where is bill gates' farmland in michigan

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. Essentially, by year 2030, the estimated results of what carbon emissions (and their, Eradicate major diseases such as polio, malaria, and HIV, Reduce child death by half across the developing countries in Africa, Educate and empower small-holder farmers through mobile banking, Featured in the agricultural side of their plan is a strategy for. Bill Gates and conspiracy theories go together like peanut butter and jelly. 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. Gates-affiliated ownership covers vast swaths of farm and timberland, estimated to be 69,071 acres in all by niche land ownership publication The Land Report. District of Columbia Egg prices havent come down with inflation. Age Requirements Most ordinances require, Huckleberries are small bright blue, or dark blue, or black berries which grow wild near marshes in Michigan. Why am I just learning about this NOW?. 54. The report states that Gates has 70,000 acres of land in North Louisiana where they grow soybeans, corn, cotton. The total portfolio of farmland is worth well over $700 million. This material may not be reproduced without permission. Bill Gates is well-known for building Microsoft, but it's a lesser-known fact that he's also the biggest private landowner in the US. Oversight. 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? All rights reserved. Today, Bill Gates owns 242,000 acres of farmland in 19 states. Download free guide with advice for beginners. He owns 242,000 acres, which is equivalent to the area of Fannin County GA. Of those states, Gates owns the most land in Louisiana, where he is proprietor of more than 69,000 acres. This article was produced by the Reuters Fact Check team. Drinking or using tap water treated with chlorine is dangerous because chlorine is a poison., Obama imposed stricter rules on trains carrying toxins. According to 2021 article from the Land Report, a magazine about land. The Gates Foundation has focused their efforts on alleviating the aftermaths of climate change since its founding. Why Bill Gates Is Investing In Chicken-Less Eggs, Memphis Meats raised $161 million to grow meat from cells, Bill Gates and Richard Branson backed a food startup which grows meat in labs, How Beyond Meat became a $550 million brand, winning over meat-eaters with a vegan burger that bleeds', Bill Gates headlines an all-star list of investors pumping $75 million into meatless burgers, How Impossible Burgers simple vision won hundreds of millions in funding and backing from Bill Gates. 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 this short period of time, there was a proliferation in funds that were specifically focused on farmland investing. Bill Gates is best-known for cofounding Microsoft, but he's also a major US landowner, having bought 275,000 acres of farmland. (Read more about our partnership with Meta, which owns Facebook and Instagram.). 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. 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. #1. 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 a 2020 blog post, he wrote, "The rich should pay more than they currently do, and that includes Melinda and me.". According to 2021 article from the Land Report, a magazine about land ownership, Gates owns approximately 242,000 acres of farmland. Other examples can be seen (here), (here). What Asset Class Is Farmland Considered To Be? But there is no evidence these investments are linked to a nationwide shortage in chicken and egg products. Snopes and the Snopes.com logo are registered service marks of Snopes.com. It reported that as of 2022, Gates owned about 248,000 acres of farmland. 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. What Returns Should You Expect From Farmland Investing? There isn't some grand scheme involved - in fact, all these decisions are made by a professional investment team.. Nov 14, 2022. 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. But these companies do not own a majority of U.S. single-family homes. Gates' interest in farmland is still strong. In 1994, Bill Gates opened up his family office, Cascade Investment LLC, with trusted wealth manager Michael Larson. 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. Business entities have, however, been increasing their presence as owners of rental properties. Bill Gates owns massive parcels of farmland. Sign up for our newsletter for the latest tech news and scoops delivered daily to your inbox. Heres why.," Jan. 10, 2023. In his annual Reddit Ask Me Anything session on Wednesday, Gates was asked why he has made all of his farmland purchases. He created the pledge in 2010 with his then-wife, Melinda French Gates, and his close friend and Berkshire Hathaway CEO, Warren Buffett. Other factors are pandemic-related supply chain issues andholiday demand. Hint, It's Not Bill Gates. How Old Do I Have To Be To Go To A Strip Club In Michigan? You either had to directly buy the land, pony up millions to participate in a fund or purchase farmland via a REIT. Thus, before we answer these questions, we are going to provide a brief summary of his financial history. The old saying about land is they aren't making any more of it. Supply and demand? ", Gates responded at the time, "My investment team bought the farmland. His idea, like many others, was to diversify his investments across different asset classes. According to Redfin, single-family housing represented over 70% of the properties purchased by investors in the third quarter of 2021 (here). In January 2021, Bill Gates became the largest owner of farmland in the United States. It is not connected to climate. Mar 4, 2009. Who is the largest landowner in the world? In January 2021, Bill Gates became the largest owner of farmland in the United States. Gates personal farmland portfolio is managed by Michael Larson and Cascade Investment. How can this inform our personal investment decisions? Bill Gates does not own the majority of U.S. farmland. American Homes 4 Rent holds around 57,024 single-family properties (here). 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. Best Farmland Investing Platforms Non-Accredited, Best Canadian Farmland Investing Platforms. 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. FPI is internally managed and the company owns farms in 16 states, including Alabama, Arkansas, California, Colorado, Florida, Georgia, Illinois, Kansas, Louisiana, Michigan, Mississippi,. 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). The major cash crops are field beans, sugar beets, corn and wheat. Bill Gates: Americas Top Farmland Owner | The Land Report. While viral conspiracy theories baselessly conjecture that Gates is buying up farmland in order to starve Americans for some unknown reason, there's likely a simpler explanation: Gates makes money off this land. 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. 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. A $13.5 million purchase of a North Dakota potato farm is drawing outrage and legal scrutiny. Owning farmland is one of the most prudent financial investments to make now. 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. Bill GatesWith almost 269,000 acres, Bill Gates retained his ranking as Americas largest private farmland owner. St. Petersburg, FL (here). Check out:How To Invest In Real Estate With $100. (AP). In addition, he owns 25,750 acres of transitional land and 1,234 acres of recreational land for total land holdings of 268,984 acres. The Consumer Price Index shows chicken prices, including fresh whole chicken and fresh or frozen chicken parts, have increased 11% over the last year. In a world of wild talk and fake news, help us stand up for the facts. While Gates does not own the majority of U.S. farmland, he is the largest private farmland owner, according to The Land Report. Our only agenda is to publish the truth so you can be an informed participant in democracy. Don't miss real-time alerts on your stocks - join Benzinga Pro for free! Satellites are on balloons and not in space.. Here in Michigan, roughly 1.35 million acres of ag land is held by foreign investors and nearly 90% of this land is in forests. 20006, Florida The 2,100 acre potato farm adds to his massive portfolio of farm investments. as well as other partner offers and accept our. Due climate change, dry seasons will be drier, and wet seasons will be more intense, and bring more flooding. 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. In the Reddit AMA, he also said he'll sell what he owns as money goes towards the foundation. With more productive seeds we can avoid deforestation and help Africa deal with the climate difficulty they already face. 420,000 acresBill and Melinda Gates prior to their divorce accumulated roughly 270,000 acres of farmland in less than a decade. 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). Pates wrote that while "nobody involved in the deal seems eager to talk about it," public records connected Gates and the buyer, Red River Trust. 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. Sign up for notifications from Insider! In fact, Gates is the owner of over. The mogul's holdings include large tracts in Illinois, Iowa, Louisiana, California, and about a dozen other states. He has also written on his personal blog about the future of food, the increasing demand for meat as the global population rises and the environmental effects of livestock farming. NOW WATCH: Bill Gates has a net worth of over $96 billion here's how he makes and spends his money. Suggests virologists death is linked to COVID-19 vaccines. This informational is by no means a promotion, solicitation, or recommendation of any specific investment. There were 895.3 million acres of farmland in America in 2021, according to a 2022 reportfrom the Department of Agriculture. Another meme circulating online reads: Bill Gates is buying all the farmland. One of the most prevalent claims related to Gates and the potential for food shortages is that the billionaire owns a suspicious amount of farmland in the United States. I have invested in these farms to make them more productive and create more jobs. The report states that Gates has 70,000 acres of land in North Louisiana where they grow soybeans, corn . - Farmland Riches where is bill gates' farmland in michigan. Hes the largest landowner in the United States. In Washington, the duo owns more than 14,000 acres of farmland that includes potato . 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. While private companies and corporations are increasing . It's not part of his plans to save the planet. 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. Well, as with everything in life, there is always a trade-off especially in finance. Land Values: Here's a look at the top 10 absentee landowners in central Illinois, and where they own farmland. Bill Gates, and the Chinese, are not just buying up farm land for that purpose. But unlike those men, Gilbert has plans to redevelop his properties and not just sit on them. He had accumulated more than 269,000 acres of farmland across 18 states in less than a decade. Valuations of equities (stocks) are at all time highs, similar to the dot-com bubble. 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). How Many Hours Is It From Detroit To Michigan? Does this investment say anything about the state of the. Water bills are soaring in some areas as infrastructure deteriorates, a recent University of Michigan study found. While Microsoft took a major hit in the tech crash of 2000, Bill Gates portfolio with Cascade would gain around 40% return in that same year. Climate Connection. In 2020, Gates made headlines for becoming the largest private farmland owner in the U.S. The billionaire cant seem to do anything without drawing the conspiratorial ire of online netizens. In fact, in June of 2022 he secured an additional 2,100 acres of farmland in North Dakota for roughly $13.5 million. Gates owns less than 1% of the nations farmland. Gates and his investment team own more than 240,000 acres, as reported by O'Keefe, including 2,167 acres in Michigan. Should we be worried about a tech giant like Bill Gates amassing this wild amount of land? 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. 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. Who owns the most farm ground in the US? 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. During his 11th appearance in the "Ask Me Anything" . 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). The Bureau of Labor Statistics latest update shows egg prices rose 60% over the last year. 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. 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.. Pregnancy tests include a hidden Plan B pill. While he owns a significant amount, it is a relatively small slice of the nation's nearly 900 million total farm acres. Gates does not own anywhere close to the majority of America's farmland. Bill Gates investments in farmland can be seen as part of this trend. Alongside his investments, Gates has also purchased farmland in at least 19 states, according to The Land Report. 309. Microsoft founder Bill Gates and his wife Melinda have amassed the largest portfolio of private farmland in the US, according to The Land Report. Check out current deals on AcreTrader now! North Dakotans are outraged as Bill Gates, the largest private farmland owner in the US, apparently buys a $13.5 million potato farm Dominick Reuter Jun 24, 2022, 8:13 AM Leon Neal/Getty. 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. Which Billionaire Owns The Most Land In The U.S.? 1 landowner in the U.S. is billionaire John Malone, the chairman of Liberty Media, who tops . Gates has farmlands in Louisiana, Nebraska, Georgia and other areas. 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. "With more productive seeds we can avoid deforestation and help Africa deal with the climate difficulty they already face. Nancy Pelosi (purchased) 10,000 shares of Amgen, manufacturer of Nplate, a drug used to treat radiation sickness.. 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. From the beginning, Cascade Investments focused on blue chip defensive stocks, including Four Seasons, Berkshire Hathaway, Coca Cola, and more. 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. Donald Trump is back on Twitter, thanks to Elon Musk. Michigan - 2,167 acres; Mississippi - 16,963 acres; Nebraska - 20,588 acres; New Mexico - 1 acre; North Carolina - 874 . 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. 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). Michigan. 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. 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.. Who owns the most property in Detroit Michigan? Any why now after years of massive success? Many people wonder why Bill Gates would make these moves with his investment portfolio. Wonderful Company cofounders Stewart and Lynda Resnick (net worth: $7.1 billion) ranked number three . In fact, he reportedly owns more farmland than any other individual in America. Oversight," June 15, 2018, The Chicago Tribune, "Chicken nuggets and cream cheese grow in trays in a South Side lab. FILE - Bill Gates attends a discussion during the 'Munich Security Conference' in Munich, Germany, Friday, Feb. 18, 2022. State law prohibits corporations, LLCs, and trusts from farming or ranching activities. 3. 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. 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. 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. Suggests that since mostly Democrats vote early then that represents made-up ballots or dead people voting.. F' off Gates! Amazon founder Jeff Bezos . The figure cited by The Land Report was subsequently reported by major news outlets including Business Insider and Forbes (here), (here). It reported that as of 2022, Gates owned about 248,000 acres of farmland. a Reddit user asked. Here are a few likely reasons why Bill Gates is scooping up farmland: Whatever you may think about the man himself, 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. By clicking Sign up, you agree to receive marketing emails from Insider 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. The state is investigating the purchase of potato farmland by the Gates-linked trust, with the states Attorney General writing in a letter that it wasprohibited from owning or leasing farmland or ranchland in the state of North Dakota.. In reality, the number of fires was not extraordinary, the causes of the fires were not unusual, and the damage caused by the fires was minimal. Our state produces about 75 percent of the nations tart cherry crop. Perhaps Bill Gates is looking to test out his GMO seeds. He has also been aproponent of chicken farming. No one but Bill Gates knows that answer. According to lovemoney.com, the church owns more than 70 million hectares. As per the Land report and NBC report, Gates has farmlands in Louisiana, Nebraska, Georgia and other areas. Some are near cities and might end up having other uses.". In his Reddit AMA last year, one user said, "What do you plan to do with all the farmland you have purchased? Investors from the Netherlands own 33% of that land with Canadians owning 25%. According to a 2021 report from the United States Department of Agriculture and the National Agriculture Statistics Service, there are 895,300,000 acres of farmland in the United States. 2022. 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 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. His . This is because of more intense seasons of drought and rain. Returns from farmland have actually outpaced the stock market in recent years with significantly less volatility. How many farms Does Bill Gates Own? Think about how much Bill Gates would have lost if he hadn't diversified in 1999. Lucas Nolan is a reporter for Breitbart News covering issues of free speech and online censorship. But that's just a portion of the vast holdings Gates and his ex-wife, Melinda French Gates, own from sea to shining sea. It has been very fulfilling for me and is my full time job," Gates continued. Bill Gates As of October 2021, the Asian nation owns $1.065 trillion, or about 3.68%, of the $28.9 trillion U.S. national debt, which is more than any other foreign country except Japan. 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. It is reported that Bill Gates owns over 269,000 acres of farmland in over a dozen states, making him the largest farmland owner in America. 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. What Bill Gates has to do with livestock, lab-grown meat, Eggflation? As of 2020, industry reports show he owned about 0.027% of U.S. farmland. 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. According to the Harvard Joint Center for Housing Studies (JCHS) (here), using data of the Rental Housing Finance Survey, between 2001 and 2018 the proportion of rental properties owned by non-individual investors, which include partnerships, trustees for estate, real estate corporations, real estate investment trusts, and other entities, increased from 18% to 26%. Billionaire Bill Gates explains why he buys a lot agricultural land - Photo: BENZINGA. 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. Bill Gates owns more private farmland in the US than anyone else, an analysis by The Land Report found. Official: Michigan State gunman had note threatening 2 New Jersey schools. 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. Or, have more control over the resources we all use and need. 1800 I Street NW Where Does Bill Gates Own Farmland in the US. Featured in the agricultural side of their plan is a strategy for subsistence farmers and other small-acre farms in Africa and the developing world education, resources, and layaway payment plans which can be used through smartphones. As the Land Report notes, 24,800 acres of the land istransitional, located on the western edge of Phoenix, the tenth-largest metropolitan area in the country, and the mostpopulous city in Arizona. AcreTrader is one of the most well-established farmland crowdfunding platforms out there. Your membership is the foundation of our sustainability and resilience. How Long Can You Be Held Without Bond In Michigan? 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.

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