversify through Cascade in 1994. No one but Bill Gates knows that answer. It is unclear how cheap biofuels can be but if they are cheap it can solve the aviation and truck emissions. Benzinga does not provide investment advice. District of Columbia Bill Gates Is the Biggest Private Owner of Farmland in the United States. AcreTrader is one of the most well-established farmland crowdfunding platforms out there. 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. 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. Oversight," June 15, 2018, The Chicago Tribune, "Chicken nuggets and cream cheese grow in trays in a South Side lab. While many have also speculated that Gates' land purchases were in some way related to his efforts to curb climate change, Gates has said that the two are unrelated. 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). stated on February 26, 2023 a video on Facebook: stated on February 15, 2023 a photo on Facebook: stated on January 29, 2023 a video on Facebook: stated on February 5, 2023 an Instagram post: stated on January 27, 2023 a video on Facebook: stated on January 22, 2023 an Instagram post: stated on January 16, 2023 a photo on Facebook: stated on January 12, 2023 a photo on Facebook: stated on November 6, 2022 an Instagram post: stated on October 26, 2022 a post on Instagram: stated on October 12, 2022 an Instagram post: stated on October 9, 2022 a Facebook post: stated on March 3, 2023 in a Conservative Political Action Conference speech: stated on February 19, 2023 in a Facebook post: stated on February 24, 2023 in an Instagram post: stated on March 2, 2023 in a speech at CPAC: stated on February 25, 2023 in a Facebook post: stated on February 22, 2023 in a Facebook post: stated on February 26, 2023 in an Instagram post: stated on February 27, 2023 in a Facebook post: All Rights Reserved Poynter Institute 2020, a 501(c)(3) nonprofit organization. Bill Gates owns more private farmland in the US than anyone else, an analysis by The Land Report found. Social media posts blame Gates investments in plant-based meat alternatives and his status as the nations largest private farmland owner for triggering the countrys current chicken and egg shortages. This isn't the first time Gates has called for higher taxes on the wealthy. Gates' interest in farmland is still strong. Who owns the most farm ground in the US? The Gates Foundation isnt the entity utilizing the land, but rather just Bills family office. By Rebecca . With her 6.6 billion acres, Elizabeth II is far and away the worlds largest landowner, with the closest runner-up (King Abdullah) holding control over a mere 547 million, or about 12% of the lands owned by Her Majesty, The Queen. 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. The financial crisis later in that same decade prompted an explosion of investments into farmland when monetary safe havens became scarce. In the past 20 years, the foundation has grown to hold over $48 billion. These rumors, like the present rumor about Gates buying up the majority of farmland in the United States for nefarious purposes, are all false. Who owns the most farmland in the world? See here for a complete list of exchanges and delays. They ripen in late July and early. 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. In his Reddit AMA last year, one user said, "What do you plan to do with all the farmland you have purchased? Social media post scrambles the facts on high egg prices, Gateway Pundit, "Bill Gates Invested In Artificial Eggs a Decade Before Egg Shortage," Jan. 24, 2023, PolitiFact, "What Bill Gates has to do with livestock, lab-grown meat," May 18, 2020, PolitiFact, "Eggflation? 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). Talk about big bets. As of 2022, he owned 248,000 acres of farmland across more than a dozen states, but this accounts for less than 1% of the total farmland in the U.S. How Long Can You Be Held Without Bond In Michigan? A Grimmway Farms employee moves a water pipe at one of their carrot farms in the Antelope Valley. What does Weyerhaeuser have to do with Michigan? As per the Land report and NBC report, Gates has farmlands in Louisiana, Nebraska, Georgia and other areas. Investors from the Netherlands own 33% of that land with Canadians owning 25%. 20006, Florida 2021. In 2000, the new Gates foundation launched with Bill, Melinda, and Warren Buffet on the trustee board. Access your favorite topics in a personalized feed while you're on the go. Who owns the most land in the world 2021? Bill Gates and his estranged wife Melinda Gates have accumulated more than 269,000 acres of farmland across 18 American states. Similar to private equity firms destabilizing the housing market, millionaires and billionaires investing in farmland are also creating their own set of issues, as they are now pricing out young farmers looking to buy land. You can find his previous stuff at Gizmodo and Paste if you look hard enough. That makes him the largest landowner in the U.S. Stats show agriculture is a pretty good investment for. 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. In fact, in June of 2022 he secured an additional 2,100 acres of farmland in North Dakota for roughly $13.5 million. There isn't some grand scheme involved - in fact all these decisions are made by a professional investment team.". Costs are expected to fall in the coming weeks as egg-laying flocks are restored. 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. While this is certainly a lot of acreage, it represents less than 1% of all the farmland in the United States. This is because of more intense seasons of drought and rain. We need your help. According to 2021 article from the Land Report, a magazine about land ownership, Gates owns approximately 242,000 acres of farmland. 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 total portfolio of farmland is worth well over $700 million. As of the latest Rental Housing Finance Survey (2018), there were 19.955 million rental properties in the United States (bit.ly/3FdPtKZ), 17.16 million of them single unit rental properties (bit.ly/3KLCjWH). The figure is far below the total area of U.S. farmland. This position in Microsoft was quickly funneled by Cascade Investment into this long term growth strategy. Top editors give you the stories you want delivered right to your inbox each weekday. Gates does not own anywhere close to the majority of America's farmland. The Consumer Price Index shows chicken prices, including fresh whole chicken and fresh or frozen chicken parts, have increased 11% over the last year. Another main feature of the Big Bet is the implementation of the culmination of the Gates Foundations research: specialized GMO seeds for different crops that have been gene edited to be pest-proof, flood proof, disease proof, and climate change-resistant. 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. The 2,100 acre potato farm adds to his massive portfolio of farm investments. Youre not investing in a building that will decay over time, but the rich farmland itself. According to lovemoney.com, the church owns more than 70 million hectares. 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. As we learned above, in most farmland investment situations, the farmland owner leases their land to tenant farmers, who usually live on and work the land. How Many Hours Is It From Detroit To Michigan? Stay up to date with what you want to know. 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. Instead, he mostly acts like a landlord and allows professional farmers to keep doing their thingeven if those practices are ruinous to the environment. Bill Gates speaks during the Global Fund's Seventh Replenishment Conference, Wednesday, Sept. 21, 2022, in New York. As of 2020, industry reports show he owned about 0.027% of U.S. farmland. The figure cited by The Land Report was subsequently reported by major news outlets including Business Insider and Forbes (here), (here). Stay up to date with what you want to know. However, the Gates Foundation has been largely transparent at every level of their operations from their objectives, means, successes, and failures. All rights reserved. Sign up for notifications from Insider! There were 895.3 million acres of farmland in America in 2021, according to a 2022 reportfrom the Department of Agriculture. 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. Mar 4, 2009. 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). Will Bill Gatess green tech initiatives ever intersect with his growing agricultural empire? 54. So, what's the interest in farmland? 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. 1 landowner in the U.S. is billionaire John Malone, the chairman of Liberty Media, who tops . In 2020, Gates made headlines for becoming the largest private farmland owner in the U.S. The tweet had gathered over 215,000 likes at the time of writing. Is this just a regular investment move, made on a large scale? 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 Click here to view current offerings on AcreTrader! What Asset Class Is Farmland Considered To Be? Bill Gates: Americas Top Farmland Owner | The Land Report. AcreTrader has carved out a niche for themselves that has led to rapid market dominance. Drinking or using tap water treated with chlorine is dangerous because chlorine is a poison., Obama imposed stricter rules on trains carrying toxins. In January 2021, Bill Gates became the largest owner of farmland in the United States. No one but Bill Gates knows that answer. Gates and his wife own 269,000 acres of farmland. Distance from Michigan to Detroit The shortest route between Michigan and Detroit is, Michigan law is absolutely clear that an adult over the age of 21 shall not sell or furnish alcohol to a minor. St. Petersburg, FL While Gates is still the top farmland owner in the U.S., not all of the property he owns is farmland. Just over 70% of these were owned by individual investors. 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 . There were 895.3. Hint, It's Not Bill Gates, Bezos-Backed Startup Lets You Become A Landlord With $100, Try the tool that will help you invest smarter, faster, and better, Bill Gates Finally Explains Why He's Buying So Much U.S. Billionaire Bill Gates explains why he buys a lot agricultural land - Photo: BENZINGA. However, when you read between the lines with an objective and open mind, one can infer much. The Gates Foundation has seen steady success and growth since their launch, funding science, research, agriculture and education. 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. Today, Bill Gates owns 242,000 acres of farmland in 19 states. How long is it from Michigan to Detroit? a Reddit user asked. Nancy Pelosi (purchased) 10,000 shares of Amgen, manufacturer of Nplate, a drug used to treat radiation sickness.. The Justice Department has been calling parents that are concerned about what their kids are being taught, they are labeling them terrorists., Sen. Marco Rubio signed a 2021 letter that supports waivers that would reduce visual track inspections.. While much of this land was transferred to the new state of Hawaii in 1959, the federal government did keep some. Why doesnt everyone just invest in farmland then? In a world of wild talk and fake news, help us stand up for the facts. In a March 2021 "Ask Me Anything" session on Reddit, Gates was asked why he had purchased so much farmland. 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. 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. Some social media users are claiming recent national chicken and egg supply shortages are the culmination of a decadelong plot by Gates. 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. Perhaps history is repeating itself? Partnering with Monsanto to create these super seeds is also part of the plan. By clicking Sign up, you agree to receive marketing emails from Insider 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 .
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where is bill gates' farmland in michigan