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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. Farmland Riches, LLC and the owners may have investments in companies represented on the AcreTrader platform. Roman Catholic Church: 70 million hectares The largest landowner in the world is not a major oil magnate or a real estate investor. Today, Bill Gates owns 242,000 acres of farmland in 19 states. Heres why. This article will go into detail about how much land Bill Gates owns and why he owns so much. 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. Perhaps Bill Gates is looking to test out his GMO seeds. 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. Bill Gates is best-known for cofounding Microsoft, but he's also a major US landowner, having bought 275,000 acres of farmland. Social media users are falsely claiming that Gates owns the majority of U.S. farmland. False. 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. 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. 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. This, combined with holiday demand and continued coronavirus pandemic-related supply-chain pressures, have affected the market. The counties with the most total acres of foreign-owned ag land are Keweenaw, Baraga and Alger. What they are doing locking up land, not just private land, but in Wilderness Areas, National anything to do with land, Conservation programs that literally pay farmers, dairymen, etc. These rumors, like the present rumor about Gates buying up the majority of farmland in the United States for nefarious purposes, are all false. Bill Gates owns about 400 acres of farmland outside of Malmo, Nebraska, that he rents to a local farmer. "Those people are upset, but there are others that are just livid about this.". Chicken nuggets and cream cheese grow in trays in a South Side lab. "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. In a statement to Reuters, editor of The Land Report and author of the article published by the outlet on farmland owned by Gates, Eric O Keefe, called the claim absurd.. 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. The Bureau of Labor Statistics latest update shows egg prices rose 60% over the last year. Is Farmland Partners (FPI) A Good Investment? 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. This is because of more intense seasons of drought and rain. In 2020, there were 166 such funds globally, nearly a 9x increase from only 19 in 2005. Representatives for Gates did not immediately respond to messages from Insider requesting comment. 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 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. One such rumor claimed that there had been an unusual number of fires at food processing facilities in 2022. 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). The figure is far below the total area of U.S. farmland. According to lovemoney.com, the church owns more than 70 million hectares. Bill Gates speaks during the Global Fund's Seventh Replenishment Conference, Wednesday, Sept. 21, 2022, in New York. 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 . Since his divorce, it is unclear how the assets were split up between the couple. While much of this land was transferred to the new state of Hawaii in 1959, the federal government did keep some. Microsoft co-founder Bill Gates is America's top private farmland owner. By clicking Sign up, you agree to receive marketing emails from Insider Gates responded: "I own less than 1/4000 of the farmland in the US. Ive gotten a big earful on this from clear across the state, its not even from that neighborhood, said Goehring. Of those states, Gates owns the most land in Louisiana, where he is proprietor of more than 69,000 acres. 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. 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. The Agriculture Department estimates there are more than 895 million acres of farmland in the U.S., making Gates share 0.028%. Some are near cities and might end up having other uses.". Egg prices havent come down with inflation. The state bars corporations and limited liability companies from owning or even leasing farmlands or ranches and has other limits on trusts, yet the . 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. I have invested in these farms to make them more productive and create more jobs. Our state produces about 75 percent of the nations tart cherry crop. a Reddit user asked. Gates farmland now totals 242,000 acres. 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. The other major crops oats and forages are mostly fed to livestock on farms in the area. Amazing, if truebut its extremely not. As of 2020, industry reports show he owned about 0.027% of U.S. farmland. Bill Gates 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. 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. Document shows Rebekah Jones demonstrated a violation of Floridas Whistleblower Act. 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 Northern Kansas land sale averages $3,500 per acre. Gates believes that subsistence farmers and impoverished peoples will be among the most affected by climate change. Lucas Nolan is a reporter for Breitbart News covering issues of free speech and online censorship. for different crops that have been gene edited to be pest-proof, flood proof, disease proof, and climate change-resistant. The tide began to shift in the early 2000s, when institutional investors began to give farmland a closer look. the Gates Foundation answers the top ten questions they received, and they admitted that they didnt think it was fair that their family had so much global influence. 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. 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. A $13.5 million purchase of a North Dakota potato farm is drawing outrage and legal scrutiny. According to 2021 article from the Land Report, a magazine about land ownership, Gates owns approximately 242,000 acres of farmland. 1800 I Street NW The Agriculture Department has said the avian flu outbreak in the U.S. is the main contributor to low inventory and high prices. Bill left most of his professional work at Microsoft at this time to work with Melinda and the foundation. AcreTrader has carved out a niche for themselves that has led to rapid market dominance. The No. FPI is internally managed and the company owns farms in 16 states, including Alabama, Arkansas, California, Colorado, Florida, Georgia, Illinois, Kansas, Louisiana, Michigan, Mississippi,. In 2000, the new Gates foundation launched with Bill, Melinda, and Warren Buffet on the trustee board. But these land holdings account for only a tiny share of the countrys total farmland. He has also been aproponent of chicken farming. 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. The mainland Chinese company Sino-Michigan Properties LLC has paid $1.9 million for 200 acres of undeveloped land in Milan, Michigan. Which Billionaire Owns The Most Land In The U.S.? Water bills are soaring in some areas as infrastructure deteriorates, a recent University of Michigan study found. The Guardian, https://www.theguardian.com/commentisfree/2021/apr/05/bill-gates-climate-crisis-farmland. North Dakota Agriculture Commissioner Doug Goehring spoke with KFYR, stating that the public reaction to the purchase has been negative. Social media post scrambles the facts on high egg prices," Jan. 13, 2023, Various searches on Google and Nexis, accessed Jan. 24, 2023, The Land Report, "Farmer Bill," Jan. 11, 2021, The Land Report, "Bill Gates is About to Change the Way America Farms," Winter 2020 magazine issue, The Land Report 100, Winter 2021 magazine issue, The Land Report 100, Winter 2022 magazine issue, Email exchange, Eric OKeefe, editor, The Land Report, Jan. 23, 2023, Email exchange, Gates Ventures, Jan. 24, 2023, GatesNotes, "Future of food," March 18, 2013, GatesNotes, "What the plow and lab-grown meat tell us about innovation," Feb. 27, 2019, GatesNotes, "Is there enough meat for everyone?," April 21, 2015, GatesNotes, "Why I would raise chickens," June 7, 2016, U.S. Bureau of Labor Statistics, "Consumer Price Index," Jan. 12, 2023, U.S. Department of Agriculture, "Avian influenza outbreaks reduced egg production, driving prices to record highs in 2022," Jan. 11, 2023, U.S. Department of Agriculture, "2022-2023 Confirmations of Highly Pathogenic Avian Influenza in Commercial and Backyard Flocks," Jan. 18, 2023, U.S. Department of Agriculture, "Avian Influenza," Jan. 18, 2023, U.S. Department of Agriculture, "Farms and Land in Farms, 2021 Summary," February 2022, Reddit, Bill Gates Ask Me Anything, March 19, 2021, Bill & Melinda Gates Foundation, "Agricultural Development," accessed Jan. 24, 2023, Associated Press, "Bill Gates owns a lot of American farmland, but not the majority," May 2, 2022, Vox, "The controversy over Bill Gates becoming the largest private farmland owner in the US," June 11, 2021, NBC News, "McDonald's french fries, carrots, onions: all of the foods that come from Bill Gates farmland," June 8, 2021, Reuters, "Fact Check-Bill Gates doesnt own most U.S. farmland; BlackRock doesnt own most houses," May 5, 2022, CNBC, "Bill Gates and Richard Branson are betting lab-grown meat might be the food of the future," March 23, 2018, CNBC, "Bill Gates bets on growing demand for sustainable foods," May 14, 2015, Bloomberg News, "Lab-Grown Meat Backed by Gates, Tyson Foods Faces U.S. Neither of these are a perfect option. 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. 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. There isn't some grand scheme involved - in fact, all these decisions are made by a professional investment team.. Breitbart News previously reported that Gates is Americas largest private owner of farmland. Every single Republican blocked Ketanji Brown Jacksons SCOTUS appointment.. 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. An ingredient in some of Chick-fil-As dipping sauces can cause serious health problems. Other noteworthy farmland investors include Ted Turner and Thomas Peterffy. The . In his Reddit AMA last year, one user said, "What do you plan to do with all the farmland you have purchased? Momentum accelerated during the 2008-2009 Great Financial Crisis, when investors grew desperate for alternatives to traditional safe haven investments like bonds and gold. The Land Report found in 2021 that the Gateses had 242,000 acres of farmland, 1,234 acres of recreational land, and 25,750 acres of land in transition from farmland to residential and commercial use (think suburban development). 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. Access your favorite topics in a personalized feed while you're on the go. 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. Gates has farmlands in Louisiana, Nebraska, Georgia and other areas. 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. Many people wonder why Bill Gates would make these moves with his investment portfolio. "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?" How Many Hours Is It From Detroit To Michigan? But there is no evidence these investments are linked to a nationwide shortage in chicken and egg products. That's a ginormous deal, one that pencils out to almost $12,000 per acre for a whole lot of acres. 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. Of those states, Gates owns the most land in Louisiana, where he is proprietor of more than 69,000 acres. One main benefit to alt assets especially for those whore heavily invested in the stock market is, another scenario where more traditional assets like stocks and, Also, because youre investing in the land itself, your investment not only is quite resistant to depreciation, but also provides some, Theres a lot of little benefits that stack up when talking about farmland, but the biggest is likely the fact that, American farmland produces a lot of exports, exposing you to political risks, Its a little harder to break into farmland than other assets, though this is changing, In the same way you can invest into ETFs (Exchange Traded Funds) in the stock market, there exist similar products for farmland called, Bill and Melinda released their latest initiative, , While the global climate change initiative is trying to reduce total emissions by the year 2050, the year 2030 is also important. Gates said during a Reddit AMA: My investment group chose to do this. RELATED: What Bill Gates has to do with livestock, lab-grown meat, RELATED: Eggflation? (here) (here). Who knows. Why doesnt everyone just invest in farmland then? You're looking into Bill Gates' Red River Trust purchase of . 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 . His idea, like many others, was to diversify his investments across different asset classes. Benzinga does not provide investment advice. Since its IPO in 1985, Microsoft has seen continual success. Mr. Gates owns about 97,934 hectares, accounting for about 0.03% of . What Part Of Michigan Is Considered The Upper Peninsula? What does Weyerhaeuser have to do with Michigan? He has been buying thousands of acres across America. You can find his previous stuff at Gizmodo and Paste if you look hard enough. 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. While Gates does not own the majority of U.S. farmland, he is the largest private farmland owner, according to The Land Report. How much land does Russia own in the United States? All quotes delayed a minimum of 15 minutes. 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 . There isn't some grand scheme involved - in fact all these decisions are made by a professional investment team.". 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. Gates and his wife own 269,000 acres of farmland. 2022. His . This informational is by no means a promotion, solicitation, or recommendation of any specific investment. Our only agenda is to publish the truth so you can be an informed participant in democracy. Gates' achievement, according to the report, is that he's largest private owner of farmland in the US. Microsoft founder Bill Gates and his wife Melinda have amassed the largest portfolio of private farmland in the US, according to The Land Report. Pregnancy tests include a hidden Plan B pill. 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. The publication named Gates the countrys largest private farmland owner in 2020, 2021 and 2022. 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. Plum Creek, headquartered in Seattle, Washington, is the largest private landowner in Michigan after purchasing 650,000 acres in 2005. 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. Last year, Gates vowed to give away "virtually all" of his fortune to the philanthropic foundation he runs with French Gates. Amazon founder Jeff Bezos . Business entities have, however, been increasing their presence as owners of rental properties. Download free guide with advice for beginners. 33701 You either had to directly buy the land, pony up millions to participate in a fund or purchase farmland via a REIT. 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. 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. 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. Bill Gates and conspiracy theories go together like peanut butter and jelly. LIVE OAK, Fla. -- The investment company that manages the wealth of the world's richest man, Bill Gates, has been acquiring gobs of farmland in north Florida the past two years . Bill and Melinda Gates also cracked the Land Report's Top 100 Landowners for the first time coming in at number 49. Corn production is concentrated in the Lower Peninsula with Saginaw and Lenawee counties as Michigans largest producers. "With more productive seeds we can avoid deforestation and help Africa deal with the climate difficulty they already face. But the fact remains, as the Daily Mail notes, Gates computer "nerd" and . Suggests virologists death is linked to COVID-19 vaccines. The Consumer Price Index shows chicken prices, including fresh whole chicken and fresh or frozen chicken parts, have increased 11% over the last year. Washington, DC While there are currently no nationwide food shortages in the United States, nor widespread disruptions in the supply chain, the potential of such shortages caused many people to feel that their food security was suddenly uncertain. There were 895.3. The North Dakota attorney general's office recently inquired into a 2,100-acre farmland purchase by Red River Trust, an entity affiliated with Bill Gates. 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. State law prohibits corporations, LLCs, and trusts from farming or ranching activities. In fact, he reportedly owns more farmland than any other individual in America. As more investors look to buy land, those who got in earlier are poised to benefit from the appreciation of the land value. 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. 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. Michigan. Agriculture and the National Bureau of Agricultural Statistics, in the United States there are 362,315,055 hectares of farmland. 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. 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. In addition to farmland, the Gates' portfolio includes numerous public investments, the Gates Foundation, a major stake in the Four Seasons Hotel, and much more. Stay up to date with what you want to know. Does Michigan Allow Personal Tax Exemptions? However, when you read between the lines with an objective and open mind, one can infer much. This isn't the first time Gates has called for higher taxes on the wealthy. February 27, 2023, 11:49 AM. Avian flu is highly infectious, can spread rapidly from flock to flock, and can often kill chickens. 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. Talk about big bets. We need your help. Accessed 28 Apr. 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. In 2018, Michigan produced 297 million bushels of corn grain, worth $1 billion. How many farms Does Bill Gates Own? Purchasing your own farm outright means that you are not diversified across many farms; just 1. The cost of chicken has also gone up, although not as drastically. In the wake of this uncertainty, unfounded rumors began to spread that attempted to lay the blame for any coming food shortages on nefarious forces. In this short period of time, there was a proliferation in funds that were specifically focused on farmland investing. How long is it from Michigan to Detroit? In January 2021, Bill Gates became the largest owner of farmland in the United States. 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. His largest holding is in Louisiana (69,071 acres), followed by Arkansas (47,927 acres) and Arizona (25,750 acres). What Asset Class Is Farmland Considered To Be? Gates and his investment team own more than 240,000 acres, as reported by OKeefe, including 2,167 acres in Michigan. Bill Gates and his estranged wife Melinda Gates have accumulated more than 269,000 acres of farmland across 18 American states. as well as other partner offers and accept our. Bill Gates: Americas Top Farmland Owner | The Land Report. Will Bill Gatess green tech initiatives ever intersect with his growing agricultural empire? Gates is just using farmland to make Agri-Tech and financial investments. From the beginning, Cascade Investments focused on blue chip defensive stocks, including Four Seasons, Berkshire Hathaway, Coca Cola, and more. According to Redfin, single-family housing represented over 70% of the properties purchased by investors in the third quarter of 2021 (here). 309. Valuations of equities (stocks) are at all time highs, similar to the dot-com bubble. 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. By Dec. 31, 2022, the Agriculture Department reported 43 million egg-laying hens had died because of the disease or depopulation. Just over 70% of these were owned by individual investors. So why does Bill Gates, and other billionaires like him, keep buying up so much farmland? Weyerhaeuser purchase Plum Creek in 2015 for over $8 Billion! Some social media users are claiming recent national chicken and egg supply shortages are the culmination of a decadelong plot by Gates. It is not connected to climate. 2022. 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. AREA 8 CASH CROPS AND DAIRY Area 8 is the leading cash crop area in Michigan. 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. 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. These allow investors to get stared with as little as $10,000. 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. Bill Gates does not own the majority of U.S. farmland. The old saying about land is they aren't making any more of it. Supply and demand? Best Farmland Investing Platforms Non-Accredited, Best Canadian Farmland Investing Platforms. Reuters traced the figure cited by social media posts as the number of acres owned by Bill Gates to The Land Report, which reports on major land ownership in the United States.