Corn production is concentrated in the Lower Peninsula with Saginaw and Lenawee counties as Michigans largest producers. 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 . It is not connected to climate. If youve been on the fence about getting into farmland, maybe now is the time to reconsider. According to 2021 article from the Land Report, a magazine about land ownership, Gates owns approximately 242,000 acres of farmland. A 2018 purchase of 14,500 acres of prime eastern Washington farmland - which is. Gates, currently the sixth-richest person in the world, has a net worth of $111 billion, according to the Bloomberg Billionaires Index. In his annual Reddit Ask Me Anything session on Wednesday, Gates was asked why he has made all of his farmland purchases. The Agriculture Department estimates there are more than 895 million acres of farmland in the U.S., making Gates share 0.028%. Farmland Riches, LLC and the owners may have investments in companies represented on the AcreTrader platform. KX News' Josh Meny sat down with Vogel who says the Attorney General's office is impeding her investigation into the purchase. Starting in 2013, Gates began investing his billions (through the firm Cascade Investment) in agriculture because of its steady increase in value and low volatility. He has been buying thousands of acres across America. Gates and his investment team own more than 240,000 acres, as reported by O'Keefe, including 2,167 acres in Michigan. Farmland REITs have a high degree of correlation with the overall stock market, and returns tend to be lower than less liquid farmland investments. In his Reddit AMA last year, one user said, "What do you plan to do with all the farmland you have purchased? Click here to view current offerings on AcreTrader! Farmland originally appeared on Benzinga.com. 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. Thus, before we answer these questions, we are going to provide a brief summary of his financial history. Gates does not own the majority of U.S. farmland. One of the more colorful theories pertains to Gatess strange interest in U.S. agriculture, with rumors that the former Microsoft CEO owns upward of 80 percent of farmland in the United States. Invitation Homes, for example, has approximately 80,000 homes for lease across the country and is the largest landlord for single-family homes in the United States (here) (here). 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). Does Michigan Allow Personal Tax Exemptions? Weyerhaeuser purchase Plum Creek in 2015 for over $8 Billion! It's hard to visualize just how much land 242,000 acres amounts to unless . Microsoft co-founder Bill Gates is America's top private farmland owner. Gates does own a lot of farmland. This is because of more intense seasons of drought and rain. Gates started purchasing farmland circa 2013 through his investment group, Cascade Investments. False. Will Bill Gatess green tech initiatives ever intersect with his growing agricultural empire? BlackRock is a shareholder in both companies (here) (here). to not use their land, is working towards their real agenda. The financial crisis later in that same decade prompted an explosion of investments into farmland when monetary safe havens became scarce. These claims are not true. With the Washington state acreage and other recent additions to his portfolio,. Gates is No. 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. His largest holding is in Louisiana (69,071 acres), followed by Arkansas (47,927 acres) and Arizona (25,750 acres). Official: Michigan State gunman had note threatening 2 New Jersey schools. Prior to this in 1999, Bill sold off tons of Microsoft stock to diversify. But that's just a portion of the vast holdings Gates and his ex-wife, Melinda French Gates, own from sea to shining sea. These posts were flagged as part of Instagrams efforts to combat false news and misinformation. Across the nation, Gates' affiliates . Gates has farmlands in Louisiana, Nebraska, Georgia and other areas. I have invested in these farms to make them more productive and create more jobs. Since its IPO in 1985, Microsoft has seen continual success. Darren lives in Portland, has a cat, and writes/edits about sci-fi and how our world works. In addition, the law places certain limitations on the ability of trusts to own farmland or ranchland, the letter said. Why Is Bill Gates Buying So Much Farmland? These states include: Arizona - 25,750 acres; Arkansas - 47,927 acres . 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.". Recently, Bill Gates has purchased 300,000 acres of farmland, you would think that buying all of the farmland would be bigger news than Elon Musk buying all of Twitter (here). 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. He had accumulated more than 269,000 acres of farmland across 18 states in less than a decade. It has also funded myriad research facilities and humanitarian operations, focusing on overcoming diseases, climate change, agricultural research, and health and nutrition in underdeveloped areas. (AP). Who knows. In fact, Gates is the owner of over. How many farms Does Bill Gates Own? Avian flu is highly infectious, can spread rapidly from flock to flock, and can often kill chickens. Business entities have, however, been increasing their presence as owners of rental properties. 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 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. Due climate change, dry seasons will be drier, and wet seasons will be more intense, and bring more flooding. 33701 Access your favorite topics in a personalized feed while you're on the go. In a Reddit Ask Me Anything (AMA) last week, Gates once again fielded a question pertaining to his AG holdings and stated that he actually only owns 1/4000 of all U.S. farmland, or about 270,000 acres spread across 18 different states. . Today, Bill Gates owns 242,000 acres of farmland in 19 states. By clicking Sign up, you agree to receive marketing emails from Insider Bill Gates and his estranged wife Melinda Gates have accumulated more than 269,000 acres of farmland across 18 American states. While private companies and corporations are increasing . "Our office needs to confirm how your company uses this land and whether this use meets any of the statutory exceptions," the letter said. 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 was right when he sold his own Microsoft stock to diversify through Cascade in 1994. 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. A Grimmway Farms employee moves a water pipe at one of their carrot farms in the Antelope Valley. However, the Gates Foundation has been largely transparent at every level of their operations from their objectives, means, successes, and failures. Bill Gates 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. That makes him the largest landowner in the U.S. Stats show agriculture is a pretty good investment for. 801 3rd St. S 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. "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?" Bill and Melinda released their latest initiative, Bill Gates Big Bet, where the Foundation states theyre betting on the major success of developing nations within the next 15 years, hoping to see more improvement than at any time in history. Conspiracy Theorists claimed last year that the Microsoft founder was buying up farmland in the U.S. to starve Americans for some unknown reason, Snopes said, after researchers said in April that the world was facing a potential food shortage due to Russias invasion of Ukraine. Gates private office, Gates Ventures, told PolitiFact this claim is false. In the past 20 years, the foundation has grown to hold over $48 billion. Why doesnt everyone just invest in farmland then? It isless than .1% of all US farmland because the ownership is so diverse. Nebraska has the third-most Gates-owned farmland in the nation. #1. Louisiana is the top state. Breitbart News reporter Alana Mastrangelo wrote: Gates is now Americas largest private farmland owner, with hundreds of thousands of acres spanning across 19 U.S. states, according tothe Land Report. That makes him the largest landowner in the U.S. Stats show agriculture is a pretty good investment for billionaires. This article was produced by the Reuters Fact Check team. We may earn commission if you buy from a link. While BlackRock does not directly own single-family houses, as the worlds largest asset manager (here), it owns stock in companies that do. An archived version of the tweet can be found (archive.ph/8Tq36). AcreTrader has carved out a niche for themselves that has led to rapid market dominance. Check out:How To Invest In Real Estate With $100. 2022. Not only was he no longer reliant on his own companys success for his own personal wealth, but he set himself up to make even bigger moves in the decades to come. In a 2020 blog post, he wrote, "The rich should pay more than they currently do, and that includes Melinda and me.". However, there are also countless farmland investing platforms gaining traction now too. No one but Bill Gates knows that answer. .css-v1xtj3{display:block;font-family:FreightSansW01,Helvetica,Arial,Sans-serif;font-weight:100;margin-bottom:0;margin-top:0;-webkit-text-decoration:none;text-decoration:none;}@media (any-hover: hover){.css-v1xtj3:hover{color:link-hover;}}@media(max-width: 48rem){.css-v1xtj3{font-size:1.1387rem;line-height:1.2;margin-bottom:1rem;margin-top:0.625rem;}}@media(min-width: 40.625rem){.css-v1xtj3{line-height:1.2;}}@media(min-width: 48rem){.css-v1xtj3{font-size:1.18581rem;line-height:1.2;margin-bottom:0.5rem;margin-top:0rem;}}@media(min-width: 64rem){.css-v1xtj3{font-size:1.23488rem;line-height:1.2;margin-top:0.9375rem;}}60 Scientists Are Trying to Block the Sun, Particle Accelerator Reveals Beginning of Time, Earth's Inner Core Has Another Inner Core, 8 Questions About Turkey With an Earthquake Expert, Conspiracy: Blaming Weather Weapons for Earthquake, Scientists Just Discovered a Literal Hell, How the NFL Grew the Field for Super Bowl LVII, The Doomsday Clock Is at 90 Seconds to Midnight, Uh, Earth's Inner Core Just Stopped Spinning, Supercomputer: 27% of Earth's Life Dead by 2100, 20 Weird Facts About Our Lovable Planet Earth. Gates farmland now totals 242,000 acres. He was right when he predicted the COVID-19 epidemic in 2015. Breitbart News reporter Alana Mastrangelo wrote: Gates is now America's largest private farmland owner, with hundreds of thousands of acres spanning across 19 U.S. states, according to the Land Report. Gear-obsessed editors choose every product we review. 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). Tue, Feb 28, 2023 LOGIN . 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. I have written several articles on postings related to Big Tech, Social Media and Corporations. Social media users are falsely claiming that Gates owns the majority of U.S. farmland. Suggests that since mostly Democrats vote early then that represents made-up ballots or dead people voting.. What special interest does Bill Gates have in farmland? These subsistence farmers can order equipment and seeds they need, paying what they can over a longer period of time. (here). 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. Bill Gates: Americas Top Farmland Owner | The Land Report. False. Bill Gates Is the Biggest Private Owner of Farmland in the United States. How Many Hours Is It From Detroit To Michigan? It is not connected to climate. Thats because the old adage goes: Buy landthey arent making it anymore. (Which volcanologists know isnt exactly true, but you get the idea). By Rebecca . Our state produces about 75 percent of the nations tart cherry crop. According to a January 2021 article by The Land Report, Gates owned 242,000 acres of farmland through two investment management firms - Cottonwood Ag Management and Cascade Investment (here). Bill left most of his professional work at Microsoft at this time to work with Melinda and the foundation. The mainland Chinese company Sino-Michigan Properties LLC has paid $1.9 million for 200 acres of undeveloped land in Milan, Michigan. Gates is just using farmland to make Agri-Tech and financial investments. Read next:Bezos-Backed Startup Lets You Become A Landlord With $100. Agfundernews.com, a website about agricultural investments, reported in 2021 that Gates' investments were part of a broader trend that started after the financial crisis of 2008, as investors looked for reliable returns. An ingredient in some of Chick-fil-As dipping sauces can cause serious health problems. The total portfolio of farmland is worth well over $700 million. 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. Gates appears to be pro-chicken farming. Who owns the most property in Detroit Michigan? What Asset Class Is Farmland Considered To Be? Since 2020, Gates has held the title of the nations largest private farmland owner, per The Land Report. 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. There isn't some grand scheme involved - in fact all these decisions are made by a professional investment team.". Heres why. This isn't the first time Gates has called for higher taxes on the wealthy. His 242,000 acres of farmland stretch across 18 states from Washington to Florida,. 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. The Gates Foundation has seen steady success and growth since their launch, funding science, research, agriculture and education. Their low fees and competitive returns set them apart from many of the other platforms out there. But there is no evidence these investments are linked to a nationwide shortage in chicken and egg products. The Consumer Price Index shows chicken prices, including fresh whole chicken and fresh or frozen chicken parts, have increased 11% over the last year. 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. Bill and Melinda Gates also cracked the Land Report's Top 100 Landowners for the first time coming in at number 49. Oversight," June 15, 2018, The Chicago Tribune, "Chicken nuggets and cream cheese grow in trays in a South Side lab. Bill Gates does not own the majority of U.S. farmland. 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. It is unclear how cheap biofuels can be but if they are cheap it can solve the aviation and truck emissions. (here). 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. In the Reddit AMA, he also said he'll sell what he owns as money goes towards the foundation. Washington, DC Perhaps Bill Gates is looking to test out his GMO seeds. 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. 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.. About 350,000 acres of the U.S. government land in Hawaii were kept for military installations and national parks. The billionaire cant seem to do anything without drawing the conspiratorial ire of online netizens. Other noteworthy farmland investors include Ted Turner and Thomas Peterffy. China has steadily accumulated U.S. Treasury securities over the last few decades. Northern Kansas land sale averages $3,500 per acre. It was a cold January day in 2021 when Eric O'Keefe, editor and founder of The Land Report, walked up to the podium at the Land Expo in Iowa and announced Bill Gates as America's largest individual farmland owner.He learned this after investigating Gates' purchase of the 100 . Thus, in Gates mind, its extremely important to help empower these developing peoples before that year comes to fruition. In 1994, Bill Gates opened up his family office, Cascade Investment LLC, with trusted wealth manager Michael Larson. 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 . Official govt docs expose Michelle Obamas 14 year history as a man., "Woody Harrelsons 60 seconds in the middle of his monologue was cut out of the edits released after the show., BREAKING Trump preps Marines to stop presidential coup.. 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. Bill Gates speaks during the Global Fund's Seventh Replenishment Conference, Wednesday, Sept. 21, 2022, in New York. It was near-perfect timing too, as 2000 would quickly see the infamous tech crash of dot com stocks. "In terms of the very rich I think they should pay a lot more in taxes and they should give away their wealth over time. In January 2021, Bill Gates became the largest owner of farmland in the United States. Perhaps history is repeating itself? Who owns the most land in the world 2021? While this is certainly a lot of acreage, it represents less than 1% of all the farmland in the United States. 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. 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. The . 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. 3. Bill Gates is best-known for cofounding Microsoft, but he's also a major US landowner, having bought 275,000 acres of farmland. Plum Creek, headquartered in Seattle, Washington, is the largest private landowner in Michigan after purchasing 650,000 acres in 2005. 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. The timeline of events leading to the shortages, claim multiple Instagram posts, goes like this: "2013: Bill Gates invests (in) plant-based eggs, poultry, and meat", "2021: Bill Gates becomes the largest private farmland owner in the U.S.", "2021-2023: Mass chicken and egg shortages hit American farms", The Gateway Pundit, a conservative website, shared a similar claim. More surprising, however, was the fact that Bill and Melinda Gates own more private farmland . 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. However, when you read between the lines with an objective and open mind, one can infer much. That's a ginormous deal, one that pencils out to almost $12,000 per acre for a whole lot of acres. Agriculture and the National Bureau of Agricultural Statistics, in the United States there are 362,315,055 hectares of farmland. Youre not investing in a building that will decay over time, but the rich farmland itself. How can this inform our personal investment decisions? What Part Of Michigan Is Considered The Upper Peninsula? Eggs have become expensive and scarce in some parts of the country. There were 895.3 million acres of farmland in America in 2021, according to a 2022 reportfrom the Department of Agriculture. Why Bill Gates Keeps Buying Up So Much Farmland, 60 Scientists Are Trying to Block the Sun, Your Privacy Choices: Opt Out of Sale/Targeted Ads. 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.. Gates believes that subsistence farmers and impoverished peoples will be among the most affected by climate change. Think about how much Bill Gates would have lost if he hadn't diversified in 1999. There isn't some grand scheme involved - in fact, all these decisions are made by a professional investment team.. The publication named Gates the countrys largest private farmland owner in 2020, 2021 and 2022. During times of uncertainty, people often look for someone to blame, and peddlers of misinformation are quick to tell others at whom they should be pointing their fingers. In fact, he reportedly owns more farmland than any other individual in America. Sign up for notifications from Insider! The Bureau of Labor Statistics latest update shows egg prices rose 60% over the last year. It is unclear how cheap biofuels can be but if they are cheap it can solve the aviation and truck emissions.". His idea, like many others, was to diversify his investments across different asset classes. Gates has been asked about his farmland purchases before. 28. Pregnancy tests include a hidden Plan B pill. The transitional land he owns in Arizona is reportedly being built into a suburb .. In Washington, the duo owns more than 14,000 acres of farmland that includes potato . Lucas Nolan is a reporter for Breitbart News covering issues of free speech and online censorship. 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. According to 2021 article from the Land Report, a magazine about land. It has also funded myriad research facilities and humanitarian operations, focusing on overcoming diseases, climate change, agricultural research, and health and nutrition in underdeveloped areas.